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Barclays vs Halifax 2023

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is Barclays better than Halifax? After scoring the best share dealing accounts across 46 different variables, Barclays is better than Halifax. Barclays Smart Investor offers average share dealing commissions (£6 per trade) alongside a good selection of research tools and education. However, there is no dedicated mobile app for share dealing, and the trading tools offered are just average.

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Overall RatingBarclaysHalifax
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 3.5/5 Stars 3/5 Stars
Offering of Investments 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 3/5 Stars
Research 4.5/5 Stars 4/5 Stars
Ease of Use N/A N/A
Education 4.5/5 Stars 3.5/5 Stars
Review
Winner check_circle
InvestmentsBarclaysHalifax
ISA Yes Yes
SIPP Yes Yes
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
Crypto Trading No No
Advisor Services Yes Yes
Trading FeesBarclaysHalifax
Minimum Deposit £0.0 £0.0
Share Trading: 0-9 Deals/ Month £6 £9.5
Share Trading: 10-19 Deals/ Month £6 £9.5
Share Trading: 20+ Deals/ Month £6 £9.5
5 trades per year (£30k portfolio) £60 £83.5
12 trades per year (£30k portfolio) £102 £150
36 trades per year (£30k portfolio) £246 £450
120 trades per year (£30k portfolio) £750 £1500
3 fund trades per year (£30k portfolio) £59 £64.5
Annual Custody Fee: £0 - £250,000 0.2% (minimum £48) £36
Annual Custody Fee: £250K-£500K 0.2% £36
Annual Custody Fee: £500,000 - £1m 0.2% £36
Annual Custody Fee: £1m and over 0.2% £36
Bonds - Corporate - Fee £6 £36
Bonds - Government (Gilts) - Fee £6 £9.5
ETFs - Fee £6 £9.5
Investment Trusts - Fee £3 £9.5
Telephone Dealing Fee £25 £25
Platforms & ToolsBarclaysHalifax
Web Platform Yes Yes
iPhone App Yes Yes
Android App Yes Yes
Stock Alerts Yes No
Charting - Indicators / Studies 68 83
Charting - Drawing Tools 16 17
Charting - Notes Yes Yes
Charting - Display Corporate Events No No
Charting - Stock Overlays No No
Charting - Index Overlays No No
ResearchBarclaysHalifax
Research - Shares Yes Yes
Research - CFDs No Yes
Research - Funds Yes Yes
Fund Research - Research Reports Yes No
Research - ETFs Yes Yes
Research - Bonds Yes Yes
Portfolio Allocation Breakdown Yes Yes
EducationBarclaysHalifax
Has Education - Share Trading Yes Yes
Has Education - Funds Yes Yes
Has Education - Retirement Yes Yes
Client Webinars Yes Yes
Client Webinars (Archived) Yes Yes
Overall SummaryBarclaysHalifax
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 3.5/5 Stars 3/5 Stars
Offering of Investments 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 3/5 Stars
Research 4.5/5 Stars 4/5 Stars
Ease of Use N/A N/A
Education 4.5/5 Stars 3.5/5 Stars
Review
Winner check_circle
  • check_box_outline_blankcheck_boxAJ Bell
  • check_box_outline_blankcheck_boxBarclays
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxDEGIRO
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFineco Bank
  • check_box_outline_blankcheck_boxFreetrade
  • check_box_outline_blankcheck_boxHalifax
  • check_box_outline_blankcheck_boxHargreaves Lansdown
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxInteractive Investor
  • check_box_outline_blankcheck_boxLloyds Bank
  • check_box_outline_blankcheck_boxSaxo Markets
  • check_box_outline_blankcheck_boxTrading 212
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Barclays vs Halifax Comparison

For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Barclays vs Halifax.

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, Barclays offers better pricing than Halifax 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 - Barclays would cost £60 per year, while Halifax would cost £83.5 per year.

12 trades per year - Barclays would cost £102 per year, while Halifax would cost £150 per year.

36 trades per year - Barclays would cost £246 per year, while Halifax would cost £450 per year.

120 trades per year - Barclays would cost £750 per year, while Halifax would cost £1500 per year.

3 fund trades per year - Barclays would cost £59 per year, while Halifax would cost £64.5 per year.

Which broker offers a wider range of investment options?

Both Barclays and Halifax offer ISA, SIPP, Share Trading, 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.

Which broker offers better research?

Our testing concluded that Barclays is better for research than Halifax. Barclays offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better?

To compare the trading platforms of both Barclays and Halifax, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, Barclays offers a better share dealing platform and Barclays offers a better stock app for mobile trading.

Overall winner: Barclays

Read Next: Best UK Trading Platforms 2022


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