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.
For those in the UK considering their online investment options, Lloyds Bank and Revolut provide distinct pathways. Lloyds Bank shines with its comprehensive investment selections, offering share trading, ETFs, funds, corporate bonds, government bonds (gilts), and investment trusts. It also stands out with advisory services, which Revolut does not provide. This extensive range is reflected in its high rating of 5 stars from UK.StockBrokers.com, ranking it 8th out of 21 brokers for investment choices.
In contrast, Revolut appeals to those interested in both traditional and modern avenues, featuring share and crypto trading. However, its focus is narrower, lacking offerings in ETFs, funds, bonds, and investment trusts. Despite these limitations, its capability to trade cryptocurrencies sets it apart, alongside a UK.StockBrokers.com rating of 3.5 stars, placing it 19th in the same broker comparison. While Revolut may suit tech-savvy investors with an interest in crypto, Lloyds Bank caters to those seeking a wider array of investment opportunities.
| 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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Low-cost US and UK shares.
Professional’s Gateway to the World’s Markets.
When comparing the trading tools of Lloyds Bank and Revolut, it's clear that both platforms have unique offerings. Lloyds Bank provides a browser-based trading platform, making it accessible from various devices. It also offers the ability to set up alerts for stock price updates, though it falls short in providing real-time market data and advanced charting features. For example, Lloyds does not offer tools for displaying corporate events, adding notes, or overlaying indices and stocks on its charts. Similarly, it lacks drawing tools and technical indicators to aid in technical analysis.
Revolut, on the other hand, is accessible primarily through its mobile app but also supports stock price alert creation with the added advantage of offering real-time market data. However, like Lloyds, Revolut does not support chart-enhancing features like displaying corporate events, adding drawing tools, technical indicators, notes, or overlays for indices and stocks. UK traders seeking comprehensive charting capabilities might need to explore other platforms. Nonetheless, for users keen on real-time updates and mobile trading, Revolut provides a competitive edge with its market data accuracy.
| 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 |
For UK users comparing online brokers for retirement account options, Lloyds Bank and Revolut stand out with distinctly different offerings. Lloyds Bank provides Individual Savings Accounts (ISAs) and Self-Invested Personal Pensions (SIPPs), making it a choice for investors seeking these popular UK retirement savings options. On the other hand, Revolut does not offer ISAs or SIPPs, focusing more on other financial services. This makes Lloyds Bank a more suitable option for those specifically interested in managing ISA and SIPP accounts, while Revolut may cater to users with different financial priorities.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
Lloyds Bank and Revolut both offer mobile apps for iPhone and Android users in the UK. While Lloyds Bank's app garners a rating of 3.5 stars from UK.StockBrokers.com, placing it at number 17 out of 21 brokers in their mobile app rankings, Revolut outshines it with a 4-star rating, securing the 14th spot in the same list. Whether you lean towards the traditional banking services of Lloyds or the more modern, digital-first approach of Revolut, both are readily accessible on your mobile device, making it easy to manage finances on the go.
Dive deeper: Best Stock Trading Apps UK.
When it comes to educational resources for beginner investors, Lloyds Bank and Revolut present different offerings and rankings. Neither Lloyds Bank nor Revolut provides client webinars or archived content for those seeking on-demand educational sessions. Furthermore, both platforms lack educational content on specific investment topics such as share trading, funds, and retirement planning. However, according to UK.StockBrokers.com, Lloyds Bank receives a slightly higher rating of 4 stars, ranking 14th out of 21 brokers for beginner education, while Revolut is rated at 3.5 stars, placing it at 21st on the list. UK investors looking for robust educational support might want to consider these rankings when choosing between the two.
| 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.
For UK investors seeking detailed market insights, Lloyds Bank and Revolut present different offerings. Lloyds Bank provides a wealth of research reports, covering funds, shares, ETFs, and bonds, catering well to those who value comprehensive analysis. However, it lacks features like viewing portfolio allocation by asset class, which Revolut does offer. While Revolut also provides research on shares, it does not extend the same service to ETFs, funds, or bonds, making it less suitable for those in need of detailed fund and bond insights. Additionally, neither platform currently supports CFDs research, so investors looking for such resources may need to look elsewhere.
| 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 - £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 | £8 - £11 | N/A | |
| Investment Trusts - Fee | £8 - £11 | 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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