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Saxo Markets vs Barclays 2020
Your capital is at risk.
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Overall Rating
| Feature | Saxo Markets | Barclays |
| Overall | ||
| Saxo Markets Review | Barclays Review |
Trading Fees
| Feature | Saxo Markets | Barclays |
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Share Trading: 0-9 Deals/ Month |
0.10% (£8 min) | £6.00 |
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Share Trading: 10-19 Deals/ Month |
0.10% (£8 min) | £6.00 |
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Share Trading: 20+ Deals/ Month |
0.10% (£8 min) | £6.00 |
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Annual Custody Fee: £0 - £250,000* |
0.12% (min. €120 or £ equivalent) | 0.2% (minimum £48) |
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Bonds - Government (Gilts) - Fee |
0.20% (min. £72) | £6.00 |
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ETFs - Fee |
0.10% (£8 min) | £6.00 |
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Investment Trusts - Fee |
0.10% (£8 min) | £3.00 |
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Telephone Dealing Fee* |
£50.00 | £25.00 |
| Commissions & Fees | ||
| Winner | check_circle |
Platforms & Tools
| Feature | Saxo Markets | Barclays |
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Desktop Platform (Windows) |
Yes | No |
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Web Platform |
Yes | Yes |
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iPhone App |
Yes | No |
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Android App |
Yes | No |
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Stock Alerts |
Yes | Yes |
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Charting - Indicators / Studies |
49 | 67 |
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Charting - Drawing Tools |
17 | 17 |
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Charting - Notes |
Yes | No |
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Charting - Display Corporate Events |
No | No |
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Charting - Stock Overlays |
Yes | No |
| Platform & Tools | ||
| Winner | check_circle |
Research
| Feature | Saxo Markets | Barclays |
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Research - Shares |
Yes | Yes |
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Research - CFDs |
Yes | No |
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Research - Funds |
Yes | Yes |
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Fund Research - Research Reports |
No | Yes |
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Research - ETFs |
Yes | Yes |
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Research - Bonds |
Yes | Yes |
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Portfolio Allocation Breakdown |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Investments
| Feature | Saxo Markets | Barclays |
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Share Trading |
Yes | Yes |
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CFD Trading |
Yes | No |
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Funds |
Yes | Yes |
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ETFs |
Yes | Yes |
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Bonds - Corporate |
Yes | Yes |
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Bonds - Government (Gilts) |
Yes | Yes |
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Investment Trusts |
Yes | Yes |
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Spread Betting |
No | No |
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Advisor Services |
No | Yes |
| Offering of Investments | ||
| Winner | check_circle |
Education
| Feature | Saxo Markets | Barclays |
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Has Education - Share Trading |
Yes | Yes |
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Has Education - Funds |
No | Yes |
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Has Education - Retirement |
No | Yes |
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Client Webinars |
Yes | No |
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Client Webinars (Archived) |
Yes | Yes |
| Education |
Overall
| Feature | Saxo Markets | Barclays |
| Saxo Markets Review | Barclays Review | |
| Overall | ||
| Winner | check_circle |
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.
