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Halifax Share Dealing Review

as of 06/03/2020 at 10:25 am

Holly's View

This site is for the confident investor who knows what they are doing, and who is looking for a low-cost, no-frills service. Price is the USP and for any less confident investors there is very little help, content, guidance or substance to offer a more rounded experience.

Our Rating

Recommended For

Confident Investor

In a nutshell

Cheap option, particularly for larger portfolios

Lack of guidance and help

Website is functional but outdated

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Your overall rating

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What to Expect

Investment Choice

Products

Stocks and Shares ISA

Investment Account

Pension

Investments available

Funds from other groups

Stocks and shares

Investment help

Robo advice / ready-made portfolios

Includes a shortlist of investments

Pick your own funds

Pick your own shares

The 'Geeky' Details

Provider details

Halifax charge a set £12.50 yearly admin fee for their Stocks & Shares ISA, making it a cheaper alternative for both medium and larger portfolios than pretty much anyone else. Annual costs of a pension of more than £50,000 are £180 plus transaction fees. The website lacks sophistication and user-friendliness, feeling quite old-school and stuffy.
They do offer 3 ready-made funds, varying in risk – however these funds are very new and lack any meaningful track record. There is also a shortlist of 86 funds available, produced by global research house Morningstar. The site also supports trading UK, US and European equities.
Trading fees are £12.50 per trade, falling to £2 a trade if you set up a regular trading plan.

Important Facts & Figures

Provider Size:

A sizeable platform, administering roughly £13bn.

Minimum amounts:
£0 minimum investment

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