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.
Your capital is at risk.
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.
UK investors comparing IG and Lloyds Bank will find both offer share trading and access to trading ETFs and investment trusts. However, IG distinguishes itself by providing CFD trading, a feature not available with Lloyds Bank. On the other hand, Lloyds stands out for its broader range of investment options, including funds, corporate bonds, and government bonds (gilts), alongside its advisor services, catering to a more comprehensive investing approach.
In terms of investment choices, UK.StockBrokers.com awards Lloyds Bank a perfect 5-star rating, positioning it 8th out of 21 brokers, while IG follows closely with a respectable 4.5 stars and an 11th place ranking. Both brokers have their unique strengths, with IG preferred for those interested in CFDs and Lloyds ideal for a wider variety of asset classes and advisory support.
| 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.
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.
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
|
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 | |||
| 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 | |
|---|---|---|---|
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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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