Hargreaves Lansdown vs Interactive Brokers, Who's Better?
Charles Seymour
Last Updated: 28-Mar-2024
Read our In-Depth Hargreaves Lansdown vs Interactive Brokers Review - for 2024
This Hargreaves Lansdown vs Interactive Brokers review has been updated for 2024 from industry experts boasting significant financial experience across CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of Hargreaves Lansdown vs Interactive Brokers does not apply to all countries as follows:
Hargreaves Lansdown Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Interactive Brokers Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Hargreaves Lansdown vs Interactive Brokers
Every online trading platforms will have a few ups and downs, so a complete Hargreaves Lansdown and Interactive Brokers review should not be regarded as thorough without adopting an objective perspective.
Examine Interactive Brokers and Hargreaves Lansdown to understand just how they compare to one another prior to you decide to make an account. A comprehensive comparison helps to place factors in perspective in order that you're informed about what to expect.
So you are looking for an online trading platform and are choosing between Hargreaves Lansdown or Interactive Brokers. Who is better in 2024?
This Hargreaves Lansdown vs Interactive Brokers comparison contains the latest information so you can easily compare Interactive Brokers against Hargreaves Lansdown.
If you're a new entrant in the realm of trading and brokerages, so many facts will be perplexing for you. Getting into the area of trading requires expert assessing skills and comprehensive knowledge. You'll acquire adept at all of the concepts of broker since you continue trading. For starters, you need to choose the ideal broker who will be clear with you constantly.
In this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment plan has the potential to create hefty returns. Hargreaves Lansdown and Interactive Brokers are two such platforms which will take you and your investment into great heights. It is important to compare Hargreaves Lansdown vs Interactive Brokers before you trust them with your money.
Our Hargreaves Lansdown vs Interactive Brokers comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Hargreaves Lansdown and Interactive Brokers side by side.
Our entire Hargreaves Lansdown vs Interactive Brokers Review covers everything you will need to learn about trading with either Hargreaves Lansdown or Interactive Brokers. A good agent can multiply your initial investments and give you favorable profits. If you want to make profits, you must trade with a brokerage service that contrasts with your investment goals.
There is no sure-fire way to ensure profits; therefore, you must carefully assess your broker before you select them. It is a frequent misconception that all agents will be the same, but that is not true. Wrong judgment, in the beginning, can put your investments in danger.
Hargreaves Lansdown and Interactive Brokers are both brokers which have found their way successfully into the broker world. Within this review, we've attempted to collate a number of the important aspects of both Hargreaves Lansdown and Interactive Brokers. This review can help you to know whether either Interactive Brokers or Hargreaves Lansdown is a good match for your own investments or not. We've tried to breakdown all of the features and fees for your advantage.
Benefits of Hargreaves Lansdown and Interactive Brokers Compared
Hargreaves Lansdown offers a minimum deposit of $200 while Interactive Brokers has a $1 minimum deposit.
Why smaller minimum deposits are good and how Hargreaves Lansdown and Interactive Brokers compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
Hargreaves Lansdown allows you to trade around 100 financial instruments whilst Interactive Brokers allows you to trade around 100 financial instruments available.
The more financial instruments you can trade on the Hargreaves Lansdown and Interactive Brokers platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of Hargreaves Lansdown or Interactive Brokers.
Hargreaves Lansdown and Interactive Brokers Contact Details
Being able to contact a broker easily is important. Hargreaves Lansdown and Interactive Brokers have the following contact details and social medias that you can use.
Broker | Hargreaves Lansdown | Interactive Brokers |
---|---|---|
Telephone Number | +1 203 618 5800 | |
support@interactivebrokers.com | ||
Address | One Pickwick Plz, Greenwich, Connecticut 06830, US | |
Hargreaves Lansdown Twitter Account | Interactive Brokers Twitter Account | |
Hargreaves Lansdown Facebook Page | Interactive Brokers Facebook Page | |
Hargreaves Lansdown Instagram Account | Interactive Brokers Instagram Account | |
Hargreaves Lansdown LinkedIn Page | Interactive Brokers LinkedIn Page | |
YouTube | Hargreaves Lansdown YouTube Channel | Interactive Brokers YouTube Channel |
Find Out More |
|
|
Interactive Brokers and Hargreaves Lansdown Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing Hargreaves Lansdown and Interactive Brokers will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of the apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
Hargreaves Lansdown vs Interactive Brokers - Awards
Broker | Hargreaves Lansdown | Interactive Brokers |
---|---|---|
Awards | At the time of writing this Hargreaves Lansdown review, and despite Hargreaves Lansdown’s impressive offering, the company has surprisingly not garnered any awards to date. |
Interactive Brokers have won many industry awards over the years they have been running as an online broker. We list the most notable awards for Interactive Brokers below.
|
Find Out More |
|
|
Hargreaves Lansdown vs Interactive Brokers - Frequently Asked Questions
Hargreaves Lansdown vs Interactive Brokers - Headquarters And Year Of Founding
Hargreaves Lansdown was founded in 1981 and has its headquaters in UK.
