Written by StockBrokers.com
In this head to head comparison of Interactive Brokers vs Lloyds Bank, 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, Interactive Brokers offers better pricing than Lloyds Bank 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 - Interactive Brokers would cost £15 per year, while Lloyds Bank would cost £95 per year.
12 trades per year - Interactive Brokers would cost £36 per year, while Lloyds Bank would cost £40 - £172 per year.
36 trades per year - Interactive Brokers would cost £108 per year, while Lloyds Bank would cost £40 - £328 per year.
120 trades per year - Interactive Brokers would cost £360 per year, while Lloyds Bank would cost £40 / £1,000 per year.
3 fund trades per year - Interactive Brokers would cost £0 per year, while Lloyds Bank 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 from Interactive Brokers and Lloyds Bank, UK investors will find both institutions offer a comprehensive range of choices with a 5-star rating from UK.StockBrokers.com. Interactive Brokers shines with its particularly high ranking of #2 out of 18 brokers, offering share, ETF, CFD, funds, corporate bonds, government bonds, and investment trusts trading. However, it does not provide crypto trading, spread betting, or advisor services.
Lloyds Bank, on the other hand, holds a respectable #8 ranking for its investment offerings. Like Interactive Brokers, Lloyds provides trading in shares, ETFs, funds, corporate bonds, government bonds, and investment trusts. It additionally offers advisor services, but similar to its counterpart, it does not facilitate crypto trading, CFD trading, or spread betting. UK investors looking for a wide array of investment options will find merit in both providers.
| Feature |
Interactive Brokers
|
Lloyds Bank
|
|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | Yes | No |
| ETFs | Yes | Yes |
| Funds | Yes | Yes |
| Bonds - Government (Gilts) | Yes | Yes |
| Investment Trusts | Yes | 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 trading tools, Interactive Brokers stands out compared to Lloyds Bank for UK investors. Interactive Brokers allows users to display essential corporate events like earnings, splits, and dividends directly on their charts, a feature absent in Lloyds Bank. Moreover, Interactive Brokers provides a rich selection of 80 drawing tools and 96 technical indicators for more detailed analysis, whereas Lloyds Bank offers none in this regard. Adding notes, index overlays, and stock overlays to charts is also possible with Interactive Brokers, unlike Lloyds Bank, which lacks these capabilities.
Both Interactive Brokers and Lloyds Bank offer a browser-based trading platform and can create alerts for stock price updates. However, neither platform provides real-time market data, which is a critical consideration for some traders. Overall, for those prioritizing advanced charting features and customization, Interactive Brokers presents a more comprehensive package compared to Lloyds Bank's offering.
| Feature |
Interactive Brokers
|
Lloyds Bank
|
|---|---|---|
| Web Platform | Yes | Yes |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 96 | 0 |
| Charting - Drawing Tools | 80 | 0 |
| Charting - Notes | Yes | No |
| Charting - Display Corporate Events | Yes | No |
| Charting - Stock Overlays | Yes | No |
| Charting - Index Overlays | Yes | No |
For UK residents looking to compare retirement account options, both Interactive Brokers and Lloyds Bank offer Individual Savings Accounts (ISAs) and Self-Invested Personal Pensions (SIPPs). Interactive Brokers provides a versatile platform for those interested in managing their investments with an array of options for both ISAs and SIPPs. Similarly, Lloyds Bank also offers comprehensive ISA and SIPP accounts, catering to individuals seeking the stability of a traditional banking institution. Each provider presents valuable options for retirement planning, allowing you to choose according to your investment preferences and comfort level with online vs. traditional banking services.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
For UK users seeking a mobile app for online trading or banking, both Interactive Brokers and Lloyds Bank provide options compatible with iPhone and Android devices. Interactive Brokers shines with a 5-star rating from UK.StockBrokers.com for its mobile app, reflecting an efficient and user-friendly experience, and ranks 4th out of 18 brokers. In contrast, Lloyds Bank's mobile app receives a 3.5-star rating and is placed at 17th, indicating a more basic functionality and fewer features for investors. As such, Interactive Brokers stands out as a more highly regarded option for mobile trading needs.
Dive deeper: Best Stock Trading Apps UK.
For those starting their investment journey in the UK, comparing Interactive Brokers and Lloyds Bank can highlight key differences in educational resources. Interactive Brokers stands out with its client webinars and on-demand archives, covering a broad range of topics from share trading to retirement planning. In contrast, Lloyds Bank does not offer webinars or education on these subjects. As rated by UK.StockBrokers.com, Interactive Brokers holds a 4.5-star rating and ranks 8th among 18 brokers for beginner education, while Lloyds Bank has a 4-star rating, ranking 14th, suggesting that Interactive Brokers may provide more comprehensive support for new investors.
| Feature |
Interactive Brokers
|
Lloyds Bank
|
|---|---|---|
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Education (Share Trading) | Yes | No |
| Education (Funds) | Yes | No |
| Education (Retirement) | Yes | No |
| Education |
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Dive deeper: Best UK Trading Platforms for Beginners.
