IG vs Hargreaves Lansdown - Finder UK

IG vs Hargreaves Lansdown

These are two of the bigger players in investing, but what are the differences between the two?

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Investing has recently become a popular venture. Digital “robo-advisors” are popping up all over the place allowing everyone to try out investing, no matter how much experience or knowledge of the subject they have.

Two that have been around for quite some time are IG and Hargreaves Lansdown.

But how do they compare?

IG vs Hargreaves Lansdown

IG Share DealingHargreaves Lansdown Fund and Share Account
We say★★★★★★★★★★
You say★★★★★★★★★★
ISA available?
Financial instruments★★★★★★★★★★
Costs rating★★★★★★★★★★
Mobile and web features rating★★★★★★★★★★
Learning resources and tools rating★★★★★★★★★★
Keep in mind75% of retail CFD accounts lose money76% of retail CFD accounts lose money
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What markets and products do they cover?

IG Share DealingHargreaves Lansdown Fund and Share Account
Rating★★★★★★★★★★
Risk assessment quiz
3 or more portfolios
5 or more portfolios
ETFs
Stocks and shares ISA
Pension (SIPP)
Lifetime ISA (LISA)
Junior products
Ethical investing
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Fees, costs and charges

IG Share DealingHargreaves Lansdown Fund and Share Account
Rating★★★★★★★★★★
Cost of investing £10,000£72.00£45.00
Cost of investing £100,000£220.00£250.00
Cost of investing £1m£2,200.00£1,000.00
Average cost per £100£0.39£0.27
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Mobile and web features

IG Share DealingHargreaves Lansdown Fund and Share Account
Rating★★★★★★★★★★
iPhone app
Android app
Desktop/web app
Notifications
Keep in mind75% of retail CFD accounts lose money76% of retail CFD accounts lose money
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Learning resources

IG Share DealingHargreaves Lansdown Fund and Share Account
Rating★★★★★★★★★★
Guides
Videos
Demo account
Keep in mind75% of retail CFD accounts lose money76% of retail CFD accounts lose money
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IG vs Hargreaves Lansdown: Costs

IG and Hargreaves Lansdown both charge based on how much you invest. They have very similar costs, but which one you decide to go with will depend on how much you are investing.

IG’s fees are pretty simple. For its “Smart Portfolio”, it charges 0.72% on investments up to £50,000 made up of a 0.50% IG management fee, an average of 0.15% in fund costs and 0.07% for transaction costs. For investments over £50,000 it charges 0.22%, made up of an average of 0.15% in fund costs and 0.07% in transaction costs. You pay no IG management fee over £50,000.

Hargreaves Lansdown has a very similar charging structure. It 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 all that actually mean?
If you invest £10,000 with IG, then you’ll spend £72 (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 Hargreaves Lansdown or IG had this, so we did it the old fashioned way, with a calculator, pen and paper, using the costs outlined above.

Our verdict: Is IG better than Hargreaves Lansdown?

Both of these platforms are suitable for comprehensive investing, with share dealing and trading available. They both cater for less experienced investors who are looking for ready-made portfolios. Hargreaves Lansdown covers all bases with basic investing, share trading, share dealing, a pension, lifetime ISA and ready-made portfolios. It also has competitive prices, as you can see above. While IG offers most of these, you can’t get financial advice with IG and can’t open a lifetime ISA.

Compare platforms similar to IG and Hargreaves Lansdown

Table: sorted by promoted deals first
Data updated regularly
Name Product Price per trade Frequent trader rate Platform fees Brand description
Fineco
UK: £2.95
US: $3.95
EU: €3.95
N/A
£0
Your first 100 trades are free with Fineco (T&Cs apply)
Fineco Bank is good for share traders and investors looking for a complete platform and wide offer. The minimum deposit with Fineco is £0. Capital at risk.
eToro Free Stocks
£0
N/A
£0
Capital at risk. 0% commission but other fees may apply. The minimum deposit with eToro is $500.
Hargreaves Lansdown Fund and Share Account
£11.95
£5.95
£0
Hargreaves Lansdown is the UK's number one platform for private investors, with the depth of features you'd expect from an established platform. The minimum deposit with HL is £1. Capital at risk.
Degiro Share Dealing
UK: £1.75 + 0.014% (max £5)
US: €0.50 + $0.004 per share
N/A
£0
Degiro is widely seen as one of the best low-cost share brokers, for people who are looking to trade regularly. The minimum deposit with Degiro is £0. Capital at risk.
interactive investor Trading Account
£7.99 (with one free trade per month)
N/A
£9.99 per month
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. The minimum deposit with ii is £0. Capital at risk.
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Data updated regularly
Name Product Minimum deposit Maximum annual fee Price per trade Brand description
interactive investor Stocks and Shares ISA
Any lump sum 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.
Moneyfarm stocks and shares ISA
£1500
0.75%
£0
Moneyfarm helps you meet your investment goals with fully-managed portfolios designed around you. Capital at risk.
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.
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.
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.
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.
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Data updated regularly
Name Product Minimum investment Choose from Annual fee Brand description
Interactive Investor Pension
Any lump sum or £25 a month
Over 3,000 funds
£10/month
interactive investor is a flat-fee platform, which makes it cost effective for larger portfolios. Capital at risk.
Moneyfarm Pension
£1,500 (initial investment)
7 funds
0.35%-0.75%
Moneyfarm has pensions that are matched against your risk appetite, goals and planned retirement date. 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.
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 or £25 a month
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.
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.
Penfold
Penfold
No minimum
4 portfolios
0.75-0.88%
Moneybox Pension
£1
3 funds
0.15% - 0.45% charged monthly
Manage your money with an easy-to-use Moneybox app. Capital at risk.
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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. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

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