Our UK.StockBrokers.com team spent seven months and hundreds of hours assessing 12 different share dealing accounts
for buying shares online in the UK. In total, 124 individual variables were assessed. For this review, we will compare IG Group vs Lloyds Bank.
To start this comparison, first, we will take a look at the fees charged for dealing in the UK. It's important to note that not only is there the cost to place the trade, but most share dealing brokers also charge a monthly, quarterly, or annual management fee depending on the type and size of your portfolio. We assessed both to provide a single star rating for cost. IG Group's score is 4.50 stars versus Lloyds Bank's 4.00 stars.
Cost aside, we can now turn our focus to popular tools and features investors prefer in the UK. Account access is certainly at the top of the list, and Lloyds Bank provides its clients with ISA and SIPP while IG Group provides clients access to ISA, SIPP and Spread Betting. Looking at charting, the number of drawing tools and total technical indicators made available are important as well as stock alerts. IG Group offers its clients access to 19 charting tools while Lloyds Bank has 1 charting tools, a difference of 18. IG Group trails Lloyds Bank by 17 total different indicators (for example, moving averages), with Lloyds Bank offering 43 and IG Group offering 26. Both IG Group and Lloyds Bank offer basic stock alerts. Finally, for conducting research while share dealing, having access to mutual fund research reports is also helpful. Neither IG Group and Lloyds Bank offer fund research reports.
Overall, between IG Group and Lloyds Bank, IG Group is the winner
IG Group Review
Lloyds Bank Review