After seven months and hundreds of hours of researching 12 different share dealing brokers
, the UK.StockBrokers.com team collected thousands of data points. To focus on two brokers, we will now compare Halifax vs Hargreaves Lansdown.
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