Based on our thorough review, Interactive Brokers offers better pricing than Lloyds Bank for share dealing.Īssuming a £30,000 portfolio size, here are the total annual costs for share dealing with both brokers, given different monthly activity scenarios.ĥ trades per year - Interactive Brokers would cost £15 per year, while Lloyds Bank would cost £40 - £95 per year.ġ2 trades per year - Interactive Brokers would cost £36 per year, while Lloyds Bank would cost £40 - £172 per year.ģ6 trades per year - Interactive Brokers would cost £108 per year, while Lloyds Bank would cost £40 - £412 per year.ġ20 trades per year - Interactive Brokers would cost £360 per year, while Lloyds Bank would cost £40 - £1084 per year.ģ fund trades per year - Interactive Brokers would cost £0.0 per year, while Lloyds Bank would cost £0.0 per year. Which broker is less expensive?Īlongside 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. But there are other platforms that are easier, more comprehensive and cheaper to use, including Halifax, which is also owned by Lloyds Banking Group. It's easy for current Lloyds Bank customers to open a Lloyds Bank Share Dealing investment account. ![]() For newer investors, Interactive Brokers is more intimidating, though it's worth exploring the platform to see if you could save money or access more investments compared to other brokers. Interactive Brokers is a sophisticated trading platform aimed at confident and institutional-grade investors. Let's compare Interactive Brokers vs Lloyds Bank. Interactive Brokers vs Lloyds Bank Comparisonįor our 2024 Review, we assessed the best trading platforms in the UK for online share dealing. Let’s compare Interactive Brokers and Lloyds Bank. ![]() brokers, more than 900 data points were collected over a 10-week period and used to score each broker. Close Menu × navigate_before navigate_nextġ20 trades per year (£30k portfolio) infoģ fund trades per year (£30k portfolio) infoĬomparing online share dealing platforms side by side is no small task.
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