To find a right broker for share dealing
, we spent seven months and hundreds of hours of assessing 12 different share dealing brokers based in the UK. Here, we will focus on two brokers and compare Hargreaves Lansdown vs IG Group.
Our comparison begins with the fees charged for dealing shares in the UK and being a client. The two main charges to focus on include the cost to place each trade alongside the monthly, quarterly, or annual management fee charged (varies depending on the type and size of your portfolio). We researched both to provide a single star rating for cost. IG Group received a rating of 4.50 stars over Hargreaves Lansdown's 3.50 stars.
Account charges aside, we can now compare features and tools investors want in their share dealing accounts. Access to the investments is important, and IG Group provides its clients with ISA, SIPP and Spread Betting while Hargreaves Lansdown provides clients access to ISA, ISA - Junior, SIPP, SIPP - Junior and Spread Betting. Also, some investors require a high-quality charting experience, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. IG Group offers its clients access to 19 charting tools while Hargreaves Lansdown has 1 charting tools, a difference of 18. Hargreaves Lansdown trails IG Group by 6 total different indicators (for example, moving averages), with IG Group offering 26 and Hargreaves Lansdown offering 20. Hargreaves Lansdown alongside IG Group offer basic stock alerts. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Hargreaves Lansdown makes fund research reports available to clients, while IG Group does not.
Overall, between Hargreaves Lansdown and IG Group, IG Group is the winner
Hargreaves Lansdown Review
IG Group Review