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Halifax vs Barclays 2020

Your capital is at risk.
Is Halifax better than Barclays? After scoring UK share dealing accounts in six areas for our 2019 review, Barclays is better than Halifax. Barclays Smart Investor offers competitive share dealing commissions (£6 per trade) alongside an excellent selection of research tools and education. However, there is no dedicated mobile app for share dealing and the trading tools offered are just average.

Overall Rating

Feature Halifax Barclays
Overall 3.5 4
Halifax Review Barclays Review

Trading Fees

Feature Halifax Barclays
Share Trading: 0-9 Deals/ Month
£12.50 £6.00
Share Trading: 10-19 Deals/ Month
£12.50 £6.00
Share Trading: 20+ Deals/ Month
£12.50 £6.00
Annual Custody Fee: £0 - £250,000*
£0 0.2% (minimum £48)
Bonds - Government (Gilts) - Fee
£25.00 £6.00
ETFs - Fee
£12.50 £6.00
Investment Trusts - Fee
£12.50 £3.00
Telephone Dealing Fee*
£25.00 £25.00
Commissions & Fees 3 4
Winner check_circle

Platforms & Tools

Feature Halifax Barclays
Desktop Platform (Windows)
No No
Web Platform
Yes Yes
iPhone App
No No
Android App
No No
Stock Alerts
Yes Yes
Charting - Indicators / Studies
91 67
Charting - Drawing Tools
17 17
Charting - Notes
No No
Charting - Display Corporate Events
Yes No
Charting - Stock Overlays
No No
Platform & Tools 3.5 3.5
Winner check_circle

Research

Feature Halifax Barclays
Research - Shares
Yes Yes
Research - CFDs
No No
Research - Funds
Yes Yes
Fund Research - Research Reports
No Yes
Research - ETFs
Yes Yes
Research - Bonds
Yes Yes
Portfolio Allocation Breakdown
Yes Yes
Research 4 4.5
Winner check_circle

Investments

Feature Halifax Barclays
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
Advisor Services
Yes Yes
Offering of Investments 4 3.5
Winner check_circle

Education

Feature Halifax Barclays
Has Education - Share Trading
Yes Yes
Has Education - Funds
Yes Yes
Has Education - Retirement
Yes Yes
Client Webinars
No No
Client Webinars (Archived)
No Yes
Education 3.5 4.5

Overall

Feature Halifax Barclays
Halifax Review Barclays Review
Overall 3.5 4
Winner check_circle
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 Barclays vs Halifax.

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. Barclays is a better option with a 4.00 star rating over Halifax's 3.00 star rating.

Further breaking down costs, we analyzed four different trading scenarios. For all four scenarios, we are assuming a £30,000 portfolio for custody fees.

Scenario 1 - If you make 1 trade a month, or 12 per year, the fees with Halifax wold be £150 and the fees with Barclays would be £132.

Scenario 2 - 36 trades per year, or 3 trades per month. Halifax charges £450 and Barclays charges £276.

Scenario 3 - 120 trades per year, or 10 trades per month. Barclays charges £780 and Halifax charges £1500.

Scenario 4 - If you make 20 trades a month, or 240 per year, the fees with Halifax wold be £3000 and the fees with Barclays would be £1500.

Cost aside, we can now compare popular features and tools investors prefer. Access to the investments you want is important, and Halifax supports ISA and SIPP while Barclays supports ISA, 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. 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. Barclays and Halifax both offer basic stock alerts. Finally, for researching funds while share dealing, having access to mutual fund research reports is also helpful. Barclays makes fund research reports available to clients, while Halifax does not.

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

Barclays Review
Halifax Review


All pricing data was obtained from a published web site as of 01/15/2020 and is believed to be accurate, but is not guaranteed. The UK.StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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