Plus500 Vs Hargreaves Lansdown

Category: Broker Guides | Author: Trading Brokers | Date: May 9, 2024

In the ever-evolving landscape of online trading, investors seek platforms that combine robust functionality with ease of use. Two prominent contenders in the financial market, Plus500 and Hargreaves Lansdown, have garnered significant attention. In this article, we embark on a comprehensive journey to compare these platforms, delving into their unique features, strengths, and weaknesses. By examining key aspects such as trading instruments, fees, user experience, and customer support, we aim to equip traders with the knowledge necessary to make an informed decision about their ideal trading partner.

Overview of Plus500



Plus500 is a renowned global fintech firm that offers an array of online trading services, including Contract for Difference (CFDs), share dealing, futures, and options. As a FTSE 250 company listed on the London Stock Exchange’s Main Market for Listed Companies, Plus500 has earned a strong reputation for its reliable order execution, advanced analytical tools, and access to real-time quotes. The platform boasts multiple global payment methods, ensuring convenience for its users. With a commitment to regulatory compliance, Plus500 operates under the oversight of various authorities in different jurisdictions, guaranteeing the security and protection of its clients’ data and funds.

Pros of Plus500

  • Diverse range of financial instruments, including CFDs, share dealing, futures, and options.
  • Reliable order execution and access to real-time quotes.
  • Advanced analytical tools for informed decision-making.
  • Multiple global payment methods for added convenience.
  • Sponsors well-known sports teams, showcasing its prominence.
  • Regulated by various authorities, ensuring data and fund security.

Cons of Plus500

  • Lack of in-depth educational resources for beginners.
  • Limited customer support options.
  • Inactivity fees for dormant accounts.
  • Availability of leverage may carry higher risk for inexperienced traders.
  • No direct ownership of underlying assets in CFD trading.

Founded in 2008, Plus500 is a regulated and leading online trading broker providing a large range of 2,000+ CFD instruments for trading on their proprietary trading platforms with very competitive trading conditions.

80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Overview of Hargreaves Lansdown

Hargreaves Lansdown

Hargreaves Lansdown

Hargreaves Lansdown, a reputable UK-based investment platform, caters to private investors with a comprehensive suite of services, including ISAs, pensions, funds, shares, and savings. With an impressive track record, Hargreaves Lansdown holds the distinction of being the UK’s No.1 investment platform, serving over 24 million active clients and facilitating transactions exceeding £800 billion. The platform’s appeal lies in its user-friendly accounts, offering a wide range of investment options at a low cost. Moreover, clients benefit from expert research and analysis, complemented by award-winning customer service. Hargreaves Lansdown further empowers investors through free investment guides, online tools, webinars, and podcasts, ensuring informed decision-making. As a leading investment platform, Hargreaves Lansdown remains committed to supporting investors in their pursuit of financial goals with reliability and dedication.

Pros of Hargreaves Lansdown

  • Comprehensive range of services, including ISAs, pensions, funds, shares, and savings.
  • Established as the UK’s No.1 investment platform, with a vast client base and substantial transaction volume.
  • User-friendly accounts and easy-to-navigate interface.
  • Wide investment choice with low-cost dealing options.
  • Access to expert research and analysis.
  • Provides free investment guides, online tools, webinars, and podcasts.

Cons of Hargreaves Lansdown

  • Charges may be higher compared to some other platforms.
  • Inactivity fees for dormant accounts.
  • Limited availability of certain niche investments.
  • Some users might find the website design slightly outdated.
  • Not all investment choices may suit highly experienced or sophisticated investors.
  • Additional fees for some services, such as withdrawals or fund switches.
  • Access to advanced trading tools may be limited for active traders.
Hargreaves Lansdown

Hargreaves Lansdown are a leading UK brokerage firm that has an excellent range of investment products and services. You can manage your investments from the user-friendly HL app and get access to some high-quality research and learning resources.

Investments can go down as well as up in value, so you could get back less than you put in.

Plus500 Vs. Hargreaves Lansdown: Choosing the Right Trading Platform

To determine which platform is more suitable for you, let’s compare Plus500 and Hargreaves Lansdown across various factors:


Both Plus500 and Hargreaves Lansdown operate under the regulatory oversight of the Financial Conduct Authority (FCA) in the UK, ensuring compliance with financial regulations and providing a level of protection for clients’ funds and personal data. Additionally, Plus500 boasts regulatory compliance with other authorities across various jurisdictions, including CySEC, ASIC, FMA, FSCA, MAS and DFSA, reinforcing its commitment to regulatory standards and client security.

Trading Platforms

Plus500 offers a user-friendly proprietary trading platform accessible via the web, downloadable software, and mobile app versions. Traders benefit from real-time quotes, advanced charting tools, indicators, and risk management features. Hargreaves Lansdown provides diverse platforms tailored to different investment types, including HL Markets for share dealing, HL Fund Finder for fund investing, and Active Savings for managing savings products. Each platform offers unique features and tools to cater to different investment needs.

