Interactive Investor vs Hargreaves Lansdown 2020

Our UK.StockBrokers.com team spent seven months and hundreds of hours assessing 12 different share dealing accounts for buying shares online in the UK. In total, 46 individual variables were assessed. For this review, we will compare Hargreaves Lansdown vs Interactive Investor.

Which broker is cheaper: Hargreaves Lansdown or Interactive Investor?

It's important to note that not only is there the cost to place the trade, but most share dealing brokers also charge a monthly, quarterly, or annual management fee depending on the type and size of your portfolio. We assessed both to provide a single star rating for cost. Interactive Investor is a better option with a 4.50 star rating over Hargreaves Lansdown's 3.00 star rating.

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

1 Trade Per Month - Interactive Investor only charges £119.80 while Hargreaves Lansdown charges £278.40.

3 Trades Per Month - Interactive Investor is cheaper under this scenario. Interactive Investor would cost £287.76 while Hargreaves Lansdown would cost £565.20.

10 Trades Per Month - Interactive Investor is the cheaper option. Fees with Interactive Investor would be £622.92 while fees with Hargreaves Lansdown would be £1,209.00.

20 Trades Per Month - Interactive Investor costs less in this case. Interactive Investor charges £1,101.72 while Hargreaves Lansdown charges £1,563.00.

The annual management fee for each broker, which is a percentage of total assets, is as follows under a £30,000 portfolio Hargreaves Lansdown charges 0.45% while Interactive Investor charges £119.88 (£9.99 monthly).

Does Hargreaves Lansdown or Interactive Investor offer a wider range of investment options?

Hargreaves Lansdown offers a more diverse selection of investment options than Interactive Investor. Hargreaves Lansdown offers investors access to Advisor Services, ETFs, Funds, ISA, SIPP, Share Trading and Bonds - Government (Gilts). Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Is Hargreaves Lansdown or Interactive Investor better for research?

Research helps traders analyze potential investments, examine market sentiment, and learn about companies on a high-level. 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: Hargreaves Lansdown or Interactive Investor?

To compare the trading platforms of both Hargreaves Lansdown and Interactive Investor, we tested each broker's trading tools. Overall, Hargreaves Lansdown offers a better experience. Looking at charting, Hargreaves Lansdown boasts an offering of 1 charting tools compared to Interactive Investor's 0 available charting tools. Interactive Investor trails Hargreaves Lansdown by 15 total different indicators (for example, moving averages), with Hargreaves Lansdown offering 26 and Interactive Investor offering 11.

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