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Robinhood UK vs Halifax 2024

StockBrokers.com

Written by StockBrokers.com

August 06, 2024

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

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Compare

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Overall Rating Robinhood UK Halifax
Overall Rating 4/5 Stars 4/5 Stars
Charges & Fees 5/5 Stars 4/5 Stars
Investment Choices 3/5 Stars 4.5/5 Stars
Mobile App 4/5 Stars 3.5/5 Stars
Website 3.5/5 Stars 4/5 Stars
Ease of Use 4.5/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Review Robinhood UK Review Halifax Review
Winner check_circle
Investments Robinhood UK Halifax
ISA info No Yes
SIPP info No Yes
Share Trading info Yes No
CFD Trading info No No
Funds info No Yes
ETFs info No info Yes
Bonds - Corporate info No Yes
Bonds - Government (Gilts) info No Yes
Investment Trusts info No Yes
Spread Betting info No No
Crypto Trading info No No
Advisor Services info No No
Trading Fees Robinhood UK Halifax
Minimum Deposit info £0 £0
Share Trading: 0-9 Deals/ Month info £0 £9.50 - £85.50
Share Trading: 10-19 Deals/ Month info £0 £95 - £180.50
Share Trading: 20+ Deals/ Month info £0 £190+
5 trades per year (£30k portfolio) info £0 £36 - £83.50
12 trades per year (£30k portfolio) info £0 £36 - £150
36 trades per year (£30k portfolio) info £0 £36 - £450
120 trades per year (£30k portfolio) info £0 £36 - £1,176
3 fund trades per year (£30k portfolio) info N/A £36 - £64.50
Annual Custody Fee: £0 - £250,000 info £0 £36
Annual Custody Fee: £250K-£500K info £0 £36
Annual Custody Fee: £500,000 - £1m info £0 £36
Annual Custody Fee: £1m and over info £0 £36
Bonds - Corporate - Fee info N/A £9.5
Bonds - Government (Gilts) - Fee info N/A £9.5
ETFs - Fee info £0 £9.5
Investment Trusts - Fee info N/A £9.5
Telephone Dealing Fee info N/A £25
Broker Screenshots Robinhood UK Halifax
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Platforms & Tools Robinhood UK Halifax
Web Platform info Yes Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes No
Charting - Indicators / Studies info 3 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 Robinhood UK Halifax
Research - Shares info Yes Yes
Research - CFDs info No No
Research - Funds info No Yes
Fund Research - Research Reports info No No
Research - ETFs info Yes Yes
Research - Bonds info No Yes
Portfolio Allocation Breakdown info No No
Education Robinhood UK Halifax
Education (Share Trading) info Yes No
Education (Funds) info No No
Education (Retirement) info No No
Client Webinars info No No
Client Webinars (Archived) info No No
Overall Summary Robinhood UK Halifax
Overall Rating 4/5 Stars 4/5 Stars
Charges & Fees 5/5 Stars 4/5 Stars
Investment Choices 3/5 Stars 4.5/5 Stars
Mobile App 4/5 Stars 3.5/5 Stars
Website 3.5/5 Stars 4/5 Stars
Ease of Use 4.5/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Review Robinhood UK Review Halifax 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 Robinhood UK and Halifax.

Robinhood UK vs Halifax Comparison

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

Is Robinhood UK a good broker?

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.

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 Robinhood UK 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 - Robinhood UK would cost £0 per year, while Halifax would cost £36 - £83.50 per year.

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

36 trades per year - Robinhood UK would cost £0 per year, while Halifax would cost £36 - £450 per year.

120 trades per year - Robinhood UK would cost £0 per year, while Halifax would cost £36 - £1,176 per year.

3 fund trades per year - Robinhood UK would cost £0 per year, while Halifax would cost £0 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 Robinhood UK and Halifax compare in terms of minimum deposits required?

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

Which broker offers a wider range of investment options?

Robinhood UK offers investors access to Share Trading, while Halifax offers investors access to ISA, SIPP, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts. Neither have CFD Trading, Spread Betting, Crypto Trading 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 Robinhood UK and Halifax 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 Robinhood UK offers traders access to neither of these accounts, while Halifax offers traders access to SIPP and ISA accounts.

Do Robinhood UK and Halifax 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 neither Robinhood UK nor Halifax offer crypto investing.

Which broker offers a better website experience?

Our testing concluded that the website of Halifax is better than the website of Robinhood UK. 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 Robinhood UK and Halifax, 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 Robinhood UK and Halifax 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 Robinhood UK offers traders access to Education (Share Trading), while Halifax offers access to none. Neither have Client Webinars, Client Webinars (Archived), Education (Funds) and Education (Retirement).

Overall winner: Robinhood UK

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