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Barclays vs Lloyds Bank 2022

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is Barclays better than Lloyds Bank? After scoring the best share dealing accounts across 46 different variables, Interactive Brokers is better than Barclays. Professional traders are brilliantly serviced with the tools and capabilities of Interactive Brokers. Less-experienced traders benefit from the low commissions and excellent research available in the web-based Client Portal platform.

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Overall RatingBarclaysLloyds BankInteractive Brokers
Overall Rating4 Stars3.5 Stars4.5 Stars
Commissions & Fees3.5 Stars3 Stars4.5 Stars
Offering of Investments4 Stars4 Stars4.5 Stars
Mobile Trading4 Stars3.5 Stars4.5 Stars
Platforms & Tools4 Stars3 Stars4.5 Stars
Research4.5 Stars4 Stars5 Stars
Ease of UseN/AN/A4 Stars
Education4.5 Stars3.5 Stars3.5 Stars
ReviewInteractive Brokers Review
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InvestmentsBarclaysLloyds BankInteractive Brokers
ISAYesYesYes
SIPPYesYesYes
Share TradingYesYesYes
CFD TradingNoNoYes
FundsYesYesYes
ETFsYesYesYes
Bonds - CorporateYesYesYes
Bonds - Government (Gilts)YesYesYes
Investment TrustsYesYesYes
Spread BettingNoNoYes
Crypto TradingNoNoYes
Advisor ServicesYesYesNo
Trading FeesBarclaysLloyds BankInteractive Brokers
Minimum Deposit£0.0£0.0£0.0
Share Trading: 0-9 Deals/ Month£6£8 to 11£3
Share Trading: 10-19 Deals/ Month£6£8£3
Share Trading: 20+ Deals/ Month£6£8£3
5 trades per year (£30k portfolio)£60£47.5£15
12 trades per year (£30k portfolio)£102£172£36
36 trades per year (£30k portfolio)£246£436£108
120 trades per year (£30k portfolio)£750£1000£360
3 fund trades per year (£30k portfolio)£59£44.5£24.75
Annual Custody Fee: £0 - £250,0000.2% (minimum £48)£40 (flat)0%
Annual Custody Fee: £250K-£500K0.2%£400%
Annual Custody Fee: £500,000 - £1m0.2%£400%
Annual Custody Fee: £1m and over0.2%£400%
Bonds - Corporate - Fee£6£110.1% (for <10,000 EUR) 0.025% (for >10,000 EUR)
Bonds - Government (Gilts) - Fee£6£110.1% (2 euro min)
ETFs - Fee£6£11£3
Investment Trusts - Fee£3£11£4.95
Telephone Dealing Fee£25£2530 USD
Platforms & ToolsBarclaysLloyds BankInteractive Brokers
Web PlatformYesYesYes
iPhone AppYesYesYes
Android AppYesYesYes
Stock AlertsYesYesYes
Charting - Indicators / Studies688398
Charting - Drawing Tools161784
Charting - NotesYesYesYes
Charting - Display Corporate EventsNoNoYes
Charting - Stock OverlaysNoNoYes
Charting - Index OverlaysNoNoYes
ResearchBarclaysLloyds BankInteractive Brokers
Research - SharesYesYesYes
Research - CFDsNoYesYes
Research - FundsYesYesYes
Fund Research - Research ReportsYesNoNo
Research - ETFsYesYesYes
Research - BondsYesYesYes
Portfolio Allocation BreakdownYesYesYes
EducationBarclaysLloyds BankInteractive Brokers
Has Education - Share TradingYesYesYes
Has Education - FundsYesYesNo
Has Education - RetirementYesYesYes
Client WebinarsYesYesYes
Client Webinars (Archived)YesYesYes
Overall SummaryBarclaysLloyds BankInteractive Brokers
Overall Rating4 Stars3.5 Stars4.5 Stars
Commissions & Fees3.5 Stars3 Stars4.5 Stars
Offering of Investments4 Stars4 Stars4.5 Stars
Mobile Trading4 Stars3.5 Stars4.5 Stars
Platforms & Tools4 Stars3 Stars4.5 Stars
Research4.5 Stars4 Stars5 Stars
Ease of UseN/AN/A4 Stars
Education4.5 Stars3.5 Stars3.5 Stars
ReviewInteractive Brokers Review
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Barclays vs Lloyds Bank Comparison

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

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, Interactive Brokers offers better pricing than Barclays 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 Lloyds Bank would cost £47.5 per year.

12 trades per year - Barclays would cost £102 per year, while Lloyds Bank would cost £172 per year.

36 trades per year - Barclays would cost £246 per year, while Lloyds Bank would cost £436 per year.

120 trades per year - Barclays would cost £750 per year, while Lloyds Bank would cost £1000 per year.

3 fund trades per year - Barclays would cost £59 per year, while Lloyds Bank would cost £44.5 per year.

Which broker offers a wider range of investment options?

Both Barclays and Lloyds Bank 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 Interactive Brokers is better for research than Barclays. Interactive Brokers 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 Lloyds Bank, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, Interactive Brokers offers a better share dealing platform and Interactive Brokers offers a better stock app for mobile trading.

Overall winner: Interactive Brokers

Read Next: Best UK Trading Platforms 2022


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