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Lloyds Bank vs Barclays 2020

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Is Barclays better than Lloyds Bank? After ranking 12 UK brokerages who all offer share dealing in our 2019 review, Barclays is better than Lloyds Bank. 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 Lloyds Bank Barclays
Overall 3.5 4
Lloyds Bank Review Barclays Review

Trading Fees

Feature Lloyds Bank Barclays
Share Trading: 0-9 Deals/ Month
£11.00 £6.00
Share Trading: 10-19 Deals/ Month
£8.00 £6.00
Share Trading: 20+ Deals/ Month
£8.00 £6.00
Annual Custody Fee: £0 - £250,000*
£40.00 0.2% (minimum £48)
Bonds - Government (Gilts) - Fee
£11.00 £6.00
ETFs - Fee
£11.00 £6.00
Investment Trusts - Fee
£11.00 £3.00
Telephone Dealing Fee*
£35.00 £25.00
Commissions & Fees 3.5 4
Winner check_circle

Platforms & Tools

Feature Lloyds Bank 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 Lloyds Bank 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 Lloyds Bank 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 Lloyds Bank 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 Lloyds Bank Barclays
Lloyds Bank Review Barclays Review
Overall 3.5 4
Winner check_circle
To find a right broker for share dealing, we spent seven months and hundreds of hours of assessing 12 different share dealing brokers based in the UK. Here, we will focus on two brokers and compare Barclays vs Lloyds Bank.

Our comparison begins with the fees charged for dealing shares in the UK and being a client. The two main charges to focus on include the cost to place each trade alongside the monthly, quarterly, or annual management fee charged (varies depending on the type and size of your portfolio). We researched 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.

Scenario 1 - 1 trade per month, for a total of 12 trades per year. Lloyds Bank would charge £172 while Barclays would charge £132.

Scenario 2 - 3 trades per month, for a total of 36 trades per year. Lloyds Bank would charge £436 while Barclays would charge £276.

Scenario 3 - 10 trades per month, for a total of 120 trades per year. Barclays would charge £780 while Lloyds Bank would charge £1000.

Scenario 4 - 20 trades per month, for a total of 240 trades per year. Barclays would charge £1500 while Lloyds Bank would charge £1960.

Account charges aside, we can now compare features and tools investors want in their share dealing accounts. Access to the investments is important, and Lloyds Bank provides its clients with ISA and SIPP while Barclays provides clients access to ISA, SIPP and SIPP - Junior. Also, some investors require a high-quality charting experience, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. Both brokers offer clients access to the same number of charting tools, 17. Lloyds Bank boasts an offering of 91 different indicators (for example, moving averages) compared to Barclays's 67 available indicators. Barclays alongside Lloyds Bank offer basic stock alerts. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Barclays has fund research reports, Lloyds Bank doesn't.

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

Barclays Review
Lloyds Bank 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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