Freetrade vs Halifax compared

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

Freetrade
Halifax
Freetrade
4.5
Halifax
4.3

Last update of dataDec 2021

Freetrade

Freetrade is a UK fintech startup offering a wide selection of commission-free stocks. Freetrade is regulated by the FCA.

Recommended for long-term investors on the hunt for low fees and focusing on the UK and US markets.

Halifax

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

Recommended for beginners and long-term investors.

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

Account opening takes somewhat less effort at Freetrade compared to Halifax, deposit and withdrawal processes are about the same quality at Freetrade, while customer service quality is much better than Halifax's.

Our experts rated the trading platform of Freetrade as much better than the platform of Halifax, found that clients have access to slightly less markets and products with Freetrade, while Halifax provides excellent 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
4.5

Recommended for Long-term investors on the hunt for low fees and focusing on the UK and US markets

Best broker for beginners

Overall Score
4.3

Recommended for Beginners and long-term investors

Country of origin

UK

Country of origin

UK

Fees

Fees score
4.7
Fees score
4.5
Fees summary

Low trading and non-trading fees, low stock and ETF 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

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
5.0
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
*

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
-
Web platform score
2.8
Mobile platform score
4.7
Mobile platform score
-
Desktop platform score
-
Desktop platform score
-

Markets and products

Markets and products score
2.0
Markets and products score
2.9
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
0.0
Research score
3.5
Charting quality

Poor

Charting quality

Mid-range

Education score
3.0
Education score
3.5
Demo account
Demo account

Customer service

Customer service score
3.8
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

2016

Foundation date

1996

Country of regulation

UK

Country of regulation

UK

Freetrade

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.

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