Written by StockBrokers.com
In this head to head comparison of Lloyds Bank vs Robinhood UK, 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, Robinhood UK 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 - Lloyds Bank would cost £95 per year, while Robinhood UK would cost £0 per year.
12 trades per year - Lloyds Bank would cost £40 - £172 per year, while Robinhood UK would cost £0 per year.
36 trades per year - Lloyds Bank would cost £40 - £328 per year, while Robinhood UK would cost £0 per year.
120 trades per year - Lloyds Bank would cost £40 / £1,000 per year, while Robinhood UK would cost £0 per year.
3 fund trades per year - Lloyds Bank would cost £0 per year, while Robinhood UK 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.
For UK investors seeking a versatile online broker, Lloyds Bank presents a broader selection of investment options compared to Robinhood UK. Lloyds Bank caters to diverse investment preferences by offering share trading, ETFs, funds, corporate bonds, government bonds (gilts), and investment trusts. Additionally, they provide advisor services to guide clients through their investment journey. On the other hand, Robinhood UK focuses mainly on share trading, lacking some of the varied offerings found at Lloyds Bank, such as ETFs, funds, and bonds.
When evaluating investment choices, Lloyds Bank excels with a 5-star rating from UK.StockBrokers.com, ranking 8th out of 21 brokers. In contrast, Robinhood UK is rated 3 stars, placing it at 20th in the same category. Both brokers do not offer crypto trading, spread betting, or CFD trading, making Lloyds Bank the favourable choice for investors who value a wide range of traditional investment vehicles readily available in the UK market.
| Feature |
Lloyds Bank
|
Robinhood UK
|
|---|---|---|
| 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 | No |
| 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 available with Lloyds Bank and Robinhood UK, both platforms exhibit some similarities but also notable differences. Neither Lloyds Bank nor Robinhood UK allows traders to display corporate events such as earnings, splits, or dividends on charts. Additionally, both platforms lack drawing tools, the ability to add notes, and chart overlays for stocks and indices. However, Robinhood UK steps ahead with three technical indicators for charting, while Lloyds Bank offers none, giving Robinhood UK a slight advantage for those interested in technical analysis.
Both Lloyds Bank and Robinhood UK provide a browser-based trading platform, allowing users the convenience of online trading. They also support creating alerts for stock price updates, ensuring investors stay informed. A big differentiator is the availability of real-time market data; Robinhood UK offers this feature, whereas Lloyds Bank does not, potentially making Robinhood UK a more attractive option for those who prefer timely market information.
| Feature |
Lloyds Bank
|
Robinhood UK
|
|---|---|---|
| Web Platform | Yes | Yes |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 0 | 3 |
| 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 choosing between online brokers in the UK, Lloyds Bank and Robinhood UK offer differing options for managing retirement accounts. Lloyds Bank provides both Individual Savings Accounts (ISA) and Self-Invested Personal Pensions (SIPP), offering flexibility for those interested in saving and preparing for retirement. This dual option is ideal for UK residents looking for both tax-efficient savings and personalized pension plans. In contrast, Robinhood UK does not currently offer ISA or SIPP accounts, limiting their appeal for those focused on retirement savings. If retirement account options are a priority for you, Lloyds Bank may be the more suitable choice.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
For UK investors comparing mobile trading apps, Lloyds Bank and Robinhood UK both offer iPhone and Android apps, but their user experiences differ according to UK.StockBrokers.com ratings. Lloyds Bank's mobile app garners a 3.5-star rating, positioning it at #17 out of 21 brokers for mobile apps. Meanwhile, Robinhood UK's app excels with a 4-star rating, earning a higher rank of #13. Users seeking efficient trading experiences may find Robinhood UK offers a slightly superior app, but both platforms provide accessible options for managing investments on-the-go.
Dive deeper: Best Stock Trading Apps UK.
