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 exploring online brokerage options, Lloyds Bank and Robinhood UK offer distinct choices. Lloyds Bank provides a broad range of investment options, including share trading, ETFs, various funds, corporate and government bonds, and investment trusts. Additionally, it offers advisor services to guide investors. Rated 5 stars by UK.StockBrokers.com, Lloyds Bank ranks at #8 out of 18 brokers for investment choices, demonstrating its comprehensive selection.
In contrast, Robinhood UK, while offering share trading, lacks the diversity found in Lloyds Bank's investment options. Investors with Robinhood UK do not have access to ETFs, funds, bonds, investment trusts, or advisor services. This limited range of offerings has contributed to its 3-star rating by UK.StockBrokers.com, ranking it at #20 out of 18 brokers for investment choices. While both platforms support share trading, Lloyds Bank emerges as the more versatile option for those seeking a comprehensive investing experience in the UK.
| 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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Professional’s Gateway to the World’s Markets.
Low-cost US and UK shares.
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.
When comparing mobile app offerings between Lloyds Bank and Robinhood UK, both trading platforms provide iPhone and Android apps for their users. In terms of user ratings, Lloyds Bank's mobile app scores 3.5 out of 5 stars, whereas Robinhood UK's app is more favorably received, with a 4-star rating according to UK.StockBrokers.com. Furthermore, among 18 brokers analyzed, Lloyds Bank ranks 17th for mobile app performance, while Robinhood UK fares better, positioned at 13th. For UK investors looking for a smoother mobile trading experience, Robinhood UK may offer a more appealing choice compared to Lloyds Bank.
Dive deeper: Best Stock Trading Apps UK.
When comparing the beginner investor educational resources offered by Lloyds Bank and Robinhood UK, it's clear that both have limitations. Neither broker provides educational webinars for clients, either live or on-demand. While Lloyds Bank does not cover share trading or funds in their educational materials, Robinhood UK offers information about share trading but falls short on providing content about funds and retirement. According to UK.StockBrokers.com, Lloyds Bank's resources are rated 4 out of 5 stars and rank 14th out of 18 brokers for beginner education, whereas Robinhood UK scores 3.5 stars and ranks 20th, highlighting Lloyds Bank's slight edge in educational support for novice investors in the UK.
| 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 |
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|
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 |
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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, £10, £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 | £0 | ||
| Investment Trusts - Fee | 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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