Freetrade vs Halifax Comparison
For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Freetrade 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, Freetrade offers better pricing than IG 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 - Freetrade would cost N/A per year, while Halifax would cost £83.5 per year.
12 trades per year - Freetrade would cost £0 per year, while Halifax would cost £150 per year.
36 trades per year - Freetrade would cost £0 per year, while Halifax would cost £450 per year.
120 trades per year - Freetrade would cost £0 per year, while Halifax would cost £1500 per year.
3 fund trades per year - Freetrade would cost N/A per year, while Halifax would cost £64.5 per year.
Which broker offers a wider range of investment options?
Freetrade offers investors access to ISA, SIPP, Share Trading, ETFs and Investment Trusts, while Halifax offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts and Advisor Services, neither have CFD Trading, 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 IG is better for research than Freetrade. IG offers more research options, including research reports, articles, and analyst ratings.
Which trading platform is better?
To compare the trading platforms of both Freetrade and Halifax, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, IG offers a better share dealing platform and IG offers a better stock app for mobile trading.
Overall winner: IG
Read Next: Best UK Trading Platforms 2022
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