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.
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.
CMC Invest and Lloyds Bank both provide a variety of investment options, starting with the capability to trade shares and ETFs. While neither platform supports crypto trading, spread betting, or CFD trading, both companies allow users to invest in funds and investment trusts. However, Lloyds Bank distinguishes itself by also offering the trading of corporate and government bonds, or gilts, an option not available through CMC Invest. Additionally, Lloyds Bank provides advisor services to its clients, a feature that CMC Invest does not offer.
When it comes to customer ratings, Lloyds Bank receives a full 5-star rating from UK.StockBrokers.com, thanks to its comprehensive range of investment choices. Conversely, CMC Invest earns a respectable rating of 4.5 stars, appealing to those interested in a focused selection of investment products. Additionally, Lloyds Bank enjoys a higher investment choices ranking at #8 out of 18, compared to CMC Invest’s #15 ranking. This makes Lloyds Bank a well-rounded choice, especially for investors seeking a complete set of services and expert guidance.
| 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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Professional’s Gateway to the World’s Markets.
Low-cost US and UK shares.
When comparing the trading tools of CMC Invest and Lloyds Bank, several differences and similarities emerge that are essential for investors. Both platforms do not support displaying corporate events like earnings, splits, and dividends on their charts, nor do they offer any drawing tools or technical indicators for charting. Additionally, neither CMC Invest nor Lloyds Bank provides features to add notes, index overlays, or stock overlays to charts. However, a notable distinction lies in their trading platforms; while CMC Invest does not provide a browser-based trading platform, Lloyds Bank does, which might appeal to those who prefer trading via a web interface.
In terms of keeping investors updated, both CMC Invest and Lloyds Bank allow users to create alerts for stock price updates, ensuring traders can respond swiftly to market changes. Another crucial feature to consider is real-time market data; CMC Invest offers this service, giving investors updated information to make timely decisions, whereas Lloyds Bank does not. This variance in providing real-time data can significantly impact the trading experience for users who rely on the latest market information. Overall, while both platforms share limitations, these key differences might influence which service aligns better with your trading needs.
| 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 considering retirement accounts, both CMC Invest and Lloyds Bank provide options tailored for UK investors, offering flexibility and choice. CMC Invest, known for its user-friendly digital experience, allows savers to invest through their ISA and SIPP accounts, appealing to those looking for tax-efficient investment solutions. Meanwhile, Lloyds Bank, leveraging its traditional banking presence, also supports retirement savings with their ISA and SIPP accounts, making them accessible to a broad audience. Both firms provide viable paths for building your nest egg, combining the security of ISAs with the tax advantages of SIPPs, catering to individuals aiming for a comfortable retirement. Whether prioritizing a digital experience with CMC Invest or the trust of an established bank with Lloyds, investors have notable opportunities to grow their retirement funds.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
When comparing CMC Invest and Lloyds Bank in terms of their mobile offerings, both provide apps for iPhone and Android users. CMC Invest's mobile app, highly regarded by UK.StockBrokers.com, earns a commendable 4.5-star rating, ranking 7th out of 18 brokers for mobile usability. On the other hand, Lloyds Bank's app receives a 3.5-star rating, positioning it at 15th among the same brokers. Users seeking an efficient and well-received mobile brokerage experience might find CMC Invest's app to align more with their expectations.
Dive deeper: Best Stock Trading Apps UK.
When comparing the educational resources for beginner investors between CMC Invest and Lloyds Bank, both platforms lack live or archived educational webinars. However, CMC Invest stands out by offering educational resources in areas like share trading, funds, and retirement, while Lloyds Bank does not provide education on these topics. Despite these differences, both CMC Invest and Lloyds Bank receive a four-star rating for beginner education from UK.StockBrokers.com. When ranked among 18 brokers, CMC Invest holds the 13th position, slightly ahead of Lloyds Bank, which ranks 15th. This indicates that both have room for improvement, but CMC Invest offers a more comprehensive educational experience for novice investors.
| 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 |
|
|
Dive deeper: Best UK Trading Platforms for Beginners.
When it comes to market research features, both CMC Invest and Lloyds Bank provide comprehensive research reports for funds, shares, and ETFs, making them strong contenders for investors who prioritize thorough market analysis. While neither platform offers portfolio allocation by asset class insights, CMC Invest lacks bonds research, which Lloyds Bank does provide, making Lloyds a slightly more versatile option for those interested in bond investments. However, if trading CFDs is on your agenda, neither platform supports research in that area.
| 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
|
|---|---|---|
| Overall Rating |
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| Charges & Fees |
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| Mobile App |
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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 | No | No | |
| Advisor Services | No | Yes |
| Trading Fees | CMC Invest | Lloyds Bank | |
|---|---|---|---|
| Minimum Deposit | £0 | £0 | |
| Share Trading: 0-9 Deals/ Month | £0 | £8, £10, £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 | ||
| Investment Trusts - Fee | £0 | ||
| Telephone Dealing Fee | £0 | £35 |
| Broker Screenshots | CMC Invest | Lloyds Bank | |
|---|---|---|---|
| Website Gallery (click to expand) |
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| Mobile Trading Apps Gallery (click to expand) |
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| Education 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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| Education |
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| Review | CMC Invest Review | Lloyds Bank Review | |
| Winner | check_circle |
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