Written by StockBrokers.com
In this head to head comparison of CMC Invest vs Lloyds Bank, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
Your capital is at risk.
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, CMC Invest offers better pricing than Lloyds Bank 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 - CMC Invest would cost £0 / £120 / £300 per year, while Lloyds Bank would cost £95 per year.
12 trades per year - CMC Invest would cost £0 / £120 / £300 per year, while Lloyds Bank would cost £40 - £172 per year.
36 trades per year - CMC Invest would cost £0 / £120 / £300 per year, while Lloyds Bank would cost £40 - £328 per year.
120 trades per year - CMC Invest would cost £0 / £120 / £300 per year, while Lloyds Bank would cost £40 / £1,000 per year.
3 fund trades per year - CMC Invest would cost £0 per year, while Lloyds Bank would cost £0 per year.
What type of trader are you?
New to the world of investing? See our picks for the Best UK Trading Platforms for Beginners. More experienced traders should read our guide to the Best UK Trading Platforms for Active Traders.
When comparing CMC Invest and Lloyds Bank in terms of their investment options, both platforms offer share trading, ETF trading, funds trading, and investment trusts. However, CMC Invest does not provide access to trading corporate or government bonds, while Lloyds Bank includes these additional opportunities. Crypto trading and CFD trading are not available on either platform, and both lack spread betting features.
For those seeking advisor services, Lloyds Bank stands out by offering this benefit, unlike CMC Invest. According to UK.StockBrokers.com ratings, Lloyds Bank scores a full 5 stars for its range of investment choices and ranks 8th among 21 brokers. In contrast, CMC Invest earns a respectable 4.5-star rating but is ranked 14th overall. These distinctions highlight the broader array of investment options and services available through Lloyds Bank, appealing to those looking for comprehensive investment support in the UK.
| Feature |
CMC Invest
|
Lloyds Bank
|
|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | No | No |
| ETFs | Yes | Yes |
| Funds | Yes | Yes |
| Bonds - Government (Gilts) | No | Yes |
| Investment Trusts | Yes | Yes |
| Spread Betting | No | No |
| Crypto Trading | No | No |
| Advisor Services | No | Yes |
| Investment Choices |
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Low-cost US and UK shares.
Professional’s Gateway to the World’s Markets.
When it comes to online trading tools, both CMC Invest and Lloyds Bank provide essential services for UK investors, but each has its own strengths. Both brokers fall short when it comes to charting features, offering no tools for displaying corporate events, drawing, or adding technical indicators, notes, and overlays to charts. However, if having a browser-based trading platform is important to you, Lloyds Bank has this feature, while CMC Invest does not.
In terms of market updates and data, CMC Invest and Lloyds Bank both allow users to create alerts for stock price changes, keeping investors informed of the latest shifts. However, CMC Invest stands out by providing real-time market data, giving traders up-to-the-minute information that Lloyds Bank does not offer. This can be a crucial factor for those who prioritize immediate market insights in their trading activities.
| Feature |
CMC Invest
|
Lloyds Bank
|
|---|---|---|
| Web Platform | No | Yes |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 0 | 0 |
| Charting - Drawing Tools | 0 | 0 |
| Charting - Notes | No | No |
| Charting - Display Corporate Events | No | No |
| Charting - Stock Overlays | No | No |
| Charting - Index Overlays | No | No |
When comparing retirement account offerings, both CMC Invest and Lloyds Bank provide options suitable for UK residents looking to plan their financial futures. They each offer Individual Savings Accounts (ISAs), allowing you to save or invest up to a certain limit tax-free each year, which can be a great way to boost your savings. Additionally, they both provide Self-Invested Personal Pensions (SIPPs), giving you the flexibility to manage your pension investments directly. Whether you are aiming to save efficiently through ISAs or actively manage your retirement fund with SIPPs, both CMC Invest and Lloyds Bank offer the accounts needed to meet your financial goals.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
Both CMC Invest and Lloyds Bank offer convenient iPhone and Android apps for their users, providing easy access to manage investments and banking on the go. CMC Invest’s mobile app stands out with a 4.5-star rating from UK.StockBrokers.com, ranking 11th out of 21 brokers for mobile app quality. In comparison, Lloyds Bank’s app holds a 3.5-star rating and is placed 17th in the same category. These ratings highlight CMC Invest as a preferable choice for those prioritizing a highly-rated mobile experience.
Dive deeper: Best Stock Trading Apps UK.
For beginners seeking educational resources to kickstart their investment journey, CMC Invest and Lloyds Bank both offer distinct features. While neither provides live or on-demand educational webinars, CMC Invest presents educational content specifically on share trading, funds, and retirement, which Lloyds Bank does not offer. Both platforms, however, share a similar reputation in expert assessments, with UK.StockBrokers.com giving each a four-star rating for beginner education. Despite this, Lloyds Bank edges slightly ahead in ranking, securing the 14th spot out of 21 brokers, whereas CMC Invest is positioned at 15th.
| Feature |
CMC Invest
|
Lloyds Bank
|
|---|---|---|
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Education (Share Trading) | Yes | No |
| Education (Funds) | Yes | No |
| Education (Retirement) | Yes | No |
| Education |
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Dive deeper: Best UK Trading Platforms for Beginners.
