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Saxo vs Barclays 2024

StockBrokers.com

Written by StockBrokers.com

August 06, 2024

Is Saxo better than Barclays? After scoring the best share dealing accounts across 46 different variables, our analysis finds that Saxo is better than Barclays. Saxo Markets’ trading platform is highly sophisticated and offers a huge range of international shares and funds. The biggest downside is the cost, as its charges are higher than its U.K. competitors. It's best suited for experienced investors rather than beginners.

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Compare

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Overall Rating Saxo Barclays
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 4/5 Stars 5/5 Stars
Investment Choices 5/5 Stars 5/5 Stars
Mobile App 5/5 Stars 2.5/5 Stars
Website 4.5/5 Stars 4.5/5 Stars
Ease of Use 4/5 Stars 3.5/5 Stars
Education 5/5 Stars 4.5/5 Stars
Review Saxo Review Barclays Review
Winner check_circle
Investments Saxo Barclays
ISA info Yes Yes
SIPP info Yes Yes
Share Trading info Yes Yes
CFD Trading info Yes No
Funds info Yes Yes
ETFs info Yes Yes
Bonds - Corporate info Yes Yes
Bonds - Government (Gilts) info Yes Yes
Investment Trusts info Yes Yes
Spread Betting info No No
Crypto Trading info No No
Advisor Services info No Yes
Trading Fees Saxo Barclays
Minimum Deposit info £0 £0
Share Trading: 0-9 Deals/ Month info From £3 or 0.08% £6
Share Trading: 10-19 Deals/ Month info From £3 or 0.08% £6
Share Trading: 20+ Deals/ Month info From £3 or 0.08% £6
5 trades per year (£30k portfolio) info 0.12% + 0.08% (or £3) per trade: a minimum of £51 £105
12 trades per year (£30k portfolio) info 0.12% + 0.08% (or £3) per trade: a minimum of £72 £75 or £147
36 trades per year (£30k portfolio) info 0.12% + 0.08% (or £3) per trade: a minimum of £144 £75 or £291
120 trades per year (£30k portfolio) info 0.12% + 0.08% (or £3) per trade: a minimum of £396 £75 or £795
3 fund trades per year (£30k portfolio) info 0.4% + 0% commission: £120 £75
Annual Custody Fee: £0 - £250,000 info Up to £800 info £0 - £525
Annual Custody Fee: £250K-£500K info £500 to £1,000 £525 - £650
Annual Custody Fee: £500,000 - £1m info Up to £1,998 £650 - £850
Annual Custody Fee: £1m and over info £1,000 £850 and up
Bonds - Corporate - Fee info €20 minimum £6
Bonds - Government (Gilts) - Fee info €20 minimum £6
ETFs - Fee info From $1 £6
Investment Trusts - Fee info From $1 / £3 / €10 £6
Telephone Dealing Fee info £50 £25
Broker Screenshots Saxo Barclays
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Platforms & Tools Saxo Barclays
Web Platform info Yes Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 64 0
Charting - Drawing Tools info 20 0
Charting - Notes info Yes No
Charting - Display Corporate Events info No No
Charting - Stock Overlays info Yes No
Charting - Index Overlays info Yes No
Research Saxo Barclays
Research - Shares info Yes Yes
Research - CFDs info Yes No
Research - Funds info Yes Yes
Fund Research - Research Reports info Yes Yes
Research - ETFs info Yes Yes
Research - Bonds info Yes Yes
Portfolio Allocation Breakdown info Yes Yes
Education Saxo Barclays
Education (Share Trading) info No Yes
Education (Funds) info No Yes
Education (Retirement) info No Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Overall Summary Saxo Barclays
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 4/5 Stars 5/5 Stars
Investment Choices 5/5 Stars 5/5 Stars
Mobile App 5/5 Stars 2.5/5 Stars
Website 4.5/5 Stars 4.5/5 Stars
Ease of Use 4/5 Stars 3.5/5 Stars
Education 5/5 Stars 4.5/5 Stars
Review Saxo Review Barclays Review
Winner check_circle
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Comparing online share dealing platforms side by side is no small task. For our 2024 review of U.K. brokers, more than 900 data points were collected over a 10-week period and used to score each broker. Let’s compare Saxo and Barclays.

