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IG vs Lloyds Bank 2020

Your capital is at risk.
Is IG better than Lloyds Bank? After scoring the best share dealing accounts across 46 different variables, IG is better than Lloyds Bank. IG delivers a winning share dealing experience by combining excellent trading tools and competitive commissions (£5.00 - £8.00 per trade) with a user-friendly mobile app. Our testing found that IG excels with its trading platform, which includes excellent charting, screening, and technical analysis.

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Overall Rating

Feature IG Lloyds Bank
Overall 4.5 3.5
IG Review Lloyds Bank Review

Trading Fees

Feature IG Lloyds Bank
Share Trading: 0-9 Deals/ Month
£3 to £8 8 to 11
Share Trading: 10-19 Deals/ Month
£3.00 £8.00
Share Trading: 20+ Deals/ Month
£3.00 £8.00
Annual Custody Fee: £0 - £250,000
£96 (can reduce by trading) £40 (flat)
Bonds - Government (Gilts) - Fee
N/A £11.00
ETFs - Fee
£8.00 £11.00
Investment Trusts - Fee
£8.00 £11.00
Telephone Dealing Fee
£40.00 £35.00
Commissions & Fees 4.5 3.5
Winner check_circle

Platforms & Tools

Feature IG Lloyds Bank
Desktop Platform (Windows)
Yes No
Web Platform
Yes Yes
iPhone App
Yes No
Android App
Yes No
Stock Alerts
Yes Yes
Charting - Indicators / Studies
30 83
Charting - Drawing Tools
19 17
Charting - Notes
Yes Yes
Charting - Display Corporate Events
Yes No
Charting - Stock Overlays
Yes No
Platform & Tools 4.5 3.5
Winner check_circle

Research

Feature IG Lloyds Bank
Research - Shares
Yes Yes
Research - CFDs
Yes No
Research - Funds
Yes Yes
Fund Research - Research Reports
No No
Research - ETFs
Yes Yes
Research - Bonds
No Yes
Portfolio Allocation Breakdown
No Yes
Research 4 4
Winner check_circle

Investments

Feature IG Lloyds Bank
Share Trading
Yes Yes
CFD Trading
Yes No
Funds
Yes Yes
ETFs
Yes Yes
Bonds - Corporate
No Yes
Bonds - Government (Gilts)
No Yes
Investment Trusts
Yes Yes
Spread Betting
Yes No
Advisor Services
No Yes
Offering of Investments 4 4
Winner check_circle

Education

Feature IG Lloyds Bank
Has Education - Share Trading
Yes Yes
Has Education - Funds
No Yes
Has Education - Retirement
No Yes
Client Webinars
Yes No
Client Webinars (Archived)
Yes No
Education 4 3.5

Overall

Feature IG Lloyds Bank
IG Review Lloyds Bank Review
Overall 4.5 3.5
Winner check_circle

For our 2020 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare IG vs Lloyds Bank.

Which broker is less expensive?

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.

1 Trade Per Month - IG is cheaper. IG would only cost £96 each year while Lloyds Bank would cost £172.

3 Trades Per Month - IG is less expensive under this scenario. IG would cost £108 per year while Lloyds Bank would cost £436.

10 Trades Per Month - IG is the better choice. Annual fees with IG would total £360, while annual fees with Lloyds Bank would be £1000.

20 Trades Per Month - IG costs less in this scenario. Total annual costs with IG would equal £720, while Lloyds Bank would equal £1960.

Which broker offers a wider range of investment options?

IG offers a more diverse selection of investment options than Lloyds Bank. IG offers investors access to ETFs, Funds, ISA, SIPP and Share Trading. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Which platform offers better research?

Our testing concluded that IG is better for research than Lloyds Bank. IG offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better?

To compare the trading platforms of both IG and Lloyds Bank, we tested each broker's trading tools and share dealing app. All features compared, IG offers a better share dealing platform.

Overall, between IG and Lloyds Bank, IG is the winner.

IG Review
Lloyds Bank Review

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All pricing data was obtained from a published web site as of 01/15/2020 and is believed to be accurate, but is not guaranteed. The UK.StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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