Hargreaves Lansdown vs Interactive Brokers

Hargreaves Lansdown or Interactive Brokers – which is better for UK traders 2024? Compare Hargreaves Lansdown and Interactive Brokers in this detailed breakdown of their platforms, features and fees.

Hargreaves Lansdown vs Interactive Brokers Comparison Table 2024
Hargreaves Lansdown Interactive Brokers
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4.3
Hargreaves Lansdown is ranked #118 among UK brokers. Interactive Brokers is ranked #8 among CFD brokers.
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Hargreaves Lansdown has closed or no longer accepts UK clients.
Interactive Brokers (IBKR) is a premier brokerage for experienced traders, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
Pros
  • IBKR is one of the most respected and trusted brokerages and is regulated by top-tier authorities, so you can have confidence in the integrity and security of your trading account.
  • The TWS platform has clearly been built for intermediate and advanced traders and comes with over 100 order types and a reliable real-time market data feed that rarely goes offline.
  • The new IBKR Desktop platform takes the best of TWS while adding bespoke tools like Option Lattice and Screeners with MultiSort to create a genuinely impressive trading experience for traders at every level.
  • There's a vast library of free or paid third-party research subscriptions catering to all types of traders, plus you can enjoy commission reimbursements from IBKR if you subscribe to Toggle AI.
  • IBKR continues to deliver unmatched access to global stocks with tens of thousands of equities available from 100+ market centres in 24 countries.
  • While primarily geared towards experienced traders, IBKR has made moves to broaden its appeal in recent years, reducing its minimum deposit from $10,000 to $0.
  • With low commissions, tight spreads and a transparent fee structure, IBKR delivers a cost-effective environment for short-term traders.
Cons
  • TWS’s learning curve is steep, and beginners may find it challenging to navigate the platform and understand all the features. Plus500's web platform is much better suited to new traders.
  • IBKR provides a wide range of research tools, but their distribution across trading platforms and the web-based 'Account Management' page lacks consistency, leading to a confusing user experience.
  • Support can be slow and frustrating based on tests, so you might find it challenging to reach customer service representatives promptly or encounter delays in resolving issues.
  • You can only have one active session per account, so you can’t have your desktop program and mobile app running simultaneously, making for a sometimes frustrating trading experience.
FCA Regulated
No Yes
Instruments
Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
Demo Account
Yes
Minimum Deposit
$0
Payment Methods
Minimum Trade
$100
Regulator
FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB
Mobile Apps
iOS & Android
Trading App

The IBKR Mobile app, available on both iOS and Android devices, makes your phone a powerful gateway to your IBKR accounts, offering you the freedom to keep an eye on portfolios, initiate trades, and dive into real-time quotes and charts, all while managing your account activities on the fly. This app stands out for its intuitive design, making it especially welcoming for those just starting their trading journey, providing a smoother and more accessible experience than the more complex TWS platform.
iOS App Rating
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4.3
Android App Rating
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4.5
Margin Trading
Yes
Margin Rate
1.55 - 2.59%
MetaTrader 4
No
MetaTrader 5
No
cTrader
No
AlgoTrader
Yes
OmniTrader
Yes
TradingView
No
Autochartist
No
eSignal
Yes
Trading Central
Yes
STP Account
Yes
ECN Account
No
DMA Account
Yes
MAM Account
Yes
PAMM Account
No
LAMM Account
No
Demat Account
No
AI / Machine Learning
Yes
Robo Advisor
Yes
Negative Balance Protection
Yes
Market Maker
No
P2P Trading
No
Spot Trading
Yes
Auto Trading
Capitalise.ai & TWS API
Copy Trading
No
Social Trading
No
VPS Hosting
No
Tournaments
No
Demo Competitions
No
Ethical Investing
Yes
Custodial Account
No
Guaranteed Stop Loss
No
Inactivity Fee
$0
Islamic Account
No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • INR
  • JPY
  • SEK
  • NOK
  • DKK
  • CHF
  • AED
  • HUF
Commodities
  • Gold
  • Zinc
  • Aluminium
  • Natural Gas
  • Soybeans
  • Lead
  • Precious Metals
CFD
Over 8,000 CFDs are offered on a vast array of instruments, encompassing stocks, indices, forex, and commodities. Moreover, the TWS platform lends itself to seasoned traders, offering a comprehensive selection of over 100 order types and algorithms, alongside premium market data sourced from reputable sources such as Reuters and Dow Jones.
Leverage
1:50
FTSE Spread
0.005% (£1 Min)
GBPUSD Spread<
0.08-0.20 bps x trade value
Oil Spread
0.25-0.85
Stocks Spread
0.003
Forex
IBKR presents an extensive range of over 100 major, minor, and exotic forex pairs, surpassing the offerings of nearly all leading alternatives, though not CMC Markets. Forex trading occurs over multiple platforms and boasts institutional-grade spreads starting from 0.1 pips and 20 complex order types, including brackets, scale, and one-cancels-all (OCA) orders.
Assets
100+
GBPUSD Spread
0.08-0.20 bps x trade value
EURUSD Spread
0.08-0.20 bps x trade value
EURGBP Spread
0.08-0.20 bps x trade value
Cryptocurrency
IBKR lets you purchase and hold Bitcoin, Bitcoin Cash, Ethereum, and Litecoin at competitive commission rates and without needing a crypto wallet. Additionally, there is a range of other diverse assets to explore, such as crypto indices like the NYSE Bitcoin Index, as well as futures contracts like the BAKKT Bitcoin Futures.
Spread
0.12%-0.18%
Coins
  • BTC
  • LTC
  • ETH
  • XRP
Crypto Lending
No
Crypto Mining
No
Crypto Staking
No
Auto Market Maker
No
Hargreaves Lansdown Interactive Brokers
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