Written by StockBrokers.com
In this head to head comparison of XTB 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, XTB 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 - XTB would cost £0 per year, while Lloyds Bank would cost £95 per year.
12 trades per year - XTB would cost £0 per year, while Lloyds Bank would cost £40 - £172 per year.
36 trades per year - XTB would cost £0 per year, while Lloyds Bank would cost £40 - £328 per year.
120 trades per year - XTB would cost £0 per year, while Lloyds Bank would cost £40 / £1,000 per year.
3 fund trades per year - XTB would cost £0 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.
For UK investors considering their online trading options, XTB and Lloyds Bank each present unique advantages. Both platforms allow users to engage in share and ETF trading, catering to individuals interested in stock market participation. However, when it comes to other investment opportunities, XTB and Lloyds Bank start to differ. XTB excels in CFD trading, which is unavailable through Lloyds Bank. In contrast, Lloyds Bank provides a broader spectrum of investments, including funds, corporate bonds, government bonds (gilts), and investment trusts. Furthermore, unlike XTB, Lloyds Bank offers advisor services, providing additional support for investors seeking tailored advice.
On the matter of ratings, Lloyds Bank earns an impressive 5 stars from UK.StockBrokers.com for its diverse investment choices, while XTB garners a commendable 4.5 stars. Despite the difference in ratings, both platforms maintain a strong standing, with Lloyds Bank ranked 8th and XTB 13th out of 21 brokers evaluated for investment choices. Whether prioritising a specialist trading approach with XTB or seeking a wide array of investments and advisory services with Lloyds Bank, UK investors have clear options to cater to different investment strategies and needs.
| Feature |
XTB
|
Lloyds Bank
|
|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | Yes | No |
| ETFs | Yes | Yes |
| Funds | No | Yes |
| Bonds - Government (Gilts) | No | Yes |
| Investment Trusts | No | Yes |
| Spread Betting | Yes | 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 the trading tools available through XTB and Lloyds Bank, XTB clearly stands out with a range of advanced features. XTB allows users to display corporate events like earnings, splits, and dividends directly on their charts, a feature not available with Lloyds Bank. Additionally, XTB provides 20 drawing tools and 39 technical indicators for comprehensive chart analysis, whereas Lloyds Bank offers neither. XTB also caters to analytic needs by allowing traders to add personal notes to charts, a convenience absent in Lloyds Bank's offering.
Both XTB and Lloyds Bank offer browser-based trading platforms and the ability to set alerts for stock price updates, making them accessible to users with different preferences. However, XTB has the advantage of providing real-time market data, which is essential for traders looking to react swiftly to market changes. Both platforms lack the option to add index or stock overlays to charts, which might be a consideration for some traders. Overall, for detailed charting and timely market information, XTB seems to be the superior choice for UK investors.
| Feature |
XTB
|
Lloyds Bank
|
|---|---|---|
| Web Platform | Yes | Yes |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 39 | 0 |
| Charting - Drawing Tools | 20 | 0 |
| Charting - Notes | Yes | No |
| Charting - Display Corporate Events | Yes | No |
| Charting - Stock Overlays | No | No |
| Charting - Index Overlays | No | No |
For UK residents considering retirement accounts, XTB and Lloyds Bank both offer ISA accounts, allowing you to save money in a tax-efficient manner. However, when it comes to SIPP accounts, Lloyds Bank provides this option for those who wish to manage their own pension savings, while XTB does not offer SIPP accounts. This distinction may guide your decision if you're interested in additional control over your retirement planning through a SIPP, making Lloyds Bank the suitable choice for this specific need over XTB.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
For UK residents exploring mobile trading options, XTB and Lloyds Bank both offer iPhone and Android apps to cater to your needs. XTB's mobile app stands out with an impressive 4.5-star rating from UK.StockBrokers.com, ranking it 6th out of 21 brokers for mobile apps. In contrast, Lloyds Bank's mobile app holds a 3.5-star rating and is ranked 17th, reflecting a noticeable difference in user satisfaction and overall functionality. When selecting a trading app, these ratings suggest that XTB may provide a more seamless and higher-rated mobile experience compared to Lloyds Bank.
