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as of 24/02/2021 at 5:27 pm
IG had a good 2020. Charges remain competitive and performance of their 'ready-made' portfolios is typically good. It is a more complex solution and offers spread-betting which I personally struggle with. I just don't think that's a good retail option. However for those interested in markets, who want a low-cost ready-made option and then the chance to have a bit for a play on the side/ to learn - this is worth a look.
We score each provider on about 20 different criteria including cost, service, website, functionality, customer feedback and our experience of the service. All overseen by our PhD gonk!
Confident Investor
Share dealing is available
'Ready made' options too
Low cost
Don’t want to take our word for it? We ask existing customers and investors to rate their experience with the company – based on value for money, overall service and the website. We need at least 20 customer reviews before we add anyone to our Best Buys list.
Based on 12 reviews
Stocks and Shares ISA
Investment Account
Pension
Stocks and shares
Chosen for you
Robo advice / ready-made portfolios
Pick your own shares
Not one for our novice investors. IG is principally a share dealing platform, though there are also ready-made investment ‘Smart Portfolios’ available for those that want to have their investments managed for them.
For share traders it’s relatively low cost, at £24 per quarter for an ISA or share dealing account. You can't buy funds on the platform, apart from those that are listed – investment trusts and ETFs.
IG is more likely to suit investors who already know what they are doing, feel confident but like the idea of getting an expert to do the heavy lifting and monitoring. Share dealing and Smart Portfolios are available on the ‘Investments’ section of the website. It’s easy to get lost in the spread betting and CFD trading areas – higher risk investments and risky business. Not for your average Joe.
Provider Size: | Part of the IG Group, which is a FTSE 250 company. |
Minimum amounts: | £500 minimum initial investment into each IG Smart Portfolio |