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 Hargreaves Lansdown vs IG Group.
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. IG Group received a rating of 4.50 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 IG Group supports ISA, SIPP and Spread Betting while Hargreaves Lansdown supports 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. IG Group offers its clients access to 19 charting tools while Hargreaves Lansdown has 1 charting tools, a difference of 18. IG Group boasts an offering of 26 different indicators (for example, moving averages) compared to Hargreaves Lansdown's 20 available indicators. Hargreaves Lansdown alongside IG Group offer basic stock alerts. Finally, for researching funds while share dealing, having access to mutual fund research reports is also helpful. Hargreaves Lansdown offers fund research reports while IG Group does not.
Overall, IG Group comes out on top with 4.50 stars over Hargreaves Lansdown's 4.00 stars. And, when it comes to individual category awards, Hargreaves Lansdown was rated Best in Class - Offering of Investments and Best in Class - Customer Service in 2017, while IG Group was rated Best in Class - Platforms & Tools, Best in Class - Mobile Trading and Best in Class - Education.