Written by StockBrokers.com
In this head to head comparison of Trading 212 vs Lloyds Bank, 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, Trading 212 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 - Trading 212 would cost £0 per year, while Lloyds Bank would cost £95 per year.
12 trades per year - Trading 212 would cost £0 per year, while Lloyds Bank would cost £40 - £172 per year.
36 trades per year - Trading 212 would cost £0 per year, while Lloyds Bank would cost £40 - £328 per year.
120 trades per year - Trading 212 would cost £0 per year, while Lloyds Bank would cost £40 / £1,000 per year.
3 fund trades per year - Trading 212 would cost £1 per year, while Lloyds Bank 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.
Trading 212 and Lloyds Bank both offer appealing options for investors, but with some notable differences. For those interested in share trading and exchange-traded funds (ETFs), both platforms provide robust solutions. However, Trading 212 stands out for offering contract for difference (CFD) trading, a feature that Lloyds Bank does not support. On the other hand, Lloyds Bank offers a wider range of traditional investment choices, including funds, corporate bonds, government bonds, and advisor services, which Trading 212 does not provide.
Despite the differences in available investment options, both platforms have received commendable ratings for their investment choices. Trading 212 boasts a 4.5-star rating from UK.StockBrokers.com, ranking it 11th out of 18 brokers. In comparison, Lloyds Bank is rated at a full 5 stars and holds the 8th position, reflecting its broader investment offerings. Whether you prioritize modern trading options like CFDs or prefer traditional investments, each platform offers distinct features to accommodate varying investor needs.
| Feature |
Trading 212
|
Lloyds Bank
|
|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | Yes | No |
| ETFs | Yes | Yes |
| Funds | No | Yes |
| Bonds - Government (Gilts) | No | Yes |
| Investment Trusts | Yes | Yes |
| Spread Betting | No | No |
| Crypto Trading | No | No |
| Advisor Services | No | Yes |
| Investment Choices |
|
|
Professional’s Gateway to the World’s Markets.
Low-cost US and UK shares.
When it comes to comparing trading tools offered by Trading 212 and Lloyds Bank, Trading 212 shines as a feature-rich platform. It provides over 27 drawing tools and 106 technical indicators for chart analysis, significantly outperforming Lloyds Bank, which offers neither. Moreover, Trading 212 allows users to add personalized notes directly onto charts, further enhancing the user experience. Both platforms lack the ability to display corporate events or add index and stock overlays to charts, but Trading 212's robust charting tools give it a considerable edge over Lloyds Bank.
Both Trading 212 and Lloyds Bank offer browser-based trading platforms, allowing easy access for traders. However, Trading 212 sets itself apart by offering real-time market data, while Lloyds Bank does not provide this feature. Additionally, both platforms enable users to create stock price alerts, ensuring investors stay informed about market movements. Overall, for traders seeking comprehensive charting capabilities and timely market insights, Trading 212 emerges as the superior choice compared to Lloyds Bank.
| Feature |
Trading 212
|
Lloyds Bank
|
|---|---|---|
| Web Platform | Yes | Yes |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 106 | 0 |
| Charting - Drawing Tools | 27 | 0 |
| Charting - Notes | Yes | No |
| Charting - Display Corporate Events | No | No |
| Charting - Stock Overlays | No | No |
| Charting - Index Overlays | No | No |
When choosing a platform for your retirement savings, it's essential to compare the options provided by Trading 212 and Lloyds Bank, particularly for UK investors. Both Trading 212 and Lloyds Bank offer ISA accounts, allowing tax-efficient savings for individuals looking to grow their investments. However, when it comes to SIPP accounts, which are crucial for retirement planning and provide tax advantages, there's a significant difference. Trading 212 does not currently offer SIPP accounts, whereas Lloyds Bank does, making the latter a more comprehensive choice for individuals looking to manage their retirement savings through a Self-Invested Personal Pension.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
When comparing the mobile apps of Trading 212 and Lloyds Bank, both offer user-friendly apps for iPhone and Android users, ensuring convenient access to their services on the go. Trading 212 receives a superior rating of 5 stars from UK.StockBrokers.com, reflecting its robust features and user satisfaction, while Lloyds Bank's mobile app holds a rating of 3.5 stars. Among 18 evaluated brokers, Trading 212 secures the 9th position for its mobile app, demonstrating a higher standing in terms of performance and customer approval, whereas Lloyds Bank ranks at 15th, indicating room for refinement. Both apps cater to mobile banking and trading needs, yet Trading 212 appears to provide a more favorable mobile experience overall.
Dive deeper: Best Stock Trading Apps UK.
For beginner investors seeking educational resources, Trading 212 and Lloyds Bank offer differing options. Both platforms lack educational client webinars, whether live or on-demand. However, Trading 212 provides educational material on share trading and funds, areas where Lloyds Bank does not offer guidance. Neither platform offers education on retirement topics. When rated by UK.StockBrokers.com, both Trading 212 and Lloyds Bank receive a commendable four-star rating for beginner education. Nevertheless, Trading 212 ranks higher at 11th place out of 18 brokers, compared to Lloyds Bank's 15th place. This suggests Trading 212 may have a slight edge in terms of educational offerings for novice investors.
| Feature |
Trading 212
|
Lloyds Bank
|
|---|---|---|
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Education (Share Trading) | Yes | No |
| Education (Funds) | Yes | No |
| Education (Retirement) | No | No |
| Education |
|
|
Dive deeper: Best UK Trading Platforms for Beginners.
