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Saxo Markets vs Barclays 2020

Your capital is at risk.
Is Barclays better than Saxo Markets? After scoring UK share dealing accounts on over 40 different variables, Saxo Markets is better than Barclays. Saxo Markets offers UK residents an excellent share dealing experience by combining the brilliant SaxoTraderGO web platform with over 30,000 international products to trade. While Saxo Markets trails discount competitors in pricing, overall, it is our top broker for share dealing in 2020.

Overall Rating

Feature Saxo Markets Barclays
Overall 5 4
Saxo Markets Review Barclays Review

Trading Fees

Feature Saxo Markets Barclays
Share Trading: 0-9 Deals/ Month
0.10% (£8 min) £6.00
Share Trading: 10-19 Deals/ Month
0.10% (£8 min) £6.00
Share Trading: 20+ Deals/ Month
0.10% (£8 min) £6.00
Annual Custody Fee: £0 - £250,000*
0.12% (min. €120 or £ equivalent) 0.2% (minimum £48)
Bonds - Government (Gilts) - Fee
0.20% (min. £72) £6.00
ETFs - Fee
0.10% (£8 min) £6.00
Investment Trusts - Fee
0.10% (£8 min) £3.00
Telephone Dealing Fee*
£50.00 £25.00
Commissions & Fees 3.5 4
Winner check_circle

Platforms & Tools

Feature Saxo Markets Barclays
Desktop Platform (Windows)
Yes No
Web Platform
Yes Yes
iPhone App
Yes No
Android App
Yes No
Stock Alerts
Yes Yes
Charting - Indicators / Studies
49 67
Charting - Drawing Tools
17 17
Charting - Notes
Yes No
Charting - Display Corporate Events
No No
Charting - Stock Overlays
Yes No
Platform & Tools 5 3.5
Winner check_circle

Research

Feature Saxo Markets Barclays
Research - Shares
Yes Yes
Research - CFDs
Yes No
Research - Funds
Yes Yes
Fund Research - Research Reports
No Yes
Research - ETFs
Yes Yes
Research - Bonds
Yes Yes
Portfolio Allocation Breakdown
Yes Yes
Research 4.5 4.5
Winner check_circle

Investments

Feature Saxo Markets Barclays
Share Trading
Yes Yes
CFD Trading
Yes No
Funds
Yes Yes
ETFs
Yes Yes
Bonds - Corporate
Yes Yes
Bonds - Government (Gilts)
Yes Yes
Investment Trusts
Yes Yes
Spread Betting
No No
Advisor Services
No Yes
Offering of Investments 4.5 3.5
Winner check_circle

Education

Feature Saxo Markets Barclays
Has Education - Share Trading
Yes Yes
Has Education - Funds
No Yes
Has Education - Retirement
No Yes
Client Webinars
Yes No
Client Webinars (Archived)
Yes Yes
Education 3.5 4.5

Overall

Feature Saxo Markets Barclays
Saxo Markets Review Barclays Review
Overall 5 4
Winner check_circle

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.

Barclays Review
Saxo Markets Review


All pricing data was obtained from a published web site as of 01/15/2020 and is believed to be accurate, but is not guaranteed. The UK.StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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