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Hargreaves Lansdown Review 2019

4.5 5 stars · May 2019
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Hargreaves Lansdown logo

Hargreaves Lansdown was founded in 1981 and one of the biggest UK-based stockbrokers. It is regulated by the top-tier Financial Conduct Authority (FCA). In addition, it is constituent of FTSE 100, a stock index of the biggest listed companies in the UK.

Hargreaves Lansdown is considered safe because it has a long track record, is regulated by a top-tier regulator, and is listed on a stock exchange.

Recommended for beginners and buy and hold investors looking for great customer service and easy to use trading platforms.

Pros
  • Great customer service
  • Easy to use trading platforms
  • High-quality educational tools
Cons
  • High fees for stocks, ETFs, and CFDs
  • Offline account opening for clients outside the UK
  • Only GBP base currency

Hargreaves Lansdown pros and cons

Hargreaves Lansdown's customer service gives fast and relevant answers. The web and mobile trading platforms are well-designed and user-friendly. The educational tools are well-structured and high-quality.

The trading fees are high for stocks, ETFs, and CFDs. The account opening for clients outside the UK is not fully digital. Lastly, you can open accounts only in GBP.

Compare to other brokers

Hargreaves Lansdown review
Fees 2 stars

Hargreaves Lansdown has high trading fees for stocks, ETFs, and CFDs. As a plus, the fund, forex, and bond fees are low and there is no inactivity fee.
Pros
  • No inactivity fee
  • Low fees for funds, forex, and bonds
Cons
  • High stock, ETF, and CFD fees
Hargreaves Lansdown fees snapshot
Assets Fee level Fee terms
US stock High 0-9 trades: £11.95 per trade; 10-19 trades: £8.95 per trade, 20+ trades: £5.95 per trade
EURUSD Low Forex is provided by IG. The fees are built into spread, 1.5 pips is the spread cost
US tech fund - Not available
Inactivity fee Low No inactivity fee

We ranked Hargreaves Lansdown's fee levels as low, average or high based on how they compare to those of all reviewed brokers.

To get things rolling, let's go over some lingo relating to broker fees. What you need to keep an eye on are trading fees, financing rates, and non-trading fees.

We also compared Hargreaves Lansdown's fees with those of two similar brokers we selected, DEGIRO and Saxo Bank. This selection is based on factors like products offered, client profile, fee structure, etc.

Let's start with the trading fees.

Trading fees

Hargreaves Lansdown has high trading fees for stock, ETF, and CFDs. The fees for funds, forex, and bond are low.

The fee structure is volume-based at stock, ETF, fund, and bonds. If you trade frequently and/or with a higher amount, you will pay less commission.

The fees are the same for account types, except Junior accounts. For example, the stock fees at Junior accounts are roughly half of those at other account types. In this review, we calculated with the fees of the basic investment account, called Fund and Share Account.

The forex, CFD, and crypto trading are provided by IG. That's why HL's forex, CFD, and crypto fees are the same than IG's.

Stock fees and ETF fees

Hargreaves Lansdown has generally high stock trading fees. The fees are much higher than competitors.

Stock fees of a $2,000 trade
  Hargreaves Lansdown DEGIRO Saxo Bank
USA $17.3 $0.6 $9.9
UK $17.3 $5.4 $7.2
Germany $17.3 $5.7 $11.4

The fees for stocks are volume-based. The more you trade in the previous month, the lower commission you pay.

Hargreaves Lansdown stock fees
Trades in the previous month 0-9 trades 10-19 trades 20+ trades
Commission £11.95 £8.95 £5.95

Forex fees

Hargreaves Lansdown forex fees are generally low. The forex fees are much lower than at Saxo. DEGIRO doesn't offer forex.

Forex fees of a $20,000 30:1 position open, 1-week-hold, and close
  Hargreaves Lansdown DEGIRO Saxo Bank
EURUSD benchmark fee $13.6 - $58.4
EURGBP benchmark fee $15.5 - $27.2

All forex trading fees are built into the spread. Hargreaves Lansdown would not be competitive on spreads only, but when you add financing rate and commissions, it gets low.

Fund fees

Hargreaves Lansdown has generally low fund fees. It is lower even than DEGIRO's fund fees. Saxo Bank doesn't offer mutual funds.

