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Trading 212 vs Lloyds Bank 2023

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

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.

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Overall RatingTrading 212Lloyds Bank
Overall Rating 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 3/5 Stars
Offering of Investments 2.5/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Platforms & Tools 3.5/5 Stars 3/5 Stars
Research 2/5 Stars 4/5 Stars
Ease of Use 4/5 Stars N/A
Education 3/5 Stars 3.5/5 Stars
Review Trading 212 Review
Winner check_circle
InvestmentsTrading 212Lloyds 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 FeesTrading 212Lloyds 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 & ToolsTrading 212Lloyds 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
ResearchTrading 212Lloyds 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
EducationTrading 212Lloyds 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 SummaryTrading 212Lloyds Bank
Overall Rating 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 3/5 Stars
Offering of Investments 2.5/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Platforms & Tools 3.5/5 Stars 3/5 Stars
Research 2/5 Stars 4/5 Stars
Ease of Use 4/5 Stars N/A
Education 3/5 Stars 3.5/5 Stars
Review Trading 212 Review
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Trading 212 vs Lloyds Bank Comparison

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.

Which broker is less expensive?

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.

Which broker offers a wider range of investment options?

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.

Which broker offers better research?

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.

Which trading platform is better?

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

Read Next: Best UK Trading Platforms 2022


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