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Hargreaves Lansdown vs Bestinvest 2024

StockBrokers.com

Written by StockBrokers.com

August 06, 2024

In this head to head comparison of Hargreaves Lansdown vs Bestinvest, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.

Hargreaves Lansdown
4.5/5 Stars Overall
  • Minimum Deposit: £1
  • ISA: Yes
  • SIPP: Yes
Bestinvest
4/5 Stars Overall
  • Minimum Deposit: £50
  • ISA: Yes
  • SIPP: Yes

Fees

Alongside the cost per trade, most UK online brokers also charge a monthly, quarterly, or annual management fee, which varies based on the account type and balance. Based on our thorough review, Hargreaves Lansdown offers better pricing than Bestinvest for share dealing.

Assuming a £30,000 portfolio size, here are the total annual costs for share dealing with both brokers, given different monthly activity scenarios.

5 trades per year - Hargreaves Lansdown would cost £59.75 / £104.75 if in ISA. per year, while Bestinvest would cost £144.75 per year.

12 trades per year - Hargreaves Lansdown would cost £143.40 / £188.40 if in ISA. per year, while Bestinvest would cost £119.40 - £179.40 per year.

36 trades per year - Hargreaves Lansdown would cost £430.20 / £475.20 if in ISA. per year, while Bestinvest would cost £238.20 - £357.60 per year.

120 trades per year - Hargreaves Lansdown would cost £1,074 / £1,119 if in ISA. per year, while Bestinvest would cost £654 - £714 per year.

3 fund trades per year - Hargreaves Lansdown would cost £1 per year, while Bestinvest would cost £50 per year.

query_stats What type of trader are you?

New to the world of investing? See our picks for the Best UK Trading Platforms for Beginners. More experienced traders should read our guide to the Best UK Trading Platforms for Active Traders.

Investment Choices

When comparing investment offerings, both Hargreaves Lansdown and Bestinvest provide robust options for share, ETF, and investment trust trading. However, if you're looking to expand into bonds, you'll find that Hargreaves Lansdown covers more ground. It offers trading of both corporate and government bonds, whereas Bestinvest does not include these options in its portfolio. Notably, neither platform supports crypto trading, spread betting, or CFD trading, keeping the focus on more traditional investments.

Investment advisory services are available through both Hargreaves Lansdown and Bestinvest, ensuring expert guidance no matter your choice. In terms of market reputation, Hargreaves Lansdown receives high praise with a 5-star rating from UK.StockBrokers.com, ranking 4th out of 18 brokers for investment choices. Bestinvest, while strong with a 4.5-star rating, lacks a formal ranking position in this category. This nuanced comparison helps potential investors select the broker that aligns best with their investment goals and preferred asset classes.

Feature Hargreaves Lansdown logoHargreaves Lansdown
Bestinvest logoBestinvest
Share Trading info Yes Yes
CFD Trading info No No
ETFs info Yes Yes
Funds info Yes Yes
Bonds - Government (Gilts) info Yes No
Investment Trusts info Yes Yes
Spread Betting info No No
Crypto Trading info No No
Advisor Services info Yes Yes
Investment Choices 5/5 Stars 4.5/5 Stars

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Trading Tools

When comparing the trading tools of Hargreaves Lansdown and Bestinvest, both platforms offer a variety of features for enhancing your trading experience. Hargreaves Lansdown leads in chart visualizations by allowing users to display corporate events such as earnings, splits, and dividends, and it also supports index overlays. It provides 11 drawing tools and 15 technical indicators for in-depth analysis, and offers real-time market data to keep traders updated. Meanwhile, Bestinvest shines with its 36 technical indicators and offers the convenience of adding notes to charts, though it lacks corporate event displays and real-time market data.

Both Hargreaves Lansdown and Bestinvest have browser-based trading platforms and both enable users to create alerts for stock price updates, ensuring traders never miss out on important market movements. Additionally, both platforms allow stock overlays on charts, giving traders flexibility in their analysis. While each platform has its strengths, the choice between them will depend on the specific tools and features you value the most.