Fees for a $2,000 fund purchase and holding that for 1 week
  Hargreaves Lansdown DEGIRO Saxo Bank
Europe stock fund buy $0.2 $10.6 -

Hargreaves Lansdown charges only an annual fee and doesn't charge a commission for opening and closing the mutual fund positions. The fees for mutual funds are volume-based. The higher value you trade, the lower annual fee you pay.

Hargreaves Lansdown annual fund fees
Trade value in the previous month £0 - £250k £250k - £1m £1m - £2m £2m+
Commission 0.45% of the trade value 0.25% of the trade value 0.10% of the trade value Free

Bond fees

Hargreaves Lansdown has generally low bond fees. It is definitely lower than Saxo Bank, and almost the same as at DEGIRO.

Fees of a $10,000 bond trade
  Hargreaves Lansdown DEGIRO Saxo Bank
Europe $17.3 $11.5 $91.2

The fees are different for online and phone trades. We calculated with the fees for online trading. These fees are the same as stock fees.

However, roughly half of the bonds can be traded only over the phone which has a quite high fee: 1% of the trade value with £20 minimum and £50 maximum.

CFD fees

Hargreaves Lansdown has generally high CFD trading fees.

CFD fees, commission of a $2,000 trade
  Hargreaves Lansdown DEGIRO Saxo Bank
USA $15.0 $0.7 $10.0
UK $14.5 $5.7 $11.6
Germany $11.4 $5.7 $11.4

When you trade with share CFDs, Hargreaves Lansdown will charge a trading commission.

Share CFDs Commission per trade Minimum fee
USA & Canada    
USA $0.02 per share $15
Canada CAD 0.03 per share CAD 25
Europe / Middle East / Africa    
UK 0.10% £10
Austria, Belgium, Finland, France, Germany, Italy, Ireland, Netherlands, Portugal, Spain 0.10% €10
Denmark 0.10% DKK 100
Norway 0.10% NOK 100
Sweden 0.10% SEK 99
Switzerland 0.10% CHF 10
Greece 0.48% €25
South Africa 0.20% ZAR 100
Asia / Pacific    
Australia 0.10% AUD 8
Singapore 0.10% SGD 15
Japan 0.20% JPY 1,500
Hong Kong 0.25% HKD 100

Crypto fees

All crypto trading fees are built into the spread. No trading commission is charged.

Hargreaves Lansdown crypto fees
Cryptocurrency Spread
Bitcoin 50
Bitcoin cash 3.5
EOS 0.035
Ethereum 2
Litecoin 0.5
NEO 0.1
Ripple 0.005
Stellar 0.001

Portfolio+

Portfolio+ covers portfolios which are managed by Hargreaves Lansdown's fund managers. The fees for Portfolio+ comprise of two fees:

The annual management fee varies over time depending on the portfolios' performance. At the time of the review, the management fees ranged between 1.3% to 1.5%.

Financing rates

Hargreaves Lansdown financing rates are generally low. 

Financing rates are charged when you hold your leveraged positions for more than a day. It can be a significant proportion of your trading costs. Leveraged positions are available only for forex, CFD, and crypto trading. It is not available for stock, ETF, bond, and fund trading.

Hargreaves Lansdown annual financing rates
  Hargreaves Lansdown DEGIRO Saxo Bank
Apple financing rate 5.8% 4.3% 7.1%
Vodafone financing rate 4.0% 2.5% 5.3%
EURUSD financing rate 2.9% - 15.5%
EURGBP financing rate 2.9% - 6.7%

Non-trading fees

Hargreaves Lansdown has low non-trading fees. It doesn't charge inactivity fee and withdrawal fee. It doesn't charge account fee for Fund & Share account, however, it charges an account fee at SIPP and ISA accounts.

The non-trading fees are the same as DEGIRO and better than Saxo.

Hargreaves Lansdown non-trading fees
  Hargreaves Lansdown DEGIRO Saxo Bank
Account fee No No No
Inactivity fee No No Yes
Withdrawal fee $0 $0 $0

The annual account fees at SIPP and ISA accounts are 0.45% of the trade value. There is an annual fee cap which means the yearly fees can't be more than that amount. The annual fee cap is £200 for SIPP account and £45 for ISA account. 

If you trade with stocks denominated in currencies other than GBP, you have to calculate with the currency conversion fee. The currency conversion fee is charged as a percentage of the trade value and the fee is lower if you trade with a higher value.  

