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Our top alternative brokers to Hargreaves Lansdown
DEGIRO
4.7
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Saxo Bank
4.8
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Our top alternative brokers to Hargreaves Lansdown
DEGIRO
4.7
Find out more
Saxo Bank
4.8
Find out more
Hargreaves Lansdown Alternatives

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 4.4 4.7 4.8
Fees score 2.8 stars 5.0 stars 2.9 stars
Account opening score 4.3 stars 5.0 stars 2.5 stars
Deposit and withdrawal score 3.8 stars 3.3 stars 4.8 stars
Web platform score 3.7 stars 3.9 stars 5.0 stars
Markets and products score 3.0 stars 3.6 stars 5.0 stars
Find out more Find out more Find out more

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 only to carry out transactions
  • 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 71 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!

Hargreaves Lansdown alternatives
Hargreaves Lansdown

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

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

Find out more

Fees
2.8

Hargreaves Lansdown has high trading fees for stocks and ETFs. On the plus side, the fund and bond trading fees are low and there is no inactivity fee.
Pros Cons
Low non-trading fees High stock and ETF fees
No withdrawal fee Currency conversion fee
Low fees for funds and bonds
Hargreaves Lansdown alternatives trading fees
Hargreaves Lansdown DEGIRO Saxo Bank
US stock $14.3 $0.6 $10.0
UK stock $14.3 $2.4 $9.6

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

Find out more More

Account opening
4.3

Hargreaves Lansdown's account opening process is quick and easy as long as you're in the UK and they manage to electronically verify you. If this fails or you live outside the UK, you have to send the photocopied documents by post.
Pros Cons
Fast Offline account opening for non-UK clients
No minimum deposit
Fully digital for UK clients
Hargreaves Lansdown alternatives minimum deposit and account open times
Hargreaves Lansdown DEGIRO Saxo Bank
Minimum deposit $0 $0 $10,000
Time to open account 1 day 1 day >3 days

Learn more about Hargreaves Lansdown minimum deposit here.

Find out more More

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.
Pros Cons
Credit/Debit card available Only one account base currency
Free withdrawal
No deposit fee
Hargreaves Lansdown and alternatives withdrawal options and fees
Hargreaves Lansdown DEGIRO Saxo Bank
Bank Transfer Yes Yes Yes
Credit/Debit card No No No
Electronic wallets No No No
Withdrawal fee $0 $0 $0

Find out more More

Web trading platform
3.7

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 Cons
User-friendly No two-step (safer) login
Clear fee report Limited customizability (for charts, workspace)
Good search function
Hargreaves Lansdown - Web trading platform
Hargreaves Lansdown and alternatives trading platform scores
Hargreaves Lansdown DEGIRO Saxo Bank
Web platform score 3.7 stars 3.9 stars 5.0 stars
Mobile platform score 3.9 stars 4.4 stars 5.0 stars
Desktop platform score - - 5.0 stars

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

Find out more

Markets and products
3.0

Hargreaves Lansdown offers a lot of funds, and you can access an average number of stock markets. You can trade with forex, CFDs and cryptos via IG, another broker. There are no options or futures.
Hargreaves Lansdown and alternatives markets and products
Hargreaves Lansdown DEGIRO Saxo Bank
Stock Yes Yes Yes
ETF Yes Yes Yes
Forex No No Yes
Fund Yes Yes Yes
Bond Yes Yes Yes
Options No Yes Yes
Futures No Yes Yes
CFD No No Yes
Crypto No Yes Yes

Find out more More

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 relevant answers within a short time. 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.

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 is a constituent of the FTSE 100, a stock index of the biggest listed companies in the UK.
Fees score 2.8 stars
Recommended for Beginners and buy-and-hold investors looking for great customer service and easy-to-use trading platforms

Find out more More

Hargreaves Lansdown alternatives
DEGIRO

DEGIRO is a Dutch online discount broker. It is privately owned and was established in 2008 by former employees of another brokerage company.

DEGIRO is regulated by top-tier financial authorities such as the Netherlands Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB). It is registered with the Chamber of Commerce and Industry in Amsterdam.

As of July 2020, DEGIRO no longer keeps a waiting list for new clients.

Recommended for price-sensitive buy-and-hold investors and traders looking only to carry out transactions

Pros Cons
One of the lowest fees on the market Forex not available
Regulated by multiple top-tier regulators Limited research and education
Easy-to-use web and mobile platform No credit/debit card deposit

Find out more

Fees
5.0

DEGIRO has low trading and non-trading fees. In most asset classes, it is the best on the market. You can trade some ETFs for free once a month - a great deal for buy-and-hold investors.
Pros Cons
Low trading fees Higher trading fees for Asian and smaller European stock exchanges
Low non-trading fees
Low stock and ETF fees
Hargreaves Lansdown vs. DEGIRO: Trading fees
DEGIRO Hargreaves Lansdown
Apple benchmark fee $1.4 $28.9
Vodafone benchmark fee $5.3 $29.2
EURUSD benchmark 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

Find out more More

Account opening
5.0

DEGIRO no longer keeps a waiting list for new users, and no minimum deposit is required. The account creation process is once again fast and fully digital.
Pros Cons
Fast None
Fully digital
No minimum deposit
Hargreaves Lansdown vs. DEGIRO: Minimum deposit, time to open an account
DEGIRO Hargreaves Lansdown
Minimum deposit $0 $0
Time to open account 1 day 1 day

