Written by StockBrokers.com
In this head to head comparison of Saxo vs CMC Invest, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
Your capital is at risk.
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, CMC Invest offers better pricing than Saxo 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 would cost 0.12% + 0.08% (or £3) per trade: a minimum of £51 per year, while CMC Invest would cost £0 / £120 / £300 per year.
12 trades per year - Saxo would cost 0.12% + 0.08% (or £3) per trade: a minimum of £72 per year, while CMC Invest would cost £0 / £120 / £300 per year.
36 trades per year - Saxo would cost 0.12% + 0.08% (or £3) per trade: a minimum of £144 per year, while CMC Invest would cost £0 / £120 / £300 per year.
120 trades per year - Saxo would cost 0.12% + 0.08% (or £3) per trade: a minimum of £396 per year, while CMC Invest would cost £0 / £120 / £300 per year.
3 fund trades per year - Saxo would cost £0 per year, while CMC Invest would cost £0 per year.
What type of trader are you?
New to the world of investing? See our picks for the Best UK Trading Platforms for Beginners. More experienced traders should read our guide to the Best UK Trading Platforms for Active Traders.
When comparing Saxo and CMC Invest, both brokers offer a variety of investment options for UK investors. Saxo stands out with a comprehensive selection that includes share trading, ETFs, funds, corporate bonds, government bonds, and investment trusts. Their versatility has earned them a top rating of 5 stars and the first place ranking for investment choices according to UK.StockBrokers.com. In comparison, CMC Invest also supports share trading, ETFs, funds, and investment trusts, receiving a commendable 4.5 stars from the same rating agency, placing them 14th overall.
While both brokers provide compelling platforms for investors, Saxo sets itself apart by offering additional options like corporate and government bonds, which are not available through CMC Invest. This extensive range can cater to diverse trading strategies and goals, making Saxo an appealing choice for UK investors seeking flexibility and variety in their investment accounts.
| Feature |
Saxo
|
CMC Invest
|
|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | Yes | |
| ETFs | Yes | Yes |
| Funds | Yes | Yes |
| Bonds - Government (Gilts) | Yes | |
| Investment Trusts | Yes | Yes |
| Spread Betting | ||
| Crypto Trading | ||
| Advisor Services | ||
| Investment Choices |
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Low-cost US and UK shares.
Professional’s Gateway to the World’s Markets.
When comparing the trading tools of Saxo and CMC Invest, UK investors will notice distinct differences in their offerings. Saxo outshines CMC Invest in charting capabilities, providing features like the ability to display corporate events, a comprehensive set of 20 drawing tools, and 64 technical indicators. Additionally, Saxo users can enrich their charts by adding notes and overlaying indices or stocks—functionalities not available with CMC Invest. Both platforms offer real-time market data and the ability to create stock price alerts, ensuring you’re updated with timely information.
Saxo also offers the convenience of a browser-based trading platform, making it accessible across various devices. Meanwhile, CMC Invest falls short in providing these extensive charting features. Overall, Saxo appears to provide a more feature-rich environment for seasoned traders who value detailed technical analysis and customization in their trading tools.
| Feature |
Saxo
|
CMC Invest
|
|---|---|---|
| Web Platform | Yes | |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 64 | 0 |
| Charting - Drawing Tools | 20 | 0 |
| Charting - Notes | Yes | |
| Charting - Display Corporate Events | ||
| Charting - Stock Overlays | Yes | |
| Charting - Index Overlays | Yes |
For UK investors exploring online brokers for retirement savings, both Saxo and CMC Invest present solid choices by offering key retirement accounts. Each broker provides access to ISAs (Individual Savings Accounts) and SIPPs (Self-Invested Personal Pensions), allowing you to manage and grow your savings tax efficiently. Whether you're inclined towards ISAs for straightforward savings or looking into SIPPs for more hands-on retirement planning, both Saxo and CMC Invest accommodate these needs effectively, giving you ample flexibility in managing your financial future.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
For UK investors seeking user-friendly mobile trading options, both Saxo and CMC Invest provide apps for iPhone and Android users. Saxo's app stands out with a top rating of 5 stars and ranks first among 21 brokers, according to UK.StockBrokers.com, highlighting its superior functionality and user satisfaction. Meanwhile, CMC Invest also delivers a commendable mobile experience with a respectable 4.5-star rating, ranking 11th, offering a solid choice for those looking for a reliable trading app. Both platforms ensure accessibility for on-the-go trading, but Saxo holds a slight edge in terms of overall user approval.
Dive deeper: Best Stock Trading Apps UK.
For UK-based beginner investors seeking educational resources from online brokers, Saxo and CMC Invest present distinct offerings. Saxo stands out with its highly rated educational resources, earning 5 stars and ranking 3rd out of 21 brokers by UK.StockBrokers.com. Saxo provides clients with educational webinars, which are also available on demand, enhancing accessibility for learners. In comparison, CMC Invest focuses on share trading, funds, and retirement education but does not offer webinars. It earns a respectable 4-star rating and is ranked 15th in beginner education by UK.StockBrokers.com, making it a solid choice for those interested in these specific investment areas.
| Feature |
Saxo
|
CMC Invest
|
|---|---|---|
| Client Webinars | Yes | |
| Client Webinars (Archived) | Yes | |
| Education (Share Trading) | Yes | |
| Education (Funds) | Yes | |
| Education (Retirement) | Yes | |
| Education |
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Dive deeper: Best UK Trading Platforms for Beginners.
