I visited Halifax’s offices in Leeds many years ago. At the time they wanted us to create some videos on how to invest in bonds. But since then, I haven’t really heard about them. Halifax doesn’t advertise share dealing, I think they must be more focussed on mortgages. This is odd, because they are one of the biggest share dealing platforms in the UK. But are they still any good? I opened an account to find out…
- Related Guide: Best Share Dealing Accounts Compared & Reviewed
Halifax Share Dealing Review
Name: Halifax Share Dealing
Description: Halifax Share Dealing is an established (but dated) platform that lets you invest in UK and international shares, bonds and funds in a range of accounts including GIA, ISA and SIPPs.
Is Halifax Share Dealing any good?
I would say that Halifax is a good share-dealing platform if you are already a customer of Halifax Bank, but I wouldn’t recommend it as a stand-alone platform. Purely from an aesthetics point of view it is very dated, plus there is no app, plus the exchange rate fee of 1.25% for buying international shares is quite high (even though the usual £9.50 dealing commission is waived). If Halifax want to attract new, younger customers they need a serious upgrade.
Pros
- Dividend diary
- Good transfer offer
- Part of Lloyds Banking Group
Cons
- No App
- Dated platform
- High FX for US stocks
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Pricing
(4)
-
Market Access
(4)
-
Online Platform
(2)
-
Customer Service
(3)
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Research & Analysis
(3.5)
Overall
3.3
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
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