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Hargreaves Lansdown vs eToro

Find out what we thought when we compared two of the biggest investment platforms in the UK.

Hargreaves Lansdown and eToro are both share trading platforms for investing in stocks and exchange traded funds (ETFs) on a broad range of stock exchanges. eToro is a commission-free platform with a few tucked-away fees, while Hargreaves Lansdown charges a fairly hefty commission per trade. In exchange for a higher commission, investors do get some additional tools, research and features. We’ve pitted these platforms against one another to find out which comes out on top.

Hargreaves Lansdown vs eToro: trade calculator

Got a specific trade in mind? Pick your stock, select a quantity and our calculator will give you a guide to the total cost using each of these platforms. We regularly check fees, but bear in mind that stock prices, exchange rates and spreads fluctuate in real-time.

Stock

Quantity of shares

1000
Platform Finder score Account fee Min. initial deposit Trade cost Link
Hargreaves Lansdown Fund and Share Account logo
4.2 ★★★★★
£0 £1 £3,986.73
Go to siteCapital at risk
eToro Free Stocks logo
4.39 ★★★★★
£0 $100 £3,994.65
Go to siteCapital at risk

Full comparison of share dealing platforms

Hargreaves Lansdown vs eToro: Vital stats

Hargreaves Lansdown Fund and Share AccounteToro Free Stocks
Finder score★★★★★★★★★★
Customer satisfaction survey★★★★★★★★★★
Stocks and shares ISA available?
FSCS protected?
Costs score★★★★★★★★★★
Keep in mindCapital at riskCapital at risk. 51% of retail CFD accounts lose money
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Both Hargreaves Lansdown and eToro score 5 stars out of 5 in our trading app analysis, which looked at more than 80 (and counting) features and fees of trading platforms. Hargreaves Lansdown is a winner in the Finder Customer Satisfaction Awards 2024.

One major benefit of Hargreaves Lansdown over eToro is that it offers an individual savings account, which means that you can invest up to £20,000 in the 2024/2025 without having to pay tax on your profits. Your allowance is reset each year. eToro doesn’t offer an ISA at the moment.

eToro has a better costs rating than Hargreaves Lansdown as it offers commission free trading, but it does have some additional fees.

Both providers are covered by the Financial Services Compensation Scheme (FSCS), which means that your deposits are protected by up to £85,000 if your platform were to go bust.

Round 1: Stock exchanges

Hargreaves Lansdown Fund and Share AccounteToro Free Stocks
Exchanges covered score★★★★★★★★★★
UK - London Stock Exchange
US - NASDAQ
US - New York Stock Exchange
Canada - Toronto Stock Exchange
Japan - Japan Exchange Group
Euronext
Germany - Deutsche Börse
Keep in mindCapital at riskCapital at risk. 51% of retail CFD accounts lose money
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Both Hargreaves Lansdown and eToro have most of the main stock exchanges available on their platforms. This means that you can trade virtually all the stocks that you can name. Neither platform has stocks on the Japan Exchange Group, but you’ll have a hard time finding a platform that does offer it.

Winner: Tie

Round 2: Financial instruments

Hargreaves Lansdown Fund and Share AccounteToro Free Stocks
Financial instruments score★★★★★★★★★★
Shares
ETFs
Bonds
Funds
Keep in mindCapital at riskCapital at risk. 51% of retail CFD accounts lose money
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Both Hargreaves Lansdown and eToro offer shares and exchange-traded funds (ETFs). Hargreaves Lansdown also offers bonds and funds, which eToro does not have. eToro also lets you invest in fractional shares, which can get you access to pricier shares if you’re only investing small amounts. Hargreaves Lansdown does not offer fractional shares.

Winner: Hargreaves Lansdown

Round 3: Fees

Hargreaves Lansdown Fund and Share AccounteToro Free Stocks
Costs score★★★★★★★★★★
Minimum deposit£1£50
Standard trading fee£11.95£0.00
Best trading fee£5.95£0.00
Foreign exchange fee1%0.5%
Keep in mindCapital at riskCapital at risk. 51% of retail CFD accounts lose money
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eToro is commission free for real stock positions, which is a pretty big bonus. Hargreaves Lansdown charges £11.95 per trade, or £5.95 if you trade regularly enough. Both providers charge foreign exchange fees — eToro charges 0.5% and Hargreaves Lansdown charges 1%.

eToro does have additional fees, such as for withdrawals and inactivity, which you won’t find with Hargreaves Lansdown. It also insists that all funds deposited are converted to US dollars, so there’s no escaping that FX fee.

But even with those slightly annoying, not-hidden-but-also-not-obvious fees, eToro is the cheaper option in all but a handful of very specific scenarios.

Winner: eToro

Round 4: Mobile and web features

Hargreaves Lansdown Fund and Share AccounteToro Free Stocks
Features rating★★★★★★★★★★
iPhone app
Android app
Desktop/web app
Notifications
Watch lists
Community or forums
Keep in mindCapital at riskCapital at risk. 51% of retail CFD accounts lose money
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These providers both offer most of the features you’d expect from a share trading platform, including mobile apps and share price notifications. Both Hargreaves Lansdown and eToro have desktop trading and great charting tools.

eToro has a community and a lot of social features, including an excellent social trading feature.

Winner: eToro

Round 5: Learning resources

Hargreaves Lansdown Fund and Share AccounteToro Free Stocks
Resources rating★★★★★★★★★★
Guides
Videos and walkthroughs
Demo account
In-depth learning tools
Keep in mindCapital at riskCapital at risk. 51% of retail CFD accounts lose money
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Learning resources allow beginner investors to learn the ropes as they invest. One of the best ways to learn is to use a demo account, which both Hargreaves Lansdown and eToro offer. Both of them also have investment guides and videos to help you learn about investing.

Winner: Tie

Our verdict: Is Hargreaves Lansdown better than eToro?

This is a close one, but we’d say that eToro takes home the win. Our experts thought that fees are a key consideration when choosing a platform. There are still some downsides to eToro, like its lack of ISA and extra fees, like inactivity fees and withdrawal fees.

If you’re still not sure, you can read our full reviews of both Hargreaves Lansdown and eToro to find out more.

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