Written by StockBrokers.com
In this head to head comparison of Halifax vs Revolut, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
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, Halifax offers better pricing than Revolut 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 £83.50 per year, while Revolut would cost £0 per year.
12 trades per year - Halifax would cost £150 per year, while Revolut would cost £0 per year.
36 trades per year - Halifax would cost £378 per year, while Revolut would cost £47.88 per year.
120 trades per year - Halifax would cost £1,176 per year, while Revolut would cost £540 per year.
3 fund trades per year - Halifax would cost £0 per year, while Revolut would cost £0 - £540 per year.
What type of trader are you?
New to the world of investing? See our picks for the Best UK Trading Platforms for Beginners. More experienced traders should read our guide to the Best UK Trading Platforms for Active Traders.
When comparing Halifax and Revolut for investment options, there are notable differences in their offerings. Halifax does not provide share or crypto trading opportunities, unlike Revolut, which excels in these areas. However, Halifax stands out with its diversified options in trading ETFs, funds, corporate bonds, government bonds (gilts), and investment trusts. Furthermore, Halifax offers advisor services, providing comprehensive support to its clients. On the other hand, Revolut does not support trading in ETFs, funds, bonds, or investment trusts, nor does it offer advisor services, making it less versatile for users seeking a wide array of investment choices.
In terms of ratings, Halifax achieves a commendable 5-star rating for investment choices from UK.StockBrokers.com, securing a #7 position out of 18 brokers. This reflects its strong offering in traditional investment avenues. Meanwhile, Revolut receives a 3.5-star rating and lacks a specific ranking, indicating room for improvement in its investment selection. Overall, Halifax suits investors looking for established investment options, whereas Revolut is more geared towards those interested in modern digital investments like crypto and shares.
| Feature |
Halifax
|
Revolut
|
|---|---|---|
| Share Trading | No | Yes |
| CFD Trading | No | No |
| ETFs | Yes | No |
| Funds | Yes | No |
| Bonds - Government (Gilts) | Yes | No |
| Investment Trusts | Yes | No |
| Spread Betting | No | No |
| Crypto Trading | No | Yes |
| Advisor Services | Yes | No |
| Investment Choices |
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Professional’s Gateway to the World’s Markets.
Low-cost US and UK shares.
When comparing the trading tools of Halifax and Revolut, it's clear that both platforms provide a basic suite of features, but Revolut edges out slightly with real-time market data. Neither Halifax nor Revolut offers the ability to display corporate events like earnings, splits, or dividends on their charts. Additionally, both lack drawing tools, technical indicators, and the functionality to add notes or overlays to charts, which might be disappointing for more advanced traders. However, both brokers do support the creation of alerts for stock price updates, a feature valuable to traders who need to keep a close watch on market movements.
Halifax distinguishes itself by providing a browser-based trading platform, which some users might find more convenient for conducting trades directly from their web browser. In contrast, while Revolut lacks this feature, it compensates with the provision of real-time market data, ensuring users are accessing the most up-to-date information. Ultimately, the choice between Halifax and Revolut may come down to whether prioritizing a web-based platform or accessing live data holds more value for your trading needs.
| Feature |
Halifax
|
Revolut
|
|---|---|---|
| Web Platform | Yes | No |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 0 | 0 |
| Charting - Drawing Tools | 0 | 0 |
| Charting - Notes | No | No |
| Charting - Display Corporate Events | No | No |
| Charting - Stock Overlays | No | No |
| Charting - Index Overlays | No | No |
When comparing the retirement account offerings of Halifax and Revolut, there are significant differences to consider for prospective investors. Halifax provides both ISA and SIPP accounts, offering greater flexibility for those planning their retirement savings and investments. This means with Halifax, you can benefit from tax-efficient saving through an ISA account or enjoy the advantages of a personal pension with a SIPP account. On the other hand, Revolut does not currently offer ISA or SIPP accounts, potentially limiting options for those specifically seeking retirement-specific investment opportunities. Therefore, if having access to retirement accounts is a priority, Halifax may be the more suitable choice.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
Both Halifax and Revolut provide apps for iPhone and Android users, making it convenient for investors to trade on the go. According to UK.StockBrokers.com, Halifax's mobile app is rated 3.5 out of 5 stars, ranking it #14 out of 18 brokers in their mobile apps category. On the other hand, Revolut's app is favored slightly more with a 4-star rating; however, it doesn't have a direct ranking in the mentioned category. Whether you're looking for a traditional online broker like Halifax or a more modern, fintech-driven platform like Revolut, both options offer mobile apps to suit your trading preferences.
Dive deeper: Best Stock Trading Apps UK.
When it comes to beginner investor educational resources, both Halifax and Revolut fall short in offering comprehensive learning tools. Neither platform provides educational client webinars, whether live or archived for on-demand viewing, nor do they cover specific investment topics like share trading, funds, or retirement planning. Despite this, both Halifax and Revolut receive a 3.5-star rating for beginner education from UK.StockBrokers.com. However, in a ranking of 18 brokers, Halifax stands at #16, while Revolut does not hold a position. For novice investors looking for extensive educational content, both platforms may not fulfill all informational needs.
| Feature |
Halifax
|
Revolut
|
|---|---|---|
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Education (Share Trading) | No | No |
| Education (Funds) | No | No |
| Education (Retirement) | No | No |
| Education |
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|
Dive deeper: Best UK Trading Platforms for Beginners.
