In this head-to-head between Hargreaves Lansdown and NAGA, the tension centers on cost, access, and long-term versus social trading capabilities.
Find out which stock broker best suits your investing profile.
Choose if…
Choose Hargre Lansdown if you want ISA and SIPP wrappers with full drawdown capability. You also benefit from a broad UK equity universe and proprietary research that informs decisions during market stress.
Choose if…
Choose NAGA if you want no minimum deposit and access to share CFDs across major US, UK, and European markets. You also gain Autocopy proportional copying of champions' equity portfolios.
Which broker wins for each type of stock trader, based on costs, safety, features, and editorial scoring.
| Editorial score | 4.3/ 5 | 3.7/ 5 |
|---|---|---|
| Min deposit | $1 | No minimum▼ lower |
| Spreads from | N/A | 0.7 pips |
| Commission / lot | N/A | N/A |
| Inactivity fee | None | $10/month (after 90 days) |
| Deposit fee |
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Hargreaves Lansdown | NAGA |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, SEC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Fail | Pass |
| Compensation scheme (e.g. FSCS, SIPC) | Pass | Pass |
| Costs | ||
| Commission-free trading | Fail | Fail |
| No deposit fee | Pass | — |
| Features | ||
| Fractional shares | Fail | Fail |
| Dividend reinvestment (DRIP) | Pass | Fail |
| Extended hours trading | Fail | Fail |
| IPO access | Fail | Fail |
| Short selling | Fail | Pass |
| Stock screener tool | Pass | Pass |
| Support | ||
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| 24/5 live chat | Fail | Fail |
| Phone support | Pass | Fail |
Hargreaves Lansdown rates 4.3/5 versus 3.7/5 for NAGA. Hargreaves Lansdown edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
NAGA starts from 0.7. Current spread data is not available for Hargreaves Lansdown. Check both brokers' websites for up-to-date spread and commission pricing.
NAGA has no minimum deposit, while Hargreaves Lansdown requires at least $1. This makes NAGA more accessible for traders with limited starting capital.
Both Hargreaves Lansdown and NAGA hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
NAGA stands out for beginners: it has a lower entry point and provides negative balance protection, which caps losses at your deposited amount. Also compare demo account availability and educational resources before deciding.
Hargreaves Lansdown lists maximum leverage of 1:1, while NAGA lists up to 20:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Hargreaves Lansdown supports Proprietary Web/Mobile, while NAGA supports MetaTrader 5, NAGA Trader. Hargreaves Lansdown has exclusive access to Proprietary Web/Mobile. NAGA has exclusive access to MetaTrader 5 and NAGA Trader.
Neither Hargreaves Lansdown nor NAGA is listed as offering commission-free trading in our data. Compare each broker's commission schedule directly, as fees vary by account type and the markets you trade.
Both Hargreaves Lansdown and NAGA are covered by a compensation scheme according to our data, providing an additional safety net for your stock investments. Confirm the specific scheme and coverage limit that applies to your account before depositing.
Hargreaves Lansdown provides FCA regulation and FSCS protection.
Hargreaves Lansdown offers ISA and SIPP wrappers for long-term investing.
Hargreaves Lansdown provides phone support and a familiar platform.
HL grants access to 20 exchanges, versus NAGA's 10.
NAGA is favored for lower explicit costs given HL charges £11.95 per share trade.
| Free |
| Free |
| Deposit methods | Bank transferDebit card | Bank transferCredit cardDebit cardSkrillNeteller |
|---|
| Withdrawal methods | Bank transfer | Bank transferCredit cardSkrillNeteller |
|---|
| Withdrawal fee | Free | Free |
|---|
| Commission-free | No | No |
|---|
| Fractional shares | No | No |
|---|
| Dividend reinvestment | Yes | No |
|---|
| Extended hours | No | No |
|---|
| IPO access | No | No |
|---|
| Short selling | No | Yes |
|---|
| Regulators | FCA | CySEC FSCA BaFin |
|---|
| Platforms | Proprietary Web/Mobile | MetaTrader 5 NAGA Trader |
|---|
| Active bonuses | 2 offers | None |
|---|
Hargreaves Lansdown edges NAGA on the editorial score due to its broader UK investment universe, deeper research, and platform reliability.
Dig deeper into each broker’s features, fees, and regulation.
Score 3.7 / 5
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