Fineco Bank vs Halifax Comparison
For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Fineco Bank vs Halifax.
Which broker is less expensive?
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, Fineco Bank 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 - Fineco Bank would cost £75 per year, while Halifax would cost £83.5 per year.
12 trades per year - Fineco Bank would cost £35.4 per year, while Halifax would cost £150 per year.
36 trades per year - Fineco Bank would cost £106.2 per year, while Halifax would cost £450 per year.
120 trades per year - Fineco Bank would cost £354 per year, while Halifax would cost £1500 per year.
3 fund trades per year - Fineco Bank would cost £14.75 per year, while Halifax would cost £64.5 per year.
Which broker offers a wider range of investment options?
Fineco Bank offers investors access to ISA, Share Trading, CFD Trading, Funds, ETFs, Bonds - Corporate and Bonds - Government (Gilts), 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 and Crypto Trading. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.
Which broker offers better research?
Our testing concluded that Fineco Bank is better for research than Halifax. Fineco Bank offers more research options, including research reports, articles, and analyst ratings.
Which trading platform is better?
To compare the trading platforms of both Fineco Bank and Halifax, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, Fineco Bank offers a better share dealing platform and Fineco Bank offers a better stock app for mobile trading.
Overall winner: Fineco Bank
Read Next: Best UK Trading Platforms 2022