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Halifax vs Lloyds Bank 2020

Your capital is at risk.
Is Halifax better than Lloyds Bank? After ranking 12 UK brokerages who all offer share dealing in our 2019 review, Lloyds Bank is better than Halifax. Lloyds Bank offers trades between £8 - £11, with the opportunity to receive £1.50 trades with reoccurring investments. Overall, the average platform, tools, and research, as well as the lack of a mobile app, do not justify joining Lloyds unless you make reoccurring investments.

Overall Rating

Feature Halifax Lloyds Bank
Overall 3.5 3.5
Halifax Review Lloyds Bank Review

Trading Fees

Feature Halifax Lloyds Bank
Share Trading: 0-9 Deals/ Month
£12.50 £11.00
Share Trading: 10-19 Deals/ Month
£12.50 £8.00
Share Trading: 20+ Deals/ Month
£12.50 £8.00
Annual Custody Fee: £0 - £250,000*
£0 £40.00
Bonds - Government (Gilts) - Fee
£25.00 £11.00
ETFs - Fee
£12.50 £11.00
Investment Trusts - Fee
£12.50 £11.00
Telephone Dealing Fee*
£25.00 £35.00
Commissions & Fees 3 3.5
Winner check_circle

Platforms & Tools

Feature Halifax Lloyds Bank
Desktop Platform (Windows)
No No
Web Platform
Yes Yes
iPhone App
No No
Android App
No No
Stock Alerts
Yes Yes
Charting - Indicators / Studies
91 91
Charting - Drawing Tools
17 17
Charting - Notes
No No
Charting - Display Corporate Events
Yes Yes
Charting - Stock Overlays
No No
Platform & Tools 3.5 3.5
Winner check_circle

Research

Feature Halifax Lloyds Bank
Research - Shares
Yes Yes
Research - CFDs
No No
Research - Funds
Yes Yes
Fund Research - Research Reports
No No
Research - ETFs
Yes Yes
Research - Bonds
Yes Yes
Portfolio Allocation Breakdown
Yes Yes
Research 4 4
Winner check_circle

Investments

Feature Halifax Lloyds Bank
Share Trading
Yes Yes
CFD Trading
No No
Funds
Yes Yes
ETFs
Yes Yes
Bonds - Corporate
Yes Yes
Bonds - Government (Gilts)
Yes Yes
Investment Trusts
Yes Yes
Spread Betting
No No
Advisor Services
Yes Yes
Offering of Investments 4 4
Winner check_circle

Education

Feature Halifax Lloyds Bank
Has Education - Share Trading
Yes Yes
Has Education - Funds
Yes Yes
Has Education - Retirement
Yes Yes
Client Webinars
No No
Client Webinars (Archived)
No No
Education 3.5 3.5

Overall

Feature Halifax Lloyds Bank
Halifax Review Lloyds Bank Review
Overall 3.5 3.5
Winner check_circle
To find a right broker for share dealing, we spent seven months and hundreds of hours of assessing 12 different share dealing brokers based in the UK. Here, we will focus on two brokers and compare Halifax vs Lloyds Bank.

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.

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