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Freetrade vs Hargreaves Lansdown 2023

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is Freetrade better than Hargreaves Lansdown? After scoring the best share dealing accounts across 46 different variables, Freetrade is better than Hargreaves Lansdown. Freetrade's commission-free model allows trading of fractional shares with a user-friendly mobile trading app, and the educational offering is of good quality. Research and range of investments are limited, however, and its online trading platform is still in beta and not available to all customers.

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Overall RatingFreetradeHargreaves Lansdown
Overall Rating 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 5/5 Stars 3/5 Stars
Offering of Investments 2.5/5 Stars 5/5 Stars
Mobile Trading 4/5 Stars 4.5/5 Stars
Platforms & Tools 1/5 Stars 4/5 Stars
Research 2/5 Stars 4.5/5 Stars
Ease of Use 4.5/5 Stars 4/5 Stars
Education 3/5 Stars 4/5 Stars
Review Freetrade Review Hargreaves Lansdown Review
Winner check_circle
InvestmentsFreetradeHargreaves Lansdown
ISA Yes Yes
SIPP Yes Yes
Share Trading Yes Yes
CFD Trading No No
Funds No Yes
ETFs Yes Yes
Bonds - Corporate No Yes
Bonds - Government (Gilts) No Yes
Investment Trusts Yes Yes
Spread Betting No No
Crypto Trading No No
Advisor Services No Yes
Trading FeesFreetradeHargreaves Lansdown
Minimum Deposit £0.0 £1.0
Share Trading: 0-9 Deals/ Month £0 £11.95
Share Trading: 10-19 Deals/ Month £0 £8.95
Share Trading: 20+ Deals/ Month £0 £5.95
5 trades per year (£30k portfolio) N/A £59.75
12 trades per year (£30k portfolio) £0 £143.4
36 trades per year (£30k portfolio) £0 £430.2
120 trades per year (£30k portfolio) £0 £1074
3 fund trades per year (£30k portfolio) N/A £135
Annual Custody Fee: £0 - £250,000 £0 0.45%
Annual Custody Fee: £250K-£500K £0 0.25%
Annual Custody Fee: £500,000 - £1m £0 0.25%
Annual Custody Fee: £1m and over £0 0.10%
Bonds - Corporate - Fee N/A 1% (20-50) or £11.95
Bonds - Government (Gilts) - Fee N/A 1% £20 minimum
ETFs - Fee £0 £11.95
Investment Trusts - Fee £0 £11.95
Telephone Dealing Fee N/A 1% of the trade value, mininmum £20 maximum £50
Platforms & ToolsFreetradeHargreaves Lansdown
Web Platform No Yes
iPhone App Yes Yes
Android App Yes Yes
Stock Alerts No Yes
Charting - Indicators / Studies 0 20
Charting - Drawing Tools 1 1
Charting - Notes No No
Charting - Display Corporate Events No Yes
Charting - Stock Overlays No Yes
Charting - Index Overlays No Yes
ResearchFreetradeHargreaves Lansdown
Research - Shares Yes No
Research - CFDs No No
Research - Funds No Yes
Fund Research - Research Reports No Yes
Research - ETFs Yes Yes
Research - Bonds No Yes
Portfolio Allocation Breakdown No Yes
EducationFreetradeHargreaves Lansdown
Has Education - Share Trading Yes Yes
Has Education - Funds No Yes
Has Education - Retirement Yes Yes
Client Webinars No Yes
Client Webinars (Archived) No No
Overall SummaryFreetradeHargreaves Lansdown
Overall Rating 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 5/5 Stars 3/5 Stars
Offering of Investments 2.5/5 Stars 5/5 Stars
Mobile Trading 4/5 Stars 4.5/5 Stars
Platforms & Tools 1/5 Stars 4/5 Stars
Research 2/5 Stars 4.5/5 Stars
Ease of Use 4.5/5 Stars 4/5 Stars
Education 3/5 Stars 4/5 Stars
Review Freetrade Review Hargreaves Lansdown Review
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Freetrade vs Hargreaves Lansdown Comparison

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

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, Freetrade 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 - Freetrade would cost N/A per year, while Hargreaves Lansdown would cost £59.75 per year.

12 trades per year - Freetrade would cost £0 per year, while Hargreaves Lansdown would cost £143.4 per year.

36 trades per year - Freetrade would cost £0 per year, while Hargreaves Lansdown would cost £430.2 per year.

120 trades per year - Freetrade would cost £0 per year, while Hargreaves Lansdown would cost £1074 per year.

3 fund trades per year - Freetrade would cost N/A per year, while Hargreaves Lansdown would cost £135 per year.

Which broker offers a wider range of investment options?

Freetrade offers investors access to ISA, SIPP, Share Trading, ETFs 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.

Which broker offers better research?

Our testing concluded that Hargreaves Lansdown is better for research than Freetrade. 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 Freetrade and Hargreaves Lansdown, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, Hargreaves Lansdown offers a better share dealing platform and Hargreaves Lansdown offers a better stock app for mobile trading.

Overall winner: Freetrade

Read Next: Best UK Trading Platforms 2022


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