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.
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, 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 looking to explore online trading platforms, both XTB and Lloyds Bank present a range of options, but they cater to somewhat different investment needs. XTB, recognized with a 4.5-star rating by UK.StockBrokers.com, offers a streamlined platform that includes share and ETF trading, as well as the option for CFD trading. However, XTB's offerings do not extend to trading corporate or government bonds, investment trusts, or fund trading, nor does it provide advisor services. This makes XTB a good choice for investors who are primarily interested in shares, ETFs, and CFDs.
On the other hand, Lloyds Bank garners a slightly higher, 5-star rating and ranks 8th out of 21 brokers for investment choices. It provides a comprehensive range of investment options, including share and ETF trading similar to XTB. However, Lloyds Bank extends its services to include funds, corporate bonds, government bonds, and investment trusts, coupled with professional advisor services. This broad spectrum of offerings makes Lloyds Bank an appealing choice for investors seeking more traditional and diversified investment products, combined with the support of advisor services to guide their decision-making.
| Feature |
XTB
|
Lloyds Bank
|
|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | Yes | |
| ETFs | Yes | Yes |
| Funds | Yes | |
| Bonds - Government (Gilts) | Yes | |
| Investment Trusts | Yes | |
| Spread Betting | Yes | |
| Crypto Trading | ||
| Advisor Services | Yes | |
| Investment Choices |
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Low-cost US and UK shares.
Professional’s Gateway to the World’s Markets.
When comparing trading tools offered by XTB and Lloyds Bank, XTB provides a more comprehensive suite of features. XTB allows traders to display corporate events like earnings, splits, and dividends directly on charts, a feature not available with Lloyds Bank. Moreover, XTB offers 20 drawing tools and 39 technical indicators for chart analysis, while Lloyds Bank provides none. XTB also surpasses Lloyds Bank with its ability to add notes to charts, enhancing the charting and analysis experience.
Both XTB and Lloyds Bank provide browser-based trading platforms and enable users to create alerts for stock price updates. However, XTB's offering is further enhanced by access to real-time market data, an area where Lloyds Bank falls short. These features make XTB a more versatile option for traders seeking advanced charting and analysis functionalities.
| 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 | |
| Charting - Display Corporate Events | Yes | |
| Charting - Stock Overlays | ||
| Charting - Index Overlays |
When comparing the online broker XTB with Lloyds Bank in the context of retirement accounts available to UK investors, both platforms offer ISA accounts, allowing individuals to invest tax-efficiently. However, Lloyds Bank stands out by also providing SIPP accounts, which enable self-employed individuals and others to consolidate their pensions and potentially benefit from tax relief. While XTB excels with its trading platform features, those specifically interested in retirement-focused investment options might find the comprehensive offerings from Lloyds Bank more aligned with their pension planning needs.
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.
When comparing the educational resources for beginner investors between online broker XTB and Lloyds Bank, each has its distinct advantages. While both platforms lack client webinars, which could be beneficial for hands-on learning, XTB stands out with its archived webinars, offering learners the flexibility to access information at their convenience. XTB provides education on share trading, catering specifically to those interested in this area. In contrast, Lloyds Bank does not specify if they cover share trading, funds, or retirement topics in their educational offerings. According to UK.StockBrokers.com, XTB is rated slightly higher with a 4.5-star rating compared to Lloyds Bank's 4 stars and is ranked 9th out of 21 brokers for beginner education, surpassing Lloyds Bank, which holds the 14th position. This suggests that XTB may offer a more comprehensive learning experience for newcomers to investing.
| Feature |
XTB
|
Lloyds Bank
|
|---|---|---|
| Client Webinars | ||
| Client Webinars (Archived) | ||
| Education (Share Trading) | Yes | |
| Education (Funds) | ||
| Education (Retirement) | ||
| Education |
|
|
Dive deeper: Best UK Trading Platforms for Beginners.
When comparing market research features between XTB and Lloyds Bank for UK investors, both platforms provide comprehensive shares and ETFs research. However, Lloyds Bank has an edge in offering detailed research reports for funds and bonds, whereas XTB does not. On the other hand, XTB provides insights into portfolio allocation by asset class and includes research on CFDs, which Lloyds Bank lacks. Ultimately, Lloyds Bank suits those needing in-depth fund and bond insights, while XTB appeals to investors interested in CFDs and asset class allocation.
| Feature |
XTB
|
Lloyds Bank
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - CFDs | Yes | |
| Research - ETFs | Yes | Yes |
| Research - Bonds | Yes | |
| Research - Funds | Yes | |
| Fund Research - Research Reports | Yes | |
| Portfolio Allocation Breakdown | Yes |
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
|
Lloyds Bank
|
|---|---|---|
| Overall Rating |
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| Charges & Fees |
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| Investment Choices |
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| Mobile App |
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| Website |
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| Ease of Use |
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| Education |
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While XTB provides users with the opportunity to trade cryptocurrencies, Lloyds Bank does not offer crypto trading services, highlighting a key difference between these two financial platforms.
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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 | Yes | ||
| Share Trading | Yes | Yes | |
| CFD Trading | Yes | ||
| Funds | Yes | ||
| ETFs | Yes | Yes | |
| Bonds - Corporate | Yes | ||
| Bonds - Government (Gilts) | Yes | ||
| Investment Trusts | Yes | ||
| Spread Betting | Yes | ||
| Crypto Trading | |||
| Advisor Services | 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 | ||
| Charting - Display Corporate Events | Yes | ||
| Charting - Stock Overlays | |||
| Charting - Index Overlays |
| Research | XTB | Lloyds Bank | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | Yes | ||
| Research - Funds | Yes | ||
| Fund Research - Research Reports | Yes | ||
| Research - ETFs | Yes | Yes | |
| Research - Bonds | Yes | ||
| Portfolio Allocation Breakdown | Yes |
| Education | XTB | Lloyds Bank | |
|---|---|---|---|
| Education (Share Trading) | Yes | ||
| Education (Funds) | |||
| Education (Retirement) | |||
| Client Webinars | |||
| Client Webinars (Archived) |
| Overall Summary | XTB | Lloyds Bank | |
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| Review | XTB Review | Lloyds Bank Review | |
| Winner | check_circle |
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