Halifax commission and other fees

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Overview of Halifax fees and charges

We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.

Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
Spread: it denotes the difference between the bid and ask price. When you trade forex or CFDs, spreads can make up a significant part of your trading costs.
Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.

Now, let's dive into the details and see what commissions, spreads, and financing rates Halifax charges.

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Halifax

4.1/5

Minimum deposit

Stock fee

Low

Fund fee

Low

Inactivity fee

Account opening

1 day

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Halifax commission and other trading fees

The good news is that Halifax has low trading fees in general. We ranked the fees of Halifax as low, average, or high based on how they compare with all reviewed brokers.

Check out this table to get an overview of whether Halifax commissions, spreads, and financing rates for each asset class are low/average/high.

Classification of Halifax commission and other trading fees
	Halifax Halifax	Fidelity International Fidelity International	AJ Bell Youinvest AJ Bell Youinvest
Stock and ETF	Low	Average	High
Forex	-	-	-
Fund	Low	Low	Low
Bond	-	-	Low
Options	-	-	-
Futures	-	-	-

Now let's go over the trading fees for each asset class one by one.

Halifax stock and ETF commissions, spreads

Halifax stock and ETF commissions are low. Halifax stock and ETF commissions are charged as per the table below.

Halifax stock and ETF commission
	Halifax Halifax
US stock Estimated commission of a $2,000 trade, assuming a $50 stock price	Commission-free, but 1.25% conversion fee for international trades
UK stock fee Estimated commission of a $2,000 trade, assuming a $50 stock price	£9.50 per trade
German stock Estimated commission of a $2,000 trade	Commission-free, but 1.25% of exchange rate for international trades
Indian stock	Not available

You can compare Halifax stock and ETF fees with the two closest competitors.

Halifax stock and ETF commission, spreads vs competitors
	Halifax Halifax	Fidelity International Fidelity International	AJ Bell Youinvest AJ Bell Youinvest
US stock Estimated commission of a $2,000 trade, assuming a $50 stock price	$0.0 Commission-free, but 1.25% conversion fee for international trades	$9.4 £7.5 per trade, or £1.5 per trade for regular saving plans. For tax-advantaged accounts, there is also an annual service fee.	$12.4 £9.95 per trade
UK stock fee Estimated commission of a $2,000 trade, assuming a $50 stock price	$11.9 £9.50 per trade	$12.5 £7.5 per trade, or £1.5 per trade for regular saving plans. For tax-advantaged accounts, there is also an annual service fee.	$12.4 0-10 trades/month: £9.95; 10 and more trades/month: £4.95
German stock Estimated commission of a $2,000 trade	$0.0 Commission-free, but 1.25% of exchange rate for international trades	- Not available	$12.4 £9.95 per trade
Indian stock	- Not available	- Not available	- Not available

Stock and ETF commissions are calculated for a $2,000 trade

Halifax fund commissions

Halifax fund commissions are low. The table below shows how Halifax fund commissions are calculated.

Halifax fund commissions
	Halifax Halifax
Mutual fund Estimated commission of a $2,000 US domiciled fund trade	£9.50 per trade

Check out how Halifax fund fees compare with the competition.

Halifax fund commissions
	Halifax Halifax	Fidelity International Fidelity International	AJ Bell Youinvest AJ Bell Youinvest
Mutual fund Estimated commission of a $2,000 US domiciled fund trade	$11.9 £9.50 per trade	$0.0 Annual fee based on investments held: £45 flat fee under £7.5k and no monthly regular savings plan (RSP); 0.35% under £7.5k but with RSP, and between £7.5k-£250k; 0.20% between £250k-£1m; no fee on investments over £1m	$1.9 £1.50 per trade

Fund commissions are calculated for a $2,000 trade

Halifax non-trading fees

In addition to trading fees, it's important to see if Halifax charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by Halifax with its two closest competitors.

Halifax non-trading fees vs competitors
	Halifax Halifax	Fidelity International Fidelity International	AJ Bell Youinvest AJ Bell Youinvest
Deposit fee	$0 Free deposit	$0 Free deposit	$0 Free Deposit
Withdrawal fee Fee for withdrawing money from the broker account. It is zero if you can withdraw money for free via any method, e.g. credit/debit card or bank transfer.	$0 Free withdrawal	$0 Free withdrawal	$0 Free withdrawal, for faster withdrawal a £25 fee is charged
Account fee Monthly account fee	Yes £36 administration fee per year	No No account fee	No No account fee
Inactivity fee Fee applied if a customer does not trade for a certain length of time	No No inactivity fee	No No inactivity fee	No No inactivity fee

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

Bottom line

Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by Halifax and its closest competitors. To learn more about Halifax, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.

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