Educational material at Halifax

If you're new to the world of investing, Halifax can give you a decent foundation, as it offers some education materials.

Unfortunately, Halifax doesn't have a demo account, so there's no place where you can try out your newfound trading skills risk-free.

My key findings in a nutshell

My key findings in a nutshell

Nicole Conrad

Nicole is a former intern content contributor for BrokerChooser. She came with experience and certification in Accounting, and pursued graduate studies in Economic Policy. Nicole wrote broker reviews to provide transparency for customers: highlighting brokers’ exceptional services and holding them accountable for questionable practices.

Learn about our methodology

Nicole Conrad

I've thoroughly tested Halifax services with our analyst team by opening a real-money account and these are my most important findings:

• Halifax has decent education tools, but there's room for improvement
• No demo account at Halifax, so you can't test your trading skills before committing real money
• Before diving into real-money investing or trading, it is crucial to educate yourself or even gain experience through demo accounts to understand the intricacies of financial markets

Read on to find out exactly how Halifax can help you learn about investing in general, and about its trading platform in particular. But if you also want to check other brokers with low fees, easy-to-use platforms and great educational tools, browse our list of the best brokers for beginners.

Data updated on November 18, 2023

Here's a snapshot of some educational tools available at Halifax:

To find out more about how brokers can aid your independent stock research, read our overview of the most common brokerage research tools.

Are you new to investing but unfamiliar with the basic terms of the stock market and trading? Investing your money without some essential knowledge of what a stock is or how markets behave is often a recipe for losing your money right at the start. So what's the best place to get this knowledge? Thankfully, many brokers offer reliable and easy-to-understand education tools such as articles or videos.

We reviewed more than 100 online brokers to see whether they provide such articles or videos and if their quality is good enough. Are you scouting for your first broker account or unhappy with your current broker's educational tools? Here's what Halifax has to offer:

Arming yourself with knowledge about which stock to buy is one thing; finding that stock on a trading platform can be quite another. Online trading platforms can be fairly intimidating at first, and it's easy to get lost amid all the charts, tickers and buttons. Ideally, your broker has some handy tutorial videos or infographics about the most important functions of the platform, such as buy/sell orders, deposits/withdrawals or asset search. See below if Halifax offers such tutorials.

Even if you have picked up some knowledge about financial markets and scrolled through your broker's trading platform, you still may not feel comfortable enough to start trading with actual money. If you want to get a feel for trading (or simply don't want to be that guy in the news who accidentally bought 10,000 shares instead of 10), you can try out the trading platform's functions using virtual money, by using the broker's demo account. Unfortunately, this service is still not universal among stockbrokers, so check below if Halifax offers it.

Even if you're a bit more experienced when it comes to investing, there's always something new to learn about current market trends or stock trading in general. A great way to expand your knowledge is to sign up to webinars offered by your broker. Here, you can listen to (or even discuss) commentaries and lectures by your broker's experts. Doing webinars requires quite some effort, so it's a good sign that a broker takes its customers seriously. See below if webinars are available at Halifax.

Are you in the stock market for the long term? Check out our list of the top brokers for buy-and-hold investors.