IG vs Hargreaves Lansdown (HL)

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

CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51%-77% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

IG vs Hargreaves Lansdown: At a glance

IG logoHargreaves Lansdown logo
Finder Score9Excellent
Customer satisfaction survey★★★★★★★★★★
Stocks and shares ISA available?
Fees score8.9Great
Keep in mindCapital at risk. 68% of retail CFD accounts lose moneyCapital at risk
Go to SiteGo to Site

Round 1: Accounts

IG logoHargreaves Lansdown logo
Stocks and shares ISA available?
Contracts for difference
Keep in mindCapital at risk. 68% of retail CFD accounts lose moneyCapital at risk
Go to SiteGo to Site

Round 2: Investment choice

Round 3: Fees

IG logoHargreaves Lansdown logo
Fees score8.9Great
Min. initial deposit£0£1
Price per trade£0£11.95
Frequent trader rateN/A£5.95
Foreign exchange fee0.7%1%
Keep in mindCapital at risk. 68% of retail CFD accounts lose moneyCapital at risk
Go to SiteGo to Site

Round 4: Features

IG logoHargreaves Lansdown logo
Features score10Excellent
Desktop or web access
iPhone app
Android app
In-app news and research
Keep in mindCapital at risk. 68% of retail CFD accounts lose moneyCapital at risk
Go to SiteGo to Site

Round 5: Learning resources

IG logoHargreaves Lansdown logo
Resources rating★★★★★★★★★★
Guides
Videos and walkthroughs
Demo account
In-depth learning tools
Keep in mindCapital at risk. 68% of retail CFD accounts lose moneyCapital at risk
Go to SiteGo to Site

Our verdict: Is IG better than Hargreaves Lansdown?

Both of these platforms are suitable for comprehensive investing, with share dealing and trading available. They also both cater for less experienced investors who are looking for ready-made portfolios.

However, IG is much cheaper than HL when it comes to stocks and ETFs. IG has no platform fee and charges no commissions, so it’s an extremely cheap place to invest. Both offer a massive range of investments but neither offers fractional shares.

Promoted
IG
Buy and sell US shares with no commission with IG
Free Trades

Capital at risk. Other fees may apply.

  • Invest in over 13,000 shares, funds and investment trusts
  • £0 commission on UK, US, EU & AU shares
  • Support available 24 hours a day from Sunday to Friday

Winner: IG

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.


George Sweeney, DipFA's headshot

George is a deputy editor at Finder. He has previously written for The Motley Fool UK, Nasdaq, Freetrade, Investing in the Web, MoneyMagpie, Online Mortgage Advisor, Wealth, and Compare Forex Brokers. He's focused on making personal finance and investing engaging for everyone. To do this he draws from previous work and his Level 4 Diploma for Financial Advisers (DipFA), sharing what he’s learnt. When he’s not geeking out about money, you’ll find him playing sports and staying active. See full bio

George's expertise
George has written 327 Finder guides across topics including:
  • Investing
  • Personal finance
  • Tax
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