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Hargreaves Lansdown Review

  • Regulated by: Financial Conduct Authority
  • Safety: segregates client funds
  • Trust Rating: A
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Losses can exceed deposits. Your capital is at risk.

Hargreaves Lansdown offer one way to trade: Share dealing.

To open a live account, you’ll need a minimum deposit of at least $200. Alternatively, Hargreaves Lansdown offer a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by the Financial Conduct Authority, UK (FRN: 115248). Hargreaves Lansdown puts all client funds in a segregated bank account and uses tier-1 banks for this. Hargreaves Lansdown have been established since 1981, and have a head office in .

Before we dive into some of the more detailed aspects of Hargreaves Lansdown’s spreads, fees, platforms and trading features, you may want to open Hargreaves Lansdown‘s website in a new tab by clicking the button below in order to see the latest information directly from Hargreaves Lansdown.

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Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

PROS

  • Segeregates client funds
  • Established in 1981
  • Regulated by Financial Conduct Authority
  • Min. deposit from $200

CONS

What are Hargreaves Lansdown's spreads & fees?

The spreads displayed below are based on the minimum spreads listed on Hargreaves Lansdown’s website. The colour bars show how competitive Hargreaves Lansdown’s spreads are in comparison to other popular brokers featured on BrokerNotes.

Hargreaves Lansdown fixed spread is not available. If you believe this is incorrect please fill in our form

Hargreaves Lansdown variable spread is not available. If you believe this is incorrect please fill in our form

See all Spreads

Example: How much would it cost to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) at an exchange rate of 1.1719 and then sell it the next day at the same price you could expect these fees:

Hargreaves Lansdown AvaTrade Plus500
Spread from: $0.00 $7.00 $10.00
Typical overnight fee: $0.00 $5.00 $9.40
Commission: 0 0 0
Total cost of a 100k trade: $0 $12 $19.4
+$12.00 more +$19.40 more
Visit HL Markets Visit AvaTrade Visit Plus500

All fees/prices are for informational purposes and are subject to change. Last updated: 17/11/2017.

General Fees

  • Hargreaves Lansdown does charge inactivity fees
  • Hargreaves Lansdown withdrawal fees varies on payment method

Overnight fees & swap rates

When you hold a position overnight, it is usually subject to overnight interest which you must pay to your brokerage (sometimes called a rollover fee or swap rate).

  • the roll over fee for long positions on EUR/USD is $Not available
  • the roll over fee for short positions on EUR/USD is $Not available

Commissions

  • Hargreaves Lansdown does charge commission on CFD shares

What instruments can you trade with Hargreaves Lansdown?

FX / Currencies HL Markets AvaTrade Plus500
# of forex pairs offered
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies Yes Yes Yes
Commodity CFDs Hargreaves Lansdown AvaTrade Plus500
# of commodities offered
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs Hargreaves Lansdown AvaTrade Plus500
# of Stocks offered 99 1816
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
See HL Markets's Instruments See AvaTrade's Instruments See Plus500's Instruments

What's the Hargreaves Lansdown trading experience like?

1) Platforms and apps

Hargreaves Lansdown offer a user-friendly custom trading platform, available as both a downloadable program or as a broswer based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.

Hargreaves Lansdown Screenshot See HL Markets's Platforms

Hargreaves Lansdown also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you‘re on the move.

See HL Markets's platforms

Trading Features:

  • Allows scalping
  • Allows hedging
  • Low min deposit

Accounts offered:

  • Demo account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

Hargreaves Lansdown allow you to execute a minimum of trade of £1. This may vary depending on the account you open. Hargreaves Lansdown allow you to execute a maxium trade of Variable.

As a market maker, Hargreaves Lansdown may have lower entry requirements compared to a ECN broker who benefit from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, Hargreaves Lansdown offer margin up to 0.005% on currencies.

Finally, we‘ve listed some of the popular funding methods that Hargreaves Lansdown offers its traders on the right.

Funding methods:

  • Credit cards
  • Bank Transfer

3) Client support

Hargreaves Lansdown support a wide range of languages including English, French, German, Spanish, Portuguese

Hargreaves Lansdown have a BrokerNotes A support rating because Hargreaves Lansdown offer over three languages.

