Hargreaves Lansdown Alternatives

The best alternatives to Hargreaves Lansdown are

1. Charles Stanley Direct - UK-based stockbroker
2. Interactive Investor - UK stockbroker
3. Barclays - UK-based stockbroker

Let's see in a bit more detail how the Hargreaves Lansdown alternatives compare to Hargreaves Lansdown and each other:

Why are these brokers considered good alternatives to Hargreaves Lansdown? There are many areas based on which Hargreaves Lansdown can be compared with others. When we say a given online broker is a good alternative to Hargreaves Lansdown we mean these brokers are comparable in the following areas:

• The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
• The type of clients they target, i.e. beginners, experienced investors, or day traders.

Not sure which broker to choose? For a tailored recommendation, check out our broker finder tool. Answer 4 simple questions and get a list of the most relevant brokers.

Hargreaves Lansdown alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

• Hargreaves Lansdown is recommended for beginners and buy-and-hold investors looking for great customer service and easy-to-use trading platforms
• Charles Stanley Direct is recommended for beginners and buy-and-hold investors focusing on the uk market
• Interactive Investor is recommended for beginners and investors focusing on the uk market
• Barclays is recommended for long-term investors looking for a broker with low fees and solid background

Important factors of finding Hargreaves Lansdown alternatives

So far BrokerChooser has reviewed 101 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

• open a live account
• check over 100 criteria, with weighting based on readers' preferences
• refresh data regularly

Whether Hargreaves Lansdown or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. The amounts Hargreaves Lansdown charges you are considered average. When picking an alternative, you could prioritize brokers that are cheaper than Hargreaves Lansdown.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At Hargreaves Lansdown this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at Hargreaves Lansdown, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Hargreaves Lansdown alternative is a must.

Now let's dive into the details of how Hargreaves Lansdown and its alternatives perform in the most important areas!

Charles Stanley Direct is a UK-based stockbroker founded in 1985. It is regulated by the top-tier UK Financial Conduct Authority (FCA). In 2022 it was acquired by Raymond James Financial, Inc., which is an NYSE-listed financial services company, a constituent of the blue-chip S&P 500 index.

Charles Stanley Direct is considered safe because it has a long track record, its parent company is listed on a stock exchange, and is regulated by a top-tier regulator.

Recommended for beginners and buy-and-hold investors focusing on the uk market

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Fees

3.4

Charles Stanley Direct has low fund fees and low non-trading fees, but its stock and ETF fees are not the most competitive on the market.

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening

4.6

If you have a UK passport, the account opening procedure is quick and easy. If not, you have to mail in photocopied documents, making the process less convenient.

If you are interested more in Charles Stanley Direct minimum deposit, this overview will help you.

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Deposit and withdrawal

3.8

Depositing and withdrawing money is easy and free with bank transfer at Charles Stanley Direct. Unfortunately, accounts are only available in British pounds.

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Web trading platform

3.5

The web trading platform is user-friendly and delivers some of the usual basic functions. However, it lacks a safer two-step login, customizability and advanced order types.

Learn more about Charles Stanley Direct's web trading platform in the detailed Charles Stanley Direct review.

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Markets and products

1.4

Charles Stanley Direct offers only UK stocks, ETFs, mutual funds and bonds. International stocks or bonds can be traded offline, but options, futures or CFDs are missing completely.

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Verdict

Charles Stanley Direct is a UK stockbroker regulated by the FCA. Its parent company Raymond James Financial, Inc. is listed on the New York Stock Exchange.

On the positive side, it has low fund fees. Customer service is great, offering quick and useful answers. Deposit and withdrawal are easy and free.

The service has some drawbacks though. You can only trade UK stocks, ETFs and mutual funds online. Educational and research tools are limited.

As the minimum deposit is low and no inactivity fee is charged, feel free to try Charles Stanley Direct.

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Interactive Investor (ii) is the second biggest UK stockbroker, regulated by the Financial Conduct Authority (FCA). It was founded in 1995 and incorporated in its current form in 2003.

Interactive Investor is considered safe because it has a long track record and is overseen by a top-tier regulator.

Recommended for beginners and investors focusing on the uk market

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Fees

3.3

Interactive Investor has average trading fees, including low fund fees, while regular investments are free. On the other hand, there is a monthly account fee.

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening

5.0

Opening an account with Interactive Investor is fast, fully digital, and involves no minimum deposit, but only UK addresses are accepted.

If you are interested more in Interactive Investor minimum deposit, this overview will help you.

