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AJ Bell vs Lloyds Bank 2024

StockBrokers.com

Written by StockBrokers.com

February 01, 2024

Is AJ Bell better than Lloyds Bank? After scoring the best share dealing accounts across 46 different variables, our analysis finds that AJ Bell is better than Lloyds Bank. 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 Lloyds Bank
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 4/5 Stars 4/5 Stars
Investment Choices 5/5 Stars 4.5/5 Stars
Mobile App 4.5/5 Stars 3.5/5 Stars
Website 5/5 Stars 4/5 Stars
Ease of Use 4.5/5 Stars 4/5 Stars
Education 5/5 Stars 3.5/5 Stars
Review AJ Bell Review Lloyds Bank Review
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Investments AJ Bell Lloyds Bank
ISA info Yes Yes
SIPP info Yes No
Share Trading info Yes Yes
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 No
Trading Fees AJ Bell Lloyds Bank
Minimum Deposit info £0.0 £0.0
Share Trading: 0-9 Deals/ Month info £5 £8, £10, £11
Share Trading: 10-19 Deals/ Month info £3.50 £8
Share Trading: 20+ Deals/ Month info £3.50 £8
5 trades per year (£30k portfolio) info £67 £40 - £95
12 trades per year (£30k portfolio) info £102 £40 - £172
36 trades per year (£30k portfolio) info £222 £40 - £412
120 trades per year (£30k portfolio) info £462 £40 - £1084
3 fund trades per year (£30k portfolio) info £79.5 £40 - £44.50
Annual Custody Fee: £0 - £250,000 info £0 - £625 £40
Annual Custody Fee: £250K-£500K info £625 - £875 £40
Annual Custody Fee: £500,000 - £1m info £875 £40
Annual Custody Fee: £1m and over info £875 £40
Bonds - Corporate - Fee info £5 £8, £10, £11
Bonds - Government (Gilts) - Fee info £5 £8, £10, £11
ETFs - Fee info £5 £8, £10, £11
Investment Trusts - Fee info £5 £8, £10, £11
Telephone Dealing Fee info £29.95 £35
Broker Screenshots AJ Bell Lloyds Bank
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Platforms & Tools AJ Bell Lloyds Bank
Web Platform info Yes Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes No
Charting - Indicators / Studies info 0 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 Lloyds Bank
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 Lloyds Bank
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 Lloyds Bank
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 4/5 Stars 4/5 Stars
Investment Choices 5/5 Stars 4.5/5 Stars
Mobile App 4.5/5 Stars 3.5/5 Stars
Website 5/5 Stars 4/5 Stars
Ease of Use 4.5/5 Stars 4/5 Stars
Education 5/5 Stars 3.5/5 Stars
Review AJ Bell Review Lloyds Bank Review
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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 Lloyds Bank.

AJ Bell vs Lloyds Bank Comparison

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

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 Lloyds Bank a good broker?

It's easy for current Lloyds Bank customers to open a Lloyds Bank Share Dealing investment account. But there are other platforms that are easier, more comprehensive and cheaper to use, including Halifax, which is also owned by Lloyds Banking Group.

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, Lloyds Bank 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 £67 per year, while Lloyds Bank would cost £40 - £95 per year.

12 trades per year - AJ Bell would cost £102 per year, while Lloyds Bank would cost £40 - £172 per year.

36 trades per year - AJ Bell would cost £222 per year, while Lloyds Bank would cost £40 - £412 per year.

120 trades per year - AJ Bell would cost £462 per year, while Lloyds Bank would cost £40 - £1084 per year.

3 fund trades per year - AJ Bell would cost £0.0 per year, while Lloyds Bank would cost £0.0 per year.

query_stats What type of trader are you?

Our guides can help you choose the right broker for you and the way you trade: whether you consider yourself an investing beginner, a more experienced active trader, or a mobile-first trading enthusiast.

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

AJ Bell requires a minimum deposit of £0.0, while Lloyds Bank requires a minimum deposit of £0.0. From our testing we found for accounts between £0 - £250,000 AJ Bell charges annual custody fees of £0 - £625, while Lloyds Bank charges annual custody fees of £40.

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 Lloyds Bank offers investors access to ISA, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts. Neither have CFD Trading, Spread Betting, Crypto Trading and Advisor Services. 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 Lloyds Bank 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 AJ Bell offers traders access to SIPP and ISA accounts, while Lloyds Bank offers traders access to ISA accounts.

Do AJ Bell and Lloyds Bank 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 Lloyds Bank 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 Lloyds Bank. 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 Lloyds Bank, 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 Lloyds Bank 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 Lloyds Bank offers access to neither of these.

Overall winner: AJ Bell

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