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Is Hargreaves Lansdown free?

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Adam N.
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Is Hargreaves Lansdown free as of May 2024?

Hargreaves Lansdown does charge a commission for real stock trading on US markets, so in this sense it is not a free-to-trade broker. However, it might still be a reasonable choice for some of you, as there are many other aspects other than commissions that are important when you choose a broker. If you wish to stick with Hargreaves Lansdown though, then you will find the fees they charge below. Alternatively, you could check our article detailing the best zero commission brokers and how their apps scored in our test.

We should note that the payment-for-order-flow model, which is used by some zero-commission brokers to generate income (rather than relying on commissions), could potentially create a conflict of interest between you and your broker. This could result in trade execution (like routing your orders to specific market makers) that might be unfavorable for you under certain market conditions, especially when using market orders (as opposed to limit orders, which seem to be less affected).

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Stock Fee Calculator

Confused about fees? Use this tool to see what the commission fee of a specific stock trade would be at Hargreaves Lansdown. To check and compare fees at other brokers, go to our main Fee calculator page.

Before doing so, check out our Privacy Policy and our General Terms and Conditions.

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BrokerChooser score
4.2 4.2 /5
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Overview of Hargreaves Lansdown fees and charges

Hargreaves Lansdown's fees are considered high. This is because of high fees across multiple fee types. It's important to be aware of this and to decide whether other advantages of Hargreaves Lansdown can still make it a good choice for you. Such features may include its research tools, education section or the general user experience you get on its trading platforms.

Here's a high-level overview of Hargreaves Lansdown's fees

Hargreaves Lansdown Fees snapshot
Assets Fee level Fee terms
US stock fee High 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
EURUSD fee - FX not available
US mutual fund fees Low Tiered annual fee based on volume held. On first £250k, the fee is 0.45%, on the value between £250k-£1m it is 0.25%, on the value between £1m-£2m it is 0.10%, and there is no charge on the value above £2m.
Inactivity fee Low No inactivity fee

The fees were collected on 7 Dec 2023, but the actual rates are subject to change. To see current rates, check Hargreaves Lansdown's website.

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Hargreaves Lansdown fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
    • A commission is either fixed or based on the traded volume.
    • A spread is the difference between the buy price and the sell price.
    • A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

We compare Hargreaves Lansdown fees with its closest competitors, Interactive Investor and AJ Bell Youinvest.

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Hargreaves Lansdown trading fees

We consider Hargreaves Lansdown's trading fees high, as they exceed those of most competitors.

Let's break down trading fees according to the different asset classes available at Hargreaves Lansdown.

Trading fees

Hargreaves Lansdown's trading fees are high.

Stock fees and ETF fees

Hargreaves Lansdown has high stock trading fees.

Stock fees of a $2,000 trade
US stock
$14.9
$5.0
$12.4
UK stock
$14.9
$5.0
$12.4
German stock
$14.9
$12.5
$12.4

Data updated on May 27, 2024

Fund fees

Hargreaves Lansdown fund fees are low.

Fees of a $2,000 fund purchase
Mutual fund
$0.0
$5.0
$1.9
EU mutual fund
$0.0
$9.6
$1.8

Data updated on May 27, 2024

Bond fees

Hargreaves Lansdown has low bond fees.

Fees of a $10,000 bond trade
US Treasury bond
-
-
-
EU/UK government bond
$14.9
$5.0
$12.4

Data updated on May 27, 2024

Currency conversion fee

Hargreaves Lansdown will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: first £5,000: 1.00%; next £5,000: 0.75%; next £10,000: 0.50%; over £20,000: 0.25%.

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Hargreaves Lansdown non-trading fees

When it comes to non-trading fees, Hargreaves Lansdown is a rather cheap broker.

Non-trading fees include various brokerage fees and charges at Hargreaves Lansdown that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

A high-level overview of how Hargreaves Lansdown stacks up in terms of non-trading fees
Withdrawal fee
$0
$0
$0
Deposit fee
$0
$0
$0
Inactivity fee
No
No
No
Account fee
No
Yes
No

Data updated on May 27, 2024

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BrokerChooser score
4.2 4.2 /5
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Hargreaves Lansdown deposit fee

Usually, brokers don't charge anything for deposits, and Hargreaves Lansdown is no different.

Hargreaves Lansdown deposit methods
Bank transfer
Yes Yes Yes
Credit/debit card
Yes Yes Yes
Electronic wallets
No No No
Deposit fee
$0
$0
$0

Data updated on May 27, 2024

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Hargreaves Lansdown withdrawal fee

Hargreaves Lansdown generally doesn't charge a withdrawal fee.

Hargreaves Lansdown withdrawal fees and options compared
Bank transfer
Yes Yes Yes
Credit/debit card
Yes Yes Yes
Electronic wallets
No No No
Withdrawal fee for bank transfer
$0
$0
$0

Data updated on May 27, 2024

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Hargreaves Lansdown inactivity fee

Hargreaves Lansdown does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).

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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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Adam Nasli
Author of this article
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.
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