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 Barclays 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. Both Barclays and Hargreaves Lansdown are rated 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 Barclays supports ISA, SIPP, SIPP - Junior and Spread Betting. 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. Hargreaves Lansdown trails Barclays by 13 total charting tools, with Barclays offering 14 and Hargreaves Lansdown offering 1. Hargreaves Lansdown trails Barclays by 132 total different indicators (for example, moving averages), with Barclays offering 152 and Hargreaves Lansdown offering 20. Barclays and Hargreaves Lansdown both offer basic stock alerts. Finally, for researching funds while share dealing, having access to mutual fund research reports is also helpful. Hargreaves Lansdown makes fund research reports available to clients, while Barclays does not.
Overall, between Barclays and Hargreaves Lansdown, Barclays is the winner
Hargreaves Lansdown Review