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Interactive Brokers vs Lloyds Bank 2025

StockBrokers.com

Written by StockBrokers.com

April 17, 2025

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.

Interactive Brokers
4.5/5 Stars Overall
  • Minimum Deposit: £0
  • ISA: Yes
  • SIPP: Yes
Lloyds Bank
4/5 Stars Overall
  • Minimum Deposit: £0
  • ISA: Yes
  • SIPP: Yes

Fees

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.

query_stats 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.

Investment Choices

When considering online trading and investment options in the UK, both Interactive Brokers and Lloyds Bank present a variety of choices for investors. Interactive Brokers shines as a versatile platform offering share, crypto, ETF, CFD, funds, corporate bonds, government bonds, and investment trusts trading. Lloyds Bank also provides a comprehensive investment experience, enabling trading in shares, ETFs, funds, corporate and government bonds, and investment trusts, along with advisor services for those seeking guidance.

Rated at five stars for investment choices by UK.StockBrokers.com, both platforms are well-regarded, with Interactive Brokers securing the second spot out of 21 brokers, while Lloyds Bank is ranked at number eight. Despite both platforms offering a broad range of investment options, Interactive Brokers edges ahead in overall ranking, particularly excelling with its inclusion of niche markets like crypto and CFDs, areas where Lloyds Bank does not currently offer services.

Feature Interactive Brokers logoInteractive Brokers
Lloyds Bank logoLloyds Bank
Share Trading info Yes Yes
CFD Trading info Yes
ETFs info Yes Yes
Funds info Yes Yes
Bonds - Government (Gilts) info Yes Yes
Investment Trusts info Yes Yes
Spread Betting info
Crypto Trading info Yes
Advisor Services info Yes
Investment Choices 5/5 Stars 5/5 Stars

Featured Offers


4.5/5 Stars

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4.5/5 Stars

Professional’s Gateway to the World’s Markets.

Trading Tools

For UK investors seeking advanced trading tools, Interactive Brokers offers a comprehensive suite of features that significantly outshines those of Lloyds Bank. Interactive Brokers allows users to display corporate events such as earnings, stock splits, and dividends directly on their charts, providing valuable insights at a glance—a feature not available with Lloyds Bank. Additionally, with 80 drawing tools and 96 technical indicators, Interactive Brokers equips traders with a vast array of options for detailed technical analysis, whereas Lloyds Bank does not offer any drawing tools or technical indicators.

Interactive Brokers further enhances the trading experience by allowing users to add notes, index overlays, and stock overlays to their charts, none of which are offered by Lloyds Bank. Both brokers provide a browser-based trading platform and the capability to create alerts for stock price updates. However, when it comes to charting capabilities, Interactive Brokers stands well ahead, making it a preferred choice for serious traders looking for a rich set of tools to support their investment strategies.

Feature Interactive Brokers logoInteractive Brokers
Lloyds Bank logoLloyds Bank
Web Platform info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 96 0
Charting - Drawing Tools info 80 0
Charting - Notes info Yes
Charting - Display Corporate Events info Yes
Charting - Stock Overlays info Yes
Charting - Index Overlays info Yes

ISAs and SIPPs

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.

Mobile App

When it comes to mobile apps, both Interactive Brokers and Lloyds Bank offer options for iPhone and Android users, but they differ significantly in user ratings and rankings. Interactive Brokers is highly praised, with a 5-star rating from UK.StockBrokers.com, placing it fourth out of 21 brokers in the mobile app category. In contrast, Lloyds Bank's app receives a more modest 3.5-star rating, ranking it 17th among its peers. Whether you're prioritizing a top-rated trading experience or a bank-focused app, knowing these differences can aid in making an informed choice.

Dive deeper: Best Stock Trading Apps UK.

Beginners and Education

For beginner investors seeking educational resources, Interactive Brokers offers a comprehensive experience with client webinars, including on-demand archives, covering key areas like share trading, funds, and retirement planning. In contrast, Lloyds Bank does not provide educational webinars or resources for these topics. Interactive Brokers is well-regarded, earning a 4.5-star rating for beginner education from UK.StockBrokers.com and securing the 8th spot in their ranking of 21 brokers. Meanwhile, Lloyds Bank receives a slightly lower rating of 4 stars, placing it at 14th in the same ranking. This makes Interactive Brokers a more attractive option for new investors keen to learn and grow their investment knowledge.

Feature Interactive Brokers logoInteractive Brokers
Lloyds Bank logoLloyds Bank
Client Webinars info Yes
Client Webinars (Archived) info Yes
Education (Share Trading) info Yes
Education (Funds) info Yes
Education (Retirement) info Yes
Education 4.5/5 Stars 4/5 Stars

Dive deeper: Best UK Trading Platforms for Beginners.

