To find a right broker for share dealing
, we spent seven months and hundreds of hours of assessing ten different share dealing brokers based in the UK. Here, we will focus on two brokers and compare AJ Bell Youinvest vs Saxo Capital Markets.
Our comparison begins with the fees charged for dealing shares in the UK and being a client. The two main charges to focus on include the cost to place each trade alongside the monthly, quarterly, or annual management fee charged (varies depending on the type and size of your portfolio). We researched both to provide a single star rating for cost. Both AJ Bell Youinvest and Saxo Capital Markets hold a 3.50 star rating.
Account charges aside, we can now compare features and tools investors want in their share dealing accounts. Access to the investments is important, and Saxo Capital Markets supports ISA and SIPP while AJ Bell Youinvest supports ISA, ISA - Junior, SIPP and SIPP - Junior. Also, some investors require a high-quality charting experience, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. Saxo Capital Markets offers its clients access to 17 charting tools while AJ Bell Youinvest has 1 charting tools, a difference of 16. Saxo Capital Markets offers its clients access to 48 different indicators (for example, volume) while AJ Bell Youinvest has 10 available indicators, a difference of 38. Saxo Capital Markets makes basic stock alerts available to clients, while AJ Bell Youinvest does not. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. AJ Bell Youinvest has fund research reports, Saxo Capital Markets doesn't.
Overall, Saxo Capital Markets takes the upper hand with 4.50 stars over AJ Bell Youinvest's 4.00 stars. And, when it comes to individual category awards, Saxo Capital Markets was rated Best in Class - Platforms & Tools and Best in Class - Mobile Trading in 2017, while AJ Bell Youinvest was rated Best in Class - Mobile Trading.