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DEGIRO vs Halifax 2022

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is DEGIRO better than Halifax? After scoring the best share dealing accounts across 46 different variables, Interactive Brokers is better than DEGIRO. Professional traders are brilliantly serviced with the tools and capabilities of Interactive Brokers. Less-experienced traders benefit from the low commissions and excellent research available in the web-based Client Portal platform.

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Overall RatingDEGIROHalifaxInteractive Brokers
Overall Rating4 Stars3.5 Stars4.5 Stars
Commissions & Fees5 Stars3 Stars4.5 Stars
Offering of Investments3.5 Stars4 Stars4.5 Stars
Mobile Trading3.5 Stars3.5 Stars4.5 Stars
Platforms & Tools3 Stars3 Stars4.5 Stars
Research2.5 Stars4 Stars5 Stars
Ease of Use3.5 StarsN/A4 Stars
Education3 Stars3.5 Stars3.5 Stars
ReviewDEGIRO ReviewInteractive Brokers Review
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InvestmentsDEGIROHalifaxInteractive Brokers
ISANoYesYes
SIPPNoYesYes
Share TradingYesYesYes
CFD TradingNoNoYes
FundsYesYesYes
ETFsYesYesYes
Bonds - CorporateYesYesYes
Bonds - Government (Gilts)YesYesYes
Investment TrustsYesYesYes
Spread BettingNoNoYes
Crypto TradingNoNoYes
Advisor ServicesNoYesNo
Trading FeesDEGIROHalifaxInteractive Brokers
Minimum Deposit£0.0£0.0£0.0
Share Trading: 0-9 Deals/ Month£1.75 + £1 handling fee£9.5£3
Share Trading: 10-19 Deals/ Month£1.75 + £1 handling fee£9.5£3
Share Trading: 20+ Deals/ Month£1.75 + £1 handling fee£9.5£3
5 trades per year (£30k portfolio)£13.75£83.5£15
12 trades per year (£30k portfolio)£33£150£36
36 trades per year (£30k portfolio)£99£450£108
120 trades per year (£30k portfolio)£330£1500£360
3 fund trades per year (£30k portfolio)£67.5£64.5£24.75
Annual Custody Fee: £0 - £250,0000.20%£360%
Annual Custody Fee: £250K-£500K0.20%£360%
Annual Custody Fee: £500,000 - £1m0.20%£360%
Annual Custody Fee: £1m and over0.20%£360%
Bonds - Corporate - Fee€ 2.00 + €1 handling fee£360.1% (for <10,000 EUR) 0.025% (for >10,000 EUR)
Bonds - Government (Gilts) - Fee€ 2.00 + 0.06% (most of EU), € 5.00 + 0.05% (Germany)£9.50.1% (2 euro min)
ETFs - Fee€2 + 0.03% £9.5£3
Investment Trusts - Fee€ 2.00 + €1 handling fee£9.5£4.95
Telephone Dealing Fee£8.50 surcharge £1.75 + £1 handling fee£2530 USD
Platforms & ToolsDEGIROHalifaxInteractive Brokers
Web PlatformYesYesYes
iPhone AppYesYesYes
Android AppYesYesYes
Stock AlertsNoNoYes
Charting - Indicators / Studies138398
Charting - Drawing Tools91784
Charting - NotesYesYesYes
Charting - Display Corporate EventsYesNoYes
Charting - Stock OverlaysYesNoYes
Charting - Index OverlaysYesNoYes
ResearchDEGIROHalifaxInteractive Brokers
Research - SharesYesYesYes
Research - CFDsNoYesYes
Research - FundsYesYesYes
Fund Research - Research ReportsNoNoNo
Research - ETFsNoYesYes
Research - BondsNoYesYes
Portfolio Allocation BreakdownNoYesYes
EducationDEGIROHalifaxInteractive Brokers
Has Education - Share TradingYesYesYes
Has Education - FundsNoYesNo
Has Education - RetirementNoYesYes
Client WebinarsNoYesYes
Client Webinars (Archived)NoYesYes
Overall SummaryDEGIROHalifaxInteractive Brokers
Overall Rating4 Stars3.5 Stars4.5 Stars
Commissions & Fees5 Stars3 Stars4.5 Stars
Offering of Investments3.5 Stars4 Stars4.5 Stars
Mobile Trading3.5 Stars3.5 Stars4.5 Stars
Platforms & Tools3 Stars3 Stars4.5 Stars
Research2.5 Stars4 Stars5 Stars
Ease of Use3.5 StarsN/A4 Stars
Education3 Stars3.5 Stars3.5 Stars
ReviewDEGIRO ReviewInteractive Brokers Review
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DEGIRO vs Halifax Comparison

For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare DEGIRO vs Halifax.

Which broker is less expensive?

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, DEGIRO offers better pricing than Interactive Brokers 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 - DEGIRO would cost £13.75 per year, while Halifax would cost £83.5 per year.

12 trades per year - DEGIRO would cost £33 per year, while Halifax would cost £150 per year.

36 trades per year - DEGIRO would cost £99 per year, while Halifax would cost £450 per year.

120 trades per year - DEGIRO would cost £330 per year, while Halifax would cost £1500 per year.

3 fund trades per year - DEGIRO would cost £67.5 per year, while Halifax would cost £64.5 per year.

Which broker offers a wider range of investment options?

DEGIRO offers investors access to Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts, while Halifax offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts and Advisor Services, neither have CFD Trading, Spread Betting and Crypto Trading. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Which broker offers better research?

Our testing concluded that Interactive Brokers is better for research than DEGIRO. Interactive Brokers offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better?

To compare the trading platforms of both DEGIRO and Halifax, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, Interactive Brokers offers a better share dealing platform and Interactive Brokers offers a better stock app for mobile trading.

Overall winner: Interactive Brokers

Read Next: Best UK Trading Platforms 2022


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