Hargreaves Lansdown vs Halifax Review
By Steve Miley / June 19th, 2019
Is Hargreaves Lansdown better than Halifax? After scoring UK share dealing accounts in six areas for our 2019 review, Hargreaves Lansdown is better than Halifax. While Hargreaves Lansdown provides clients a rich offering of investments and services, its trading platform and education area struggle to justify the high commissions and fees charged.
Platforms & Tools
First, we will compare the fees charged for dealing in the UK. There are two primary fees: the cost to place each trade and the monthly, quarterly, or annual management fee charged which varies depending on the type and size of your portfolio. We researched both to provide a single star rating for cost. Halifax received a rating of 4.00 stars over Hargreaves Lansdown's 3.50 stars.
Cost aside, we can now compare popular features and tools investors prefer. Access to the investments you want is important, and Halifax provides its clients with ISA and SIPP while Hargreaves Lansdown provides clients access to ISA, ISA - Junior, SIPP, SIPP - Junior and Spread Betting. Next, some traders desire robust charting, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. Both Halifax and Hargreaves Lansdown provide clients with access to 1 total charting tools. Halifax offers its clients access to 43 different indicators (for example, volume) while Hargreaves Lansdown has 20 available indicators, a difference of 23. Halifax and Hargreaves Lansdown both offer basic stock alerts. Finally, for researching funds while share dealing, having access to mutual fund research reports is also helpful. Hargreaves Lansdown makes fund research reports available to clients, while Halifax does not.
Overall, between Halifax and Hargreaves Lansdown, Hargreaves Lansdown is the winner.
Hargreaves Lansdown Review
All pricing data was obtained from a published web site as of 01/08/18 and is believed to be accurate, but is not guaranteed. The UK.StockBrokers.com 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.