Always remember that investments can go down as well as up in value, so you could get back less than you put in. A rule of thumb is to hang on to your investments for at least five years to give them the best chance of providing the returns you are hoping for.

Hargreaves Lansdown vs Interactive Investor

Updated On: Jul 13, 2021

Hargreaves Lansdown vs Interactive Investor - Which is better

Below, we compare two of the best investment platforms in the UK - Hargreaves Lansdown and Interactive Investor.


Hargreaves Lansdown gives investors access to thousands of investments and other services, including shares, funds, financial advice and savings, while Interactive Investor offers the choice of over 40,000 investments, including UK and overseas shares, funds and ETFs.


Use the tabs below to learn more about the similarities and differences between Hargreaves Lansdown and Interactive Investor.

Hargreaves LansdownInteractive Investor

Hargreaves Lansdown - Access thousands of investments and other services

Is Hargreaves Lansdown any good?

Hargreaves Lansdown’s services are designed for investors who are happy making their own investment decisions. It is the UK’s largest investment platform for private investors, offering a broad range of investment tools and services, including ISAs, pensions, savings and investments, as well as a host of research and guidance tools to help you make informed investment decisions.

Its core mission is to build long-term client relationships by becoming a trusted partner and financial champion, ultimately helping you increase your financial security for the future.

If you choose to invest with Hargreaves Lansdown, you’ll gain access to thousands of  funds, shares listed on the US, UK, European and Canadian stock exchanges, a range of ETFs, corporate and government bonds, and investment trusts.

Click here to learn more about Hargreaves Lansdown.

How does Hargreaves Lansdown work?

With Hargreaves Lansdown, you can invest as follows:


Hargreaves Lansdown Stocks and Shares ISA

  • The Hargreaves Lansdown Stocks and Shares ISA offers an easy and tax-efficient way to grow your money for the future, with a current maximum investment of £20,000 per tax year. 
  • To get started with a Hargreaves Lansdown Stocks and Shares ISA, you can invest  as little as a £100 lump sum or £25 per month. You’ll then have the freedom to invest in a range of funds, shares, investment trusts and more. Investments can fall as well as rise in value so you could get back less than you put in.
  • Tax rules can change and their benefits depend on your circumstances.

Click here to learn more about the Hargreaves Lansdown Stocks and Shares ISA, including charges.


Hargreaves Lansdown Fund and Share Account

  • Hargreaves Lansdown’s Fund and Share Account offers a low-cost, flexible way to trade in the stock market and manage your investments in one place.
  • Choose from over 3,000 funds, UK and overseas shares, corporate and government bonds, ETFs, investment trusts and more. Investments can fall as well as rise in value so you could get back less than you put in.
  • Setting up a Fund and Share Account with Hargreaves Lansdown takes just minutes with your debit card and NI details. Download the HL App to manage your investments 24/7.

Click here for more information on the Hargreaves Lansdown Fund and Share Account, including charges.


Hargreaves Lansdown SIPP

  • A Hargreaves Lansdown SIPP offers a tax-efficient way to build up an income for when you retire. 
  • As with all pensions, you’ll receive tax relief on contributions of up to 100% of your earnings every year, with the maximum cap at £40,000 for most people – other limits can apply. In essence, your contributions are topped up by the government with an additional 20% - so if you decide to invest £8,000, the government will contribute a further £2,000, bringing your total contribution to £10,000. If you pay a higher rate of tax, you can claim further tax relief through your tax return.  Remember, pension and tax rules can change and benefits depend on your circumstances.
  • With Hargreaves Lansdown, you’ll have the freedom to decide exactly where your pension is invested. Choose from a wide range of options, including funds, stocks & shares, and ETFs. Investments can fall as well as rise in value so you could get back less than you put in.
  • Please note: you usually can't access the money in your pension pot until you are at least 55 years old (increases to 57 in 2028), when you can take 25% as a tax-free lump sum with the rest taxable.

Click here for more information on the Hargreaves Lansdown SIPP, including charges.


Hargreaves Lansdown Lifetime ISA (LISA)

  • A Hargreaves Lansdown Lifetime ISA offers a flexible way to save for your first home or later life. You need to be between 18-39 years old to open a Lifetime ISA, but you can continue paying into the account and receiving government bonuses until you turn 50.
  • For each tax year, you can pay up to £4,000 into a Lifetime ISA and the government will add a further 25% bonus. For example, for every £4 you save, the government will add an extra £1. The maximum government bonus per tax year is £1,000.
  • After exactly 12 months from your first payment, you can withdraw the money to purchase a first property worth up to £450,000, or you can wait until you turn 60 to access the funds in your account. Any other withdrawals will normally be subject to a 25% government withdrawal charge, so you could get back less than you put in.
  • Tax rules can change and benefits depend on your circumstances.

