Low-cost US and UK shares. Foreign exchange fee of just 0.5% Visit Site ×
Stockbrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure

IG Review

Steve Miley

Steve Miley | October 21st, 2019

Overall Rating

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 features.

Top Takeaways for 2019

After spending over 100 hours testing nine online stock brokers for UK share dealing, here are our top findings on IG:

  • Founded in 1974, IG is publicly traded, has more than 195,000 active clients, and offers share dealing on 19 international exchanges.
  • IG offers competitive commissions of £5.00 - £8.00 per trade for all types of assets, including shares, ETFs, and trusts. Overall, IG finished second for pricing in our 2019 Review.
  • IG offers an excellent trading platform that competes head to head with industry leader Saxo Markets. Mobile is also robust and includes the most comprehensive charting package among all the brokers we tested in 2019.
  • While fundamental research is mixed, IG provides access to high-quality third-party tools such as Auto Chartist and Trading Central to provide traders actionable technical insights.
  • For beginners, IG offers an excellent education section, providing live sessions, weekly webinars, and trading courses. Additionally, the IG Community is a great way for traders to bounce ideas off each other and learn new trading patterns.

Promo Offer:

  • Low-cost US and UK shares. Foreign exchange fee of just 0.5% Visit Site

Overall Summary

FeatureIG
Overall 4.5 Stars
Offering of Investments 4 Stars
Commissions & Fees 4.5 Stars
Platform & Tools 4.5 Stars
Research 4 Stars
Education 4 Stars

Commissions & Fees

Overall, IG's share-dealing rates are less expensive than most of its closest competitors. Per trade rates are competitive and a majority of traders will pay $0 in custody fees.

Share dealing fees: IG markets offers a simple commissions structure. The commission per trade (stocks, ETFs) is £8 if the number of trades has been 0-9 in the previous month. If more than ten trades were made the previous month, the rate is only £5. The rate is also reduced to £5 per trade for clients that have at least two IG accounts (Share dealing, FSB, CFD or Smart Portfolio).

Custody Fee: IG charges a quarterly custody fee of £24 per quarter on its share dealing and ISA accounts. Any commissions paid during the quarter apply against this charge. Clients are exempt from this fee if they deal three times or more across any of their IG accounts. Clients are also exempt if they hold at least £15,000 across their IG Smart Portfolio accounts at the end of the quarter.

FeatureIG
Share Trading: 0-9 Deals/ Month£8.00
Share Trading: 10-19 Deals/ Month£5.00
Share Trading: 20+ Deals/ Month£5.00
Annual Custody Fee: £0 - £250,000*96
Annual Custody Fee: £250K-£500K*96
Annual Custody Fee: £500,000 - £1m*96
Annual Custody Fee: £1m and over*96
ETFs - Fee£8.00
Investment Trusts - Fee£8.00
Telephone Dealing Fee*£40.00

Platforms & Tools

Note: IG released a brand new browser-based trading platform in 2018. Unfortunately, as of October 2019, share dealing was not yet supported in the new platform; IG expects share dealing to launch in early 2020. In the meantime, clients have to use the legacy platform. While the platform is still robust, it relies on Flash for its charting package, which is no longer supported in modern browsers.

Charting: IG excels at charting. IG offers nine drawing tools and 22 technical indicators for its browser-based platform, while 19 drawing tools and 28 technical indicators are available on the mobile app. Charting highlights include the ability to trade directly from the chart, view open orders, add price alerts, display corporate events (e.g. earnings, dividends, splits), and even save custom layouts for future quick access.

Third-Party Technical Analysis: IG clients also have access to third-party technical analysis research and trading tools provided by Auto Chartist and Trading Central. Auto Chartist is a provider of automated trading signals and charting patterns, while Trading Central is a technical analysis report provider.

Mobile Trading: The IG Trading apps are user-friendly and offer many of the tools available on the main trading platform. Even better, watch lists and alerts can all be managed from the app and synch with the main platform.

