Advantages: Great site, competetive charges, good extras Disadvantages: Extra charges and £1000 Bos savings account
Hargreaves Lansdown are the fourth online broker that I have had the pleasure of using so, by now, I've got a pretty good point of reference to compare. Having started with Barclays Stockbrokers and moved on because of the rather expensive costs (comparatively), I dumped almost my entire holding during a month's free trading at Charles Schwab but pulled out before the exorbitant fees kicked in. After a brief but fruitless flirtation with the bargain ... ...happily in the lap of Hargreaves Lansdown, a classy joint with the added attraction of competetive fees. In my opinion, there are five elements which combine to make an online broker excellent, very poor or somewhere in between, (poor, faverage or good, lets say). These are:
Price
Quality and reliability of site
Range of investments
Application procedure
Extra stuff
So lets go:
PRICE
At the moment HL are doing a deal whereby you get to deal ...
Bubba77 05.02.2001
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Ciao members have rated this review on average: very helpful Review of Hargreaves Lansdown
Advantages: Cheapest Execution only stockbroker Disadvantages: Takes upto a few days to get everything set up.
Hargreaves Lansdown (HL) was my second experience with an online stockbroker, my first being with Barclays. The fact that I didn't have to maintain a bunch of paper certificates was a major factor in chosing HL, coupled with the low charges. From an extensive search of many online brokers which offered the paperless CREST system (including Barclays) I decided upon HL. At £9.95 per transaction, plus about £50 a year management free (for the CREST ... ...up the account, which took a few days, I found dealing easy and worry free, there is even a limit option to prevent you from buying (or selling) at unwanted prices. Once completed you will recieve the contract note by post and the deal is done. One irritating point I found was that, you are unable to buy if the money hasn't cleared through your dealing account (and visible on their online system), which can take a couple of days.
You get a monthly ...
thatboymark 11.02.2001
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Ciao members have rated this review on average: very helpful Review of Hargreaves Lansdown
Advantages: Excellent service. Cheapest in UK. Disadvantages: Absolutely none.
...ALL my share dealing with Hargreaves Lansdown on-line. Setting up the account was very easy on-line. The basic dealing account costs £40 per annum for which you also get 36 monthly publications relating to share tips, broker comments etc on FTSE and AIM stocks. These alone are worth some £120 per annum at normal client prices!
Share dealing is carried out AT A SET £9.95 PER DEAL!! A price that is definitively the cheapest available anywhere in the ... ...approx 4% interest at present. Hargreaves Lansdown charge £12.50 for management of the Securities Account. This is more than paid for if you have an average of £1500 in the account!
Dealing on the net is essentially instantaneous from an easy to use transaction page, supported by real-time prices. Confirmation of the deal is usually given almost instantaneously in a transaction history file, and an e-mail confirms all the details. A contract note ...
wiseoldowl 23.08.2000
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Ciao members have rated this review on average: very helpful Review of Hargreaves Lansdown
Advantages: Very cheap, Very efficient, Very reliable. Very professional. Disadvantages: Absolutely none!
...years ago I switched to Hargreaves Lansdown and have received 100% satisfaction ever since. Their telephone dealing was absolutely excellent, and their on-line dealing has bees completely without fault.
A good web site, with real-time prices and share quotes, accompanied with an extremely easy to use dealing page, and high security levels, are complemented bt an e-mail return to confirm allk deals within a minute or two, and contract notes received ...
wiseoldowl 15.08.2000
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Ciao members have rated this review on average: very helpful Review of Hargreaves Lansdown
Advantages: very cheap and reliable Disadvantages: ? high management charges
I have been using HL for about 9 months now and it is the best broker I had so far in terms of cost, accessibility and reliability. I also use Killik but the charges are very high. I have prevoiusly used Teletrade and Charles Schwab before them but they wouldnt match HL in terms of service and cost.
The dealing charges are fixed at £9.95 per trade aand till last week, once you place the order onlin it is executed manually by the delarers. However ... ...on, you will be given a quote and you would have 15 seconds to accept it. If the quote is not accepted within 15 seconds, one has to place the deal again. It is one of the big steps forward for me as I have been waiting for a longtime for this. Some are concerned about the management charges (£12.50 per quarter) which is not too high considering the low dealing charges. ( as far I am aware it is the cheapest flat rate dealing around at present)
...
sivam 10.03.2001
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Ciao members have rated this review on average: helpful Review of Hargreaves Lansdown
Hargreaves lansdown have lost us thousands of pounds in their portfolio management service, we invested our life savings with them, they lost thousands off our pensions and isa products, please beware when investing with them. We were given the totally wrong advice for a short time to retirement, they invested our money in equities which was wrong. The salesmen who came to see us gave us wrong information and completely mislead us. in our opinion ... ...they tell such a good story of other clients who are pleased with their investments, none regarding ones who are very dissatisfied, their charges are very high and this eats into any investment especially pensions, they try and tell people to invest in Sipps, but unless you know about stock and shares you can lose a lot of money. ...
deadfox 17.02.2009
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Ciao members have rated this review on average: helpful Review of Hargreaves Lansdown
Advantages: Efficient, keen prices Disadvantages: Not for occasional dealers
...have been receiving mailings from Hargreaves Lansdown for some months. I have also been looking for an online broker to hold my share dealing account and it looks to me as if HL have the best offer in the marketplace. Each deal costs £9.95 regardless of its size (of course you have to pay the stamp duty on purchases) and there is a quarterly charge of £12.50 to maintain the account. Interest is paid on the balance at a reasonable, but not generous, ... ...only deal rarely, this account is not for you. in all my exchanges with Hargreaves Lansdown I have found them friendly, efficient and helpful; they are clearly an ambitious outfit and I would not rule out a float of HL on the stock market in the next year or so. ...
Elagabulus 30.08.2000
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Quick review of Hargreaves Lansdown
SIgning up with this stockbroker was very quick indeed. Trading is very straightforward and is confirmed with both email and letter through the post. Prices are very reasonable @ £9.95 for up to 499 shares and £14.95 for 500 to 1500. The information and advice available on the website is reasonable quality although checking Digital Look and Reuters content remains essential for me . I would strongly recmmend this company. ...
Paulstephen61 14.12.2007 (13.12.2007)
Ciao members have rated this review on average: helpful Review of Hargreaves Lansdown
Advantages: Cheapest commission available Disadvantages: New to online broking, needs testing out
...have not actually used the Hargreaves Lansdowne broking service yet, though I do use the company for discount broking of other things like ISAs, bonds, etc - and very efficient they are.
I hope to join them imminently, as their commission rate is a flat £9.50 per trade - the cheapest I am aware of. You need to set up a bank account with them, initial deposit of £1000 from/to which they debit, credit transactions. The account is Bank of Scotland, ... ...average High Street account. You can get plenty of information from the site without being a client, but are given much wider access when you become one, so don't be afraid to have a look without signing up.
My only worries are, as with any other online broker, whether when market is crashing or rocketing, one can get through to them. (I was spoiled in the past by having a tame traditional broker whom I could contact on a direct line - those were ...
griffiti 28.07.2000
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