Barclays vs Halifax compared

Online brokers compared for fees, trading platforms, safety and more. See how Barclays stacks up against Halifax!

Barclays
Halifax

Last update of dataJan 2023

Barclays

Barclays is a UK-based bank. Barclays Smart Investor is the brokerage service provided by Barclays and regulated by the top-tier FCA.

Recommended for long-term investors looking for a broker with low fees and solid background.

Halifax

UK stockbroker, part of Halifax (Bank of Scotland), owned by Lloyds Banking Group

Recommended for beginners and long-term investors.

Barclays's service is on par with Halifax's and a comparison of their fees shows that Barclays's fees are similar to Halifax's.

Account opening takes somewhat more effort at Barclays compared to Halifax, deposit and withdrawal processes are about the same quality at Barclays, while customer service quality is similar to Halifax's.

Our experts rated the trading platform of Barclays as being of the same quality as the platform of Halifax, found that clients have access to about the same number of markets and products with Barclays, while Halifax provides somewhat lower-quality research and education.

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

Basic data of broker

Overall Score
4.3

Recommended for Long-term investors looking for a broker with low fees and solid background

Overall Score
4.4

Recommended for Beginners and long-term investors

Country of origin

UK

Country of origin

UK

Fees

Fees score
3.6
Fees score
4.0
Fees summary

Low trading and 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
4.0
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
3.5
Account opening score
4.0
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit
*

$0

*
Time to open account

>3 days

Time to open account

1 day

Required documents

Proof of identity: passport / driver's license Proof of residency: bank statement / utility bill

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
3.5
Web platform score
2.8
Mobile platform score
-
Mobile platform score
-
Desktop platform score
-
Desktop platform score
-

Markets and products

Markets and products score
3.2
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
4.0
Research score
3.5
Charting quality

Poor

Charting quality

Mid-range

Education score
1.5
Education score
3.5
Demo account
Demo account

Customer service

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

Security

Investor protection amount

£85,000

Investor protection amount

£85,000

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

1992

Foundation date

1996

Country of regulation

UK

Country of regulation

UK

Barclays

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.

Brokers displayed might not be available in United States.

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