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Hargreaves Lansdown vs Interactive Investor 2023

StockBrokers.com

Written by StockBrokers.com

February 23, 2023

Is Hargreaves Lansdown better than Interactive Investor? After scoring the best share dealing accounts across 46 different variables, our analysis finds that Hargreaves Lansdown is better than Interactive Investor. 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.

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Overall RatingHargreaves LansdownInteractive Investor
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 3/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 4.5/5 Stars
Mobile Trading 4.5/5 Stars 3/5 Stars
Platforms & Tools 4/5 Stars 3/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Ease of Use 4/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Review Hargreaves Lansdown Review Interactive Investor Review
Winner check_circle
InvestmentsHargreaves LansdownInteractive Investor
ISA Yes Yes
SIPP Yes Yes
Share Trading Yes Yes
CFD Trading No No
Funds Yes Yes
ETFs Yes Yes
Bonds - Corporate Yes Yes
Bonds - Government (Gilts) Yes Yes
Investment Trusts Yes Yes
Spread Betting No No
Crypto Trading No No
Advisor Services Yes No
Trading FeesHargreaves LansdownInteractive Investor
Minimum Deposit £1.0 £0.0
Share Trading: 0-9 Deals/ Month £11.95 £5.99 (Investor Plan)
Share Trading: 10-19 Deals/ Month £8.95 £3.99 (Super Investor Plan)
Share Trading: 20+ Deals/ Month £5.95 £3.99 (Super Investor Plan)
5 trades per year (£30k portfolio) £59.75 £89.83 (Essentials plan) or £119.88 (Investor, Super Investor plans)
12 trades per year (£30k portfolio) £143.4 £131.76 (Essentials) or £119.88 (Investor, Super Investor)
36 trades per year (£30k portfolio) £430.2 £263.64 (Investor) or £287.76 (Super Investor)
120 trades per year (£30k portfolio) £1074 £766.8 (Investor) or £622.92 (Super Investor)
3 fund trades per year (£30k portfolio) £135 £119.88
Annual Custody Fee: £0 - £250,000 0.45% £119.88 (Investor Plan - £9.99 monthly)
Annual Custody Fee: £250K-£500K 0.25% £119.88
Annual Custody Fee: £500,000 - £1m 0.25% £119.88
Annual Custody Fee: £1m and over 0.10% £119.88
Bonds - Corporate - Fee 1% (20-50) or £11.95 £40 (when trade value is above £100,000)
Bonds - Government (Gilts) - Fee 1% £20 minimum £40 (when trade value is above £100,000)
ETFs - Fee £11.95 £5.99 (Investor Plan)
Investment Trusts - Fee £11.95 £5.99 (Investor Plan)
Telephone Dealing Fee 1% of the trade value, mininmum £20 maximum £50 £49
Platforms & ToolsHargreaves LansdownInteractive Investor
Web Platform Yes Yes
iPhone App Yes Yes
Android App Yes Yes
Stock Alerts Yes Yes
Charting - Indicators / Studies 20 104
Charting - Drawing Tools 1 16
Charting - Notes No No
Charting - Display Corporate Events Yes Yes
Charting - Stock Overlays Yes Yes
Charting - Index Overlays Yes Yes
ResearchHargreaves LansdownInteractive Investor
Research - Shares No Yes
Research - CFDs No No
Research - Funds Yes Yes
Fund Research - Research Reports Yes Yes
Research - ETFs Yes Yes
Research - Bonds Yes No
Portfolio Allocation Breakdown Yes Yes
EducationHargreaves LansdownInteractive Investor
Has Education - Share Trading Yes Yes
Has Education - Funds Yes Yes
Has Education - Retirement Yes Yes
Client Webinars Yes No
Client Webinars (Archived) No No
Overall SummaryHargreaves LansdownInteractive Investor
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 3/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 4.5/5 Stars
Mobile Trading 4.5/5 Stars 3/5 Stars
Platforms & Tools 4/5 Stars 3/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Ease of Use 4/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Review Hargreaves Lansdown Review Interactive Investor 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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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 Hargreaves Lansdown and Interactive Investor.

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.

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.

Is Interactive Investor a good broker?

Interactive Investor is a solid option for investors looking for strong in-house recommendations for funds and well-put-together research reports. Fees, although lowered from last year, are still fairly high, especially considering the less-than-impressive platform, mobile app and tools available. Interactive Investor struggles to remain competitive with the best trading platforms in the U.K.

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 Investor 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 - Hargreaves Lansdown would cost £59.75 per year, while Interactive Investor would cost £89.83 (Essentials plan) or £119.88 (Investor, Super Investor plans) per year.

12 trades per year - Hargreaves Lansdown would cost £143.4 per year, while Interactive Investor would cost £131.76 (Essentials) or £119.88 (Investor, Super Investor) per year.

36 trades per year - Hargreaves Lansdown would cost £430.2 per year, while Interactive Investor would cost £263.64 (Investor) or £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) or £622.92 (Super Investor) per year.

3 fund trades per year - Hargreaves Lansdown would cost 1 per year, while Interactive Investor would cost 0 per year.

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

Hargreaves Lansdown requires a minimum deposit of £1, while Interactive Investor requires a minimum deposit of £0. From our testing we found for accounts between £0 - £250,000 Hargreaves Lansdown charges annual custody fees of 0.45%, while Interactive Investor charges annual custody fees of £119.88 (Investor Plan - £9.99 monthly).

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.

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

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

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, our analysis finds that Hargreaves Lansdown offers a better share dealing platform and Hargreaves Lansdown offers a better stock app for mobile trading.

Do Hargreaves Lansdown and Interactive Investor 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 Hargreaves Lansdown offers traders access to Client Webinars, Has Education - Share Trading, Has Education - Funds and Has Education - Retirement, while Interactive Investor offers access to Has Education - Share Trading, Has Education - Funds and Has Education - Retirement.. Neither have Client Webinars (Archived)

Overall winner: Hargreaves Lansdown

Read Next: Best UK Trading Platforms 2022


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