About Hargreaves Lansdown

A Review & Guide to Trading with Hargreaves Lansdown

Hargreaves Lansdown PLC is a successful financial service company based in Bristol. It is regulated by the Financial Conduct Authority.

Hargreaves Lansdown PLC is currently the UK’s largest fund supermarket. It is a constituent of the FTSE 100. It trades on the London Stock Exchange with the ticker symbol HL., under the name of HARGREAVES LANS. It specialises in fund, pension, wealth and annuity management, stock brokerage and financial advice.

Its flagship Wealth 150 funds list is attracting hoards of investors. Competitors are following in the company’s footsteps, dishing out attractive lists of their own. Wealth 150 has no less than 91 funds and Wealth 150+ comprises the best 28 from the previous list.

Hargreaves Lansdown website

Transaction fees

Hargreaves Lansdown currently offer execution-only online stock trading compatible with two types of accounts. You can opt for either the share account or the active trader service. The choice is not a matter of personal preferences. You should bear in mind that the two accounts are different only in regards to trade volume and associated benefits. Transaction costs start at £11.95 and decrease with the number of deals. They are calculated based on the number of online or mobile app transactions completed the previous calendar month. Shares, investment trusts and exchange traded funds fall into this category. If 10 to 19 deals were completed, the dealing charge is £8.95 per deal. Investors who trade 20 or more assets will be charged £5.95 per deal. Phone and pot dealings are charged at 1 per cent, with a threshold of £20 minimum and £50 maximum. Dividend reinvestment is charged at 1 per cent, or a minimum of £1 and a maximum of £10. When dealing in equity regular savings, a charge of £1.5 per stock will be deducted monthly.

As of April 2014, it has become illegal for platforms to charge fund providers commissions. So, Hargreaves Lansdown no longer take 0.25 per cent out of the 1.5 per cent annual management fee for advising clients. Instead, Hargreaves Lansdown now charge tiered pricing. A fee of 0.45 per cent is applicable to the investor’s holdings in open-ended funds, if they amount to no more than £250,000. Holdings between £250,000 and £1 million are charged 0.25 per cent. Those reaching £2 million are charged 0.25 per cent. Fees are not applied to holdings larger than £2 million. Cash investments are also exempt from any fees. When it comes to fund and share accounts, Hargreaves Lansdown do not charge any annual management fees. However, NISA accounts incur a fee of 0.45 per cent per year, with a maximum threshold of £45 yearly. Similarly, SIPP accounts charge the same percentage, but are capped at no more than £200 a year.

Additional charges

On top of the dealing charges mentioned above, limit orders placed online are charged £10 per deal. On the other hand, those placed online are free. All deals are subject to UK Stamp duty, which amounts to 0.5 per cent. In the case of residual shares, this amount is subsequently rounded up to the nearest £5. The Panel on Takeovers and Mergers levy applies, as well, to UK share deals above £10,000, and it amounts to £1.

Registering for an online account

You should be able to appreciate the advantages of having an Active Trader account immediately or after a few weeks. Your returns depend on the volume of your transactions. Completing 20 or more transactions per month saves you £6 per deal, as compared to dealing 9 or less.

Signing up for your very own Hargreaves Lansdown account is a straightforward matter. The account sign-up page takes you through the process of registering for various types of accounts. These include a fund and share account, a stocks and shares NISA and a SIPP, or Self Invested Personal Pension account. The website is user-friendly and fully functional. The website does not disappoint, as other execution-only platform do. Users are given the necessary tools and market information to make their own trading decisions. Still, a few isolated deals per year do not justify the monthly fees payable to Hargreaves Lansdown. Having access to the online account comes at a price. When large amounts are involved, investors should consider trading regularly. Registering for the online account is straightforward. The form requires you to enter your personal information and client number. This number is provided in the account confirmation letter you receive by post.

Account features

Having an online account entitles you to many innovative website features. A stock market report and a sector report keep you up to date with the latest international influences on global stock markets.