For UK residents looking to dip their toes into investing, the beginner investor educational resources offered by Lloyds Bank and Robinhood UK have notable differences. While both lack client webinars and on-demand sessions, Lloyds Bank doesn't provide specific education on share trading, unlike Robinhood UK. However, neither platform offers guidance for fund investments or retirement planning. Despite this, Lloyds Bank scores higher in beginner education with a rating of 4 stars and ranks 14th out of 21 brokers according to UK.StockBrokers.com, while Robinhood UK has a 3.5-star rating and ranks 20th, indicating a slight edge for Lloyds Bank in educational support for novices.
| Feature |
Lloyds Bank
|
Robinhood UK
|
|---|---|---|
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Education (Share Trading) | No | Yes |
| Education (Funds) | No | No |
| Education (Retirement) | No | No |
| Education |
|
|
Dive deeper: Best UK Trading Platforms for Beginners.
When comparing market research features of online brokers Lloyds Bank and Robinhood UK for UK investors, Lloyds Bank offers a broader range of resources. Both brokers provide research on shares and ETFs. However, Lloyds Bank has the added advantage of offering in-depth research reports on bonds and funds, features Robinhood UK does not match. Neither Lloyds Bank nor Robinhood UK allows users to view portfolio allocation by asset class, and both platforms lack research capabilities for CFDs. For investors prioritizing comprehensive research, Lloyds Bank stands out with its inclusion of detailed reports on multiple asset classes.
| Feature |
Lloyds Bank
|
Robinhood UK
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - CFDs | No | No |
| Research - ETFs | Yes | Yes |
| Research - Bonds | Yes | No |
| Research - Funds | Yes | No |
| Fund Research - Research Reports | Yes | No |
| Portfolio Allocation Breakdown | No | No |
Which broker is better overall, Lloyds Bank or Robinhood UK? 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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Robinhood UK
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Both Lloyds Bank and Robinhood UK do not offer crypto trading options, making them similar in their lack of cryptocurrency investment services for traders.
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0 of 5| Overall Rating | Lloyds Bank | Robinhood UK | |
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| Review | Lloyds Bank Review | Robinhood UK Review | |
| Winner | check_circle |
| Investments | Lloyds Bank | Robinhood UK | |
|---|---|---|---|
| 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 | Robinhood UK | |
|---|---|---|---|
| Minimum Deposit | £0 | £0 | |
| Share Trading: 0-9 Deals/ Month | £8 - £11 | £0 | |
| Share Trading: 10-19 Deals/ Month | £8 | £0 | |
| Share Trading: 20+ Deals/ Month | £8 | £0 | |
| 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 | £0 | |
| 120 trades per year (£30k portfolio) | £40 / £1,000 | £0 | |
| 3 fund trades per year (£30k portfolio) | £44.50 | N/A | |
| Annual Custody Fee: £0 - £250,000 | £40 | £0 | |
| Annual Custody Fee: £250K-£500K | £40 | £0 | |
| Annual Custody Fee: £500,000 - £1m | £40 | £0 | |
| Annual Custody Fee: £1m and over | £40 | £0 | |
| Bonds - Corporate - Fee | £8 - £11 | N/A | |
| Bonds - Government (Gilts) - Fee | £8 - £11 | N/A | |
| ETFs - Fee | £8 - £11 | £0 | |
| Investment Trusts - Fee | £8 - £11 | N/A | |
| Telephone Dealing Fee | £35 | N/A |
| Broker Screenshots | Lloyds Bank | Robinhood UK | |
|---|---|---|---|
| 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 | Robinhood UK | |
|---|---|---|---|
| Web Platform | Yes | Yes | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 0 | 3 | |
| 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 | Robinhood UK | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | No | No | |
| Research - Funds | Yes | No | |
| Fund Research - Research Reports | Yes | No | |
| Research - ETFs | Yes | Yes | |
| Research - Bonds | Yes | No | |
| Portfolio Allocation Breakdown | No | No |
| Education | Lloyds Bank | Robinhood UK | |
|---|---|---|---|
| Education (Share Trading) | No | Yes | |
| Education (Funds) | No | No | |
| Education (Retirement) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No |
| Overall Summary | Lloyds Bank | Robinhood UK | |
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| Review | Lloyds Bank Review | Robinhood UK Review | |
| Winner | check_circle |
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