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Lloyds Bank vs DEGIRO 2020

Your capital is at risk.
Is DEGIRO better than Lloyds Bank? After scoring the best share dealing accounts across 46 different variables, Lloyds Bank is better than DEGIRO. Lloyds Bank can deliver value to the passive fund trader, who places a few fund trades each year and requires little research. Outside of this customer mold, Lloyds quickly becomes expensive (stock trades cost £8 - £11) and can’t provide the same trading tools or research as top UK brokers.

Overall Rating

Feature Lloyds Bank DEGIRO
Overall 4 3.5
Lloyds Bank Review DEGIRO Review

Trading Fees

Feature Lloyds Bank DEGIRO
Share Trading: 0-9 Deals/ Month
8 to 11 £ 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) 0.20%
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 £8.50
Commissions & Fees 4 5
Winner check_circle

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
83 13
Charting - Drawing Tools
17 9
Charting - Notes
Yes Yes
Charting - Display Corporate Events
No Yes
Charting - Stock Overlays
No Yes
Platform & Tools 3.5 3.5
Winner check_circle

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 2
Winner check_circle

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
Winner check_circle

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 4 3.5
Winner check_circle

For our 2020 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare DEGIRO vs Lloyds Bank.

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 Lloyds Bank 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.

1 Trade Per Month - DEGIRO is cheaper. DEGIRO would only cost £34 each year while Lloyds Bank would cost £172.

3 Trades Per Month - DEGIRO is less expensive under this scenario. DEGIRO would cost £104 per year while Lloyds Bank would cost £436.

10 Trades Per Month - DEGIRO is the better choice. Annual fees with DEGIRO would total £346, while annual fees with Lloyds Bank would be £1000.

20 Trades Per Month - DEGIRO costs less in this scenario. Total annual costs with DEGIRO would equal £693, while Lloyds Bank would equal £1960.

Which broker offers 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.

Which platform offers better research?

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?

To compare the trading platforms of both DEGIRO and Lloyds Bank, we tested each broker's trading tools and share dealing app. All features compared, Lloyds Bank offers a better share dealing platform.

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

DEGIRO Review
Lloyds Bank Review

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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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