Written by StockBrokers.com
In this head to head comparison of Lloyds Bank vs Vanguard UK Investor, 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, Lloyds Bank offers better pricing than Vanguard UK Investor 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 Vanguard UK Investor would cost N/A per year.
12 trades per year - Lloyds Bank would cost £40 - £172 per year, while Vanguard UK Investor would cost N/A per year.
36 trades per year - Lloyds Bank would cost £40 - £328 per year, while Vanguard UK Investor would cost N/A per year.
120 trades per year - Lloyds Bank would cost £40 / £1,000 per year, while Vanguard UK Investor would cost N/A per year.
3 fund trades per year - Lloyds Bank would cost £0 per year, while Vanguard UK Investor would cost £500 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 seeking broad investment choices, Lloyds Bank stands out with its diverse offerings, including share trading, ETFs, funds, corporate and government bonds, and investment trusts. Additionally, Lloyds Bank provides advisor services to support informed decision-making. On the other hand, Vanguard UK Investor focuses more narrowly, providing opportunities to trade only ETFs and funds. Both brokers avoid engaging in crypto trading, spread betting, and CFDs.
According to UK.StockBrokers.com, Lloyds Bank earns a 5-star rating and is ranked 8th out of 21 brokers for its investment choices, highlighting the variety it offers to investors. In contrast, Vanguard UK Investor is rated 3.5 stars, placing it at 18th in the same ranking, reflecting its comparatively limited range of options. For those prioritizing investment variety, Lloyds Bank may be more appealing, while Vanguard UK Investor might suit those content with focusing on ETFs and funds.
| Feature |
Lloyds Bank
|
Vanguard UK Investor
|
|---|---|---|
| Share Trading | Yes | No |
| CFD Trading | No | No |
| ETFs | Yes | Yes |
| Funds | Yes | Yes |
| 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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Low-cost US and UK shares.
Professional’s Gateway to the World’s Markets.
When comparing the trading tools provided by Lloyds Bank and Vanguard UK Investor, both platforms have their limitations. Neither service offers the ability to display corporate events like earnings, splits, or dividends on their charts. They also lack drawing tools and technical indicators for charting, meaning investors can experience a similar level of simplicity when it comes to visualizing and analyzing market data through charts. Additionally, both platforms do not allow users to add notes or overlay indices and stocks on charts, keeping their graphical analysis capabilities quite basic.
While both Lloyds Bank and Vanguard UK Investor offer browser-based trading platforms, a key difference lies in the area of stock alerts. Lloyds Bank enables users to create alerts for stock price updates, providing a proactive way to stay informed, whereas Vanguard UK Investor does not include this feature. In terms of market data, neither platform offers real-time updates, making them more suited for investors who do not require instant, on-the-fly data feeds. Overall, Lloyds Bank edges slightly ahead with its alert functionality, although both platforms present a straightforward and streamlined trading experience.
| Feature |
Lloyds Bank
|
Vanguard UK Investor
|
|---|---|---|
| Web Platform | Yes | Yes |
| Stock Alerts | Yes | No |
| Charting - Indicators / Studies | 0 | 0 |
| 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 comparing online brokerage options for retirement accounts in the UK, both Lloyds Bank and Vanguard UK Investor offer Individual Savings Accounts (ISAs) and Self-Invested Personal Pensions (SIPPs). Lloyds Bank provides users with a straightforward way to manage their investments through these popular retirement accounts, appealing to those who may already bank with Lloyds. Vanguard UK Investor, renowned for its cost-effective index funds, also presents a compelling choice for individuals looking to grow their retirement savings through ISAs and SIPPs. Whether you seek the convenience of centralizing your banking and investment services or favor low-cost fund options, both Lloyds Bank and Vanguard UK Investor cater to diverse investment preferences in the retirement planning landscape.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
For UK investors seeking mobile trading convenience, both Lloyds Bank and Vanguard UK Investor provide iPhone and Android apps, making them easily accessible for users of both platforms. When it comes to app performance, both are rated at 3.5 stars by UK.StockBrokers.com, reflecting a satisfactory user experience. In terms of ranking among 21 brokers, Lloyds Bank edges out with a rank of #17, suggesting a slightly better placement than Vanguard UK Investor, which is ranked #19. This comparison indicates both brokers offer reliable apps for trading, though neither tops the chart.
Dive deeper: Best Stock Trading Apps UK.
For UK investors at the start of their journey, Lloyds Bank and Vanguard UK Investor each offer distinct educational resources tailored to beginners. Although neither platform provides live educational webinars, Vanguard makes a compelling case with on-demand access to past webinars, offering flexibility for users to learn at their own pace. Unlike Lloyds Bank, Vanguard also delivers educational content specifically related to funds and retirement planning, filling critical knowledge gaps for novice investors. Despite receiving a higher rating of 4 stars from UK.StockBrokers.com compared to Vanguard's 3.5 stars, Lloyds Bank ranks slightly better in the overall beginner education rankings as well. However, Vanguard stands out for the comprehensive learning aids it does provide, making it a valuable resource for those keen on exploring these specific areas of investing. Both brokers navigate the educational needs of beginners differently, allowing users to choose based on their unique learning preferences.
| Feature |
Lloyds Bank
|
Vanguard UK Investor
|
|---|---|---|
| Client Webinars | No | No |
| Client Webinars (Archived) | No | Yes |
| Education (Share Trading) | No | No |
| Education (Funds) | No | Yes |
| Education (Retirement) | No | Yes |
| Education |
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|
Dive deeper: Best UK Trading Platforms for Beginners.
