To find a right broker for share dealing
, we spent seven months and hundreds of hours of assessing 12 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 are rated 3.50 stars.
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 offers clients ISA and SIPP while AJ Bell Youinvest offers 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. AJ Bell Youinvest trails Saxo Capital Markets by 16 total charting tools, with Saxo Capital Markets offering 17 and AJ Bell Youinvest offering 1. AJ Bell Youinvest trails Saxo Capital Markets by 38 total different indicators (for example, moving averages), with Saxo Capital Markets offering 48 and AJ Bell Youinvest offering 10. 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 offers fund research reports while Saxo Capital Markets does not.
Overall, between AJ Bell Youinvest and Saxo Capital Markets, Saxo Capital Markets is the winner
AJ Bell Youinvest Review
Saxo Capital Markets Review