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 Alliance Trust Savings 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. Alliance Trust Savings received a rating of 4.00 stars over Saxo Capital Markets's 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 Alliance Trust Savings 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. Saxo Capital Markets boasts an offering of 17 charting tools compared to Alliance Trust Savings's 1 available charting tools. Alliance Trust Savings trails Saxo Capital Markets by 38 total different indicators (for example, moving averages), with Saxo Capital Markets offering 48 and Alliance Trust Savings offering 10. Saxo Capital Markets offers basic stock alerts while Alliance Trust Savings does not. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Alliance Trust Savings offers fund research reports while Saxo Capital Markets does not.
Overall, Saxo Capital Markets comes out on top with 4.50 stars over Alliance Trust Savings's 3.50 stars. And, when it comes to individual category awards, Saxo Capital Markets finished with awards Best in Class - Platforms & Tools and Best in Class - Mobile Trading in 2017, while Alliance Trust Savings came up with Best in Class - Customer Service.