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    • richard246
    • By richard246 3rd Dec 17, 8:21 PM
    • 5Posts
    • 0Thanks
    richard246
    Difference between Hargeaves Lansdown and Plus500
    • #1
    • 3rd Dec 17, 8:21 PM
    Difference between Hargeaves Lansdown and Plus500 3rd Dec 17 at 8:21 PM
    Hi All,

    I've been looking into both Plus500 and Hargreaves Lansdown to hopefully invest in some companies. I'm 99% set on Hargreaves Lansdown being the huge reputable organisation they are, but who are Plus500 and why do they seem to be able to do the same thing without charging £12 every time I want to invest / withdraw funds?

    Any help or advice from people using either of these organisations would be appreciated!

    Thanks,

    Richard
Page 1
    • kidmugsy
    • By kidmugsy 3rd Dec 17, 8:30 PM
    • 9,896 Posts
    • 6,673 Thanks
    kidmugsy
    • #2
    • 3rd Dec 17, 8:30 PM
    • #2
    • 3rd Dec 17, 8:30 PM
    We've been pleased with HL's service on our SIPPs. If our SIPPs were bigger - say, more than £40k or £50k - we might well have tried to find a firm that's cheaper.

    I've never heard of Plus500.
    Free the dunston one next time too.
    • ColdIron
    • By ColdIron 3rd Dec 17, 8:32 PM
    • 3,663 Posts
    • 4,409 Thanks
    ColdIron
    • #3
    • 3rd Dec 17, 8:32 PM
    • #3
    • 3rd Dec 17, 8:32 PM
    With Plus500 you are trading CFDs not shares, a very different proposition

    https://www.plus500.co.uk/Docs/Plus500UK/RiskDisclosureNotice.pdf
    • AlanP
    • By AlanP 3rd Dec 17, 8:34 PM
    • 998 Posts
    • 708 Thanks
    AlanP
    • #4
    • 3rd Dec 17, 8:34 PM
    • #4
    • 3rd Dec 17, 8:34 PM
    By the looks of it OP you are comparing Apples & Oranges.

    HL will give you a platform to support investing into Funds / Companies.

    Plus500 will give you a platform to gamble on CFDs, BitCoin etc.

    https://www.plus500.co.uk/

    Beten to it again.
    Last edited by AlanP; 03-12-2017 at 8:35 PM. Reason: MUST TYPE FASTER!
    • richard246
    • By richard246 3rd Dec 17, 8:40 PM
    • 5 Posts
    • 0 Thanks
    richard246
    • #5
    • 3rd Dec 17, 8:40 PM
    • #5
    • 3rd Dec 17, 8:40 PM
    I was searching on the plus500 website for something that mentioned 'CFD' or anything similar, thanks for the link, so obvious now. I'll stick with HL.

    Thanks all for your quick responses
    • dunstonh
    • By dunstonh 3rd Dec 17, 8:41 PM
    • 89,900 Posts
    • 56,578 Thanks
    dunstonh
    • #6
    • 3rd Dec 17, 8:41 PM
    • #6
    • 3rd Dec 17, 8:41 PM
    why do they seem to be able to do the same thing without charging £12 every time I want to invest / withdraw funds?
    HL are an investment platform. Plus500 are a trading platform. Apples and oranges.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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