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Freetrade vs Lloyds Bank 2022

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Is Freetrade better than Lloyds Bank? After scoring the best share dealing accounts across 46 different variables, Freetrade is better than Lloyds Bank. Freetrade's commission-free model allows trading of fractional shares with a user-friendly mobile trading app, and the educational offering is of good quality. Research and range of investments are limited, however, and there is no online trading platform.


Overall Rating

Feature Freetrade Lloyds Bank
Overall 4 3.5
Commissions & Fees 5 3
Offering of Investments 2.5 4
Platform & Tools 1 3
Research 2 4
Education 0 3.5
Freetrade Review
Winner check_circle

Trading Fees

Feature Freetrade Lloyds Bank
Minimum Deposit
£0.00 £0.00
Share Trading: 0-9 Deals/ Month
£0.00 8 to 11
Share Trading: 10-19 Deals/ Month
£0.00 £8.00
Share Trading: 20+ Deals/ Month
£0.00 £8.00
Annual Custody Fee: £0 - £250,000
£0.00 £40 (flat)
Bonds - Government (Gilts) - Fee
N/A £11.00
ETFs - Fee
£0.00 £11.00
Investment Trusts - Fee
£0.00 £11.00
Telephone Dealing Fee
N/A £25.00

Platforms & Tools

Feature Freetrade Lloyds Bank
Desktop Platform (Windows)
No No
Web Platform
No Yes
iPhone App
Yes Yes
Android App
Yes Yes
Stock Alerts
No Yes
Charting - Indicators / Studies
83
Charting - Drawing Tools
1 17
Charting - Notes
No Yes
Charting - Display Corporate Events
No No
Charting - Stock Overlays
No No

Research

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

Investments

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

Education

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

Overall

Feature Freetrade Lloyds Bank
Overall 4 3.5
Commissions & Fees 5 3
Offering of Investments 2.5 4
Platform & Tools 1 3
Research 2 4
Education 0 3.5
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


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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.

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