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Saxo Markets vs Barclays 2023

StockBrokers.com

Written by StockBrokers.com

August 03, 2023

Is Saxo Markets better than Barclays? After scoring the best share dealing accounts across 46 different variables, our analysis finds that Saxo Markets is better than Barclays. Saxo Markets offers a well-functioning platform with an array of investment opportunities featuring over 30,000 international products to trade across 40 global exchanges. The one downside is pricing, which is high.

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Compare

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Overall Rating Saxo Markets Barclays
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 3/5 Stars 3.5/5 Stars
Offering of Investments 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Research 4.5/5 Stars 4.5/5 Stars
Ease of Use 4.5/5 Stars N/A
Education 4/5 Stars 4.5/5 Stars
Review Saxo Markets Review
Winner check_circle
Investments Saxo Markets 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 Markets Barclays
Minimum Deposit info £500.0 £0.0
Share Trading: 0-9 Deals/ Month info 0.10% (£8 min) £6
Share Trading: 10-19 Deals/ Month info 0.10% (£8 min) £6
Share Trading: 20+ Deals/ Month info 0.10% (£8 min) £6
5 trades per year (£30k portfolio) info £142 £60
12 trades per year (£30k portfolio) info £198 £102
36 trades per year (£30k portfolio) info £390 £246
120 trades per year (£30k portfolio) info £1062 £750
3 fund trades per year (£30k portfolio) info £126 £59
Annual Custody Fee: £0 - £250,000 info 0.12% (min. €120 or £ equivalent) 0.2% (minimum £48)
Annual Custody Fee: £250K-£500K info 0.12% (min. €120 or £ equivalent) 0.2%
Annual Custody Fee: £500,000 - £1m info 0.12% (min. €120 or £ equivalent) 0.2%
Annual Custody Fee: £1m and over info 0.12% (min. €120 or £ equivalent) 0.2%
Bonds - Corporate - Fee info 0.20% (min. EUR20) £6
Bonds - Government (Gilts) - Fee info 0.20% (min. EUR20) £6
ETFs - Fee info 0.10% (£8 min) £6
Investment Trusts - Fee info 0.10% (£8 min) £3
Telephone Dealing Fee info £50 £25
Platforms & Tools Saxo Markets 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 62 68
Charting - Drawing Tools info 20 16
Charting - Notes info Yes Yes
Charting - Display Corporate Events info No No
Charting - Stock Overlays info Yes No
Charting - Index Overlays info Yes No
Research Saxo Markets Barclays
Research - Shares info Yes Yes
Research - CFDs info Yes No
Research - Funds info Yes Yes
Fund Research - Research Reports info No Yes
Research - ETFs info Yes Yes
Research - Bonds info Yes Yes
Portfolio Allocation Breakdown info Yes Yes
Education Saxo Markets Barclays
Education (Share Trading) info Yes Yes
Education (Funds) info No Yes
Education (Retirement) info No Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Overall Summary Saxo Markets Barclays
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 3/5 Stars 3.5/5 Stars
Offering of Investments 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Research 4.5/5 Stars 4.5/5 Stars
Ease of Use 4.5/5 Stars N/A
Education 4/5 Stars 4.5/5 Stars
Review Saxo Markets Review
Winner check_circle
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Comparing online share dealing platforms side by side is no small task. For our 2022 review of U.K. brokers, nearly 600 data points were collected over a 10-week period and used to score each broker. Let’s compare Saxo Markets and Barclays.

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.

Is Saxo Markets a good broker?

Saxo Markets offers a well-functioning platform with an array of investment opportunities featuring over 30,000 international products to trade across 40 global exchanges. The one downside is pricing, which is high.

Is Barclays a good broker?

Barclays Smart Investor offers average share dealing commissions (£6 per trade) alongside a good selection of research tools and education. However, there is no dedicated mobile app for share dealing, and the trading tools offered are just average.

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, Saxo Markets offers better pricing than Barclays 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 £500.0 per year, while Barclays would cost £0.0 per year.

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

Saxo Markets requires a minimum deposit of £500.0, while Barclays requires a minimum deposit of £0.0. From our testing we found for accounts between £0 - £250,000 Saxo Markets charges annual custody fees of 0.12% (min. €120 or £ equivalent), while Barclays charges annual custody fees of 0.2% (minimum £48).

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.

Do Saxo Markets 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 Markets and Barclays offer SIPP and ISA accounts.

Do Saxo Markets 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 Markets and Barclays offer crypto investing.

Which broker offers better research?

Our testing concluded that Saxo Markets is better for research than Barclays. 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, our analysis finds that Saxo Markets offers a better share dealing platform and Saxo Markets offers a better stock app for mobile trading.

Do Saxo Markets 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 Markets offers traders access to Client Webinars, Client Webinars (Archived) and Education (Share Trading), while Barclays offers access to Client Webinars, Client Webinars (Archived), Education (Share Trading), Education (Funds) and Education (Retirement).

Overall winner: Saxo Markets

Read Next: Best UK Trading Platforms 2022


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