To find a right broker for share dealing
, we spent seven months and hundreds of hours of assessing ten different share dealing brokers based in the UK. Here, we will focus on two brokers and compare DEGIRO vs Halifax.
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. DEGIRO is a better option with a 4.50 star rating over Halifax's 4.00 star rating.
Account charges aside, we can now compare features and tools investors want in their share dealing accounts. Access to the investments is important, and Halifax offers clients ISA and SIPP while DEGIRO offers none of these. 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. Halifax offers its clients access to 1 charting tools while DEGIRO has 0 charting tools, a difference of 1. Halifax boasts an offering of 43 different indicators (for example, moving averages) compared to DEGIRO's 23 available indicators. Halifax has basic stock alerts, DEGIRO doesn't. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Neither DEGIRO and Halifax offer fund research reports.
Overall, both DEGIRO and Halifax are rated 3.50 stars. And, when it comes to individual category awards, Halifax was rated Best in Class - Customer Service in 2017, while DEGIRO was rated none of these.