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FinecoBank vs Lloyds Bank 2020

Your capital is at risk.
Is FinecoBank better than Lloyds Bank? After scoring the best share dealing accounts across 46 different variables, FinecoBank is better than Lloyds Bank. FinecoBank is a great share dealing option for price-conscious traders who don’t require educational materials or research reports. Fineco charges only £2.95 for UK shares and ETFs, $3.95 for US stocks and ETFs, and €3.95 for European stocks and ETFs.

Overall Rating

Feature FinecoBank Lloyds Bank
Overall 4 4
Commissions & Fees 5 4
Offering of Investments 4 4
Platform & Tools 3.5 3.5
Research 3.5 4
Education 3.5 3.5
FinecoBank Review Lloyds Bank Review
Winner check_circle

Trading Fees

Feature FinecoBank Lloyds Bank
Share Trading: 0-9 Deals/ Month
£2.95 8 to 11
Share Trading: 10-19 Deals/ Month
£2.95 £8.00
Share Trading: 20+ Deals/ Month
£2.95 £8.00
Annual Custody Fee: £0 - £250,000
0.25% £40 (flat)
Bonds - Government (Gilts) - Fee
£6.95 £11.00
ETFs - Fee
£2.95 £11.00
Investment Trusts - Fee
N/A £11.00
Telephone Dealing Fee
N/A £35.00

Platforms & Tools

Feature FinecoBank Lloyds Bank
Desktop Platform (Windows)
Yes No
Web Platform
Yes Yes
iPhone App
Yes No
Android App
Yes No
Stock Alerts
No Yes
Charting - Indicators / Studies
24 83
Charting - Drawing Tools
2 17
Charting - Notes
No Yes
Charting - Display Corporate Events
Yes No
Charting - Stock Overlays
Yes No

Research

Feature FinecoBank Lloyds Bank
Research - Shares
Yes Yes
Research - CFDs
No No
Research - Funds
Yes Yes
Fund Research - Research Reports
No No
Research - ETFs
Yes Yes
Research - Bonds
Yes Yes
Portfolio Allocation Breakdown
Yes Yes

Investments

Feature FinecoBank Lloyds Bank
Share Trading
Yes Yes
CFD Trading
Yes No
Funds
Yes Yes
ETFs
Yes Yes
Bonds - Corporate
Yes Yes
Bonds - Government (Gilts)
Yes Yes
Investment Trusts
No Yes
Spread Betting
No No
Advisor Services
No Yes

Education

Feature FinecoBank Lloyds Bank
Has Education - Share Trading
No Yes
Has Education - Funds
No Yes
Has Education - Retirement
No Yes
Client Webinars
Yes No
Client Webinars (Archived)
Yes No

Overall

Feature FinecoBank Lloyds Bank
Overall 4 4
Commissions & Fees 5 4
Offering of Investments 4 4
Platform & Tools 3.5 3.5
Research 3.5 4
Education 3.5 3.5
FinecoBank Review Lloyds Bank Review
Winner check_circle

For our 2020 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare FinecoBank vs Lloyds Bank.

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, FinecoBank 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.

1 Trade Per Month - FinecoBank is cheaper. FinecoBank would only cost £35.40 each year while Lloyds Bank would cost £172.00.

3 Trades Per Month - FinecoBank is less expensive under this scenario. FinecoBank would cost £106.20 per year while Lloyds Bank would cost £436.00.

10 Trades Per Month - FinecoBank is the better choice. Annual fees with FinecoBank would total £354, while annual fees with Lloyds Bank would be £1000.

20 Trades Per Month - FinecoBank costs less in this scenario. Total annual costs with FinecoBank would equal £708, while Lloyds Bank would equal £1960.

Which broker offers a wider range of investment options?

Lloyds Bank offers a more diverse selection of investment options than FinecoBank . Lloyds Bank offers investors access to Advisor Services, ETFs, Funds, ISA, SIPP, Share Trading and Bonds - Government (Gilts). Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Which platform offers better research?

Our testing concluded that Lloyds Bank is better for research than FinecoBank . Lloyds Bank offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better?

To compare the trading platforms of both FinecoBank and Lloyds Bank, we tested each broker's trading tools and share dealing app. All features compared, FinecoBank offers a better share dealing platform.

Overall, between FinecoBank and Lloyds Bank, FinecoBank is the winner.

FinecoBank Review
Lloyds Bank Review

Related Comparisons

All pricing data was obtained from a published web site as of 01/15/2020 and is believed to be accurate, but is not guaranteed. The UK.StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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