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Lloyds Bank vs DEGIRO 2020

Your capital is at risk.
Is DEGIRO better than Lloyds Bank? After scoring UK share dealing accounts on over 40 different variables, Lloyds Bank is better than DEGIRO. Lloyds Bank offers trades between £8 - £11, with the opportunity to receive £1.50 trades with reoccurring investments. Overall, the average platform, tools, and research, as well as the lack of a mobile app, do not justify joining Lloyds unless you make reoccurring investments.

Overall Rating

Feature Lloyds Bank DEGIRO
Overall 3.5 3.5
Lloyds Bank Review DEGIRO Review

Trading Fees

Feature Lloyds Bank DEGIRO
Share Trading: 0-9 Deals/ Month
£11.00 £ 1.75 + 0.014%
Share Trading: 10-19 Deals/ Month
£8.00 £ 1.75 + 0.014% (Maximum £ 5.00)
Share Trading: 20+ Deals/ Month
£8.00 £ 1.75 + 0.014% (Maximum £ 5.00)
Annual Custody Fee: £0 - £250,000*
£40 (flat) 0%
Bonds - Government (Gilts) - Fee
£11.00 € 2.00 + 0.06%
ETFs - Fee
£11.00 €2 + 0.03%
Investment Trusts - Fee
£11.00 € 7.50 + 0.10%
Telephone Dealing Fee*
£35.00 € 10.00 + 0.10% per order
Commissions & Fees 3.5 5
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Platforms & Tools

Feature Lloyds Bank 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
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Research

Feature Lloyds Bank 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
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Investments

Feature Lloyds Bank 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
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Education

Feature Lloyds Bank 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 Lloyds Bank DEGIRO
Lloyds Bank 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 Lloyds Bank.

Which broker is cheaper: DEGIRO or Lloyds Bank?

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 received a rating of 5.00 stars over Lloyds Bank's 3.50 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.

1 Trade Per Month - DEGIRO only charges £34 while Lloyds Bank charges £172.

3 Trades Per Month - DEGIRO is cheaper under this scenario. DEGIRO would cost £104 while Lloyds Bank would cost £436.

10 Trades Per Month - DEGIRO is the cheaper option. Fees with DEGIRO would be £346 while fees with Lloyds Bank would be £1000.

20 Trades Per Month - DEGIRO costs less in this case. DEGIRO charges £693 while Lloyds Bank charges £1960.

The annual management fee for each broker, which is a percentage of total assets, is as follows under a £30,000 portfolio DEGIRO charges 0% while Lloyds Bank charges £40 (flat).

Does DEGIRO or Lloyds Bank offer a wider range of investment options?

Lloyds Bank offers a more diverse selection of investment options than DEGIRO. Lloyds Bank offers investors access to Advisor Services, ETFs, Funds, ISA, SIPP, Share Trading and Bonds - Government (Gilts). Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Is DEGIRO or Lloyds Bank better for research?

Research helps traders analyze potential investments, examine market sentiment, and learn about companies on a high-level. Our testing concluded that Lloyds Bank is better for research than DEGIRO. Lloyds Bank offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better: DEGIRO or Lloyds Bank?

To compare the trading platforms of both DEGIRO and Lloyds Bank, we tested each broker's trading tools. Overall, Lloyds Bank offers a better experience. Looking at charting, Lloyds Bank offers its clients access to 17 charting tools while DEGIRO has 0 charting tools, a difference of 17. Lloyds Bank offers its clients access to 91 different indicators (for example, volume) while DEGIRO has 23 available indicators, a difference of 68.

Overall, between DEGIRO and Lloyds Bank, Lloyds Bank is the winner.

DEGIRO Review
Lloyds Bank 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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