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Halifax vs DEGIRO 2020

Your capital is at risk.
Is DEGIRO better than Halifax? After scoring UK share dealing accounts on over 40 different variables, DEGIRO is better than Halifax. DEGIRO offers shares trading significantly cheaper than its competitors, charging only £1.75 + 0.022% per trade, with a maximum charge of £5.00. Low fees aside, DEGIRO lags competitors in fundamental research, education, and does not offer ISA or SIPP accounts.

Overall Rating

Feature Halifax DEGIRO
Overall 3.5 3.5
Halifax Review DEGIRO Review

Trading Fees

Feature Halifax DEGIRO
Share Trading: 0-9 Deals/ Month
£12.50 £ 1.75 + 0.022%
Share Trading: 10-19 Deals/ Month
£12.50 £ 1.75 + 0.022% (Maximum £ 5.00)
Share Trading: 20+ Deals/ Month
£12.50 £ 1.75 + 0.022% (Maximum £ 5.00)
Annual Custody Fee: £0 - £250,000*
£0 0%
Bonds - Government (Gilts) - Fee
£25.00 € 2.00 + 0.068%
ETFs - Fee
£12.50 €2 + 0.038%
Investment Trusts - Fee
£12.50 € 7.50 + 0.10% +.2% annually
Telephone Dealing Fee*
£25.00 € 10.00 + 0.10% per order
Commissions & Fees 3 5
Winner check_circle

Platforms & Tools

Feature Halifax DEGIRO
Desktop Platform (Windows)
No No
Web Platform
Yes Yes
iPhone App
No Yes
Android App
No Yes
Stock Alerts
Yes No
Charting - Indicators / Studies
91 23
Charting - Drawing Tools
17 0
Charting - Notes
No No
Charting - Display Corporate Events
Yes Yes
Charting - Stock Overlays
No No
Platform & Tools 3.5 3
Winner check_circle

Research

Feature Halifax DEGIRO
Research - Shares
Yes Yes
Research - CFDs
No No
Research - Funds
Yes Yes
Fund Research - Research Reports
No No
Research - ETFs
Yes No
Research - Bonds
Yes No
Portfolio Allocation Breakdown
Yes No
Research 4 1
Winner check_circle

Investments

Feature Halifax DEGIRO
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 No
Offering of Investments 4 3.5
Winner check_circle

Education

Feature Halifax DEGIRO
Has Education - Share Trading
Yes Yes
Has Education - Funds
Yes No
Has Education - Retirement
Yes No
Client Webinars
No No
Client Webinars (Archived)
No No
Education 3.5 3.5

Overall

Feature Halifax DEGIRO
Halifax Review DEGIRO Review
Overall 3.5 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 DEGIRO vs Halifax.

To start this comparison, first, we will take a look at the fees charged for dealing in the UK. 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. DEGIRO's score is 5.00 stars versus Halifax's 3.00 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.

Scenario 1 - 1 trade per month, for a total of 12 trades per year. DEGIRO would charge £34.68 while Halifax would charge £150.

Scenario 2 - 36 trades per year, or 3 trades per month. Halifax charges £450 and DEGIRO charges £104.04.

Scenario 3 - 10 trades per month, for a total of 120 trades per year. DEGIRO would charge £346.8 while Halifax would charge £1500.

Scenario 4 - 240 trades per year, or 20 trades per month. DEGIRO charges £693.6 and Halifax charges £3000.

Cost aside, we can now turn our focus to popular tools and features investors prefer in the UK. Account access is certainly at the top of the list, and Halifax offers clients ISA and SIPP while DEGIRO offers none of these. Looking at charting, the number of drawing tools and total technical indicators made available are important as well as stock alerts. Halifax boasts an offering of 17 charting tools compared to DEGIRO's 0 available charting tools. Halifax offers its clients access to 91 different indicators (for example, volume) while DEGIRO has 23 available indicators, a difference of 68. Halifax has basic stock alerts, DEGIRO doesn't. Finally, for conducting research while share dealing, having access to mutual fund research reports is also helpful. Neither DEGIRO and Halifax offer fund research reports.

Overall, between DEGIRO and Halifax, DEGIRO is the winner.

DEGIRO Review
Halifax 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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