Phoenix Markets vs Hargreaves Lansdown, Who's Better?
Phoenix Markets Rating
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Hargreaves Lansdown Rating
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Your capital is at risk |
Losses can exceed deposits |
Phoenix Markets vs Hargreaves Lansdown Guide |
Read our In-Depth Phoenix Markets vs Hargreaves Lansdown Review - Updated for 2024
This comprehensive analysis of Phoenix Markets and Hargreaves Lansdown has been updated to reflect any changes for 2024 by seasoned professionals with extensive expertise in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of Phoenix Markets vs Hargreaves Lansdown does not apply to all countries as follows:
Phoenix Markets Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, United States of America, and United Kingdom.
Hargreaves Lansdown Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Phoenix Markets vs Hargreaves Lansdown
Every online trading platforms will have some ups and downs, and any comprehensive Phoenix Markets and Hargreaves Lansdown review should not be complete without having a fair assessment.
Examine Hargreaves Lansdown and Phoenix Markets to understand the way they line up to each prior to you decide to make an account. A comprehensive comparison helps to bring aspects in perspective so that you are informed about what to expect.
So you are looking for a professional broker and are choosing between Phoenix Markets or Hargreaves Lansdown. Which one is best in 2024?
Our Phoenix Markets vs Hargreaves Lansdown comparison contains the latest information so you can easily compare Hargreaves Lansdown against Phoenix Markets.
If you're a new entrant in the world of trading and brokers, so many facts will be perplexing for you. Getting into the area of trading demands expert analyzing skills and thorough knowledge. You'll acquire adept at all the concepts of brokerage as you keep trading. For starters, you need to select the right broker who'll be transparent with you constantly.
In this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment plan has the potential to generate hefty returns. Phoenix Markets and Hargreaves Lansdown are two such stages which will take you along with your investment into great heights. It's important to compare Phoenix Markets vs Hargreaves Lansdown until you trust them with your cash.
Our Phoenix Markets vs Hargreaves Lansdown comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Phoenix Markets and Hargreaves Lansdown side by side.
Our entire Phoenix Markets vs Hargreaves Lansdown Review covers everything you need to know about trading using either Phoenix Markets or Hargreaves Lansdown. A fantastic broker can multiply your first investments and provide you positive profits. If you want to earn profits, you must trade with a brokerage service that contrasts with your investment objectives.
There is no sure-fire method to ensure profits; therefore, you should carefully assess your broker before you select them. It's a frequent misconception that all agents are the same, but that is not true. Wrong judgment, in the beginning, can put your investments in danger.
Phoenix Markets and Hargreaves Lansdown are both brokers which have forged their way successfully into the brokerage world. Within this review, we have tried to collate a number of the vital facets of both Phoenix Markets and Hargreaves Lansdown. This review can allow you to understand whether either Hargreaves Lansdown or Phoenix Markets is a good match for your investments or not. We've tried to breakdown all of the features and charges for your convenience.
Benefits of Phoenix Markets and Hargreaves Lansdown Compared
Phoenix Markets offers a minimum deposit of $500 while Hargreaves Lansdown has a $200 minimum deposit.
Why smaller minimum deposits are good and how Phoenix Markets and Hargreaves Lansdown 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.
Phoenix Markets allows you to trade around 97 financial instruments while Hargreaves Lansdown has around 97 financial instruments on their platform.
The more instruments you can trade on the Phoenix Markets and Hargreaves Lansdown trading 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 should never want to miss out on a trading opportunity due to the limitations of Phoenix Markets or Hargreaves Lansdown.
Phoenix Markets and Hargreaves Lansdown Contact Details
Being able to contact an online trading platform easily is important. Phoenix Markets and Hargreaves Lansdown have the following contact details and social medias that you can use.
Broker | Phoenix Markets | Hargreaves Lansdown |
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Telephone Number | +44 203 514 2059 | |
support@phoenixmarkets.com | ||
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Phoenix Markets Twitter Account | Hargreaves Lansdown Twitter Account | |
Phoenix Markets Facebook Page | Hargreaves Lansdown Facebook Page | |
Phoenix Markets Instagram Account | Hargreaves Lansdown Instagram Account | |
Phoenix Markets LinkedIn Page | Hargreaves Lansdown LinkedIn Page | |
YouTube | Phoenix Markets YouTube Channel | Hargreaves Lansdown YouTube Channel |
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Hargreaves Lansdown and Phoenix Markets Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing Phoenix Markets and Hargreaves Lansdown will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of the apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
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 have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
Phoenix Markets vs Hargreaves Lansdown - Awards
Phoenix Markets vs Hargreaves Lansdown - Frequently Asked Questions
Phoenix Markets vs Hargreaves Lansdown - Headquarters And Year Of Founding
Phoenix Markets was founded in 2013 and has its headquaters in Cyprus.
