Fidelity vs Hargreaves Lansdown

Find out what we thought when we compared two of the biggest money managers in the UK.

Updated

Fact checked

Fidelity and Hargreaves Lansdown are two of the UK’s largest money managers. They both allow you to invest in stocks and shares ISAs and pensions, with both platforms even offering junior pensions.

The whole world has suddenly gone mad for share trading, especially given the volatility of the markets at the moment, so how do these two compare?

Fidelity vs Hargreaves Lansdown

FidelityHargreaves Lansdown Fund & Share Account
Overall rating★★★★★★★★★★
Markets and products rating★★★★★★★★★★
Costs rating★★★★★★★★★★
Mobile and web features rating★★★★★★★★★★
Learning resources and tools rating★★★★★★★★★★
Keep in mind76% of retail CFD accounts lose money
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What markets and products do they cover?

FidelityHargreaves Lansdown Fund & Share Account
Rating★★★★★★★★★★
Share dealing
Stocks and shares ISA
Pension (SIPP)
Lifetime ISA (LISA)
Fractional shares
Ready-made portfolios
DIY portfolios
Ethical investing
Available markets UK, US, CAD, EU
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Mobile and web features

FidelityHargreaves Lansdown Fund & Share Account
Rating★★★★★★★★★★
Desktop app
Web app
iPhone
Android
Share price notifications
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Learning resources

FidelityHargreaves Lansdown Fund & Share Account
Rating★★★★★★★★★★
Info on share trading
Info on funds
Info on retirement
Videos
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Hargreaves Lansdown Hargreaves Lansdown

Best for beginners (Capital at risk)

IG IG

Best for US shares (Capital at risk)

eToro eToro

Best for social trading (Capital at risk)

Interactive Investor Interactive Investor

Best for online platform (Capital at risk)

Fidelity vs Hargreaves Lansdown: Costs

Both Fidelity and Hargreaves Lansdown charge based on how much you invest with them, in the case of Fidelity, you can get a cheaper charge if you have a regular payment plan set up.

With Fidelity, you’ll pay a flat fee of £45 per year if you have less than £7,500 invested, or 0.35% if you have a regular savings plan of £50 or over. If you have investments between £7,500 and £250,000 then you pay 0.35%. For investments over £250,000 then the charge is 0.2%. Investments over £1 million have no service charge.

Hargreaves Lansdown charges 0.45% on investments up to £250,000, 0.25% on investments between £250,000 and £1 million, 0.1% on investments between £1 million and £2 million and investments over £2 million are free.

What does that all actually mean?
If you invest £10,000 with Fidelity then you’ll spend £35 (in a year).
If you invest £10,000 with Hargreaves Lansdown then you’ll spend £45 (in a year).

Many investment platforms have calculators that help you work out the costs of your investments based on a figure you enter. Neither Fidelity nor Hargreaves Lansdown have this, so we did it with a calculator, pen and paper using the costs outlined above.

Our verdict: Is Fidelity better than Hargreaves Lansdown?

These platforms both offer plenty of options for your investments at a much lower price than some of their competitors. You can access both platforms in your web browser, which is great if you prefer the bigger picture, and don’t fancy doing everything in a fiddly app.

The only downsides of Fidelity are the lack of investment advice, which you may fancy if you have a lot to invest or aren’t sure where to get started, and the inability to open a lifetime ISA (LISA). If neither of these are a concern for you, you can go with either one!

