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Halifax Share Dealing investment platform review
Is Halifax Share Dealing any good?
Members can log in to see our review of Halifax Share Dealing. If you're not already a member, join Which? to get full access to these results and all our reviews.
What do customers say about Halifax Share Dealing?
- ‘They are very helpful and were easy to contact if I had any questions or needed help. The app itself is very easy to use.’
- ‘Navigation through the site is so smooth. I get to see how my investments are doing in real time, and I'm free to liquidate my investments at will.’
Visit Halifax Share Dealing to find out more about its accounts, services and investment options.
How much does Halifax Share Dealing cost?
There's no difference in fees whether you're investing in a Halifax Share Dealing stocks and shares Isa or general investment account.
Annual platform charge:
- £36, this fee is waived for 18-25 year olds
Trading charge:
- £9.50 per trade of funds and UK stocks
Foreign exchange charge:
This applies to each trade of investments denominated in another currency, for example US stocks, on top of fund and trading charges.
- 1.25%
How much would I pay to invest with Halifax Share Dealing?
We've estimated the cost of investing over the course of a year in a Halifax Share Dealing stocks and shares Isa, assuming that you make four purchases and four sales each year.
£5,000 | |
£10,000 | |
£25,000 | |
£50,000 | |
£100,000 | |
£250,000 | |
£500,000 |
If you're thinking of using Halifax Share Dealing to take an income from your pension in a drawdown plan, read our comparison of pension drawdown charges.
- Find out more: Compare investment platform fees and charges
What can you invest in with Halifax Share Dealing?
Halifax Share Dealing accounts and services
- General investment account
- Stocks and shares Isa (not flexible)
- Self-invested personal pension (Sipp)
- Ready-made portfolio
- Income drawdown
- Savings account
Investments on Halifax Share Dealing
- 2,768 funds (OEICs, multi-asset funds)
- 295 investment trusts
- 656 exchange-traded funds
- 4,885 stocks
- 158 bonds
Correct as of January 2024
Is Halifax Share Dealing good for ethical investors?
Users of Halifax Share Dealing will be able to see a detailed breakdown of a fund's ESG (environmental, social, governance) characteristics, including exposure to fossil fuels and a score on social impact.
It also includes the fund’s top 10 holdings and allows you to search funds by their MSCI (a fund research company) ESG rating.
- Find out more: Ethical investing explained
Is your money safe with Halifax?
Halifax Share Dealing is regulated by the Financial Conduct Authority (FCA) and covered by the Financial Services Compensation Scheme (FSCS).
When you invest with an investment platform registered with the FCA, your money will be ring-fenced and should be returned if a company goes bust without you having to wait alongside other creditors.
If ring-fencing failed, you would be compensated by the FSCS.
The FSCS will cover up to £85,000 of investments per person per platform. You can claim for free online at www.fscs.org.uk; there's no reason to use a claims-management company.
You won't be compensated for investments falling in value or if a company in which you hold shares goes bust unless this poor performance resulted from bad advice from a regulated independent financial adviser that has since gone bust.
- Find out more: How the FSCS works