Hargreaves Lansdown was founded in 1981 and has its headquaters in UK.
What is the minimum deposit for Hargreaves Lansdown or Phoenix Markets
The minimum deposit for Phoenix Markets is $500.
The minimum deposit for Hargreaves Lansdown is $200.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Phoenix Markets and Hargreaves Lansdown are a good choice.
Phoenix Markets vs Hargreaves Lansdown - Regulation And Licencing In More Detail
Phoenix Markets is regulated by Cyprus Securities and Exchange Commission (CySEC).
Hargreaves Lansdown is regulated by Financial Conduct Authority (FCA).
Both Phoenix Markets and Hargreaves Lansdown have a strong set of rules for ensuring honest trading onto their individual platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their privacy policies, client data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare Phoenix Markets vs Hargreaves Lansdown Commission And Fees
Phoenix Markets and Hargreaves Lansdown are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the companies of online trading platforms are scaled much better. In other words, an online broker isn't necessarily influenced by the number of clients they have.
But this does not mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are primarily three different types of penalties for this purpose.
The first kind of fees to look out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are billed trading fees. In such instances, you are spending a spread, funding speed, or a commission. The kinds of trading fees and the rates differ from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight rates are people that are billed when you maintain a leveraged position for longer than a day.
Apart from trading fees, online agents also charge non-trading fees. These are determined by the activities you undertake on your account. They're charged for operations like depositing money, not trading for lengthy periods, or withdrawals.
In general, neither Phoenix Markets or Hargreaves Lansdown charge high fees in comparison to other online brokers. For operations other brokers charge for, they do not charge a broker fee, or they charge a smaller amount. This is beneficial for those who regularly exchange, for example weekly or daily trading.
But, non-trading fees charged by Phoenix Markets and Hargreaves Lansdown are comparatively greater. As a result, you are billed more for non-trading activities on your trading account, such as deposits and withdrawal. These are not related to the sale and purchase of assets.
This Phoenix Markets vs Hargreaves Lansdown review for 2024 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For Phoenix Markets And Hargreaves Lansdown
What Languages Do Phoenix Markets And Hargreaves Lansdown Support?
Being able to communicate completely with your trading platform is a key way of comparing brokers to find your perfect trading partner. Not only for support but to be sure you completely understand everything on their website and inside their application as it is a key factor to success when trading online.
Here you can find the languages that both Phoenix Markets and Hargreaves Lansdown support.
Broker | Phoenix Markets | Hargreaves Lansdown |
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Languages Supported | English, and Chinese | English, and Chinese |
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How Many Clients Do Phoenix Markets and Hargreaves Lansdown Have?
Both Phoenix Markets and Hargreaves Lansdown are well established with their customer base. It is important to work with a broker you can trust and one of the easiest ways of establishing this is by knowing how many customers they already work with.
Below you will find details of how many customers Phoenix Markets and Hargreaves Lansdown are active on their platform
Broker | Phoenix Markets | Hargreaves Lansdown |
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Clients / Users | 10,000+ | 10,000+ |
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What Payment Methods Do Phoenix Markets and Hargreaves Lansdown Accept?
Phoenix Markets and Hargreaves Lansdown 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 Phoenix Markets and Hargreaves Lansdown
What Can You Trade With Phoenix Markets and Hargreaves Lansdown?
Phoenix Markets offers 97 trading instruments whilst Hargreaves Lansdown offers 100.
Below you will find a full breakdown of what both Phoenix Markets and Hargreaves Lansdown offer.
Phoenix Markets Review
Phoenix Markets vs Hargreaves Lansdown:
Table Of Contents
- Compare Phoenix Markets vs Hargreaves Lansdown
- Benefits of Phoenix Markets and Hargreaves Lansdown Compared
- Hargreaves Lansdown and Phoenix Markets Mobile App Comparison
- Phoenix Markets vs Hargreaves Lansdown - Awards
- Phoenix Markets vs Hargreaves Lansdown - Frequently Asked Questions
- What is the minimum deposit for Hargreaves Lansdown or Phoenix Markets
- Phoenix Markets vs Hargreaves Lansdown - Regulation And Licencing In More Detail
- Compare Broker Fees For Phoenix Markets And Hargreaves Lansdown
- What Languages Do Phoenix Markets And Hargreaves Lansdown Support?
- How Many Clients Do Phoenix Markets and Hargreaves Lansdown Have?
- What Payment Methods Do Phoenix Markets and Hargreaves Lansdown Accept?
- What Can You Trade With Phoenix Markets and Hargreaves Lansdown?