Interactive Brokers was founded in 1977 and has its headquaters in United States.
What is the minimum deposit for Interactive Brokers or Hargreaves Lansdown
The minimum deposit for Hargreaves Lansdown is $200.
The minimum deposit for Interactive Brokers is $1.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Hargreaves Lansdown and Interactive Brokers are a good option.
Hargreaves Lansdown vs Interactive Brokers - Regulation And Licencing In More Detail
Hargreaves Lansdown is regulated by Financial Conduct Authority (FCA).
Interactive Brokers is regulated by the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Australian Securities and Investments Commission (AFSL: 453554) and is a participant of ASX, ASX 24 and Chi-X Australia. Is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Is authorised and regulated by the Financial Conduct Authority. FCA register entry number 208159. Is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Is regulated by the Central Bank of Ireland (CBI, reference number C423427). Is licensed and regulated by the Central Bank of Hungary (Magyar Nemzeti Bank) under no. H-EN-III-623/2020. Is regulated by the Hong Kong Securities and Futures Commission. Is a member of NSE, BSE, SEBI. Regn. No. SEBI Registration No. INZ000217730; NSDL: IN-DP-NSDL-301-2008. CIN-U67120MH2007FTC170004. Is regulated by Kanto Local Finance Bureau (Registration No.187). Is licensed and regulated by the Monetary Authority of Singapore (Licence No. CMS100917)..
Both Hargreaves Lansdown and Interactive Brokers have a strong set of rules for ensuring honest trading on their individual platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
In accordance with their individual privacy regulations, client information is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare Hargreaves Lansdown vs Interactive Brokers Commission And Fees
Hargreaves Lansdown and Interactive Brokers are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled better. That is, an online broker isn't necessarily influenced by the amount of clients they have.
But this doesn't mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are mainly 3 types of penalties for this purpose.
The first kind of charges to look out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you are charged trading fees. In these cases, you are paying a spread, funding speed, or even a commission. The sorts of trading fees and the prices differ from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the flip side, a spread denotes the gap between the buying and selling price. Funding or overnight rates are people that are charged when you maintain a leveraged position for more than a day.
Aside from trading charges, online brokers also bill non-trading fees. These are dependent on the activities you undertake on your account. They're charged for operations like depositing money, not trading for long periods, or withdrawals.
Generally, neither Hargreaves Lansdown or Interactive Brokers charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for people who regularly trade, for example weekly or daily trading.
However, non-trading fees billed by Hargreaves Lansdown and Interactive Brokers are comparatively greater. Consequently, you are charged more for non-trading activities in your trading accounts, like withdrawal and deposits. These aren't related to the purchase and sale of assets.
This Hargreaves Lansdown vs Interactive Brokers review for 2024 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For Hargreaves Lansdown And Interactive Brokers
What Languages Do Hargreaves Lansdown And Interactive Brokers Support?
Being able to talk completely with your trading platform is a key part of comparing trading platforms to find the best broker. Not only for support but to ensure you understand everything on their site and inside their app as it is a key part of success when trading forex.
Below you will find the languages that both Hargreaves Lansdown and Interactive Brokers offer communication in.
How Many Clients Do Hargreaves Lansdown and Interactive Brokers Have?
Both Hargreaves Lansdown and Interactive Brokers are well established with their customer base. It is important to work with an online broker that is reputable and one of the easiest ways of establishing this is by knowing how many clients they already work with.
Below you will find details of how many customers Hargreaves Lansdown and Interactive Brokers are working with
What Payment Methods Do Hargreaves Lansdown and Interactive Brokers Accept?
Hargreaves Lansdown and Interactive Brokers both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at Hargreaves Lansdown and Interactive Brokers
What Can You Trade With Hargreaves Lansdown and Interactive Brokers?
Hargreaves Lansdown offers 100 trading instruments and Interactive Brokers offers 100.
Below you will find a full breakdown of what both Hargreaves Lansdown and Interactive Brokers offer.
Hargreaves Lansdown Review
Hargreaves Lansdown vs Interactive Brokers:
Table Of Contents
- Compare Hargreaves Lansdown vs Interactive Brokers
- Benefits of Hargreaves Lansdown and Interactive Brokers Compared
- Interactive Brokers and Hargreaves Lansdown Mobile App Comparison
- Hargreaves Lansdown vs Interactive Brokers - Awards
- Hargreaves Lansdown vs Interactive Brokers - Frequently Asked Questions
- What is the minimum deposit for Interactive Brokers or Hargreaves Lansdown
- Hargreaves Lansdown vs Interactive Brokers - Regulation And Licencing In More Detail
- Compare Broker Fees For Hargreaves Lansdown And Interactive Brokers
- What Languages Do Hargreaves Lansdown And Interactive Brokers Support?
- How Many Clients Do Hargreaves Lansdown and Interactive Brokers Have?
- What Payment Methods Do Hargreaves Lansdown and Interactive Brokers Accept?
- What Can You Trade With Hargreaves Lansdown and Interactive Brokers?