Hargreaves Lansdown currency conversion fees
Trade value Currency conversion charges
First £5,000 1% of the trade value
Next £5,000 0.75% of the trade value
Next £10,000 0.50% of the trade value
Over £20,000 0.25% of the trade value

Hargreaves Lansdown review
Account opening 4 stars

Hargreaves Lansdown's account opening process is quick and easy as long as you're in the UK and they manage to electronically verify the details you entered. If this fails or you live outside the UK, you have to send the photocopied documents by post.
Pros
  • Fast account opening
  • Fully digital account opening
  • User-friendly
Cons
  • Offline account opening for non-UK clients

Can you open an account?

Residents in the UK and European Economic Area can open an account at Hargreaves Lansdown.

What is the minimum deposit at Hargreaves Lansdown?

The required minimum deposit is £1 at Hargreaves Lansdown.

After you opened and deposited your account, you need to have a minimum balance of £50. If you hold less amount on the account, that will be closed. Closing the account costs £25 + VAT.

If you want to use Portfolio+ service or invest in VCTs, the minimum account balance is much higher, more thousands of pounds.

Account types

Hargreaves Lansdown offers a lot of accounts:

Hargreaves Lansdown account types
Account type Short description
Fund & Share Account Basic investment account.
Stocks and Shares ISA ISA account to invest tax-free up to the yearly limit
Lifetime ISA Similar to a regular ISA but the government adds contributions as well and the limits are different
Self Invested Personal Pension Tax efficient pension investment account
Active Savings Account for cash savings
Junior Investment Account Basic investment account managed on behalf of a child
Junior Stocks and Shares ISA ISA account to invest tax-free up on behalf of a child
Junior Self Invested Personal Pension Tax efficient pension investment account on behalf of a child
CFD and spread betting account Account provided by IG for forex, CFD, and crypto trading 

In this review, we tested the Fund & Share Account which is also the one that is available to EEA residents not just for people in the UK.

How to open your account

For UK residents, the account opening process is fairly painless and straightforward. The whole thing takes about 10 minutes. They only require the most basic information and that you top up your account with a minimum of £1 during the process. If they manage to electronically verify your details you won't even need to provide proof of ID or proof of address.

Things start to get complicated if their electronic verification fails. Or if you're not a UK resident.

Why would your verification fail? This can happen for a number of reasons, for example, can be if you have recently moved - or recently moved to the UK for that matter. For a definite answer, you will need to contact Hargreaves Lansdown.

If your verification fails or you're an EEA resident, then you will need to fill in their physical application form and post documents verifying your identity as well your address. All in all, you would need to send the following:

  • filled in application form
  • a copy of your: passport / driving license / firearms certificate or shotgun license/ recent evidence of entitlement to a state or local authority-funded benefit, tax credit, pension, educational or other grants
  • a copy of your: current council tax demand letter or statement (issued within the last three months) / current bank statement (postal issued, issued within the last three months) / utility bill (postal issued, issued within the last three months)
  • FOR UK ONLY: a cheque with the initial amount you wish to deposit in your account / direct debit instructions

 

Hargreaves Lansdown review - Account opening

Hargreaves Lansdown review
Deposit and withdrawal 4 stars

Depositing and withdrawing money is easy and free with a debit card or fast bank transfers at Hargreaves Lansdown. Unfortunately, accounts are available only in GBP.
Pros
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
Cons
  • Only one account base currency

Account base currencies

At Hargreaves Lansdown, you can choose from one base currency, GBP. This offer lags behind the competitors.

Base currencies at Hargreaves Lansdown vs similar brokers
  Hargreaves Lansdown DEGIRO Saxo Bank
Number of base currencies 1 9 32

Why does this matter? Two things. First, if you fund your account in the same currency as your bank account, you won't be charged a currency conversion fee. Second, if you trade assets in the same currency as your account base currency, you will not have to pay a conversion fee.

A convenient way to save on the currency conversion fees can be to open a multi-currency bank account. Revolut or Transferwise both offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers. The account opening only takes a few minutes on your phone.

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Deposit fees and options

Hargreaves Lansdown charges no deposit fees and you can transfer money either via bank transfer or card/debit cards.

Hargreaves Lansdown deposit options
  Hargreaves Lansdown DEGIRO Saxo Bank
Bank transfer Yes Yes Yes
Credit/Debit card Yes No Yes
Electronic wallets No Yes No

If you top-up with a debit card, the amount will be instantly visible in your account. The money transferred by bank transfer can take up to two business days.

