Broker profile

Halifax Share Dealing

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.

Markets available
Online tradingBelgium, France, Germany, Italy, Netherlands, UK, USA
Telephone tradingAs above
Dealing commissions and charges
Typical online£9.50
Online details£9.50
Typical telephone£25
Telephone details£25
Other fees and charges
Account fees and inactivity feesCustomer 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 stocksNone
Dividend chargesNone
Corporate action chargesNone
Currency conversion charges1.25%
Hold cash in foreign currenciesNo
Currencies allowedGBP
Other details
Tax-advantaged accountsISA, SIPP
Other products and servicesBonds, funds
Minimum account sizeNone
Company locationUK
Further information

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