Saxo vs Barclays Comparison

For our 2024 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Saxo vs Barclays.

Is Saxo a good broker?

Saxo Markets’ trading platform is highly sophisticated and offers a huge range of international shares and funds. The biggest downside is the cost, as its charges are higher than its U.K. competitors. It's best suited for experienced investors rather than beginners.

Is Barclays a good broker?

Barclays Smart Investor offers a wide range of investments and accounts and is a good value for those with a midsize portolio who like flat fees. On the downside, it can be complicated to open an account as a non-Barclays bank customer, and you can’t buy or sell investments through the app if you don’t have a Barclays bank account.

Which broker is less expensive?

Alongside the cost per trade, most UK online brokers also charge a monthly, quarterly, or annual management fee, which varies based on the account type and balance. Based on our thorough review, Barclays offers better pricing than Saxo for share dealing.

Assuming a £30,000 portfolio size, here are the total annual costs for share dealing with both brokers, given different monthly activity scenarios.

5 trades per year - Saxo would cost 0.12% + 0.08% (or £3) per trade: a minimum of £51 per year, while Barclays would cost £105 per year.

12 trades per year - Saxo would cost 0.12% + 0.08% (or £3) per trade: a minimum of £72 per year, while Barclays would cost £75 or £147 per year.

36 trades per year - Saxo would cost 0.12% + 0.08% (or £3) per trade: a minimum of £144 per year, while Barclays would cost £75 or £291 per year.

120 trades per year - Saxo would cost 0.12% + 0.08% (or £3) per trade: a minimum of £396 per year, while Barclays would cost £75 or £795 per year.

3 fund trades per year - Saxo would cost £0 per year, while Barclays would cost £0 per year.

query_stats What type of trader are you?

New to the world of investing? See my picks for the best UK trading platforms for beginners. More experienced traders should check out my guide to the best UK Trading Platforms for Active Traders. If you're looking to trade shares on the go, read my guide to the best UK stock trading apps.

How do Saxo and Barclays compare in terms of minimum deposits required?

Saxo requires a minimum deposit of £0, while Barclays requires a minimum deposit of £0. From our testing we found for accounts between £0 - £250,000 Saxo charges annual custody fees of Up to £800, while Barclays charges annual custody fees of £0 - £525.

Which broker offers a wider range of investment options?

Saxo offers investors access to ISA, SIPP, Share Trading, CFD Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts, while Barclays offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts and Advisor Services. Neither have Spread Betting and Crypto Trading. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Do Saxo and Barclays offer ISA or SIPP accounts?

Self-invested personal pensions (SIPPs) and individual savings accounts (ISAs) are tax-advantaged savings accounts that are an important tool for many individual investors. You can read more about how these accounts operate at Gov.UK: Click here for SIPP information and here for ISA information. Our analysis finds that Both Saxo and Barclays offer SIPP and ISA accounts.

Do Saxo and Barclays offer cryptocurrency?

In our analysis of top brokers for share dealing in the U.K., we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum, which is still a somewhat rare offering amongst major U.K. brokers. Our review finds that neither Saxo nor Barclays offer crypto investing.

Which broker offers a better website experience?

Our testing concluded that the website of Saxo is better than the website of Barclays. Saxo offers more functionality, is cleanly designed, and is, overall, easier to use for beginners and casual investors.

Which stock trading app is better?

To compare the trading platforms of both Saxo and Barclays, we tested each broker's stock trading app. All features compared, our analysis finds that Saxo offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.

Do Saxo and Barclays offer educational resources?

Educational offerings are of particular importance to those who are newer to investing, and we examine the availability of several different types of educational materials in our analysis. Our research finds that Saxo offers traders access to Client Webinars and Client Webinars (Archived), while Barclays offers access to Education (Share Trading), Education (Funds) and Education (Retirement).

Overall winner: Saxo

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