You can only deposit money from a bank account that is in your name, and it has to be the one that is specified in your account settings with Hargreaves Lansdown.

Hargreaves Lansdown review - Deposit and withdrawal - Deposit

Withdrawal fees and options

Hargreaves Lansdown charges no withdrawal fees. 

Hargreaves Lansdown withdrawal fees and options
  Hargreaves Lansdown DEGIRO Saxo Bank
Bank Transfer Yes Yes Yes
Credit/Debit card Yes No No
Electronic wallets No No No
Withdrawal fee $0 $0 $0

How long does it take to withdraw money from Hargreaves Lansdown? We tested the debit card withdrawal and it took 2 business days.

You can only withdraw money to the account that is specified in your account settings with Hargreaves Lansdown. Alternatively, if you used a bank card to top up your account, you can withdraw money to the same card as a refund.

The account must have a minimum balance of £50. This means that you cannot withdraw all money from the account unless the account will be closed. Closing the account costs £25 + VAT.

How do you withdraw money from Hargreaves Lansdown? You can withdraw money from Hargreaves Lansdown by following these steps:

  • Once logged in, hover over the "My Account" button on the top right
  • Select your "Fund&Share Account" from the options
  • In the upcoming page, choose "CASH"
  • On the right side of the page, select "Withdraw money"
  • Enter the amount you wish to withdraw and follow the instructions on the screen

Compare to other brokers

Hargreaves Lansdown review
Web trading platform 4 stars

Hargreaves Lansdown's web platform is great. It is user-friendly and easy to use. However, it lacks a two-step login and customizability.
Pros
  • User-friendly
  • Clear fee report
  • Good search function
Cons
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
Hargreaves Lansdown platforms to choose from
Trading platform Score Available
Web 4 / 5 stars Yes
Mobile 4 / 5 stars Yes
Desktop - No

You can use two trading platforms with Hargreaves Lansdown:

  • Hargreaves Lansdown's own platform for all accounts except the CFD and spread betting account
  • IG's trading platform for CFD or spread betting account

In this review, we tested HL's own trading platform. If you want to check IG's web trading platform, visit our IG review. In that review, we tested IG's most recent trading platforms, but they are very similar to those available at Hargreaves Lansdown.

Hargreaves Lansdown's web trading platform is available only in English.

Look and feel

Hargreaves Lansdown has a well-designed and easily manageable trading platform. It is great for execution, but not the most advanced. For example, it lacks the customizability.

Hargreaves Lansdown review - Web trading platform

Login and security

Hargreaves Lansdown provides only a one-step login. When you log in you have to add your password and randomly selected three numbers of your Secure Number. Hargreaves Lansdown gives you this Secure Number after the registration.

A two-step login would be more secure.

Search functions

The search functions work as you would expect. You can search by typing both a company's name or asset's ticker and during the search, a relevant list appears.

If you search for funds, you can also search by selecting the fund provider or the sector.

 Hargreaves Lansdown review - Web trading platform - Search

Placing orders

You can use the basic order types. You will not find very sophisticated orders like the "one cancels the other" order.

  • Market
  • Limit
  • Stop loss
  • Stop trailing

If you are not familiar with the basic order types, read this overview.

There are also two order time limits you can use, the Good 'til time (GTT) and Fill or Kill (FOK).

Hargreaves Lansdown review - Web trading platform - Order panel

Alerts and notifications

You can set alerts and notifications, but only for UK stocks. We missed the alerts for non-UK stocks and other asset classes, like mutual funds.

The range of alerts is limited. You can set alerts only for price moves, dividend payouts, and regulatory news announcements.

Portfolio and fee reports

Hargreaves Lansdown has a clear portfolio and fee reports. These reports can be found at "My account section".

When you select an asset, you can check the costs over the next 5 years and for a GBP 5,000 trade. It would better if you could set manually this trading scenario.

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Hargreaves Lansdown review
Mobile trading platform 4 stars

The Hargreaves Lansdown mobile trading platform is great. It is user-friendly and well-designed. However, it lacks two-step login and you can't set alerts.
Pros
  • User-friendly
  • Good search function
  • Order confirmation
Cons
  • No two-step (safer) login
  • No price alerts

Similarly to the web trading platform, you will use Hargreaves Lansdown's own mobile trading platform at accounts except for CFD and spread betting account. For CFD and spread betting account, you will use IG's mobile trading platform.

