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14 Mar 2024

Halifax Share Dealing investment platform review

We analyse Halifax Share Dealing's charges and ask customers to rate it for service, tools, value for money and more

Megan ThomasResearcher & writer

In this article

Is Halifax Share Dealing any good?
What do customers say about Halifax Share Dealing?
How much does Halifax Share Dealing cost?
What can you invest in with Halifax Share Dealing?
Is Halifax Share Dealing good for ethical investors?
Is your money safe with Halifax?

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.

To become a Which? Recommended Provider (WRP) for either stocks and shares Isas or general investment accounts, a platform needs to have a customer score of at least 70%, not be in the top 25% most expensive in one of our fees scenarios, and not score lower than three stars in any category.

On top of these criteria, we apply statistical tests that place the platforms into ‘bands’, and only the platforms in the highest band – the ones that really stand out against the rest – can be a WRP.

Which?'s rating for customer satisfaction is based on feedback from customers.

We ask investors to rate their current platform for its ease of use, overall customer service and customer communications, whether it represents value for money, if they are satisfied with it overall and whether they would recommend it to someone else.

In January 2024, we heard 4,136 reviews and gave customer scores to 17 do-it-yourself investment platforms. Each platform must have at least 30 responses, a minimum of three investments to choose from yourself, and not offer contract for difference (CFD) trading to receive a customer score.

‘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.’

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

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

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

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.