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Hargreaves Lansdown vs Halifax 2024

StockBrokers.com

Written by StockBrokers.com

February 01, 2024

Is Hargreaves Lansdown better than Halifax? After scoring the best share dealing accounts across 46 different variables, our analysis finds that Hargreaves Lansdown is better than Halifax. 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.

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Overall Rating Hargreaves Lansdown Halifax
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 4/5 Stars 4/5 Stars
Investment Choices 5/5 Stars 4.5/5 Stars
Mobile App 4.5/5 Stars 3.5/5 Stars
Website 4.5/5 Stars 4/5 Stars
Ease of Use 4.5/5 Stars 4/5 Stars
Education 5/5 Stars 3.5/5 Stars
Review Hargreaves Lansdown Review Halifax Review
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Investments Hargreaves Lansdown Halifax
ISA info Yes Yes
SIPP info Yes Yes
Share Trading info Yes No
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 Yes No
Trading Fees Hargreaves Lansdown Halifax
Minimum Deposit info £1.0 £0.0
Share Trading: 0-9 Deals/ Month info £11.95 £9.50 - £85.50
Share Trading: 10-19 Deals/ Month info £8.95 £95 - £180.50
Share Trading: 20+ Deals/ Month info £5.95 £190+
5 trades per year (£30k portfolio) info £59.75 £36 - £83.50
12 trades per year (£30k portfolio) info £143.4 £36 - £150
36 trades per year (£30k portfolio) info £430.2 £36 - £450
120 trades per year (£30k portfolio) info £1074 £36 - £1,176
3 fund trades per year (£30k portfolio) info £135 £36 - £64.50
Annual Custody Fee: £0 - £250,000 info Up to £1,125 £36
Annual Custody Fee: £250K-£500K info Up to £625 £36
Annual Custody Fee: £500,000 - £1m info Up to £1,250 £36
Annual Custody Fee: £1m and over info Up to £1,000 £36
Bonds - Corporate - Fee info £20 - £50 £9.5
Bonds - Government (Gilts) - Fee info £20 - £50 £9.5
ETFs - Fee info £5.95 - £11.95 £9.5
Investment Trusts - Fee info £5.95 - £11.95 £9.5
Telephone Dealing Fee info £20 - £50 £25
Broker Screenshots Hargreaves Lansdown Halifax
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Platforms & Tools Hargreaves Lansdown Halifax
Web Platform info Yes Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes No
Charting - Indicators / Studies info 15 0
Charting - Drawing Tools info 0 0
Charting - Notes info No No
Charting - Display Corporate Events info Yes No
Charting - Stock Overlays info Yes No
Charting - Index Overlays info Yes No
Research Hargreaves Lansdown Halifax
Research - Shares info Yes Yes
Research - CFDs info No No
Research - Funds info Yes Yes
Fund Research - Research Reports info Yes No
Research - ETFs info Yes Yes
Research - Bonds info Yes Yes
Portfolio Allocation Breakdown info Yes No
Education Hargreaves Lansdown Halifax
Education (Share Trading) info Yes No
Education (Funds) info Yes No
Education (Retirement) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info No No
Overall Summary Hargreaves Lansdown Halifax
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 4/5 Stars 4/5 Stars
Investment Choices 5/5 Stars 4.5/5 Stars
Mobile App 4.5/5 Stars 3.5/5 Stars
Website 4.5/5 Stars 4/5 Stars
Ease of Use 4.5/5 Stars 4/5 Stars
Education 5/5 Stars 3.5/5 Stars
Review Hargreaves Lansdown Review Halifax Review
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Comparing online share dealing platforms side by side is no small task. For our 2024 review of U.K. brokers, more than 900 data points were collected over a 10-week period and used to score each broker. Let’s compare Hargreaves Lansdown and Halifax.

Hargreaves Lansdown vs Halifax Comparison

For our 2024 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Hargreaves Lansdown vs Halifax.

Is Hargreaves Lansdown a good broker?

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.

Is Halifax a good broker?

If you are already a Halifax bank customer, it may be worth signing up to Halifax online share dealing for simplicity. The charges are in line with some other brokers, but more expensive than others. If you have a large investment portfolio you may benefit from the low annual management fee of £36. If you are new to Halifax, there may be a better platform for you that is cheaper and easier to open.

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, Halifax 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 - Hargreaves Lansdown would cost £59.75 per year, while Halifax would cost £36 - £83.50 per year.

12 trades per year - Hargreaves Lansdown would cost £143.4 per year, while Halifax would cost £36 - £150 per year.

36 trades per year - Hargreaves Lansdown would cost £430.2 per year, while Halifax would cost £36 - £450 per year.

120 trades per year - Hargreaves Lansdown would cost £1074 per year, while Halifax would cost £36 - £1,176 per year.

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

query_stats What type of trader are you?

Our guides can help you choose the right broker for you and the way you trade: whether you consider yourself an investing beginner, a more experienced active trader, or a mobile-first trading enthusiast.

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

Hargreaves Lansdown requires a minimum deposit of £1.0, while Halifax requires a minimum deposit of £0.0. From our testing we found for accounts between £0 - £250,000 Hargreaves Lansdown charges annual custody fees of Up to £1,125, while Halifax charges annual custody fees of £36.

Which broker offers a wider range of investment options?

Hargreaves Lansdown offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts and Advisor Services, while Halifax offers investors access to ISA, SIPP, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts. 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 Hargreaves Lansdown and Halifax 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 Both Hargreaves Lansdown and Halifax offer SIPP and ISA accounts.

Do Hargreaves Lansdown and Halifax 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 Hargreaves Lansdown nor Halifax offer crypto investing.

Which broker offers a better website experience?

Our testing concluded that the website of Hargreaves Lansdown is better than the website of Halifax. Hargreaves Lansdown offers more functionality, is cleanly designed, and is, overall, easier to use for beginners and casual investors.

Which stock trading app is better?

To compare the trading platforms of both Hargreaves Lansdown and Halifax, we tested each broker's stock trading app. All features compared, our analysis finds that Hargreaves Lansdown offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.

Do Hargreaves Lansdown and Halifax 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 Hargreaves Lansdown offers traders access to Client Webinars, Education (Share Trading), Education (Funds) and Education (Retirement), while Halifax offers access to neither of these. Neither have Client Webinars (Archived).

Overall winner: Hargreaves Lansdown

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