Lloyds Bank vs Halifax Review

Our UK.StockBrokers.com team spent seven months and hundreds of hours assessing ten different share dealing accounts for buying shares online in the UK. In total, 124 individual variables were assessed. For this review, we will compare Halifax vs Lloyds Bank.

To start this comparison, first, we will take a look at the fees charged for dealing in the UK. 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. Both Halifax and Lloyds Bank hold a 4.00 star rating.

Cost aside, we can now turn our focus to popular tools and features investors prefer in the UK. Account access is certainly at the top of the list, and Halifax and Lloyds Bank provide clients with ISA and SIPP. Looking at charting, the number of drawing tools and total technical indicators made available are important as well as stock alerts. Both brokers offer clients access to the same number of charting tools, 1. Both Halifax and Lloyds Bank provide clients with access to 43 total indicators (eg, moving averages). Halifax alongside Lloyds Bank offer basic stock alerts. Finally, for conducting research while share dealing, having access to mutual fund research reports is also helpful. Halifax nor Lloyds Bank offers fund research reports.

Overall, Halifax takes the upper hand with 3.50 stars over Lloyds Bank's 3.00 stars. And, when it comes to individual category awards, Halifax posted awards Best in Class - Customer Service in 2017, while Lloyds Bank found itself with none of these.