When trading or investing at an online broker, fees can have a big impact on your results, so it's good to know what kind of charges you'll be facing and how these compare to fees at other brokers.
If fees are your top concern, Halifax is a good choice, as it has low fees in general. Check our toplist for cheaper brokers.
I've personally tested dozens of global brokers, carefully looking at their fees not just on their website but also in the course of live trading. Here's how Halifax fared:
- Halifax charges low fees for trading stocks and ETFs.
- There is no inactivity fee even if you leave your account idle for a long time.
- The basic withdrawal fee is $0, but some transactions may cost more.
- Read our full review of Halifax for info on safety, trading platforms and funding.
Assets | Fee level | Fee terms |
---|---|---|
US stock fee | Low | Commission-free, but 1.25% conversion fee for international trades |
EURUSD fee | - | FX not available |
US tech fund fee | Average | £9.50 per trade |
Inactivity fee | Low | No inactivity fee |
It offers commission-free trading for international trades completed online.
Commission-free stock and ETF trading
Trading international stocks at Halifax is comission free, which is a strong argument in favor of the broker.
UK stock
|
$12.0
|
$12.6
|
$6.3
|
---|---|---|---|
US stock
|
$0.0
|
$9.5
|
$6.3
|
German stock
|
$0.0
|
-
|
$6.3
|
Confused about fees? Use this tool to see what the commission fee of a specific stock trade would be at Halifax. To check and compare fees at other brokers, go to our main Fee calculator page.
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Average mutual fund commission
Although average in a wider context, Halifax's fund trading fees are less favorable compared to its immediate competitors. For each transaction, Halifax charges the same £9.50 flat fee as for stocks and ETFs. On top of this, you will also have to pay other costs charged by the fund managers, such as a transaction fee and ongoing charges.
Mutual fund
|
$12.0
|
$0.0
|
$1.9
|
---|
No inactivity fee, no withdrawal fee
There is no inactivity fee for the basic Share Dealing Account; this is great for beginners because this way they don't have to commit to investing or trading frequently in order to avoid inactivity charges. Halifax also charges no withdrawal fees or deposit fees.
On the downside, there's a £36 administration fee per year for the basic Share Dealing Account as well as for the tax-advantaged Stocks/Shares ISA account (you can hold both accounts at the same time for a single £36 charge). Halifax's tax-advantaged SIPP account also involves quarterly administration charges.
Broker | Inactivity fee | Withdrawal fee |
---|---|---|
Halifax | $0 | |
Fidelity International | $0 | |
AJ Bell Youinvest | $0 |
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Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.