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DEGIRO vs Hargreaves Lansdown 2023

StockBrokers.com

Written by StockBrokers.com

August 03, 2023

Is DEGIRO better than Hargreaves Lansdown? After scoring the best share dealing accounts across 46 different variables, our analysis finds that DEGIRO is better than Hargreaves Lansdown. Despite a subpar trading platform, DEGIRO offers cheap stock trading, charging only £1.75 + a £1 handling fee per trade, with a maximum charge of £5. Fees for trading funds, however, are more costly. DEGIRO lags competitors in fundamental research and education, and does not offer ISA or SIPP accounts.

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Compare

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Overall Rating DEGIRO Hargreaves Lansdown
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 3/5 Stars
Offering of Investments 3.5/5 Stars 5/5 Stars
Mobile Trading 3.5/5 Stars 4.5/5 Stars
Platforms & Tools 3/5 Stars 4/5 Stars
Research 2.5/5 Stars 4.5/5 Stars
Ease of Use 3.5/5 Stars 4/5 Stars
Education 3/5 Stars 4/5 Stars
Review DEGIRO Review Hargreaves Lansdown Review
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Investments DEGIRO Hargreaves Lansdown
ISA info No Yes
SIPP info No Yes
Share Trading info Yes Yes
CFD Trading info No No
Funds info Yes Yes
ETFs info Yes Yes
Bonds - Corporate info Yes Yes
Bonds - Government (Gilts) info Yes Yes
Investment Trusts info Yes Yes
Spread Betting info No No
Crypto Trading info No No
Advisor Services info No Yes
Trading Fees DEGIRO Hargreaves Lansdown
Minimum Deposit info £0.0 £1.0
Share Trading: 0-9 Deals/ Month info £1.75 + £1 handling fee £11.95
Share Trading: 10-19 Deals/ Month info £1.75 + £1 handling fee £8.95
Share Trading: 20+ Deals/ Month info £1.75 + £1 handling fee £5.95
5 trades per year (£30k portfolio) info £13.75 £59.75
12 trades per year (£30k portfolio) info £33 £143.4
36 trades per year (£30k portfolio) info £99 £430.2
120 trades per year (£30k portfolio) info £330 £1074
3 fund trades per year (£30k portfolio) info £67.5 £135
Annual Custody Fee: £0 - £250,000 info 0.20% 0.45%
Annual Custody Fee: £250K-£500K info 0.20% 0.25%
Annual Custody Fee: £500,000 - £1m info 0.20% 0.25%
Annual Custody Fee: £1m and over info 0.20% 0.10%
Bonds - Corporate - Fee info € 2.00 + €1 handling fee 1% (20-50) or £11.95
Bonds - Government (Gilts) - Fee info € 2.00 + 0.06% (most of EU), € 5.00 + 0.05% (Germany) 1% £20 minimum
ETFs - Fee info €2 + 0.03% £11.95
Investment Trusts - Fee info € 2.00 + €1 handling fee £11.95
Telephone Dealing Fee info £8.50 surcharge £1.75 + £1 handling fee 1% of the trade value, mininmum £20 maximum £50
Platforms & Tools DEGIRO Hargreaves Lansdown
Web Platform info Yes Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info No Yes
Charting - Indicators / Studies info 13 20
Charting - Drawing Tools info 9 1
Charting - Notes info Yes No
Charting - Display Corporate Events info Yes Yes
Charting - Stock Overlays info Yes Yes
Charting - Index Overlays info Yes Yes
Research DEGIRO Hargreaves Lansdown
Research - Shares info Yes No
Research - CFDs info No No
Research - Funds info Yes Yes
Fund Research - Research Reports info No Yes
Research - ETFs info No Yes
Research - Bonds info No Yes
Portfolio Allocation Breakdown info No Yes
Education DEGIRO Hargreaves Lansdown
Education (Share Trading) info Yes Yes
Education (Funds) info No Yes
Education (Retirement) info No Yes
Client Webinars info No Yes
Client Webinars (Archived) info No No
Overall Summary DEGIRO Hargreaves Lansdown
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 3/5 Stars
Offering of Investments 3.5/5 Stars 5/5 Stars
Mobile Trading 3.5/5 Stars 4.5/5 Stars
Platforms & Tools 3/5 Stars 4/5 Stars
Research 2.5/5 Stars 4.5/5 Stars
Ease of Use 3.5/5 Stars 4/5 Stars
Education 3/5 Stars 4/5 Stars
Review DEGIRO Review Hargreaves Lansdown Review
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Comparing online share dealing platforms side by side is no small task. For our 2022 review of U.K. brokers, nearly 600 data points were collected over a 10-week period and used to score each broker. Let’s compare DEGIRO and Hargreaves Lansdown.

