After seven months and hundreds of hours of researching ten 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. Halifax and Hargreaves Lansdown offer the same number of charting tools, 1. Halifax boasts an offering of 43 different indicators (for example, moving averages) compared to Hargreaves Lansdown's 20 available indicators. Both Halifax and Hargreaves Lansdown offer basic stock alerts. Finally, for researching funds while share dealing, having access to mutual fund research reports is also helpful. Hargreaves Lansdown has fund research reports, Halifax doesn't.
Overall, Hargreaves Lansdown takes the upper hand with 4.00 stars over Halifax's 3.50 stars. And, when it comes to individual category awards, Hargreaves Lansdown finished with awards Best in Class - Offering of Investments and Best in Class - Customer Service in 2017, while Halifax came up with Best in Class - Customer Service.