Written by StockBrokers.com
Is Trading 212 better than Lloyds Bank? After scoring the best share dealing accounts across 46 different variables, Trading 212 is better than Lloyds Bank. Trading 212 offers low-cost trading without lots of bells and whistles. Though tools, research and investments are limited, its user-friendliness and pricing may be an attractive option for the beginner trader.
| Overall Rating | Trading 212 | Lloyds Bank | |
|---|---|---|---|
| Overall Rating |
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| Commissions & Fees |
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| Offering of Investments |
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| Mobile Trading |
|
| |
| Platforms & Tools |
|
| |
| Research |
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| |
| Ease of Use |
| N/A | |
| Education |
|
| |
| Review | Trading 212 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 | No | Yes | |
| Spread Betting | No | No | |
| Crypto Trading | No | No | |
| Advisor Services | No | Yes |
| Trading Fees | Trading 212 | Lloyds Bank | |
|---|---|---|---|
| Minimum Deposit | £1.0 | £0.0 | |
| Share Trading: 0-9 Deals/ Month | 0 | £8 to 11 | |
| Share Trading: 10-19 Deals/ Month | 0 | £8 | |
| Share Trading: 20+ Deals/ Month | 0 | £8 | |
| 5 trades per year (£30k portfolio) | £196 | £47.5 | |
| 12 trades per year (£30k portfolio) | £196 | £172 | |
| 36 trades per year (£30k portfolio) | £196 | £436 | |
| 120 trades per year (£30k portfolio) | £196 | £1000 | |
| 3 fund trades per year (£30k portfolio) | N/A | £44.5 | |
| Annual Custody Fee: £0 - £250,000 | £0 (Other Fees Apply) | £40 (flat) | |
| Annual Custody Fee: £250K-£500K | £0 (Other Fees Apply) | £40 | |
| Annual Custody Fee: £500,000 - £1m | £0 (Other Fees Apply) | £40 | |
| Annual Custody Fee: £1m and over | £0 (Other Fees Apply) | £40 | |
| Bonds - Corporate - Fee | N/A | £11 | |
| Bonds - Government (Gilts) - Fee | N/A | £11 | |
| ETFs - Fee | 0 | £11 | |
| Investment Trusts - Fee | N/A | £11 | |
| Telephone Dealing Fee | N/A | £25 |
| 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 | 54 | 83 | |
| Charting - Drawing Tools | 25 | 17 | |
| Charting - Notes | Yes | Yes | |
| 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 | No | Yes | |
| Research - Funds | No | Yes | |
| Fund Research - Research Reports | No | No | |
| Research - ETFs | No | Yes | |
| Research - Bonds | No | Yes | |
| Portfolio Allocation Breakdown | Yes | Yes |
| Education | Trading 212 | Lloyds Bank | |
|---|---|---|---|
| Has Education - Share Trading | Yes | Yes | |
| Has Education - Funds | No | Yes | |
| Has Education - Retirement | No | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes |
| Overall Summary | Trading 212 | Lloyds Bank | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Offering of Investments |
|
| |
| Mobile Trading |
|
| |
| Platforms & Tools |
|
| |
| Research |
|
| |
| Ease of Use |
| N/A | |
| Education |
|
| |
| Review | Trading 212 Review | ||
| Winner | check_circle |
For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Trading 212 vs Lloyds Bank.
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 £196 per year, while Lloyds Bank would cost £47.5 per year.
12 trades per year - Trading 212 would cost £196 per year, while Lloyds Bank would cost £172 per year.
36 trades per year - Trading 212 would cost £196 per year, while Lloyds Bank would cost £436 per year.
120 trades per year - Trading 212 would cost £196 per year, while Lloyds Bank would cost £1000 per year.
3 fund trades per year - Trading 212 would cost N/A per year, while Lloyds Bank would cost £44.5 per year.
Trading 212 offers investors access to ISA, Share Trading, CFD Trading and ETFs, while Lloyds Bank offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts and Advisor Services, neither have Spread Betting and Crypto Trading. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.
Our testing concluded that Trading 212 is better for research than Lloyds Bank. Trading 212 offers more research options, including research reports, articles, and analyst ratings.
To compare the trading platforms of both Trading 212 and Lloyds Bank, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, Trading 212 offers a better share dealing platform and Trading 212 offers a better stock app for mobile trading.
Overall winner: Trading 212
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