To find a right broker for share dealing
, we spent seven months and hundreds of hours of assessing 12 different share dealing brokers based in the UK. Here, we will focus on two brokers and compare Hargreaves Lansdown vs Interactive Investor.
Our comparison begins with the fees charged for dealing shares in the UK and being a client. The two main charges to focus on include the cost to place each trade alongside the monthly, quarterly, or annual management fee charged (varies depending on the type and size of your portfolio). We researched both to provide a single star rating for cost. Interactive Investor is a better option with a 4.00 star rating over Hargreaves Lansdown's 3.50 star rating.
Account charges aside, we can now compare features and tools investors want in their share dealing accounts. Access to the investments is important, and Interactive Investor offers clients ISA, ISA - Junior, SIPP and Spread Betting while Hargreaves Lansdown offers ISA, ISA - Junior, SIPP, SIPP - Junior and Spread Betting. Also, some investors require a high-quality charting experience, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. Hargreaves Lansdown boasts an offering of 1 charting tools compared to Interactive Investor's 0 available charting tools. Interactive Investor trails Hargreaves Lansdown by 9 total different indicators (for example, moving averages), with Hargreaves Lansdown offering 20 and Interactive Investor offering 11. Hargreaves Lansdown and Interactive Investor both offer basic stock alerts. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Both Hargreaves Lansdown and Interactive Investor offer fund research reports.
Overall, between Hargreaves Lansdown and Interactive Investor, Interactive Investor is the winner
Hargreaves Lansdown Review
Interactive Investor Review