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Interactive Brokers vs Hargreaves Lansdown 2020

Your capital is at risk.
Is Hargreaves Lansdown better than Interactive Brokers? After scoring the best share dealing accounts across 46 different variables, Interactive Brokers is better than Hargreaves Lansdown. Professional traders are brilliantly serviced with the trading tools, range of investments, and capabilities of Interactive Brokers. Meanwhile, less-experienced traders can still take advantage of the low commissions and excellent research through the web-based Client Portal platform.

Overall Rating

Feature Interactive Brokers Hargreaves Lansdown
Overall 4.5 4
Interactive Brokers Review Hargreaves Lansdown Review

Trading Fees

Feature Interactive Brokers Hargreaves Lansdown
Share Trading: 0-9 Deals/ Month
(trade value x .0005) £11.95
Share Trading: 10-19 Deals/ Month
(trade value x .0005) £8.95
Share Trading: 20+ Deals/ Month
(trade value x .0005) £5.95
Annual Custody Fee: £0 - £250,000
0% 0.45%
Bonds - Government (Gilts) - Fee
0.1% (2Euro min) £11.95
ETFs - Fee
(trade value x .0005) £11.95
Investment Trusts - Fee
£4.95 £11.95
Telephone Dealing Fee
N/A £20.00
Commissions & Fees 4 3
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Platforms & Tools

Feature Interactive Brokers Hargreaves Lansdown
Desktop Platform (Windows)
Yes No
Web Platform
Yes Yes
iPhone App
Yes Yes
Android App
Yes Yes
Stock Alerts
Yes Yes
Charting - Indicators / Studies
137 20
Charting - Drawing Tools
9 1
Charting - Notes
Yes No
Charting - Display Corporate Events
Yes Yes
Charting - Stock Overlays
Yes Yes
Platform & Tools 5 4
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Research

Feature Interactive Brokers Hargreaves Lansdown
Research - Shares
Yes Yes
Research - CFDs
Yes No
Research - Funds
Yes Yes
Fund Research - Research Reports
No Yes
Research - ETFs
Yes Yes
Research - Bonds
Yes Yes
Portfolio Allocation Breakdown
Yes Yes
Research 4.5 4.5
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Investments

Feature Interactive Brokers Hargreaves Lansdown
Share Trading
Yes Yes
CFD Trading
Yes No
Funds
Yes Yes
ETFs
Yes Yes
Bonds - Corporate
Yes Yes
Bonds - Government (Gilts)
Yes Yes
Investment Trusts
Yes Yes
Spread Betting
Yes No
Advisor Services
No Yes
Offering of Investments 4.5 5
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Education

Feature Interactive Brokers Hargreaves Lansdown
Has Education - Share Trading
Yes Yes
Has Education - Funds
No Yes
Has Education - Retirement
Yes Yes
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes No
Education 3.5 3.5

Overall

Feature Interactive Brokers Hargreaves Lansdown
Interactive Brokers Review Hargreaves Lansdown Review
Overall 4.5 4
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For our 2020 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Hargreaves Lansdown vs Interactive Brokers.

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, Interactive Brokers 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.

1 Trade Per Month - Interactive Brokers is cheaper. Interactive Brokers would only cost £132.00 each year while Hargreaves Lansdown would cost £278.40.

3 Trades Per Month - Interactive Brokers is less expensive under this scenario. Interactive Brokers would cost £156.00 per year while Hargreaves Lansdown would cost £565.20.

10 Trades Per Month - Interactive Brokers is the better choice. Annual fees with Interactive Brokers would total £360, while annual fees with Hargreaves Lansdown would be £1209.

20 Trades Per Month - Interactive Brokers costs less in this scenario. Total annual costs with Interactive Brokers would equal £660, while Hargreaves Lansdown would equal £1563.

Which broker offers a wider range of investment options?

Hargreaves Lansdown offers a more diverse selection of investment options than Interactive Brokers. Hargreaves Lansdown offers investors access to Advisor Services, ETFs, Funds, ISA, SIPP, Share Trading and Bonds - Government (Gilts). Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Which platform offers better research?

Our testing concluded that Interactive Brokers is better for research than Hargreaves Lansdown. Interactive Brokers offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better?

To compare the trading platforms of both Hargreaves Lansdown and Interactive Brokers, we tested each broker's trading tools and share dealing app. All features compared, Interactive Brokers offers a better share dealing platform.

Overall, between Hargreaves Lansdown and Interactive Brokers, Interactive Brokers is the winner.

Hargreaves Lansdown Review
Interactive Brokers Review

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All pricing data was obtained from a published web site as of 01/15/2020 and is believed to be accurate, but is not guaranteed. The UK.StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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