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Hargreaves Lansdown vs Lloyds Bank 2024

StockBrokers.com

Written by StockBrokers.com

February 01, 2024

Is Hargreaves Lansdown better than Lloyds Bank? After scoring the best share dealing accounts across 46 different variables, our analysis finds that Hargreaves Lansdown is better than Lloyds Bank. 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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Overall Rating Hargreaves Lansdown Lloyds Bank
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 4/5 Stars 4/5 Stars
Investment Choices 5/5 Stars 4.5/5 Stars
Mobile App 4.5/5 Stars 3.5/5 Stars
Website 4.5/5 Stars 4/5 Stars
Ease of Use 4.5/5 Stars 4/5 Stars
Education 5/5 Stars 3.5/5 Stars
Review Hargreaves Lansdown Review Lloyds Bank Review
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Investments Hargreaves Lansdown Lloyds Bank
ISA info Yes Yes
SIPP info Yes No
Share Trading info Yes Yes
CFD Trading info No No
Funds info Yes Yes
ETFs info Yes Yes
Bonds - Corporate info Yes Yes
Bonds - Government (Gilts) info Yes Yes
Investment Trusts info Yes Yes
Spread Betting info No No
Crypto Trading info No No
Advisor Services info Yes No
Trading Fees Hargreaves Lansdown Lloyds Bank
Minimum Deposit info £1 £0
Share Trading: 0-9 Deals/ Month info £11.95 £8, £10, £11
Share Trading: 10-19 Deals/ Month info £8.95 £8
Share Trading: 20+ Deals/ Month info £5.95 £8
5 trades per year (£30k portfolio) info £59.75 £40 - £95
12 trades per year (£30k portfolio) info £143.4 £40 - £172
36 trades per year (£30k portfolio) info £430.2 £40 - £412
120 trades per year (£30k portfolio) info £1074 £40 - £1084
3 fund trades per year (£30k portfolio) info £135 £40 - £44.50
Annual Custody Fee: £0 - £250,000 info Up to £1,125 £40
Annual Custody Fee: £250K-£500K info Up to £625 £40
Annual Custody Fee: £500,000 - £1m info Up to £1,250 £40
Annual Custody Fee: £1m and over info Up to £1,000 £40
Bonds - Corporate - Fee info £20 - £50 £8, £10, £11
Bonds - Government (Gilts) - Fee info £20 - £50 £8, £10, £11
ETFs - Fee info £5.95 - £11.95 £8, £10, £11
Investment Trusts - Fee info £5.95 - £11.95 £8, £10, £11
Telephone Dealing Fee info £20 - £50 £35
Broker Screenshots Hargreaves Lansdown Lloyds Bank
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Platforms & Tools Hargreaves Lansdown Lloyds Bank
Web Platform info Yes Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes No
Charting - Indicators / Studies info 15 0
Charting - Drawing Tools info 0 0
Charting - Notes info No No
Charting - Display Corporate Events info Yes No
Charting - Stock Overlays info Yes No
Charting - Index Overlays info Yes No
Research Hargreaves Lansdown Lloyds Bank
Research - Shares info Yes Yes
Research - CFDs info No No
Research - Funds info Yes Yes
Fund Research - Research Reports info Yes No
Research - ETFs info Yes Yes
Research - Bonds info Yes Yes
Portfolio Allocation Breakdown info Yes No
Education Hargreaves Lansdown Lloyds Bank
Education (Share Trading) info Yes No
Education (Funds) info Yes No
Education (Retirement) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info No No
Overall Summary Hargreaves Lansdown Lloyds Bank
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 4/5 Stars 4/5 Stars
Investment Choices 5/5 Stars 4.5/5 Stars
Mobile App 4.5/5 Stars 3.5/5 Stars
Website 4.5/5 Stars 4/5 Stars
Ease of Use 4.5/5 Stars 4/5 Stars
Education 5/5 Stars 3.5/5 Stars
Review Hargreaves Lansdown Review Lloyds Bank Review
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Comparing online share dealing platforms side by side is no small task. For our 2024 review of U.K. brokers, more than 900 data points were collected over a 10-week period and used to score each broker. Let’s compare Hargreaves Lansdown and Lloyds Bank.

Hargreaves Lansdown vs Lloyds Bank Comparison

For our 2024 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Hargreaves Lansdown vs Lloyds Bank.

Is Hargreaves Lansdown a good broker?

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.

Is Lloyds Bank a good broker?

It's easy for current Lloyds Bank customers to open a Lloyds Bank Share Dealing investment account. But there are other platforms that are easier, more comprehensive and cheaper to use, including Halifax, which is also owned by Lloyds Banking Group.

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, Lloyds Bank 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 £40 - £95 per year.

12 trades per year - Hargreaves Lansdown would cost £143.4 per year, while Lloyds Bank would cost £40 - £172 per year.

36 trades per year - Hargreaves Lansdown would cost £430.2 per year, while Lloyds Bank would cost £40 - £412 per year.

120 trades per year - Hargreaves Lansdown would cost £1074 per year, while Lloyds Bank would cost £40 - £1084 per year.

3 fund trades per year - Hargreaves Lansdown would cost £1 per year, while Lloyds Bank would cost £0 per year.

query_stats What type of trader are you?

New to the world of investing? See my picks for the best UK trading platforms for beginners. More experienced traders should check out my guide to the best UK Trading Platforms for Active Traders. If you're looking to trade shares on the go, read my guide to the best UK stock trading apps.

How do Hargreaves Lansdown and Lloyds Bank compare in terms of minimum deposits required?

Hargreaves Lansdown requires a minimum deposit of £1, while Lloyds Bank requires a minimum deposit of £0. From our testing we found for accounts between £0 - £250,000 Hargreaves Lansdown charges annual custody fees of Up to £1,125, while Lloyds Bank charges annual custody fees of £40.

Which broker offers a wider range of investment options?

Hargreaves Lansdown offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts and Advisor Services, while Lloyds Bank offers investors access to ISA, 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.

Do Hargreaves Lansdown and Lloyds Bank offer ISA or SIPP accounts?

Self-invested personal pensions (SIPPs) and individual savings accounts (ISAs) are tax-advantaged savings accounts that are an important tool for many individual investors. You can read more about how these accounts operate at Gov.UK: Click here for SIPP information and here for ISA information. Our analysis finds that Hargreaves Lansdown offers traders access to SIPP and ISA accounts, while Lloyds Bank offers traders access to ISA accounts.

Do Hargreaves Lansdown and Lloyds Bank offer cryptocurrency?

In our analysis of top brokers for share dealing in the U.K., we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum, which is still a somewhat rare offering amongst major U.K. brokers. Our review finds that neither Hargreaves Lansdown nor Lloyds Bank offer crypto investing.

Which broker offers a better website experience?

Our testing concluded that the website of Hargreaves Lansdown is better than the website of Lloyds Bank. Hargreaves Lansdown offers more functionality, is cleanly designed, and is, overall, easier to use for beginners and casual investors.

Which stock trading app is better?

To compare the trading platforms of both Hargreaves Lansdown and Lloyds Bank, we tested each broker's stock trading app. All features compared, our analysis finds that Hargreaves Lansdown offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.

Do Hargreaves Lansdown and Lloyds Bank offer educational resources?

Educational offerings are of particular importance to those who are newer to investing, and we examine the availability of several different types of educational materials in our analysis. Our research finds that Hargreaves Lansdown offers traders access to Client Webinars, Education (Share Trading), Education (Funds) and Education (Retirement), while Lloyds Bank offers access to neither of these. Neither have Client Webinars (Archived).

Overall winner: Hargreaves Lansdown

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