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Halifax vs Revolut 2024

StockBrokers.com

Written by StockBrokers.com

August 06, 2024

Is Halifax better than Revolut? After scoring the best share dealing accounts across 46 different variables, our analysis finds that Halifax is better than Revolut. 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.

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Compare

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Overall Rating Halifax Revolut
Overall Rating 4/5 Stars 3.5/5 Stars
Charges & Fees 4/5 Stars 4/5 Stars
Investment Choices 4.5/5 Stars 3.5/5 Stars
Mobile App 3.5/5 Stars 4/5 Stars
Website 4/5 Stars 1/5 Stars
Ease of Use 4/5 Stars 4.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Review Halifax Review Revolut Review
Winner check_circle
Investments Halifax Revolut
ISA info Yes No
SIPP info Yes No
Share Trading info No Yes
CFD Trading info No No
Funds info Yes No
ETFs info Yes No
Bonds - Corporate info Yes No
Bonds - Government (Gilts) info Yes No
Investment Trusts info Yes No
Spread Betting info No No
Crypto Trading info No No
Advisor Services info No No
Trading Fees Halifax Revolut
Minimum Deposit info £0 £0 - £540 info
Share Trading: 0-9 Deals/ Month info £9.50 - £85.50 £0
Share Trading: 10-19 Deals/ Month info £95 - £180.50 0.25% or £1 info
Share Trading: 20+ Deals/ Month info £190+ 0.25% or £1 info
5 trades per year (£30k portfolio) info £36 - £83.50 £0 info
12 trades per year (£30k portfolio) info £36 - £150 £0 info
36 trades per year (£30k portfolio) info £36 - £450 £47.88 info
120 trades per year (£30k portfolio) info £36 - £1,176 £540 info
3 fund trades per year (£30k portfolio) info £36 - £64.50 N/A
Annual Custody Fee: £0 - £250,000 info £36 £0 - £45
Annual Custody Fee: £250K-£500K info £36 £0 - £45
Annual Custody Fee: £500,000 - £1m info £36 £0 - £45
Annual Custody Fee: £1m and over info £36 £0 - £45
Bonds - Corporate - Fee info £9.5 N/A
Bonds - Government (Gilts) - Fee info £9.5 N/A
ETFs - Fee info £9.5 N/A
Investment Trusts - Fee info £9.5 N/A
Telephone Dealing Fee info £25 N/A
Broker Screenshots Halifax Revolut
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Platforms & Tools Halifax Revolut
Web Platform info Yes No
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info No Yes
Charting - Indicators / Studies info 0 0
Charting - Drawing Tools info 0 0
Charting - Notes info No No
Charting - Display Corporate Events info No No
Charting - Stock Overlays info No No
Charting - Index Overlays info No No
Research Halifax Revolut
Research - Shares info Yes Yes
Research - CFDs info No No
Research - Funds info Yes No
Fund Research - Research Reports info No No
Research - ETFs info Yes No
Research - Bonds info Yes No
Portfolio Allocation Breakdown info No Yes
Education Halifax Revolut
Education (Share Trading) info No No
Education (Funds) info No No
Education (Retirement) info No No
Client Webinars info No No
Client Webinars (Archived) info No No
Overall Summary Halifax Revolut
Overall Rating 4/5 Stars 3.5/5 Stars
Charges & Fees 4/5 Stars 4/5 Stars
Investment Choices 4.5/5 Stars 3.5/5 Stars
Mobile App 3.5/5 Stars 4/5 Stars
Website 4/5 Stars 1/5 Stars
Ease of Use 4/5 Stars 4.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Review Halifax Review Revolut Review
Winner check_circle
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Comparing online share dealing platforms side by side is no small task. For our 2024 review of U.K. brokers, more than 900 data points were collected over a 10-week period and used to score each broker. Let’s compare Halifax and Revolut.

Halifax vs Revolut Comparison

For our 2024 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Halifax vs Revolut.

Is Halifax a good broker?

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.

Is Revolut a good broker?

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, 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 £36 - £83.50 per year, while Revolut would cost £0 per year.

12 trades per year - Halifax would cost £36 - £150 per year, while Revolut would cost £0 per year.

36 trades per year - Halifax would cost £36 - £450 per year, while Revolut would cost £47.88 per year.

120 trades per year - Halifax would cost £36 - £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.

query_stats What type of trader are you?

New to the world of investing? See my picks for the best UK trading platforms for beginners. More experienced traders should check out my guide to the best UK Trading Platforms for Active Traders. If you're looking to trade shares on the go, read my guide to the best UK stock trading apps.

How do Halifax and Revolut compare in terms of minimum deposits required?

Halifax requires a minimum deposit of £0, while Revolut requires a minimum deposit of £0 - £540. From our testing we found for accounts between £0 - £250,000 Halifax charges annual custody fees of £36, while Revolut charges annual custody fees of £0 - £45.

Which broker offers a wider range of investment options?

Halifax offers investors access to ISA, SIPP, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts, while Revolut offers investors access to Share Trading and Crypto Trading. Neither have CFD Trading, Spread Betting and Advisor Services. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Do Halifax and Revolut offer ISA or SIPP accounts?

Self-invested personal pensions (SIPPs) and individual savings accounts (ISAs) are tax-advantaged savings accounts that are an important tool for many individual investors. You can read more about how these accounts operate at Gov.UK: Click here for SIPP information and here for ISA information. Our analysis finds that Halifax offers traders access to SIPP and ISA accounts, while Revolut offers traders access to neither of these accounts.

Do Halifax and Revolut offer cryptocurrency?

In our analysis of top brokers for share dealing in the U.K., we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum, which is still a somewhat rare offering amongst major U.K. brokers. Our review finds that Revolut offers crypto investing, while Halifax does not.

Which broker offers a better website experience?

Our testing concluded that the website of Halifax is better than the website of Revolut. Halifax offers more functionality, is cleanly designed, and is, overall, easier to use for beginners and casual investors.

Which stock trading app is better?

To compare the trading platforms of both Halifax and Revolut, we tested each broker's stock trading app. All features compared, our analysis finds that Halifax offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.

Do Halifax and Revolut offer educational resources?

Educational offerings are of particular importance to those who are newer to investing, and we examine the availability of several different types of educational materials in our analysis. Our research finds that unfortunately, neither Halifax nor Revolut offers educational resources. Neither have Education (Retirement).

Overall winner: Halifax

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