Good Money Guide Review
Product Name: IG Investing App
Product Description: IG’s investing app is a good choice if you are a regular trader and are more interested in high-risk products like CFDs and spread betting but also want to invest in the long-term. IG’s app offers a very cheap way for you to include physical shares and funds in your portfolio without the need to run multiple accounts.
Capital at risk
Is IG a good investing app?
You can invest with the IG app, but I would say it is more of a trading app than an investing app. IG offer to invest in a GIA, ISA and SIPP account, which can be used on mobile. If you like to trade and invest, then IG is a good choice to use as an investing app so you can have both types of accounts in one place. But, if you only want to invest (and not do higher-risk trading) then a stand-alone investing app like Hargreaves Lansdown, AJ Bell or Interactive Investor would be more appropriate.
Fees: IG charges a flat custody fee of £24 a quarter (£96 a year) for general investing accounts. However, if you have more than £15,000 in a Smart Portfolio managed fund or place over three trades per quarter that fee is waived. Standard dealing fees are £8 for UK and £10 for US shares. Smart Portfolio fees are 0.5% – capped at £250 per year. Fund management charges are 0.13% and transaction costs are 0.09%.
Special Offer:
- Free US stock investing – There is zero commission on US share trades and just £3 on UK share trades when you trade three or more times a month.
Investing App:
Pros
- Low-cost investing account
- UK & international shares
- Pre-made portfolios
Cons
- Also provides access to high risk investment products
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Pricing
(5)
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Market Access
(5)
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Online Platform
(5)
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Customer Service
(5)
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Research & Analysis
(5)
Overall
5- Expert opinion: IG reviewed & rated