Are you confused about whether to choose FXCM vs Hargreaves Lansdown as a broker for your investing needs?
In this side-by-side comparison, we analyse FXCM vs Hargreaves Lansdown to help you understand how these apps compare on some of the most common features and make a better-informed decision about the best broker for you.
Below, you’ll find the pros and cons of each broker, as well as a comparison table that features the different fees charged, the financial instruments supported, the regulation, and more. Keep reading!
FXCM vs Hargreaves Lansdown: In a Nutshell
Wide variety of investment platforms
FXCM is a London-based online broker that specializes in Forex and CFDs trading, with a global presence and extensive experience in the financial markets (20+ years).
FXCM provides access to a wide variety of financial instruments, including major and minor currency pairs, commodities, indices, and cryptocurrencies.
One notable aspect of FXCM is its No Dealing Desk (NDD) execution model, which aims to provide traders with transparent and fair trade execution.
Reliability and security (UK investors only)
Hargreaves Lansdown is one of the biggest UK platforms for individual investors. It serves more than 1.5 million clients with over £120 billion AUMs.
You will find the most relevant financial instruments (Stocks, ETF, funds,…). It’s a bit pricey, but it makes up for it by being one of the most reliable brokers.
It is well-established, secure and regulated by the FCA. The customer service is market-leading, and their educational resources are superb.
Pros and Cons
FXCM
Pros
- Demo account
- Access to various investment platforms (MT4, Trading Station, ZuluTrade, Tradingview and Capitalise AI)
- Flat Fees on Forex (For active traders)
- Additional insurance up to €1 million per client
- Good education resources
Cons
- Limited product offering (no real products)
- Inactivity fees
- Platforms may be complex for beginners
Hargreaves Lansdown
Pros
- Excellent research and educational tools
- Great customer service
- No inactivity fee
- No withdrawal fee
- No minimum deposit
- High reliability and security
- Listed in the FTSE 100 index
- Has ISA, SIPP, and other products and services catered to british investors
Cons
- High trading commissions (UK and overseas shares, investment trusts, ETFs, gilts and bonds)
- Annual account charges for funds (up to 0.45%)
- No demo account
- Only one base currency: GBP
- High currency conversion fee (up to 1%)
FXCM vs Hargreaves Lansdown: Side-by-side Comparison
- General Information
- Founded in
- Demo Account
- Account Minimum
- Interest on unninvested cash (annually)
- Products
- Stocks
- ETFs
- Bonds
- Funds
- Options
- Futures
- CFDs
- Leverage Products
- Forex
- Cryptocurrencies
- Commodities
- Fees
- US stocks
- EU stocks
- ETFs
- Cryptocurrencies
- Custody Fee
- Inactivity Fee
- Withdrawal Fee
- Connectivity Fee
- Currency Conversion Fee
- Security
- Regulators
- Investor Compensation Scheme(per person, per institution)
Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.
