ChoiceTrade vs Hargreaves Lansdown - BrokerCue
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Broker Comparison

ChoiceTrade vs Hargreaves Lansdown

Compare ChoiceTrade and Hargreaves Lansdown side by side: fees, regulation, platforms.

ChoiceTrade

ChoiceTrade

Active US stock and options traders

ChoiceTrade is a US broker-dealer offering commission-free stocks and ETFs, options trading, and advanced plaโ€ฆ

VS
Hargreaves Lansdown

Hargreaves Lansdown

UK long-term ISA and SIPP investors

Hargreaves Lansdown is the UK's largest retail investment platform, offering ISAs, SIPPs, funds, shares, ETFsโ€ฆ

Head-to-head comparison

ChoiceTrade vs Hargreaves Lansdown
Feature ChoiceTrade Hargreaves Lansdown
Minimum deposit - -
Stock trading fee $0 commission for listed US exchange stocks; OTC stocks charged per trade ยฃ6.95 per online trade (0-19 trades/month); ยฃ3.95 per trade (20+ trades/month); ยฃ29 by phone; free via monthly Direct Debit regular investing
Regulators SEC, FINRA, SIPC FCA
Best for Active US stock and options traders UK long-term ISA and SIPP investors
Markets & account
Stocks
ETFs
Bonds
-
Options
-
Margin
-
Demo Account
-
Funds
-
Ready Made Portfolios
-
Isa
-
Sipp
-
Investment Plans
-
Money Market Funds
-

Pros & cons

ChoiceTrade

ChoiceTrade

Pros

  • No commission on listed US stock and ETF trades
  • Free $100,000 virtual demo account
  • Direct Pro platform powered by DAS Trader for advanced charting and order routing
  • Long operating history since 2000
  • SIPC protection up to $500,000
  • ChoiceTrade Elite platform fee waived with $30,000+ account balance

Cons

  • Inactivity fee of $55 per quarter for low-activity individual/joint accounts
  • Paid platform subscriptions required for advanced tools
  • No forex, crypto, commodities, or futures trading
  • ACH withdrawal fee of $5 (max 3 per month); domestic wire $35; international wire $60
  • Limited funding methods - primarily bank transfer and ACH
  • Limited educational resources compared to larger brokers
  • Cash-settled options (SPX, OEX, RUT, VIX) carry an additional $0.75 per-contract surcharge
Hargreaves Lansdown

Hargreaves Lansdown

Pros

  • UK's largest retail investment platform with over 2 million clients
  • Wide product range: funds, shares, ETFs, bonds, gilts, investment trusts, VCTs
  • ISA, SIPP, Lifetime ISA, Junior ISA, and Junior SIPP accounts available
  • No inactivity or withdrawal fees
  • Free monthly Direct Debit regular investing for both shares and funds
  • Extensive research tools, analyst ratings, and educational content
  • Segregated client funds and FSCS protection up to ยฃ85,000
  • No account charge for Junior ISA holders

Cons

  • No demo account available
  • Share dealing fee of ยฃ6.95 is higher than several UK competitors
  • Fund annual charge is uncapped for smaller portfolios and can be expensive at scale
  • New ยฃ1.95 fund dealing fee introduced from March 2026 where trades were previously free
  • Annual share charge cap raised to ยฃ150 per year per account from ยฃ45
  • FX conversion fees apply on all overseas share trades
  • No CFDs, forex, crypto, or spread betting products
ChoiceTrade

ChoiceTrade

ChoiceTrade is a US broker-dealer offering commission-free stocks and ETFs, options trading, and advanced platforms including a DAS Trader-powered Direct Pro for active traders.

Your capital is at risk. Other fees apply.

Hargreaves Lansdown

Hargreaves Lansdown

Hargreaves Lansdown is the UK's largest retail investment platform, offering ISAs, SIPPs, funds, shares, ETFs and ready-made portfolios to over 2 million clients.

Your capital is at risk. Other fees apply.

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