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.
For UK investors exploring diverse investment opportunities, eToro and Lloyds Bank present distinct platforms. eToro is a popular choice for those interested in modern trading options, offering share and crypto trading, along with the ability to trade ETFs and CFDs. However, eToro does not provide access to traditional investment avenues like funds or bonds. On the other hand, Lloyds Bank caters to these conventional investment options, allowing clients to trade shares, ETFs, as well as corporate and government bonds. Additionally, Lloyds extends its offerings with investment trusts and provides advisory services to guide investors.
When it comes to expert evaluations, UK.StockBrokers.com rates Lloyds Bank with a perfect 5 stars for its comprehensive investment choices, ranking it 8th out of 21 brokers. In contrast, eToro earns a respectable 4.5 stars, but ranks lower at 15th place, highlighting its strength in specific trading areas while lacking the broader spectrum provided by Lloyds. Ultimately, the choice between eToro and Lloyds Bank will depend on whether an investor's preference leans toward innovative, online trading options or a more traditional, advisory-supported investment approach.
| Feature |
eToro
|
Lloyds Bank
|
|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | Yes | |
| ETFs | Yes | Yes |
| Funds | Yes | |
| Bonds - Government (Gilts) | Yes | |
| Investment Trusts | Yes | |
| Spread Betting | ||
| Crypto Trading | Yes | |
| Advisor Services | Yes | |
| Investment Choices |
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Low-cost US and UK shares.
Professional’s Gateway to the World’s Markets.
For UK traders seeking advanced charting features, eToro stands out with a range of tools that truly enhances the trading experience. eToro provides 56 drawing tools and 106 technical indicators, allowing traders to perform detailed analysis. Features like the ability to display corporate events on charts, add notes, and include both index and stock overlays offer maximum flexibility and insight. This platform also supports real-time market data and allows users to set alerts for stock price updates, all accessible through a convenient browser-based interface.
Lloyds Bank, on the other hand, offers limited tools in comparison. While it does provide a browser-based trading platform and the capability to create alerts for stock price updates, it lacks the advanced charting features found on eToro. Charting tools, corporate event displays, and overlay options are not available, which may not meet the needs of traders looking for in-depth analysis capabilities. This positions eToro as a more comprehensive option for those who prioritize charting and advanced trading features.
| 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 | |
| Charting - Display Corporate Events | ||
| Charting - Stock Overlays | Yes | |
| Charting - Index Overlays | Yes |
When comparing online broker eToro and Lloyds Bank for retirement account options in the UK, both provide Individual Savings Accounts (ISAs) to help you save tax-efficiently. However, when it comes to Self-Invested Personal Pensions (SIPPs), you'll find that only Lloyds Bank offers this option, allowing you to manage your retirement savings with a bit more flexibility. Whether you're looking to invest with the innovative, online-driven platform of eToro or the traditional banking expertise of Lloyds Bank, evaluating your personal savings and investment goals will help determine the best fit for your retirement planning needs.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
When comparing the mobile apps of online broker eToro and Lloyds Bank, both platforms offer apps compatible with iPhone and Android devices. However, eToro stands out with a 5-star rating from UK.StockBrokers.com, securing the 5th spot among 21 brokers for its mobile app experience. In contrast, Lloyds Bank's app receives a 3.5-star rating, ranking 17th out of the same group. This positions eToro as a more favorable choice for users prioritizing mobile functionality and ease of use.
Dive deeper: Best Stock Trading Apps UK.
When comparing the educational resources for beginner investors offered by eToro and Lloyds Bank, several key differences emerge. Both platforms do not provide live or archived webinars for clients, limiting options for interactive learning. However, eToro stands out by offering comprehensive education on share trading, while Lloyds Bank appears not to cover this topic extensively. Neither eToro nor Lloyds Bank provides substantial educational content on funds or retirement. According to UK.StockBrokers.com, eToro receives a commendable rating of 4.5 stars for beginner education and is ranked 11th out of 21 brokers. In contrast, Lloyds Bank earns a 4-star rating and is positioned 14th, suggesting that eToro may be a slightly more advantageous choice for beginners looking to delve into the world of investing in the UK.
| Feature |
eToro
|
Lloyds Bank
|
|---|---|---|
| Client Webinars | ||
| Client Webinars (Archived) | ||
| Education (Share Trading) | Yes | |
| Education (Funds) | ||
| Education (Retirement) | ||
| Education |
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Dive deeper: Best UK Trading Platforms for Beginners.
When comparing eToro and Lloyds Bank for their market research offerings, UK investors will find distinct advantages with both platforms. eToro provides detailed options, such as the ability to view portfolio allocation by asset class and access research on shares, ETFs, and CFDs. However, it lacks research reports specific to funds and bonds. Conversely, Lloyds Bank shines in offering comprehensive research on funds and bonds, as well as shares and ETFs, providing a well-rounded option for investors seeking those specific insights. While it doesn't match eToro's portfolio allocation features, Lloyds Bank's strength lies in its extensive research availability, making it a solid choice for those focused on funds and bonds.
| Feature |
eToro
|
Lloyds Bank
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - CFDs | Yes | |
| Research - ETFs | Yes | Yes |
| Research - Bonds | Yes | |
| Research - Funds | Yes | |
| Fund Research - Research Reports | Yes | |
| Portfolio Allocation Breakdown | Yes |
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
|
|---|---|---|
| Overall Rating |
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| Charges & Fees |
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| Mobile App |
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| Website |
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| Ease of Use |
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In the realm of online trading, eToro distinguishes itself by offering cryptocurrency trading, while 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 | Yes | ||
| Share Trading | Yes | Yes | |
| CFD Trading | Yes | ||
| Funds | Yes | ||
| ETFs | Yes | Yes | |
| Bonds - Corporate | Yes | ||
| Bonds - Government (Gilts) | Yes | ||
| Investment Trusts | Yes | ||
| Spread Betting | |||
| Crypto Trading | Yes | ||
| Advisor Services | Yes |
| Trading Fees | eToro | Lloyds Bank | |
|---|---|---|---|
| Minimum Deposit | $50 | £0 | |
| Share Trading: 0-9 Deals/ Month | £0 | £8 - £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 | £8 - £11 | |
| Investment Trusts - Fee | N/A | £8 - £11 | |
| Telephone Dealing Fee | N/A | £35 |
| Broker Screenshots | eToro | Lloyds Bank | |
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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 | ||
| Charting - Display Corporate Events | |||
| Charting - Stock Overlays | Yes | ||
| Charting - Index Overlays | Yes |
| Research | eToro | Lloyds Bank | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | Yes | ||
| Research - Funds | Yes | ||
| Fund Research - Research Reports | Yes | ||
| Research - ETFs | Yes | Yes | |
| Research - Bonds | Yes | ||
| Portfolio Allocation Breakdown | Yes |
| Education | eToro | Lloyds Bank | |
|---|---|---|---|
| Education (Share Trading) | Yes | ||
| Education (Funds) | |||
| Education (Retirement) | |||
| Client Webinars | |||
| Client Webinars (Archived) |
| Overall Summary | eToro | Lloyds Bank | |
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| Review | eToro Review | Lloyds Bank Review | |
| Winner | check_circle |
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