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Hargreaves Lansdown (HL) vs Kalkine

Hargreaves Lansdown (HL) lands on Depends, and Kalkine lands on Skip.

Kalkine

kalkine.com.au

Skip
Confidence: Medium

Skip it if you want investment guidance: ASIC acted on unlicensed advice in 2025 and regulators fined it for spam calls.

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Hargreaves Lansdown (HL) versus Kalkine
CompareHargreaves Lansdown (HL)Kalkine
VerdictDependsSkip
Best forUK first-time ISA and pension investorsExperienced ASX investors wanting research ideas
Who it's not forCost-sensitive investors with large portfoliosBeginners needing licensed personal advice
PrivacyNo public vulnerabilities disclosed; one reported IT outage briefly locked clients out.⁶Reported Kalkine Media data breach with exposed records (2026); prior regulatory penalties; UK entity FCA-registered.14
Support qualityNo usable evidence foundSupport complaints; regulator curbed sales calls
Public sentimentUsers praise the polished website but repeatedly criticise fees, with several switching to Interactive Investor.²Signals are mixed to negative, dominated by sales-pressure complaints, regulator actions, and poor employee reviews rather than product praise.16
Biggest gotchaPercentage platform fees compound on big balances; one Redditor models the pain at £2m invested²Expect phone-based selling; NZ regulator ordered outgoing sales calls stopped in 2022.13

Pick Hargreaves Lansdown (HL) when

  • UK first-time ISA and pension investors
  • Hands-off investors wanting ready-made portfolios
  • Buy-and-hold fund investors consolidating accounts

When Hargreaves Lansdown (HL) is not a fit

  • Cost-sensitive investors with large portfolios
  • Frequent traders hunting the lowest dealing fees
  • Anyone for whom cheapest platform fees is the deciding factor

Pick Kalkine when

  • Experienced ASX investors wanting research ideas
  • Readers of free market news and education
  • Dividend and small-cap idea hunters

When Kalkine is not a fit

  • Beginners needing licensed personal advice
  • Anyone allergic to cold-call selling
  • Privacy-conscious users after the reported breach
  • Index investors; tips add cost, not returns

Sources

  1. Hargreaves Lansdown investment platform review . Which.co.ukwhich.co.uk
    review
  2. Hargreaves Lansdown Fees are shocking . Reddit r/FIREUKreddit.com
    review
  3. Moving from HL to II has been magnificent . Reddit r/UKInvestingreddit.com
    review
  4. Hargreaves Lansdown Reviews . Trustpilottrustpilot.com
    review
  5. IG vs Hargreaves Lansdown (HL) . Finderfinder.com
    review
  6. IT failure leaves Hargreaves Lansdown clients locked out of accounts . Sharecastsharecast.com
    news
  7. Hargreaves Lansdown PLC . Financial Timesft.com
    news
  8. Our Improved Pricing, Fees, and Charges . HLhl.co.uk
    official
  9. Compare and Invest in Funds From Just £25 per Month . HLhl.co.uk
    official
  10. Product security page . HLhl.co.uk
    official
  11. ASIC acts on concerns Kalkine Pty Limited offered unlicensed adviceasic.gov.au
    news
  12. Kalkine companies fined AU$350,000 for 7,200 spam calls and 2,775 textszdnet.com
    news
  13. FMA directs Kalkine to stop making outgoing sales callsfma.govt.nz
    news
  14. Kalkine Media Data Breach: Analysis of Exposed Recordsfemtosec.io
    security
  15. Kalkine Securities Ltd . FCA Registerregister.fca.org.uk
    official
  16. Kalkine Canada Advisory Services Inc Reviewsau.trustpilot.com
    review