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Lloyds Bank vs Halifax 2020
Your capital is at risk.
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Overall Rating
| Feature | Lloyds Bank | Halifax |
| Overall | ||
| Lloyds Bank Review | Halifax Review |
Trading Fees
| Feature | Lloyds Bank | Halifax |
|
Share Trading: 0-9 Deals/ Month |
8 to 11 | £12.50 |
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Share Trading: 10-19 Deals/ Month |
£8.00 | £12.50 |
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Share Trading: 20+ Deals/ Month |
£8.00 | £12.50 |
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Annual Custody Fee: £0 - £250,000 |
£40 (flat) | 0% |
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Bonds - Government (Gilts) - Fee |
£11.00 | £25.00 |
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ETFs - Fee |
£11.00 | £12.50 |
|
Investment Trusts - Fee |
£11.00 | £12.50 |
|
Telephone Dealing Fee |
£35.00 | £25.00 |
| Commissions & Fees | ||
| Winner | check_circle |
Platforms & Tools
| Feature | Lloyds Bank | Halifax |
|
Desktop Platform (Windows) |
No | No |
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Web Platform |
Yes | Yes |
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iPhone App |
No | No |
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Android App |
No | No |
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Stock Alerts |
Yes | Yes |
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Charting - Indicators / Studies |
83 | 83 |
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Charting - Drawing Tools |
17 | 17 |
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Charting - Notes |
Yes | Yes |
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Charting - Display Corporate Events |
No | No |
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Charting - Stock Overlays |
No | No |
| Platform & Tools | ||
| Winner | check_circle |
Research
| Feature | Lloyds Bank | Halifax |
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Research - Shares |
Yes | Yes |
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Research - CFDs |
No | No |
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Research - Funds |
Yes | 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 |
Yes | Yes |
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Portfolio Allocation Breakdown |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Investments
| Feature | Lloyds Bank | Halifax |
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Share Trading |
Yes | Yes |
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CFD Trading |
No | No |
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Funds |
Yes | Yes |
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ETFs |
Yes | Yes |
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Bonds - Corporate |
Yes | Yes |
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Bonds - Government (Gilts) |
Yes | Yes |
|
Investment Trusts |
Yes | Yes |
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Spread Betting |
No | No |
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Advisor Services |
Yes | Yes |
| Offering of Investments | ||
| Winner | check_circle |
Education
| Feature | Lloyds Bank | Halifax |
|
Has Education - Share Trading |
Yes | Yes |
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Has Education - Funds |
Yes | Yes |
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Has Education - Retirement |
Yes | Yes |
|
Client Webinars |
No | No |
|
Client Webinars (Archived) |
No | No |
| Education |
Overall
| Feature | Lloyds Bank | Halifax |
| Lloyds Bank Review | Halifax Review | |
| Overall | ||
| Winner | check_circle |
For our 2020 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Halifax 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, Lloyds 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.
1 Trade Per Month - Halifax is cheaper. Halifax would only cost £150 each year while Lloyds Bank would cost £172.
3 Trades Per Month - Lloyds Bank is less expensive under this scenario. Lloyds Bank would cost £436 per year while Halifax would cost £450.
10 Trades Per Month - Lloyds Bank is the better choice. Annual fees with Lloyds Bank would total £1000, while annual fees with Halifax would be £1500.
20 Trades Per Month - Lloyds Bank costs less in this scenario. Total annual costs with Lloyds Bank would equal £1960, while Halifax would equal £3000.
Which broker offers a wider range of investment options?
Lloyds Bank offers a more diverse selection of investment options than Halifax. 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 Halifax is better for research than Lloyds Bank. Halifax offers more research options, including research reports, articles, and analyst ratings.
Which trading platform is better?
To compare the trading platforms of both Halifax and Lloyds Bank, we tested each broker's trading tools and share dealing app. All features compared, Lloyds Bank offers a better share dealing platform.
Overall, between Halifax and Lloyds Bank, Lloyds Bank is the winner.
Halifax ReviewLloyds Bank Review
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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.
