Hargreaves Lansdown Review

Is this broker worth the extra money?

Pros

Cons

Contents

Introduction

Hargreaves Lansdown (HL) is one of the oldest brokers in the United Kingdom and was founded in 1981. It is also one of the biggest with 1.300.000 clients with £96 billion of savings and investments. They offer a great range of products and accounts. They are a fund supermarket, a fund manager, a discount broker, a stockbroker, a pensions specialist, an annuity specialist, a wealth manager and a financial adviser.

Their aim is to simplify your financial life by making it easy and straightforward to manage your savings, investments and pensions under one roof. They offer a wide range of investment products and are know for their expensiveness. find out in this review whether you get value for money!

Target audience

As mentioned in the introduction, Hargreaves Lansdown enables you to manage your savings, investments and pensions in one place. The business model of HL is that they “offer a lifelong, secure home for people's savings and investments that offers great value, an excellent service and makes their financial life easy”. Since HL is more expensive than other brokers, HL is especially suitable for investors who are willing to pay a little extra for better services and platforms.

Is Hargreaves Lansdown reliable?

Hargreaves Lansdown is authorised and regulated by the Financial Conduct Authority and is a member firm of the London Stock Exchange (LSE) (FCA Register number 115248). Your money is save with this well regulated broker with a solid background.

Customer experiences on Trustpilot
3.4/5
The Trustpilot rating of HL is 3.4/5 which is fine. Most complaints are about the pricing structure. Customers hare happy about the good service and usability of the trading platform.

Trading instruments

HL offers a wide range of investment choice including over 3,000 funds, UK, US, Canadian and European shares, ETFs, investment trusts, bonds and gilts. Especially the number of fund providers is impressive.

Stocks

0
Markets

Funds

0
#

Bonds

0
#

ETFs

0
#

Trading platform

The trading platform of HL is easy-to-use and offers excellent research opportunities. There are guides, calculators and research available to help you choose investments and plan for the future and save tax.

Different accounts

They offer five accounts for adults, and three junior accounts. Here we only describe the adult accounts. Click here to find out more about the junior accounts.

Stocks and shares ISA

A simple way to invest up to £20,000 free from UK tax.

Min. deposit: £100

Max. contribution: £20,000

Fund and share account

A low-cost, flexible dealing account that makes anytime trading quick and easy.

Min. deposit: £1

Max. contribution: unlimited

Self invested personal pension

A flexible pension that gives you the control to choose your own investments.

Min. deposit: £100

Max. contribution: earnings

Lifetime ISA

Save and invest for your first home or later life, with up to £1,000 per year in extra help from the government.

Min. deposit: £100

Max. contribution: £4,000 per year

Active savings

Pick and mix easy access and fixed term savings from a range of banks and building societies, all through the convenience of one online account.

Min. deposit: £1

Max. contribution: unlimited

Fees and commissions

The fees are higher than with other stock brokers as you can see in the comparison table below. The fee for trading shares depends on the number of trades in the previous month. If you traded less than 9 times in that month, you pay £11.95 commission. If you traded more than 20 times, you pay £5.95. You don't pay an annual fee for trading shares, but you do pay 0.45% per year on your fund values.

Below, common transactions with associated transaction costs from different brokers are compared. The amount of service fee or custody fee of different brokers is also compared. Check out the comparison page for a complete fee comparison of all brokers.

Shares £1.000

Shares £10.000

Service fee £10.000

£11.95

£11.95

£0

£2.95

£2.95

£0

£1.89

£3.15

£0

£7.99

£7.99

€9.99 PM

£9

£19

£12 PM

In short

Hargreaves Lansdown is more expensive than other brokers. However they help you keeping a good eye on your taxes, and offer good research for investment products. If you solely want to invest in shares and funds, you are better off with DEGIRO of FinecoBank. However if you look for excellent service, good education and extensive accounts, HL might be the right broker for you.

£ 0
per year*

# Active investors

1,300,000

Money guaranteed

£85,000

Reliability

5/5

Securities lending

No

Mobile app

Minimum deposit

£100

Fees

3/5

Shares

£5.95 – £11.95

Options

Leveraged products

Futures

Funds or trusts

0.45% per year

ETFs

£5.95 – £11.95

Telephone order

1% min. £20

Service fee

€0

Forex

CFDs

Cryptocurrencies

Customer service

4.5/5

Education

4.5/5

Usability

5/5

Trading platform

4/5

Bank transfer

Credit card

PayPal

Compare Hargreaves Lansdown with other share dealing brokers

£ 0
per year*

# Active investors

400,000

Money guaranteed

£20,000

Reliability

4/5

Securities lending

Yes

Mobile app

Demo account

Minimum deposit

£1

Fees

5/5

Shares

£1.75 + 0.014%

Options

€0,75

Leveraged products

£1.75 + 0.014%

Futures

€0.75

Funds or trusts

€0-€7,50+0,10%

ETFs

€2 + 0.03%

Telephone order

£8.50

Service fee

€0

Forex

CFDs

Cryptocurrencies

Customer service

4/5

Education

3/5

Usability

5/5

Trading platform

4/5

Bank transfer

Credit card

PayPal

£ 0
per year*

# Active investors

300,000

Money guaranteed

£85,000

Reliability

5/5

Securities lending

No

Mobile app

Minimum deposit

£1

Fees

4/5

Shares

£7.99

Options

Leveraged products

Futures

Funds or trusts

£7.99

ETFs

£7.99

Telephone order

£49

Service fee

£9.99 PM

Forex

CFDs

Cryptocurrencies

Customer service

5/5

Education

2/5

Usability

5/5

Trading platform

4/5

Bank transfer

Credit card

PayPal

£ 0
per year*

# Active investors

1,300,000

Money guaranteed

£85,000

Reliability

5/5

Securities lending

No

Mobile app

Minimum deposit

£100

Fees

3/5

Shares

£5.95 – £11.95

Options

Leveraged products

Futures

Funds or trusts

0.45% per year

ETFs

£5.95 – £11.95

Telephone order

1% min. £20

Service fee

€0

Forex

CFDs

Cryptocurrencies

Customer service

4.5/5

Education

4.5/5

Usability

5/5

Trading platform

4/5

Bank transfer

Credit card

PayPal

£ 0
per year*

# Active investors

100,000

Money guaranteed

€100.000

Reliability

5/5

Securities lending

No

Mobile app

Minimum deposit

£600

Fees

4/5

Shares

0.10% min. £8

Options

$0.85

Leveraged products

Futures

£3

Funds or trusts

0.10% min. £8

ETFs

0.10% min. £8

Telephone order

£50

Service fee

0.12% min. £12 PM

Forex

CFDs

Cryptocurrencies

Customer service

3/5

Education

4/5

Usability

4/5

Trading platform

5/5

Bank transfer

Credit card

PayPal

* Estimated annual costs with £10,000 one-time investment, £100 monthly investment and an average investment profile. Investing involves risks of losses.