Overview of Halifax fees and charges

When it comes to brokerage fees Halifax shows a mixed picture: some fees are high but some are low. First you need to figure out your approach or you should use our questionnaire to be able to tell whether Halifax fees are an advantage for you. Continue reading about Halifax fees and charges to see if this is the right brokerage for you or a similar broker like Fidelity International or AJ Bell Youinvest is better for you.

Here's a high level overview of Halifax's fees

Halifax Fees snapshot
Assets Fee level Fee terms
US stock fee Average £9.50 per trade, 1.25% of exchange rate for international trades
EURUSD fee - Not available
US tech fund fee Average £9.50 per trade
Inactivity fee Low No inactivity fee

Halifax fees
Halifax fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely due to the fact that online brokerages' businesses can be much better scaled: From a purely technical standpoint it doesn't make that much of a difference for them if they have 100 or 5000 clients.

This is not to say however that they don't have any fees at all. They make money by charging you at various events for various rates. Usually you need to keep an eye on these 3 types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually do a trade, i.e. buying an Apple stock or an ETF. What you pay is either a commission, a spread or financing rate. Some brokers apply all of these.
    • A commission is either based on the traded volume or it is fixed.
    • A spread is the difference between the buy price and the sell price
    • Financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These occur related to some operations you make in your account, i.e. depositing money to your account, withdrawing money from it or not trading for an extended amount of time.

We compare Halifax fees with its closest competitors, Fidelity International and AJ Bell Youinvest.

Halifax fees
Halifax trading fees

Halifax's trading fees are mid-tier which means you need to pay special attention to asset classes with high trading fees.

Let's break down the trading fees into the different asset classes available at Halifax.

Trading fees

Halifax's trading fees are average.

Stock fees and ETF fees

Halifax has average stock trading fees.

Stock fees of a $2,000 trade
Halifax Fidelity International AJ Bell Youinvest
US stock $13.3 - $13.9
UK stock $13.3 $14.0 $13.9
German stock $13.3 - $13.9

Fund fees

Halifax fund fees are average.

A $2,000 fund buy fees
Halifax Fidelity International AJ Bell Youinvest
Mutual fund $13.3 $0.0 $2.1
EU mutual fund - - $1.8

Financing rates

Halifax financing rates are .

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

Halifax yearly financing rates
Halifax Fidelity International AJ Bell Youinvest
Apple CFD financing rate - - -
Vodafone CFD financing rate - - -
EURUSD financing rate - - -
EURGBP financing rate - - -

Halifax fees
Halifax non-trading fees

When it comes to looking at all the non-trading fees Halifax is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.

Non-trading fees include various brokerage fees and charges at Halifax that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

A high level overview of how Halifax stacks up in non-trading fees
Halifax Fidelity International AJ Bell Youinvest
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee No No No
Account fee Yes No No

Halifax fees
Halifax deposit fee

Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and Halifax is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods Halifax offers.

Halifax deposit methods
Halifax Fidelity International AJ Bell Youinvest
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets No No No
Deposit fee $0 $0 $0

Halifax fees
Halifax withdrawal fee

Unlike the majority of the online brokers we have reviewed Halifax does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.

Halifax withdrawal fees and options compared
Halifax Fidelity International AJ Bell Youinvest
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets No No No
Withdrawal fee with bank transfer $0 $0 $0

Halifax fees
Halifax inactivity fee

Halifax does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

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

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