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Hargreaves Lansdown vs Interactive Investor 2022

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is Hargreaves Lansdown better than Interactive Investor? After scoring the best share dealing accounts across 46 different variables, Fineco Bank is better than Hargreaves Lansdown. For the price-conscious trader, FinecoBank is a solid share dealing option with a broad range of investment options; but educational materials and research reports are lacking.

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Overall RatingHargreaves LansdownInteractive InvestorFineco Bank
Overall Rating4.5 Stars4 Stars4.5 Stars
Commissions & Fees3 Stars4 Stars5 Stars
Offering of Investments5 Stars4.5 Stars4 Stars
Mobile Trading4.5 Stars3 Stars4 Stars
Platforms & Tools4 Stars3 Stars3.5 Stars
Research4.5 Stars3.5 Stars3.5 Stars
Ease of Use4 Stars3.5 Stars3.5 Stars
Education4 Stars3.5 Stars3.5 Stars
ReviewHargreaves Lansdown ReviewInteractive Investor ReviewFineco Bank Review
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InvestmentsHargreaves LansdownInteractive InvestorFineco Bank
ISAYesYesYes
SIPPYesYesNo
Share TradingYesYesYes
CFD TradingNoNoYes
FundsYesYesYes
ETFsYesYesYes
Bonds - CorporateYesYesYes
Bonds - Government (Gilts)YesYesYes
Investment TrustsYesYesNo
Spread BettingNoNoNo
Crypto TradingNoNoNo
Advisor ServicesYesNoNo
Trading FeesHargreaves LansdownInteractive InvestorFineco Bank
Minimum Deposit£1.0£0.0£0.0
Share Trading: 0-9 Deals/ Month£11.95£5.99 (Investor Plan)£2.95
Share Trading: 10-19 Deals/ Month£8.95£3.99 (Super Investor Plan)£2.95
Share Trading: 20+ Deals/ Month£5.95£3.99 (Super Investor Plan)£2.95
5 trades per year (£30k portfolio)£59.75£119.88£75
12 trades per year (£30k portfolio)£143.4£119.88£35.4
36 trades per year (£30k portfolio)£430.2£263.64 (investor) 287.76 (super investor)£106.2
120 trades per year (£30k portfolio)£1074£766.8 (investor) 622.92 (super investor)£354
3 fund trades per year (£30k portfolio)£135£119.88£14.75
Annual Custody Fee: £0 - £250,0000.45%£119.88 (Investor Plan - £9.99 monthly)0.25%
Annual Custody Fee: £250K-£500K0.25%£119.880.15%
Annual Custody Fee: £500,000 - £1m0.25%£119.880.15%
Annual Custody Fee: £1m and over0.10%£119.880.05%
Bonds - Corporate - Fee1% (20-50) or £11.95£40 (when trade value is above £100,000)£6.95
Bonds - Government (Gilts) - Fee1% £20 minimum£40 (when trade value is above £100,000)£6.95
ETFs - Fee£11.95£5.99 (Investor Plan)£2.95
Investment Trusts - Fee£11.95£5.99 (Investor Plan)N/A
Telephone Dealing Fee1% of the trade value, mininmum £20 maximum £50£49N/A
Platforms & ToolsHargreaves LansdownInteractive InvestorFineco Bank
Web PlatformYesYesYes
iPhone AppYesYesYes
Android AppYesYesYes
Stock AlertsYesYesYes
Charting - Indicators / Studies2010422
Charting - Drawing Tools1163
Charting - NotesNoNoNo
Charting - Display Corporate EventsYesYesYes
Charting - Stock OverlaysYesYesYes
Charting - Index OverlaysYesYesYes
ResearchHargreaves LansdownInteractive InvestorFineco Bank
Research - SharesNoYesYes
Research - CFDsNoNoNo
Research - FundsYesYesYes
Fund Research - Research ReportsYesYesNo
Research - ETFsYesYesYes
Research - BondsYesNoYes
Portfolio Allocation BreakdownYesYesYes
EducationHargreaves LansdownInteractive InvestorFineco Bank
Has Education - Share TradingYesYesNo
Has Education - FundsYesYesNo
Has Education - RetirementYesYesNo
Client WebinarsYesNoYes
Client Webinars (Archived)NoNoYes
Overall SummaryHargreaves LansdownInteractive InvestorFineco Bank
Overall Rating4.5 Stars4 Stars4.5 Stars
Commissions & Fees3 Stars4 Stars5 Stars
Offering of Investments5 Stars4.5 Stars4 Stars
Mobile Trading4.5 Stars3 Stars4 Stars
Platforms & Tools4 Stars3 Stars3.5 Stars
Research4.5 Stars3.5 Stars3.5 Stars
Ease of Use4 Stars3.5 Stars3.5 Stars
Education4 Stars3.5 Stars3.5 Stars
ReviewHargreaves Lansdown ReviewInteractive Investor ReviewFineco Bank Review
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Hargreaves Lansdown vs Interactive Investor Comparison

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

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, Fineco Bank offers better pricing than Interactive Investor 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 - Hargreaves Lansdown would cost £59.75 per year, while Interactive Investor would cost £119.88 per year.

12 trades per year - Hargreaves Lansdown would cost £143.4 per year, while Interactive Investor would cost £119.88 per year.

36 trades per year - Hargreaves Lansdown would cost £430.2 per year, while Interactive Investor would cost £263.64 (investor) 287.76 (super investor) per year.

120 trades per year - Hargreaves Lansdown would cost £1074 per year, while Interactive Investor would cost £766.8 (investor) 622.92 (super investor) per year.

3 fund trades per year - Hargreaves Lansdown would cost £135 per year, while Interactive Investor would cost £119.88 per year.

Which broker offers a wider range of investment options?

Hargreaves Lansdown offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts and Advisor Services, while Interactive Investor offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts, neither have CFD Trading, Spread Betting and Crypto Trading. 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 Hargreaves Lansdown is better for research than Interactive Investor. Hargreaves Lansdown 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 Investor, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, Hargreaves Lansdown offers a better share dealing platform and Hargreaves Lansdown offers a better stock app for mobile trading.

Overall winner: Fineco Bank

Read Next: Best UK Trading Platforms 2022


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