Barclays vs Halifax 2024 (2024)

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Barclays vs Halifax 2024 (1)

Written by StockBrokers.com

February 01, 2024

Is Barclays better than Halifax? After scoring the best share dealing accounts across 46 different variables, our analysis finds that Barclays is better than Halifax. Barclays Smart Investor offers a wide range of investments and accounts and is a good value for those with a midsize portolio who like flat fees. On the downside, it can be complicated to open an account as a non-Barclays bank customer, and you can’t buy or sell investments through the app if you don’t have a Barclays bank account.

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Overall Rating BarclaysHalifax
Overall RatingBarclays vs Halifax 2024 (4) Barclays vs Halifax 2024 (5)
Charges & FeesBarclays vs Halifax 2024 (6) Barclays vs Halifax 2024 (7)
Investment ChoicesBarclays vs Halifax 2024 (8) Barclays vs Halifax 2024 (9)
Mobile AppBarclays vs Halifax 2024 (10) Barclays vs Halifax 2024 (11)
WebsiteBarclays vs Halifax 2024 (12) Barclays vs Halifax 2024 (13)
Ease of UseBarclays vs Halifax 2024 (14) Barclays vs Halifax 2024 (15)
EducationBarclays vs Halifax 2024 (16) Barclays vs Halifax 2024 (17)
ReviewBarclays Review Halifax Review
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Investments BarclaysHalifax
ISAinfoYes Yes
SIPPinfoYes Yes
Share TradinginfoYes No
CFD TradinginfoNo No
FundsinfoYes Yes
ETFsinfoYes Yes
Bonds - CorporateinfoYes Yes
Bonds - Government (Gilts)infoYes Yes
Investment TrustsinfoYes Yes
Spread BettinginfoNo No
Crypto TradinginfoNo No
Advisor ServicesinfoYes No
Trading Fees BarclaysHalifax
Minimum Depositinfo£0.0 £0.0
Share Trading: 0-9 Deals/ Monthinfo£6 £9.50 - £85.50
Share Trading: 10-19 Deals/ Monthinfo£6 £95 - £180.50
Share Trading: 20+ Deals/ Monthinfo£6 £190+
5 trades per year (£30k portfolio)info£78 £36 - £83.50
12 trades per year (£30k portfolio)info£120 £36 - £150
36 trades per year (£30k portfolio)info£264 £36 - £450
120 trades per year (£30k portfolio)info£768 £36 - £1,176
3 fund trades per year (£30k portfolio)info£69 £36 - £64.50
Annual Custody Fee: £0 - £250,000info£48 - £500 £36
Annual Custody Fee: £250K-£500Kinfo£500 - £1,000 £36
Annual Custody Fee: £500,000 - £1minfo£1,000 - £1,500 £36
Annual Custody Fee: £1m and overinfo£1,500 £36
Bonds - Corporate - Feeinfo£6 £9.5
Bonds - Government (Gilts) - Feeinfo£6 £9.5
ETFs - Feeinfo£6 £9.5
Investment Trusts - Feeinfo£6 £9.5
Telephone Dealing Feeinfo£25 £25
Broker Screenshots BarclaysHalifax
Website Gallery (click to expand)

Barclays vs Halifax 2024 (18)Barclays vs Halifax 2024 (19)Barclays vs Halifax 2024 (20)Barclays vs Halifax 2024 (21)Barclays vs Halifax 2024 (22)Barclays vs Halifax 2024 (23)Barclays vs Halifax 2024 (24)

Barclays vs Halifax 2024 (25)Barclays vs Halifax 2024 (26)

Mobile Trading Apps Gallery (click to expand)

Barclays vs Halifax 2024 (27)Barclays vs Halifax 2024 (28)Barclays vs Halifax 2024 (29)

Barclays vs Halifax 2024 (30)Barclays vs Halifax 2024 (31)Barclays vs Halifax 2024 (32)Barclays vs Halifax 2024 (33)

Education Gallery (click to expand)

Barclays vs Halifax 2024 (34)Barclays vs Halifax 2024 (35)

