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Non-trading fees at Hargreaves Lansdown

Your expert
Adam N.
Fact checked by
Updated
Jan 2024
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Hargreaves Lansdown non-trading fees as of January 2024

My key findings in a nutshell
Adam
Adam Nasli
Financial Wizard | Trading • Safety • Market Analysis

I've thoroughly tested Hargreaves Lansdown services with our analyst team by opening a real-money account and these are my most important findings:

  • Non-trading fees at Hargreaves Lansdown are considered to be low overall
  • Apart from trading fees, online brokerages usually charge non-trading fees as well
  • Inactivity and custody fees are the most important non-trading fees for long-term stock investors

You can find all the non-trading fees charged by Hargreaves Lansdown in the table below.

Hargreaves Lansdown non-trading fees
Non-trading fee category Fee amount
Inactivity fee No inactivity fee
Custody fee No custody fee
Conversion fee first £5,000: 1.00%; next £5,000: 0.75%; next £10,000: 0.50%; over £20,000: 0.25%
Account fee No account fee for Fund & Share account, but there is an account fee for SIPP and ISA accounts.
Withdrawal fee Free withdrawal
Deposit fee Free deposit

Data updated on January 26, 2024

At BrokerChooser, we only publish objective analyses based on live testing. Every recommendation is unbiased and based on first-hand experience: we open a live account anonymously at each broker, deposit real money and test every important feature.

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What are non-trading fees and when are they charged?

Brokerage services are rarely completely free, and what you pay your broker can make a big difference in your investment results. Trading fees - such as the commission on a simple stock trade - are usually fairly straightforward, but there may be other fees lurking in the background. If you're a long-term stock investor, the following so-called non-trading fees are worth your attention:

  • Inactivity fees are charged by some brokers if you don't use your account for an extended period; it's typically only a few dollars per month but can be higher sometimes
  • Some brokers charge a custody fee for the safekeeping of your stock, ETF or bond investments; this is usually a very small percentage of the value of your current holdings

Other non-trading fees you may encounter include conversion fees (if your account and the stock you're buying are in a different currency), and withdrawal fees (for taking money out of your brokerage account). Thankfully, the vast majority of brokers no longer charge deposit fees (for putting money in your account) or account fees (just for maintaining your account).

To read more about possible expenses you may face as a long-term investor, check out our summary of the most common brokerage fees.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

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Further reading

Author of this article

Adam Nasli

Financial Wizard | Trading • Safety • Market Analysis

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.

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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