Written by StockBrokers.com
In this head to head comparison of Lloyds Bank vs Halifax, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
Your capital is at risk.
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, Halifax offers better pricing than Lloyds Bank for share dealing.
What type of trader are you?
New to the world of investing? See our picks for the Best UK Trading Platforms for Beginners. More experienced traders should read our guide to the Best UK Trading Platforms for Active Traders.
Lloyds Bank and Halifax offer very similar investment choices for online accounts. Both let you trade shares, ETFs and funds, as well as corporate bonds, government bonds (gilts) and investment trusts. Neither supports crypto or CFD trading, and both offer access to adviser services. Spread betting isn’t listed by either provider.
For investment choice, UK.StockBrokers.com rates both Lloyds Bank and Halifax at 4.5 out of 5 stars. Halifax ranks 7th out of 21 brokers, with Lloyds Bank close behind in 8th. With near‑identical product ranges, your decision may hinge more on fees, platform tools and account features than on available investments.
| Feature |
Lloyds Bank
|
Halifax
|
|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | No | No |
| ETFs | Yes | Yes |
| Mutual Funds | Yes | Yes |
| Bonds - Government (Gilts) | Yes | Yes |
| Investment Trusts | Yes | Yes |
| Spread Betting | No | No |
| Crypto Trading | No | No |
| Advisor Services | Yes | Yes |
| Investment Choices |
|
|
Low-cost US and UK shares.
Professional’s Gateway to the World’s Markets.
Lloyds Bank vs Halifax for trading tools: Neither platform shows corporate events (earnings, splits, dividends) on charts. Halifax lists 8 drawing tools, while Lloyds Bank’s drawing-tool count isn’t available. For technical indicators, Lloyds Bank offers 93 and Halifax 95. Both let you add notes to charts, but neither supports index or stock overlays.
Beyond charts, both Lloyds Bank and Halifax provide browser-based trading and let you set price alerts. However, neither includes real-time market data, so quotes are delayed. For UK investors choosing between them, Halifax edges ahead slightly on indicator count and disclosed drawing tools, while the core features are otherwise very similar.
| Feature |
Lloyds Bank
|
Halifax
|
|---|---|---|
| Web Platform | Yes | Yes |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 93 | 95 |
| Charting - Drawing Tools | 8 | |
| Charting - Notes | Yes | Yes |
| Charting - Display Corporate Events | No | No |
| Charting - Stock Overlays | No | No |
| Charting - Index Overlays | No | No |
Lloyds Bank and Halifax are popular choices for UK investors seeking online brokerage services, each offering a similar range of retirement-focused accounts. Both platforms provide Individual Savings Accounts (ISAs) and Self-Invested Personal Pensions (SIPPs), allowing investors to save for retirement while enjoying tax benefits. Whether you choose Lloyds Bank or Halifax, you can expect a straightforward experience in managing your retirement savings with the ability to invest in a range of assets tailored to your financial goals. The choice between the two may ultimately come down to specific service preferences or additional features offered by each platform.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
When comparing mobile apps from Lloyds Bank and Halifax, both offer iPhone and Android apps, making banking on the go a breeze for users of either platform. Each app has been rated 3.5 stars out of 5 by UK.StockBrokers.com, reflecting a similar level of satisfaction and features for users. When it comes to ranking out of 21 brokers, there’s a slight edge for Lloyds Bank, claiming the 17th spot, while Halifax comes in at 18th place. Both options provide reliable mobile solutions for managing your finances with ease.
Dive deeper: Best Stock Trading Apps UK.
Lloyds Bank and Halifax both lack educational client webinars and on-demand replays, but they differ on learning content for beginners: Halifax offers guides on share trading, funds and retirement, while Lloyds Bank does not. Even so, UK.StockBrokers.com rates both at 4 stars for beginner education, with Lloyds ranked 14th of 21 brokers and Halifax 18th of 21. For UK investors prioritising topic coverage, Halifax has more materials; for those weighing independent rankings, Lloyds edges ahead.
| Feature |
Lloyds Bank
|
Halifax
|
|---|---|---|
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Education (Share Trading) | No | Yes |
| Education (Funds) | No | Yes |
| Education (Retirement) | No | Yes |
| Education |
|
|
Dive deeper: Best UK Trading Platforms for Beginners.
Lloyds Bank and Halifax offer similar market research tools for UK investors: both provide research reports for funds and coverage of shares, ETFs, funds, and bonds, helping you compare investments easily. However, neither platform displays portfolio allocation by asset class, so you may need a separate tool for that. If you’re choosing between Lloyds Bank and Halifax on research features alone, they’re largely like-for-like.
| Feature |
Lloyds Bank
|
Halifax
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - ETFs | Yes | Yes |
| Research - Bonds | Yes | Yes |
| Research - Funds | Yes | Yes |
| Fund Research - Research Reports | Yes | Yes |
| Portfolio Allocation Breakdown | No | No |
Which broker is better overall, Lloyds Bank or Halifax? After collecting more than 900 data points over a 10-week period, we found Lloyds Bank to be a better trading platform overall.
