Is Hargreaves Lansdown free?

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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Hargreaves Lansdown fees
Overview of Hargreaves Lansdown fees and charges

When it comes to brokerage fees, Hargreaves Lansdown is a mixed bag. To see how they may affect you, first you need to figure out your approach to trading - i.e. whether you are more of a buy-and-hold investor or if you want to trade frequently; or what type of assets and in what volumes you'll want to trade. Alternatively, use our questionnaire to help you tell whether Hargreaves Lansdown fees are beneficial for you. Continue reading about Hargreaves Lansdown fees and charges to see if this is the right broker for you, or if a similar broker like Charles Stanley Direct or Interactive Investor might suit you better.

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

Hargreaves Lansdown Fees snapshot
Assets Fee level Fee terms
US stock fee High 0-9 trades: £11.95 per trade; 10-19 trades: £8.95 per trade, 20+ trades: £5.95 per trade
EURUSD fee - Not available
US mutual fund fees Low £0 - £250k 0.45% of trade value per year, £250k - £1m 0.25% of trade value per year, £1m - £2m 0.10% of trade value per year, £2m+ it's free
Inactivity fee Low No inactivity fee

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Hargreaves Lansdown fees
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, Charles Stanley Direct and Interactive Investor.

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Hargreaves Lansdown fees
Hargreaves Lansdown trading fees

Hargreaves Lansdown's trading fees are mixed, which means that some asset classes come with high trading fees - be sure to check these carefully.

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

Trading fees

Hargreaves Lansdown's trading fees are average.

Stock fees and ETF fees

Hargreaves Lansdown has average stock trading fees.

Stock fees of a $2,000 trade
Hargreaves Lansdown Charles Stanley Direct Interactive Investor
US stock $16.7 - $11.2
UK stock $16.7 $16.1 $11.2
German stock $16.7 - $28.0

Fund fees

Hargreaves Lansdown fund fees are low.

Fees of a $2,000 fund purchase
Hargreaves Lansdown Charles Stanley Direct Interactive Investor
Mutual fund $0.0 $0.0 $11.2
EU mutual fund $0.0 $0.0 $9.6

Bond fees

Hargreaves Lansdown has low bond fees.

Fees of a $10,000 bond trade
Hargreaves Lansdown Charles Stanley Direct Interactive Investor
US Treasury bond - - -
EU government bond $16.7 - $11.2

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Hargreaves Lansdown fees
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
Hargreaves Lansdown Charles Stanley Direct Interactive Investor
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee No No No
Account fee No No Yes

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Hargreaves Lansdown fees
Hargreaves Lansdown deposit fee

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

Hargreaves Lansdown deposit methods
Hargreaves Lansdown Charles Stanley Direct Interactive Investor
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets No No No
Deposit fee $0 $0 $0

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Hargreaves Lansdown fees
Hargreaves Lansdown withdrawal fee

Hargreaves Lansdown generally doesn't charge a withdrawal fee.

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

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Hargreaves Lansdown fees
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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Author of this article

Ádám Nasli

Author of this article

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Ádám Nasli

Broker Expert

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

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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