We tested Hargreaves Lansdown's own mobile trading platform. It is available both on iOS and Android. We tested it on Android.

In functionalities and design, it is very similar to the web trading platform. It offers the same order types, has the same search functions, and offers only one-step login.

The major difference compared to the web trading platform is that you can't set alerts. However, you can set mobile push notifications on the web trading platform. It would be much easier if you could set these notifications on the mobile trading platform.

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Hargreaves Lansdown review
Desktop trading platform

Hargreaves Lansdown does not offer a desktop trading platform.

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Hargreaves Lansdown review
Markets and products 4 stars

At Hargreaves Lansdown, you can access many markets and trade with a lot of different products, except for options and futures.
  Hargreaves Lansdown DEGIRO Saxo Bank
Stock Yes Yes Yes
ETF Yes Yes Yes
Forex Yes No Yes
Fund Yes Yes No
Bond Yes Yes Yes
Options No Yes Yes
Futures No Yes Yes
CFD Yes Yes Yes
Crypto Yes Yes Yes

Hargreaves Lansdown has a good product portfolio. From stocks to CFDs, you will find everything except options and futures. At funds, forex, and CFD Hargreaves Lansdown is really competitive. The stock and ETF offers are average, while the bond offer lags behind.

The forex, CFD, and cryptos are provided by IGWhen trading FX, CFDs, and crypto leverage, it is important to have control of your leverage. Unfortunately, you cannot set the leverage level it is fixed on the maximum allowed by the regulator.

Stock and ETF

Hargreaves Lansdown gives you access to the European and some North American stock exchanges. You can trade with penny stocks as well.

The stock and ETF offers lag behind DEGIRO and Saxo Bank.

  Hargreaves Lansdown DEGIRO Saxo Bank
Stock markets (#) 21 32 36
ETFs (#) 1,400 5,400 3,100

These stock exchanges are available at Hargreaves Lansdown:

Hargreaves Lansdown stock exchanges
Europe North America
London Stock Exchange Lisbon Stock Exchange NASDAQ
Amsterdam Stock Exchange Luxembourg Stock Exchange NYSE
Brussels Stock Exchange Madrid Stock Exchange NYSE Arca
Copenhagen Stock Exchange Oslo Stock Exchange Toronto Stock Exchange
Deutsche Boerse Exchange Paris Stock Exchange  
Frankfurt Stock Exchange Stockholm Stock Exchange  
Helsinki Stock Exchange Swiss Stock Exchange  
Irish Stock Exchange Vienna Stock Exchange  
Italian Stock Exchange    

Forex

You will get access to a great forex offer. Only Saxo Bank can compete with this offer. DEGIRO doesn't have forex products. 

  Hargreaves Lansdown DEGIRO Saxo Bank
Currency pairs (#) 94 - 182

Fund

The mutual fund offer is great. It is more than twice than DEGIRO's fund offer. Saxo Bank doesn't offer mutual funds.

  Hargreaves Lansdown DEGIRO Saxo Bank
Fund providers (#) 164 68 -

You will find funds from the biggest fund providers like BlackRock or Vanguard and from smaller ones too.

Bond

Hargreaves Lansdown's bond offer is not competitive. Only a few bonds are available and almost half of them can be traded only online.

  Hargreaves Lansdown DEGIRO Saxo Bank
Bonds (#) 350 1,000 38,000

This narrow bond offer covers both corporate and government bonds.

CFD

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Hargreaves Lansdown's CFD offer is great. It is more than at competitors' CFD offers.

  Hargreaves Lansdown DEGIRO Saxo Bank
Stock index CFDs (#) 68 - 29
Stock CFDs (#) 10,500 900 8,900
ETF CFDs (#) 1,900 - 700
Commodity CFDs (#) 47 - 19
Bond CFDs (#) 13 - 3

Crypto

You can trade with a great number of cryptos. At DEGIRO and Saxo Bank, only Bitcoins and Ether are provided through ETN instruments.

  Hargreaves Lansdown DEGIRO Saxo Bank
Cryptos (#) 8 2 2

At the time of the review, these cryptos were available: Bitcoin, Bitcoin Cash, EOS, Ether, Litecoin, NEO, Ripple, Stellar. If you want to know more about crypto investing, we recommend our crypto blogpost.

