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Barclays vs Lloyds Bank 2020

Your capital is at risk.
Is Barclays better than Lloyds Bank? After scoring UK share dealing accounts on over 40 different variables, 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 Barclays Lloyds Bank
Overall 4 3.5
Barclays Review Lloyds Bank Review

Trading Fees

Feature Barclays Lloyds Bank
Share Trading: 0-9 Deals/ Month
£6.00 £11.00
Share Trading: 10-19 Deals/ Month
£6.00 £8.00
Share Trading: 20+ Deals/ Month
£6.00 £8.00
Annual Custody Fee: £0 - £250,000*
0.2% (minimum £48) £40 (flat)
Bonds - Government (Gilts) - Fee
£6.00 £11.00
ETFs - Fee
£6.00 £11.00
Investment Trusts - Fee
£3.00 £11.00
Telephone Dealing Fee*
£25.00 £35.00
Commissions & Fees 4 3.5
Winner check_circle

Platforms & Tools

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

Research

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

Investments

Feature Barclays Lloyds Bank
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 3.5 4
Winner check_circle

Education

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

Overall

Feature Barclays Lloyds Bank
Barclays Review Lloyds Bank Review
Overall 4 3.5
Winner check_circle

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.

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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