Written by StockBrokers.com
In this head to head comparison of IG vs Lloyds Bank, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
Alongside the cost per trade, most UK online brokers also charge a monthly, quarterly, or annual management fee, which varies based on the account type and balance. Based on our thorough review, IG offers better pricing than Lloyds Bank for share dealing.
Assuming a £30,000 portfolio size, here are the total annual costs for share dealing with both brokers, given different monthly activity scenarios.
5 trades per year - IG would cost £136 per year, while Lloyds Bank would cost £95 per year.
12 trades per year - IG would cost £96 per year, while Lloyds Bank would cost £40 - £172 per year.
36 trades per year - IG would cost £108 per year, while Lloyds Bank would cost £40 - £328 per year.
120 trades per year - IG would cost £360 per year, while Lloyds Bank would cost £40 / £1,000 per year.
3 fund trades per year - IG would cost £0 per year, while Lloyds Bank would cost £0 per year.
What type of trader are you?
New to the world of investing? See our picks for the Best UK Trading Platforms for Beginners. More experienced traders should read our guide to the Best UK Trading Platforms for Active Traders.
IG and Lloyds Bank both offer a variety of investment options for online trading, though they cater to different investment needs. IG provides opportunities for share and ETF trading, CFD trading, and investment trusts, earning it a respectable rating of 4.5 stars from UK.StockBrokers.com. However, it lacks in areas like crypto trading, spread betting, funds, corporate bonds, and government bonds (gilts), as well as advisory services, landing IG at the 10th spot for investment choices out of 18 brokers. In contrast, Lloyds Bank shares some common ground with IG by offering share and ETF trading, as well as investment trusts.
Lloyds Bank, however, further extends its investment services to include funds, trading in corporate and government bonds, and advisory services, earning it a superior rating of 5 stars and placing Lloyds at the 8th rank out of the 18 brokers on UK.StockBrokers.com. Neither IG nor Lloyds Bank supports crypto trading or spread betting, highlighting a potential gap for traders interested in these options. Overall, Lloyds Bank offers a more comprehensive portfolio of investment choices, making it a preferred choice for investors seeking a more traditional and advisory-led investment approach.
| Feature |
IG
|
Lloyds Bank
|
|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | Yes | No |
| ETFs | Yes | Yes |
| Funds | No | Yes |
| Bonds - Government (Gilts) | No | Yes |
| Investment Trusts | Yes | Yes |
| Spread Betting | Yes | No |
| Crypto Trading | No | No |
| Advisor Services | No | Yes |
| Investment Choices |
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Professional’s Gateway to the World’s Markets.
Low-cost US and UK shares.
When it comes to comparing trading tools, IG stands out significantly compared to Lloyds Bank. IG offers an advanced charting experience, allowing users to display corporate events like earnings, splits, and dividends directly on charts. Furthermore, with 19 drawing tools and 33 technical indicators at their disposal, traders using IG can customize their analysis with ease. In addition, IG supports note-taking directly on charts to aid strategic planning. In contrast, Lloyds Bank lacks these chart customization features and does not provide any drawing tools or technical indicators.
Both IG and Lloyds Bank offer a browser-based trading platform and the ability to create alerts for stock price updates. However, while IG provides real-time market data to keep traders informed with the latest market movements, Lloyds Bank falls short in this regard. Additionally, neither platform currently supports adding index or stock overlays to charts. For traders who prioritize comprehensive charting capabilities and real-time data, IG presents a more robust option compared to Lloyds Bank.
| Feature |
IG
|
Lloyds Bank
|
|---|---|---|
| Web Platform | Yes | Yes |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 33 | 0 |
| Charting - Drawing Tools | 19 | 0 |
| Charting - Notes | Yes | No |
| Charting - Display Corporate Events | Yes | No |
| Charting - Stock Overlays | No | No |
| Charting - Index Overlays | No | No |
When comparing IG and Lloyds Bank for retirement accounts, both providers offer Individual Savings Accounts (ISAs) and Self-Invested Personal Pensions (SIPPs), giving investors flexible options to grow their savings. IG, known for its digital platform, caters to tech-savvy users seeking straightforward online management, while Lloyds Bank, with its established banking services, appeals to those who appreciate brand familiarity and in-person support. Whether you're inclined towards the cutting-edge tools of IG or the trusted reputation of Lloyds Bank, both options allow individuals to effectively plan for their retirement with versatile account offerings.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
When it comes to choosing a mobile app for trading, both IG and Lloyds Bank provide options for iPhone and Android users. However, IG's app stands out with a top rating of 5 stars from UK.StockBrokers.com, positioning it 6th among 18 brokers for mobile app performance. In contrast, Lloyds Bank's app receives a more modest 3.5-star rating, ranking it 15th in the same lineup, which may influence user preference based on app quality and functionality. IG's higher ranking suggests a more reliable and user-friendly experience for traders on the go.
Dive deeper: Best Stock Trading Apps UK.