Dive deeper: Best Stock Trading Apps UK.
For UK investors beginning their journey, comparing educational resources between XTB and Lloyds Bank reveals some distinct differences. XTB stands out with a high rating of 4.5 stars for beginner education, earning a top ten spot at #9 among 21 brokers according to UK.StockBrokers.com. This is largely due to their educational resources on share trading, making them a solid choice for those interested in this area. In contrast, Lloyds Bank, with a respectable rating of 4 stars, ranks #14 and offers no specific education on share trading, funds, or retirement. Neither XTB nor Lloyds Bank provides webinars or archived sessions, limiting live educational interaction. For beginners focused on share trading education, XTB offers a more comprehensive option, while Lloyds Bank may appeal to those looking for basic resources without specialization.
| Feature |
XTB
|
Lloyds Bank
|
|---|---|---|
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Education (Share Trading) | Yes | No |
| Education (Funds) | No | No |
| Education (Retirement) | No | No |
| Education |
|
|
Dive deeper: Best UK Trading Platforms for Beginners.
When comparing the market research features of online broker XTB with Lloyds Bank, each offers distinct advantages catering to different investor needs. Lloyds Bank excels in providing comprehensive research reports for funds and bonds, ensuring that investors have access to in-depth information for these financial instruments. In contrast, XTB does not offer these reports but shines in offering tools to view portfolio allocation by asset class, a feature not available with Lloyds Bank. Both platforms provide research for shares and ETFs, but XTB additionally offers insights into CFDs, which Lloyds Bank does not. Therefore, choosing between them may depend on whether you prioritize funds and bonds research or value insights into CFDs and portfolio allocation tools.
| Feature |
XTB
|
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, XTB or Lloyds Bank? After collecting more than 900 data points over a 10-week period, we found XTB to be a better trading platform overall.
XTB has set itself up as a strong competitor in commission-free share trading. Its low fees and solid educational content will make XTB particularly attractive to newer investors. It does not, however, offer an ISA or SIPP.
| Feature |
XTB
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Lloyds Bank
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|---|---|---|
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When comparing online brokers, both XTB and Lloyds Bank do not offer cryptocurrency trading, making neither a choice for investors seeking crypto investment options.
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0 of 5| Overall Rating | XTB | Lloyds Bank | |
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| Review | XTB Review | Lloyds Bank Review | |
| Winner | check_circle |
| Investments | XTB | 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 | Yes | No | |
| Crypto Trading | No | No | |
| Advisor Services | No | Yes |
| Trading Fees | XTB | Lloyds Bank | |
|---|---|---|---|
| Minimum Deposit | £0 | £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) | N/A | £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 | £8 - £11 | |
| Investment Trusts - Fee | N/A | £8 - £11 | |
| Telephone Dealing Fee | N/A | £35 |
| Broker Screenshots | XTB | Lloyds Bank | |
|---|---|---|---|
| Website Gallery (click to expand) |
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| Mobile Trading Apps Gallery (click to expand) |
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| Education Gallery (click to expand) |
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| Platforms & Tools | XTB | Lloyds Bank | |
|---|---|---|---|
| Web Platform | Yes | Yes | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 39 | 0 | |
| Charting - Drawing Tools | 20 | 0 | |
| Charting - Notes | Yes | No | |
| Charting - Display Corporate Events | Yes | No | |
| Charting - Stock Overlays | No | No | |
| Charting - Index Overlays | No | No |
| Research | XTB | 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 | XTB | Lloyds Bank | |
|---|---|---|---|
| Education (Share Trading) | Yes | No | |
| Education (Funds) | No | No | |
| Education (Retirement) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No |
| Overall Summary | XTB | Lloyds Bank | |
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| Review | XTB Review | Lloyds Bank Review | |
| Winner | check_circle |
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