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IG vs Hargreaves Lansdown 2023

StockBrokers.com

Written by StockBrokers.com

August 03, 2023

Is IG better than Hargreaves Lansdown? After scoring the best share dealing accounts across 46 different variables, our analysis finds that Hargreaves Lansdown is better than IG. 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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Broker Screenshots IG Hargreaves Lansdown
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Overall Rating IG Hargreaves Lansdown
Overall Rating 4/5 Stars 4.5/5 Stars
Charges & Fees 4.5/5 Stars 4/5 Stars
Investment Choices 4.5/5 Stars 5/5 Stars
Mobile App 4.5/5 Stars 4.5/5 Stars
Website 5/5 Stars 4.5/5 Stars
Ease of Use 3.5/5 Stars 4.5/5 Stars
Education 4.5/5 Stars 5/5 Stars
Review IG Review Hargreaves Lansdown Review
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Investments IG Hargreaves Lansdown
ISA info Yes Yes
SIPP info Yes Yes
Share Trading info Yes Yes
CFD Trading info Yes No
Funds info No Yes
ETFs info Yes Yes
Bonds - Corporate info No Yes
Bonds - Government (Gilts) info No Yes
Investment Trusts info Yes Yes
Spread Betting info Yes No
Crypto Trading info No No
Advisor Services info No Yes
Trading Fees IG Hargreaves Lansdown
Minimum Deposit info £0.0 £1.0
Share Trading: 0-9 Deals/ Month info £3-£8 £11.95
Share Trading: 10-19 Deals/ Month info £3 £8.95
Share Trading: 20+ Deals/ Month info £3 £5.95
5 trades per year (£30k portfolio) info £136 £59.75
12 trades per year (£30k portfolio) info £192 £143.4
36 trades per year (£30k portfolio) info £108 £430.2
120 trades per year (£30k portfolio) info £360 £1074
3 fund trades per year (£30k portfolio) info N/A £135
Annual Custody Fee: £0 - £250,000 info £0 / £96 Up to £1,125
Annual Custody Fee: £250K-£500K info £0 Up to £625
Annual Custody Fee: £500,000 - £1m info £0 Up to £1,250
Annual Custody Fee: £1m and over info £0 Up to £1,000
Bonds - Corporate - Fee info N/A £20 - £50
Bonds - Government (Gilts) - Fee info N/A £20 - £50
ETFs - Fee info £3 - £8 £5.95 - £11.95
Investment Trusts - Fee info £3 - £8 £5.95 - £11.95
Telephone Dealing Fee info £40-£50 £20 - £50
Platforms & Tools IG Hargreaves Lansdown
Web Platform info Yes Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 33 15
Charting - Drawing Tools info 19 0
Charting - Notes info Yes No
Charting - Display Corporate Events info Yes Yes
Charting - Stock Overlays info No Yes
Charting - Index Overlays info No Yes
Research IG Hargreaves Lansdown
Research - Shares info Yes Yes
Research - CFDs info Yes No
Research - Funds info No Yes
Fund Research - Research Reports info Yes Yes
Research - ETFs info Yes Yes
Research - Bonds info No Yes
Portfolio Allocation Breakdown info No Yes
Education IG Hargreaves Lansdown
Education (Share Trading) info Yes Yes
Education (Funds) info No Yes
Education (Retirement) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes No
Overall Summary IG Hargreaves Lansdown
Overall Rating 4/5 Stars 4.5/5 Stars
Charges & Fees 4.5/5 Stars 4/5 Stars
Investment Choices 4.5/5 Stars 5/5 Stars
Mobile App 4.5/5 Stars 4.5/5 Stars
Website 5/5 Stars 4.5/5 Stars
Research [DELETED] N/A N/A
Ease of Use 3.5/5 Stars 4.5/5 Stars
Education 4.5/5 Stars 5/5 Stars
Review IG Review Hargreaves Lansdown Review
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Comparing online share dealing platforms side by side is no small task. For our 2023 review of U.K. brokers, nearly 600 data points were collected over a 10-week period and used to score each broker. Let’s compare IG and Hargreaves Lansdown.

IG vs Hargreaves Lansdown Comparison

For our 2023 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare IG vs Hargreaves Lansdown.

Is IG a good broker?

IG is an investment platform aimed at experienced investors looking to make frequent trades on the stock market, with thousands of shares, trusts and ETFs to trade. It offers a comprehensive and easy-to-use trading platform that is used by both private and professional investors.

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.

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, IG 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 - IG would cost £136 per year, while Hargreaves Lansdown would cost £59.75 per year.

12 trades per year - IG would cost £192 per year, while Hargreaves Lansdown would cost £143.4 per year.

36 trades per year - IG would cost £108 per year, while Hargreaves Lansdown would cost £430.2 per year.

120 trades per year - IG would cost £360 per year, while Hargreaves Lansdown would cost £1074 per year.

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

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

IG requires a minimum deposit of £0.0, while Hargreaves Lansdown requires a minimum deposit of £1.0. From our testing we found for accounts between £0 - £250,000 IG charges annual custody fees of £0 / £96, while Hargreaves Lansdown charges annual custody fees of Up to £1,125.

Which broker offers a wider range of investment options?

IG offers investors access to ISA, SIPP, Share Trading, CFD Trading, ETFs, Investment Trusts and Spread Betting, while Hargreaves Lansdown offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts and Advisor Services. Neither have 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 IG and Hargreaves Lansdown 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 IG and Hargreaves Lansdown offer SIPP and ISA accounts.

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

Which broker offers a better website experience?

Our testing concluded that the website of IG is better than the website of Hargreaves Lansdown. IG 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 IG and Hargreaves Lansdown, 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 IG and Hargreaves Lansdown 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 IG offers traders access to Client Webinars, Client Webinars (Archived), Education (Share Trading) and Education (Retirement), while Hargreaves Lansdown offers access to Client Webinars, Education (Share Trading), Education (Funds) and Education (Retirement).

Overall winner: Hargreaves Lansdown

Read Next: Best UK Trading Platforms 2023


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