Halifax offers competitive pricing for passive fund traders but quickly becomes expensive for those who trade stocks at least once a month. Halifax provides no dedicated mobile application and, overall, is average compared to industry leaders.
Top Takeaways for 2020
After reviewing Halifax Share Dealing, here are our top findings:
- Halifax, which charges no custody fees, is a cheap option if you only make a handful of fund trades a year. For traders that place at least one stock trade a month, there are much cheaper options than paying £12.50 per trade, even after considering custody fees. DEGIRO offers much less expensive stock trading, while FinecoBank offers cheap trading for investors trading a mix of stocks and funds.
- Halifax does not currently offer a mobile app. To trade from a mobile device, traders must use the Halifax website, which is not the same as a dedicated app experience. The website has some usability issues, such as forcing users to re-login every time they research shares.
- Halifax offers an average trading platform, average research, and average education section. Brokers such as IG and Interactive Brokers offer more tools and research for less costs.
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About the author: Steve Miley With 25 years of experience in institutional financial markets, Steve has won multiple Technical Analyst Magazine awards, including "Best Independent Fixed Income" and "Best FX Research." Alongside StockBrokers.com, Steve is the founder of The Market Chartist where he provides market research for institutional clients.
About the author: Blain Reinkensmeyer As Head of Research at StockBrokers.com, Blain Reinkensmeyer has 18 years of trading experience with over 1,000 trades placed during that time. Referenced as a leading expert on the US online brokerage industry, Blain has been quoted in The New York Times, Forbes, and the Chicago Tribune, among others.