After seven months and hundreds of hours of researching ten different share dealing brokers
, the UK.StockBrokers.com team collected thousands of data points. To focus on two brokers, we will now compare Barclays vs Saxo Capital Markets.
First, we will compare the fees charged for dealing in the UK. There are two primary fees: the cost to place each trade and the monthly, quarterly, or annual management fee charged which varies depending on the type and size of your portfolio. We researched both to provide a single star rating for cost. Both Barclays and Saxo Capital Markets hold a 3.50 star rating.
Cost aside, we can now compare popular features and tools investors prefer. Access to the investments you want is important, and Saxo Capital Markets provides its clients with ISA and SIPP while Barclays provides clients access to ISA, SIPP, SIPP - Junior and Spread Betting. Next, some traders desire robust charting, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. Saxo Capital Markets offers its clients access to 17 charting tools while Barclays has 14 charting tools, a difference of 3. Barclays boasts an offering of 152 different indicators (for example, moving averages) compared to Saxo Capital Markets's 48 available indicators. Barclays and Saxo Capital Markets both offer basic stock alerts. Finally, for researching funds while share dealing, having access to mutual fund research reports is also helpful. Barclays nor Saxo Capital Markets offers fund research reports.
Overall, Saxo Capital Markets boasts 4.50 stars versus Barclays's 4.00 stars. And, when it comes to individual category awards, Saxo Capital Markets posted awards Best in Class - Platforms & Tools and Best in Class - Mobile Trading in 2017, while Barclays found itself with Best in Class - Offering of Investments, Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Education.