DEGIRO vs Hargreaves Lansdown Comparison

For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare DEGIRO vs Hargreaves Lansdown.

Is DEGIRO a good broker?

Despite a subpar trading platform, DEGIRO offers cheap stock trading, charging only £1.75 + a £1 handling fee per trade, with a maximum charge of £5. Fees for trading funds, however, are more costly. DEGIRO lags competitors in fundamental research and education, and does not offer ISA or SIPP accounts.

Is Hargreaves Lansdown a good broker?

Hargreaves Lansdown has a wide range of sophisticated research accompanied by a comprehensive selection of investment options and a user-friendly mobile app. However, pricing is expensive, the charting tools are average and educational resources are only in line with industry standards.

Which broker is less expensive?

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, DEGIRO offers better pricing than Hargreaves Lansdown 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 - DEGIRO would cost £13.75 per year, while Hargreaves Lansdown would cost £59.75 per year.

12 trades per year - DEGIRO would cost £33 per year, while Hargreaves Lansdown would cost £143.4 per year.

36 trades per year - DEGIRO would cost £99 per year, while Hargreaves Lansdown would cost £430.2 per year.

120 trades per year - DEGIRO would cost £330 per year, while Hargreaves Lansdown would cost £1074 per year.

3 fund trades per year - DEGIRO would cost £0.0 per year, while Hargreaves Lansdown would cost £1.0 per year.

How do DEGIRO and Hargreaves Lansdown compare in terms of minimum deposits required?

DEGIRO requires a minimum deposit of £0.0, while Hargreaves Lansdown requires a minimum deposit of £1.0. From our testing we found for accounts between £0 - £250,000 DEGIRO charges annual custody fees of 0.20%, while Hargreaves Lansdown charges annual custody fees of 0.45%.

Which broker offers a wider range of investment options?

DEGIRO offers investors access to Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts, while Hargreaves Lansdown offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts and Advisor Services. Neither have CFD Trading, Spread Betting and Crypto Trading. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Do DEGIRO and Hargreaves Lansdown offer ISA or SIPP accounts?

Self-invested personal pensions (SIPPs) and individual savings accounts (ISAs) are tax-advantaged savings accounts that are an important tool for many individual investors. You can read more about how these accounts operate at Gov.UK: Click here for SIPP information and here for ISA information. Our analysis finds that DEGIRO offers traders access to neither of these accounts, while Hargreaves Lansdown offers traders access to SIPP and ISA accounts.

Do DEGIRO and Hargreaves Lansdown offer cryptocurrency?

In our analysis of top brokers for share dealing in the U.K., we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum, which is still a somewhat rare offering amongst major U.K. brokers. Our review finds that neither DEGIRO and Hargreaves Lansdown offer crypto investing.

Which broker offers better research?

Our testing concluded that Hargreaves Lansdown is better for research than DEGIRO. Hargreaves Lansdown offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better?

To compare the trading platforms of both DEGIRO and Hargreaves Lansdown, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, our analysis finds that Hargreaves Lansdown offers a better share dealing platform and Hargreaves Lansdown offers a better stock app for mobile trading.

Do DEGIRO and Hargreaves Lansdown offer educational resources?

Educational offerings are of particular importance to those who are newer to investing, and we examine the availability of several different types of educational materials in our analysis. Our research finds that DEGIRO offers traders access to Education (Share Trading), while Hargreaves Lansdown offers access to Client Webinars, Education (Share Trading), Education (Funds) and Education (Retirement). Neither have Client Webinars (Archived).

Overall winner: DEGIRO

Read Next: Best UK Trading Platforms 2022


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