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Freetrade vs Lloyds Bank 2022
Your capital is at risk.
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Overall Rating
| Feature | Freetrade | Lloyds Bank |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platform & Tools | ||
| Research | ||
| Education | ||
| Freetrade Review | ||
| Winner | check_circle |
Trading Fees
| Feature | Freetrade | Lloyds Bank |
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Minimum Deposit |
£0.00 | £0.00 |
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Share Trading: 0-9 Deals/ Month |
£0.00 | 8 to 11 |
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Share Trading: 10-19 Deals/ Month |
£0.00 | £8.00 |
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Share Trading: 20+ Deals/ Month |
£0.00 | £8.00 |
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Annual Custody Fee: £0 - £250,000 |
£0.00 | £40 (flat) |
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Bonds - Government (Gilts) - Fee |
N/A | £11.00 |
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ETFs - Fee |
£0.00 | £11.00 |
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Investment Trusts - Fee |
£0.00 | £11.00 |
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Telephone Dealing Fee |
N/A | £25.00 |
Platforms & Tools
| Feature | Freetrade | Lloyds Bank |
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Desktop Platform (Windows) |
No | No |
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Web Platform |
No | Yes |
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iPhone App |
Yes | Yes |
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Android App |
Yes | Yes |
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Stock Alerts |
No | Yes |
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Charting - Indicators / Studies |
83 | |
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Charting - Drawing Tools |
1 | 17 |
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Charting - Notes |
No | Yes |
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Charting - Display Corporate Events |
No | No |
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Charting - Stock Overlays |
No | No |
Research
| Feature | Freetrade | Lloyds Bank |
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Research - Shares |
Yes | Yes |
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Research - CFDs |
No | Yes |
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Research - Funds |
No | Yes |
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Fund Research - Research Reports |
No | No |
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Research - ETFs |
Yes | Yes |
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Research - Bonds |
No | Yes |
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Portfolio Allocation Breakdown |
No | Yes |
Investments
| Feature | Freetrade | Lloyds Bank |
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Share Trading |
Yes | Yes |
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CFD Trading |
No | No |
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Funds |
No | Yes |
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ETFs |
Yes | Yes |
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Bonds - Corporate |
No | Yes |
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Bonds - Government (Gilts) |
No | Yes |
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Investment Trusts |
Yes | Yes |
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Spread Betting |
No | No |
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Advisor Services |
No | Yes |
Education
| Feature | Freetrade | Lloyds Bank |
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Has Education - Share Trading |
Yes | Yes |
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Has Education - Funds |
No | Yes |
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Has Education - Retirement |
Yes | Yes |
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Client Webinars |
No | Yes |
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Client Webinars (Archived) |
No | Yes |
Overall
| Feature | Freetrade | Lloyds Bank |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platform & Tools | ||
| Research | ||
| Education | ||
| Freetrade Review | ||
| Winner | check_circle |
For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Freetrade 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, Freetrade 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 - Freetrade is cheaper. Freetrade would only cost £0 each year while Lloyds Bank would cost £172.
3 Trades Per Month - Freetrade is less expensive under this scenario. Freetrade would cost £0 per year while Lloyds Bank would cost £436.
10 Trades Per Month - Freetrade is the better choice. Annual fees with Freetrade would total £0, while annual fees with Lloyds Bank would be £1000.
20 Trades Per Month - Freetrade costs less in this scenario. Total annual costs with Freetrade would equal £0, while Lloyds Bank would equal £47.50.
Which broker offers a wider range of investment options?
Freetrade offers a more diverse selection of investment options than Lloyds Bank. Freetrade offers investors access to ETFs, ISA, SIPP and Share 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 platform offers better research?
Our testing concluded that Freetrade is better for research than Lloyds Bank. Freetrade 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 Lloyds Bank, we tested each broker's trading tools and share dealing app. All features compared, Freetrade offers a better share dealing platform.
Overall winner: Freetrade
Read Next: Best UK Trading Platforms 2022
Related Comparisons
All pricing data was obtained from a published web site as of 10/22/2021 and is believed to be accurate, but is not guaranteed. The StockBrokers.com UK 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.
