Our UK.StockBrokers.com team spent seven months and hundreds of hours assessing ten different share dealing accounts
for buying shares online in the UK. In total, 124 individual variables were assessed. For this review, we will compare Barclays vs Saxo Capital 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. Both Barclays and Saxo Capital Markets share a rating of 3.50 stars.
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 Capital Markets provides its clients with ISA and SIPP while Barclays provides clients access to ISA, SIPP, SIPP - Junior and Spread Betting. Looking at charting, the number of drawing tools and total technical indicators made available are important as well as stock alerts. Saxo Capital Markets boasts an offering of 17 charting tools compared to Barclays's 14 available charting tools. Saxo Capital Markets trails Barclays by 104 total different indicators (for example, moving averages), with Barclays offering 152 and Saxo Capital Markets offering 48. Barclays and Saxo Capital Markets both offer basic stock alerts. Finally, for conducting research while share dealing, having access to mutual fund research reports is also helpful. Neither Barclays and Saxo Capital Markets offer fund research reports.
Overall, both Barclays and Saxo Capital Markets hold a 4.50 star rating. And, when it comes to individual category awards, Barclays finished with awards Best in Class - Offering of Investments, Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Education in 2017, while Saxo Capital Markets came up with none of these.