Online brokers compared for fees, trading platforms, safety and more. See how Halifax stacks up against Interactive Brokers!
Last update of data—Jul 2022
UK stockbroker, part of Halifax (Bank of Scotland), owned by Lloyds Banking Group
Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
Recommended for beginners and long-term investors.
Recommended for traders looking for broad market access and a professional trading environment.
Halifax
UK stockbroker, part of Halifax (Bank of Scotland), owned by Lloyds Banking Group
Recommended for beginners and long-term investors.
Interactive Brokers
Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
Recommended for traders looking for broad market access and a professional trading environment.
Halifax's service is slightly weaker than Interactive Brokers's and a comparison of their fees shows that Halifax's fees are similar to Interactive Brokers's.
Account opening takes somewhat less effort at Halifax compared to Interactive Brokers, deposit and withdrawal processes are somewhat easier at Halifax, while customer service quality is considerably lower than Interactive Brokers's.
Our experts rated the trading platform of Halifax as much less user-friendly than the platform of Interactive Brokers, found that clients have access to less markets and products with Halifax, while Interactive Brokers provides somewhat better research and education.
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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