Saxo Markets vs Barclays 2020

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.

Which broker is cheaper: Barclays or Saxo Markets?

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's score is 4.00 stars versus Saxo Markets's 3.50 stars.

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

1 Trade Per Month - Barclays only charges £132.00 while Saxo Markets charges £204.00.

3 Trades Per Month - Barclays is cheaper under this scenario. Barclays would cost £276.00 while Saxo Markets would cost £396.00.

10 Trades Per Month - Barclays is the cheaper option. Fees with Barclays would be £780.00 while fees with Saxo Markets would be £1,068.00.

20 Trades Per Month - Barclays costs less in this case. Barclays charges £1,500.00 while Saxo Markets charges £2,028.00.

The annual management fee for each broker, which is a percentage of total assets, is as follows under a £30,000 portfolio Saxo Markets charges 0.12% (min. €120 or £ equivalent) while Barclays charges 0.2% (minimum £48).

Does Barclays or Saxo Markets offer a wider range of investment options?

Saxo Markets offers a more diverse selection of investment options than Barclays. Saxo Markets offers investors access to ETFs, Funds, ISA, SIPP, Share Trading and Bonds - Government (Gilts). Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Is Barclays or Saxo Markets better for research?

Research helps traders analyze potential investments, examine market sentiment, and learn about companies on a high-level. Our testing concluded that Barclays is better for research than Saxo Markets. Barclays offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better: Barclays or Saxo Markets?

To compare the trading platforms of both Barclays and Saxo Markets, we tested each broker's trading tools. Overall, Saxo Markets offers a better experience. Looking at charting, Barclays and Saxo Markets offer the same number of charting tools, 17. Barclays boasts an offering of 67 different indicators (for example, moving averages) compared to Saxo Markets's 49 available indicators.

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