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Hargreaves Lansdown Review 2024

Written by
Adam N.
Fact checked by
Gyula L.
Updated
2d ago
Key data
Fees
Safety
Deposit and withdrawal
Account opening
Mobile app
Desktop platform
Product selection
Regulated and trusted. Tested via live trading.
1,309 people chose this broker
Not available in United States; see best alternatives

Why choose Hargreaves Lansdown

Hargreaves Lansdown is a UK broker, regulated by the top-tier FCA.

Hargreaves Lansdown's web and mobile trading platforms are well-designed and user-friendly, and its educational tools are well-structured and high-quality. It is a good choice for beginner investors.

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

BrokerChooser gave Hargreaves Lansdown a 4.2/5 rating based on analyzing 600+ criteria and testing via opening a live account.

BrokerChooser score
4.2 4.2 /5
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Pros
  • Easy-to-use trading platforms
  • High-quality educational tools
  • Interest paid on uninvested cash
Cons
  • High fees for stocks and ETFs
  • Offline account opening for clients outside the UK
  • Only GBP base currency

Hargreaves Lansdown at a glance

🗺 Country of regulationUK
💰 US stock feeBased on previous month's activity. 0-9 trades: £11.95 per trade; 10-19 trades: £8.95 per trade; 20+ trades: £5.95 per trade
💰 Inactivity fee chargedNo
💰 Withdrawal fee$0
💰 Minimum deposit$0
💵 Available base currenciesGBP
💵 Conversion fee of deposits in non-base currencyfirst £5,000: 1.00%; next £5,000: 0.75%; next £10,000: 0.50%; over £20,000: 0.25%
💳 Deposit with bank cardAvailable
🕖 Time to open an account1 day
🎮 Demo account providedNo
🛍️ Products offeredStock, ETF, Fund, Bond, Portfolio+, Venture Capital Trusts
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Fees

Score: 2.4/5
Hargreaves Lansdown has low fund and bond trading fees and there is no inactivity fee. However, the stock and ETF fees are high.
Pros
  • Low non-trading fees
  • Low fund fees
  • No withdrawal fee
  • Interest paid on uninvested cash
Cons
  • High stock and ETF fees
  • Currency conversion fee

We compared Hargreaves Lansdown's fees with two similar brokers we selected, Interactive Investor and AJ Bell Youinvest. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of Hargreaves Lansdown alternatives.

High stock and ETF commission

Hargreaves Lansdown UK stock fees are much higher than the industry average. UK stock fees are calculated as follows: Based on previous month's activity. 0-9 trades: £11.95 per trade; 10-19 trades: £8.95 per trade; 20+ trades: £5.95 per trade

Broker
UK stock
Hargreaves Lansdown
$14.9
Interactive Investor
$5.0
AJ Bell Youinvest
$12.4
Hargreaves Lansdown stock and ETF commission

Low mutual fund commission

It’s extremely great as Hargreaves Lansdown has commission-free Mutual fund trading.

Broker
Mutual fund
Hargreaves Lansdown
$0.0
Interactive Investor
$5.0
AJ Bell Youinvest
$1.9
Hargreaves Lansdown mutual fund commission

Especially if you want to buy and sell relatively frequently, because Hargreaves Lansdown doesn't charge a commission for opening and closing mutual fund positions.

Low bond commission

Hargreaves Lansdown EU/UK government bond fees are lower than the industry average. EU/UK government bond fees are calculated as follows: 0-9 trades: £11.95 per trade; 10-19 trades: £8.95 per trade; 20+ trades: £5.95 per trade

Broker
EU/UK government bond
Hargreaves Lansdown
$14.9
Interactive Investor
$5.0
AJ Bell Youinvest
$12.4
Hargreaves Lansdown bond commission

No inactivity fee, low withdrawal fee

It doesn't charge an inactivity fee or withdrawal fee and there is no account fee for a standard Fund & Share account.

Broker
Inactivity fee
Withdrawal fee
Hargreaves Lansdown
$0
Interactive Investor
$0
AJ Bell Youinvest
$0
Hargreaves Lansdown inactivity, withdrawal and other fees

The annual account fees for 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 accounts and £45 for an ISA account.

If you trade assets denominated in currencies other than GBP, you also have to count with a currency conversion fee.This is charged as a percentage of the trade value, and is lower if you trade with higher amounts.

Hargreaves Lansdown currency conversion fees
Trade value Currency conversion charges (% of trade value)
First £5,000 1.00%
Next £5,000 0.75%
Next £10,000 0.50%
Over £20,000 0.25%

Safety

Hargreaves Lansdown is regulated by the FCA, a top-tier financial authority, and is listed on the London Stock Exchange. On the negative side, it does not hold a banking license.
Pros
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Listed on stock exchange
Cons
  • Does not hold a banking license
Read more

Deposit and withdrawal

Score: 3.3/5
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
Read more

Account opening

Score: 5/5
Hargreaves Lansdown's account opening process is quick and easy as long as you're in the UK and electronic verification works. If this fails or you live outside the UK, you have to send photocopied documents by post.
Pros
  • Fast
  • No minimum deposit
  • Fully digital for UK clients
Cons
  • Offline account opening for non-UK clients
Read more

Mobile app

Score: 3.9/5
The Hargreaves Lansdown mobile trading platform is great. It is user-friendly and well-designed. However, it lacks a two-step login and you cannot set alerts.
Pros
  • User-friendly
  • Good search function
  • Touch/Face ID login
Cons
  • No two-step (safer) login
  • No price alerts
Read more

Desktop platform

Score: 3.9/5
Hargreaves Lansdown's web platform 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)
Read more

Product selection

Score: 2.7/5
Hargreaves Lansdown offers a lot of funds, and you can access a good number of stock markets. However, other products such as forex, CFDs, options or futures are not available.
Read more
“I recommend Hargreaves Lansdown for beginners and buy-and-hold investors looking for an easy-to-use trading platform.”

FAQ

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Author of this review

Adam Nasli

Financial Wizard | Trading • Safety • Market Analysis

I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

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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