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Hargreaves Lansdown Alternatives

May 2019
Our top picks for Hargreaves Lansdown alternatives
DEGIRO
Saxo Bank

The best alternatives to Hargreaves Lansdown are

  1. DEGIRO - Dutch discount broker
  2. Saxo Bank - Danish investment bank

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

Hargreaves Lansdown alternatives comparison
Hargreaves Lansdown DEGIRO Saxo Bank
Overall score 4.5 4.7 4.7
Fees score 2 stars 5 stars 3 stars
Account opening score 4 stars 5 stars 3 stars
Deposit and withdrawal score 4 stars 3 stars 5 stars
Web platform score 4 stars 4 stars 5 stars
Markets and products score 4 stars 3 stars 4 stars
Visit broker Visit broker Visit broker

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.

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
  • DEGIRO is recommended for price-sensitive buy and hold investors and traders looking for only execution
  • Saxo Bank is recommended for investors and traders looking for a great trading platform and solid research

Important factors of finding Hargreaves Lansdown alternatives

So far Brokerchooser has reviewed 51 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. Hargreaves Lansdown is considered to be a rather expensive broker. This gives you a good chance to cut your costs by choosing a cheaper Hargreaves Lansdown alternative.

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!

Hargreaves Lansdown alternatives
Hargreaves Lansdown

4.5 5 stars

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

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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 alternatives trading fees
Hargreaves Lansdown DEGIRO Saxo Bank
Apple benchmark fee $34.8 $1.4 $20.0
Vodafone benchmark fee $35.2 $5.2 $15.0
EURUSD benchmark fee $13.6 - $58.4

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

More Visit broker

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
Hargreaves Lansdown alternatives minimum deposit and account open times
Hargreaves Lansdown DEGIRO Saxo Bank
Minimum deposit $1 $0 $725
Time to open account 1 day 1 day 1-3 days

Learn more about Hargreaves Lansdown minimum deposit here.

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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 deposit and withdrawal
  • Free withdrawal
  • No deposit fee
Cons
  • Only one account base currency
Hargreaves Lansdown and alternatives withdrawal options and fees
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

More Visit broker

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 (safe) login
  • Limited customizability (for charts, workspace)
Hargreaves Lansdown - Web trading platform
Hargreaves Lansdown and alternatives trading platform scores
Hargreaves Lansdown DEGIRO Saxo Bank
Web platform score 4 stars 4 stars 5 stars
Mobile platform score 4 stars 4 stars 5 stars
Desktop platform score - - 5 stars

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

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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 and alternatives markets and products
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

More Visit broker

Verdict

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
Summary Hargreaves Lansdown is a UK broker, regulated by the top-tier FCA. The company is listed on the London Stock Exchange and constituent of FTSE 100, a stock index of the biggest listed companies in the UK.
Fees score 2 stars
Recommended for Beginners and buy and hold investors looking for great customer service and easy to use trading platforms

More Visit broker

Hargreaves Lansdown alternatives
DEGIRO

4.7 5 stars

Best discount broker

DEGIRO logo

DEGIRO is a trending Dutch online discount broker. It is privately owned and was established in 2013 by former employees of another brokerage company.

DEGIRO is considered safe as it is regulated by top-tier financial regulators, the Dutch AFM and DNB. It is registered with the Chamber of Commerce and Industry in Amsterdam under number 34342820.

Recommended for price-sensitive buy and hold investors and traders looking for only execution

Pros
  • One of the lowest fees in the market
  • Broad access to international markets
  • Easy to use web and mobile platform
Cons
  • Limited research and education
  • No forex trading
  • No credit/debit card deposit and withdrawal

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Fees 5 stars

DEGIRO has low trading and non-trading fees. In most asset classes, it is the best in the market. There are some ETFs which you can trade free once per month. It's a great offer for buy-and-hold investors.
Pros
  • Low trading fees
  • Low non-trading fees
  • No withdrawal fee
  • At some ETFs, one free trade per month
Cons
  • Yearly service fee for mutual funds
  • Higher trading fees for Asian and smaller European stock exchanges
Hargreaves Lansdown vs. DEGIRO: Trading fees
DEGIRO Hargreaves Lansdown
Apple benchmark fee $1.4 $34.8
Vodafone benchmark fee $5.2 $35.2
EURUSD benchmark fee - $13.6

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

More Visit broker

Account opening 5 stars

DEGIRO has an easy and fast account opening process. Also, there is no minimum deposit.
Pros
  • Fully digital account opening
  • No minimum account balance
  • User-friendly
Cons
None
Hargreaves Lansdown vs. DEGIRO: Minimum deposit, time to open an account
DEGIRO Hargreaves Lansdown
Minimum deposit $0 $1
Time to open account 1 day 1 day

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

More Visit broker

Deposit and withdrawal 3 stars

DEGIRO deposit and withdrawal is free of charge via bank transfer. On the other hand, you cannot deposit with credit or debit card.
Pros
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
Cons
  • Credit/Debit card deposit and withdrawal not available
Hargreaves Lansdown vs. DEGIRO: Withdrawal options
DEGIRO Hargreaves Lansdown
Bank Transfer Yes Yes
Credit/Debit card No Yes
Electronic wallets No No
Withdrawal fee $0 $0

More Visit broker

Web trading platform 4 stars

DEGIRO’s web platform is simple and easy to use. Even beginners can easily navigate it and buy stocks. On the negative side, it is a bit complicated to customize.
Pros
  • User-friendly
  • Two-step (safe) login
  • Looks nice
Cons
  • Limited customizability (for charts, workspace)
  • No price alerts
Web trading platform of DEGIRO, a Hargreaves Lansdown alternative
Hargreaves Lansdown vs. DEGIRO: Trading platform scores
DEGIRO Hargreaves Lansdown
Web platform score 4 stars 4 stars
Mobile platform score 4 stars 4 stars
Desktop platform score - -

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

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Markets and products 3 stars

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

More Visit broker

Verdict

DEGIRO is a good choice if you want a simple platform and don’t want to spend a fortune on fees.