When comparing the market research features of online brokers Saxo and CMC Invest, UK investors will find similar offerings with some key differences. Both Saxo and CMC Invest provide research reports for funds, as well as shares, ETFs, and funds research, making them strong choices for comprehensive market analysis. However, Saxo provides added depth with the ability to see portfolio allocation by asset class and offers research on CFDs and bonds, areas where CMC Invest currently lacks these features. These additional insights from Saxo may appeal to investors seeking a more detailed understanding of their investments, particularly in CFDs and bonds.
| Feature |
Saxo
|
CMC Invest
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - CFDs | Yes | |
| Research - ETFs | Yes | Yes |
| Research - Bonds | Yes | |
| Research - Funds | Yes | Yes |
| Fund Research - Research Reports | Yes | Yes |
| Portfolio Allocation Breakdown | Yes |
Which broker is better overall, Saxo or CMC Invest? After collecting more than 900 data points over a 10-week period, we found Saxo to be a better trading platform overall.
Saxo’ trading platform is highly sophisticated and offers a huge range of international shares and funds. The biggest downside is the cost, as its charges are higher than its U.K. competitors. It's best suited for experienced investors rather than beginners.
| Feature |
Saxo
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CMC Invest
|
|---|---|---|
| Overall Rating |
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| Charges & Fees |
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| Investment Choices |
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| Mobile App |
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| Website |
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| Ease of Use |
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| Education |
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Both Saxo and CMC Invest provide online brokerage services, but if you're specifically interested in cryptocurrency trading, Saxo does offer crypto trading options, whereas CMC Invest does not.
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0 of 5| Overall Rating | Saxo | CMC Invest | |
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| Review | Saxo Review | CMC Invest Review | |
| Winner | check_circle |
| Investments | Saxo | CMC Invest | |
|---|---|---|---|
| ISA | Yes | Yes | |
| SIPP | Yes | Yes | |
| Share Trading | Yes | Yes | |
| CFD Trading | Yes | ||
| Funds | Yes | Yes | |
| ETFs | Yes | Yes | |
| Bonds - Corporate | Yes | ||
| Bonds - Government (Gilts) | Yes | ||
| Investment Trusts | Yes | Yes | |
| Spread Betting | |||
| Crypto Trading | |||
| Advisor Services |
| Trading Fees | Saxo | CMC Invest | |
|---|---|---|---|
| Minimum Deposit | £0 | £0 | |
| Share Trading: 0-9 Deals/ Month | From £3 or 0.08% | £0 | |
| Share Trading: 10-19 Deals/ Month | From £3 or 0.08% | £0 | |
| Share Trading: 20+ Deals/ Month | From £3 or 0.08% | £0 | |
| 5 trades per year (£30k portfolio) | 0.12% + 0.08% (or £3) per trade: a minimum of £51 | £0 / £120 / £300 | |
| 12 trades per year (£30k portfolio) | 0.12% + 0.08% (or £3) per trade: a minimum of £72 | £0 / £120 / £300 | |
| 36 trades per year (£30k portfolio) | 0.12% + 0.08% (or £3) per trade: a minimum of £144 | £0 / £120 / £300 | |
| 120 trades per year (£30k portfolio) | 0.12% + 0.08% (or £3) per trade: a minimum of £396 | £0 / £120 / £300 | |
| 3 fund trades per year (£30k portfolio) | 0.4% + 0% commission: £120 | £120 | |
| Annual Custody Fee: £0 - £250,000 | Up to £800 | £120 | |
| Annual Custody Fee: £250K-£500K | £500 to £1,000 | £120 | |
| Annual Custody Fee: £500,000 - £1m | Up to £1,998 | £120 | |
| Annual Custody Fee: £1m and over | £1,000 | £120 | |
| Bonds - Corporate - Fee | €20 minimum | N/A | |
| Bonds - Government (Gilts) - Fee | €20 minimum | N/A | |
| ETFs - Fee | From $1 | £0 | |
| Investment Trusts - Fee | From $1 / £3 / €10 | £0 | |
| Telephone Dealing Fee | £50 | £0 |
| Broker Screenshots | Saxo | CMC Invest | |
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| Website Gallery (click to expand) |
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| Mobile Trading Apps Gallery (click to expand) |
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| Education Gallery (click to expand) |
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| Platforms & Tools | Saxo | CMC Invest | |
|---|---|---|---|
| Web Platform | Yes | ||
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 64 | 0 | |
| Charting - Drawing Tools | 20 | 0 | |
| Charting - Notes | Yes | ||
| Charting - Display Corporate Events | |||
| Charting - Stock Overlays | Yes | ||
| Charting - Index Overlays | Yes |
| Research | Saxo | CMC Invest | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | Yes | ||
| Research - Funds | Yes | Yes | |
| Fund Research - Research Reports | Yes | Yes | |
| Research - ETFs | Yes | Yes | |
| Research - Bonds | Yes | ||
| Portfolio Allocation Breakdown | Yes |
| Education | Saxo | CMC Invest | |
|---|---|---|---|
| Education (Share Trading) | Yes | ||
| Education (Funds) | Yes | ||
| Education (Retirement) | Yes | ||
| Client Webinars | Yes | ||
| Client Webinars (Archived) | Yes |
| Overall Summary | Saxo | CMC Invest | |
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| Review | Saxo Review | CMC Invest Review | |
| Winner | check_circle |
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