What is Halifax Share Dealing?
Halifax dates back to 1852, when a small group gathered in the Old Cock Inn, in Halifax, to set up an investment and loan society.
Today, Halifax is a well-known high street banking name which offers a variety of financial products and services.
Halifax Share Dealing is the investment arm of the bank, was launched in 1996.
- Find out more: read our guide to the best and worst investment platforms
Is Halifax Share Dealing good or bad?
To get an idea of how good or bad Halifax Share Dealing is, we asked its customers.
Which?'s rating for customer satisfaction is based on feedback from real customers. We ask investors to rate their current platform for the quality of its online tools, customer service, and investment information. We also ask if it meets their needs, is value for money and whether they'd recommend it to someone else.
However, to be named a Which? Recommended Provider (WRP), customer satisfaction alone won't suffice; we also consider platform fees.
What do customers say about Halifax Share Dealing?
- 'Generally helpful to someone inexperienced like me.'
- 'Cheap and cheerful. No fancy bits. Sufficient for my needs. Cheaper than my other holdings.'
- 'Great to be able to transfer funds instantly from Halifax current account to the share account for trading.'
Check out our guide on the best and worst investment platforms to see how Halifax Share Dealing compared with AJ Bell, Hargreaves Lansdown and other investment platforms.
What are Halifax Share Dealing's charges?
- No charge for the Share Dealing Account
- Fixed annual fee of £12.50 for the Stocks and Shares Isa
- Self-investment personal pension offering incurs a quarterly fee of £22.50 for pots up to £50,000, and £45 for pots greater than this.
- £12.50 to buy or sell shares, funds and investment trusts
- £2 per trade for regular trades
- No charge to transfer in and out of the Isa
We’ve estimated the cost of investing various sums in using a Halifax Share Dealing Account over the course of a year in the table below. The costs assume you only buy funds (shares work out slightly cheaper with some companies), and make four purchases and four sales each year.
Read our comparison of investment platform charges to see how much investing with Halifax Share Dealing costs compared with other platforms.
Who is Halifax Share Dealing good for?
Halifax Share Dealing is good for those with medium to large portfolios – above £100,000 it becomes the cheapest platform in our comparison.
Given Halifax Share Dealing's considerable trading costs, this platforms suits investors who rarely change their portfolios.
Who is Halifax Share Dealing expensive for?
If you deal regularly in unit trust and open-ended investment company funds, the £12.50 commission will ramp up your costs. Many other investment platforms offer free dealing in funds.
What accounts and services does Halifax Share Dealing offer?
The information below gives an at-glance view of the key things that the accounts and services Halifax Share Dealing offers.
Elements marked with a ✓ are offered by Halifax Share Dealing and those marked with a ✘ are not.
✓ General investment account
A general investment account that can hold different types of investments but doesn’t give tax-free benefits like pensions and Isas.
✓ Stocks and shares Isa
A stocks and shares Isa is a tax-free account that allows you to put your money in a range of investments.
A Sipp is a pension where you have complete control over the investments you put your savings into.
✓ Advisory services*
*offered in partnership with Schroders Personal Wealth. Advisory services allow you to access professional investment advice.
✓ Banking services*
*you must hold a Halifax current account. Banking services allow you to operate bank accounts, make transfers and make payments.
✓ Savings account*
*you must hold a Halifax savings account. A savings account is somewhere you can put your money so it can grow in value.
✓ Income drawdown
Income drawdown allows you to take money out of your pension to live on in retirement.
✘ Junior Isa
A junior Isa is a tax-free savings account for under 18s.
✘ Lifetime Isa
A lifetime Isa is a tax-free savings or investment account designed to help people aged 18-39 buy their first home or save for retirement.
An annuity is an insurance product which allows you to swap your pension savings for a guaranteed regular income that will last for the rest of your life.
- Find out more: how investment platforms work
Is your money safe with Halifax?
If Halifax went out of business, you would be compensated by the Financial Services Compensation Scheme (FSCS).
The FSCS will cover up to £85,000 of investments per person, per platform. You can claim for free online: there’s no reason to use a claims management company.
You won’t be compensated for investments falling in value, or a company in which you hold shares goes bust, unless this poor performance resulted from bad advice given by a regulated Independent Financial Advisor that has since gone bust.
- Find out more: how the FSCS works
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