When comparing the market research features of Interactive Brokers and Lloyds Bank, UK investors will find that both platforms provide research reports for funds, shares, ETFs, and bonds. However, Interactive Brokers goes a step further by offering additional insights like the ability to view portfolio allocation by asset class, which is not available with Lloyds Bank. Moreover, while both offer comprehensive support for funds, Interactive Brokers also provides detailed CFDs research, a resource absent from Lloyds Bank's offerings. This makes Interactive Brokers a more versatile option for investors looking to diversify their research tools.
| Feature |
Interactive Brokers
|
Lloyds Bank
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - CFDs | Yes | No |
| Research - ETFs | Yes | Yes |
| Research - Bonds | Yes | Yes |
| Research - Funds | Yes | Yes |
| Fund Research - Research Reports | Yes | Yes |
| Portfolio Allocation Breakdown | Yes | No |
Which broker is better overall, Interactive Brokers or Lloyds Bank? After collecting more than 900 data points over a 10-week period, we found Interactive Brokers to be a better trading platform overall.
Interactive Brokers is a sophisticated trading platform aimed at confident and institutional-grade investors. For newer investors, Interactive Brokers is more intimidating, though it's worth exploring the platform to see if you could save money or access more investments compared to other brokers.
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Lloyds Bank
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Both Interactive Brokers and Lloyds Bank do not offer crypto trading options to their users, highlighting a shared limitation in cryptocurrency accessibility between these two financial institutions.
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0 of 5| Overall Rating | Interactive Brokers | Lloyds Bank | |
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| Review | Interactive Brokers Review | Lloyds Bank Review | |
| Winner | check_circle |
| Investments | Interactive Brokers | Lloyds Bank | |
|---|---|---|---|
| ISA | Yes | Yes | |
| SIPP | Yes | Yes | |
| Share Trading | Yes | Yes | |
| CFD Trading | Yes | No | |
| Funds | Yes | Yes | |
| ETFs | Yes | Yes | |
| Bonds - Corporate | Yes | Yes | |
| Bonds - Government (Gilts) | Yes | Yes | |
| Investment Trusts | Yes | Yes | |
| Spread Betting | No | No | |
| Crypto Trading | Yes | No | |
| Advisor Services | No | Yes |
| Trading Fees | Interactive Brokers | Lloyds Bank | |
|---|---|---|---|
| Minimum Deposit | £0 | £0 | |
| Share Trading: 0-9 Deals/ Month | £3 | £8, £10, £11 | |
| Share Trading: 10-19 Deals/ Month | £3 | £8 | |
| Share Trading: 20+ Deals/ Month | £3 | £8 | |
| 5 trades per year (£30k portfolio) | £15 | £95 | |
| 12 trades per year (£30k portfolio) | £36 | £40 - £172 | |
| 36 trades per year (£30k portfolio) | £108 | £40 - £328 | |
| 120 trades per year (£30k portfolio) | £360 | £40 / £1,000 | |
| 3 fund trades per year (£30k portfolio) | £0 / £14.85 | £44.50 | |
| Annual Custody Fee: £0 - £250,000 | £0 | £40 | |
| Annual Custody Fee: £250K-£500K | £0 | £40 | |
| Annual Custody Fee: £500,000 - £1m | £0 | £40 | |
| Annual Custody Fee: £1m and over | £0 | £40 | |
| Bonds - Corporate - Fee | 0.1% (for <10,000 EUR) 0.025% (for >10,000 EUR) | £8 - £11 | |
| Bonds - Government (Gilts) - Fee | 0.1% (for <10,000 EUR) 0.025% (for >10,000 EUR) | £8 - £11 | |
| ETFs - Fee | £3 | ||
| Investment Trusts - Fee | N/A | ||
| Telephone Dealing Fee | £25 | £35 |
| Broker Screenshots | Interactive Brokers | Lloyds Bank | |
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| Platforms & Tools | Interactive Brokers | Lloyds Bank | |
|---|---|---|---|
| Web Platform | Yes | Yes | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 96 | 0 | |
| Charting - Drawing Tools | 80 | 0 | |
| Charting - Notes | Yes | No | |
| Charting - Display Corporate Events | Yes | No | |
| Charting - Stock Overlays | Yes | No | |
| Charting - Index Overlays | Yes | No |
| Research | Interactive Brokers | Lloyds Bank | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | Yes | No | |
| Research - Funds | Yes | Yes | |
| Fund Research - Research Reports | Yes | Yes | |
| Research - ETFs | Yes | Yes | |
| Research - Bonds | Yes | Yes | |
| Portfolio Allocation Breakdown | Yes | No |
| Education | Interactive Brokers | Lloyds Bank | |
|---|---|---|---|
| Education (Share Trading) | Yes | No | |
| Education (Funds) | Yes | No | |
| Education (Retirement) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No |
| Overall Summary | Interactive Brokers | Lloyds Bank | |
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| Review | Interactive Brokers Review | Lloyds Bank Review | |
| Winner | check_circle |
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