A ‘Top of the stocks’ section reveals the most traded stocks in the previous week. It compares the percentage share of the deals and the value of transactions on total weekly dealings. Additionally, every registered member receives free market updates via e-mail. These include share research, broker comments and tips, as well as FTSE 100 faller and riser updates. The website also features a Knowledge Centre. This functions as a list of frequently asked questions and answers. Index tracker funds, investment trusts, split capital trusts, annuities and many other services are explained in detail.

Top of the stocks

A section of the website is dedicated to helpful investment ideas. The Wealth 150+ list and the Master Portfolios are featured heavily throughout the website. Master Portfolios are five ready-made investment portfolios dedicated to long-term investors. With funds from all the main industry sectors managed by specialists, they can suit any level of risk an investor may opt for. Five categories of portfolio style are included. The result of any query is a list of three suggestions based on investment size, risk adversity and preferred return timeframes and levels.

The live share price available on their website is free of charge and constantly updated. It gives you access to your portfolio at all times. Market cap, previous close, trade high and low and total volume are available. Alongside these figures, broker preference charts and recent graphs are at your disposal. Share prices are live, continuously updated and available for you to view and compare at any time, free of charge. Your portfolio valuation is included in the service.

The website gives you access to a wide selection of funds and it even enables you to deal in overseas shares. American, European, Canadian and British shares can be traded from the comfort of your own home. Gilts, investment trusts, corporate bonds and exchange traded funds are just some of the products you can manage online using the website.

Perhaps one of the most attractive features of the website is that you can set your own price for buying and selling particular shares as early as 30 days in advance. You will also be notified when your targeted value has been reached, so that you can limit your orders and minimise your losses.

Should you choose to opt for the automatic dividend reinvestment tool, you will have the added advantage of knowing that whenever your dividends reach your preferred level, they will be reinvested so that you may reap even larger future benefits. This is a low-cost dividend reinvestment scheme with a good deal of flexibility, which gives you peace of mind.

You can also take advantage of the Price Improvement Service, which can poll no less than thirty market markers at any one time, giving you the best price and ensuring higher revenues with considerable savings on your buys and sells.

Some of the other benefits of signing up with HL are the interactive charts, the share price alerts, the research reports, the sector reports and the free, unbiased share tips. Also, let’s not forget the Shareholder Perks section, where you have a detailed account of the discounts and freebies offered to company shareholders for holding a certain amount of shares. Not only will you earn dividends for buying your shares through this award-winning stockbrokring platform, but you’ll also be able to use your shareholder status to take advantage of cruise, shopping, flight and food discounts, among many others. Exhibits, company tours and shareholder meetings are also available for shareholders who own a certain amount of shares and hold certain types of shares, so browse through the section before deciding what company you’d like to invest in.

Access HL remotely

The HL Live mobile app is available for download from the company’s website free of charge and is compatible with iOS and Android operated devices. It gives users free access to updated prices and indices, as well as the latest news and research available on the market. It features share, fund and ETF dealing capabilities, interactive performance charts and watchlists for personalised fund and share account users. Additionally, Vantage Account holders can login remotely at any time and securely using this app. To gain access to all these perks, simply download your HL Live app from Google Play or the App Store.

HL mobile app

Disclaimer

Using a fund platform such as Hargreaves Lansdown allows you to hold funds managed by various fund managers in one place. Investments are held on your behalf in a ‘nominee’ account, meaning that you are entitled to your earnings as the beneficial owner, but are not the legal owner. Fund platform users are covered for up to £50,000 by the Financial Services Compensation Scheme, so investing any more than that will be a matter of trusting the platform.

Awards

Hargreaves Lansdown were voted ‘What Investment’ Reader’s Award Winner for Best Share Dealing Service of 2012, 2013. The company was also recently dubbed a ISA Recommended Provider, alongside the UK’s topmost Fund Supermarkets of May 2014. It was also named the Best Online Junior Stocks and Shares ISA Provider, the Best Mobile Trading Platform, the Best Financial Services Mobile Strategy/Campaign by MOMA, a Pension Adviser of the Year, and it was awarded various other prizes throughout the year. Sign up for your own account and find out why this fund supermarket is the best the industry can offer.

CFDs are leveraged products and can result in the loss of your capital. All information collected from http://www.hlmarkets.co.uk/ on November 21, 2017.