After seven months and hundreds of hours of researching 12 different share dealing brokers
, the UK.StockBrokers.com team collected thousands of data points. To focus on two brokers, we will now compare Alliance Trust Savings vs Lloyds Bank.
First, we will compare the fees charged for dealing in the UK. There are two primary fees: the cost to place each trade and the monthly, quarterly, or annual management fee charged which varies depending on the type and size of your portfolio. We researched both to provide a single star rating for cost. Both Alliance Trust Savings and Lloyds Bank share a rating of 4.00 stars.
Cost aside, we can now compare popular features and tools investors prefer. Access to the investments you want is important, and Lloyds Bank offers clients ISA and SIPP while Alliance Trust Savings offers ISA, ISA - Junior, SIPP and SIPP - Junior. Next, some traders desire robust charting, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. Both Alliance Trust Savings and Lloyds Bank provide clients with access to 1 total charting tools. Lloyds Bank offers its clients access to 43 different indicators (for example, volume) while Alliance Trust Savings has 10 available indicators, a difference of 33. Lloyds Bank makes basic stock alerts available to clients, while Alliance Trust Savings does not. Finally, for researching funds while share dealing, having access to mutual fund research reports is also helpful. Alliance Trust Savings makes fund research reports available to clients, while Lloyds Bank does not.
Overall, between Alliance Trust Savings and Lloyds Bank, Alliance Trust Savings is the winner
Alliance Trust Savings Review
Lloyds Bank Review