Pricing and Fees

Plus500 operates on a commission-free model for CFD trading, deriving revenue from the bid-ask spread. Traders should be aware of additional costs like overnight funding fees, currency conversion fees, and withdrawal fees for specific payment methods. Hargreaves Lansdown implements varying fees, including dealing commissions for share dealing, annual account fees for holding shares in an ISA or SIPP, and fund management fees for fund investing. The Active Savings platform, however, does not involve fees for platform usage or transfers between savings products. However, Hargreaves Lansdown charges high fees for stocks and ETFs, as well as a currency conversion fee. Plus500 is more cost-effective for CFD traders, while Hargreaves Lansdown is more suitable for long-term investors.

Broker Type

Plus500 acts as a market maker broker, setting its own prices and acting as the counterparty to clients’ trades. While this setup may present a potential conflict of interest, Plus500 is obligated to adhere to regulatory guidelines, ensuring fairness, transparency, and best execution practices. Hargreaves Lansdown functions as an execution-only broker, executing clients’ orders at the best available prices sourced from liquidity providers. As an execution-only broker, Hargreaves Lansdown does not have a conflict of interest with clients’ trades, as it does not profit from their losses.


Plus500 offers leverage of up to 1:30 for CFD trading, allowing traders to amplify potential profits and losses. However, leverage involves a higher risk of significant losses due to market fluctuations. Plus500 also incorporates negative balance protection, ensuring that clients cannot lose more than the funds available in their trading account. Hargreaves Lansdown does not offer leverage for share dealing or fund investing services. Consequently, traders are limited to trading with the amount of money they have in their account, reducing the risk of substantial losses due to market fluctuations.

Asset Selection

Plus500 offers a broad range of over 2,800 CFDs across various financial instruments, including shares, forex, indices, commodities, ETFs, and options. This broad selection allows traders to access markets worldwide, including prominent regions like the USA, UK, Germany, and others. Hargreaves Lansdown provides access to more than 10,000 global markets for share dealing, encompassing shares, investment trusts, ETFs, bonds, and more. Additionally, clients have access to a diverse pool of over 3,000 funds from renowned fund managers for fund investing.

Social Trading

Plus500 does not offer social trading features, such as copy trading or chat rooms. Hargreaves Lansdown also does not have social trading options, but it does provide a service called Portfolio+, which allows investors to follow ready-made portfolios created by experts. Neither broker is ideal for social trading enthusiasts.

Minimum Deposit

Plus500 requires a minimum deposit of $100 for most funding methods, while Hargreaves Lansdown does not have a minimum deposit for basic accounts but has minimum requirements for ISA and SIPP accounts. Plus500 does not charge any fees for deposits or withdrawals, whereas Hargreaves Lansdown offers additional benefits such as a 3% interest rate on cash ISA accounts and a cashback bonus for existing customers who meet certain deposit criteria.

Withdrawal and Deposit Methods

Plus500 offers a wide range of global payment methods, including credit/debit cards, bank transfers, and e-wallets like PayPal and Skrill. The processing time and potential fees associated with these methods may vary based on the chosen payment option and transaction amount. Hargreaves Lansdown provides a selection of payment methods for deposits and withdrawals, primarily including debit cards, bank transfers (CHAPS/Faster Payments), and cheques. Similar to Plus500, the processing time and any associated fees may vary depending on the specific payment method and transaction size.

Which Is Best for You?

Choosing between Plus500 and Hargreaves Lansdown largely depends on your specific trading preferences and investment goals. If you seek a user-friendly platform with access to a wide range of financial instruments and desire to trade CFDs, Plus500 might be the better fit. Their proprietary platform, multi-language support, and multiple payment methods cater to global traders. Moreover, if you value leverage options and are comfortable with a higher risk-reward ratio, Plus500’s leverage of up to 1:30 and negative balance protection could be appealing. On the other hand, if you prefer a diverse investment approach, Hargreaves Lansdown offers a variety of platforms for share dealing, fund investing, and managing savings products. As an execution-only broker, Hargreaves Lansdown eliminates conflicts of interest and prioritizes best execution practices. Furthermore, if social trading features and a wide range of global markets for share dealing and funds are essential to you, Hargreaves Lansdown may be the more suitable choice. Ultimately, carefully evaluating each platform’s offerings and considering your trading style and investment needs will help you make an informed decision.


In conclusion, the choice between Plus500 and Hargreaves Lansdown depends on your trading preferences and investment goals. If you value user-friendly CFD trading with leverage options, Plus500 may be best for you. Alternatively, if you seek a diverse investment approach and access to various global markets, Hargreaves Lansdown could be the better fit. Evaluate each platform’s offerings and consider your trading style to make an informed decision.

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