Written by StockBrokers.com
In this head to head comparison of Robinhood UK vs Halifax, 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 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 £83.50 per year.
12 trades per year - Robinhood UK would cost £0 per year, while Halifax would cost £150 per year.
36 trades per year - Robinhood UK would cost £0 per year, while Halifax would cost £378 per year.
120 trades per year - Robinhood UK would cost £0 per year, while Halifax would cost £1,176 per year.
3 fund trades per year - Robinhood UK would cost £0 per year, while Halifax would cost £0 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 the investment choices offered by Robinhood UK and Halifax, it's clear that the two platforms cater to different needs. Robinhood UK allows for share trading, making it a viable option for those interested in buying and selling individual stocks. However, its offerings stop there, with no available options for cryptocurrency, ETFs, funds, bonds, or advisor services, reflecting a more streamlined, minimalist approach. Halifax, on the other hand, provides a broader range of investment options. While it does not support share or crypto trading, Halifax offers trading in ETFs, funds, corporate and government bonds, and investment trusts, along with advisor services, making it a more comprehensive choice for diverse investment portfolios.
According to UK.StockBrokers.com, Halifax outshines Robinhood UK in terms of investment choices, earning a 5-star rating compared to Robinhood UK's 3-star rating. While Halifax is ranked 7th out of 18 brokers for its range of offerings, Robinhood UK does not have a comparable ranking, suggesting that Halifax may be more suited for investors seeking variety in their investment opportunities.
| Feature |
Robinhood UK
|
Halifax
|
|---|---|---|
| Share Trading | Yes | No |
| CFD Trading | No | No |
| ETFs | No | Yes |
| Funds | No | Yes |
| Bonds - Government (Gilts) | No | Yes |
| Investment Trusts | No | Yes |
| Spread Betting | No | No |
| Crypto Trading | No | No |
| Advisor Services | No | Yes |
| Investment Choices |
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Professional’s Gateway to the World’s Markets.
Low-cost US and UK shares.
When evaluating the trading tools between Robinhood UK and Halifax, both platforms have some shared limitations. Neither Robinhood UK nor Halifax offers features to display corporate events, such as earnings or dividends, directly on charts. Both platforms also fall short in providing any drawing tools for charting. However, Robinhood UK offers a slight edge by including three technical indicators for chart analysis, whereas Halifax doesn't offer any. Despite these, neither broker allows users to add notes, index overlays, or stock overlays to charts, which are useful tools for traders seeking to customize their analysis.
Both Robinhood UK and Halifax offer browser-based trading platforms for seamless access, and each allows users to set price alerts for stocks. However, a standout feature of Robinhood UK is the provision of real-time market data, which is not available through Halifax. This advantage might appeal to traders who rely on real-time information for making quick and informed trading decisions. Overall, while there are certain similarities between the two, Robinhood UK provides a few more tools that can cater to active traders seeking basic technical insights and timely data access.
| Feature |
Robinhood UK
|
Halifax
|
|---|---|---|
| Web Platform | Yes | Yes |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 3 | 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 online brokers Robinhood UK and Halifax for retirement account options, Halifax stands out as the more versatile choice. Robinhood UK does not offer Individual Savings Accounts (ISAs) or Self-Invested Personal Pensions (SIPPs), two popular retirement savings options. In contrast, Halifax provides both ISAs and SIPPs, allowing investors to benefit from tax-efficient savings and flexible pension solutions. This makes Halifax a more comprehensive option for those looking to manage their retirement savings efficiently.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
When comparing the mobile apps of Robinhood UK and Halifax, both brokers offer applications for iPhone and Android devices, meeting the needs of modern mobile users. According to UK.StockBrokers.com, Robinhood UK's mobile app is highly rated with 4 out of 5 stars, whereas Halifax’s app holds a 3.5-star rating. However, a specific ranking for Robinhood UK among 18 brokers is unavailable, while Halifax is positioned at number 14 in the same category. This suggests that both platforms have strengths in their offerings, but Robinhood UK has a slight edge in user satisfaction for its mobile experience.
Dive deeper: Best Stock Trading Apps UK.
When comparing Robinhood UK and Halifax for beginner investor educational resources, both platforms have room for improvement but offer distinct advantages. Neither Robinhood UK nor Halifax provide live or archived educational webinars for their users. However, Robinhood UK stands out by offering educational resources on share trading, whereas Halifax does not. Neither platform covers topics like funds or retirement, leaving those areas unaddressed for novice investors. Despite these limitations, both brokers share the same 3.5-star rating for beginner education from UK.StockBrokers.com. While Halifax is ranked 16th out of 18 brokers for beginner education, Robinhood UK lacks a specific ranking but still manages to hold its ground with the same rating, making it a viable option for those seeking an introduction to share trading education.
| Feature |
Robinhood UK
|
Halifax
|
|---|---|---|
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Education (Share Trading) | Yes | No |
| Education (Funds) | No | No |
| Education (Retirement) | No | No |
| Education |
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|
Dive deeper: Best UK Trading Platforms for Beginners.
