High Voltage Direct Current (HVDC) systems has been an alternative method of transmitting electric power from one location to another with some inherent advantages over AC transmission systems. The efficiency and rated power carrying capacity of direct current transmission lines highly depends on the converter used in transforming the current from one form to another (AC to DC and vice versa). A well configured converter reduces harmonics, increases power transfer capabilities, and reliability in that it offers high tolerance to fault along the line. Different HVDC converter topologies have been proposed, built and utilised all over the world. The two dominant types are the line commutated converter LCC and the voltage source converter VSC. This review paper evaluates these two types of converters, their operational characteristics, power rating capability, control capability and losses. The balance of the paper addresses their applications, advantages, limitations and latest developments with these technologies.