Click here to learn more about the Hargreaves Lansdown Lifetime ISA, including charges.


Hargreaves Lansdown Junior ISA (JISA)

  • A Hargreaves Lansdown Junior ISA offers tax-efficient investments of up to £9,000 each tax year on behalf of a child. 
  • Like the standard Hargreaves Lansdown ISA, the minimum contribution to start investing in a Hargreaves Lansdown Junior ISA is £25 a month, or you can begin with a lump sum of £100.
  • The Junior ISA must be opened by the parent or guardian of the child, but anyone can pay into it. Funds held in the account can be accessed by the child once they turn 18. Investments can fall as well as rise in value so they could get back less than you put in.
  • Tax rules can change and benefits depend on your circumstances.

Click here to learn more about the Hargreaves Lansdown Junior ISA, including charges.

Other services and features

Hargreaves Lansdown Active Savings

Hargreaves Lansdown offers an Active Savings service, which saves you the hassle of searching around for the best savings rates and moving your money from one savings account to another to help boost the interest you earn. 


Typically, this would involve lots of form filling and lengthy application processes, but with Hargreaves Lansdown, you’ll have access to a broad range of savings products from a range of banks and building societies and can move your money with the click of a button.


Click here to find out more about Hargreaves Lansdown's Active Savings.


Hargreaves Lansdown Master Portfolios

Hargreaves Lansdown’s Master Portfolios are ready-made investment portfolios designed to help kickstart your investment journey. They offer five example portfolios based on your aims and appetite for risk, but each portfolio can be fine-tuned to meet any specific goals you may have. 


You can choose from a range of options, including Adventurous, Medium Risk, Conservative, Investing for Children or Investing for Income. Whilst each of the funds in the portfolios are professionally managed, it’s up to you to choose what portfolio best fits your needs. Investments can fall as well as rise in value so you could get back less than you put in.


Click here to learn more about Hargreaves Lansdown’s Master Portfolios, including charges.


Hargreaves Lansdown Financial Advice

Hargreaves Lansdown's Financial Advice service aims to help you gain confidence in your financial planning and decisions. You can make an initial advice query with an advisory help-desk consultant; then, you’ll be matched with an advisor best suited to your needs. They can help you with anything from meeting your goals and boosting your confidence to managing your income and expenditure after you retire. Please note there is a fee for financial advice.


Pension Drawdown

Hargreaves Lansdown’s pension drawdown provides you with a flexible way to access your pension from the age of 55 (57 from 2028). You can usually receive up to 25% of your pension tax-free and upfront but can choose to invest the rest. The process usually starts with your pension provider and allows for greater control over your retirement planning and investment returns. But with drawdown, your pension value and income are not secure, so it could fall or even run out.


Compare Annuities 

Hargreaves Lansdown allows you to compare annuities in one place so that you can maximise your retirement income for the future. You can receive a free annuity quote and begin buying annuities at any time from the age of 55 (57 from 2028) using the money in your pension. It offers a simple way to swap your pension savings for an income that is guaranteed for life. Annuities can’t normally be changed once set up, so it’s important to choose the right option for your circumstances.

How do I trade with Hargreaves Lansdown?

When you open a Fund and Share Account with Hargreaves Lansdown, you'll get access to thousands of investment options, including UK and overseas shares, exchange-traded funds, investment trusts, bonds and more. You can also buy and sell shares through any Hargreaves Lansdown account such as an ISA or SIPP.


Opening an account takes just a few minutes and usually involves completing a short online form with your personal details. Once you have an account, trading is easy. Simply log in, select your shares, get a live price directly from the market and trade.


You can track your investments and create virtual portfolios with Hargreaves Lansdown's free watchlist feature, available on both website and mobile apps. Investments can fall as well as rise in value so you could get back less than you put in.


Click here to learn more about the Hargreaves Lansdown Fund and Share account.

What are Hargreaves Lansdown’s charges?

With Hargreaves Lansdown, charges vary depending on how you choose to invest.