VCTs

You can also find assets, called Venture Capitalist Trusts. These products make you available to invest in small and growing companies. There is a high minimum investment amount, between £3,000 - £6,000.

Portfolio+

You can invest in portfolios which are managed by Hargreaves Lansdown's fund managers. It is great if you don’t want to manage your investments on your own.

According to your risk appetite and whether you invest for growth or income, you can choose among six portfolios. The minimum investment is £20,000 and there are annual management fees besides the commission for mutual funds. The annual management fees vary over time. At the time of the review, it ranged between 1.3% and 1.5%.

Hargreaves Lansdown review - Portfolio+

Hargreaves Lansdown review
Research 4 stars

Catered for beginner investors, the research section is full of useful features. However, a more sophisticated charting tool and analytic tools are missing.
Pros
  • Trading ideas
  • Data on asset fundamentals
  • User-friendly
Cons
  • Limited interactive charting
  • No/limited set of analytic tools

We tested research tools on the web trading platform. Research tools are plentiful, from trading ideas to stock market reports, you will find a lot of tools.

All research tools have nice and clean visuals. However, due to the huge amount of tools, it's sometimes easy to get lost and hard to find the way back to a particular section.

Trading ideas

You can find trading ideas for stocks at Broker Forecasts section. They are recommendations from top-tier banks, like HSBC, UBS, Barclays, etc.

Hargreaves Lansdown review - Research - Recommendations

Fundamental data

Hargreaves Lansdown offers fundamental data. You will find an endless amount of useful information ranging from performance charts through forecasts to dividends.

Hargreaves Lansdown review - Research - Fundamental data

Charting

Hargreaves Lansdown has some basic charting tools. You can use 26 technical indicators on an easy to use and clean looking interface. This is less than what some other brokers provide.

Hargreaves Lansdown review - Research - Charting

News feed

Quality news is available from several screens on the interface.

  • main news flow pulls together business news from reputable sources like The Guardian or Bloomberg
  • news section of the fundamental data screen combines news, reports, tips and company announcements

Hargreaves Lansdown review - Research - News

Compare research pros and cons

Hargreaves Lansdown review
Customer service 4 stars

Hargreaves Lansdown's customer service is great. They give fast and relevant answers. On the flip side, there is no 24/7 availability and live chat is not provided.
Pros
  • Fast response time
  • Relevant answers
  • Professional tone
Cons
  • No live chat
  • No 24/7 availability

You can contact Hargreaves Lansdown via:

  • telephone
  • email

We were really satisfied with Hargreaves Lansdown phone support. They answered on the phone instantly, and we got relevant answers.

The email support works as you would expect. We emailed them four times and got answers within a day. The answers were relevant as well. For example, we got a long and detailed email about who can open an account at HL.

We missed 24/7 availability and the live chat.

Hargreaves Lansdown review - Customer Service

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Hargreaves Lansdown review
Education 4 stars

Hargreaves Lansdown's education section offers a bunch of useful material for beginner investors. It's well designed and easy to understand, but a demo account is not available.
Pros
  • Trading platform tutorial
  • Educational videos
  • Easy to understand
  • Good production quality
Cons
  • No demo account

At Hargreaves Lansdown you can learn in the following ways:

  • Platform tutorial videos
  • General educational videos
  • Physical live seminars across the UK
  • Quality educational articles

We really like the downloadable PDF materials catered for beginners around specific topics, like picking shares, a guide to Initial Public Offerings, tax guide and so on. They are well structured, well edited and deep enough. Other special elements to their education offering are the

  • live seminars they make regularly throughout the UK
  • various calculators, they have on their website (i.e. household budget planner, regular savings calculator, etc.).

Hargreaves Lansdown Review - Education Section

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Hargreaves Lansdown review
Safety

Hargreaves Lansdown is regulated by FCA, a top-tier regulator. It is also listed on the London Stock Exchange.
Pros
  • Regulated by top tier financial authority
  • High level of investor protection
  • Listed on stock exchange
Cons
  • No negative balance protection
  • Does not hold a banking license

Is Hargreaves Lansdown regulated? Yes, it is regulated by the Financial Conduct Authority (FCA).

Hargreaves Lansdown is based in the UK and was founded in 1981. Is Hargreaves Lansdown safe? To be certain, it is best to check two things: how you are protected if something goes wrong and what the background of the broker is.

