Written by StockBrokers.com
In this head to head comparison of Lloyds Bank vs Revolut, 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, Lloyds Bank offers better pricing than Revolut 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 - Lloyds Bank would cost £95 per year, while Revolut would cost £0 per year.
12 trades per year - Lloyds Bank would cost £40 - £172 per year, while Revolut would cost £0 per year.
36 trades per year - Lloyds Bank would cost £40 - £328 per year, while Revolut would cost £47.88 per year.
120 trades per year - Lloyds Bank would cost £40 / £1,000 per year, while Revolut would cost £540 per year.
3 fund trades per year - Lloyds Bank would cost £0 per year, while Revolut would cost £0 - £540 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 offerings of Lloyds Bank and Revolut, several differences emerge. Lloyds Bank provides a more traditional range of investment options, including share trading, ETFs, funds, corporate bonds, government bonds, and investment trusts. Additionally, Lloyds Bank offers the benefit of advisor services, which can be particularly helpful for those seeking expert guidance. This broad scope of choices has earned Lloyds Bank a 5-star rating from UK.StockBrokers.com, ranking it 8th out of 18 brokers for investment choices.
On the other hand, Revolut presents a streamlined selection, focusing primarily on share trading and the ever-popular crypto trading, which is not available through Lloyds Bank. While Revolut lacks options like ETFs, funds, and bonds, it does provide a modern, tech-friendly platform for investors interested in the dynamic world of cryptocurrencies. UK.StockBrokers.com rates Revolut's investment choices at 3.5 stars; however, it lacks a specific ranking among traditional brokers. This makes Revolut more suitable for those who prioritize innovation and digital convenience over a wide range of investment products.
| Feature |
Lloyds Bank
|
Revolut
|
|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | No | No |
| ETFs | Yes | No |
| Funds | Yes | No |
| Bonds - Government (Gilts) | Yes | No |
| Investment Trusts | Yes | No |
| Spread Betting | No | No |
| Crypto Trading | No | Yes |
| Advisor Services | Yes | No |
| Investment Choices |
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Professional’s Gateway to the World’s Markets.
Low-cost US and UK shares.
When comparing the trading tools of Lloyds Bank and Revolut, both platforms appear to be geared towards simplicity but handle their features differently. Neither Lloyds Bank nor Revolut allows users to view corporate events, such as earnings or dividends, on their charts, and both lack drawing tools and technical indicators. They also do not provide options for adding notes or overlays like indices and stocks to charts. This may limit the options for detailed technical analysis for serious traders on either platform.
Despite these similarities, there are notable differences. Lloyds Bank provides a browser-based trading platform, which can be an advantage for users who prefer trading on a larger screen, while Revolut lacks this feature. On the other hand, Revolut offers real-time market data, an important tool for traders who need the latest information at their fingertips, whereas Lloyds Bank does not. Both brokers, however, allow users to create alerts for stock price updates, providing timely notifications to keep investors informed.
| Feature |
Lloyds Bank
|
Revolut
|
|---|---|---|
| Web Platform | Yes | No |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 0 | 0 |
| Charting - Drawing Tools | 0 | 0 |
| Charting - Notes | No | No |
| Charting - Display Corporate Events | No | No |
| Charting - Stock Overlays | No | No |
| Charting - Index Overlays | No | No |
When it comes to online brokers offering retirement accounts, there's a noticeable difference between Lloyds Bank and Revolut. Lloyds Bank provides both Individual Savings Accounts (ISAs) and Self-Invested Personal Pensions (SIPPs), making it a versatile option for those looking to plan for their financial future within the UK. On the other hand, Revolut currently does not offer ISAs or SIPPs, which may limit its attractiveness to individuals seeking these specific retirement account options. For users prioritizing comprehensive retirement planning, Lloyds Bank stands out by offering these essential account types.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
Both Lloyds Bank and Revolut provide convenient mobile applications for iPhone and Android users, catering to those on the go. Lloyds Bank's app has been rated 3.5 out of 5 stars by UK.StockBrokers.com, placing it at rank 15 out of 18 brokers for its mobile app features. In comparison, Revolut’s app enjoys a higher rating with 4 stars, though it is not currently ranked by UK.StockBrokers.com. This suggests that while both apps are functional, Revolut might offer a slightly better user experience according to reviews. Choosing between them may depend on individual needs and preferences regarding banking and financial management.
Dive deeper: Best Stock Trading Apps UK.
When it comes to educational resources for beginner investors, neither Lloyds Bank nor Revolut offers client webinars or on-demand sessions for topics like share trading, funds, or retirement. However, Lloyds Bank slightly edges out Revolut in beginner education, earning a 4-star rating from UK.StockBrokers.com, compared to Revolut's 3.5 stars. Lloyds Bank is ranked 15th out of 18 brokers for beginner education by UK.StockBrokers.com, while Revolut's ranking is not available. Despite the absence of specific educational content, Lloyds Bank holds a marginally higher reputation among reviewed platforms.
| Feature |
Lloyds Bank
|
Revolut
|
|---|---|---|
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Education (Share Trading) | No | No |
| Education (Funds) | No | No |
| Education (Retirement) | No | No |
| Education |
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Dive deeper: Best UK Trading Platforms for Beginners.