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

Find out more More

Deposit and withdrawal
3.3

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

Find out more More

Web trading platform
3.9

DEGIRO's web platform is simple and easy to use, even for beginners. On the negative side, you cannot set price alerts.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report No price alerts
Two-step (safer) login
Web trading platform of DEGIRO, a Hargreaves Lansdown alternative
Hargreaves Lansdown vs. DEGIRO: Trading platform scores
DEGIRO Hargreaves Lansdown
Web platform score 3.9 stars 3.7 stars
Mobile platform score 4.4 stars 3.9 stars
Desktop platform score - -

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

Find out more

Markets and products
3.6

At DEGIRO, you can access many markets and trade a lot of different products. CFD and forex are not available, though.
Hargreaves Lansdown vs. DEGIRO: Markets and products
DEGIRO Hargreaves Lansdown
Stock Yes Yes
ETF Yes Yes
Forex No No
Fund Yes Yes
Bond Yes Yes
Options Yes No
Futures Yes No
CFD No No
Crypto Yes No

Find out more More

Verdict

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

Transaction costs are generally very low. DEGIRO also has one of the best trading platforms for Europeans. In addition, the account opening process is now fast again, as a recent temporary waiting list has been scrapped.

On the other hand, education and research tools are limited. We should also mention that there is no forex trading, and most clients can only deposit and withdraw by bank transfer.

All in all, DEGIRO is a great online broker. There is no minimum deposit and no inactivity fee, so feel free to go ahead and give it a try.

DEGIRO
Summary DEGIRO is a Dutch discount broker established in 2008. It is regulated by the Dutch FMA. As of March 25, 2020, DEGIRO introduced a waiting list for new customers. Longer than usual account opening times are expected.
Fees score 5.0 stars
Recommended for Price-sensitive buy-and-hold investors and traders looking only to carry out transactions

Find out more More

Hargreaves Lansdown alternatives
Saxo Bank

Saxo Bank is a Danish investment bank founded in 1992, providing online trading and investments. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK Financial Conduct Authority (FCA). 

Saxo Bank is a global service provider. In the different regions, its subsidiaries are present in the form of separate legal entities. The services offered by each entity might change slightly especially in case of their fees and products available to trade. In this review, we tested Saxo Bank UK.

Saxo Bank is considered safe because it has a long track record, has a banking background, and is regulated by top-tier financial authorities.

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

Pros Cons
Great trading platform High bond, options and futures fees
Outstanding research High minimum deposit
Broad product portfolio Lacks live chat and 24/7 availability

Find out more

Fees
2.9

Saxo Bank has average trading and non-trading fees overall. The fees for forex, mutual funds and stock index CFDs are low, while they are average for real stocks, ETFs or stock CFDs. Bond, options and futures fees are high.
Pros Cons
Low fund fees Inactivity fee
No withdrawal fee High bond, options and futures fees
Transparent fee structure
Lower fees for Platinum and VIP clients
Hargreaves Lansdown vs. Saxo Bank: Trading fees
Saxo Bank Hargreaves Lansdown
Apple benchmark fee $20.2 $28.9
Vodafone benchmark fee $19.7 $29.2
EURUSD benchmark fee $15.7 -

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

Find out more More

Account opening
2.5

Saxo's account opening is fully digital, user-friendly, and available in most of the world. On the other hand, the minimum deposit is high in certain countries, and account verification can take longer.
Pros Cons
Fully digital Minimum deposit is high in certain countries
User-friendly Slow account verification
Available in almost every country
Hargreaves Lansdown vs. Saxo Bank: Minimum deposit, time to open an account
Saxo Bank Hargreaves Lansdown
Minimum deposit $10,000 $0
Time to open account >3 days 1 day

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

Find out more More

Deposit and withdrawal
4.8

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

Find out more More

Web trading platform
5.0

Saxo Bank's web trading platform is one of the best among online brokers. It's easy to use, but also provides features favored by professionals, such as an advanced order panel.
Pros Cons
User-friendly None
Clear fee report
Two-step (safer) login
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 5.0 stars 3.7 stars
Mobile platform score 5.0 stars 3.9 stars
Desktop platform score 5.0 stars -

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

Find out more

Markets and products
5.0

Saxo Bank's product portfolio is great. It covers all asset classes and a lot of markets globally. Mutual funds and crypto are the only areas where its selection could be improved.
Hargreaves Lansdown vs. Saxo Bank: Markets and products
Saxo Bank Hargreaves Lansdown
Stock Yes Yes
ETF Yes Yes
Forex Yes No
Fund Yes Yes
Bond Yes Yes
Options Yes No
Futures Yes No
CFD Yes No
Crypto Yes No

Find out more More

Verdict

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

Saxo offers a user-friendly and well-designed trading platform, backed by great research. The product portfolio covers all asset types and many international markets.

It has some drawbacks though. The fees for bonds, options and futures are high. There is also a high minimum deposit for certain countries. Lastly, there is no live chat or 24/7 customer support.

In general, Saxo Bank is one of the best online brokerage companies out there. By opening an account, you will get a broad, well-developed service constantly responding to the needs of clients.

Saxo Bank
Summary Saxo Bank is a Danish investment bank. It is regulated by more than 10 financial authorities, including the top-tier UK FCA.
Fees score 2.9 stars
Recommended for Investors and traders looking for a great trading platform and solid research

Find out more More

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 only to carry out transactions
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 of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

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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