Freetrade
Hargreaves Lansdown
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| Freetrade | Hargreaves Lansdown | |
|---|---|---|
| Account types | ||
| Stocks and shares ISA | ||
| General investment account (GIA) | ||
| CFD trading | ||
| Crypto trading | ||
| Fees | ||
| Account fee | £5.99 per month | 0.45% per year |
| Foreign exchange fee | 0.59% | 0.25%-1.00% |
| Trading fee | Free | £5.95 |
| Safety & regulations | ||
| FSCS protected | ||
| Others | ||
| Range of stocks | 6,000+ | 4,000+ |
| Interest on cash | 1% | 3.7% |
| Demo account | ||
| iPhone / Android Apps | ||
| Desktop / Web Apps | ||
| Known for | Simple to use | Customer support |
| Keep in mind | Capital at risk | Capital at risk |
| Go to site | Go to site | |
Updated: Jul 2024
Summary (Freetrade vs Hargreaves Lansdown)
Freetrade and Hargreaves Lansdown are investment platforms catering to different investor needs. Freetrade is a commission-free trading app, emphasizing simplicity and accessibility, making it suitable for investors seeking a user-friendly experience with individual stock and ETF trading. Hargreaves Lansdown, a more traditional platform, offers a comprehensive suite of investment options, including funds, stocks, and pensions, but with associated fees. While Freetrade is ideal for cost-conscious individuals and those new to investing, Hargreaves Lansdown targets investors looking for a broader range of financial products and comprehensive services. The choice depends on individual preferences, with Freetrade appealing to simplicity, and Hargreaves Lansdown offering a more comprehensive investment platform.