Halifax vs Lloyds Bank Comparison
For our 2022 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, Fineco 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.
5 trades per year - Halifax would cost £83.5 per year, while Lloyds Bank would cost £47.5 per year.
12 trades per year - Halifax would cost £150 per year, while Lloyds Bank would cost £172 per year.
36 trades per year - Halifax would cost £450 per year, while Lloyds Bank would cost £436 per year.
120 trades per year - Halifax would cost £1500 per year, while Lloyds Bank would cost £1000 per year.
3 fund trades per year - Halifax would cost £64.5 per year, while Lloyds Bank would cost £44.5 per year.
Which broker offers a wider range of investment options?
Both Halifax and Lloyds Bank offer ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts and Advisor Services, neither have CFD Trading, Spread Betting and Crypto 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 broker offers better research?
Our testing concluded that Fineco Bank is better for research than Halifax. Fineco Bank 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 website, trading platform, trading tools and stock trading app. All features compared, Fineco Bank offers a better share dealing platform and Fineco Bank offers a better stock app for mobile trading.
Overall winner: Fineco Bank
Read Next: Best UK Trading Platforms 2022
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