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 £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.
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.
When comparing IG and Lloyds Bank, both online platforms offer share trading in the UK, allowing individuals easy access to this popular investment sector. While both brokers provide the option to trade in ETFs and investment trusts, only IG opens the door to CFD trading, catering to those interested in leveraging financial positions. In contrast, Lloyds Bank shines with a broader spectrum of investment offerings—enabling customers to trade funds, corporate bonds, and government bonds (gilts). Notably, Lloyds Bank also extends advisory services to its clients, adding a personal touch for investors who seek professional guidance.
Despite their differences, both platforms bring quality to the investment table as reflected in user ratings. IG is esteemed with a 4.5-star rating by UK.StockBrokers.com, though Lloyds Bank edges slightly ahead with a prestigious 5-star endorsement. When it comes to overall ranking among other UK brokers, IG claims the 11th spot, whereas Lloyds Bank stands at the 8th position for investment choices. Ultimately, the choice between these brokers often depends on the investor's specific needs and preference for either IG's innovative CFD offering or Lloyds Bank's extended array of investment options and advisory services.
| 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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Low-cost US and UK shares.
Professional’s Gateway to the World’s Markets.
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
|
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 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.
Both IG and Lloyds Bank offer mobile apps for iPhone and Android devices, catering to the needs of their tech-savvy customers. However, when it comes to user ratings and rankings, IG stands out significantly. UK.StockBrokers.com rates IG's mobile app at 5 stars, placing it at a commendable #2 out of 18 brokers for mobile apps. In contrast, Lloyds Bank's app receives a rating of 3.5 stars, ranking much lower at #17. For UK investors looking for a better mobile trading experience, IG proves to be the superior choice.
Dive deeper: Best Stock Trading Apps UK.
For beginners diving into investing, IG stands out by offering a comprehensive educational experience compared to Lloyds Bank. IG provides live webinars as well as archived versions for on-demand viewing, covering crucial topics like share trading and retirement planning. In contrast, Lloyds Bank does not offer educational webinars and lacks content on these critical investing subjects. Both brokers do not offer educational content about funds. IG's commitment to educating novices earns it a 5-star rating from UK.StockBrokers.com, securing the top spot among 18 brokers. Meanwhile, Lloyds Bank garners a 4-star rating, placing it at a distant 14th position in the same ranking.
| 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 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
|
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 | £8 - £11 | |
| Share Trading: 10-19 Deals/ Month | £0 | £8 | |
| Share Trading: 20+ Deals/ Month | £0 | £8 | |
| 5 trades per year (£30k portfolio) | £0 | £95 | |
| 12 trades per year (£30k portfolio) | £0 | £40 - £172 | |
| 36 trades per year (£30k portfolio) | £0 | £40 - £328 | |
| 120 trades per year (£30k portfolio) | £0 | £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 | £8 - £11 | |
| Investment Trusts - Fee | £0 - £8 | £8 - £11 | |
| Telephone Dealing Fee | £50 | £35 |
| Broker Screenshots | IG | Lloyds Bank | |
|---|---|---|---|
| Website Gallery (click to expand) |
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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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