Firstrade vs Hargreaves Lansdown - BrokerCue
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Broker Comparison

Firstrade vs Hargreaves Lansdown

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

Firstrade

Firstrade

Cost-conscious US stock, ETF and options traders

Firstrade is a US online broker with $0 online trades for stocks, ETFs, options and mutual funds, plus mobileโ€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

Firstrade vs Hargreaves Lansdown
Feature Firstrade Hargreaves Lansdown
Minimum deposit $0 -
Stock trading fee $0 commission 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 FINRA FCA
Best for Cost-conscious US stock, ETF and options traders UK long-term ISA and SIPP investors
Markets & account
Stocks
ETFs
Bonds
Options
-
Funds
Margin
-
Investment Plans
Ready Made Portfolios
-
Isa
-
Sipp
-
Money Market Funds
-

Pros & cons

Firstrade

Firstrade

Pros

  • $0 online trades for stocks, ETFs, options and mutual funds
  • $0 options contract, exercise and assignment fees
  • No deposit minimum and no inactivity fees
  • Overnight trading from 8 PM to 4 AM ET on 1,200+ securities
  • Options Wizard includes 40+ strategies and P&L simulations
  • ACATS transfer fee rebate up to $250 on qualifying transfers
  • Excess protection can raise coverage to $37.5 million per customer

Cons

  • Broker-assisted stock and ETF trades cost $19.95
  • Broker-assisted options cost $19.95+$0.50/contract
  • Mutual fund shares sold within 90 days can cost $19.95
  • Redemptions below $500 can incur a $19.95 fee
  • Primary Market CDs cost $30
  • Overnight trades must use limit orders only
  • ACH transfers require a U.S. financial institution
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
Firstrade

Firstrade

Firstrade is a US online broker with $0 online trades for stocks, ETFs, options and mutual funds, plus mobile apps and overnight stock and ETF trading.

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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