When comparing Halifax to Revolut for market research features, there are several key differences to consider. Both Halifax and Revolut provide shares research, but while Halifax offers research reports for ETFs, funds, and bonds, Revolut only provides shares research. Additionally, only Revolut allows you to view your portfolio allocation by asset class, which can be a valuable tool for investors looking to diversify or analyze their investments in more detail. Neither platform offers research for CFDs or research reports specifically for funds. Overall, Halifax might cater more to those needing comprehensive asset research, while Revolut offers the advantage of portfolio allocation insights.
| Feature |
Halifax
|
Revolut
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - CFDs | No | No |
| Research - ETFs | Yes | No |
| Research - Bonds | Yes | No |
| Research - Funds | Yes | No |
| Fund Research - Research Reports | No | No |
| Portfolio Allocation Breakdown | No | Yes |
Which broker is better overall, Halifax or Revolut? After collecting more than 900 data points over a 10-week period, we found Halifax to be a better trading platform overall.
If you are already a Halifax bank customer, it may be worth signing up to Halifax online share dealing for simplicity. The charges are in line with some other brokers, but more expensive than others. If you have a large investment portfolio you may benefit from the low annual management fee of £36. If you are new to Halifax, there may be a better platform for you that is cheaper and easier to open.
| Feature |
Halifax
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Revolut
|
|---|---|---|
| Overall Rating |
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| Charges & Fees |
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| Investment Choices |
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| Mobile App |
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| Website |
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| Ease of Use |
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Halifax does not offer crypto trading, whereas Revolut provides users with the capability to trade cryptocurrencies.
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0 of 5| Overall Rating | Halifax | Revolut | |
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| Review | Halifax Review | Revolut Review | |
| Winner | check_circle |
| Investments | Halifax | Revolut | |
|---|---|---|---|
| ISA | Yes | No | |
| SIPP | Yes | No | |
| Share Trading | No | Yes | |
| CFD Trading | No | No | |
| Funds | Yes | No | |
| ETFs | Yes | No | |
| Bonds - Corporate | Yes | No | |
| Bonds - Government (Gilts) | Yes | No | |
| Investment Trusts | Yes | No | |
| Spread Betting | No | No | |
| Crypto Trading | No | No | |
| Advisor Services | Yes | No |
| Trading Fees | Halifax | Revolut | |
|---|---|---|---|
| Minimum Deposit | £0 | £0 - £540 | |
| Share Trading: 0-9 Deals/ Month | £9.50 | £0 | |
| Share Trading: 10-19 Deals/ Month | £9.50 | 0.25% or £1 | |
| Share Trading: 20+ Deals/ Month | £9.50 | 0.25% or £1 | |
| 5 trades per year (£30k portfolio) | £83.50 | £0 | |
| 12 trades per year (£30k portfolio) | £150 | £0 | |
| 36 trades per year (£30k portfolio) | £378 | £47.88 | |
| 120 trades per year (£30k portfolio) | £1,176 | £540 | |
| 3 fund trades per year (£30k portfolio) | £64.50 | N/A | |
| Annual Custody Fee: £0 - £250,000 | £36 | £0 - £45 | |
| Annual Custody Fee: £250K-£500K | £36 | £0 - £45 | |
| Annual Custody Fee: £500,000 - £1m | £36 | £0 - £45 | |
| Annual Custody Fee: £1m and over | £36 | £0 - £45 | |
| Bonds - Corporate - Fee | £9.5 | N/A | |
| Bonds - Government (Gilts) - Fee | £9.5 | N/A | |
| ETFs - Fee | £9.5 | N/A | |
| Investment Trusts - Fee | £9.5 | N/A | |
| Telephone Dealing Fee | £25 | N/A |
| Broker Screenshots | Halifax | Revolut | |
|---|---|---|---|
| Website Gallery (click to expand) |
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| Mobile Trading Apps Gallery (click to expand) |
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| Education Gallery (click to expand) |
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| Platforms & Tools | Halifax | Revolut | |
|---|---|---|---|
| Web Platform | Yes | No | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 0 | 0 | |
| Charting - Drawing Tools | 0 | 0 | |
| Charting - Notes | No | No | |
| Charting - Display Corporate Events | No | No | |
| Charting - Stock Overlays | No | No | |
| Charting - Index Overlays | No | No |
| Research | Halifax | Revolut | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | No | No | |
| Research - Funds | Yes | No | |
| Fund Research - Research Reports | No | No | |
| Research - ETFs | Yes | No | |
| Research - Bonds | Yes | No | |
| Portfolio Allocation Breakdown | No | Yes |
| Education | Halifax | Revolut | |
|---|---|---|---|
| Education (Share Trading) | No | No | |
| Education (Funds) | No | No | |
| Education (Retirement) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No |
| Overall Summary | Halifax | Revolut | |
|---|---|---|---|
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| Review | Halifax Review | Revolut Review | |
| Winner | check_circle |
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