Funds:

Platform Fee: 0.45% (on the first £250,000); 0.25% (on the value between £250,000 and £1m); 0.1% (on the value between £1m and £2m); No charge (on the value over £2m)


‍Dealing Fee: No charge

‍Shares (including UK and overseas shares, Investment Trusts, ETFs, VCTs, gilts and bonds):

Platform Fee: 0.45% (capped at £45 per year in the ISA and £200 per year in the SIPP) - free in the Fund and Share Account.


‍Dealing Fee (online): £11.95 per deal reducing to £8.95 if 10 - 19 deals the previous month and further reducing to £5.95 if 20+ deals the previous month


Regular Investments: £1.50 per deal


Other charges may apply - visit HL’s website for more information on the various charges.

Is Hargreaves Lansdown expensive?

With Hargreaves Lansdown, you are charged fees per account as opposed to the combined amount you have invested across the platform. For ISAs, SIPP and Fund accounts, this fee is 0.45% for investments up to £250,000 for funds.

Your fees decrease as your investments increase, and there are no charges on the portion of investments exceeding £2 million. For shares the charge is 0.45%, capped at £45 per year for ISAs and £200 per year for SIPPs. It’s free to hold shares in the HL Fund and Share Account.


Visit HL’s website for more information on the various charges when using Hargreaves Lansdown’s services.


You can also use our investment platform or stock broker comparison table to see how Hargreaves Lansdown’s charges compares to other investment platforms in the UK.

Is Hargreaves Lansdown good for beginners?

Hargreaves Lansdown's wide range of investment services, financial advice and master portfolios means the platform is both beginner-friendly and suitable for the more advanced investor.

There are several resources for beginners to read and refer to before making important investment decisions, and a Financial Advice Service to help you kickstart your investment journey and boost your confidence when managing your finances.

Is Hargreaves Lansdown safe?

Hargreaves Lansdown investors are also covered by the Financial Services Compensation Scheme (FSCS) protection, which means that your assets are protected up to £85,000 per person.

This means you can get your money back if Hargreaves Lansdown were to go bust. Keep in mind that the FSCS does not cover losses arising from the performance of any of your investments.

Is Hargreaves Lansdown regulated by the FCA?

Yes, Hargreaves Lansdown is authorised and regulated by the Financial Conduct Authority (FCA). Have a look at its permissions on the FCA Register.

Does Hargreaves Lansdown have a referral scheme?

Offers vary - please check their website for details of any current offers.

How do I open an account with Hargreaves Lansdown?

Interactive Investor - Access over 40,000 UK and overseas investments

Is Interactive Investor any good?

Interactive Investor is the UK’s leading flat-fee investment platform, providing award-winning investment services and financial information since 1995. Its key mission is to give DIY investors the tools and support they need to make informed investment decisions.

With Interactive Investor, you can open a range of investment accounts, including a Stocks and Shares ISA, General Trading Account, and Self Invested Personal Pension (SIPP).

You’ll gain access to the largest number of UK investment options in the market. Invest in over 40,000 equities across the world's leading exchanges in multiple currencies and the broadest range of funds, investment trusts, and exchange-traded funds (ETFs).

For more information, visit Interactive Investor.

How does Interactive Investor work?

With Interactive Investor, you can invest as follows:


‍Interactive Investor ISA

  • An Interactive Investor ISA allows up to £20,000 of tax-free investments per year, with the option to invest in a broad range of shares, funds, ETFs, investment trusts and more. To get started, you can contribute as little as £25. The process takes just a few minutes, and you can use the web, tablet or mobile app to track your portfolio.

Click here to learn more about the Interactive Investor ISA.


‍Interactive Investor Junior ISA

  • With an Interactive Investor Junior ISA, you can build up a sum of money through tax-efficient investments of up to £9,000 per annum on behalf of a child. The Junior ISA must be opened by the parent or guardian of the child, but anyone can pay into it. Once the child turns 18, the Junior ISA becomes a standard adult ISA that the child can withdraw cash from.

Click here to learn more about the Interactive Investor Junior ISA.


Interactive Investor SIPP

  • An Interactive Investor SIPP offers a tax-efficient way to build up an income for when you retire. As with most pensions, you’ll receive tax relief on up to 100% of your earnings every year, with the maximum cap at £40,000. Interactive Investor gives you the freedom to decide exactly where your pension is invested.

Click here for more information on the Interactive Investor SIPP.


Interactive Investor Trading Account

  • Interactive Investor’s Trading Account offers the choice to invest in a broad range of shares, funds, trusts and ETFs, along with expert insights to help make you a more confident investor. With Interactive Investor, you can save in currency costs by managing your money in multiple currencies across the world's leading exchanges.

