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AJ Bell vs Halifax 2024

StockBrokers.com

Written by StockBrokers.com

August 06, 2024

Is AJ Bell better than Halifax? After scoring the best share dealing accounts across 46 different variables, our analysis finds that AJ Bell is better than Halifax. You can invest in an extensive range of investments through AJ Bell. Charges are on the high side for those with large portfolios in mutual funds and those looking to execute one-off share deals; but its new app, called Dodl, offers much lower fees and also offers a more slim-lined and user-friendly service. Educational and research materials are strong, too.

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Compare

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Overall Rating AJ Bell Halifax
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 4.5/5 Stars 4.5/5 Stars
Investment Choices 5/5 Stars 5/5 Stars
Mobile App 4/5 Stars 3.5/5 Stars
Website 5/5 Stars 4/5 Stars
Ease of Use 5/5 Stars 3.5/5 Stars
Education 5/5 Stars 3.5/5 Stars
Review AJ Bell Review Halifax Review
Winner check_circle
Investments AJ Bell Halifax
ISA info Yes Yes
SIPP info Yes Yes
Share Trading info Yes No
CFD Trading info No No
Funds info Yes Yes
ETFs info Yes Yes
Bonds - Corporate info Yes Yes
Bonds - Government (Gilts) info Yes Yes
Investment Trusts info Yes Yes
Spread Betting info No No
Crypto Trading info No No
Advisor Services info No Yes
Trading Fees AJ Bell Halifax
Minimum Deposit info £0 £0
Share Trading: 0-9 Deals/ Month info £5 £9.50
Share Trading: 10-19 Deals/ Month info £3.50 £9.50
Share Trading: 20+ Deals/ Month info £3.50 £9.50
5 trades per year (£30k portfolio) info £100 £83.50
12 trades per year (£30k portfolio) info £135 £150
36 trades per year (£30k portfolio) info £255 £378
120 trades per year (£30k portfolio) info £495 £1,176
3 fund trades per year (£30k portfolio) info £79.50 £64.50
Annual Custody Fee: £0 - £250,000 info £0 - £625 £36
Annual Custody Fee: £250K-£500K info £625 - £875 £36
Annual Custody Fee: £500,000 - £1m info £875 £36
Annual Custody Fee: £1m and over info £875 £36
Bonds - Corporate - Fee info £5 £9.5
Bonds - Government (Gilts) - Fee info £5 £9.5
ETFs - Fee info £5 £9.5
Investment Trusts - Fee info £5 £9.5
Telephone Dealing Fee info £25 £25
Broker Screenshots AJ Bell Halifax
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Platforms & Tools AJ Bell Halifax
Web Platform info Yes Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 31 0
Charting - Drawing Tools info 8 0
Charting - Notes info No No
Charting - Display Corporate Events info Yes No
Charting - Stock Overlays info Yes No
Charting - Index Overlays info Yes No
Research AJ Bell Halifax
Research - Shares info Yes Yes
Research - CFDs info No No
Research - Funds info Yes Yes
Fund Research - Research Reports info Yes No
Research - ETFs info Yes Yes
Research - Bonds info Yes Yes
Portfolio Allocation Breakdown info Yes No
Education AJ Bell Halifax
Education (Share Trading) info Yes No
Education (Funds) info Yes No
Education (Retirement) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Overall Summary AJ Bell Halifax
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 4.5/5 Stars 4.5/5 Stars
Investment Choices 5/5 Stars 5/5 Stars
Mobile App 4/5 Stars 3.5/5 Stars
Website 5/5 Stars 4/5 Stars
Ease of Use 5/5 Stars 3.5/5 Stars
Education 5/5 Stars 3.5/5 Stars
Review AJ Bell Review Halifax Review
Winner check_circle
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Comparing online share dealing platforms side by side is no small task. For our 2024 review of U.K. brokers, more than 900 data points were collected over a 10-week period and used to score each broker. Let’s compare AJ Bell and Halifax.

AJ Bell vs Halifax Comparison

For our 2024 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare AJ Bell vs Halifax.

Is AJ Bell a good broker?

You can invest in an extensive range of investments through AJ Bell. Charges are on the high side for those with large portfolios in mutual funds and those looking to execute one-off share deals; but its new app, called Dodl, offers much lower fees and also offers a more slim-lined and user-friendly service. Educational and research materials are strong, too.

Is Halifax a good broker?

If you are already a Halifax bank customer, it may be worth signing up to Halifax online share dealing for simplicity. The charges are in line with some other brokers, but more expensive than others. If you have a large investment portfolio you may benefit from the low annual management fee of £36. If you are new to Halifax, there may be a better platform for you that is cheaper and easier to open.

Which broker is less expensive?

Alongside the cost per trade, most UK online brokers also charge a monthly, quarterly, or annual management fee, which varies based on the account type and balance. Based on our thorough review, Halifax offers better pricing than AJ Bell for share dealing.

Assuming a £30,000 portfolio size, here are the total annual costs for share dealing with both brokers, given different monthly activity scenarios.

5 trades per year - AJ Bell would cost £100 per year, while Halifax would cost £83.50 per year.

12 trades per year - AJ Bell would cost £135 per year, while Halifax would cost £150 per year.

36 trades per year - AJ Bell would cost £255 per year, while Halifax would cost £378 per year.

120 trades per year - AJ Bell would cost £495 per year, while Halifax would cost £1,176 per year.

3 fund trades per year - AJ Bell would cost £0 per year, while Halifax would cost £0 per year.

query_stats What type of trader are you?

New to the world of investing? See my picks for the best UK trading platforms for beginners. More experienced traders should check out my guide to the best UK Trading Platforms for Active Traders. If you're looking to trade shares on the go, read my guide to the best UK stock trading apps.

How do AJ Bell and Halifax compare in terms of minimum deposits required?

AJ Bell requires a minimum deposit of £0, while Halifax requires a minimum deposit of £0. From our testing we found for accounts between £0 - £250,000 AJ Bell charges annual custody fees of £0 - £625, while Halifax charges annual custody fees of £36.

Which broker offers a wider range of investment options?

AJ Bell offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts, while Halifax offers investors access to ISA, SIPP, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts and Advisor Services. Neither have CFD Trading, Spread Betting and Crypto Trading. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Do AJ Bell and Halifax offer ISA or SIPP accounts?

Self-invested personal pensions (SIPPs) and individual savings accounts (ISAs) are tax-advantaged savings accounts that are an important tool for many individual investors. You can read more about how these accounts operate at Gov.UK: Click here for SIPP information and here for ISA information. Our analysis finds that Both AJ Bell and Halifax offer SIPP and ISA accounts.

Do AJ Bell and Halifax offer cryptocurrency?

In our analysis of top brokers for share dealing in the U.K., we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum, which is still a somewhat rare offering amongst major U.K. brokers. Our review finds that neither AJ Bell nor Halifax offer crypto investing.

Which broker offers a better website experience?

Our testing concluded that the website of AJ Bell is better than the website of Halifax. AJ Bell offers more functionality, is cleanly designed, and is, overall, easier to use for beginners and casual investors.

Which stock trading app is better?

To compare the trading platforms of both AJ Bell and Halifax, we tested each broker's stock trading app. All features compared, our analysis finds that AJ Bell offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.

Do AJ Bell and Halifax offer educational resources?

Educational offerings are of particular importance to those who are newer to investing, and we examine the availability of several different types of educational materials in our analysis. Our research finds that AJ Bell offers traders access to Client Webinars, Client Webinars (Archived), Education (Share Trading), Education (Funds) and Education (Retirement), while Halifax offers access to neither of these.

Overall winner: AJ Bell

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