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IG vs Lloyds Bank 2025

StockBrokers.com

Written by StockBrokers.com

April 17, 2025

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.

IG
4.5/5 Stars Overall
  • Minimum Deposit: £0
  • ISA: Yes
  • SIPP: Yes
Lloyds Bank
4/5 Stars Overall
  • Minimum Deposit: £0
  • ISA: Yes
  • SIPP: Yes

Fees

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 £0 per year, while Lloyds Bank would cost £95 per year.

12 trades per year - IG would cost £0 per year, while Lloyds Bank would cost £40 - £172 per year.

36 trades per year - IG would cost £0 per year, while Lloyds Bank would cost £40 - £328 per year.

120 trades per year - IG would cost £0 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.

query_stats 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.

Investment Choices

For UK investors comparing IG and Lloyds Bank, both platforms offer a reliable selection of share trading and ETF investment opportunities, catering to those looking to diversify their portfolios. While Lloyds Bank takes the lead with options like funds, corporate bonds, and government bonds (gilts), IG focuses on providing access to CFD trading, setting itself apart for traders interested in complex financial instruments. Additionally, Lloyds Bank stands out with advisory services to aid investors in making informed choices, a feature not available with IG.

According to UK.StockBrokers.com, Lloyds Bank outshines IG in investment choices, boasting a 5-star rating compared to IG's commendable 4.5 stars. In terms of offerings among 21 brokers, Lloyds is ranked at number 8, while IG holds the 11th spot. Both platforms support trading in investment trusts, catering to a broad range of investor needs, yet Lloyds Bank's wider range may appeal more to traditional investors seeking comprehensive guidance and variety.

Feature IG logoIG
Lloyds Bank logoLloyds Bank
Share Trading info Yes Yes
CFD Trading info Yes No
ETFs info Yes Yes
Funds info No Yes
Bonds - Government (Gilts) info No Yes
Investment Trusts info Yes Yes
Spread Betting info Yes No
Crypto Trading info No No
Advisor Services info No Yes
Investment Choices 4.5/5 Stars 5/5 Stars

Featured Offers


4.5/5 Stars

Low-cost US and UK shares.

4.5/5 Stars

Professional’s Gateway to the World’s Markets.

Trading Tools

Online trading platforms can significantly enhance your trading experience, and comparing IG with Lloyds Bank reveals some stark differences in their offerings. IG provides more advanced charting tools, allowing users to display corporate events like earnings, splits, and dividends directly on their charts—an option Lloyds Bank lacks. With IG, traders have access to 19 drawing tools and 33 technical indicators to assist in detailed analysis, while Lloyds Bank offers none. Additionally, IG allows the inclusion of personal notes on charts, a feature not available with Lloyds Bank.

Both IG and Lloyds Bank offer browser-based trading platforms and alert features for stock price updates. However, when it comes to receiving real-time market data, IG has the upper hand, providing this critical information to traders, unlike Lloyds Bank. Neither platform currently supports index or stock overlays on charts. In summary, if charting tools and up-to-date market data are priorities for you, IG might be the more suitable choice.

Feature IG logoIG
Lloyds Bank logoLloyds Bank
Web Platform info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 33 0
Charting - Drawing Tools info 19 0
Charting - Notes info Yes No
Charting - Display Corporate Events info Yes No
Charting - Stock Overlays info No No
Charting - Index Overlays info No No

ISAs and SIPPs

When comparing online broker IG with Lloyds Bank for retirement account options in the UK, both institutions offer Individual Savings Accounts (ISAs) and Self-Invested Personal Pensions (SIPPs). IG provides a flexible platform for managing ISAs and SIPPs, catering to those who prefer a more self-directed approach to investing. With IG, you can benefit from tools and resources designed for independent investors. On the other hand, Lloyds Bank combines traditional banking support with the ability to open ISAs and SIPPs, appealing to those who might prefer having their financial products consolidated within a familiar banking environment. Both IG and Lloyds Bank make it easy for UK investors to manage their retirement savings efficiently, ensuring a tailored approach to financial planning.

Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.

Mobile App

When comparing the mobile apps offered by IG and Lloyds Bank, both provide options for iPhone and Android users in the UK. IG's app takes a clear lead with a 5-star rating on UK.StockBrokers.com, securing the #2 spot out of 21 brokers for its mobile app offerings. In contrast, Lloyds Bank's mobile app receives a 3.5-star rating and is ranked #17 on the same list. This suggests that while both apps are readily accessible on popular smartphone platforms, IG delivers a superior user experience according to the ratings by UK.StockBrokers.com.

Dive deeper: Best Stock Trading Apps UK.

Beginners and Education

For those in the UK seeking beginner investment education, IG clearly outshines Lloyds Bank. IG offers a comprehensive range of resources, including live webinars that are available for on-demand viewing and cover essential topics like share trading and retirement, although they lack education on funds. Meanwhile, Lloyds Bank doesn't offer any webinars, whether live or archived, and lacks educational materials on share trading or retirement. Rated five stars by UK.StockBrokers.com, IG stands as the top choice for beginner education, ranking first out of 21 brokers. In contrast, Lloyds Bank garners a four-star rating and is placed at the 14th position, reflecting a narrower set of educational offerings.