Gallery

FeatureIG
Desktop Platform (Windows) Yes
Web Platform Yes
iPhone App Yes
Android App Yes
Stock Alerts Yes
Charting - Indicators / Studies28
Charting - Drawing Tools19
Charting - Notes Yes
Charting - Display Corporate Events Yes
Charting - Stock Overlays Yes
Charting - Index Overlays Yes

Research

IG does not offer as much fundamental data for areas like dividends and share performance, unlike competitors Hargreaves Lansdown and Barclays. However, IG's screening, technical analysis, and social / community research are all robust.

Standard quote pages have the following research segments: company news, client sentiment, trading activity, news and analysis, share price data, broker ratings, fundamentals, financials, and events, amongst others.

Social analysis: Some of IG's research data is unique to IG and quite useful. When researching a share, IG shows what percentage of customers bought or sold that share in the last week. IG also shows what other positions clients own, and what percentage of IG client accounts are bullish or bearish on the underlying stock.

IG Community: IG Community lets clients with live accounts discuss trading and markets together through blog posts and forums.

Market Screener: The Market Screener can screen individual stocks by 34 optional fundamental data points (e.g. market cap or dividend yield), 26 different countries, 28 indexes, and ten sectors.

IGTV: IG Live is a video presented three times a day – at 7.30 am, 10.30 am and at 4.00 pm – and offers a pre-open bulletin, live charting analysis, and a look ahead. There are also regular interviews with CEOs, which are available in an extensive video library also featuring market insights, technical analysis, and broader education. There are also sections for Trade of the Week, The Week Ahead, and Morning Call, all of which can be delivered via regular email alerts.

Gallery

FeatureIG
Research - Shares Yes
Research - CFDs No
Research - Funds Yes
Fund Research - Research Reports No
Research - ETFs Yes
Research - Bonds No
Portfolio Allocation Breakdown No

Offering of Investments

IG enables investors to trade over 9,000 shares across 19 international exchanges, ETFs, investment trusts, and funds. In addition to traditional share dealing accounts, SIPP and ISA accounts are also offered.

FeatureIG
Share Trading Yes
CFD Trading Yes
Funds Yes
ETFs Yes
Bonds - Corporate No
Bonds - Government (Gilts) No
Investment Trusts Yes
Spread Betting Yes
Advisor Services No

Education

IG offers education through IG Academy, which traders can access through IG's website or the IG Academy mobile app. IG Academy has online trading courses available that cover all levels of trading and take between 20-85 minutes to complete. Live sessions are offered every weekday, including weekly webinars.

Gallery

FeatureIG
Has Education - Share Trading Yes
Has Education - Funds No
Has Education - Retirement No
Client Webinars Yes
Client Webinars (Archived) Yes

Final Thoughts

Despite share dealing not yet being available on IG's brand new trading platform, IG provides a brilliant share dealing offering with competitive pricing.

IG's host of desirable features, including a market-leading charting package, extremely flexible trading tools, the impressive Market Screener, and a user-friendly mobile trading app make IG a top broker in the UK.

About IG

IG began life as an IG Index back in 1974, primarily as a vehicle for individual retail investors to speculate on the price of gold. IG was the world's first financial spread-betting company, and since then, the IG Index has retained its position as a market leader.

IG is a member of the FTSE 250 with a market capitalization of over £3.1 billion. IG is a truly global business, with a physical presence in 14 countries and more than 195,000 active clients. The company has always been at the forefront of innovation, which includes the establishment of the first online trading service back in 1998 and offering the first iPhone app in 2008.


Steve Miley

About the author: Steve Miley Steve Miley is Director of Research, Europe, for StockBrokers.com and heads the annual UK Share Dealing Broker Review. With 25 years of experience in institutional financial markets, Steve has won multiple Technical Analyst Magazine awards, including "Best Independent Fixed Income" and "Best FX Research." Alongside StockBrokers.com, Steve is the founder of The Market Chartist where he provides market research for institutional clients.

Compare Brokers

IG Competitors

Select one or more of these brokers to compare against IG.

All pricing data was obtained from a published web site as of 01/08/18 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.

arrow_drop_upBack to top