It's easy for current Lloyds Bank customers to open a Lloyds Bank Share Dealing investment account. But there are other platforms that are easier, more comprehensive and cheaper to use, including Halifax, which is also owned by Lloyds Banking Group.
| Feature |
Lloyds Bank
|
Halifax
|
|---|---|---|
| Overall Rating |
|
|
| Charges & Fees |
|
|
| Investment Choices |
|
|
| Mobile App |
|
|
| Website |
|
|
| Ease of Use |
|
|
| Education |
|
|
Both Lloyds Bank and Halifax online brokerage platforms do not offer crypto trading options, ensuring a straightforward approach for investors focused on traditional financial products.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Lloyds Bank | Halifax | |
|---|---|---|---|
| Overall Rating |
|
| |
| Charges & Fees |
|
| |
| Investment Choices |
|
| |
| Mobile App |
|
| |
| Website |
|
| |
| Ease of Use |
|
| |
| Education |
|
| |
| Review | Lloyds Bank Review | Halifax Review | |
| Winner | check_circle |
| Investments | Lloyds Bank | Halifax | |
|---|---|---|---|
| ISA | Yes | Yes | |
| SIPP | Yes | Yes | |
| Share Trading | Yes | Yes | |
| CFD Trading | No | No | |
| Mutual Funds | Yes | Yes | |
| ETFs | Yes | Yes | |
| Bonds - Corporate | Yes | Yes | |
| Bonds - Government (Gilts) | Yes | Yes | |
| Investment Trusts | Yes | Yes | |
| Spread Betting | No | No | |
| Crypto Trading | |||
| Advisor Services | Yes | Yes |
| Trading Fees | Lloyds Bank | Halifax | |
|---|---|---|---|
| Minimum Deposit | £1 | £0 | |
| Share Trading: 0-9 Deals/ Month | £9.50 | £9.50 | |
| Share Trading: 10-19 Deals/ Month | £8 | £9.50 | |
| Share Trading: 20+ Deals/ Month | £8 | £9.50 | |
| 5 trades per year (£30k portfolio) | |||
| 12 trades per year (£30k portfolio) | |||
| 36 trades per year (£30k portfolio) | |||
| 120 trades per year (£30k portfolio) | |||
| 3 fund trades per year (£30k portfolio) | |||
| Annual Platform Fee (Funds): £0 - £250,000 | £36 | £36 | |
| Annual Platform Fee (Funds): £250K-£500K | £36 | £36 | |
| Annual Platform Fee (Funds): £500,000 - £1m | £36 | £36 | |
| Annual Platform Fee (Funds): £1m and over | £36 | £36 | |
| Bonds - Corporate - Fee | £9.50 | £9.50 | |
| Bonds - Government (Gilts) - Fee | £9.50 | £9.50 | |
| ETFs - Fee | £9.50 | £0 / £3.50 / £9.50 | |
| Investment Trusts - Fee | N/A | £0 / £3.50 / £9.50 | |
| Telephone Dealing Fee | £35 | £25 |
| Broker Screenshots | Lloyds Bank | Halifax | |
|---|---|---|---|
| Website Gallery (click to expand) |
|
| |
| Mobile Trading Apps Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
| Platforms & Tools | Lloyds Bank | Halifax | |
|---|---|---|---|
| Web Platform | Yes | Yes | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 93 | 95 | |
| Charting - Drawing Tools | 8 | ||
| Charting - Notes | Yes | Yes | |
| Charting - Display Corporate Events | No | No | |
| Charting - Stock Overlays | No | No | |
| Charting - Index Overlays | No | No |
| Research | Lloyds Bank | Halifax | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | |||
| Research - Funds | Yes | Yes | |
| Fund Research - Research Reports | Yes | Yes | |
| Research - ETFs | Yes | Yes | |
| Research - Bonds | Yes | Yes | |
| Portfolio Allocation Breakdown | No | No |
| Education | Lloyds Bank | Halifax | |
|---|---|---|---|
| Education (Share Trading) | No | Yes | |
| Education (Funds) | No | Yes | |
| Education (Retirement) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No |
| Overall Summary | Lloyds Bank | Halifax | |
|---|---|---|---|
| Overall Rating |
|
| |
| Charges & Fees |
|
| |
| Investment Choices |
|
| |
| Mobile App |
|
| |
| Website |
|
| |
| Ease of Use |
|
| |
| Education |
|
| |
| Review | Lloyds Bank Review | Halifax Review | |
| Winner | check_circle |
Trading 212 Review
Interactive Brokers Review
Hargreaves Lansdown Review
XTB Review
IG Group Review
eToro Review
Saxo Review
CMC Invest Review
Freetrade Review
Halifax Review
Vanguard Review
