Which is better IG or Interactive Brokers?
While both brokers provide quality education, Interactive Brokers maintains the superior choice in this category, as it maintains more in-depth resources and a higher quantity of quality content. The minimum deposit at IG Markets is $250, higher than at many brokers.
Is Interactive Brokers better than IG? After scoring the best share dealing accounts across 46 different variables, our analysis finds that Interactive Brokers is better than IG. Interactive Brokers is a sophisticated trading platform aimed at confident and institutional-grade investors.
Interactive Brokers is recommended for traders looking for broad market access and a professional trading environment. Saxo Bank is recommended for investors and traders looking for a great trading platform and solid research. DEGIRO is recommended for traders and investors looking for execution only.
A trusted multi-asset broker, IG is publicly traded and regulated across the globe. Its fantastic all-around experience has us ranking IG as the best overall broker.
Interactive Brokers has always been a great choice for active traders, especially those who can move into the broker's cheaper volume-pricing setup. With the availability of free trades through IBKR Lite, even casual traders might find Interactive Brokers a strong contender.
Charges and fees
IG charges £10 to buy and sell U.S. stocks, although this is reduced to zero if you place more than three trades a month. To trade U.K. stocks, IG charges £8, reduced to £3 if you trade more than three times a month. The £3 fee is far cheaper than many other U.K. brokers.
"Because Interactive Brokers' core clientele are professional traders and institutional investors (e.g., hedge funds), it is crucial to provide the lowest commissions schedule available. In our rigorous assessment, there is no question Interactive Brokers delivers."
According to our research, Fidelity Investments is the best overall online brokerage platform due to its low cost, industry-leading full-service features, powerful tools, and so much more.
Our Insured Bank Deposit Sweep Program allows eligible IBKR clients to obtain up to $2,500,000 of FDIC insurance4 in addition to existing $250,000 SIPC coverage4 for total coverage of $2,750,000. Clients continue earning the same competitive interest rates1 currently applied to cash held in IBKR accounts.
Best Overall - Zerodha
Zerodha, a top discount broker, excels in trading and demat account services. Positive reviews, a user-friendly interface, affordable fees, diverse investment options, and useful features like technical indicators and advanced charting tools make it the best choice overall.
What platform do billionaires use to buy stocks?
Interactive Brokers: Known for its advanced trading tools and low fees, Interactive Brokers is favored by many experienced traders, including billionaires. Its robust features allow for customization and execution of complex trading strategies.
This means that we're not allowed to use them in the course of our business activities, and that client money and assets are completely ring-fenced and protected in the unlikely event that we became insolvent. We're authorised and regulated by the Financial Conduct Authority (FCA).
IG's web trading platform is great for both beginners and professional traders. It is easy to use, has all the necessary functions and can be customized. You can use either IG's own trading platform or MetaTrader 4, a third-party trading platform.
Interactive Brokers US stock fees are less than half of the industry average. US stock fees are calculated as follows: Fixed pricing: $0.005 per share, min. $1, max. 1% of trade value.
Your assets are held in an Interactive Brokers LLC brokerage account in your own name. Interactive Brokers LLC is a member of the Securities Investor Protection Corporation (SIPC).
Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite.
Although you won't have to pay stamp duty on either product, with CFD trading, any profits may be subject to capital gains tax (CGT). The amount you pay is dependent on income. If you're a basic rate taxpayer, you'll be taxed at 10% and if you're a higher rate taxpayer, you'll pay 20%.
Its decades of operation, reputation, and requirements as a publicly traded company mean IG is considered a safe broker to hold client assets, including cash money. IG holds your funds across a variety of banks and collectively services over 190,000 active clients as of its latest annual report for 2023.
You'll pay a monthly fee for live share prices from an exchange, whether that's to trade share CFDs or buy and sell shares via a share dealing account. You'll pay £30 a month to subscribe to advanced charts from popular third-party provider ProRealTime. You'll get a refund if you place four or more trades a month.
- Interactive Brokers.
- SoFi Active Investing.
- E*TRADE.
- TradeStation.
- ZacksTrade.
- Firstrade.
- Ally Invest.
- Webull.
What is the best stock broker in USA?
| Stock Broker | Overall | Commissions & Fees |
|---|---|---|
| Fidelity | 99 | 100 |
| E*TRADE | 97 | 90 |
| Charles Schwab | 97 | 90 |
| Merrill Edge | 94 | 90 |
💻 When it comes to its web platform, Interactive Brokers might suit the needs of beginners: User-friendly. Clear fee report. Two-step (safer) login. Overall, this platform may be an optimal choice for beginners.
Paper trading, or virtual trading, is a trading platform feature that enables the trading of stocks, ETFs, and options with virtual currency (fake money). This helpful learning tool is popular with beginners and is a great way to practice stock trading without risking real money.
- Best Broker for Beginners: Fidelity.
- Best Broker for Investor Education: Charles Schwab.
- Best Broker for Customer Service: Charles Schwab.
- Best Broker for Ease of Trading Experience: E*TRADE.
The largest brokerage firms are household names: Vanguard, Charles Schwab, Fidelity, Bank of America (specifically Merrill Lynch), and J.P. Morgan each manage trillions of assets and millions of accounts. Vanguard alone has $8.2 trillion assets under management (AUM) as of July 31, 2023.
