Hargreaves Lansdown Review
Alyaziah Hayat | May 14, 2022
Table of Contents
Hargreaves Lansdown is a UK broker offering a range of trading instruments with flexible account types. I like how they have an array of research tools. However, I find it disappointing how they do not offer forex, CFD or crypto trading. This makes them a limited option for trading online compared to other online brokers who you can find through our broker ratings.
Broker Pros / Cons
- Financial Services Compensation Scheme (FSCS)
- Range of research tools
- Vast amount of trading instruments
- No forex, CFD or crypto trading
- No MetaTrader platform
- Restricted leverage
- Funding options are limited
- Fees not the lowest
- No online live chat support
Hargreaves Lansdown is a UK brokerage that offers a diverse range of investment products alongside top quality market research and a user-friendly mobile trading application. However, I found that the prices are not the cheapest whilst the trading tools and educational resources are average in comparison to other brokers such as Admirals.
Hargreaves Lansdown was founded in 1981 and is headquartered in Bristol, United Kingdom. They employ thousands of people and have millions of clients and billions of assets under their management. Despite the fees, I really like how the investment options provided to you is vast, with access to trade shares across twenty international exchanges.
Hargreaves Lansdown have been helping clients choose and manage investments since 1981. With billions of assets under management, the safety of your assets is their top priority. Hargreaves Lansdown Plc is a constituent of the FTSE 100, an index of the biggest listed companies in the UK.
If Hargreaves Lansdown cannot fulfil their financial obligations, eligible investors can claim under the Financial Services Compensation Scheme (FSCS), which can pay up to £85,000 to each investor. However, I suggest you go to their terms and conditions which is very specific.
Hargreaves Lansdown is authorised and regulated by the Financial Conduct Authority (FCA) and is bound by their rules and regulations in the conduct of our investment business. Hargreaves Lansdown Asset Management Limited is authorised by the FCA to hold client money and client assets. Hargreaves Lansdown Fund Managers Limited is authorised by the FCA to manage authorised investment funds (AIFs) and Undertakings for Collective Investment in Transferable Securities (UCITS).
Hargreaves Lansdown offers accounts for residents of the United Kingdom and the European Economic Area (EEA). If your country is not accepted by Hargreaves Lansdown, I recommend checking out our broker comparison tool for alternatives.
The Hargreaves Lansdown trading platforms are user friendly, with intuitive interfaces for a responsive trading experience and contain a collection of market research tools for assisting traders. I like how you can access and manage your account online via the free Android and iOS compatible apps. I would’ve liked to see them offer their services on the MT4 as well like other top brokers such as Instaforex.
Hargreaves Lansdown Trading App Features:
- Secure login with fingerprint, or Face ID on iPhone
- Keep track of your investments from anywhere in the world with an internet connection
- Manage your investments and view your history
- Link accounts to manage all from one place
- Deposit and withdraw whilst on the go
- Trade thousands of UK shares, bonds, ETFs, investment trusts, and over 3,000+ funds
- Trade overseas shares
- Receive live share prices
- Set stop and limit orders
- Track investments with watchlists
- Access detailed fund and share factsheets
- Track markets on the FTSE 100 and other UK and global indices
- Read the latest research from Hargreaves Lansdown’s experts and global market reports
Hargreaves Lansdown has a wide range of thorough market analysis and research tools to help you find potential investment opportunities and assist you with trading decisions. I like how there is a selection of guides, calculators and research available to help you choose investments and plan for the future.
The Hargreaves Lansdown investment platform gives you the flexibility to choose from a choice of investments which includes more than 2,500 funds, UK, US, Canadian and European shares, exchange-traded funds (ETFs), investment trusts, bonds and gilts. If you’re looking to trade with other investments like forex and crypto, you should check out Pepperstone.
You can choose to hold your investments in any of the flexible Hargreaves Lansdown accounts, which includes the low-cost dealing account where you can buy, sell and hold your investments in one, safe place. The account you opt for will depend on your individual goals. Whether you’re saving for retirement, just saving for the future or just want to trade, I like how there is an account to suit each individuals’ personal requirements.
Fees vary from £5.95 – £11.95 per UK share deal online. I like how it’s free to hold shares in the Fund and Share Account. Share dealing costs a maximum of £11.95 per UK deal online. For funds, there are no dealing charges and a maximum annual charge of 0.45%.
- Stocks and Shares ISA – Invest up to £20,000 (min £100). UK residents.
- Fund and Share Account – A flexible dealing account for anytime trading (min £1). UK and EAA Residents. Individuals, companies, investment clubs, trusts and charities.
- Savings and Trust Accounts – Variety of savings and trust accounts
Hargreaves Lansdown has a well-regarded helpdesk located in Bristol who are always on-hand to answer your questions in a prompt and efficient manner. I like how the specialist helpdesk aims to simplify your financial life by making it easy and straightforward to manage your investments.
Support is offered via telephone and email. The investment helpdesk is available Monday – Thursday: 8am – 7pm, Friday: 8am – 6pm and Saturday: 9.30am – 12.30pm. The dealing desk is available Monday – Friday: 8am – 9pm. I would’ve liked to see them provide a live chat online help option that is available 24/7 like other top brokers such as Plus500.
In addition to the expert customer support, I appreciate how there is also a collection of frequently asked questions (FAQs) on the website that covers a good amount of commonly asked questions related to your account, platforms and more.
The quickest and easiest way to add money to your Hargreaves Lansdown account is online with a debit card. You can also use wire transfer. There are no online payment systems such as Neteller, PayPal or Skrill. Please note that some methods may only be available to specific countries.
Some fees may be charged when using certain payment methods. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.
You can open an account online in less than 5 minutes with Hargreaves Lansdown. You will need to have your debit card and National Insurance number to hand as you need to provide your personal information and documents for verification. This is a normal part of the KYC procedures. Once your account has been verified you are able to fund it and commence trading. The friendly customer support team will be happy assist you should you need help during the account opening process.
|Broker Features||AvaTrade||IG||IC Markets|
|Regulated||ASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSA||FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF||ASIC, CySEC, FSA, SCB|
|Country||Australia, Ireland, South Africa, Japan, British Virgin Islands||Australia, UK, USA, Switzerland, UAE, Singapore, Japan||Australia, Seychelles, Bahamas, Cyprus|
|Min. Deposit||Min $250 Deposit||Min $100 Deposit||Min $200 Deposit|
|Commission||From $0||From $0||From $0|
|Instruments||Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFs||Forex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDs||Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs|
|Platforms||MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, Mobile||MetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, Mobile||MetaTrader 4, MetaTrader 5, cTrader, Web, Mobile|
|Type||Market Maker, STP||STP, ECN, DMA||ECN|
|Funding||Wire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, Skrill||Wire Transfer, Credit/Debit Cards, PayPal||Wire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli|
|Visit Broker||Visit Broker||Visit Broker||Visit Broker|
Hargreaves Lansdown is one of the largest brokers in the United Kingdom offering award-winning platforms with a range of different investment products and flexible account types. I like how they also have some useful trading tools and educational materials. However, it’s quite disappointing that they do not offer forex, CFD or cryptocurrency trading and that their funding options are also limited. The fees are also not the cheapest in comparison to other brokers like TD365 which have similar offerings as well.