Written by StockBrokers.com
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.
| Overall Rating | Hargreaves Lansdown | Interactive Investor | Fineco Bank |
|---|---|---|---|
| Overall Rating | |||
| Commissions & Fees | |||
| Offering of Investments | |||
| Mobile Trading | |||
| Platforms & Tools | |||
| Research | |||
| Ease of Use | |||
| Education | |||
| Review | Hargreaves Lansdown Review | Interactive Investor Review | Fineco Bank Review |
| Winner | check_circle |
| Investments | Hargreaves Lansdown | Interactive Investor | Fineco Bank |
|---|---|---|---|
| ISA | Yes | Yes | Yes |
| SIPP | Yes | Yes | No |
| Share Trading | Yes | Yes | Yes |
| CFD Trading | No | No | Yes |
| Funds | Yes | Yes | Yes |
| ETFs | Yes | Yes | Yes |
| Bonds - Corporate | Yes | Yes | Yes |
| Bonds - Government (Gilts) | Yes | Yes | Yes |
| Investment Trusts | Yes | Yes | No |
| Spread Betting | No | No | No |
| Crypto Trading | No | No | No |
| Advisor Services | Yes | No | No |
| Trading Fees | Hargreaves Lansdown | Interactive Investor | Fineco 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 - £250,000 | 0.45% | £119.88 (Investor Plan - £9.99 monthly) | 0.25% |
| Annual Custody Fee: £250K-£500K | 0.25% | £119.88 | 0.15% |
| Annual Custody Fee: £500,000 - £1m | 0.25% | £119.88 | 0.15% |
| Annual Custody Fee: £1m and over | 0.10% | £119.88 | 0.05% |
| Bonds - Corporate - Fee | 1% (20-50) or £11.95 | £40 (when trade value is above £100,000) | £6.95 |
| Bonds - Government (Gilts) - Fee | 1% £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 Fee | 1% of the trade value, mininmum £20 maximum £50 | £49 | N/A |
| Platforms & Tools | Hargreaves Lansdown | Interactive Investor | Fineco Bank |
|---|---|---|---|
| Web Platform | Yes | Yes | Yes |
| iPhone App | Yes | Yes | Yes |
| Android App | Yes | Yes | Yes |
| Stock Alerts | Yes | Yes | Yes |
| Charting - Indicators / Studies | 20 | 104 | 22 |
| Charting - Drawing Tools | 1 | 16 | 3 |
| Charting - Notes | No | No | No |
| Charting - Display Corporate Events | Yes | Yes | Yes |
| Charting - Stock Overlays | Yes | Yes | Yes |
| Charting - Index Overlays | Yes | Yes | Yes |
| Research | Hargreaves Lansdown | Interactive Investor | Fineco Bank |
|---|---|---|---|
| Research - Shares | No | Yes | Yes |
| Research - CFDs | No | No | No |
| Research - Funds | Yes | Yes | Yes |
| Fund Research - Research Reports | Yes | Yes | No |
| Research - ETFs | Yes | Yes | Yes |
| Research - Bonds | Yes | No | Yes |
| Portfolio Allocation Breakdown | Yes | Yes | Yes |
| Education | Hargreaves Lansdown | Interactive Investor | Fineco Bank |
|---|---|---|---|
| Has Education - Share Trading | Yes | Yes | No |
| Has Education - Funds | Yes | Yes | No |
| Has Education - Retirement | Yes | Yes | No |
| Client Webinars | Yes | No | Yes |
| Client Webinars (Archived) | No | No | Yes |
| Overall Summary | Hargreaves Lansdown | Interactive Investor | Fineco Bank |
|---|---|---|---|
| Overall Rating | |||
| Commissions & Fees | |||
| Offering of Investments | |||
| Mobile Trading | |||
| Platforms & Tools | |||
| Research | |||
| Ease of Use | |||
| Education | |||
| Review | Hargreaves Lansdown Review | Interactive Investor Review | Fineco Bank Review |
| Winner | check_circle |
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.
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.
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.
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.
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
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