Written by StockBrokers.com
In this head to head comparison of Hargreaves Lansdown vs Lloyds Bank, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
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, Hargreaves Lansdown offers better pricing than Lloyds Bank 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 / £104.75 if in ISA. per year, while Lloyds Bank would cost £95 per year.
12 trades per year - Hargreaves Lansdown would cost £143.40 / £188.40 if in ISA. per year, while Lloyds Bank would cost £40 - £172 per year.
36 trades per year - Hargreaves Lansdown would cost £430.20 / £475.20 if in ISA. per year, while Lloyds Bank would cost £40 - £328 per year.
120 trades per year - Hargreaves Lansdown would cost £1,074 / £1,119 if in ISA. per year, while Lloyds Bank would cost £40 / £1,000 per year.
3 fund trades per year - Hargreaves Lansdown would cost £1 per year, while Lloyds Bank would cost £0 per year.
What type of trader are you?
New to the world of investing? See our picks for the Best UK Trading Platforms for Beginners. More experienced traders should read our guide to the Best UK Trading Platforms for Active Traders.
For UK investors seeking a comprehensive selection of investment options, both Hargreaves Lansdown and Lloyds Bank present strong offerings. These platforms allow for share trading, ETF investments, funds trading, and access to both corporate and government bonds. They both also support investment trusts trading and provide advisor services to guide investors through their financial journey. Notably, neither Hargreaves Lansdown nor Lloyds Bank offers crypto trading, spread betting, or CFD trading, which may or may not influence your choice based on your investment preferences.
In terms of recognition, both platforms received 5-star ratings for investment choices from UK.StockBrokers.com. However, when compared to a pool of 21 brokers, Hargreaves Lansdown ranks slightly higher at 4th place, while Lloyds Bank holds the 8th position. This ranking indicates a marginally broader or more refined suite of investment choices with Hargreaves Lansdown, making it a favored choice for those prioritizing diverse investment options.
| Feature |
Hargreaves Lansdown
|
Lloyds Bank
|
|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | No | No |
| ETFs | Yes | Yes |
| Funds | Yes | Yes |
| Bonds - Government (Gilts) | Yes | Yes |
| Investment Trusts | Yes | Yes |
| Spread Betting | No | No |
| Crypto Trading | No | No |
| Advisor Services | Yes | Yes |
| Investment Choices |
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Low-cost US and UK shares.
Professional’s Gateway to the World’s Markets.
When comparing Hargreaves Lansdown and Lloyds Bank for trading tools, Hargreaves Lansdown clearly leads with its rich features. It allows users to display corporate events like earnings, splits, and dividends directly on charts, a feature not available with Lloyds Bank. Additionally, Hargreaves Lansdown provides 11 drawing tools and 15 technical indicators for charting, while Lloyds Bank offers none. This comprehensive toolset is complemented by the ability to add index and stock overlays on charts. Both platforms do allow the creation of alerts for stock price updates and have browser-based trading platforms; however, Hargreaves Lansdown provides access to real-time market data, unlike Lloyds Bank.
Despite some similarities in fundamental offerings such as browser-based trading and alert creation, the advanced charting capabilities make Hargreaves Lansdown a more attractive option for traders looking for in-depth analysis tools and real-time market information. While neither platform offers the ability to add notes to charts, Hargreaves Lansdown’s array of features and chart customizations position it as the superior choice for UK investors seeking a feature-rich online trading experience.
| Feature |
Hargreaves Lansdown
|
Lloyds Bank
|
|---|---|---|
| Web Platform | Yes | Yes |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 15 | 0 |
| Charting - Drawing Tools | 11 | 0 |
| Charting - Notes | No | No |
| Charting - Display Corporate Events | Yes | No |
| Charting - Stock Overlays | Yes | No |
| Charting - Index Overlays | Yes | No |
For UK investors seeking retirement account options, both Hargreaves Lansdown and Lloyds Bank provide Individual Savings Accounts (ISAs) and Self-Invested Personal Pensions (SIPPs). Hargreaves Lansdown, known for its user-friendly online platform, offers a wide range of investment choices within their ISAs and SIPPs, appealing to those who prefer managing investments digitally. Meanwhile, Lloyds Bank provides similar account options with the advantage of in-person banking services, catering to customers who value face-to-face assistance alongside their pension planning. Whether you prioritise digital convenience or in-branch support, both institutions offer substantial paths for securing your financial future.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
When comparing the mobile apps of Hargreaves Lansdown and Lloyds Bank, both platforms offer apps for iPhone and Android users, enhancing accessibility for investors on the go. Hargreaves Lansdown's app impresses with a 4.5-star rating from UK.StockBrokers.com, securing the 10th spot out of 21 brokers. Meanwhile, Lloyds Bank's app receives a 3.5-star rating and ranks 17th, suggesting a comparatively less appealing user experience. This analysis highlights Hargreaves Lansdown as a more highly rated choice for those prioritizing mobile usability in their investment activities.
Dive deeper: Best Stock Trading Apps UK.