When comparing Robinhood UK and Halifax for market research features, both platforms provide solid research options for shares and ETFs, allowing users to make informed investment decisions. However, Halifax offers an edge over Robinhood UK by providing research on funds and bonds, which Robinhood UK does not offer. Neither platform offers research reports for funds or insights into portfolio allocation by asset class, and both lack CFD research. For those focused on a broader range of research capabilities, Halifax might be the more comprehensive option, while Robinhood UK covers the basics for shares and ETFs research well.
| Feature |
Robinhood UK
|
Halifax
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - CFDs | No | No |
| Research - ETFs | Yes | Yes |
| Research - Bonds | No | Yes |
| Research - Funds | No | Yes |
| Fund Research - Research Reports | No | No |
| Portfolio Allocation Breakdown | No | No |
Which broker is better overall, Robinhood UK or Halifax? After collecting more than 900 data points over a 10-week period, we found Robinhood UK to be a better trading platform overall.
| Feature |
Robinhood UK
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Halifax
|
|---|---|---|
| Overall Rating |
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| Charges & Fees |
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| Mobile App |
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| Website |
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| Ease of Use |
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Both Robinhood UK and Halifax do not offer crypto trading, making neither platform suitable for investors seeking to trade cryptocurrencies.
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0 of 5| Overall Rating | Robinhood UK | Halifax | |
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| Review | Robinhood UK Review | Halifax Review | |
| Winner | check_circle |
| Investments | Robinhood UK | Halifax | |
|---|---|---|---|
| ISA | No | Yes | |
| SIPP | No | Yes | |
| Share Trading | Yes | No | |
| CFD Trading | No | No | |
| Funds | No | Yes | |
| ETFs | No | Yes | |
| Bonds - Corporate | No | Yes | |
| Bonds - Government (Gilts) | No | Yes | |
| Investment Trusts | No | Yes | |
| Spread Betting | No | No | |
| Crypto Trading | No | No | |
| Advisor Services | No | Yes |
| Trading Fees | Robinhood UK | Halifax | |
|---|---|---|---|
| Minimum Deposit | £0 | £0 | |
| Share Trading: 0-9 Deals/ Month | £0 | £9.50 | |
| Share Trading: 10-19 Deals/ Month | £0 | £9.50 | |
| Share Trading: 20+ Deals/ Month | £0 | £9.50 | |
| 5 trades per year (£30k portfolio) | £0 | £83.50 | |
| 12 trades per year (£30k portfolio) | £0 | £150 | |
| 36 trades per year (£30k portfolio) | £0 | £378 | |
| 120 trades per year (£30k portfolio) | £0 | £1,176 | |
| 3 fund trades per year (£30k portfolio) | N/A | £64.50 | |
| Annual Custody Fee: £0 - £250,000 | £0 | £36 | |
| Annual Custody Fee: £250K-£500K | £0 | £36 | |
| Annual Custody Fee: £500,000 - £1m | £0 | £36 | |
| Annual Custody Fee: £1m and over | £0 | £36 | |
| Bonds - Corporate - Fee | N/A | £9.5 | |
| Bonds - Government (Gilts) - Fee | N/A | £9.5 | |
| ETFs - Fee | £0 | £9.5 | |
| Investment Trusts - Fee | N/A | £9.5 | |
| Telephone Dealing Fee | N/A | £25 |
| Broker Screenshots | Robinhood UK | Halifax | |
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| 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 | Robinhood UK | Halifax | |
|---|---|---|---|
| Web Platform | Yes | Yes | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 3 | 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 | Robinhood UK | Halifax | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | No | No | |
| Research - Funds | No | Yes | |
| Fund Research - Research Reports | No | No | |
| Research - ETFs | Yes | Yes | |
| Research - Bonds | No | Yes | |
| Portfolio Allocation Breakdown | No | No |
| Education | Robinhood UK | Halifax | |
|---|---|---|---|
| Education (Share Trading) | Yes | No | |
| Education (Funds) | No | No | |
| Education (Retirement) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No |
| Overall Summary | Robinhood UK | Halifax | |
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| Investment Choices |
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| Review | Robinhood UK Review | Halifax Review | |
| Winner | check_circle |
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