Alpaca Trading vs Halifax compared

Alpaca Trading
Halifax
Key differences
We took 8 criteria of our comparison (fee, account opening, customer service, markets&product, research, trading platform, deposit&withdrawal) and listed the angles with the greatest difference here below.
  • Customer service score
    3.7
    /5
  • Trading platform combined score
    4.0
    /5
  • Deposit and withdrawal score
    1.8
    /5
  • Customer service score
    0.0
    /5
  • Trading platform combined score
    0.8
    /5
  • Deposit and withdrawal score
    3.8
    /5
Recommended for
  • Beginners
    4.4
    /5
  • Equity
    4.3
    /5
  • Beginners
    3
    /5
You can open an account in United States
You can't open an account in United States
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*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.7

Recommended for Traders interested in algorithmic stock trading

Overall Score
4.4

Recommended for Beginners and long-term investors

Country of origin

USA

Country of origin

UK

Fees

Fees score
4.8
Fees score
4.0
Fees summary

Free stock and ETF trading, low non-trading fees

Fees summary

Low non-trading fees, but high trading fees.

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

Crypto fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
1.8
Deposit and withdrawal score
3.8
Number of base currencies

1

Number of base currencies

1

Deposit type

Withdrawal type

Account opening

Account opening score
4.8
Account opening score
4.0
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit
*

$0

*
Time to open account

1 day

Time to open account

1 day

Required documents

Social security number, other proof of residence

Required documents

May require proof of residency at a UK address for the last 3 years, for trading of US investments a special W-8BEN form for tax purposes

Trading platform

Web platform score
3.7
Web platform score
2.8
Mobile platform score
4.2
Mobile platform score
-
Desktop platform score
-
Desktop platform score
-

Markets and products

Markets and products score
2.6
Markets and products score
3.2
Stocks
*
*
Stocks
Fractional shares
*
*
Fractional shares
ETFs
*
*
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
*
*
Options
Options
Futures
Futures
Crypto
Crypto
CFDs
CFDs

Research, education

Research score
5.0
Research score
3.5
Charting quality

Great

Charting quality

Mid-range

Education score
5.0
Education score
3.5
Demo account
Demo account

Customer service

Customer service score
3.7
Customer service score
0.0
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Investor protection amount

£85,000

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

2015

Foundation date

1996

Country of regulation

USA

Country of regulation

UK

Alpaca Trading

For detailed information and hands-on experience, read our review of this broker.

Halifax

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

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.

Alpaca Trading's service is on par with Halifax's and a comparison of their fees shows that Alpaca Trading's fees are slightly lower than Halifax's.

Account opening takes somewhat less effort at Alpaca Trading compared to Halifax, deposit and withdrawal processes are more complicated at Alpaca Trading, while customer service quality is much better than Halifax's.

Our experts rated the trading platform of Alpaca Trading as much better than the platform of Halifax, found that clients have access to slightly less markets and products with Alpaca Trading, while Halifax provides less useful research and education.

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