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Interactive Brokers vs Hargreaves Lansdown 2023

StockBrokers.com

Written by StockBrokers.com

April 19, 2023

Is Interactive Brokers better than Hargreaves Lansdown? After scoring the best share dealing accounts across 46 different variables, our analysis finds that Interactive Brokers is better than Hargreaves Lansdown. Professional traders are brilliantly serviced with the tools and capabilities of Interactive Brokers. Less-experienced traders benefit from the low commissions and excellent research available in the web-based Client Portal platform.

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  • check_box_outline_blankcheck_boxeToro
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  • check_box_outline_blankcheck_boxFreetrade
  • check_box_outline_blankcheck_boxHalifax
  • check_box_outline_blankcheck_boxHargreaves Lansdown
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxInteractive Investor
  • check_box_outline_blankcheck_boxLloyds Bank
  • check_box_outline_blankcheck_boxSaxo Markets
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Compare

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Overall Rating Interactive Brokers Hargreaves Lansdown
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Offering of Investments 4.5/5 Stars 5/5 Stars
Mobile Trading 4.5/5 Stars 4.5/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Research 5/5 Stars 4.5/5 Stars
Ease of Use 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 4/5 Stars
Review Interactive Brokers Review Hargreaves Lansdown Review
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Investments Interactive Brokers Hargreaves Lansdown
ISA info Yes Yes
SIPP info Yes Yes
Share Trading info Yes Yes
CFD Trading info Yes No
Funds info Yes Yes
ETFs info Yes Yes
Bonds - Corporate info Yes Yes
Bonds - Government (Gilts) info Yes Yes
Investment Trusts info Yes Yes
Spread Betting info Yes No
Crypto Trading info Yes No
Advisor Services info No Yes
Trading Fees Interactive Brokers Hargreaves Lansdown
Minimum Deposit info £0.0 £1.0
Share Trading: 0-9 Deals/ Month info £3 £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 £15 £59.75
12 trades per year (£30k portfolio) info £36 £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 £24.75 £135
Annual Custody Fee: £0 - £250,000 info 0% 0.45%
Annual Custody Fee: £250K-£500K info 0% 0.25%
Annual Custody Fee: £500,000 - £1m info 0% 0.25%
Annual Custody Fee: £1m and over info 0% 0.10%
Bonds - Corporate - Fee info 0.1% (for <10,000 EUR) 0.025% (for >10,000 EUR) 1% (20-50) or £11.95
Bonds - Government (Gilts) - Fee info 0.1% (2 euro min) 1% £20 minimum
ETFs - Fee info £3 £11.95
Investment Trusts - Fee info £4.95 £11.95
Telephone Dealing Fee info 30 USD 1% of the trade value, mininmum £20 maximum £50
Platforms & Tools Interactive Brokers 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 98 20
Charting - Drawing Tools info 84 1
Charting - Notes info Yes No
Charting - Display Corporate Events info Yes Yes
Charting - Stock Overlays info Yes Yes
Charting - Index Overlays info Yes Yes
Research Interactive Brokers Hargreaves Lansdown
Research - Shares info Yes No
Research - CFDs info Yes No
Research - Funds info Yes Yes
Fund Research - Research Reports info No Yes
Research - ETFs info Yes Yes
Research - Bonds info Yes Yes
Portfolio Allocation Breakdown info Yes Yes
Education Interactive Brokers 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 Interactive Brokers Hargreaves Lansdown
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Offering of Investments 4.5/5 Stars 5/5 Stars
Mobile Trading 4.5/5 Stars 4.5/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Research 5/5 Stars 4.5/5 Stars
Ease of Use 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 4/5 Stars
Review Interactive Brokers Review Hargreaves Lansdown Review
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Comparing online share dealing platforms side by side is no small task. For our 2022 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 Interactive Brokers and Hargreaves Lansdown.

Interactive Brokers vs Hargreaves Lansdown Comparison

For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Interactive Brokers vs Hargreaves Lansdown.

Is Interactive Brokers a good broker?

Professional traders are brilliantly serviced with the tools and capabilities of Interactive Brokers. Less-experienced traders benefit from the low commissions and excellent research available in the web-based Client Portal platform.

Is Hargreaves Lansdown a good broker?

Hargreaves Lansdown has a wide range of sophisticated research accompanied by a comprehensive selection of investment options and a user-friendly mobile app. However, pricing is expensive, the charting tools are average and educational resources are only in line with industry standards.

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.

5 trades per year - Interactive Brokers would cost £15 per year, while Hargreaves Lansdown would cost £59.75 per year.

12 trades per year - Interactive Brokers would cost £36 per year, while Hargreaves Lansdown would cost £143.4 per year.

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

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

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

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

Interactive Brokers 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 Interactive Brokers charges annual custody fees of 0%, while Hargreaves Lansdown charges annual custody fees of 0.45%.

Which broker offers a wider range of investment options?

Interactive Brokers offers investors access to ISA, SIPP, Share Trading, CFD Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts, Spread Betting and Crypto Trading, while Hargreaves Lansdown offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts and Advisor Services. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Do Interactive Brokers 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 Interactive Brokers and Hargreaves Lansdown offer SIPP and ISA accounts.

Do Interactive Brokers 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 Interactive Brokers and Hargreaves Lansdown offer crypto investing.

Which broker 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 Interactive Brokers and Hargreaves Lansdown, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, our analysis finds that Interactive Brokers offers a better share dealing platform and Hargreaves Lansdown offers a better stock app for mobile trading.

Do Interactive Brokers 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 Interactive Brokers 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: Interactive Brokers

Read Next: Best UK Trading Platforms 2022


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