The Halifax Share Dealing account lets you invest in a handful of overseas markets in addition to the usual range of UK stocks, bonds and funds. The international service is a bit too limited to appeal to investors who want to invest globally, but could be a useful solution for those who want to add some major US and European shares to their portfolio.
Halifax also offers the iWeb brand with different fees – including a significantly cheaper trading fee of £5 per transaction rather than £9.50 – but exactly the same service. iWeb charges an account-opening fee, unlike Halifax, but will probably still work out cheaper in most cases.
However, dealing and account fees aren’t your only cost – like most stockbrokers that will only let you settle and hold cash in sterling, you will also pay a currency commission on the exchange rate used to calculate the sterling price each time you trade. Halifax charges a 1.25% margin, which is less than some rivals, but other options such as AJ Bell Youinvest, Hargreaves Lansdown, Interactive Brokers and Saxo Markets have lower FX costs.
|Belgium, France, Germany, Italy, Netherlands, UK, USA
|Account fees and inactivity fees
|Customer administration fee: £36 per year (covers dealing accounts and Isas);
SIPP: £22.5 per quarter for accounts under £50,000, £45 per quarter for accounts over £50,000
|Custody charges for stocks
|Corporate action charges
|Currency conversion charges
|Hold cash in foreign currencies
Compare Halifax Share Dealing with another broker