Platforms & Tools BarclaysHalifax
Web PlatforminfoYes Yes
iPhone AppinfoYes Yes
Android AppinfoYes Yes
Stock AlertsinfoNo No
Charting - Indicators / Studiesinfo0 0
Charting - Drawing Toolsinfo0 0
Charting - NotesinfoNo No
Charting - Display Corporate EventsinfoNo No
Charting - Stock OverlaysinfoNo No
Charting - Index OverlaysinfoYes No
Research BarclaysHalifax
Research - SharesinfoYes Yes
Research - CFDsinfoNo No
Research - FundsinfoYes Yes
Fund Research - Research ReportsinfoYes No
Research - ETFsinfoYes Yes
Research - BondsinfoYes Yes
Portfolio Allocation BreakdowninfoYes No
Education BarclaysHalifax
Education (Share Trading)infoYes No
Education (Funds)infoYes No
Education (Retirement)infoYes No
Client WebinarsinfoNo No
Client Webinars (Archived)infoNo No
Overall Summary BarclaysHalifax
Overall RatingBarclays vs Halifax 2024 (36) Barclays vs Halifax 2024 (37)
Charges & FeesBarclays vs Halifax 2024 (38) Barclays vs Halifax 2024 (39)
Investment ChoicesBarclays vs Halifax 2024 (40) Barclays vs Halifax 2024 (41)
Mobile AppBarclays vs Halifax 2024 (42) Barclays vs Halifax 2024 (43)
WebsiteBarclays vs Halifax 2024 (44) Barclays vs Halifax 2024 (45)
Ease of UseBarclays vs Halifax 2024 (46) Barclays vs Halifax 2024 (47)
EducationBarclays vs Halifax 2024 (48) Barclays vs Halifax 2024 (49)
ReviewBarclays Review Halifax Review
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Comparing online share dealing platforms side by side is no small task. For our 2024 review of U.K. brokers, more than 900 data points were collected over a 10-week period and used to score each broker. Let’s compare Barclays and Halifax.

Barclays vs Halifax Comparison

For our 2024 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Barclays vs Halifax.

Is Barclays a good broker?

Barclays Smart Investor offers a wide range of investments and accounts and is a good value for those with a midsize portolio who like flat fees. On the downside, it can be complicated to open an account as a non-Barclays bank customer, and you can’t buy or sell investments through the app if you don’t have a Barclays bank account.

Is Halifax a good broker?

If you are already a Halifax bank customer, it may be worth signing up to Halifax online share dealing for simplicity. The charges are in line with some other brokers, but more expensive than others. If you have a large investment portfolio you may benefit from the low annual management fee of £36. If you are new to Halifax, there may be a better platform for you that is cheaper and easier to open.

Which broker is less expensive?

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, Halifax offers better pricing than Barclays 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 - Barclays would cost £78 per year, while Halifax would cost £36 - £83.50 per year.

12 trades per year - Barclays would cost £120 per year, while Halifax would cost £36 - £150 per year.

36 trades per year - Barclays would cost £264 per year, while Halifax would cost £36 - £450 per year.

120 trades per year - Barclays would cost £768 per year, while Halifax would cost £36 - £1,176 per year.

3 fund trades per year - Barclays would cost £0.0 per year, while Halifax would cost £0.0 per year.

query_stats What type of trader are you?

Our guides can help you choose the right broker for you and the way you trade: whether you consider yourself an investing beginner, a more experienced active trader, or a mobile-first trading enthusiast.

How do Barclays and Halifax compare in terms of minimum deposits required?

Barclays requires a minimum deposit of £0.0, while Halifax requires a minimum deposit of £0.0. From our testing we found for accounts between £0 - £250,000 Barclays charges annual custody fees of £48 - £500, while Halifax charges annual custody fees of £36.

Which broker offers a wider range of investment options?

Barclays offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts and Advisor Services, while Halifax offers investors access to ISA, SIPP, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts. Neither have CFD Trading, Spread Betting and Crypto Trading. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Do Barclays and Halifax offer ISA or SIPP accounts?

Self-invested personal pensions (SIPPs) and individual savings accounts (ISAs) are tax-advantaged savings accounts that are an important tool for many individual investors. You can read more about how these accounts operate at Gov.UK: Click here for SIPP information and here for ISA information. Our analysis finds that Both Barclays and Halifax offer SIPP and ISA accounts.

Do Barclays and Halifax offer cryptocurrency?

In our analysis of top brokers for share dealing in the U.K., we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum, which is still a somewhat rare offering amongst major U.K. brokers. Our review finds that neither Barclays nor Halifax offer crypto investing.

Which broker offers a better website experience?

Our testing concluded that the website of Barclays is better than the website of Halifax. Barclays offers more functionality, is cleanly designed, and is, overall, easier to use for beginners and casual investors.

Which stock trading app is better?

To compare the trading platforms of both Barclays and Halifax, we tested each broker's stock trading app. All features compared, our analysis finds that Halifax offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.

Do Barclays and Halifax offer educational resources?

Educational offerings are of particular importance to those who are newer to investing, and we examine the availability of several different types of educational materials in our analysis. Our research finds that Barclays offers traders access to Education (Share Trading), Education (Funds) and Education (Retirement), while Halifax offers access to neither of these. Neither have Client Webinars and Client Webinars (Archived).

Overall winner: Barclays

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