When comparing beginner investor educational resources, IG stands out as a top choice over Lloyds Bank. IG offers educational client webinars, even archived ones for on-demand viewing, while Lloyds Bank does not provide any webinars. IG’s educational content covers important topics like share trading and retirement, although neither broker offers resources on funds. Rated 5 stars by UK.StockBrokers.com, IG holds the 7th rank out of 18 brokers for beginner education, significantly higher than Lloyds Bank's 4-star rating and 15th rank. If you're starting your investment journey, IG's comprehensive educational offerings make it a strong contender.
| Feature |
IG
|
Lloyds Bank
|
|---|---|---|
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Education (Share Trading) | Yes | No |
| Education (Funds) | No | No |
| Education (Retirement) | Yes | No |
| Education |
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Dive deeper: Best UK Trading Platforms for Beginners.
When comparing market research features between IG and Lloyds Bank, both platforms provide research reports for funds, making it easy for investors to access detailed insights. However, neither offers the capability to view portfolio allocation by asset class. For traditional investment research, both IG and Lloyds Bank excel in shares and ETFs research, catering to those interested in these popular markets. Additionally, IG distinguishes itself with CFDs research, a feature Lloyds Bank lacks. Conversely, Lloyds Bank outshines IG by providing extensive research on funds and bonds, areas where IG is limited or absent. Overall, the choice between IG and Lloyds Bank may depend on specific research preferences and investment focus.
| Feature |
IG
|
Lloyds Bank
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - CFDs | Yes | No |
| Research - ETFs | Yes | Yes |
| Research - Bonds | No | Yes |
| Research - Funds | No | Yes |
| Fund Research - Research Reports | Yes | Yes |
| Portfolio Allocation Breakdown | No | No |
Which broker is better overall, IG or Lloyds Bank? After collecting more than 900 data points over a 10-week period, we found IG to be a better trading platform overall.
IG is an investment platform aimed at experienced investors looking to make frequent trades on the stock market, with thousands of shares, trusts and ETFs to trade. It offers a comprehensive and easy-to-use trading platform that is used by both private and professional investors.
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Lloyds Bank
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Both IG and Lloyds Bank do not offer crypto trading options.
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0 of 5| Overall Rating | IG | Lloyds Bank | |
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| Review | IG Review | Lloyds Bank Review | |
| Winner | check_circle |
| Investments | IG | Lloyds Bank | |
|---|---|---|---|
| ISA | Yes | Yes | |
| SIPP | Yes | Yes | |
| Share Trading | Yes | Yes | |
| CFD Trading | Yes | No | |
| Funds | No | Yes | |
| ETFs | Yes | Yes | |
| Bonds - Corporate | No | Yes | |
| Bonds - Government (Gilts) | No | Yes | |
| Investment Trusts | Yes | Yes | |
| Spread Betting | Yes | No | |
| Crypto Trading | No | No | |
| Advisor Services | No | Yes |
| Trading Fees | IG | Lloyds Bank | |
|---|---|---|---|
| Minimum Deposit | £0 | £0 | |
| Share Trading: 0-9 Deals/ Month | £0-£10 | £8, £10, £11 | |
| Share Trading: 10-19 Deals/ Month | £3 | £8 | |
| Share Trading: 20+ Deals/ Month | £3 | £8 | |
| 5 trades per year (£30k portfolio) | £136 | £95 | |
| 12 trades per year (£30k portfolio) | £96 | £40 - £172 | |
| 36 trades per year (£30k portfolio) | £108 | £40 - £328 | |
| 120 trades per year (£30k portfolio) | £360 | £40 / £1,000 | |
| 3 fund trades per year (£30k portfolio) | N/A | £44.50 | |
| Annual Custody Fee: £0 - £250,000 | £0 / £96 | £40 | |
| Annual Custody Fee: £250K-£500K | £0 / £96 | £40 | |
| Annual Custody Fee: £500,000 - £1m | £0 / £96 | £40 | |
| Annual Custody Fee: £1m and over | £0 / £96 | £40 | |
| Bonds - Corporate - Fee | N/A | £8 - £11 | |
| Bonds - Government (Gilts) - Fee | N/A | £8 - £11 | |
| ETFs - Fee | £0 - £8 | ||
| Investment Trusts - Fee | £0 - £8 | ||
| Telephone Dealing Fee | £50 | £35 |
| Broker Screenshots | IG | Lloyds Bank | |
|---|---|---|---|
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| Mobile Trading Apps Gallery (click to expand) |
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| Education Gallery (click to expand) |
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| Platforms & Tools | IG | Lloyds Bank | |
|---|---|---|---|
| Web Platform | Yes | Yes | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 33 | 0 | |
| Charting - Drawing Tools | 19 | 0 | |
| Charting - Notes | Yes | No | |
| Charting - Display Corporate Events | Yes | No | |
| Charting - Stock Overlays | No | No | |
| Charting - Index Overlays | No | No |
| Research | IG | Lloyds Bank | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | Yes | No | |
| Research - Funds | No | Yes | |
| Fund Research - Research Reports | Yes | Yes | |
| Research - ETFs | Yes | Yes | |
| Research - Bonds | No | Yes | |
| Portfolio Allocation Breakdown | No | No |
| Education | IG | Lloyds Bank | |
|---|---|---|---|
| Education (Share Trading) | Yes | No | |
| Education (Funds) | No | No | |
| Education (Retirement) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No |
| Overall Summary | IG | Lloyds Bank | |
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| Review | IG Review | Lloyds Bank Review | |
| Winner | check_circle |
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