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Interactive Brokers vs Lloyds Bank 2020
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Overall Rating
| Feature | Interactive Brokers | Lloyds Bank |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platform & Tools | ||
| Research | ||
| Education | ||
| Interactive Brokers Review | Lloyds Bank Review | |
| Winner | check_circle |
Trading Fees
| Feature | Interactive Brokers | Lloyds Bank |
|
Share Trading: 0-9 Deals/ Month |
(trade value x .0005) | 8 to 11 |
|
Share Trading: 10-19 Deals/ Month |
(trade value x .0005) | £8.00 |
|
Share Trading: 20+ Deals/ Month |
(trade value x .0005) | £8.00 |
|
Annual Custody Fee: £0 - £250,000 |
0% | £40 (flat) |
|
Bonds - Government (Gilts) - Fee |
0.1% (2Euro min) | £11.00 |
|
ETFs - Fee |
(trade value x .0005) | £11.00 |
|
Investment Trusts - Fee |
£4.95 | £11.00 |
|
Telephone Dealing Fee |
N/A | £35.00 |
Platforms & Tools
| Feature | Interactive Brokers | Lloyds Bank |
|
Desktop Platform (Windows) |
Yes | No |
|
Web Platform |
Yes | Yes |
|
iPhone App |
Yes | No |
|
Android App |
Yes | No |
|
Stock Alerts |
Yes | Yes |
|
Charting - Indicators / Studies |
137 | 83 |
|
Charting - Drawing Tools |
9 | 17 |
|
Charting - Notes |
Yes | Yes |
|
Charting - Display Corporate Events |
Yes | No |
|
Charting - Stock Overlays |
Yes | No |
Research
| Feature | Interactive Brokers | Lloyds Bank |
|
Research - Shares |
Yes | Yes |
|
Research - CFDs |
Yes | No |
|
Research - Funds |
Yes | Yes |
|
Fund Research - Research Reports |
No | No |
|
Research - ETFs |
Yes | Yes |
|
Research - Bonds |
Yes | Yes |
|
Portfolio Allocation Breakdown |
Yes | Yes |
Investments
| Feature | Interactive Brokers | Lloyds Bank |
|
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 |
Yes | No |
|
Advisor Services |
No | Yes |
Education
| Feature | Interactive Brokers | Lloyds Bank |
|
Has Education - Share Trading |
Yes | Yes |
|
Has Education - Funds |
No | Yes |
|
Has Education - Retirement |
Yes | Yes |
|
Client Webinars |
Yes | No |
|
Client Webinars (Archived) |
Yes | No |
Overall
| Feature | Interactive Brokers | Lloyds Bank |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platform & Tools | ||
| Research | ||
| Education | ||
| Interactive Brokers Review | Lloyds Bank Review | |
| Winner | check_circle |
For our 2020 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Interactive Brokers vs Lloyds Bank.
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, 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.
1 Trade Per Month - Interactive Brokers is cheaper. Interactive Brokers would only cost £132 each year while Lloyds Bank would cost £172.
3 Trades Per Month - Interactive Brokers is less expensive under this scenario. Interactive Brokers would cost £156 per year while Lloyds Bank would cost £436.
10 Trades Per Month - Interactive Brokers is the better choice. Annual fees with Interactive Brokers would total £360, while annual fees with Lloyds Bank would be £1000.
20 Trades Per Month - Interactive Brokers costs less in this scenario. Total annual costs with Interactive Brokers would equal £660, while Lloyds Bank would equal £1960.
Which broker offers a wider range of investment options?
Interactive Brokers offers a more diverse selection of investment options than Lloyds Bank. Interactive Brokers offers investors access to ETFs, Funds, Share Trading and Bonds - Government (Gilts). Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.
Which platform offers better research?
Our testing concluded that Interactive Brokers is better for research than Lloyds Bank. Interactive Brokers offers more research options, including research reports, articles, and analyst ratings.
Which trading platform is better?
To compare the trading platforms of both Interactive Brokers and Lloyds Bank, we tested each broker's trading tools and share dealing app. All features compared, Interactive Brokers offers a better share dealing platform.
Overall, between Interactive Brokers and Lloyds Bank, Interactive Brokers is the winner.
Interactive Brokers ReviewLloyds Bank Review
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All pricing data was obtained from a published web site as of 01/15/2020 and is believed to be accurate, but is not guaranteed. The UK.StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.