Feature Hargreaves Lansdown logoHargreaves Lansdown
Bestinvest logoBestinvest
Web Platform info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 15 36
Charting - Drawing Tools info 11 9
Charting - Notes info No Yes
Charting - Display Corporate Events info Yes No
Charting - Stock Overlays info Yes Yes
Charting - Index Overlays info Yes No

ISAs and SIPPs

Comparing online brokers Hargreaves Lansdown and Bestinvest, both platforms offer attractive options for retirement savings with their ISA and SIPP accounts. Hargreaves Lansdown provides a robust range of investment options within ISA accounts, making it a solid choice for those seeking a tax-efficient way to save for the future. Similarly, Bestinvest offers ISA accounts designed for flexibility and potential growth. When it comes to Self-Invested Personal Pension (SIPP) accounts, both brokers allow investors to manage their own retirement investments with ease. Hargreaves Lansdown is known for its comprehensive tools and educational resources for managing SIPP accounts, whereas Bestinvest stands out with its personalized investment advice and planning support. Ultimately, both Hargreaves Lansdown and Bestinvest provide competitive retirement account offerings, catering to different investment needs and preferences.

Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.

Mobile App

Both Hargreaves Lansdown and Bestinvest offer mobile applications for iPhone and Android users, making them accessible for investors on the go. However, when it comes to user experience and satisfaction, Hargreaves Lansdown stands out with a higher rating of 4.5 stars from UK.StockBrokers.com, compared to Bestinvest’s 3.5 stars. This distinction is further highlighted by Hargreaves Lansdown's impressive ranking as the 4th out of 18 brokers for mobile apps, whereas Bestinvest is not ranked. Whether you’re looking for smooth navigation or comprehensive features, Hargreaves Lansdown appears to provide a superior mobile trading experience.

Dive deeper: Best Stock Trading Apps UK.

Beginners and Education

Hargreaves Lansdown and Bestinvest both provide robust educational resources for beginner investors, offering webinars and learning materials on key topics such as share trading, funds, and retirement planning. While both brokers host educational webinars, only Bestinvest provides archived versions for on-demand viewing, enhancing accessibility for new investors. Rated 5 stars by UK.StockBrokers.com for their beginner education resources, Hargreaves Lansdown is ranked #4 out of 18 brokers, underscoring their commitment to financial education. Conversely, Bestinvest also receives high ratings, but specific ranking details were not noted. Both platforms serve as strong educational foundations for novice investors looking to expand their financial knowledge.

Feature Hargreaves Lansdown logoHargreaves Lansdown
Bestinvest logoBestinvest
Client Webinars info Yes Yes
Client Webinars (Archived) info No Yes
Education (Share Trading) info Yes Yes
Education (Funds) info Yes Yes
Education (Retirement) info Yes Yes
Education 5/5 Stars 5/5 Stars

Dive deeper: Best UK Trading Platforms for Beginners.

Market Research

When it comes to market research features, both Hargreaves Lansdown and Bestinvest offer comprehensive resources for investors. They both provide research reports for funds and the capability to view portfolio allocation by asset class, making it easy for users to manage and assess their investments. Additionally, both brokers offer research for shares, ETFs, and funds, though neither provides research for CFDs. A key difference lies in their bonds research offerings: Hargreaves Lansdown provides bonds research, while Bestinvest does not, giving Hargreaves Lansdown a slight edge for investors focused on bonds.

Feature Hargreaves Lansdown logoHargreaves Lansdown
Bestinvest logoBestinvest
Research - Shares info Yes Yes
Research - CFDs info No No
Research - ETFs info Yes Yes
Research - Bonds info Yes No
Research - Funds info Yes Yes
Fund Research - Research Reports info Yes Yes
Portfolio Allocation Breakdown info Yes Yes

Hargreaves Lansdown vs Bestinvest Winner

Which broker is better overall, Hargreaves Lansdown or Bestinvest? After collecting more than 900 data points over a 10-week period, we found Hargreaves Lansdown to be a better trading platform overall.

As the U.K.’s biggest investment platform for individual investors, Hargreaves Lansdown offers a wide range of investment choices for either beginners or seasoned investors. However, its fees are generally more expensive than rival brokers, which can become an issue for large investment pots.

