IG vs Robinhood UK 2024

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.

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 Robinhood UK 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 £136 per year, while Robinhood UK would cost £0 per year.

12 trades per year - IG would cost £192 per year, while Robinhood UK would cost £0 per year.

36 trades per year - IG would cost £108 per year, while Robinhood UK would cost £0 per year.

120 trades per year - IG would cost £360 per year, while Robinhood UK would cost £0 per year.

3 fund trades per year - IG would cost £0 per year, while Robinhood UK would cost £0 per year.

IG requires a minimum deposit of £0, while Robinhood UK requires a minimum deposit of £0. From our testing we found for accounts between £0 - £250,000 IG charges annual custody fees of £0 / £96, while Robinhood UK charges annual custody fees of £0.

IG offers investors access to ISA, SIPP, Share Trading, CFD Trading, ETFs, Investment Trusts and Spread Betting, while Robinhood UK offers investors access to Share Trading. Neither have Funds, Bonds - Corporate, Bonds - Government (Gilts), Crypto Trading and Advisor Services. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Self-invested personal pensions (SIPPs) and individual savings accounts (ISAs) are tax-advantaged savings accounts that are an important tool for many individual investors. You can read more about how these accounts operate at Gov.UK: Click here for SIPP information and here for ISA information. Our analysis finds that IG offers traders access to SIPP and ISA accounts, while Robinhood UK offers traders access to neither of these accounts.

In our analysis of top brokers for share dealing in the U.K., we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum, which is still a somewhat rare offering amongst major U.K. brokers. Our review finds that neither IG nor Robinhood UK offer crypto investing.

Our testing concluded that the website of IG is better than the website of Robinhood UK. IG offers more functionality, is cleanly designed, and is, overall, easier to use for beginners and casual investors.

To compare the trading platforms of both IG and Robinhood UK, we tested each broker's stock trading app. All features compared, our analysis finds that IG offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.

Educational offerings are of particular importance to those who are newer to investing, and we examine the availability of several different types of educational materials in our analysis. Our research finds that IG offers traders access to Client Webinars, Client Webinars (Archived), Education (Share Trading) and Education (Retirement), while Robinhood UK offers access to Education (Share Trading). Neither have Education (Funds).