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Hargreaves Lansdown vs Lloyds Bank 2022

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is Hargreaves Lansdown better than Lloyds Bank? After scoring the best share dealing accounts across 46 different variables, Interactive Brokers is better than Hargreaves Lansdown. Professional traders are brilliantly serviced with the tools and capabilities of Interactive Brokers. Less-experienced traders benefit from the low commissions and excellent research available in the web-based Client Portal platform.

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Overall RatingHargreaves LansdownLloyds BankInteractive Brokers
Overall Rating4.5 Stars3.5 Stars4.5 Stars
Commissions & Fees3 Stars3 Stars4.5 Stars
Offering of Investments5 Stars4 Stars4.5 Stars
Mobile Trading4.5 Stars3.5 Stars4.5 Stars
Platforms & Tools4 Stars3 Stars4.5 Stars
Research4.5 Stars4 Stars5 Stars
Ease of Use4 StarsN/A4 Stars
Education4 Stars3.5 Stars3.5 Stars
ReviewHargreaves Lansdown ReviewInteractive Brokers Review
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InvestmentsHargreaves LansdownLloyds BankInteractive Brokers
ISAYesYesYes
SIPPYesYesYes
Share TradingYesYesYes
CFD TradingNoNoYes
FundsYesYesYes
ETFsYesYesYes
Bonds - CorporateYesYesYes
Bonds - Government (Gilts)YesYesYes
Investment TrustsYesYesYes
Spread BettingNoNoYes
Crypto TradingNoNoYes
Advisor ServicesYesYesNo
Trading FeesHargreaves LansdownLloyds BankInteractive Brokers
Minimum Deposit£1.0£0.0£0.0
Share Trading: 0-9 Deals/ Month£11.95£8 to 11£3
Share Trading: 10-19 Deals/ Month£8.95£8£3
Share Trading: 20+ Deals/ Month£5.95£8£3
5 trades per year (£30k portfolio)£59.75£47.5£15
12 trades per year (£30k portfolio)£143.4£172£36
36 trades per year (£30k portfolio)£430.2£436£108
120 trades per year (£30k portfolio)£1074£1000£360
3 fund trades per year (£30k portfolio)£135£44.5£24.75
Annual Custody Fee: £0 - £250,0000.45%£40 (flat)0%
Annual Custody Fee: £250K-£500K0.25%£400%
Annual Custody Fee: £500,000 - £1m0.25%£400%
Annual Custody Fee: £1m and over0.10%£400%
Bonds - Corporate - Fee1% (20-50) or £11.95£110.1% (for <10,000 EUR) 0.025% (for >10,000 EUR)
Bonds - Government (Gilts) - Fee1% £20 minimum£110.1% (2 euro min)
ETFs - Fee£11.95£11£3
Investment Trusts - Fee£11.95£11£4.95
Telephone Dealing Fee1% of the trade value, mininmum £20 maximum £50£2530 USD
Platforms & ToolsHargreaves LansdownLloyds BankInteractive Brokers
Web PlatformYesYesYes
iPhone AppYesYesYes
Android AppYesYesYes
Stock AlertsYesYesYes
Charting - Indicators / Studies208398
Charting - Drawing Tools11784
Charting - NotesNoYesYes
Charting - Display Corporate EventsYesNoYes
Charting - Stock OverlaysYesNoYes
Charting - Index OverlaysYesNoYes
ResearchHargreaves LansdownLloyds BankInteractive Brokers
Research - SharesNoYesYes
Research - CFDsNoYesYes
Research - FundsYesYesYes
Fund Research - Research ReportsYesNoNo
Research - ETFsYesYesYes
Research - BondsYesYesYes
Portfolio Allocation BreakdownYesYesYes
EducationHargreaves LansdownLloyds BankInteractive Brokers
Has Education - Share TradingYesYesYes
Has Education - FundsYesYesNo
Has Education - RetirementYesYesYes
Client WebinarsYesYesYes
Client Webinars (Archived)NoYesYes
Overall SummaryHargreaves LansdownLloyds BankInteractive Brokers
Overall Rating4.5 Stars3.5 Stars4.5 Stars
Commissions & Fees3 Stars3 Stars4.5 Stars
Offering of Investments5 Stars4 Stars4.5 Stars
Mobile Trading4.5 Stars3.5 Stars4.5 Stars
Platforms & Tools4 Stars3 Stars4.5 Stars
Research4.5 Stars4 Stars5 Stars
Ease of Use4 StarsN/A4 Stars
Education4 Stars3.5 Stars3.5 Stars
ReviewHargreaves Lansdown ReviewInteractive Brokers Review
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Hargreaves Lansdown vs Lloyds Bank Comparison

For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Hargreaves Lansdown vs Lloyds Bank.

Which broker is less expensive?

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, Interactive Brokers offers better pricing than Hargreaves Lansdown 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 Lloyds Bank would cost £47.5 per year.

12 trades per year - Hargreaves Lansdown would cost £143.4 per year, while Lloyds Bank would cost £172 per year.

36 trades per year - Hargreaves Lansdown would cost £430.2 per year, while Lloyds Bank would cost £436 per year.

120 trades per year - Hargreaves Lansdown would cost £1074 per year, while Lloyds Bank would cost £1000 per year.

3 fund trades per year - Hargreaves Lansdown would cost £135 per year, while Lloyds Bank would cost £44.5 per year.

Which broker offers a wider range of investment options?

Both Hargreaves Lansdown and Lloyds Bank offer ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts and Advisor Services, 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.

Which broker offers better research?

Our testing concluded that Interactive Brokers is better for research than Hargreaves Lansdown. Interactive Brokers offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better?

To compare the trading platforms of both Hargreaves Lansdown and Lloyds Bank, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, Interactive Brokers offers a better share dealing platform and Hargreaves Lansdown offers a better stock app for mobile trading.

Overall winner: Interactive Brokers

Read Next: Best UK Trading Platforms 2022


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