IG Investing App Expert Review: Best for a Mix Of Short & Long-Term Investing
Account: IG Invest
Description: IG’s investing app is a good choice if you're 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 cheap way for you to include physical shares and funds in your portfolio without the need for multiple accounts. Capital is at risk
Is IG Invest a Good Investing App?
You can invest with the IG app, but I would say it’s more of a trading app than an investing app. You can invest via 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 have both types of account in one place. But if you only want to invest (and not do higher-risk trading) then a dedicated investing app like Hargreaves Lansdown, AJ Bell or interactive investor would be a better choice.
Fees
IG charges a flat custody fee of £24 a quarter (£96 a year) for its general account. However, if you have more than £15,000 in a Smart Portfolio managed fund or you 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.
What is IG’s App Like to Use?
Pros
- Low-cost investing app
- UK & international shares
- Pre-made smart 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
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Research & Analysis
(5)
Overall
5Capital at risk