Feature Hargreaves Lansdown logoHargreaves Lansdown
Bestinvest logoBestinvest
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 4.5/5 Stars 4.5/5 Stars
Investment Choices 5/5 Stars 4.5/5 Stars
Mobile App 4.5/5 Stars 3.5/5 Stars
Website 5/5 Stars 4/5 Stars
Ease of Use 4.5/5 Stars 4/5 Stars
Education 5/5 Stars 5/5 Stars

FAQs

Can you trade cryptocurrency with Hargreaves Lansdown or Bestinvest?

Neither Hargreaves Lansdown nor Bestinvest offer crypto trading, directing users to explore alternative platforms for cryptocurrency investments.

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Compare

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Overall Rating Hargreaves Lansdown Bestinvest
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 4.5/5 Stars 4.5/5 Stars
Investment Choices 5/5 Stars 4.5/5 Stars
Mobile App 4.5/5 Stars 3.5/5 Stars
Website 5/5 Stars 4/5 Stars
Ease of Use 4.5/5 Stars 4/5 Stars
Education 5/5 Stars 5/5 Stars
Review Hargreaves Lansdown Review Bestinvest Review
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Investments Hargreaves Lansdown Bestinvest
ISA info Yes Yes
SIPP info Yes Yes
Share Trading info Yes Yes
CFD Trading info No No
Funds info Yes Yes
ETFs info Yes Yes
Bonds - Corporate info Yes No
Bonds - Government (Gilts) info Yes No
Investment Trusts info Yes Yes
Spread Betting info No No
Crypto Trading info No No
Advisor Services info Yes Yes
Trading Fees Hargreaves Lansdown Bestinvest
Minimum Deposit info £1 £50
Share Trading: 0-9 Deals/ Month info £11.95 £0 - £4.95
Share Trading: 10-19 Deals/ Month info £8.95 £0 - £4.95
Share Trading: 20+ Deals/ Month info £5.95 £0 - £4.95
5 trades per year (£30k portfolio) info £59.75 / £104.75 if in ISA. £144.75
12 trades per year (£30k portfolio) info £143.40 / £188.40 if in ISA. £119.40 - £179.40
36 trades per year (£30k portfolio) info £430.20 / £475.20 if in ISA. £238.20 - £357.60
120 trades per year (£30k portfolio) info £1,074 / £1,119 if in ISA. £654 - £714
3 fund trades per year (£30k portfolio) info £135 £60 or £120
Annual Custody Fee: £0 - £250,000 info Up to £1,125 Up to £500 or £1,000
Annual Custody Fee: £250K-£500K info Up to £625 £500 - £1,000
Annual Custody Fee: £500,000 - £1m info Up to £1,250 £100 - £1,000
Annual Custody Fee: £1m and over info Up to £1,000 £0
Bonds - Corporate - Fee info £20 - £50 £4.95
Bonds - Government (Gilts) - Fee info £20 - £50 £4.95
ETFs - Fee info £5.95 - £11.95 £4.95
Investment Trusts - Fee info £5.95 - £11.95 £4.95
Telephone Dealing Fee info £20 - £50 info £30
Broker Screenshots Hargreaves Lansdown Bestinvest
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Platforms & Tools Hargreaves Lansdown Bestinvest
Web Platform info Yes Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 15 36
Charting - Drawing Tools info 11 9
Charting - Notes info No Yes
Charting - Display Corporate Events info Yes No
Charting - Stock Overlays info Yes Yes
Charting - Index Overlays info Yes No
Research Hargreaves Lansdown Bestinvest
Research - Shares info Yes Yes
Research - CFDs info No No
Research - Funds info Yes Yes
Fund Research - Research Reports info Yes Yes
Research - ETFs info Yes Yes
Research - Bonds info Yes No
Portfolio Allocation Breakdown info Yes Yes
Education Hargreaves Lansdown Bestinvest
Education (Share Trading) info Yes Yes
Education (Funds) info Yes Yes
Education (Retirement) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info No Yes
Overall Summary Hargreaves Lansdown Bestinvest
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 4.5/5 Stars 4.5/5 Stars
Investment Choices 5/5 Stars 4.5/5 Stars
Mobile App 4.5/5 Stars 3.5/5 Stars
Website 5/5 Stars 4/5 Stars
Ease of Use 4.5/5 Stars 4/5 Stars
Education 5/5 Stars 5/5 Stars
Review Hargreaves Lansdown Review Bestinvest Review
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