Market Research

When comparing market research features for UK investors, Interactive Brokers and Lloyds Bank both offer a strong foundation with research reports for funds, shares, ETFs, and bonds. However, Interactive Brokers goes a step further by providing insights into portfolio allocation by asset class and offering research for CFDs, which Lloyds Bank does not. Both platforms cater to those interested in detailed investment analysis but Interactive Brokers provides a slightly broader array of research options, appealing to those seeking comprehensive market insights.

Feature Interactive Brokers logoInteractive Brokers
Lloyds Bank logoLloyds Bank
Research - Shares info Yes Yes
Research - CFDs info Yes
Research - ETFs info Yes Yes
Research - Bonds info Yes Yes
Research - Funds info Yes Yes
Fund Research - Research Reports info Yes Yes
Portfolio Allocation Breakdown info Yes

Interactive Brokers vs Lloyds Bank Winner

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.

Feature Interactive Brokers logoInteractive Brokers
Lloyds Bank logoLloyds Bank
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 4.5/5 Stars 4.5/5 Stars
Investment Choices 5/5 Stars 5/5 Stars
Mobile App 5/5 Stars 3.5/5 Stars
Website 5/5 Stars 4/5 Stars
Ease of Use 4/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with Interactive Brokers or Lloyds Bank?

Interactive Brokers offers the advantage of crypto trading, a feature not available with Lloyds Bank, making it a more versatile option for investors interested in digital currencies.

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Compare

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Overall Rating Interactive Brokers Lloyds Bank
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 4.5/5 Stars 4.5/5 Stars
Investment Choices 5/5 Stars 5/5 Stars
Mobile App 5/5 Stars 3.5/5 Stars
Website 5/5 Stars 4/5 Stars
Ease of Use 4/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 4/5 Stars
Review Interactive Brokers Review Lloyds Bank Review
Winner check_circle
Investments Interactive Brokers Lloyds Bank
ISA info Yes Yes
SIPP info Yes Yes
Share Trading info Yes Yes
CFD Trading info Yes
Funds info Yes Yes
ETFs info Yes Yes
Bonds - Corporate info Yes Yes
Bonds - Government (Gilts) info Yes Yes
Investment Trusts info Yes Yes
Spread Betting info
Crypto Trading info Yes info
Advisor Services info Yes
Trading Fees Interactive Brokers Lloyds Bank
Minimum Deposit info £0 £0
Share Trading: 0-9 Deals/ Month info £3 £8 - £11
Share Trading: 10-19 Deals/ Month info £3 £8
Share Trading: 20+ Deals/ Month info £3 £8
5 trades per year (£30k portfolio) info £15 £95
12 trades per year (£30k portfolio) info £36 £40 - £172
36 trades per year (£30k portfolio) info £108 £40 - £328
120 trades per year (£30k portfolio) info £360 £40 / £1,000
3 fund trades per year (£30k portfolio) info £0 / £14.85 info £44.50
Annual Custody Fee: £0 - £250,000 info £0 £40
Annual Custody Fee: £250K-£500K info £0 £40
Annual Custody Fee: £500,000 - £1m info £0 £40
Annual Custody Fee: £1m and over info £0 £40
Bonds - Corporate - Fee info 0.1% (for <10,000 EUR) 0.025% (for >10,000 EUR) £8 - £11
Bonds - Government (Gilts) - Fee info 0.1% (for <10,000 EUR) 0.025% (for >10,000 EUR) £8 - £11
ETFs - Fee info £3 £8 - £11
Investment Trusts - Fee info N/A £8 - £11
Telephone Dealing Fee info £25 £35
Broker Screenshots Interactive Brokers Lloyds Bank
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Platforms & Tools Interactive Brokers Lloyds Bank
Web Platform info Yes Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 96 0
Charting - Drawing Tools info 80 0
Charting - Notes info Yes
Charting - Display Corporate Events info Yes
Charting - Stock Overlays info Yes
Charting - Index Overlays info Yes
Research Interactive Brokers Lloyds Bank
Research - Shares info Yes Yes
Research - CFDs info Yes
Research - Funds info Yes Yes
Fund Research - Research Reports info Yes Yes
Research - ETFs info Yes Yes
Research - Bonds info Yes Yes
Portfolio Allocation Breakdown info Yes
Education Interactive Brokers Lloyds Bank
Education (Share Trading) info Yes
Education (Funds) info Yes
Education (Retirement) info Yes
Client Webinars info Yes
Client Webinars (Archived) info Yes
Overall Summary Interactive Brokers Lloyds Bank
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 4.5/5 Stars 4.5/5 Stars
Investment Choices 5/5 Stars 5/5 Stars
Mobile App 5/5 Stars 3.5/5 Stars
Website 5/5 Stars 4/5 Stars
Ease of Use 4/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 4/5 Stars
Review Interactive Brokers Review Lloyds Bank Review
Winner check_circle
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