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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
 |  | |
| Overall rating | ★★★★★ | ★★★★★ |
| Markets and products rating | ★★★★★ | ★★★★★ |
| Costs rating | ★★★★★ | ★★★★★ |
| Mobile and web features rating | ★★★★★ | ★★★★★ |
| Learning resources and tools 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 | ★★★★★ | ★★★★★ |
| 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 | ||
| Go to site More Info | Go to site More Info |
Fees, costs and charges
| | |
| Rating | ★★★★★ | ★★★★★ |
| Cost of investing £10,000 | £1.20 | £45.00 |
| Cost of investing £100,000 | £119.88 | £250.00 |
| 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 | ★★★★★ | ★★★★★ |
| Less than 10 trades | £7.99 | £11.95 |
| 10 to 19 trades per month | £3.99 | £8.95 |
| 20+ trades per month | £3.99 | £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 | £20.00 |
| Go to site More Info | Go to site More Info |
Mobile and web features
| | |
| Rating | ★★★★★ | ★★★★★ |
| Desktop/web app | ||
| iPhone app | ||
| Android app | ||
| Share price notifications | ||
| Go to site More Info | Go to site More Info |
Learning resources
| | |
| Rating | ★★★★★ | ★★★★★ |
| Guides and information on products available | ||
| Videos and walkthroughs | ||
| Demo account | ||
| Advice | ||
| Go to site More Info | Go to site More Info |
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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.
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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. Capital is at risk.
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