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.
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, 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 provide a variety of investment options for UK investors, each catering to different needs. Trading 212 is popular for its accessibility in share trading, trading of ETFs, CFD trading, and investment trusts, scoring an impressive 4.5 stars from UK.StockBrokers.com. However, it lacks offerings in crypto trading, spread betting, funds trading, corporate bonds, government bonds (gilts), and advisory services, which might limit some investors’ strategies. Ranked at 16 out of 21 brokers for investment choices, Trading 212 is ideal for those seeking a straightforward platform focusing on stocks and ETFs.
On the other hand, Lloyds Bank offers a broader range of investment opportunities, excelling in areas where Trading 212 does not. It provides trading services in shares, ETFs, funds, corporate bonds, government bonds, and investment trusts, along with advisory services to guide investors. Though it doesn't offer crypto trading, spread betting, or CFD trading, its comprehensive offerings earn Lloyds Bank a 5-star rating and an 8th place ranking out of 21 brokers by UK.StockBrokers.com for investment choices. This makes it a solid choice for those seeking diverse investment options paired with professional guidance.
| Feature |
Trading 212
|
Lloyds Bank
|
|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | Yes | No |
| ETFs | Yes | Yes |
| Mutual 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 |
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Low-cost US and UK shares.
Professional’s Gateway to the World’s Markets.
When comparing Trading 212 and Lloyds Bank for their trading tools, UK investors will find notable differences. Trading 212 stands out with an impressive suite of 27 drawing tools and 106 technical indicators for charting, allowing for more detailed analysis. Lloyds Bank, on the other hand, does not provide any drawing tools or technical indicators, which might limit its appeal for some traders. Additionally, while both platforms allow users to create alerts for stock price updates and offer browser-based trading, only Trading 212 offers real-time market data, which can be crucial for making timely trading decisions.
Neither Trading 212 nor Lloyds Bank can display corporate events, add index or stock overlays on charts, which might impact traders who rely on these features for comprehensive market insights. However, Trading 212 does allow users to add notes directly to charts, providing an avenue for personalized analysis that Lloyds Bank lacks. Ultimately, for those seeking a more feature-rich charting experience, Trading 212 may offer more flexibility and tools to suit varied trading strategies. Meanwhile, Lloyds Bank provides a streamlined approach, suitable for those focused on simplicity and basic trading needs.
| 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 comparing online broker Trading 212 with Lloyds Bank in terms of retirement account offerings, UK investors will find notable differences. Trading 212 provides Individual Savings Accounts (ISAs), a tax-efficient way to invest, appealing to those looking for straightforward investment options. Lloyds Bank, however, not only offers ISAs but also Self-Invested Personal Pensions (SIPPs), which can be attractive to individuals focused on managing their pension savings and planning for retirement. This makes Lloyds Bank a more comprehensive choice for UK investors seeking both immediate tax benefits and long-term retirement investment flexibility, while Trading 212 is suitable for those who need a simpler investment option like ISAs.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
When it comes to mobile trading apps, both Trading 212 and Lloyds Bank provide options for iPhone and Android users. However, the experiences differ significantly according to UK.StockBrokers.com. Trading 212's mobile app shines with a 5-star rating and ranks 3rd out of 21 brokers for its excellent functionality and user experience. In contrast, Lloyds Bank's mobile app receives a more modest 3.5-star rating, placing it at 17th, indicating room for improvement in its mobile trading features. UK investors seeking a top-rated mobile trading experience may find Trading 212 a more appealing choice.
Dive deeper: Best Stock Trading Apps UK.
For UK beginners seeking investment education, Trading 212 and Lloyds Bank present distinct offerings. Trading 212 provides resources on share trading and funds, while Lloyds Bank does not cover these topics. However, neither broker offers webinars or guidance on retirement investing. Both are equally rated at four stars for beginner education by UK.StockBrokers.com, though Trading 212 slightly outranks Lloyds Bank, coming in at 13th compared to Lloyds' 14th place, out of 21 brokers. Investors keen on learning about shares and funds may find Trading 212's resources more aligned with their needs, while both offer similar overall educational quality for beginners.
| 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 |
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Dive deeper: Best UK Trading Platforms for Beginners.
When comparing market research features, Trading 212 and Lloyds Bank cater to different investor needs in the UK. Trading 212 excels in offering investors insights into shares, ETFs, and CFDs, alongside a useful feature to view portfolio allocation by asset class. However, it lacks research tools for funds and bonds. On the other hand, Lloyds Bank shines in providing comprehensive research reports for funds and bonds, making it suitable for investors seeking detailed reports in these areas. It also supports research for shares and ETFs, though it lacks the feature to view portfolio allocation by asset class. Both platforms provide valuable resources, yet their offerings cater to distinct investment strategies and preferences.
| 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
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Lloyds Bank
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|---|---|---|
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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.
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0 of 5| Overall Rating | Trading 212 | Lloyds Bank | |
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| 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 | |
| Mutual 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 | |||
| Advisor Services | No | Yes |
| Trading Fees | Trading 212 | Lloyds Bank | |
|---|---|---|---|
| Minimum Deposit | £1 | £0 | |
| Share Trading: 0-9 Deals/ Month | £0 | £8 - £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 Platform Fee (Funds): £0 - £250,000 | £0 | £40 | |
| Annual Platform Fee (Funds): £250K-£500K | £0 | £40 | |
| Annual Platform Fee (Funds): £500,000 - £1m | £0 | £40 | |
| Annual Platform Fee (Funds): £1m and over | £0 | £40 | |
| Bonds - Corporate - Fee | N/A | £8 - £11 | |
| Bonds - Government (Gilts) - Fee | N/A | £8 - £11 | |
| ETFs - Fee | 0 | £8 - £11 | |
| Investment Trusts - Fee | 0 | £8 - £11 | |
| Telephone Dealing Fee | N/A | £35 |
| Broker Screenshots | Trading 212 | Lloyds Bank | |
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| 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 | |
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| Review | Trading 212 Review | Lloyds Bank Review | |
| Winner | check_circle |
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