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interactive investor vs Hargreaves Lansdown
Which one of these platforms is suitable for your investing needs?
What's in this guide?
interactive investor and Hargreaves Lansdown are both established investment platforms. They both have similar platforms that are easy to use and suitable for beginners.
One of the biggest differences between interactive investor and other investment platforms is its slightly different approach to pricing, which we detail below.
interactive investor vs Hargreaves Lansdown
 |  | |
| Finder rating (overall) | ★★★★★ | ★★★★★ |
| Customer satisfaction rating | ★★★★★ | ★★★★★ |
| ISA available? | ||
| Costs rating | ★★★★★ | ★★★★★ |
| Keep in mind | 76% of retail CFD accounts lose money | |
| Go to site More Info | Go to site More Info |
What markets and products do they cover?
| | |
| Rating | ★★★★★ | ★★★★★ |
| 3 or more portfolios | ||
| 5 or more portfolios | ||
| ETFs | ||
| Stocks and shares ISA | ||
| Pension | ||
| Lifetime ISA (LISA) | ||
| Junior products | ||
| Ethical investing | ||
| Go to site More Info | Go to site More Info |
Annual fees of investing
| | |
| Rating | ★★★★★ | ★★★★★ |
| Annual cost of investing £10,000 | £119.88 | £45.00 |
| Annual cost of investing £100,000 | £119.88 | £250.00 |
| Annual cost of investing £1m | £119.88 | £1,000.00 |
| Average cost per £100 | £0.44 | £0.27 |
| Go to site More Info | Go to site More Info |
| | |
| Rating | ★★★★★ | ★★★★★ |
| Price per trade | £7.99 (with one free trade per month) | £11.95 |
| Frequent trader rate | N/A | £5.95 |
| Custody fee | £119.88 (£9.99 monthly) | 0.45% |
| Bonds fee | £40.00 | £11.95 |
| ETFs fee | £7.99 | £11.95 |
| Investment trusts fee | £7.99 | £11.95 |
| Phone dealing fee | £49.00 | £20 - £50 |
| Go to site More Info | Go to site More Info |
Mobile and web features
| | |
| Features rating | ★★★★★ | ★★★★★ |
| iPhone app | ||
| Android app | ||
| Desktop/web app | ||
| Notifications | ||
| Keep in mind | 76% of retail CFD accounts lose money | |
| Go to site More Info | Go to site More Info |
Learning resources
| | |
| Resources rating | ★★★★★ | ★★★★★ |
| Guides | ||
| Videos and walkthroughs | ||
| Demo account | ||
| Keep in mind | 76% of retail CFD accounts lose money | |
| Go to site More Info | Go to site More Info |
Best for
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interactive investor vs Hargreaves Lansdown: Costs
Hargreaves Lansdown charges based on how much you invest, while interactive investor charges a flat monthly fee.
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.
interactive investor has a flat fee for using all of its services. (An additional fee applies if you want to add the self-invested personal pension.) Its most basic plan “Investor” costs £9.99 per month.
What does all that actually mean?
If you invest £10,000 with Hargreaves Lansdown then you’ll spend £45 (in a year).
If you invest £10,000 with interactive investor then you’ll spend £119.88 (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 nor interactive investor has this, so we did it with a calculator, pen and paper using the costs outlined above.
Our verdict: Is interactive investor better than Hargreaves Lansdown?
These platforms are, on the face of it, very similar. As you can see above, it works out cheaper to go with Hargreaves Lansdown, but if you plan to open several different trading accounts (such as a JISA, an ISA and a general investment account), then you may end up spending less with interactive investor.
These are both quite good platforms for beginners. interactive investor has some educational tools that can help you learn more about investing and get to grips with it.
Compare platforms similar to interactive investor and Hargreaves Lansdown
Table: sorted by promoted deals first
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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