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UK residents using ISAs/SIPPs for long-term investing · Investors who want broad funds/shares/ETF access and strong UK support · Clients valuing established platform, app/web usab…

European self-directed investors seeking low-cost access to stocks and ETFs · Investors who prefer web/mobile platforms and exchange-traded products

Financial Conduct Authority (FCA), United Kingdom

Primarily supervised by BaFin and Bundesbank in Germany; Dutch branch registered with DNB and supervised by AFM and DNB.

FCA register numbers disclosed by HL include 115248 (Hargreaves Lansdown Asset Management Limited), 915119/901007 (Hargreaves Lansdown Savings Limited), 189627 (Advisory Services), and 166016 (Fund Managers).

Financial licence number not disclosed in reviewed official sources. Commercial registrations found: flatexDEGIRO Bank SE HRB 141330 on flatexDEGIRO Bank SE imprint; DEGIRO UK footer states HRB 105687; Dutch Branch KvK 82510245.

Main regulated group companies: Hargreaves Lansdown Asset Management Limited; Hargreaves Lansdown Savings Limited; Hargreaves Lansdown Advisory Services Limited; Hargreaves Lansdown Fund Managers Limited.

DEGIRO is operated by flatexDEGIRO Bank Dutch Branch, a branch of flatexDEGIRO Bank SE; flatexDEGIRO Bank SE is a licensed German bank headquartered in Frankfurt am Main.

Not applicable to the core unleveraged investment platform products reviewed; no CFD/forex negative balance protection evidence found.

No negative balance protection found. Official account-profile page warns losses can exceed deposit and result in a negative Balance for derivatives, margin and short-selling services; margin profiles are legacy-only.

FSCS protection: up to £85,000 for investment business default; cash held with banks described by HL as protected up to £120,000 per institution, subject to aggregate balances and FSCS limits.

Cash in flatexDEGIRO Bank SE Cash Account protected up to €100,000 per customer under German Deposit Guarantee Scheme; investor compensation covers up to 90% of non-returned assets, max €20,000 per customer; UK FSCS does not apply.

Minimums vary: Fund and Share £0 to open; invest from £100 or £25/month. ISA/Lifetime ISA/SIPP £100 or £25/month. Active Savings/Cash ISA savings products start from £1 subject to product.

No fixed minimum deposit identified; DEGIRO homepage says users can add any amount of money to the account for free. Bank-account verification search result states minimum EUR 0.01 for linking a new bank account.

Not applicable/not disclosed for the core HL investment platform; HL discloses dealing commissions, account fees and FX charges rather than CFD/forex spread-from pricing.

Not a quoted-spread CFD/FX broker field. DEGIRO discloses that bid-ask spreads are implicit market costs and not direct broker costs.

Online share dealing: £6.95 or £3.95 depending on prior-month trades; one-off fund trades: £1.95; monthly Direct Debit regular investing: no charge; phone/post: £29 per trade.

Examples from UK fee page: US stocks €1 + €1 handling; LSE £1.75 + £1 handling; selected ETFs €0 + €1 handling; global ETFs €2 + €1 handling; options €0.75 commission. Currency, connectivity, external product and spread costs may apply.

No platform fee for deposits/top-ups identified; Direct Debit regular investing has no dealing charge.

No deposit fee disclosed on UK fee page and homepage; deposits listed as FEE €0 / no deposit-withdrawal fees.

No withdrawal/transfer-out fee for standard Faster Payment withdrawals; no exit fees.

No withdrawal fee disclosed on UK fee page and homepage; withdrawals listed as FEE €0 / no deposit-withdrawal fees.

HL states there are no charges for inactivity.

No inactivity fee; UK fee page lists inactivity fee as €0.

Shares, funds, ETFs, investment trusts, gilts and bonds, VCTs, LTAFs, ready-made investments and cash savings products.

Shares, ETFs, bonds and derivatives such as options and futures; DEGIRO product pages also describe investment funds availability.

Trade/manage online via website, the HL app, and by phone; phone/post trades carry a higher charge.

DEGIRO provides a web/desktop trading platform (Webtrader) and mobile apps for iOS and Android.

HL offers Stocks and Shares ISA, Lifetime ISA, Fund and Share Account, Cash ISA, Junior ISA, SIPP, Active Savings, Junior SIPP and Bare Trust Account.

DEGIRO account/profile types include Basic, Active, Trader, Day Trader and Custody. Active, Trader and Day Trader are legacy-only and new margin profiles are no longer available.

Add money by debit card, Pay by bank/Easy bank transfer, manual bank transfer, Direct Debit and transfers in.

Manual bank transfer from a verified linked/reference bank account; deposits must use the account base currency.

Withdrawals normally go to a nominated bank account; recent card top-ups may be refunded to the debit card; Lifetime ISA house purchase withdrawals go to conveyancer.

Withdrawals go back to the primary registered/linked bank account; only uninvested cash in the Cash Account can be withdrawn.

Same day before noon on a working day; next working day after noon/non-working day; 3-5 working days for some debit-card refunds; sell proceeds must settle first.

Withdrawals may take up to 2-4 working days; transfers can take up to 2-3 working days to complete.