When comparing market research features between CMC Invest and Lloyds Bank in the UK, both platforms provide access to research reports for funds, shares, ETFs, and more. They each support comprehensive research in these areas, ensuring users can make informed decisions. However, neither CMC Invest nor Lloyds Bank includes options to view portfolio allocation by asset class, which could be a limitation for investors who value this insight. A notable difference lies in bonds research, which is available through Lloyds Bank but absent from CMC Invest, potentially making Lloyds more appealing to those interested in fixed-income investments. Despite the limitations, both CMC Invest and Lloyds Bank offer competitive research functionalities, catering well to typical investor needs.
| Feature |
CMC Invest
|
Lloyds Bank
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - CFDs | No | No |
| Research - ETFs | Yes | Yes |
| Research - Bonds | No | Yes |
| Research - Funds | Yes | Yes |
| Fund Research - Research Reports | Yes | Yes |
| Portfolio Allocation Breakdown | No | No |
Which broker is better overall, CMC Invest or Lloyds Bank? After collecting more than 900 data points over a 10-week period, we found CMC Invest to be a better trading platform overall.
CMC Invest offers commission-free trading of U.K.-listed shares and U.S. equities via a mobile app only. Though a newer entrant to the U.K. share dealing market and currently somewhat limited, it’s powered by global contender CMC Markets, making it likely that its offerings will expand.
| Feature |
CMC Invest
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Lloyds Bank
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|---|---|---|
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Both CMC Invest and Lloyds Bank do not offer cryptocurrency trading, making them comparable in their current lack of digital asset investment options.
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0 of 5| Overall Rating | CMC Invest | Lloyds Bank | |
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| Review | CMC Invest Review | Lloyds Bank Review | |
| Winner | check_circle |
| Investments | CMC Invest | Lloyds Bank | |
|---|---|---|---|
| ISA | Yes | Yes | |
| SIPP | Yes | Yes | |
| Share Trading | Yes | Yes | |
| CFD Trading | No | No | |
| Funds | Yes | Yes | |
| ETFs | Yes | Yes | |
| Bonds - Corporate | No | Yes | |
| Bonds - Government (Gilts) | No | Yes | |
| Investment Trusts | Yes | Yes | |
| Spread Betting | No | No | |
| Crypto Trading | |||
| Advisor Services | No | Yes |
| Trading Fees | CMC Invest | Lloyds Bank | |
|---|---|---|---|
| Minimum Deposit | £0 | £0 | |
| Share Trading: 0-9 Deals/ Month | £0 | £8 - £11 | |
| Share Trading: 10-19 Deals/ Month | £0 | £8 | |
| Share Trading: 20+ Deals/ Month | £0 | £8 | |
| 5 trades per year (£30k portfolio) | £0 / £120 / £300 | £95 | |
| 12 trades per year (£30k portfolio) | £0 / £120 / £300 | £40 - £172 | |
| 36 trades per year (£30k portfolio) | £0 / £120 / £300 | £40 - £328 | |
| 120 trades per year (£30k portfolio) | £0 / £120 / £300 | £40 / £1,000 | |
| 3 fund trades per year (£30k portfolio) | £120 | £44.50 | |
| Annual Custody Fee: £0 - £250,000 | £120 | £40 | |
| Annual Custody Fee: £250K-£500K | £120 | £40 | |
| Annual Custody Fee: £500,000 - £1m | £120 | £40 | |
| Annual Custody Fee: £1m and over | £120 | £40 | |
| Bonds - Corporate - Fee | N/A | £8 - £11 | |
| Bonds - Government (Gilts) - Fee | N/A | £8 - £11 | |
| ETFs - Fee | £0 | £8 - £11 | |
| Investment Trusts - Fee | £0 | £8 - £11 | |
| Telephone Dealing Fee | £0 | £35 |
| Broker Screenshots | CMC Invest | Lloyds Bank | |
|---|---|---|---|
| Website Gallery (click to expand) |
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| Platforms & Tools | CMC Invest | Lloyds Bank | |
|---|---|---|---|
| Web Platform | No | Yes | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 0 | 0 | |
| Charting - Drawing Tools | 0 | 0 | |
| Charting - Notes | No | No | |
| Charting - Display Corporate Events | No | No | |
| Charting - Stock Overlays | No | No | |
| Charting - Index Overlays | No | No |
| Research | CMC Invest | Lloyds Bank | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | No | No | |
| Research - Funds | Yes | Yes | |
| Fund Research - Research Reports | Yes | Yes | |
| Research - ETFs | Yes | Yes | |
| Research - Bonds | No | Yes | |
| Portfolio Allocation Breakdown | No | No |
| Education | CMC Invest | Lloyds Bank | |
|---|---|---|---|
| Education (Share Trading) | Yes | No | |
| Education (Funds) | Yes | No | |
| Education (Retirement) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No |
| Overall Summary | CMC Invest | Lloyds Bank | |
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| Review | CMC Invest Review | Lloyds Bank Review | |
| Winner | check_circle |
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