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Halifax vs AJ Bell Youinvest 2020

StockBrokers.com | January 23rd, 2020

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Is AJ Bell Youinvest better than Halifax? After ranking 12 UK brokerages who all offer share dealing in our 2019 review, AJ Bell Youinvest is better than Halifax. AJ Bell Youinvest charges £9.95 per trade and a discounted £4.95 per trade for investors who place over ten trades a month. AJ Bell offers high-quality research driven by Morningstar as well as an impressive mobile app. Conversely, AJ Bell offers an average trading platform and basic education resources.

Overall Rating

Feature Halifax AJ Bell Youinvest
Overall 3.5 4
Halifax Review AJ Bell Youinvest Review

Trading Fees

Feature Halifax AJ Bell Youinvest
Share Trading: 0-9 Deals/ Month
 £12.50 £9.95
Share Trading: 10-19 Deals/ Month
 £12.50 £4.95
Share Trading: 20+ Deals/ Month
 £12.50 £4.95
Annual Custody Fee: £0 - £250,000*
 £0 0.25% (Max £7.50 per quarter)
Bonds - Government (Gilts) - Fee
 £25.00 £9.95
ETFs - Fee
 £12.50 £9.95
Investment Trusts - Fee
 £12.50 £9.95
Telephone Dealing Fee*
 £25.00 £29.95
Commissions & Fees 3 4
Winner check_circle

Platforms & Tools

Feature Halifax AJ Bell Youinvest
Desktop Platform (Windows)
 No No
Web Platform
 Yes Yes
iPhone App
 No Yes
Android App
 No Yes
Stock Alerts
Yes No
Charting - Indicators / Studies
 91 10
Charting - Drawing Tools
 17 1
Charting - Notes
 No No
Charting - Display Corporate Events
 Yes Yes
Charting - Stock Overlays
 No Yes
Platform & Tools 3.5 3
Winner check_circle

Research

Feature Halifax AJ Bell Youinvest
Research - Shares
 Yes Yes
Research - CFDs
 No No
Research - Funds
 Yes Yes
Fund Research - Research Reports
 No Yes
Research - ETFs
 Yes Yes
Research - Bonds
 Yes Yes
Portfolio Allocation Breakdown
 Yes Yes
Research 4 4
Winner check_circle

Investments

Feature Halifax AJ Bell Youinvest
Share Trading
 Yes Yes
CFD Trading
 No No
Funds
 Yes Yes
ETFs
 Yes Yes
Bonds - Corporate
 Yes Yes
Bonds - Government (Gilts)
 Yes Yes
Investment Trusts
 Yes Yes
Spread Betting
 No No
Advisor Services
 Yes No
Offering of Investments 4 3
Winner check_circle

Education

Feature Halifax AJ Bell Youinvest
Has Education - Share Trading
 Yes Yes
Has Education - Funds
 Yes Yes
Has Education - Retirement
 Yes Yes
Client Webinars
 No No
Client Webinars (Archived)
 No Yes
Education 3.5 3.5

Overall

Feature Halifax AJ Bell Youinvest
Halifax Review AJ Bell Youinvest Review
Overall 3.5 4
Winner check_circle
To find a right broker for share dealing, we spent seven months and hundreds of hours of assessing 12 different share dealing brokers based in the UK. Here, we will focus on two brokers and compare AJ Bell Youinvest vs Halifax.

Our comparison begins with the fees charged for dealing shares in the UK and being a client. The two main charges to focus on include the cost to place each trade alongside the monthly, quarterly, or annual management fee charged (varies depending on the type and size of your portfolio). We researched both to provide a single star rating for cost. AJ Bell Youinvest's score is 4.00 stars versus Halifax's 3.00 stars.

Further breaking down costs, we analyzed four different trading scenarios. For all four scenarios, we are assuming a £30,000 portfolio for custody fees.

Scenario 1 - 12 trades per year, or 1 trade per month. Halifax charges £150 and AJ Bell Youinvest charges £149.40.

Scenario 2 - 3 trades per month, for a total of 36 trades per year. Halifax would charge £450 while AJ Bell Youinvest would charge £388.20.

Scenario 3 - 120 trades per year, or 10 trades per month. AJ Bell Youinvest charges £624 and Halifax charges £1500.

Scenario 4 - 240 trades per year, or 20 trades per month. Halifax charges £3000 and AJ Bell Youinvest charges £1218.

Account charges aside, we can now compare features and tools investors want in their share dealing accounts. Access to the investments is important, and Halifax provides its clients with ISA and SIPP while AJ Bell Youinvest provides clients access to ISA, ISA - Junior, SIPP and SIPP - Junior. Also, some investors require a high-quality charting experience, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. Halifax offers its clients access to 17 charting tools while AJ Bell Youinvest has 1 charting tools, a difference of 16. AJ Bell Youinvest trails Halifax by 81 total different indicators (for example, moving averages), with Halifax offering 91 and AJ Bell Youinvest offering 10. Halifax offers basic stock alerts while AJ Bell Youinvest does not. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. AJ Bell Youinvest has fund research reports, Halifax doesn't.

Overall, between AJ Bell Youinvest and Halifax, AJ Bell Youinvest is the winner.

AJ Bell Youinvest Review
Halifax Review

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All pricing data was obtained from a published web site as of 01/15/2020 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.

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