How you are protected

This is important for you because the investor protection amount and the regulator differ from entity to entity. This is not an issue in this case as all customers are covered by Hargreaves Lansdown PLC. This means that due to the FCA regulation you get an £85,000 investor protection.

Furthermore, if you trade on leverage, negative balance protection is provided.

Background

Hargreaves Lansdown was established in 1981. The longer the track record of a broker, the more proof we have that it has successfully survived previous financial crises.

Hargreaves Lansdown is listed on the London Stock Exchange. It is a big plus for safety as they release financial statements regularly and transparently.

Being listed on a stock exchange and regulated by a top-tier regulator are all great signs for Hargreaves Lansdown's safety.

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Hargreaves Lansdown review
Bottom line

Hargreaves Lansdown is one of the biggest UK brokers regulated by top-tier regulators.

Its customer service is great, you will get relevant answers within a short time. The web and mobile trading platforms are user-friendly. The educational tools have high-quality.

It has some drawbacks though. It has high fees for stocks, ETFs, and CFDs. The account opening for clients outside the UK is not fully digital. There is only one base currency, the GBP.

As there is no minimum deposit and no inactivity fee is charged, feel free to try Hargreaves Lansdown.

Hargreaves Lansdown main features and highlights

🗺️ Country of regulation UK
💰 Trading fees class High
💰 Inactivity fee charged No
💰 Withdrawal fee amount $0
💰 Minimum deposit $1
🕖 Time to open an account 1 day
💳 Deposit with credit card Available
👛 Depositing with electronic wallet Not available
💱 Number of base currencies supported 1
🎮 Demo account provided No
🛍️ Products offered Stock, ETF, Forex, Fund, Bond, CFD, Crypto

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Hargreaves Lansdown logo

Hargreaves Lansdown was founded in 1981 and one of the biggest UK-based stockbrokers. It is regulated by the top-tier Financial Conduct Authority (FCA). In addition, it is constituent of FTSE 100, a stock index of the biggest listed companies in the UK.

Hargreaves Lansdown is considered safe because it has a long track record, is regulated by a top-tier regulator, and is listed on a stock exchange.

Recommended for beginners and buy and hold investors looking for great customer service and easy to use trading platforms.

Compare to other brokers

Overall 5 stars

Pros
  • Great customer service
  • Easy to use trading platforms
  • High-quality educational tools
Cons
  • High fees for stocks, ETFs, and CFDs
  • Offline account opening for clients outside the UK
  • Only GBP base currency

Fees 2 stars

Pros
  • No inactivity fee
  • Low fees for funds, forex, and bonds
Cons
  • High stock, ETF, and CFD fees

Account opening 4 stars

Pros
  • Fast account opening
  • Fully digital account opening
  • User-friendly
Cons
  • Offline account opening for non-UK clients

Deposit and withdrawal 4 stars

Pros
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
Cons
  • Only one account base currency

Web trading platform 4 stars

Pros
  • User-friendly
  • Clear fee report
  • Good search function
Cons
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)

Mobile trading platform 4 stars

Pros
  • User-friendly
  • Good search function
  • Order confirmation
Cons
  • No two-step (safer) login
  • No price alerts

Markets and products 4 stars

The available asset classes to trade:

  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • CFD
  • Crypto

Research 4 stars

Pros
  • Trading ideas
  • Data on asset fundamentals
  • User-friendly
Cons
  • Limited interactive charting
  • No/limited set of analytic tools

Customer service 4 stars

Pros
  • Fast response time
  • Relevant answers
  • Professional tone
Cons
  • No live chat
  • No 24/7 availability

Education 4 stars

Pros
  • Trading platform tutorial
  • Educational videos
  • Easy to understand
  • Good production quality
Cons
  • No demo account

Safety

Pros
  • Regulated by top tier financial authority
  • High level of investor protection
  • Listed on stock exchange
Cons
  • No negative balance protection
  • Does not hold a banking license

AUTHOR OF THIS REVIEW

Gergely Korpos
Gergely Korpos
Co-founder, CPO
Gergely's aim is to bring more clarity into personal investing. He has 10 years of experience in financial markets with GE Money, KPMG and MOL. He concluded thousands of trades as a commodity trader and financial portfolio manager

METHODOLOGY

Everything you find on Brokerchooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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