Our take on Halifax
UK stockbroker, part of Halifax (Bank of Scotland), owned by Lloyds Banking Group. Halifax has low fees, free deposits and withdrawals from your account, and a straightforward account opening process with the option to set up a UK tax-exempt ISA. It is a good choice for beginner investors. Halifax's product selection is weak. Customer support is very poor, taking very long to solve problems. There are no mobile or desktop trading platforms available. BrokerChooser gave Halifax a 4.4/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Pros | Cons |
---|---|
• Low fees
|
• Weak product selection
|
• Good options for deposit/withdrawal
|
• Very poor customer service
|
• Quick and easy account opening
|
• No mobile or desktop platforms
|
Halifax main highlights
🗺️ Country of regulation | UK |
💰 Trading fees class | Low |
💰 Inactivity fee charged | No |
💰 Withdrawal fee amount | $0 |
💰 Minimum deposit | $0 |
🕖 Time to open an account | 1 day |
💳 Deposit with bank card | Available |
👛 With electronic wallet | Not available |
💱 Number of base currencies | 1 |
🎮 Demo account provided | No |
🛍️ Products offered | Stock, ETF, Fund, Investment Trusts |
Halifax summary
- Low stock and ETF fees / Free stock trading
- No withdrawal fee
- No inactivity fee
- Annual account fee
Halifax review
Fees
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Account opening
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Deposit and withdrawal
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Web trading platform
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Mobile trading platform
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Desktop trading platform
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Markets and products
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Research
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Customer service
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Education
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Safety
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Bottom line
Halifax Share Dealing is a reputable UK broker with low fees. There are free deposits and withdrawals from your account, and a quick and easy account opening process with the option to set up a UK tax-exempt ISA. This broker could be the right option for long-term investors that only initiate trades occasionally.
In some respects, though, Halifax is lagging behind its competition. It has a weak product selection, as well as inefficient and unresponsive customer support. Halifax offers no mobile trading app or desktop trading platform.
As your account will be ready within a few days and no inactivity fee is charged, you should feel free to try Halifax.
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