Overview of Halifax fees and charges
It's safe to say that Halifax's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use Halifax even in case you trade frequently like multiple times a week or daily.
Here's a high level overview of Halifax's fees
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | Low | Commission free, 1.25% of conversion fee for international trades |
| EURUSD fee | - | Not available |
| US tech fund fee | Low | £9.50 per trade |
| Inactivity fee | Low | No inactivity fee |
Halifax fees
Halifax fees explained
We compare Halifax fees with its closest competitors, Fidelity International and AJ Bell Youinvest.
Halifax fees
Halifax trading fees
Halifax's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).
Let's break down the trading fees into the different asset classes available at Halifax.
Trading fees
Halifax's trading fees are low.
Stock fees and ETF fees
Halifax has low stock trading fees.
| Halifax | Fidelity International | AJ Bell Youinvest | |
|---|---|---|---|
| US stock | $0.0 | $11.3 | $11.2 |
| UK stock | $10.7 | $11.3 | $11.2 |
| German stock | $0.0 | - | $11.2 |
Fund fees
Halifax fund fees are low.
| Halifax | Fidelity International | AJ Bell Youinvest | |
|---|---|---|---|
| Mutual fund | $10.7 | $0.0 | $1.7 |
| 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 | Fidelity International | AJ Bell Youinvest | |
|---|---|---|---|
| Apple CFD financing rate | - | - | - |
| Vodafone CFD financing rate | - | - | - |
| EURUSD financing rate | - | - | - |
| EURGBP financing rate | - | - | - |
Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
Currency conversion fee
Halifax will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: 1.25% mark-up.
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.
| 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 | 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 some 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 | 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).
