Barclays vs Lloyds Bank 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 Lloyds Bank.

Which broker is cheaper: Barclays or Lloyds Bank?

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's score is 4.00 stars versus Lloyds Bank's 3.50 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 Lloyds Bank charges £172.00.

3 Trades Per Month - Barclays is cheaper under this scenario. Barclays would cost £276.00 while Lloyds Bank would cost £436.00.

10 Trades Per Month - Barclays is the cheaper option. Fees with Barclays would be £780.00 while fees with Lloyds Bank would be £1,000.00.

20 Trades Per Month - Barclays costs less in this case. Barclays charges £1,500.00 while Lloyds Bank charges £1,960.00.

The annual management fee for each broker, which is a percentage of total assets, is as follows under a £30,000 portfolio Barclays charges 0.2% (minimum £48) while Lloyds Bank charges £40 (flat).

Does Barclays or Lloyds Bank offer a wider range of investment options?

Lloyds Bank offers a more diverse selection of investment options than Barclays. Lloyds Bank 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 Lloyds Bank 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 Lloyds Bank. Barclays offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better: Barclays or Lloyds Bank?

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

Overall, between Barclays and Lloyds Bank, Barclays is the winner.