When comparing Trading 212 and Lloyds Bank for their market research features, each platform has unique offerings. Trading 212 excels in providing users with tools for shares, ETFs, and CFDs research, alongside the ability to view portfolio allocation by asset class, which is not available with Lloyds Bank. Conversely, Lloyds Bank offers extensive research reports for funds and bonds, areas where Trading 212 falls short. Both platforms offer robust shares and ETFs research, catering to a wide range of investment strategies. However, for investors focused on funds and bonds, Lloyds Bank provides more comprehensive insights, making it a better choice for those specific interests.
| Feature |
Trading 212
|
Lloyds Bank
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - CFDs | Yes | No |
| Research - ETFs | Yes | Yes |
| Research - Bonds | No | Yes |
| Research - Funds | No | Yes |
| Fund Research - Research Reports | No | Yes |
| Portfolio Allocation Breakdown | Yes | No |
Which broker is better overall, Trading 212 or Lloyds Bank? After collecting more than 900 data points over a 10-week period, we found Trading 212 to be a better trading platform overall.
Trading 212 offers commission-free share dealing and is a great option for those looking to simply execute share or ETF trades. Novice investors or those looking for more diversification through mutual funds may find better options elsewhere.
| Feature |
Trading 212
|
Lloyds Bank
|
|---|---|---|
| Overall Rating |
|
|
| Charges & Fees |
|
|
| Investment Choices |
|
|
| Mobile App |
|
|
| Website |
|
|
| Ease of Use |
|
|
| Education |
|
|
Neither Trading 212 nor Lloyds Bank currently offers cryptocurrency trading, positioning both as traditional financial service providers, with Trading 212 specializing in online brokerage and stock trading and Lloyds Bank focusing on conventional banking services.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Trading 212 | Lloyds Bank | |
|---|---|---|---|
| Overall Rating |
|
| |
| Charges & Fees |
|
| |
| Investment Choices |
|
| |
| Mobile App |
|
| |
| Website |
|
| |
| Ease of Use |
|
| |
| Education |
|
| |
| Review | Trading 212 Review | Lloyds Bank Review | |
| Winner | check_circle |
| Investments | Trading 212 | Lloyds Bank | |
|---|---|---|---|
| ISA | Yes | Yes | |
| SIPP | No | Yes | |
| Share Trading | Yes | Yes | |
| CFD Trading | Yes | No | |
| Funds | No | Yes | |
| ETFs | Yes | Yes | |
| Bonds - Corporate | No | Yes | |
| Bonds - Government (Gilts) | No | Yes | |
| Investment Trusts | Yes | Yes | |
| Spread Betting | No | No | |
| Crypto Trading | No | No | |
| Advisor Services | No | Yes |
| Trading Fees | Trading 212 | Lloyds Bank | |
|---|---|---|---|
| Minimum Deposit | £1 | £0 | |
| Share Trading: 0-9 Deals/ Month | £0 | £8, £10, £11 | |
| Share Trading: 10-19 Deals/ Month | £0 | £8 | |
| Share Trading: 20+ Deals/ Month | £0 | £8 | |
| 5 trades per year (£30k portfolio) | £0 | £95 | |
| 12 trades per year (£30k portfolio) | £0 | £40 - £172 | |
| 36 trades per year (£30k portfolio) | £0 | £40 - £328 | |
| 120 trades per year (£30k portfolio) | £0 | £40 / £1,000 | |
| 3 fund trades per year (£30k portfolio) | £0 | £44.50 | |
| Annual Custody Fee: £0 - £250,000 | £0 | £40 | |
| Annual Custody Fee: £250K-£500K | £0 | £40 | |
| Annual Custody Fee: £500,000 - £1m | £0 | £40 | |
| Annual Custody Fee: £1m and over | £0 | £40 | |
| Bonds - Corporate - Fee | N/A | £8 - £11 | |
| Bonds - Government (Gilts) - Fee | N/A | £8 - £11 | |
| ETFs - Fee | 0 | ||
| Investment Trusts - Fee | 0 | ||
| Telephone Dealing Fee | N/A | £35 |
| Broker Screenshots | Trading 212 | Lloyds Bank | |
|---|---|---|---|
| Website Gallery (click to expand) |
|
| |
| Mobile Trading Apps Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
| Platforms & Tools | Trading 212 | Lloyds Bank | |
|---|---|---|---|
| Web Platform | Yes | Yes | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 106 | 0 | |
| Charting - Drawing Tools | 27 | 0 | |
| Charting - Notes | Yes | No | |
| Charting - Display Corporate Events | No | No | |
| Charting - Stock Overlays | No | No | |
| Charting - Index Overlays | No | No |
| Research | Trading 212 | Lloyds Bank | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | Yes | No | |
| Research - Funds | No | Yes | |
| Fund Research - Research Reports | No | Yes | |
| Research - ETFs | Yes | Yes | |
| Research - Bonds | No | Yes | |
| Portfolio Allocation Breakdown | Yes | No |
| Education | Trading 212 | Lloyds Bank | |
|---|---|---|---|
| Education (Share Trading) | Yes | No | |
| Education (Funds) | Yes | No | |
| Education (Retirement) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No |
| Overall Summary | Trading 212 | Lloyds Bank | |
|---|---|---|---|
| Overall Rating |
|
| |
| Charges & Fees |
|
| |
| Investment Choices |
|
| |
| Mobile App |
|
| |
| Website |
|
| |
| Ease of Use |
|
| |
| Education |
|
| |
| Review | Trading 212 Review | Lloyds Bank Review | |
| Winner | check_circle |
IG Group Review
Saxo Review
eToro Review
Interactive Brokers Review
Trading 212 Review
XTB Review
CMC Invest Review
Vanguard Review
Hargreaves Lansdown Review
Halifax Review
Freetrade Review