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 comparing eToro and Lloyds Bank, there are distinct differences in the range of investment options available. eToro excels in modern investment opportunities such as share trading, crypto trading, and ETFs, with added flexibility through CFD trading. However, it lacks options like funds, corporate bonds, and government bonds, areas where Lloyds Bank shines. Lloyds Bank also supports trading in investment trusts and provides advisory services, making it a comprehensive choice for traditional investment strategies.
Despite eToro's strong offerings in certain areas, it scores 4.5 stars out of five for investment choices, ranking it 15th among 18 brokers according to UK.StockBrokers.com. On the other hand, Lloyds Bank earns a perfect five-star rating, ranking 8th overall. This suggests that Lloyds Bank may cater more effectively to investors seeking a full spectrum of traditional and advisory services, while eToro may appeal to those interested in newer investment forms like cryptocurrencies.
| 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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Low-cost US and UK shares.
Professional’s Gateway to the World’s Markets.
When it comes to trading tools, eToro and Lloyds Bank present distinct offerings for UK traders. eToro stands out with its extensive charting capabilities, providing 56 drawing tools and 106 technical indicators, creating a resourceful environment for detailed technical analysis. Although neither platform displays corporate events on charts, eToro allows users to enhance their charting experience by adding notes, index overlays, and stock overlays. In contrast, Lloyds Bank lacks these charting functionalities, offering no drawing tools or technical indicators, which may limit the depth of analysis for traders relying on chart data.
Both eToro and Lloyds Bank offer the convenience of browser-based trading platforms and notifications for stock price updates, ensuring traders can stay informed of market changes. However, eToro takes the lead in delivering real-time market data, providing traders with timely information crucial for making informed investment decisions. On the other hand, Lloyds Bank does not offer real-time data, which could pose challenges for traders who require the latest market insights to drive their trading strategies.
| 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 choosing between eToro and Lloyds Bank for managing your retirement savings in the UK, it's important to consider the types of accounts each offers. Both eToro and Lloyds Bank provide Individual Savings Accounts (ISAs), allowing for tax-efficient investing. However, for those interested in Self-Invested Personal Pensions (SIPPs), Lloyds Bank is the preferred choice, as eToro does not offer SIPP accounts. This distinction could influence your decision based on your retirement planning needs and whether you prioritize accessing a pension plan alongside your investments.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
Both eToro and Lloyds Bank offer convenient mobile apps for iPhone and Android users in the UK, making it easy to manage finances on the go. eToro's mobile app stands out with a 5-star rating from UK.StockBrokers.com, placing it at an impressive 5th spot out of 18 brokers. Conversely, Lloyds Bank's mobile app holds a rating of 3.5 stars, ranking 17th among the same group. This comparison highlights eToro's superior mobile experience, providing users with advanced features and functionality that are well-appreciated by experts and users alike.
Dive deeper: Best Stock Trading Apps UK.
When it comes to educational resources for beginner investors in the UK, eToro and Lloyds Bank offer varying levels of support. While neither platform provides educational webinars, eToro stands out by offering information on share trading, earning a 4.5-star rating from UK.StockBrokers.com compared to Lloyds Bank's 4-star rating. Neither service provides education on funds or retirement planning. In terms of rankings among 18 brokers, eToro holds the 11th spot for beginner education, while Lloyds Bank is ranked 14th, making eToro a slightly more comprehensive option for newcomers interested in share trading.
| 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 it comes to market research features for UK investors, eToro and Lloyds Bank each have their strengths. eToro provides detailed insights into portfolio allocation by asset class and offers research on shares, ETFs, and CFDs, catering well to traders interested in these areas. In contrast, Lloyds Bank delivers comprehensive research reports, especially beneficial for those looking into funds and bonds, plus thorough analysis on shares and ETFs. However, Lloyds Bank lacks the capability to display portfolio allocation by asset class, and does not cover CFDs. Ultimately, eToro is well-suited for investors prioritizing asset class allocation and CFD insights, whereas Lloyds Bank excels with its extensive research reports on funds and bonds.
| 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 - £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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| Website 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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