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.
Hargreaves Lansdown (HL) and Moneybox are two popular investing platforms available to UK retail investors. They’re slightly different in their approach as Moneybox is largely a robo-advisor with some share dealing available, and HL is a fully-fledged stockbroker with loads of investment options. However, there is some crossover, so we’re going to pit Moneybox vs Hargreaves Lansdown against each other in a head-to-head battle.
Both HL and Moneybox offer a range of investments and plenty of account options, including a stocks and shares ISA and a self-invested personal pension (SIPP). So, check out our breakdown of Moneybox vs Hargreaves Lansdown and hopefully this will help you pick who’s best, depending on what’s most important to you – whether that’s fees, investment choice, account types or anything else.
Moneybox vs Hargreaves Lansdown: Vital statistics
Finder score | ★★★★★ | ★★★★★ |
---|---|---|
Customer satisfaction survey | ★★★★★ | ★★★★★ |
Fees score | ★★★★★ | ★★★★★ |
Stocks and shares ISA available? | ||
FSCS protected? | ||
Go to site More Info | Go to site More Info |
Moneybox and HL are pretty similar when it comes to their Finder score, with Moneybox scoring a solid 4.1 out of 5, and HL scoring an equally respectable 4.2 out of 5.
Both platforms offer stocks and shares ISA, and both come with full Financial Services Compensation Scheme (FSCS) protection of up to £85,000.
Moneybox and HL were both reviewed positively in the most recent Finder Investing Customer Satisfaction Awards 2024 results. However, HL was the overall winner with 97% of customers saying they’d recommend the platform to a friend, making it our best trading app for customer satisfaction.
The platforms go slightly different ways with their fees score. When you look at Moneybox fees vs HL fees – Moneybox has a score of 4.3 out of 5 and Hargreaves Lansdown has a lower score of 2.4 out of 5.
Round 1: Products
General investment account | ||
---|---|---|
Stocks and shares ISA | ||
Lifetime ISA (LISA) | ||
Pension (SIPP) | ||
Junior ISA (JISA)/Junior SIPP (JSIPP) | ||
Interest on cash balances | ||
Keep in mind | Capital at risk | Capital at risk |
Go to site More Info | Go to site More Info |
These are two of the best platforms available when it comes to account options, both Moneybox and Hargreaves Lansdown offer a wide range of accounts and tax wrappers.
This even includes accounts like lifetime ISAs (LISAs) and junior stocks and shares ISAs (JISAs) that are harder to come by.
Although Moneybox doesn’t pay interest on cash in your investment account, it does off the option to use a cash ISA or a savings account and has some of the best rates around.
Winner: Tie
Round 2: Investment choice
Investment choice score | ★★★★★ | ★★★★★ |
---|---|---|
Available markets | 2+ | 4+ |
Number of investments | 45+ | 11,000+ |
Number of ETFs/funds | 24 | 1,500 |
Fractional shares | ||
Min. initial deposit | £1 | £1 |
Min. investment | £1 | £1 |
Keep in mind | Capital at risk | Capital at risk |
Go to site More Info | Go to site More Info |
This is an easy win for HL. By design, Moneybox offers a simple and basic approach to investing, which means limited choice.
HL on the other hand has over 11,000+ investments to choose from.
Both platforms make it easy to open an account and start investing from just £1. However, only Moneybox offers fractional shares, with HL you’d need to buy whole shares.
Winner: Hargreaves Lansdown (HL)
Round 3: Fees
Fees score | ★★★★★ | ★★★★★ |
---|---|---|
Platform fees | 0.45% + £1/month | £0 |
US shares | £0 | £11.95 |
UK shares | N/A | £11.95 |
International shares | £11.95 | |
Funds/ETFs | 0 | £0 funds £11.95 ETFs (frequent trader discounts apply) |
Foreign exchange fee | 0.45% | 1% |
Regular investing | Yes (including round ups) | Yes from £25/month (lower commissions for frequent investors) £8.95 (10 to 19 trades in previous month) £5.95 (20 or more trades in previous month) |
Withdrawal fee | £0 | £0 |
Deposit fee | £0 | £0 |
Inactivity fee | £0 | £0 |
Keep in mind | Capital at risk | Capital at risk |
Go to site More Info | Go to site More Info |
Sadly, this is the weakest area for HL. Although it offers a great customer service, loads of account options, and heaps of investments – some of its charges are pretty steep.
