Written by StockBrokers.com
In this head to head comparison of eToro vs Lloyds Bank, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
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 £0 per year, while Lloyds Bank would cost £95 per year.
12 trades per year - eToro would cost £0 per year, while Lloyds Bank would cost £40 - £172 per year.
36 trades per year - eToro would cost £0 per year, while Lloyds Bank would cost £40 - £328 per year.
120 trades per year - eToro would cost £0 per year, while Lloyds Bank would cost £40 / £1,000 per year.
3 fund trades per year - eToro would cost $50 per year, while Lloyds Bank would cost £0 per year.
What type of trader are you?
New to the world of investing? See our picks for the Best UK Trading Platforms for Beginners. More experienced traders should read our guide to the Best UK Trading Platforms for Active Traders.
When comparing eToro and Lloyds Bank, it's clear that both platforms offer a range of investment options, each with its own strengths. eToro stands out in areas like crypto trading and CFD trading, appealing to those interested in diverse and modern investment opportunities. With a robust offering in share trading and ETF trading as well, eToro is awarded an impressive 4.5-star rating for its investment choices by UK.StockBrokers.com. However, it lacks features like funds trading, corporate and government bonds, and advisor services, which might be critical for investors seeking a more traditional or guided investment trajectory.
Conversely, Lloyds Bank excels in providing traditional investment solutions such as funds trading, corporate and government bonds, and investment trusts. Additionally, the bank offers advisory services, attracting investors who prefer a guided approach. With share and ETF trading options, Lloyds Bank has garnered a 5-star rating for investment choices from UK.StockBrokers.com. In terms of rankings, Lloyds Bank slightly edges out eToro, being positioned at #8 among 18 brokers compared to eToro's #9. Ultimately, the choice between these platforms depends on whether you prefer modern, diverse trading options or more traditional, advised investment paths.
| Feature |
eToro
|
Lloyds Bank
|
|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | Yes | No |
| ETFs | Yes | Yes |
| Funds | No | Yes |
| Bonds - Government (Gilts) | No | Yes |
| Investment Trusts | No | Yes |
| Spread Betting | No | No |
| Crypto Trading | Yes | No |
| Advisor Services | No | Yes |
| Investment Choices |
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Professional’s Gateway to the World’s Markets.
Low-cost US and UK shares.
When it comes to trading tools, eToro clearly stands out compared to Lloyds Bank. Both platforms allow traders to use a browser-based trading interface and set alerts for stock price updates. However, eToro takes it a step further by offering real-time market data, while Lloyds Bank does not provide this capability.
eToro boasts an impressive array of charting tools, with 56 drawing tools and 106 technical indicators, far surpassing Lloyds Bank, which lacks these features entirely. Additionally, eToro supports the addition of notes, index overlays, and stock overlays on charts, enhancing the user's analytical capabilities. In contrast, Lloyds Bank does not offer these advanced charting features, which may limit the depth of analysis for traders.
| Feature |
eToro
|
Lloyds Bank
|
|---|---|---|
| Web Platform | Yes | Yes |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 106 | 0 |
| Charting - Drawing Tools | 56 | 0 |
| Charting - Notes | Yes | No |
| Charting - Display Corporate Events | No | No |
| Charting - Stock Overlays | Yes | No |
| Charting - Index Overlays | Yes | No |
When comparing online broker eToro to Lloyds Bank for retirement account options, it's essential to consider the availability of specific account types. eToro offers ISA accounts, providing a tax-efficient way to invest; however, it does not offer SIPP accounts for self-invested personal pensions. On the other hand, Lloyds Bank caters to both needs by offering ISA accounts and SIPP accounts, giving investors the flexibility to manage their retirement savings with more options. Whether you're looking for an ISA or a SIPP, Lloyds Bank provides a comprehensive solution, while eToro serves as a streamlined choice for those focused solely on ISAs.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
Both eToro and Lloyds Bank provide mobile apps for iPhone and Android users, ensuring accessibility across major platforms. However, when it comes to performance and user satisfaction, eToro's mobile app shines with a 5-star rating from UK.StockBrokers.com, while Lloyds Bank trails slightly with 3.5 stars. This distinction in app quality is reflected in their rankings, as eToro holds the impressive position of #5 out of 18 brokers for mobile app efficiency, whereas Lloyds Bank is positioned at #15. Users looking for a more highly rated mobile trading experience might find eToro's app to be a superior choice.
Dive deeper: Best Stock Trading Apps UK.
When it comes to educational resources for beginner investors, eToro and Lloyds Bank offer different experiences. Neither platform provides educational client webinars, live or on-demand, but eToro does offer share trading education, which Lloyds Bank lacks. Both platforms do not cover topics like funds or retirement. According to UK.StockBrokers.com, eToro holds a higher rating, earning 4.5 out of 5 stars, compared to Lloyds Bank's 4 stars for beginner education. In rankings among 18 brokers, eToro comes in at number 10, outperforming Lloyds Bank, which is positioned at number 15. This comparison highlights eToro's slight edge over Lloyds Bank in offering educational resources for new investors.
| Feature |
eToro
|
Lloyds Bank
|
|---|---|---|
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Education (Share Trading) | Yes | No |
| Education (Funds) | No | No |
| Education (Retirement) | No | No |
| Education |
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Dive deeper: Best UK Trading Platforms for Beginners.
