eToro vs Halifax 2023

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, eToro offers better pricing than Halifax 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.

5 trades per year - eToro would cost £154 per year, while Halifax would cost £83.5 per year.

12 trades per year - eToro would cost £154 per year, while Halifax would cost £150 per year.

36 trades per year - eToro would cost £154 per year, while Halifax would cost £450 per year.

120 trades per year - eToro would cost £154 per year, while Halifax would cost £1500 per year.

3 fund trades per year - eToro would cost N/A per year, while Halifax would cost £64.5 per year.

eToro offers investors access to Share Trading, CFD Trading, ETFs and Crypto Trading, while Halifax offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts and Advisor Services, neither have Spread Betting. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Our testing concluded that eToro is better for research than Halifax. eToro offers more research options, including research reports, articles, and analyst ratings.

To compare the trading platforms of both eToro and Halifax, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, eToro offers a better share dealing platform and eToro offers a better stock app for mobile trading.