Feature IG logoIG
Lloyds Bank logoLloyds Bank
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Education (Share Trading) info Yes No
Education (Funds) info No No
Education (Retirement) info Yes No
Education 5/5 Stars 4/5 Stars

Dive deeper: Best UK Trading Platforms for Beginners.

Market Research

When comparing IG and Lloyds Bank for market research features, both platforms provide research reports for funds, shares, and ETFs, making them useful for UK investors exploring a variety of investment options. However, there are notable differences in their offerings. IG excels with CFDs research, which Lloyds does not cover, whereas Lloyds Bank stands out with research capabilities for funds and bonds, areas where IG is lacking. Neither IG nor Lloyds Bank offer the ability to view portfolio allocation by asset class, so users will need to look elsewhere for that feature. Ultimately, if your focus is on funds and bonds, Lloyds Bank might be the better choice, while those interested in CFDs should consider IG.

Feature IG logoIG
Lloyds Bank logoLloyds Bank
Research - Shares info Yes Yes
Research - CFDs info Yes No
Research - ETFs info Yes Yes
Research - Bonds info No Yes
Research - Funds info No Yes
Fund Research - Research Reports info Yes Yes
Portfolio Allocation Breakdown info No No

IG vs Lloyds Bank Winner

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.

Feature IG logoIG
Lloyds Bank logoLloyds Bank
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 5/5 Stars 4.5/5 Stars
Investment Choices 4.5/5 Stars 5/5 Stars
Mobile App 5/5 Stars 3.5/5 Stars
Website 4.5/5 Stars 4/5 Stars
Ease of Use 4.5/5 Stars 3.5/5 Stars
Education 5/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with IG or Lloyds Bank?

Both IG and Lloyds Bank do not offer crypto trading options.

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Compare

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Overall Rating IG Lloyds Bank
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 5/5 Stars 4.5/5 Stars
Investment Choices 4.5/5 Stars 5/5 Stars
Mobile App 5/5 Stars 3.5/5 Stars
Website 4.5/5 Stars 4/5 Stars
Ease of Use 4.5/5 Stars 3.5/5 Stars
Education 5/5 Stars 4/5 Stars
Review IG Review Lloyds Bank Review
Winner check_circle
Investments IG Lloyds Bank
ISA info Yes Yes
SIPP info Yes Yes
Share Trading info Yes Yes
CFD Trading info Yes No
Funds info No Yes
ETFs info Yes Yes
Bonds - Corporate info No Yes
Bonds - Government (Gilts) info No Yes
Investment Trusts info Yes Yes
Spread Betting info Yes No
Crypto Trading info No No
Advisor Services info No Yes
Trading Fees IG Lloyds Bank
Minimum Deposit info £0 £0
Share Trading: 0-9 Deals/ Month info £0 info £8 - £11
Share Trading: 10-19 Deals/ Month info £0 info £8
Share Trading: 20+ Deals/ Month info £0 info £8
5 trades per year (£30k portfolio) info £0 £95
12 trades per year (£30k portfolio) info £0 £40 - £172
36 trades per year (£30k portfolio) info £0 £40 - £328
120 trades per year (£30k portfolio) info £0 £40 / £1,000
3 fund trades per year (£30k portfolio) info N/A £44.50
Annual Custody Fee: £0 - £250,000 info £0 / £96 info £40
Annual Custody Fee: £250K-£500K info £0 / £96 info £40
Annual Custody Fee: £500,000 - £1m info £0 / £96 info £40
Annual Custody Fee: £1m and over info £0 / £96 info £40
Bonds - Corporate - Fee info N/A £8 - £11
Bonds - Government (Gilts) - Fee info N/A £8 - £11
ETFs - Fee info £0 - £8 £8 - £11
Investment Trusts - Fee info £0 - £8 £8 - £11
Telephone Dealing Fee info £50 £35
Broker Screenshots IG Lloyds Bank
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Platforms & Tools IG Lloyds Bank
Web Platform info Yes Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 33 0
Charting - Drawing Tools info 19 0
Charting - Notes info Yes No
Charting - Display Corporate Events info Yes No
Charting - Stock Overlays info No No
Charting - Index Overlays info No No
Research IG Lloyds Bank
Research - Shares info Yes Yes
Research - CFDs info Yes No
Research - Funds info No Yes
Fund Research - Research Reports info Yes Yes
Research - ETFs info Yes Yes
Research - Bonds info No Yes
Portfolio Allocation Breakdown info No No
Education IG Lloyds Bank
Education (Share Trading) info Yes No
Education (Funds) info No No
Education (Retirement) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Overall Summary IG Lloyds Bank
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 5/5 Stars 4.5/5 Stars
Investment Choices 4.5/5 Stars 5/5 Stars
Mobile App 5/5 Stars 3.5/5 Stars
Website 4.5/5 Stars 4/5 Stars
Ease of Use 4.5/5 Stars 3.5/5 Stars
Education 5/5 Stars 4/5 Stars
Review IG Review Lloyds Bank Review
Winner check_circle
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