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Lloyds Bank vs Halifax 2020

Your capital is at risk.
Is Halifax better than Lloyds Bank? After scoring the best share dealing accounts across 46 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
8 to 11 £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
83 83
Charting - Drawing Tools
17 17
Charting - Notes
Yes Yes
Charting - Display Corporate Events
No No
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

For our 2020 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, Lloyds 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.

1 Trade Per Month - Halifax is cheaper. Halifax would only cost £150 each year while Lloyds Bank would cost £172.

3 Trades Per Month - Lloyds Bank is less expensive under this scenario. Lloyds Bank would cost £436 per year while Halifax would cost £450.

10 Trades Per Month - Lloyds Bank is the better choice. Annual fees with Lloyds Bank would total £1000, while annual fees with Halifax would be £1500.

20 Trades Per Month - Lloyds Bank costs less in this scenario. Total annual costs with Lloyds Bank would equal £1960, while Halifax would equal £3000.

Which broker offers 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.

Which platform offers better research?

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?

To compare the trading platforms of both Halifax and Lloyds Bank, we tested each broker's trading tools and share dealing app. All features compared, Lloyds Bank offers a better share dealing platform.

Overall, between Halifax and Lloyds Bank, Lloyds Bank is the winner.

Halifax Review
Lloyds Bank Review

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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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