Stockbrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure

Lloyds Bank vs Halifax 2020

Your capital is at risk.
Is Halifax better than Lloyds Bank? After scoring UK share dealing accounts on over 40 different variables, 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 Lloyds Bank Halifax
Overall 3.5 3.5
Lloyds Bank Review Halifax Review

Trading Fees

Feature Lloyds Bank Halifax
Share Trading: 0-9 Deals/ Month
£11.00 £12.50
Share Trading: 10-19 Deals/ Month
£8.00 £12.50
Share Trading: 20+ Deals/ Month
£8.00 £12.50
Annual Custody Fee: £0 - £250,000*
£40 (flat) 0%
Bonds - Government (Gilts) - Fee
£11.00 £25.00
ETFs - Fee
£11.00 £12.50
Investment Trusts - Fee
£11.00 £12.50
Telephone Dealing Fee*
£35.00 £25.00
Commissions & Fees 3.5 3
Winner check_circle

Platforms & Tools

Feature Lloyds Bank Halifax
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 Lloyds Bank Halifax
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 Lloyds Bank Halifax
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 Lloyds Bank Halifax
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 Lloyds Bank Halifax
Lloyds Bank Review Halifax Review
Overall 3.5 3.5
Winner check_circle

Our UK.StockBrokers.com team spent seven months and hundreds of hours assessing 12 different share dealing accounts for buying shares online in the UK. In total, 46 individual variables were assessed. For this review, we will compare Halifax vs Lloyds Bank.

Which broker is cheaper: Halifax or Lloyds Bank?

It's important to note that not only is there the cost to place the trade, but most share dealing brokers also charge a monthly, quarterly, or annual management fee depending on the type and size of your portfolio. We assessed 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.

1 Trade Per Month - Halifax only charges £150 while Lloyds Bank charges £172.

3 Trades Per Month - Lloyds Bank is cheaper under this scenario. Lloyds Bank would cost £436 while Halifax would cost £450.

10 Trades Per Month - Lloyds Bank is the cheaper option. Fees with Lloyds Bank would be £1000 while fees with Halifax would be £1500.

20 Trades Per Month - Lloyds Bank costs less in this case. Lloyds Bank charges £1960 while Halifax charges £3000.

The annual management fee for each broker, which is a percentage of total assets, is as follows under a £30,000 portfolio Halifax charges 0% while Lloyds Bank charges £40 (flat).

Does Halifax or Lloyds Bank offer 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.

Is Halifax or Lloyds Bank better for research?

Research helps traders analyze potential investments, examine market sentiment, and learn about companies on a high-level. 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: Halifax or Lloyds Bank?

To compare the trading platforms of both Halifax and Lloyds Bank, we tested each broker's trading tools. Overall, Lloyds Bank offers a better experience. Looking at charting, Halifax and Lloyds Bank offer the same number of charting tools, 17. Halifax and Lloyds Bank offer the same number of indicators (eg, volume), 91.

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.

arrow_drop_upBack to top