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Interactive Brokers vs Hargreaves Lansdown 2023

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is Interactive Brokers better than Hargreaves Lansdown? 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 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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Overall RatingInteractive BrokersHargreaves Lansdown
Overall Rating 4.5/5 Stars 4.5/5 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
Winner check_circle
InvestmentsInteractive BrokersHargreaves Lansdown
ISA Yes Yes
SIPP Yes Yes
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
Crypto Trading Yes No
Advisor Services No Yes
Trading FeesInteractive BrokersHargreaves Lansdown
Minimum Deposit £0.0 £1.0
Share Trading: 0-9 Deals/ Month £3 £11.95
Share Trading: 10-19 Deals/ Month £3 £8.95
Share Trading: 20+ Deals/ Month £3 £5.95
5 trades per year (£30k portfolio) £15 £59.75
12 trades per year (£30k portfolio) £36 £143.4
36 trades per year (£30k portfolio) £108 £430.2
120 trades per year (£30k portfolio) £360 £1074
3 fund trades per year (£30k portfolio) £24.75 £135
Annual Custody Fee: £0 - £250,000 0% 0.45%
Annual Custody Fee: £250K-£500K 0% 0.25%
Annual Custody Fee: £500,000 - £1m 0% 0.25%
Annual Custody Fee: £1m and over 0% 0.10%
Bonds - Corporate - Fee 0.1% (for <10,000 EUR) 0.025% (for >10,000 EUR) 1% (20-50) or £11.95
Bonds - Government (Gilts) - Fee 0.1% (2 euro min) 1% £20 minimum
ETFs - Fee £3 £11.95
Investment Trusts - Fee £4.95 £11.95
Telephone Dealing Fee 30 USD 1% of the trade value, mininmum £20 maximum £50
Platforms & ToolsInteractive BrokersHargreaves Lansdown
Web Platform Yes Yes
iPhone App Yes Yes
Android App Yes Yes
Stock Alerts Yes Yes
Charting - Indicators / Studies 98 20
Charting - Drawing Tools 84 1
Charting - Notes Yes No
Charting - Display Corporate Events Yes Yes
Charting - Stock Overlays Yes Yes
Charting - Index Overlays Yes Yes
ResearchInteractive BrokersHargreaves Lansdown
Research - Shares Yes No
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
EducationInteractive BrokersHargreaves 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
Overall SummaryInteractive BrokersHargreaves Lansdown
Overall Rating 4.5/5 Stars 4.5/5 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
Winner check_circle
  • check_box_outline_blankcheck_boxAJ Bell
  • check_box_outline_blankcheck_boxBarclays
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxDEGIRO
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFineco Bank
  • 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
  • check_box_outline_blankcheck_boxTrading 212
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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.

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 £24.75 per year, while Hargreaves Lansdown would cost £135 per year.

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.

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, Interactive Brokers offers a better share dealing platform and Hargreaves Lansdown offers a better stock app for mobile trading.

Overall winner: Interactive Brokers

Read Next: Best UK Trading Platforms 2022

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