The platform fee for HL isn’t bad, starting at 0.45%, which is similar to Moneybox. Moneybox charges 0.45% plus £1 per month for most accounts (the SIPP doesn’t have the extra £1 monthly subscription fee).
However, Moneybox offers 0% commission investing, with no fee to buy or sell investments other than a 0.45% FX fee, which is less than half the cost of HL’s 1% FX fee.
Another pain point with HL is the share dealing commission of £11.95, which is the highest from any UK platform. It does offer free fund trading, zero commissions if you set up a regular monthly investment, and lower commissions for frequent investing – so there are some tactics to minimise your fees with HL.
Winner: Moneybox
Round 4: Ease of use
Ease of use score | ★★★★★ | ★★★★★ |
---|---|---|
Apple iOS rating | 4.8/5 | 4.7/5 |
Google Play rating | 4.7/5 | 3.2/5 |
Ways to contact customer service | Email and in-app chat | Phone, email and online chat |
UI/UX | Good | Good |
Desktop or web access | ||
Mobile app | ||
Keep in mind | Capital at risk | Capital at risk |
Go to site More Info | Go to site More Info |
For Moneybox vs Hargreaves Lansdown, when it comes to ease of use, it’s a narrow win for HL.
Although Moneybox has a fantastic app that’s excellent to use, especially for beginners, but it is app only. Whereas HL offers a desktop and app experience to serve a wider audience.
Both these platforms offer excellent customer service, but with HL it’s easier to ring up and have a phone call with its support team based in Bristol.
Winner: Hargreaves Lansdown (HL)
Round 5: Tools, resources and features
Tools, resources and features | ★★★★★ | ★★★★★ |
---|---|---|
Analysis features | ||
Tools for investing/trading | ||
Social features | ||
Learning resources | ||
Additional features | ||
Keep in mind | Capital at risk | Capital at risk |
Go to site More Info | Go to site More Info |
Another fairly easy win for Hargreaves Lansdown (HL). Moneybox is great, but it’s pretty basic (on purpose).
HL on the other hand is a much more diverse platform in terms of the tools it offers for investing and analysis.
Both platforms lack a social investing element, but its HL that has more for you to dig into if you really want to engage as an investor, whereas Moneybox is handier if you want more of a passive approach.
Winner: Hargreaves Lansdown (HL)
Overall winner: Is Moneybox better than Hargreaves Lansdown?
Moneybox is an excellent finance and investing app, but the investing side of things is just a portion of what Moneybox offers. Whereas investing is Hargreaves Lansdown’s bread and butter.
Although some of the HL fees are expensive, there are strategies to reduce them. And it offers loads of investments, account options, and resources.
Winner: Hargreaves Lansdown (HL)
More guides on Finder
-
Moneyfarm vs Hargreaves Lansdown (HL)
Hargreaves Lansdown and Moneyfarm are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side in Moneyfarm vs Hargreaves Lansdown (HL).
-
Vanguard vs Freetrade
Freetrade and Vanguard are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side in Vanguard vs Freetrade.
-
XTB vs Trading 212
Trading 212 and XTB are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side XTB vs Trading 212.
-
Moneybox vs Trading 212
Trading 212 and Moneybox are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side in Moneybox vs Trading 212.
-
InvestEngine vs Trading 212
Trading 212 and InvestEngine are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side in InvestEngine vs Trading 212.
-
XTB Review 2024
Find out about the features, fees, and much more in our expert review of the commission-free XTB trading platform.
-
IG review
Our IG review looks at the features, customer reviews, fees, learning resources and some pros and cons of IG’s platform.
-
interactive investor (ii) review
We took a look at interactive investor to find out about its products, features, fees and app. Read our guide to get the full scoop about this investing platform.
-
Nutmeg review
Nutmeg is one of the UK’s most popular digital wealth management platforms. Our review looks at whether it’s any good, how it works, the fees, and our overall verdict.