When comparing Lloyds Bank and Vanguard UK Investor for market research tools, UK investors will find that both platforms provide research reports for funds. Vanguard UK Investor holds an edge in offering insight into portfolio allocation by asset class, a feature Lloyds Bank doesn't offer. Conversely, Lloyds Bank excels in shares research, which is absent in Vanguard's offerings. Both platforms cater to ETF and fund research, but neither provides insights into CFDs. For bonds research, Lloyds Bank supports investor needs, whereas Vanguard does not. Therefore, your choice may hinge on what research aspects you truly prioritize.
| Feature |
Lloyds Bank
|
Vanguard UK Investor
|
|---|---|---|
| Research - Shares | Yes | No |
| Research - CFDs | No | No |
| Research - ETFs | Yes | Yes |
| Research - Bonds | Yes | No |
| Research - Funds | Yes | Yes |
| Fund Research - Research Reports | Yes | Yes |
| Portfolio Allocation Breakdown | No | Yes |
Which broker is better overall, Lloyds Bank or Vanguard UK Investor? 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.
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Vanguard UK Investor
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Both Lloyds Bank and Vanguard UK Investor do not offer cryptocurrency trading, focusing their services on traditional investment platforms.
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0 of 5| Overall Rating | Lloyds Bank | Vanguard UK Investor | |
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| Review | Lloyds Bank Review | Vanguard UK Investor Review | |
| Winner | check_circle |
| Investments | Lloyds Bank | Vanguard UK Investor | |
|---|---|---|---|
| ISA | Yes | Yes | |
| SIPP | Yes | Yes | |
| Share Trading | Yes | No | |
| CFD Trading | No | No | |
| Funds | Yes | Yes | |
| ETFs | Yes | Yes | |
| 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 | Vanguard UK Investor | |
|---|---|---|---|
| Minimum Deposit | £0 | £500 | |
| Share Trading: 0-9 Deals/ Month | £8 - £11 | N/A | |
| Share Trading: 10-19 Deals/ Month | £8 | N/A | |
| Share Trading: 20+ Deals/ Month | £8 | N/A | |
| 5 trades per year (£30k portfolio) | £95 | N/A | |
| 12 trades per year (£30k portfolio) | £40 - £172 | N/A | |
| 36 trades per year (£30k portfolio) | £40 - £328 | N/A | |
| 120 trades per year (£30k portfolio) | £40 / £1,000 | N/A | |
| 3 fund trades per year (£30k portfolio) | £44.50 | £108 | |
| Annual Custody Fee: £0 - £250,000 | £40 | Under £32,000: £48 / Over £32,000: 0.15% | |
| Annual Custody Fee: £250K-£500K | £40 | £375 | |
| Annual Custody Fee: £500,000 - £1m | £40 | £375 | |
| Annual Custody Fee: £1m and over | £40 | £375 | |
| Bonds - Corporate - Fee | £8 - £11 | N/A | |
| Bonds - Government (Gilts) - Fee | £8 - £11 | N/A | |
| ETFs - Fee | £8 - £11 | 0.02% to 0.14% | |
| Investment Trusts - Fee | £8 - £11 | N/A | |
| Telephone Dealing Fee | £35 | N/A |
| Broker Screenshots | Lloyds Bank | Vanguard UK Investor | |
|---|---|---|---|
| Website Gallery (click to expand) |
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| Education Gallery (click to expand) |
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| Platforms & Tools | Lloyds Bank | Vanguard UK Investor | |
|---|---|---|---|
| Web Platform | Yes | Yes | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | No | |
| Charting - Indicators / Studies | 0 | 0 | |
| 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 | Vanguard UK Investor | |
|---|---|---|---|
| Research - Shares | Yes | No | |
| Research - CFDs | No | No | |
| Research - Funds | Yes | Yes | |
| Fund Research - Research Reports | Yes | Yes | |
| Research - ETFs | Yes | Yes | |
| Research - Bonds | Yes | No | |
| Portfolio Allocation Breakdown | No | Yes |
| Education | Lloyds Bank | Vanguard UK Investor | |
|---|---|---|---|
| Education (Share Trading) | No | No | |
| Education (Funds) | No | Yes | |
| Education (Retirement) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | Yes |
| Overall Summary | Lloyds Bank | Vanguard UK Investor | |
|---|---|---|---|
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| Review | Lloyds Bank Review | Vanguard UK Investor Review | |
| Winner | check_circle |
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