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, Robinhood UK 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.
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 options available through Robinhood UK and Halifax, there are notable differences to consider. Robinhood UK allows for share trading, making it an appealing choice for individuals interested in handling individual stocks. However, Halifax offers a broader range of investment choices, including the ability to trade ETFs, funds, corporate bonds, government bonds (gilts), and investment trusts. Halifax also provides advisor services to assist investors with their financial decisions, a feature not currently offered by Robinhood UK. As a result, Halifax is often seen as a more well-rounded option for UK investors seeking diverse investment opportunities.
According to UK.StockBrokers.com, Robinhood UK has been rated 3 out of 5 stars for its investment choices, placing it at #20 out of 21 brokers. In contrast, Halifax boasts a rating of 5 out of 5 stars, ranking #7 in terms of available investment choices. This discrepancy highlights Halifax's extensive offerings and the potential benefits for investors looking for a wider array of investment options. Whether prioritizing the straightforward share trading of Robinhood UK or the comprehensive investment offerings of Halifax, each platform presents distinct advantages tailored to different investor needs in the UK.
| Feature |
Robinhood UK
|
Halifax
|
|---|---|---|
| Share Trading | Yes | |
| CFD Trading | ||
| ETFs | Yes | |
| Funds | Yes | |
| Bonds - Government (Gilts) | Yes | |
| Investment Trusts | Yes | |
| Spread Betting | ||
| Crypto Trading | ||
| Advisor Services | Yes | |
| Investment Choices |
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Low-cost US and UK shares.
Professional’s Gateway to the World’s Markets.
When comparing the trading tools of Robinhood UK and Halifax, users will find key differences in their capabilities. Robinhood UK allows users to apply up to three technical indicators to their charts, providing more insight into market trends than Halifax, which offers none. While neither platform provides drawing tools or the option to display corporate events directly on charts, both do support browser-based trading platforms, which offer convenience and accessibility. Additionally, both Robinhood UK and Halifax allow users to set alerts for stock price updates, helping investors stay informed about market movements.
Real-time market data is available through Robinhood UK, ensuring users have access to the latest information for informed trading decisions. Halifax doesn't specify this feature. However, both platforms do not support adding notes, index overlays, or stock overlays to charts. Overall, Robinhood UK's offerings may appeal to those particularly interested in using technical indicators to guide their trading strategies.
| Feature |
Robinhood UK
|
Halifax
|
|---|---|---|
| Web Platform | Yes | Yes |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 3 | 0 |
| Charting - Drawing Tools | 0 | 0 |
| Charting - Notes | ||
| Charting - Display Corporate Events | ||
| Charting - Stock Overlays | ||
| Charting - Index Overlays |
When comparing online broker options for retirement accounts in the UK, Robinhood UK and Halifax offer different services. Halifax provides both ISA and SIPP accounts, two popular choices for UK investors looking to save for retirement with tax benefits. On the other hand, Robinhood UK does not currently offer ISA or SIPP accounts, which could limit its appeal for those specifically interested in these retirement planning products. For UK investors, Halifax may present a more viable option for managing retirement savings with these account offerings.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
When comparing the mobile app offerings of Robinhood UK and Halifax for investors in the United Kingdom, both provide applications compatible with iPhone and Android devices. According to UK.StockBrokers.com, Robinhood UK's mobile app receives a commendable rating of 4 out of 5 stars, ranking it 13th out of 21 brokers. Meanwhile, Halifax's mobile app is rated at 3.5 stars, placing it 18th in the same assessment. This suggests that Robinhood UK may offer a slightly more user-friendly mobile trading experience compared to Halifax for UK investors.
Dive deeper: Best Stock Trading Apps UK.
When comparing beginner investor educational resources between Robinhood UK and Halifax for UK users, both platforms show a mixed array of offerings. Robinhood UK provides education related to share trading, but lacks in offering resources on funds and retirement. In contrast, Halifax appears to have a more limited educational scope, evidenced by the absence of specific details on share trading, funds, or retirement resources. Additionally, neither platform conducts live educational webinars or archives them for later viewing, which may affect hands-on learning opportunities for newcomers. Despite these limited educational resources, both Robinhood UK and Halifax receive an equal rating of 3.5 stars from UK.StockBrokers.com for their beginner education. However, in overall ranking among 21 brokers, Halifax slightly edges out Robinhood UK, taking the 18th spot while Robinhood UK is ranked 20th.
| Feature |
Robinhood UK
|
Halifax
|
|---|---|---|
| Client Webinars | ||
| Client Webinars (Archived) | ||
| Education (Share Trading) | Yes | |
| Education (Funds) | ||
| Education (Retirement) | ||
| Education |
|
|
Dive deeper: Best UK Trading Platforms for Beginners.
When comparing Robinhood UK and Halifax in terms of market research features, UK investors will find notable differences. Robinhood UK provides research on individual shares and exchange-traded funds (ETFs), but details on funds, bonds, contracts for difference (CFDs), or portfolio allocation by asset class are not available. Halifax, on the other hand, offers a more comprehensive selection of research options, including shares, ETFs, funds, and bonds. Halifax also allows users to view portfolio allocation by asset class, providing a clearer overview of their investments. While both platforms support basic shares and ETFs research, Halifax excels in offering a broader array of research resources for UK investors seeking in-depth insights.
| Feature |
Robinhood UK
|
Halifax
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - CFDs | ||
| Research - ETFs | Yes | Yes |
| Research - Bonds | Yes | |
| Research - Funds | Yes | |
| Fund Research - Research Reports | ||
| Portfolio Allocation Breakdown |
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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| Investment Choices |
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| Mobile App |
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| Website |
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| Ease of Use |
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| Education |
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While Robinhood UK provides users the ability to engage in crypto trading, Halifax does not offer crypto trading services.
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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 | Yes | ||
| SIPP | Yes | ||
| Share Trading | Yes | ||
| CFD Trading | |||
| Funds | Yes | ||
| ETFs | Yes | ||
| Bonds - Corporate | Yes | ||
| Bonds - Government (Gilts) | Yes | ||
| Investment Trusts | Yes | ||
| Spread Betting | |||
| Crypto Trading | |||
| Advisor Services | 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 | |
|---|---|---|---|
| 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 | |||
| Charting - Display Corporate Events | |||
| Charting - Stock Overlays | |||
| Charting - Index Overlays |
| Research | Robinhood UK | Halifax | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | |||
| Research - Funds | Yes | ||
| Fund Research - Research Reports | |||
| Research - ETFs | Yes | Yes | |
| Research - Bonds | Yes | ||
| Portfolio Allocation Breakdown |
| Education | Robinhood UK | Halifax | |
|---|---|---|---|
| Education (Share Trading) | Yes | ||
| Education (Funds) | |||
| Education (Retirement) | |||
| Client Webinars | |||
| Client Webinars (Archived) |
| Overall Summary | Robinhood UK | Halifax | |
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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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| Education |
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| Review | Robinhood UK Review | Halifax Review | |
| Winner | check_circle |
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