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DEGIRO vs Lloyds Bank 2020

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Is Lloyds Bank better than DEGIRO? After scoring UK share dealing accounts in six areas for our 2019 review, 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 DEGIRO Lloyds Bank
Overall 3.5 3.5
DEGIRO Review Lloyds Bank Review

Trading Fees

Feature DEGIRO Lloyds Bank
Share Trading: 0-9 Deals/ Month
£ 1.75 + 0.022% £11.00
Share Trading: 10-19 Deals/ Month
£ 1.75 + 0.022% (Maximum £ 5.00) £8.00
Share Trading: 20+ Deals/ Month
£ 1.75 + 0.022% (Maximum £ 5.00) £8.00
Annual Custody Fee: £0 - £250,000*
0% £40.00
Bonds - Government (Gilts) - Fee
€ 2.00 + 0.068% £11.00
ETFs - Fee
€2 + 0.038% £11.00
Investment Trusts - Fee
€ 7.50 + 0.10% +.2% annually £11.00
Telephone Dealing Fee*
€ 10.00 + 0.10% per order £35.00
Commissions & Fees 5 3.5
Winner check_circle

Platforms & Tools

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

Research

Feature DEGIRO Lloyds Bank
Research - Shares
Yes Yes
Research - CFDs
No No
Research - Funds
Yes Yes
Fund Research - Research Reports
No No
Research - ETFs
No Yes
Research - Bonds
No Yes
Portfolio Allocation Breakdown
No Yes
Research 1 4
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Investments

Feature DEGIRO Lloyds Bank
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
No Yes
Offering of Investments 3.5 4
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Education

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

Overall

Feature DEGIRO Lloyds Bank
DEGIRO Review Lloyds Bank Review
Overall 3.5 3.5
Winner check_circle
After seven months and hundreds of hours of researching 12 different share dealing brokers, the UK.StockBrokers.com team collected thousands of data points. To focus on two brokers, we will now compare DEGIRO vs Lloyds Bank.

First, we will compare the fees charged for dealing in the UK. There are two primary fees: the cost to place each trade and the monthly, quarterly, or annual management fee charged which varies depending on the type and size of your portfolio. We researched 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.

Scenario 1 - 12 trades per year, or 1 trade per month. DEGIRO charges £34.68 and Lloyds Bank charges £172.

Scenario 2 - 3 trades per month, for a total of 36 trades per year. Lloyds Bank would charge £436 while DEGIRO would charge £104.04.

Scenario 3 - 120 trades per year, or 10 trades per month. DEGIRO charges £346.8 and Lloyds Bank charges £1000.

Scenario 4 - 20 trades per month, for a total of 240 trades per year. DEGIRO would charge £693.6 while Lloyds Bank would charge £1960.

Cost aside, we can now compare popular features and tools investors prefer. Access to the investments you want is important, and Lloyds Bank provides its clients with ISA and SIPP while DEGIRO provides clients access to none of these. Next, some traders desire robust charting, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. Lloyds Bank boasts an offering of 17 charting tools compared to DEGIRO's 0 available charting tools. Lloyds Bank boasts an offering of 91 different indicators (for example, moving averages) compared to DEGIRO's 23 available indicators. Lloyds Bank makes basic stock alerts available to clients, while DEGIRO does not. Finally, for researching funds while share dealing, having access to mutual fund research reports is also helpful. DEGIRO nor Lloyds Bank offers fund research reports.

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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