When comparing educational resources for beginner investors between Hargreaves Lansdown and Lloyds Bank, UK investors may find Hargreaves Lansdown to be more advantageous. Hargreaves Lansdown stands out in offering educational webinars, albeit not archived for on-demand access, and provides insightful guidance on key topics like share trading, funds, and retirement planning. In contrast, Lloyds Bank does not offer these resources. Hargreaves Lansdown boasts a 5-star rating from UK.StockBrokers.com and ranks fourth among 21 brokers for beginner education, demonstrating its commitment to investor learning. Meanwhile, Lloyds Bank has a respectable 4-star rating but is positioned at the 14th spot, indicating less comprehensive educational support for beginners. Overall, Hargreaves Lansdown appears to be a better option for novice investors seeking in-depth educational materials.
| Feature |
Hargreaves Lansdown
|
Lloyds Bank
|
|---|---|---|
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | No |
| Education (Share Trading) | Yes | No |
| Education (Funds) | Yes | No |
| Education (Retirement) | Yes | No |
| Education |
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|
Dive deeper: Best UK Trading Platforms for Beginners.
When comparing the market research features of Hargreaves Lansdown and Lloyds Bank, both platforms offer investors research reports for funds, shares, ETFs, and bonds. However, only Hargreaves Lansdown provides a detailed look at portfolio allocation by asset class, giving investors a clearer understanding of their investment distribution. While both brokers cover a range of investment types, neither platform offers research into CFDs. For UK investors, Hargreaves Lansdown's additional feature of viewing asset class allocation could offer a more comprehensive overview of one's portfolio.
| Feature |
Hargreaves Lansdown
|
Lloyds Bank
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - CFDs | No | No |
| Research - ETFs | Yes | Yes |
| Research - Bonds | Yes | Yes |
| Research - Funds | Yes | Yes |
| Fund Research - Research Reports | Yes | Yes |
| Portfolio Allocation Breakdown | Yes | No |
Which broker is better overall, Hargreaves Lansdown or Lloyds Bank? After collecting more than 900 data points over a 10-week period, we found Hargreaves Lansdown to be a better trading platform overall.
As the U.K.’s biggest investment platform for individual investors, Hargreaves Lansdown offers a wide range of investment choices for either beginners or seasoned investors. However, its fees are generally more expensive than rival brokers, which can become an issue for large investment pots.
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Lloyds Bank
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Neither Hargreaves Lansdown nor Lloyds Bank offer cryptocurrency trading, emphasizing their focus on traditional financial services and investment products.
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0 of 5| Overall Rating | Hargreaves Lansdown | Lloyds Bank | |
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| Review | Hargreaves Lansdown Review | Lloyds Bank Review | |
| Winner | check_circle |
| Investments | Hargreaves Lansdown | Lloyds Bank | |
|---|---|---|---|
| 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 | Yes |
| Trading Fees | Hargreaves Lansdown | Lloyds Bank | |
|---|---|---|---|
| Minimum Deposit | £1 | £0 | |
| Share Trading: 0-9 Deals/ Month | £11.95 | £8 - £11 | |
| Share Trading: 10-19 Deals/ Month | £8.95 | £8 | |
| Share Trading: 20+ Deals/ Month | £5.95 | £8 | |
| 5 trades per year (£30k portfolio) | £59.75 / £104.75 if in ISA. | £95 | |
| 12 trades per year (£30k portfolio) | £143.40 / £188.40 if in ISA. | £40 - £172 | |
| 36 trades per year (£30k portfolio) | £430.20 / £475.20 if in ISA. | £40 - £328 | |
| 120 trades per year (£30k portfolio) | £1,074 / £1,119 if in ISA. | £40 / £1,000 | |
| 3 fund trades per year (£30k portfolio) | £135 | £44.50 | |
| Annual Custody Fee: £0 - £250,000 | Up to £1,125 | £40 | |
| Annual Custody Fee: £250K-£500K | Up to £625 | £40 | |
| Annual Custody Fee: £500,000 - £1m | Up to £1,250 | £40 | |
| Annual Custody Fee: £1m and over | Up to £1,000 | £40 | |
| Bonds - Corporate - Fee | £20 - £50 | £8 - £11 | |
| Bonds - Government (Gilts) - Fee | £20 - £50 | £8 - £11 | |
| ETFs - Fee | £5.95 - £11.95 | £8 - £11 | |
| Investment Trusts - Fee | £5.95 - £11.95 | £8 - £11 | |
| Telephone Dealing Fee | £20 - £50 | £35 |
| Broker Screenshots | Hargreaves Lansdown | Lloyds Bank | |
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| Platforms & Tools | Hargreaves Lansdown | Lloyds Bank | |
|---|---|---|---|
| Web Platform | Yes | Yes | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 15 | 0 | |
| Charting - Drawing Tools | 11 | 0 | |
| Charting - Notes | No | No | |
| Charting - Display Corporate Events | Yes | No | |
| Charting - Stock Overlays | Yes | No | |
| Charting - Index Overlays | Yes | No |
| Research | Hargreaves Lansdown | Lloyds Bank | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | No | No | |
| Research - Funds | Yes | Yes | |
| Fund Research - Research Reports | Yes | Yes | |
| Research - ETFs | Yes | Yes | |
| Research - Bonds | Yes | Yes | |
| Portfolio Allocation Breakdown | Yes | No |
| Education | Hargreaves Lansdown | Lloyds Bank | |
|---|---|---|---|
| Education (Share Trading) | Yes | No | |
| Education (Funds) | Yes | No | |
| Education (Retirement) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No |
| Overall Summary | Hargreaves Lansdown | Lloyds Bank | |
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| Review | Hargreaves Lansdown Review | Lloyds Bank Review | |
| Winner | check_circle |
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