Comparing online share dealing platforms side by side is no small task. For our 2023 review of U.K. brokers, nearly 600 data points were collected over a 10-week period and used to score each broker. Let’s compare Hargreaves Lansdown and XTB.
Hargreaves Lansdown vs XTB Comparison
For our 2023 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Hargreaves Lansdown vs XTB.
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 XTB a good broker?
XTB has set itself up as a strong competitor in commission-free share trading. Its low fees and solid educational content will make XTB particularly attractive to newer investors. It does not, however, offer an ISA or SIPP.
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, XTB 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 XTB would cost £0 per year.
12 trades per year - Hargreaves Lansdown would cost £143.4 per year, while XTB would cost £0 per year.
36 trades per year - Hargreaves Lansdown would cost £430.2 per year, while XTB would cost £0 per year.
120 trades per year - Hargreaves Lansdown would cost £1074 per year, while XTB would cost £0 per year.
3 fund trades per year - Hargreaves Lansdown would cost £1.0 per year, while XTB would cost £0.0 per year.
How do Hargreaves Lansdown and XTB compare in terms of minimum deposits required?
Hargreaves Lansdown requires a minimum deposit of £1.0, while XTB requires a minimum deposit of £0.0. From our testing we found for accounts between £0 - £250,000 Hargreaves Lansdown charges annual custody fees of Up to £1,125, while XTB charges annual custody fees of 0.
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 XTB offers investors access to Share Trading, CFD Trading, Funds, ETFs and Spread Betting. Neither have 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 XTB 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 XTB offers traders access to neither of these accounts.
Do Hargreaves Lansdown and XTB 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 XTB 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 XTB. 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 XTB, 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 XTB 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 XTB offers access to Client Webinars, Client Webinars (Archived), Education (Share Trading) and Education (Funds).
Overall winner: Hargreaves Lansdown
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