How much does OEIC investing cost on Hargreaves Lansdown?

OEICs Open-Ended Investment Company

Hargreaves Lansdown OEIC Investing Customer Reviews & Expert Rating

The overall score out of 10 combines our expert rating out of 5 with the average customer rating out of 5.
7.8/10Basic

Based on 1,775 customer reviews and our expert analysis

  • Experts rate Hargreaves Lansdown OEIC Investing highly, giving it an overall score of 4.0/5. They highlight the absence of charges for buying and selling open-ended investment companies as a significant advantage, alongside competitive account fees starting at 0.45%. However, they note a lack of cap on fund fees as a downside.
  • Across 1775 user reviews on Good Money Guide, averaging 3.8/5, customers frequently commend the platform's user-friendly app and responsive customer service. Many appreciate the competitive offerings for Junior ISAs and the ease of setting up accounts. However, some users express concerns about high fees and difficulties with customer support, particularly regarding account access and verification processes.

Hargreaves Lansdown OEIC Investing Expert rating

Our expert rating is the average of the areas listed here, each scored out of 5 by our team.
4.0Very good

Our experts have rated Hargreaves Lansdown OEIC Investing across five key areas of our review framework.

  • Pricing4.0
  • Market Access4.0
  • Online Platform4.0
  • Customer Service4.0
  • Research & Analysis4.0
Pros
  • £1 minimum deposit
  • Account fees from 0.45%*
Cons
  • No cap on fund fees
See full expert review

Our verdict

Over 1.7 million people invest through HL and trust them to help them invest over £140bn. HL have been helping investors pick their own open ended investment companies since 1981.
Capital at risk.

Summary

There is no charge for buying and selling open-ended investment companies. Accounts are charged at 0.45% for the first £250,000. Then 0.25% up to £1m, 0.1% up to £2m. There is no charge above £2m.

Customer reviews for Hargreaves Lansdown

Customer ratings come from reviews left on this site. Every review is read and approved before it is published.
3.8Basic

Based on 1,775 reviews

  • Excellent27%
  • Very good38%
  • Basic24%
  • Poor7%
  • Bad4%
Read customer reviews
Excellent App but high buying fees
Neil Rimmer ·

HL is an excellent platform as it’s easy to use and set up. It does however have rather large fees when buying a share. Considering the number of clients they have I’m surprised they remain high and is the reason I am looking for an alternative for my Stocks and Shares ISA

My trust in their knowledge is key
Holly Jordan ·

When you are a newbie to investing, it can be overwhelming, there are sharks in the tank that you need to avoid, along with many obstacles to overcome. While no financial organisation can deliver guidance with a crystal ball - I have found Hargreaves's Lansdown to operate with expertise and business integrity with a focus on client satisfaction. This has led me to confidently invest in a safe and secure environment with top class educated guidance. I don't think you can do better than that.

Great value for Junior ISAs
John Zachary ·

Set up Junior ISAs for my kids last year with 0% commission on all trades into and out of the Junior ISAs has been an excellent way to get them started in investing. I use other resources for keeping track of my portfolio but the overall service provides excellent value for money.

SAFE AND SECURE LIKE A TRUSTED OLD FRIEND
James Gray ·

I have been a customer of Hargreaves Lansdowne for many decades, and I use the platform to manage my stocks and shares ISA, my SIPP, plus my Fund and Share Account.
The platform is easy to navigate
The choice of investments is wide ranging.
The customer service is very good, though not as good as it used to be since a cost saving exercise about a year ago.
Obviously, other platforms are cheaper, and for that reason I cannot give it five stars.
It is safe and secure like a trusted old friend, and long may that continue.

No fees on JISA is Great - Webstite Needs Improvement
Justin ·

Love the lack of fees on the product for the junior ISA. Really draws me in to make the most of the contributions that are made to it. However I really don't enjoy using the HL website to manage the JISA. It lacks a lot of the ease of use that you find in other products e.g. Invest Engine, Trading 212 that HL should be able to compete with. Just changing my contribution / d

Good
Neil Andrew harrison ·

Good service speed, feedback clear website

Investors
Kashif Zafar ·

My Friend made a small investment in Hargreaves Lansdown PLC . They are a United Kingdom-based digital wealth management service administering company. The Company provides a range of services, including stocks and shares individual savings account (ISA), Self-Invested Personal Pension (SIPP), share dealing, fund dealing, drawdown, cash savings, lifetime ISA and junior ISA.
There is so much to like about this company. They have money in the bank. The returns are enormous with ROC of 50% ROE of 46% and a healthy margin of 48%. Gearing is low. Liquidity is good. Analyst sentiment is reasonably positive. The fundamentals are excellent . Revenue is increasing . Operating profits are steady. Cash flow and working capital are all good.
I had a few reservations. New investment last year was 38% down year on year. However, this is understandable in a cost of lockdown crisis. In addition, compared to their peers, such as AJ Bell, they are not doing that badly.
Another drawback is that HL are not competitive for those who are just getting started with investing. Investors with a large portfolio are ok because of the platform fee cap. However, HL could well lose out to new platforms offering commission free trading and no platform fees.
I like the sound of the new CEO and a potential British ISA may bring in more clients.
All in all, this is a quality company that I bought at a low price (P/E 11) with a great dividend story (expected 6.6% this year). which they have consistently paid over the past 8 years: with no share dilution.
This will be a stock that I will hold and enjoy the dividend and probable capital accumulation

