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Saxo Markets vs Barclays 2020

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Is Barclays better than Saxo Markets? After scoring UK share dealing accounts on over 40 different variables, Saxo Markets is better than Barclays. Saxo Markets offers UK residents an excellent share dealing experience by combining the brilliant SaxoTraderGO web platform with over 30,000 international products to trade across 36 international exchanges. While Saxo Markets trails discount competitors in pricing, overall, it is our top broker for share dealing in 2019.

Overall Rating

Feature Saxo Markets Barclays
Overall 5 4
Saxo Markets Review Barclays Review

Trading Fees

Feature Saxo Markets Barclays
Share Trading: 0-9 Deals/ Month
0.10% (£8 min) £6.00
Share Trading: 10-19 Deals/ Month
0.10% (£8 min) £6.00
Share Trading: 20+ Deals/ Month
0.10% (£8 min) £6.00
Annual Custody Fee: £0 - £250,000*
0.12% (min. €120 or £ equivalent) 0.2% (minimum £48)
Bonds - Government (Gilts) - Fee
0.20% (min. £72) £6.00
ETFs - Fee
0.10% (£8 min) £6.00
Investment Trusts - Fee
0.10% (£8 min) £3.00
Telephone Dealing Fee*
£50.00 £25.00
Commissions & Fees 3.5 4
Winner check_circle

Platforms & Tools

Feature Saxo Markets Barclays
Desktop Platform (Windows)
Yes No
Web Platform
Yes Yes
iPhone App
Yes No
Android App
Yes No
Stock Alerts
Yes Yes
Charting - Indicators / Studies
49 67
Charting - Drawing Tools
17 17
Charting - Notes
Yes No
Charting - Display Corporate Events
No No
Charting - Stock Overlays
Yes No
Platform & Tools 5 3.5
Winner check_circle

Research

Feature Saxo Markets Barclays
Research - Shares
Yes Yes
Research - CFDs
Yes No
Research - Funds
Yes Yes
Fund Research - Research Reports
No Yes
Research - ETFs
Yes Yes
Research - Bonds
Yes Yes
Portfolio Allocation Breakdown
Yes Yes
Research 4.5 4.5
Winner check_circle

Investments

Feature Saxo Markets Barclays
Share Trading
Yes Yes
CFD Trading
Yes No
Funds
Yes Yes
ETFs
Yes Yes
Bonds - Corporate
Yes Yes
Bonds - Government (Gilts)
Yes Yes
Investment Trusts
Yes Yes
Spread Betting
No No
Advisor Services
No Yes
Offering of Investments 4.5 3.5
Winner check_circle

Education

Feature Saxo Markets Barclays
Has Education - Share Trading
Yes Yes
Has Education - Funds
No Yes
Has Education - Retirement
No Yes
Client Webinars
Yes No
Client Webinars (Archived)
Yes Yes
Education 3.5 4.5

Overall

Feature Saxo Markets Barclays
Saxo Markets Review Barclays Review
Overall 5 4
Winner check_circle
Our UK.StockBrokers.com team spent seven months and hundreds of hours assessing 12 different share dealing accounts for buying shares online in the UK. In total, 46 individual variables were assessed. For this review, we will compare Barclays vs Saxo Markets.

To start this comparison, first, we will take a look at the fees charged for dealing in the UK. It's important to note that not only is there the cost to place the trade, but most share dealing brokers also charge a monthly, quarterly, or annual management fee depending on the type and size of your portfolio. We assessed both to provide a single star rating for cost. Barclays is a better option with a 4.00 star rating over Saxo Markets's 3.50 star rating.

Further breaking down costs, we analyzed four different trading scenarios. For all four scenarios, we are assuming a £30,000 portfolio for custody fees.

Scenario 1 - 12 trades per year, or 1 trade per month. Saxo Markets charges £204 and Barclays charges £132.

Scenario 2 - If you make 3 trades a month, or 36 per year, the fees with Saxo Markets wold be £396 and the fees with Barclays would be £276.

Scenario 3 - 120 trades per year, or 10 trades per month. Barclays charges £780 and Saxo Markets charges £1068.

Scenario 4 - If you make 20 trades a month, or 240 per year, the fees with Saxo Markets wold be £2028 and the fees with Barclays would be £1500.

Cost aside, we can now turn our focus to popular tools and features investors prefer in the UK. Account access is certainly at the top of the list, and Saxo Markets supports ISA and SIPP while Barclays supports ISA, SIPP and SIPP - Junior. Looking at charting, the number of drawing tools and total technical indicators made available are important as well as stock alerts. Barclays and Saxo Markets offer the same number of charting tools, 17. Saxo Markets trails Barclays by 18 total different indicators (for example, moving averages), with Barclays offering 67 and Saxo Markets offering 49. Barclays and Saxo Markets both offer basic stock alerts. Finally, for conducting research while share dealing, having access to mutual fund research reports is also helpful. Barclays has fund research reports, Saxo Markets doesn't.

Overall, between Barclays and Saxo Markets, Saxo Markets is the winner.

Barclays Review
Saxo Markets Review


All pricing data was obtained from a published web site as of 01/15/2020 and is believed to be accurate, but is not guaranteed. The UK.StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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