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Deposit and withdrawal

4.3

Deposit and withdrawal are easy, quick and mostly free. On the negative side, electronic wallets and credit/debit cards are not accpeted for withdrawal.

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Web trading platform

4.3

Interactive Investor's web trading platform is user-friendly and easy to use, but the platform cannot be customized.

Learn more about Interactive Investor's web trading platform in the detailed Interactive Investor review.

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Markets and products

3.0

Interactive Investor offers stocks, ETFs, funds, and bonds, but funds and bonds cover only the UK market.

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Verdict

Interactive Investor is one of the biggest UK brokers, and is regulated by the top-tier FCA.

It has a user-friendly and well-designed web trading platform and mobile app. Deposit and withdrawal are easy and fast, and phone customer service is great, giving you quick and useful answers.

Interactive Investor has some drawbacks though. Its product offer covers only traditional products, like UK funds and a rather average selection of stocks. Technical research tools are limited, and there is a monthly account fee.

As there is no minimum deposit and you can use great trading platforms, feel free to try Interactive Investor.

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Barclays is a UK-based financial service company with a long history, the origins of which date back to the 17th century. Barclays is listed on multiple stock exchanges, including the LSE and the NYSE.

Barclays provides a brokerage service for UK customers through its subsidiary, Barclays Smart Investor. Barclays Smart Investor was founded in 1992 and is regulated by the Financial Conduct Authority (FCA).

Barclays Smart Investor is considered safe because it has a long track record and a good reputation, is listed on a stock exchange, has a banking background, discloses its financials, and is regulated by a top-tier financial authority.

We use Barclays Smart Investor and Barclays interchangeably, but we always refer to Barclays's brokerage service.

Recommended for long-term investors looking for a broker with low fees and solid background

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Fees

3.8

Barclays Smart Investor provides low trading fees for stocks, ETFs, bonds, and funds. It's also great that no deposit, withdrawal, or inactivity fees are charged. On the other hand, there is a volume-based monthly customer fee for holding assets.

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening

3.5

Barclays Smart Investor offers a fully digital account opening with no minimum deposit. On the negative side, the account verification took long and only UK residents can open an account with Barclays.

If you are interested more in Barclays minimum deposit, this overview will help you.

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Deposit and withdrawal

4.0

Depositing and withdrawal is free of charge with a debit card or bank transfer and is usually processed fast. On the other hand, you can't use electronic wallets and we experienced some difficulties having different bank accounts accepted.

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Web trading platform

3.5

Barclays Smart Investor has a user-friendly and well-designed web trading platform. It also offers good search functions and transparent order confirmation. However, the platform is not customizable and there is no two-step login option.

Learn more about Barclays's web trading platform in the detailed Barclays review.

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Markets and products

1.3

Barclays Smart Investor offers stocks, ETFs, bonds, and mutual funds. Unfortunately, the product portfolio covers only the UK market and the number of available products is far from robust.

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Verdict

All in all, Barclays Smart Investor is a transparent and secure brokerage held by a financially stable global UK bank and is regulated by the top-tier FCA. 

We rated Smart Investors favorably because of its low fees, the safety it provides for account holders and great fundamental research.

Some of its drawbacks include a limited product offering and missing mobile trading platform, as well as poor customer support.

If you are looking for a solid, safe online broker, you can go ahead and give Barclays Smart Investor a try, as the trading and non-trading fees are generally low, the security of your funds are protected to a high level, and the account opening is fully online. 

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

Fees

3.1

Hargreaves Lansdown has low fund and bond trading fees and there is no inactivity fee. However, the stock and ETF fees are high.

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k

Account opening

4.6

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.

Learn more about Hargreaves Lansdown minimum deposit here.

Deposit and withdrawal

3.8

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.

Web trading platform

3.7

Hargreaves Lansdown's web platform is user-friendly and easy to use. However, it lacks a two-step login and customizability.

Learn more about Hargreaves Lansdown's web trading platform in the detailed Hargreaves Lansdown review.

Markets and products

3.0

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.

Verdict

Hargreaves Lansdown is one of the biggest UK brokers and is regulated by a top-tier authority.

Its customer service is great, providing you with quick and relevant answers. The web and mobile trading platforms are user-friendly and the educational tools are high-quality.

It has some drawbacks though: it has high fees for stocks and ETFs, account opening for clients outside the UK is not fully digital, and there is only one base currency (GBP).

As there is no minimum deposit and no inactivity fee, Hargreaves Lansdown is a good choice for opening a trading account.

Based on our analysis, there are several good alternatives to Hargreaves Lansdown. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.