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Freetrade vs Hargreaves Lansdown 2021

Your capital is at risk.
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 there is no online trading platform.


Overall Rating

Feature Freetrade Hargreaves Lansdown
Overall 4 4
Commissions & Fees 5 2.5
Offering of Investments 2.5 5
Platform & Tools 1 4
Research 2 4.5
Education 0 3.5
Freetrade Review Hargreaves Lansdown Review
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Trading Fees

Feature Freetrade Hargreaves Lansdown
Minimum Deposit
£0.00 £0.00
Share Trading: 0-9 Deals/ Month
£0.00 £11.95
Share Trading: 10-19 Deals/ Month
£0.00 £8.95
Share Trading: 20+ Deals/ Month
£0.00 £5.95
Annual Custody Fee: £0 - £250,000
£0.00 0.45%
Bonds - Government (Gilts) - Fee
N/A 1% £20 minimum
ETFs - Fee
£0.00 £11.95
Investment Trusts - Fee
£0.00 £11.95
Telephone Dealing Fee
N/A 1% £20 minimum

Platforms & Tools

Feature Freetrade Hargreaves Lansdown
Desktop Platform (Windows)
No No
Web Platform
No Yes
iPhone App
Yes Yes
Android App
Yes Yes
Stock Alerts
No Yes
Charting - Indicators / Studies
20
Charting - Drawing Tools
1 1
Charting - Notes
No No
Charting - Display Corporate Events
No Yes
Charting - Stock Overlays
No Yes

Research

Feature Freetrade Hargreaves 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

Investments

Feature Freetrade Hargreaves Lansdown
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
Advisor Services
No Yes

Education

Feature Freetrade Hargreaves 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

Feature Freetrade Hargreaves Lansdown
Overall 4 4
Commissions & Fees 5 2.5
Offering of Investments 2.5 5
Platform & Tools 1 4
Research 2 4.5
Education 0 3.5
Freetrade Review Hargreaves Lansdown Review
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For our 2021 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.

1 Trade Per Month - Freetrade is cheaper. Freetrade would only cost £0 each year while Hargreaves Lansdown would cost £143.40.

3 Trades Per Month - Freetrade is less expensive under this scenario. Freetrade would cost £0 per year while Hargreaves Lansdown would cost £430.20.

10 Trades Per Month - Freetrade is the better choice. Annual fees with Freetrade would total £0, while annual fees with Hargreaves Lansdown would be £1074.

20 Trades Per Month - Freetrade costs less in this scenario. Total annual costs with Freetrade would equal £0, while Hargreaves Lansdown would equal £135.

Which broker offers a wider range of investment options?

Hargreaves Lansdown offers a more diverse selection of investment options than Freetrade. Hargreaves Lansdown offers investors access to Advisor Services, ETFs, Funds, ISA, SIPP, Share Trading and Bonds - Government (Gilts). Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Which platform 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 trading tools and share dealing app. All features compared, Hargreaves Lansdown offers a better share dealing platform.

Overall winner: Freetrade

Read Next: Best UK Trading Platforms 2021


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All pricing data was obtained from a published web site as of 10/22/2021 and is believed to be accurate, but is not guaranteed. The StockBrokers.com UK staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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