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 exploring trading platforms, XTB and Lloyds Bank offer distinct investment avenues. XTB provides share and ETF trading, alongside the opportunity to engage in CFD trading, making it appealing for those interested in diverse trading strategies. In contrast, Lloyds Bank caters to traditional investment seekers with share trading, ETF trading, and a range of other options like funds, corporate and government bonds, as well as investment trusts. This broader array of choices is complemented by advisory services, which are absent from XTB's offerings.
When evaluated by UK.StockBrokers.com, Lloyds Bank emerges slightly ahead with a 5-star rating for investment choices, outshining XTB's 4.5-star rating. The platforms are ranked eighth and thirteenth respectively among 18 brokers evaluated for their investment selections. Ultimately, the decision between XTB and Lloyds Bank hinges on individual preferences, whether one values a mix of traditional and advisory services or leans towards more diverse trading opportunities with CFDs.
| 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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Professional’s Gateway to the World’s Markets.
Low-cost US and UK shares.
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 users seeking mobile trading apps, both XTB and Lloyds Bank offer solutions for iPhone and Android devices. However, their performance and user satisfaction differ significantly. According to UK.StockBrokers.com, XTB's app is rated 4.5 out of 5 stars, placing it at the 6th position out of 18 brokers, indicating a strong user experience and functionality. In contrast, Lloyds Bank's app holds a 3.5-star rating, ranking 17th, suggesting a less favourable user perception. Therefore, for those prioritizing a well-rated mobile trading experience, XTB appears to have a noticeable edge over Lloyds Bank.
Dive deeper: Best Stock Trading Apps UK.
For beginner investors in the UK, XTB and Lloyds Bank offer different levels of educational resources. While neither XTB nor Lloyds Bank provides educational webinars or on-demand archives, XTB offers education specifically focused on share trading, which Lloyds Bank lacks. Both do not provide educational resources on topics such as funds and retirement. When it comes to overall beginner education, UK.StockBrokers.com rates XTB slightly higher with 4.5 stars and a rank of #9 out of 18 brokers, compared to Lloyds Bank's 4-star rating and a rank of #14. This makes XTB a more appealing option for those keen on learning about share trading.
| 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 |
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|
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 |
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Lloyds Bank
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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 | |
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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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