Click here for more information on the Interactive Investor Trading Account.

Other services and features

Quick Start Funds

Quick Start Funds is designed to make investing easy through ready-made portfolios. You can choose from six competitively charged funds provided by investment firms Vanguard and BMO, depending on your risk appetite. This includes an even mix of passively and actively managed funds.


Click here to find out more about Quick Start Funds and what one might be right for you.


Interactive Investor Model Portfolios

Interactive Investor has five model portfolios to help you reach your investment goals. This includes growth and income options, as well as an ethical portfolio.


Click here to learn more about Interactive Investor Model Portfolios.


Free Research Account

When you open a free research account with Interactive Investor, you gain access to additional insights, watchlists, a virtual portfolio and email updates. 

Ethical Investing: ACE & ACE 40

Interactive Investors' three ethical investment styles, ‘Avoid’, ‘Considers’ and ‘Embraces’ each contain carefully selected funds that take into account strict environmental and social governance criteria. You can also access the ACE 40 - a list of over 140 ethical investment options to help you identify the environmentally and socially responsible funds, trusts and ETFs that best reflect your values.


Interactive Investor Company Account

An Interactive Investor Company Account gives you the option to trade in the name of a UK limited company. You can invest in funds, ETFs, investment trusts, and both UK and international equities.

Interactive Investor Pension Trading Account

Use your Interactive Investor Pension Trading Account to buy a range of shares, funds, ETFs and investment trusts. You can set the account up to link with an existing SIPP or SSAS run by your preferred pension provider.


ii Super 60

The ii Super 60 is Interactive Investor’s rated list of quality investment options, sorted into asset groups and investment categories. With a range of active and passive funds, ETFs and investment trusts, it’s a great tool to track the market environment and find exactly what assets are best suited to your investment needs.

How do I trade with Interactive Investor?

When you sign up to an Interactive Investor trading account, you gain access to over 40,000 investments, including UK and overseas shares, funds, investment trusts, and ETFs. You can invest through an ISA, SIPP and more, with access to a free research account for additional insights.


The trading account offers a history of documents and transactions relating to your investments, to give you a clearer view of your personal investment history. There is also an option to create watchlists as part of a Virtual Portfolio so that you can track a portfolio of shares, ETFs, investment trusts and more.

Click here to learn more.

What are Interactive Investor’s charges?

Interactive Investor has three payment plans, and each plan gives you access to a Stocks and Shares ISA, Junior ISA, and General Trading Account.


Investor Plan: £9.99 per month platform fee, comes with one free trade (funds or shares). Additional trades are £7.99 per trade‍.


Funds Fan: £13.99 per month platform fee, comes with two free fund trades. Additional fund and investment trust trades are £3.99, and share trades are £7.99 per trade‍.


Super Investor: £19.99 per month platform fee, comes with two free trades (funds or shares). Additional trades are £3.99 per trade.


‍Regular Investing Service: No charge.


SIPP attracts an additional fee of £10 per month.


Click here for a more detailed breakdown of rates and charges.

Is Interactive Investor expensive?

Interactive Investor offers a simple and transparent flat-fee that starts at £9.99 and increases depending on what additional features you wish to use. It doesn’t charge percentage-based fees like other investment platforms do, which means you can keep more of your investments as they grow. There are also no leaving or joining fees, making the process of moving your money quick and easy.


Click here for a more detailed breakdown of rates and charges.


You can also use our investment platform or stock broker comparison table to see how Interactive Investor compares to other investment platforms in the UK.

Is Interactive Investor good for beginners?

Interactive Investor’s platform is designed to give DIY investors, including beginners and experts, the tools and support to make informed investment decisions.

It aims to provide useful financial information to help simplify the investment process and offers a wide range of investment options so that you can choose what’s best for you.

Is Interactive Investor safe?

Interactive Investor's customers are covered by the Financial Services Compensation Scheme (FSCS), which means that your assets are protected up to £85,000 per person.

This means you can get your money back if Interactive Investor were to go bust. Keep in mind that the FSCS does not cover losses arising from the performance of any of your investments.

Is Interactive Investor regulated by the FCA?

Yes, Interactive Investor is authorised and regulated by the Financial Conduct Authority (FCA). Have a look at their permissions on the FCA Register.

Does Interactive Investor have a referral scheme?

No.

How do I open an account with Interactive Investor?

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