Will be transferring a JISA here as it is fee free!
Kishan ·

I will be transferring a JISA to HL as it is fee free and also pays interest on any cash held which my current provider does not.

Stocks & Shares JISA
Raj ·

Been using HL to invest for my daughter’s future. All transactions are quick and simple to execute. Buy & sell orders fulfilled smoothly. I also was impressed with their customer service and help in transferring in a cash JISA from Nationwide. The application process was easy and the response was swift.

Reliable and User-Friendly, but High Fees Make It Worth Exploring Alternatives
Ryan Letley ·

I've been a Hargreaves Lansdown customer for many years, and the platform does exactly what it says on the tin. It's generally user-friendly, reliable, and offers a wide range of investment options and app. However, it is undeniably expensive compared to other platforms. The fees add up, especially if you're an active investor. While I plan to continue using it for now, the market has become increasingly competitive, and it's worth exploring other options that offer similar functionality at a much lower cost.

HL is not acting in my best interests, I have been waiting over 6 weeks for my drawdown funds.
Ronald Keith Sainsbury ·

HL pensions staff have not been helpful, open or transparent with my drawdown application. I am still waiting after 6 weeks and have no confidence in their internal work processes. HL are not acting in my best interests.
I wish I had checked Good Money Guide and other sites before as others have experienced similar issues. Delayed payment appears a deliberate HL policy.

Hargreaves Lansdown Excellent
Jolita Hallas ·

HL currently is a market leader to my investment experience. Top service, top platforms, safe an secure with a large portfolio and great analytics. I would recommend.

Easy to use app. Moderate plans
Mark Hyde ·

App is pretty intuitive and decent value

Investment guide
Prajwal ·

I’ve been following Hargreaces Lansdown it has been helpful to understand present money and investing guide.

Good and safe
Daphne MacFarlane ·

They hold my shares. It’s an easy website to navigate.

Excellent service
Amanda WESTWOOD ·

I like the HL app which allows me to follow markets and my investment with ease. It was also very simple to set up.

investments
Anokh ·

professional competent and efficient
keep you updated trustworthy

AVOID AT ALL COSTS
Katrina Edmonds ·

1. I Sold isa to pay deposit for house. 2. I Changed my address which stopped me nominating a bank for transfer.
3. Spoke to them was asked to provide proof of house purchase which I did.
4. 10 days later despite an email saying they would be in contact in next few days I heard nothing.
5 Rang them , nothing had been done! I wasn't allowed to speak to the relevant department they don't speak to customers.
6. Looks like at least another week before I can even nominate my bank for a transfer exchange date is before that.
IF YOUR HAPPY TO BE ABUSED AND DONT WANT CONTROL OVER YOUR FINANCES HARGREAVES LANSDOWN IS THE COMPANY FOR YOU, FOR OTHERS AVOID THESE SOULLESS COMPANY.

Professional & efficient
Richard ·

People & platform - professional, competent & efficient. Overall, great value.

Does the job
Grant Holland ·

No fuss - just really good platform and service

It’s free to buy and sell OEIC (open-ended investment companies) on Hargreaves Lansdown, but there is an ongoing charge. In our HL OEIC review below we go through the charges and specifics about investing in open-ended investment companies with Hargreaves Lansdown.

There is no charge for buying and selling open-ended investment companies. Accounts are charged at 0.45% for the first £250,000. Then 0.25% up to £1m, 0.1% up to £2m. There is no charge above £2m.

Compare Hargreaves Lansdown to other OEIC platforms below:

OEIC PlatformDealing CommissionFund Account FeeCustomer ReviewsMore Info
AJ Bell OEIC Investing£1.500.25% – 0.1% (Based on 1,103 reviews)Visit Platform
Capital at Risk
Interactive Investor OEIC Investing£7.99£9.99pm (Based on 1,125 reviews)Visit Platform
Capital at Risk
Hargreaves Lansdown OEIC Investing£00.45% – 0.1% (Based on 1,775 reviews)Visit Platform
Capital at Risk
Bestinvest OEIC Investing£00.4% – 0.1% (Based on 109 reviews)Visit Platform
Capital at Risk

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