After seven months and hundreds of hours of researching 12 different share dealing brokers
, the UK.StockBrokers.com team collected thousands of data points. To focus on two brokers, we will now compare Alliance Trust Savings vs Saxo Capital Markets.
First, we will compare the fees charged for dealing in the UK. There are two primary fees: the cost to place each trade and the monthly, quarterly, or annual management fee charged which varies depending on the type and size of your portfolio. We researched both to provide a single star rating for cost. Alliance Trust Savings's score is 4.00 stars versus Saxo Capital Markets's 3.50 stars.
Cost aside, we can now compare popular features and tools investors prefer. Access to the investments you want is important, and Saxo Capital Markets provides its clients with ISA and SIPP while Alliance Trust Savings provides clients access to ISA, ISA - Junior, SIPP and SIPP - Junior. Next, some traders desire robust charting, 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. Finally, for researching funds while share dealing, having access to mutual fund research reports is also helpful. Alliance Trust Savings makes fund research reports available to clients, while Saxo Capital Markets does not.
Overall, between Alliance Trust Savings and Saxo Capital Markets, Saxo Capital Markets is the winner
Alliance Trust Savings Review
Saxo Capital Markets Review