When comparing the market research features of online broker eToro and Lloyds Bank, there are distinct differences that cater to different needs of investors. eToro stands out with its ability to show portfolio allocation by asset class, as well as providing research for shares, ETFs, and CFDs, making it a versatile choice for investors focusing on diversified assets and derivatives. On the other hand, Lloyds Bank excels in offering comprehensive research reports for funds and bonds, a feature not available with eToro, and provides solid shares and ETFs research. If you're looking for in-depth reports on funds and bonds, Lloyds Bank might be the preferred choice, whereas eToro's strength lies in a broader offering for those interested in CFDs and a clear view of portfolio allocation.
| Feature |
eToro
|
Lloyds Bank
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - CFDs | Yes | No |
| Research - ETFs | Yes | Yes |
| Research - Bonds | No | Yes |
| Research - Funds | No | Yes |
| Fund Research - Research Reports | No | Yes |
| Portfolio Allocation Breakdown | Yes | No |
Which broker is better overall, eToro or Lloyds Bank? After collecting more than 900 data points over a 10-week period, we found eToro to be a better trading platform overall.
eToro offers a wide range of assets and instruments and is well-known for its ‘social trading’ approach. It has among the lowest fees and best mobile app experiences of brokers we tested in the U.K., and offers a great starting point for those new to stock trading. Our analysis finds it better suited to short-term traders than long-term investors.
| Feature |
eToro
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Lloyds Bank
|
|---|---|---|
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When comparing online broker eToro to Lloyds Bank, eToro stands out for its cryptocurrency trading options, whereas Lloyds Bank does not provide crypto trading services.
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0 of 5| Overall Rating | eToro | Lloyds Bank | |
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| Review | eToro Review | Lloyds Bank Review | |
| Winner | check_circle |
| Investments | eToro | Lloyds Bank | |
|---|---|---|---|
| ISA | Yes | Yes | |
| SIPP | No | Yes | |
| Share Trading | Yes | Yes | |
| CFD Trading | Yes | No | |
| Funds | No | Yes | |
| ETFs | Yes | Yes | |
| Bonds - Corporate | No | Yes | |
| Bonds - Government (Gilts) | No | Yes | |
| Investment Trusts | No | Yes | |
| Spread Betting | No | No | |
| Crypto Trading | Yes | No | |
| Advisor Services | No | Yes |
| Trading Fees | eToro | Lloyds Bank | |
|---|---|---|---|
| Minimum Deposit | $50 | £0 | |
| Share Trading: 0-9 Deals/ Month | £0 | £8, £10, £11 | |
| Share Trading: 10-19 Deals/ Month | £0 | £8 | |
| Share Trading: 20+ Deals/ Month | £0 | £8 | |
| 5 trades per year (£30k portfolio) | £0 | £95 | |
| 12 trades per year (£30k portfolio) | £0 | £40 - £172 | |
| 36 trades per year (£30k portfolio) | £0 | £40 - £328 | |
| 120 trades per year (£30k portfolio) | £0 | £40 / £1,000 | |
| 3 fund trades per year (£30k portfolio) | N/A | £44.50 | |
| Annual Custody Fee: £0 - £250,000 | £0 | £40 | |
| Annual Custody Fee: £250K-£500K | £0 | £40 | |
| Annual Custody Fee: £500,000 - £1m | £0 | £40 | |
| Annual Custody Fee: £1m and over | £0 | £40 | |
| Bonds - Corporate - Fee | N/A | £8 - £11 | |
| Bonds - Government (Gilts) - Fee | N/A | £8 - £11 | |
| ETFs - Fee | £0 | ||
| Investment Trusts - Fee | N/A | ||
| Telephone Dealing Fee | N/A | £35 |
| Broker Screenshots | eToro | Lloyds Bank | |
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| Mobile Trading Apps Gallery (click to expand) |
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| Education Gallery (click to expand) |
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| Platforms & Tools | eToro | Lloyds Bank | |
|---|---|---|---|
| Web Platform | Yes | Yes | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 106 | 0 | |
| Charting - Drawing Tools | 56 | 0 | |
| Charting - Notes | Yes | No | |
| Charting - Display Corporate Events | No | No | |
| Charting - Stock Overlays | Yes | No | |
| Charting - Index Overlays | Yes | No |
| Research | eToro | Lloyds Bank | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | Yes | No | |
| Research - Funds | No | Yes | |
| Fund Research - Research Reports | No | Yes | |
| Research - ETFs | Yes | Yes | |
| Research - Bonds | No | Yes | |
| Portfolio Allocation Breakdown | Yes | No |
| Education | eToro | Lloyds Bank | |
|---|---|---|---|
| Education (Share Trading) | Yes | No | |
| Education (Funds) | No | No | |
| Education (Retirement) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No |
| Overall Summary | eToro | Lloyds Bank | |
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| Review | eToro Review | Lloyds Bank Review | |
| Winner | check_circle |
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