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Trading 212 vs Halifax 2022

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is Trading 212 better than Halifax? After scoring the best share dealing accounts across 46 different variables, IG is better than Trading 212. IG stands out as a top U.K. broker, thanks largely to its excellent online trading platform. Strong functionality comes with industry-standard commission rates and fees, a huge variety of trading tools, and user-friendly mobile apps.

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Overall RatingTrading 212HalifaxIG
Overall Rating4.5 Stars3.5 Stars5 Stars
Commissions & Fees5 Stars3 Stars4.5 Stars
Offering of Investments2.5 Stars4 Stars4.5 Stars
Mobile Trading4 Stars3.5 Stars4.5 Stars
Platforms & Tools3.5 Stars3 Stars4.5 Stars
Research2 Stars4 Stars4 Stars
Ease of Use4 StarsN/A5 Stars
Education3 Stars3.5 Stars5 Stars
ReviewTrading 212 ReviewIG Review
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InvestmentsTrading 212HalifaxIG
ISAYesYesYes
SIPPNoYesYes
Share TradingYesYesYes
CFD TradingYesNoYes
FundsNoYesNo
ETFsYesYesYes
Bonds - CorporateNoYesNo
Bonds - Government (Gilts)NoYesNo
Investment TrustsNoYesYes
Spread BettingNoNoYes
Crypto TradingNoNoNo
Advisor ServicesNoYesNo
Trading FeesTrading 212HalifaxIG
Minimum Deposit£1.0£0.0£0.0
Share Trading: 0-9 Deals/ Month0£9.5£3 to £8
Share Trading: 10-19 Deals/ Month0£9.5£3
Share Trading: 20+ Deals/ Month0£9.5£3
5 trades per year (£30k portfolio)£196£83.5£30-£40
12 trades per year (£30k portfolio)£196£150£96
36 trades per year (£30k portfolio)£196£450£108
120 trades per year (£30k portfolio)£196£1500£360
3 fund trades per year (£30k portfolio)N/A£64.5£24
Annual Custody Fee: £0 - £250,000£0 (Other Fees Apply)£36£96 (can reduce by trading)
Annual Custody Fee: £250K-£500K£0 (Other Fees Apply)£36£96
Annual Custody Fee: £500,000 - £1m£0 (Other Fees Apply)£36£96
Annual Custody Fee: £1m and over£0 (Other Fees Apply)£36£96
Bonds - Corporate - FeeN/A£36N/A
Bonds - Government (Gilts) - FeeN/A£9.5N/A
ETFs - Fee0£9.5£8
Investment Trusts - FeeN/A£9.5£8
Telephone Dealing FeeN/A£25£40-£50
Platforms & ToolsTrading 212HalifaxIG
Web PlatformYesYesYes
iPhone AppYesYesYes
Android AppYesYesYes
Stock AlertsYesNoYes
Charting - Indicators / Studies548333
Charting - Drawing Tools251719
Charting - NotesYesYesYes
Charting - Display Corporate EventsNoNoYes
Charting - Stock OverlaysNoNoYes
Charting - Index OverlaysNoNoYes
ResearchTrading 212HalifaxIG
Research - SharesYesYesYes
Research - CFDsNoYesYes
Research - FundsNoYesYes
Fund Research - Research ReportsNoNoNo
Research - ETFsNoYesYes
Research - BondsNoYesNo
Portfolio Allocation BreakdownYesYesNo
EducationTrading 212HalifaxIG
Has Education - Share TradingYesYesYes
Has Education - FundsNoYesYes
Has Education - RetirementNoYesYes
Client WebinarsNoYesYes
Client Webinars (Archived)NoYesYes
Overall SummaryTrading 212HalifaxIG
Overall Rating4.5 Stars3.5 Stars5 Stars
Commissions & Fees5 Stars3 Stars4.5 Stars
Offering of Investments2.5 Stars4 Stars4.5 Stars
Mobile Trading4 Stars3.5 Stars4.5 Stars
Platforms & Tools3.5 Stars3 Stars4.5 Stars
Research2 Stars4 Stars4 Stars
Ease of Use4 StarsN/A5 Stars
Education3 Stars3.5 Stars5 Stars
ReviewTrading 212 ReviewIG Review
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Trading 212 vs Halifax Comparison

For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Trading 212 vs Halifax.

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, Trading 212 offers better pricing than IG 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 - Trading 212 would cost £196 per year, while Halifax would cost £83.5 per year.

12 trades per year - Trading 212 would cost £196 per year, while Halifax would cost £150 per year.

36 trades per year - Trading 212 would cost £196 per year, while Halifax would cost £450 per year.

120 trades per year - Trading 212 would cost £196 per year, while Halifax would cost £1500 per year.

3 fund trades per year - Trading 212 would cost N/A per year, while Halifax would cost £64.5 per year.

Which broker offers a wider range of investment options?

Trading 212 offers investors access to ISA, Share Trading, CFD Trading and ETFs, while Halifax offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts and Advisor Services, neither have Spread Betting and Crypto Trading. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Which broker offers better research?

Our testing concluded that IG is better for research than Trading 212. IG offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better?

To compare the trading platforms of both Trading 212 and Halifax, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, IG offers a better share dealing platform and IG offers a better stock app for mobile trading.

Overall winner: IG

Read Next: Best UK Trading Platforms 2022


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