Compare platforms similar to Fidelity and Hargreaves Lansdown

Table: sorted by promoted deals first
Data indicated here is updated regularly
Name Product Minimum deposit Maximum annual fee Price per trade Brand description
Hargreaves Lansdown stocks and shares ISA
£100
0.45%
£11.95
Hargreaves Lansdown is the UK's biggest wealth manager. It's got everything you'll need, from beginners to experienced investors. Capital at risk.
Interactive Investor stocks and shares ISA
£100 or £25 a month
£119.88
£7.99
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. Capital at risk.
Legal & General stocks and shares ISA
Legal & General stocks and shares ISA
£100 or £20 a month
0.61%
N/A
Legal & General is a big financial services company which offers insurance, lifetime mortgage, pensions and stocks and shares ISAs. Capital at risk.
Saxo Markets stocks and shares ISA
No minimum deposit requirement
0.12%
£8.00
Saxo Markets offers a wide access to a range of stocks, ETFs and funds. Capital at risk.
AJ Bell stocks and shares ISA
£500
0.25%
£9.95
AJ Bell is a good all-rounder for people who to choose between shares, funds, ISAs and pensions. Capital at risk.
Fidelity stocks and shares ISA
£1000 or a regular savings plan from £50
0.35%
£10.00
Fidelity is another good all-rounder, offering a good package at a decent price. Not suited for trading shares. Capital at risk.
Moneybox stocks and shares ISA
Moneybox stocks and shares ISA
£1
0.45%
Fixed subscripction fee of £1 per month
Moneybox offers a general investment account, Lifetime ISA and Junior ISA and lets you manage your money with an easy-to-use app. Capital at risk.
Nutmeg stocks and shares ISA
£100
0.75%
£0
Nutmeg offers three types of portfolios. Choose the one that goes with your investment style. Capital at risk.
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Compare up to 4 providers

Data indicated here is updated regularly
Name Product Minimum investment Choose from Annual fee Brand description
PensionBee Pension
No minimum
7 funds
0.5% - 0.95%
Pension Bee is a newbie in the pension market. It helps consolidate your pension plans into one place. Capital at risk.
Hargreaves Lansdown Pension
£100
2,500 funds
0-0.45%
Hargreaves Lansdown is the UK's biggest wealth manager. It's got three different retirement options. Capital at risk.
Interactive Investor Pension
£25/month
Over 2,500 funds
£10/month
interactive investor is a flat-fee platform, which makes it cost effective for larger portfolios. Capital at risk.
Saxo Markets Pension
Saxo Markets Pension
£10
Over 11,000 funds
No annual fee
Saxo Markets gives flexibility and control over your investment strategy. Capital at risk.
AJ Bell Pension
£1,000
Over 2,000 funds
0.05-0.25%
AJ Bell has two different pension options, a self managed pension and one that is managed for you. Capital at risk.
Moneybox Pension
£1
3 funds
0.15% - 0.45% charged monthly
Manage your money with an easy-to-use Moneybox app. Capital at risk.
Moneyfarm Pension
Moneyfarm Pension
0.35%-0.75%
7 funds
£1,500 (initial investment)
Moneyfarm has pensions that are matched against your risk appetite, goals and planned retirement date. Capital at risk.
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Compare up to 4 providers

Data indicated here is updated regularly
Name Product Price per trade Frequent trader rate Platform fees Brand description
Fineco
Fineco
£2.95
£2.95
Zero platform fee
Fineco Bank is good for share traders and investors looking for a complete platform and wide offer. Your first 50 trades are free with Fineco, until 30/09/2020. T&Cs apply. Capital at risk.
IG
0% commission on US shares, and £3 on UK shares
From £5
£0 - £24 per quarter
IG is good for experienced traders, and offers learning resources for beginners, all with wide access to shares, ETFs and funds. Capital at risk.
Hargreaves Lansdown Fund & Share Account
£11.95
£5.95
Transfer out fee
Hargreaves Lansdown is the UK's biggest wealth manager, with the depth of features you'd expect from an established platform. Capital at risk.
eToro Free Stocks
0% commission, no markup, no ticket fee, no management fee
N/A
Withdrawal fee & GDP to USD deposit conversion
eToro is good for social trading - letting you mirror the portfolios of other traders. Capital at risk.
Interactive Investor
From £7.99 on the Investor Service Plan
From £7.99 on the Investor Service Plan
No transfer fees or exit fees. £9.99 a month on the Investor Service Plan
Capital at risk.
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Compare up to 4 providers

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Capital is at risk.

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