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Saxo Markets vs Barclays 2022

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is Saxo Markets better than Barclays? After scoring the best share dealing accounts across 46 different variables, Fineco Bank is better than Saxo Markets. For the price-conscious trader, FinecoBank is a solid share dealing option with a broad range of investment options; but educational materials and research reports are lacking.

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Overall RatingSaxo MarketsBarclaysFineco Bank
Overall Rating4.5 Stars4 Stars4.5 Stars
Commissions & Fees3 Stars3.5 Stars5 Stars
Offering of Investments5 Stars4 Stars4 Stars
Mobile Trading5 Stars4 Stars4 Stars
Platforms & Tools5 Stars4 Stars3.5 Stars
Research4.5 Stars4.5 Stars3.5 Stars
Ease of Use4.5 StarsN/A3.5 Stars
Education4 Stars4.5 Stars3.5 Stars
ReviewSaxo Markets ReviewFineco Bank Review
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InvestmentsSaxo MarketsBarclaysFineco Bank
ISAYesYesYes
SIPPYesYesNo
Share TradingYesYesYes
CFD TradingYesNoYes
FundsYesYesYes
ETFsYesYesYes
Bonds - CorporateYesYesYes
Bonds - Government (Gilts)YesYesYes
Investment TrustsYesYesNo
Spread BettingNoNoNo
Crypto TradingNoNoNo
Advisor ServicesNoYesNo
Trading FeesSaxo MarketsBarclaysFineco Bank
Minimum Deposit£500.0£0.0£0.0
Share Trading: 0-9 Deals/ Month0.10% (£8 min)£6£2.95
Share Trading: 10-19 Deals/ Month0.10% (£8 min)£6£2.95
Share Trading: 20+ Deals/ Month0.10% (£8 min)£6£2.95
5 trades per year (£30k portfolio)£142£60£75
12 trades per year (£30k portfolio)£198£102£35.4
36 trades per year (£30k portfolio)£390£246£106.2
120 trades per year (£30k portfolio)£1062£750£354
3 fund trades per year (£30k portfolio)£126£59£14.75
Annual Custody Fee: £0 - £250,0000.12% (min. €120 or £ equivalent)0.2% (minimum £48)0.25%
Annual Custody Fee: £250K-£500K0.12% (min. €120 or £ equivalent)0.2%0.15%
Annual Custody Fee: £500,000 - £1m0.12% (min. €120 or £ equivalent)0.2%0.15%
Annual Custody Fee: £1m and over0.12% (min. €120 or £ equivalent)0.2%0.05%
Bonds - Corporate - Fee0.20% (min. EUR20)£6£6.95
Bonds - Government (Gilts) - Fee0.20% (min. EUR20)£6£6.95
ETFs - Fee0.10% (£8 min)£6£2.95
Investment Trusts - Fee0.10% (£8 min)£3N/A
Telephone Dealing Fee£50£25N/A
Platforms & ToolsSaxo MarketsBarclaysFineco Bank
Web PlatformYesYesYes
iPhone AppYesYesYes
Android AppYesYesYes
Stock AlertsYesYesYes
Charting - Indicators / Studies626822
Charting - Drawing Tools20163
Charting - NotesYesYesNo
Charting - Display Corporate EventsNoNoYes
Charting - Stock OverlaysYesNoYes
Charting - Index OverlaysYesNoYes
ResearchSaxo MarketsBarclaysFineco Bank
Research - SharesYesYesYes
Research - CFDsYesNoNo
Research - FundsYesYesYes
Fund Research - Research ReportsNoYesNo
Research - ETFsYesYesYes
Research - BondsYesYesYes
Portfolio Allocation BreakdownYesYesYes
EducationSaxo MarketsBarclaysFineco Bank
Has Education - Share TradingYesYesNo
Has Education - FundsNoYesNo
Has Education - RetirementNoYesNo
Client WebinarsYesYesYes
Client Webinars (Archived)YesYesYes
Overall SummarySaxo MarketsBarclaysFineco Bank
Overall Rating4.5 Stars4 Stars4.5 Stars
Commissions & Fees3 Stars3.5 Stars5 Stars
Offering of Investments5 Stars4 Stars4 Stars
Mobile Trading5 Stars4 Stars4 Stars
Platforms & Tools5 Stars4 Stars3.5 Stars
Research4.5 Stars4.5 Stars3.5 Stars
Ease of Use4.5 StarsN/A3.5 Stars
Education4 Stars4.5 Stars3.5 Stars
ReviewSaxo Markets ReviewFineco Bank Review
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  • check_box_outline_blankcheck_boxAJ Bell
  • check_box_outline_blankcheck_boxBarclays
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxDEGIRO
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFineco Bank
  • check_box_outline_blankcheck_boxFreetrade
  • check_box_outline_blankcheck_boxHalifax
  • check_box_outline_blankcheck_boxHargreaves Lansdown
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxInteractive Investor
  • check_box_outline_blankcheck_boxLloyds Bank
  • check_box_outline_blankcheck_boxSaxo Markets
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Saxo Markets vs Barclays Comparison

For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Saxo Markets vs Barclays.

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, Fineco Bank offers better pricing than Saxo Markets 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 Markets would cost £142 per year, while Barclays would cost £60 per year.

12 trades per year - Saxo Markets would cost £198 per year, while Barclays would cost £102 per year.

36 trades per year - Saxo Markets would cost £390 per year, while Barclays would cost £246 per year.

120 trades per year - Saxo Markets would cost £1062 per year, while Barclays would cost £750 per year.

3 fund trades per year - Saxo Markets would cost £126 per year, while Barclays would cost £59 per year.

Which broker offers a wider range of investment options?

Saxo Markets 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.

Which broker offers better research?

Our testing concluded that Saxo Markets is better for research than Fineco Bank. Saxo Markets offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better?

To compare the trading platforms of both Saxo Markets and Barclays, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, Saxo Markets offers a better share dealing platform and Saxo Markets offers a better stock app for mobile trading.

Overall winner: Fineco Bank

Read Next: Best UK Trading Platforms 2022


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