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Halifax vs Lloyds Bank 2020
Your capital is at risk.
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Overall Rating
| Feature | Halifax | Lloyds Bank |
| Overall | ||
| Halifax Review | Lloyds Bank Review |
Trading Fees
| Feature | Halifax | Lloyds Bank |
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Share Trading: 0-9 Deals/ Month |
£12.50 | £11.00 |
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Share Trading: 10-19 Deals/ Month |
£12.50 | £8.00 |
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Share Trading: 20+ Deals/ Month |
£12.50 | £8.00 |
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Annual Custody Fee: £0 - £250,000* |
£0 | £40.00 |
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Bonds - Government (Gilts) - Fee |
£25.00 | £11.00 |
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ETFs - Fee |
£12.50 | £11.00 |
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Investment Trusts - Fee |
£12.50 | £11.00 |
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Telephone Dealing Fee* |
£25.00 | £35.00 |
| Commissions & Fees | ||
| Winner | check_circle |
Platforms & Tools
| Feature | Halifax | Lloyds Bank |
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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 |
91 | 91 |
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Charting - Drawing Tools |
17 | 17 |
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Charting - Notes |
No | No |
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Charting - Display Corporate Events |
Yes | Yes |
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Charting - Stock Overlays |
No | No |
| Platform & Tools | ||
| Winner | check_circle |
Research
| Feature | Halifax | Lloyds Bank |
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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 | Halifax | Lloyds Bank |
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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 |
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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 | Halifax | Lloyds Bank |
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Has Education - Share Trading |
Yes | Yes |
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Has Education - Funds |
Yes | Yes |
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Has Education - Retirement |
Yes | Yes |
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Client Webinars |
No | No |
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Client Webinars (Archived) |
No | No |
| Education |
Overall
| Feature | Halifax | Lloyds Bank |
| Halifax Review | Lloyds Bank Review | |
| Overall | ||
| Winner | check_circle |
Our comparison begins with the fees charged for dealing shares in the UK and being a client. The two main charges to focus on include the cost to place each trade alongside the monthly, quarterly, or annual management fee charged (varies depending on the type and size of your portfolio). We researched both to provide a single star rating for cost. Lloyds Bank received a rating of 3.50 stars over Halifax's 3.00 stars.
Further breaking down costs, we analyzed four different trading scenarios. For all four scenarios, we are assuming a £30,000 portfolio for custody fees.
Scenario 1 - 12 trades per year, or 1 trade per month. Lloyds Bank charges £172 and Halifax charges £150.
Scenario 2 - 3 trades per month, for a total of 36 trades per year. Halifax would charge £450 while Lloyds Bank would charge £436.
Scenario 3 - If you make 10 trades a month, or 120 per year, the fees with Halifax wold be £1500 and the fees with Lloyds Bank would be £1000.
Scenario 4 - 20 trades per month, for a total of 240 trades per year. Halifax would charge £3000 while Lloyds Bank would charge £1960.
Account charges aside, we can now compare features and tools investors want in their share dealing accounts. Access to the investments is important, and Halifax and Lloyds Bank provide clients with ISA and SIPP. Also, some investors require a high-quality charting experience, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. Both brokers offer clients access to the same number of charting tools, 17. Halifax and Lloyds Bank offer the same number of indicators (eg, volume), 91. Halifax alongside Lloyds Bank offer basic stock alerts. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Neither Halifax and Lloyds Bank offer fund research reports.
Overall, between Halifax and Lloyds Bank, Lloyds Bank is the winner.
Halifax Review
Lloyds Bank Review
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.
