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.
Hargreaves Lansdown and Lloyds Bank are both prominent choices when it comes to investment accounts in the UK, providing a variety of options to suit different investor needs. Both platforms support share trading, ETF trading, fund trading, corporate bonds, government bonds, and investment trusts. However, neither offers crypto trading, spread betting, nor CFD trading. Additionally, both Hargreaves Lansdown and Lloyds Bank provide advisor services to guide their clients through investment decisions.
In terms of recognition, both Hargreaves Lansdown and Lloyds Bank have received a full five-star rating for investment choices by UK.StockBrokers.com. However, Hargreaves Lansdown is ranked slightly higher at 4th out of 18 brokers, compared to Lloyds Bank, which is ranked 8th. Whether you're experienced in the financial markets or just starting, both of these platforms present comprehensive options to help you develop a diversified investment portfolio.
| 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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Professional’s Gateway to the World’s Markets.
Low-cost US and UK shares.
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 trading experiences of Hargreaves Lansdown and Lloyds Bank, both offer convenient iPhone and Android apps, ensuring accessibility for all users. However, Hargreaves Lansdown comes out ahead with a strong rating of 4.5 stars from UK.StockBrokers.com, placing it 10th among 18 brokers for mobile apps. In contrast, Lloyds Bank's app receives a modest 3.5 stars, ranking 17th in the same list. This suggests Hargreaves Lansdown provides a more user-friendly experience, appealing to those looking for higher-rated mobile trading services.
Dive deeper: Best Stock Trading Apps UK.
For UK beginner investors seeking educational resources, Hargreaves Lansdown offers a more comprehensive experience than Lloyds Bank. Hargreaves Lansdown provides educational client webinars and covers topics like share trading, funds, and retirement, achieving a five-star rating from UK.StockBrokers.com and ranking 4th out of 18 brokers. In contrast, Lloyds Bank does not offer webinars or cover these investment topics, resulting in a four-star rating and a rank of 14th. Although neither broker offers archived webinar viewing, Hargreaves Lansdown's offerings make it a more appealing choice for newcomers eager to learn about investing basics.
| 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, £10, £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 | ||
| Investment Trusts - Fee | £5.95 - £11.95 | ||
| 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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