What is Halifax Share Dealing?
The investment arm of high street bank Halifax, Halifax Share Dealing can offer a relatively cheap service, especially if you have a medium-sized or large portfolio (starting around the £30,000 mark) and you deal infrequently.
But you will get a very basic service with few resources available to help you make decisions. It's one of the cheapest for share trading.
Is Halifax Share Dealing any good?
Which? members can exclusively read the the results of our unique customer satisfaction survey, which reveals how customers rate Halifax Share Dealing fund supermarket for seven different elements of its service.
- Fixed fee of £12.50 for a stocks and shares Isa, £90 to £180 for a self invested personal pension (Sipp)
- £12.50 to trade shares and investment trusts online
- £12.50 to trade unit trust and open-ended investment company funds online
Who is Halifax Share Dealing's good for?
Halifax Share Dealing offers a low-cost stocks and shares Isa, especially if you're a buy-and-hold investor and deal infrequently. It's also not bad for people who buy shares.
Who is Halifax Share Dealing's expensive for?
If you deal regularly in unit trust and open-ended investment company funds, the £12.50 commission will ramp up your costs. Most fund supermarkets offer free dealing in funds.
Read our comparison of investment platform charges to see how much investing with Halifax costs for a range of portfolios.
And if you're thinking of using Halifax to take an income from your pension in a drawdown plan, read our comparison of pension drawdown charges.
Halifax Share Dealing customer views
'It's no fuss - the terms were set out clearly, the site is fast and easy to navigate, and the emails are easy to follow when events such as rights issues occur.'
'No real connection between Halifax and the client.'
'It does what it says on the tin.'
'A no-nonsense, straightforward online service that responds well and provides all the levels of detail I demand.'
'I'm satisfied with Halifax, but I think it could do better.'
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