Hargreaves Lansdown plc Brokerage Company
Hargreaves Lansdown is a provider of share dealing services to its clients. The clients can open an account with Hargreaves Lansdown, choose the stocks they want to trade, and trade anywhere anytime.
Clients can open different types of accounts with Hargreaves Lansdown like fund and share dealing accounts, ISAs, and SIPPs. The fund & share dealing accounts of Hargreaves Lansdown are low-maintenance and low-cost and can be used to buy, sell, and hold a variety of investments at one place. This account can be to trade in over 2,500 funds, UK and overseas shares, ETFs, bonds, and investment trusts.
Hargreaves Lansdown also provides a robust, fast, and efficient trading platform to its users. The HL trading platform has a customizable display, watch lists, live share prices, linked accounts, share alerts, stop loss and limit orders, daily market updates, and interactive charts. The clients can also manage their account on-the-go with the free mobile application of HL which is compatible with most smartphones and iPad.
With respect to the fee structure, annual charges of Hargreaves Lansdown depend on whether the trader is holding shares or funds in his account. There are no annual charges for shares and on funds above the value of £2 million. For funds less than the value of £2 million, the annual charge varies between 0.45% and 1%.
There are no dealing charges for buying or selling funds. For trading UK and overseas shares, ETFs, gilts, bonds, and investment trusts, Hargreaves Lansdown charges £11.95 per month if number of deals in the previous month was less than nine, £8.95 if the number of deals was between 10 and 19, and £5.95 for the month if the number of transactions was more than twenty.
Hargreaves Lansdown is one of the leading share dealing services due to its low cost, extensive investment choices, overseas share dealing, automatic dividend reinvestment, and price improvement services.