When exploring market research features in online brokerage platforms, Lloyds Bank provides a comprehensive range with access to research reports for funds, shares, ETFs, and bonds, ensuring investors have multiple avenues for informed decision-making. By contrast, Revolut offers a more streamlined selection, excelling with the unique feature of portfolio allocation insights by asset class—a valuable tool unavailable at Lloyds Bank. Both platforms provide shares research; however, Revolut does not extend this to funds, ETFs, or bonds like Lloyds Bank does. Neither broker offers CFDs research. This comparison highlights Lloyds Bank's broad research capabilities against Revolut's specific allocation insight strength.
| Feature |
Lloyds Bank
|
Revolut
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - CFDs | No | No |
| Research - ETFs | Yes | No |
| Research - Bonds | Yes | No |
| Research - Funds | Yes | No |
| Fund Research - Research Reports | Yes | No |
| Portfolio Allocation Breakdown | No | Yes |
Which broker is better overall, Lloyds Bank or Revolut? After collecting more than 900 data points over a 10-week period, we found Lloyds Bank to be a better trading platform overall.
It's easy for current Lloyds Bank customers to open a Lloyds Bank Share Dealing investment account. But there are other platforms that are easier, more comprehensive and cheaper to use, including Halifax, which is also owned by Lloyds Banking Group.
| Feature |
Lloyds Bank
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Revolut
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While Lloyds Bank does not offer crypto trading services, Revolut provides users the ability to trade cryptocurrencies, making it a more versatile option for investors interested in digital assets.
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0 of 5| Overall Rating | Lloyds Bank | Revolut | |
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| Review | Lloyds Bank Review | Revolut Review | |
| Winner | check_circle |
| Investments | Lloyds Bank | Revolut | |
|---|---|---|---|
| ISA | Yes | No | |
| SIPP | Yes | No | |
| Share Trading | Yes | Yes | |
| CFD Trading | No | No | |
| Funds | Yes | No | |
| ETFs | Yes | No | |
| Bonds - Corporate | Yes | No | |
| Bonds - Government (Gilts) | Yes | No | |
| Investment Trusts | Yes | No | |
| Spread Betting | No | No | |
| Crypto Trading | No | No | |
| Advisor Services | Yes | No |
| Trading Fees | Lloyds Bank | Revolut | |
|---|---|---|---|
| Minimum Deposit | £0 | £0 - £540 | |
| Share Trading: 0-9 Deals/ Month | £8, £10, £11 | £0 | |
| Share Trading: 10-19 Deals/ Month | £8 | 0.25% or £1 | |
| Share Trading: 20+ Deals/ Month | £8 | 0.25% or £1 | |
| 5 trades per year (£30k portfolio) | £95 | £0 | |
| 12 trades per year (£30k portfolio) | £40 - £172 | £0 | |
| 36 trades per year (£30k portfolio) | £40 - £328 | £47.88 | |
| 120 trades per year (£30k portfolio) | £40 / £1,000 | £540 | |
| 3 fund trades per year (£30k portfolio) | £44.50 | N/A | |
| Annual Custody Fee: £0 - £250,000 | £40 | £0 - £45 | |
| Annual Custody Fee: £250K-£500K | £40 | £0 - £45 | |
| Annual Custody Fee: £500,000 - £1m | £40 | £0 - £45 | |
| Annual Custody Fee: £1m and over | £40 | £0 - £45 | |
| Bonds - Corporate - Fee | £8 - £11 | N/A | |
| Bonds - Government (Gilts) - Fee | £8 - £11 | N/A | |
| ETFs - Fee | N/A | ||
| Investment Trusts - Fee | N/A | ||
| Telephone Dealing Fee | £35 | N/A |
| Broker Screenshots | Lloyds Bank | Revolut | |
|---|---|---|---|
| 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) |
| Platforms & Tools | Lloyds Bank | Revolut | |
|---|---|---|---|
| Web Platform | Yes | No | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 0 | 0 | |
| Charting - Drawing Tools | 0 | 0 | |
| Charting - Notes | No | No | |
| Charting - Display Corporate Events | No | No | |
| Charting - Stock Overlays | No | No | |
| Charting - Index Overlays | No | No |
| Research | Lloyds Bank | Revolut | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | No | No | |
| Research - Funds | Yes | No | |
| Fund Research - Research Reports | Yes | No | |
| Research - ETFs | Yes | No | |
| Research - Bonds | Yes | No | |
| Portfolio Allocation Breakdown | No | Yes |
| Education | Lloyds Bank | Revolut | |
|---|---|---|---|
| Education (Share Trading) | No | No | |
| Education (Funds) | No | No | |
| Education (Retirement) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No |
| Overall Summary | Lloyds Bank | Revolut | |
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| Review | Lloyds Bank Review | Revolut Review | |
| Winner | check_circle |
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