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.
Your capital is at risk.
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 looking to diversify their portfolios through online trading, Lloyds Bank and Robinhood UK present distinct choices. Lloyds Bank shines with a comprehensive array of investment options, including share trading, ETFs, funds, corporate and government bonds, and investment trusts, alongside advisory services. This well-rounded offering secures it a stellar five-star rating and the eighth position out of 21 brokers on UK.StockBrokers.com for investment choices. In contrast, Robinhood UK offers a more limited range, focusing primarily on share trading, with a three-star rating and holding the 20th spot in the same ranking.
Both platforms excel at enabling share trading, but Lloyds Bank stands out for those keen on a varied mix of investment vehicles, including advisory services, which might appeal to beginners seeking guidance. Meanwhile, Robinhood UK's straightforward approach may attract those who prefer a no-frills platform. For UK investors, understanding these differences can make a significant impact on investment strategy and outcomes.
| Feature |
Lloyds Bank
|
Robinhood UK
|
|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | ||
| ETFs | Yes | |
| Funds | Yes | |
| Bonds - Government (Gilts) | Yes | |
| Investment Trusts | Yes | |
| Spread Betting | ||
| Crypto Trading | ||
| Advisor Services | Yes | |
| Investment Choices |
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Low-cost US and UK shares.
Professional’s Gateway to the World’s Markets.
For UK investors comparing the trading tools of Lloyds Bank and Robinhood UK, both platforms present a browser-based trading platform and the capability to create alerts for stock price updates. While neither Lloyds Bank nor Robinhood UK supports drawing tools on their charts, Robinhood UK offers a slight edge with the inclusion of three technical indicators, enhancing chart analysis for investors who value technical insights.
When it comes to displaying corporate events on charts or adding notes, index overlays, and stock overlays, neither platform currently offers these features. However, Robinhood UK stands out with its provision of real-time market data, allowing users to stay informed of the latest market movements. This makes Robinhood UK a more appealing choice for those who prioritise up-to-the-minute data in their trading activities.
| 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 | ||
| Charting - Display Corporate Events | ||
| Charting - Stock Overlays | ||
| Charting - Index Overlays |
When comparing the retirement account options available through Lloyds Bank and Robinhood UK, it's clear that Lloyds Bank has the upper hand. Lloyds Bank provides both Individual Savings Accounts (ISAs) and Self-Invested Personal Pensions (SIPPs), catering to a wide range of retirement planning needs in the UK. On the other hand, Robinhood UK does not offer ISAs or SIPPs, which may limit choices for those seeking comprehensive retirement savings strategies. UK investors seeking a more complete suite of retirement accounts may find Lloyds Bank's offerings more aligned with their needs.
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.
When comparing the beginner investor educational resources of Lloyds Bank and Robinhood UK for a UK audience, Lloyds Bank emerges slightly ahead. Although neither platform offers educational client webinars or archives for on-demand viewing, Robinhood UK provides some education on share trading, unlike Lloyds Bank. Both platforms lack educational resources on funds and retirement. Lloyds Bank receives a higher rating of four stars from UK.StockBrokers.com, ranking 14th out of 21 brokers, whereas Robinhood UK is rated 3.5 stars, placing 20th. This suggests that Lloyds Bank might offer more comprehensive educational resources for novice investors, despite both platforms having room to improve their offerings.
| Feature |
Lloyds Bank
|
Robinhood UK
|
|---|---|---|
| Client Webinars | ||
| Client Webinars (Archived) | ||
| Education (Share Trading) | Yes | |
| Education (Funds) | ||
| Education (Retirement) | ||
| Education |
|
|
Dive deeper: Best UK Trading Platforms for Beginners.
When comparing the market research features of Lloyds Bank and Robinhood UK, it's clear that Lloyds Bank provides more in-depth resources for UK investors. Lloyds Bank excels in offering comprehensive research reports for funds, shares, ETFs, and bonds, ensuring that investors have access to critical information before making decisions. In contrast, Robinhood UK matches Lloyds' shares and ETFs research but falls short by not providing research for funds and bonds nor details on portfolio allocation by asset class. For those seeking extensive research support, Lloyds Bank seems to be the more informative choice. However, if you're more interested in shares and ETFs, both platforms deliver good insights in those areas.
| Feature |
Lloyds Bank
|
Robinhood UK
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - CFDs | ||
| Research - ETFs | Yes | Yes |
| Research - Bonds | Yes | |
| Research - Funds | Yes | |
| Fund Research - Research Reports | Yes | |
| Portfolio Allocation Breakdown |
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
|
|---|---|---|
| Overall Rating |
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| Charges & Fees |
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| Investment Choices |
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| Mobile App |
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| Website |
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| Ease of Use |
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| Education |
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While Lloyds Bank does not provide crypto trading services, Robinhood UK offers its users the opportunity to trade cryptocurrencies, highlighting a distinct advantage for investors interested in digital assets.
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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 | ||
| SIPP | Yes | ||
| Share Trading | Yes | Yes | |
| CFD Trading | |||
| Funds | Yes | ||
| ETFs | Yes | ||
| Bonds - Corporate | Yes | ||
| Bonds - Government (Gilts) | Yes | ||
| Investment Trusts | Yes | ||
| Spread Betting | |||
| Crypto Trading | |||
| Advisor Services | Yes |
| 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 | |||
| Charting - Display Corporate Events | |||
| Charting - Stock Overlays | |||
| Charting - Index Overlays |
| Research | Lloyds Bank | Robinhood UK | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | |||
| Research - Funds | Yes | ||
| Fund Research - Research Reports | Yes | ||
| Research - ETFs | Yes | Yes | |
| Research - Bonds | Yes | ||
| Portfolio Allocation Breakdown |
| Education | Lloyds Bank | Robinhood UK | |
|---|---|---|---|
| Education (Share Trading) | Yes | ||
| Education (Funds) | |||
| Education (Retirement) | |||
| Client Webinars | |||
| Client Webinars (Archived) |
| Overall Summary | Lloyds Bank | Robinhood UK | |
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| Review | Lloyds Bank Review | Robinhood UK Review | |
| Winner | check_circle |
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