eToro vs Lloyds Bank 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 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.

5 trades per year - eToro would cost £154 per year, while Lloyds Bank would cost £47.5 per year.

12 trades per year - eToro would cost £154 per year, while Lloyds Bank would cost £172 per year.

36 trades per year - eToro would cost £154 per year, while Lloyds Bank would cost £436 per year.

120 trades per year - eToro would cost £154 per year, while Lloyds Bank would cost £1000 per year.

3 fund trades per year - eToro would cost N/A per year, while Lloyds Bank would cost £44.5 per year.

eToro offers investors access to Share Trading, CFD Trading, ETFs and Crypto Trading, while Lloyds Bank 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 Lloyds Bank. eToro offers more research options, including research reports, articles, and analyst ratings.

To compare the trading platforms of both eToro and Lloyds Bank, 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.