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Hargreaves Lansdown vs Interactive Investor 2020

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Is Interactive Investor better than Hargreaves Lansdown? After scoring UK share dealing accounts in six areas for our 2019 review, Interactive Investor is better than Hargreaves Lansdown. With Interactive Investor's Super Investor Plan, traders pay a low rate of £3.99 per trade on UK stocks and ETFs. Alongside great pricing, Interactive Investor offers brilliant fundamental research for stocks, funds, investment trusts, and ETFs. That said, no education is provided, and trading tools are lackluster.

Overall Rating

Feature Hargreaves Lansdown Interactive Investor
Overall 4.5 4.5
Hargreaves Lansdown Review Interactive Investor Review

Trading Fees

Feature Hargreaves Lansdown Interactive Investor
Share Trading: 0-9 Deals/ Month
£11.95 £7.99
Share Trading: 10-19 Deals/ Month
£8.95 £3.99
Share Trading: 20+ Deals/ Month
£5.95 £3.99
Annual Custody Fee: £0 - £250,000*
0.45% £119.88
Bonds - Government (Gilts) - Fee
£11.95 £40.00
ETFs - Fee
£11.95 £7.99
Investment Trusts - Fee
£11.95 £7.99
Telephone Dealing Fee*
£20.00 £49.00
Commissions & Fees 3 4.5
Winner check_circle

Platforms & Tools

Feature Hargreaves Lansdown Interactive Investor
Desktop Platform (Windows)
No No
Web Platform
Yes Yes
iPhone App
Yes Yes
Android App
Yes Yes
Stock Alerts
Yes Yes
Charting - Indicators / Studies
26 11
Charting - Drawing Tools
1 0
Charting - Notes
No No
Charting - Display Corporate Events
Yes No
Charting - Stock Overlays
Yes Yes
Platform & Tools 4 3
Winner check_circle

Research

Feature Hargreaves Lansdown Interactive Investor
Research - Shares
Yes Yes
Research - CFDs
Yes Yes
Research - Funds
Yes Yes
Fund Research - Research Reports
Yes Yes
Research - ETFs
Yes Yes
Research - Bonds
Yes Yes
Portfolio Allocation Breakdown
Yes Yes
Research 4.5 4.5
Winner check_circle

Investments

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

Education

Feature Hargreaves Lansdown Interactive Investor
Has Education - Share Trading
Yes No
Has Education - Funds
Yes No
Has Education - Retirement
Yes No
Client Webinars
No No
Client Webinars (Archived)
No No
Education 3.5 1

Overall

Feature Hargreaves Lansdown Interactive Investor
Hargreaves Lansdown Review Interactive Investor Review
Overall 4.5 4.5
Winner check_circle
After seven months and hundreds of hours of researching 12 different share dealing brokers, the UK.StockBrokers.com team collected thousands of data points. To focus on two brokers, we will now compare Hargreaves Lansdown vs Interactive Investor.

First, we will compare the fees charged for dealing in the UK. There are two primary fees: the cost to place each trade and the monthly, quarterly, or annual management fee charged which varies depending on the type and size of your portfolio. We researched both to provide a single star rating for cost. Interactive Investor received a rating of 4.50 stars over Hargreaves Lansdown's 3.00 stars.

Further breaking down costs, we analyzed four different trading scenarios. For all four scenarios, we are assuming a £30,000 portfolio for custody fees.

Scenario 1 - 12 trades per year, or 1 trade per month. Hargreaves Lansdown charges £278.40 and Interactive Investor charges £119.8.

Scenario 2 - 36 trades per year, or 3 trades per month. Hargreaves Lansdown charges £565.20 and Interactive Investor charges £287.76.

Scenario 3 - 10 trades per month, for a total of 120 trades per year. Interactive Investor would charge £622.92 while Hargreaves Lansdown would charge £1209.

Scenario 4 - 240 trades per year, or 20 trades per month. Hargreaves Lansdown charges £1563 and Interactive Investor charges £1101.72.

Cost aside, we can now compare popular features and tools investors prefer. Access to the investments you want is important, and Interactive Investor supports ISA, ISA - Junior, SIPP and Spread Betting while Hargreaves Lansdown supports ISA, ISA - Junior, SIPP and SIPP - Junior. Next, some traders desire robust charting, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. Hargreaves Lansdown offers its clients access to 1 charting tools while Interactive Investor has 0 charting tools, a difference of 1. Hargreaves Lansdown offers its clients access to 26 different indicators (for example, volume) while Interactive Investor has 11 available indicators, a difference of 15. Hargreaves Lansdown and Interactive Investor both offer basic stock alerts. Finally, for researching funds while share dealing, having access to mutual fund research reports is also helpful. Hargreaves Lansdown and Interactive Investor both offer fund research reports.

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

Hargreaves Lansdown Review
Interactive Investor Review


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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