It is far cheaper than its big European competitors and only Interactive Brokers can compete with DEGIRO fees. DEGIRO also has great access to international markets and trading products. And it is als one of the best trading platforms for Europeans.

However, cheapness comes with some shortfalls. Education and research tools are limited, there is no forex trading and limited deposit and withdrawal options.

All in all, it is a great online broker. As there is no minimum deposit and no inactivity fee, feel free to try it out.

DEGIRO
Summary DEGIRO is a Dutch discount broker established in 2008. It is regulated by the Dutch FMA.
Fees score 5 stars
Recommended for Price-sensitive buy and hold investors and traders looking for only execution

More Visit broker

Hargreaves Lansdown alternatives
Saxo Bank

4.7 5 stars

Best trading platform

Saxo Bank logo

Saxo Bank is a Danish investment bank providing online trading and investments. It is a leading European retail brokerage innovator. Saxo is privately owned, established in 1992, and headquartered in Copenhagen.

Saxo is considered safe as it is regulated worldwide by more than 10 financial regulators, including top-tier regulators, like the UK FCA.

Recommended for investors and traders looking for a great trading platform and solid research

Pros
  • Outstanding research
  • Great trading platform
  • Broad product portfolio
Cons
  • High forex, bond, options, and futures fees
  • Slow account opening
  • Missing live chat

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Fees 3 stars

Saxo Bank has average trading and non-trading fees.
Pros
  • No withdrawal fee
  • Transparent fee structure
  • Lower fees for Platinum and VIP clients
Cons
  • Inactivity fee
  • High financing rate
  • High forex, bond, options and futures fees
Hargreaves Lansdown vs. Saxo Bank: Trading fees
Saxo Bank Hargreaves Lansdown
Apple benchmark fee $20.0 $34.8
Vodafone benchmark fee $15.0 $35.2
EURUSD benchmark fee $58.4 $13.6

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

More Visit broker

Account opening 3 stars

Account opening is available for residents of almost every country and is fully digital.
Pros
  • Fast account opening
  • Fully digital account opening
  • Available for residents of almost every country
Cons
  • Minimum account balance is higher than $500
  • Sales team pushy
  • Classic accounts available only in a single currency
Hargreaves Lansdown vs. Saxo Bank: Minimum deposit, time to open an account
Saxo Bank Hargreaves Lansdown
Minimum deposit $725 $1
Time to open account 1-3 days 1 day

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

More Visit broker

Deposit and withdrawal 5 stars

Saxo provides multiple deposit and withdrawal options free of charge on a user-friendly interface.
Pros
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
Cons
  • Credit/Debit card withdrawal not available
Hargreaves Lansdown vs. Saxo Bank: Withdrawal options
Saxo Bank Hargreaves Lansdown
Bank Transfer Yes Yes
Credit/Debit card No Yes
Electronic wallets No No
Withdrawal fee $0 $0

More Visit broker

Web trading platform 5 stars

Saxo Bank's web trading platform is easy-to-use and well-designed. However, it doesn't provide a two-step login and the customizability is limited.
Pros
  • User-friendly
  • Good search function
  • Looks nice
Cons
  • No two-step (safe) login
  • Limited customizability (for charts, workspace)
Web trading platform of Saxo Bank, a Hargreaves Lansdown alternative
Hargreaves Lansdown vs. Saxo Bank: Trading platform scores
Saxo Bank Hargreaves Lansdown
Web platform score 5 stars 4 stars
Mobile platform score 5 stars 4 stars
Desktop platform score 5 stars -

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

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Markets and products 4 stars

At Saxo Bank you can reach many markets and trade with a lot of different products, except for funds.
Hargreaves Lansdown vs. Saxo Bank: Markets and products
Saxo Bank Hargreaves Lansdown
Stock Yes Yes
ETF Yes Yes
Forex Yes Yes
Fund No Yes
Bond Yes Yes
Options Yes No
Futures Yes No
CFD Yes Yes
Crypto Yes Yes

More Visit broker

Verdict

Saxo Bank is a great broker, providing a complex and good service.

It has the best trading platforms backed by great research. The product portfolio is covering all important international markets and asset classes.

It has some drawbacks though. The fees for forex, bond, options, and futures are high. The account opening can take long and the live chat is missing.

In general, Saxo Bank is one of the best online brokerage companies you can choose. By opening an account, you end up with a broad, well-developed service.

Saxo Bank
Summary Saxo Bank is a Danish investment bank. It is regulated by more than 10 financial authorities, including the top-tier FCA.
Fees score 3 stars
Recommended for Investors and traders looking for a great trading platform and solid research

More Visit broker

Hargreaves Lansdown alternatives
Bottom line

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.

Hargreaves Lansdown alternatives
Broker Info Recommended for
Hargreaves Lansdown UK-based stockbroker Beginners and buy and hold investors looking for great customer service and easy to use trading platforms
DEGIRO Dutch discount broker Price-sensitive buy and hold investors and traders looking for only execution
Saxo Bank Danish investment bank Investors and traders looking for a great trading platform and solid research

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

AUTHOR

Dan Sallai
Dan Sallai
CMO
My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.
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