Barclays vs Halifax 2020

Our UK.StockBrokers.com team spent seven months and hundreds of hours assessing 12 different share dealing accounts for buying shares online in the UK. In total, 46 individual variables were assessed. For this review, we will compare Barclays vs Halifax.

Which broker is cheaper: Barclays or Halifax?

It's important to note that not only is there the cost to place the trade, but most share dealing brokers also charge a monthly, quarterly, or annual management fee depending on the type and size of your portfolio. We assessed both to provide a single star rating for cost. Barclays received a rating of 4.00 stars over 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.

1 Trade Per Month - Barclays only charges £132.00 while Halifax charges £150.00.

3 Trades Per Month - Barclays is cheaper under this scenario. Barclays would cost £276.00 while Halifax would cost £450.00.

10 Trades Per Month - Barclays is the cheaper option. Fees with Barclays would be £780.00 while fees with Halifax would be £1,500.00.

20 Trades Per Month - Barclays costs less in this case. Barclays charges £1,500.00 while Halifax charges £3,000.00.

The annual management fee for each broker, which is a percentage of total assets, is as follows under a £30,000 portfolio Halifax charges 0% while Barclays charges 0.2% (minimum £48).

Does Barclays or Halifax offer a wider range of investment options?

Halifax offers a more diverse selection of investment options than Barclays. Halifax offers investors access to Advisor Services, ETFs, Funds, ISA, SIPP, Share Trading and Bonds - Government (Gilts). Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Is Barclays or Halifax better for research?

Research helps traders analyze potential investments, examine market sentiment, and learn about companies on a high-level. 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: Barclays or Halifax?

To compare the trading platforms of both Barclays and Halifax, we tested each broker's trading tools. Overall, Barclays offers a better experience. Looking at charting, Barclays and Halifax offer the same number of charting tools, 17. Barclays trails Halifax by 24 total different indicators (for example, moving averages), with Halifax offering 91 and Barclays offering 67.

Overall, between Barclays and Halifax, Barclays is the winner.