To find a right broker for share dealing
, we spent seven months and hundreds of hours of assessing 12 different share dealing brokers based in the UK. Here, we will focus on two brokers and compare DEGIRO vs Lloyds Bank.
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 received a rating of 4.50 stars over Lloyds Bank's 4.00 stars.
Account charges aside, we can now compare features and tools investors want in their share dealing accounts. Access to the investments is important, and Lloyds Bank supports ISA and SIPP while DEGIRO supports 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. Lloyds Bank offers its clients access to 1 charting tools while DEGIRO has 0 charting tools, a difference of 1. Lloyds Bank boasts an offering of 43 different indicators (for example, moving averages) compared to DEGIRO's 23 available indicators. Lloyds Bank offers basic stock alerts while DEGIRO does not. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Neither DEGIRO and Lloyds Bank offer fund research reports.
Overall, between DEGIRO and Lloyds Bank, DEGIRO is the winner
Lloyds Bank Review