After seven months and hundreds of hours of researching 12 different share dealing brokers
, the UK.StockBrokers.com team collected thousands of data points. To focus on two brokers, we will now compare Alliance Trust Savings vs Hargreaves Lansdown.
First, we will compare the fees charged for dealing in the UK. There are two primary fees: the cost to place each trade and the monthly, quarterly, or annual management fee charged which varies depending on the type and size of your portfolio. We researched both to provide a single star rating for cost. Alliance Trust Savings's score is 4.00 stars versus Hargreaves Lansdown's 3.50 stars.
Cost aside, we can now compare popular features and tools investors prefer. Access to the investments you want is important, and Hargreaves Lansdown supports ISA, ISA - Junior, SIPP, SIPP - Junior and Spread Betting while Alliance Trust Savings supports ISA, ISA - Junior, SIPP and SIPP - Junior. Next, some traders desire robust charting, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. Both brokers offer clients access to the same number of charting tools, 1. Hargreaves Lansdown boasts an offering of 20 different indicators (for example, moving averages) compared to Alliance Trust Savings's 10 available indicators. Hargreaves Lansdown makes basic stock alerts available to clients, while Alliance Trust Savings does not. Finally, for researching funds while share dealing, having access to mutual fund research reports is also helpful. Both Alliance Trust Savings and Hargreaves Lansdown offer fund research reports.
Overall, between Alliance Trust Savings and Hargreaves Lansdown, Hargreaves Lansdown is the winner
Alliance Trust Savings Review
Hargreaves Lansdown Review