UK.StockBrokers.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

Saxo Markets vs CMC Invest 2023

StockBrokers.com

Written by StockBrokers.com

August 03, 2023

Is Saxo Markets better than CMC Invest? After scoring the best share dealing accounts across 46 different variables, our analysis finds that Saxo Markets is better than CMC Invest. Saxo Markets’ 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.

Select Brokers

×
  • check_box_outline_blankcheck_boxAJ Bell
  • check_box_outline_blankcheck_boxBarclays
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCMC Invest
  • check_box_outline_blankcheck_boxDEGIRO
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFineco Bank
  • check_box_outline_blankcheck_boxFreetrade
  • check_box_outline_blankcheck_boxHalifax
  • check_box_outline_blankcheck_boxHargreaves Lansdown
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxInteractive Investor
  • check_box_outline_blankcheck_boxLloyds Bank
  • check_box_outline_blankcheck_boxSaxo Markets
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxXTB

Compare

0 of 5
Broker Screenshots Saxo Markets CMC Invest
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Overall Rating Saxo Markets CMC Invest
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 3.5/5 Stars 5/5 Stars
Investment Choices 5/5 Stars 3.5/5 Stars
Mobile App 5/5 Stars 4.5/5 Stars
Website 4.5/5 Stars 2.5/5 Stars
Ease of Use 3.5/5 Stars 4.5/5 Stars
Education 5/5 Stars 3.5/5 Stars
Review Saxo Markets Review CMC Invest Review
Winner check_circle
Investments Saxo Markets CMC Invest
ISA info Yes Yes
SIPP info Yes No
Share Trading info Yes Yes
CFD Trading info Yes No
Funds info Yes No
ETFs info Yes Yes
Bonds - Corporate info Yes No
Bonds - Government (Gilts) info Yes No
Investment Trusts info Yes Yes
Spread Betting info No No
Crypto Trading info No No
Advisor Services info No No
Trading Fees Saxo Markets CMC Invest
Minimum Deposit info £0.0 £0.0
Share Trading: 0-9 Deals/ Month info 0.10% (£8 min) 0
Share Trading: 10-19 Deals/ Month info 0.10% (£8 min) 0
Share Trading: 20+ Deals/ Month info 0.10% (£8 min) 0
5 trades per year (£30k portfolio) info 0.12% (minimum £120) £0
12 trades per year (£30k portfolio) info 0.12% (minimum £120) £0
36 trades per year (£30k portfolio) info 0.12% (minimum £120) £0
120 trades per year (£30k portfolio) info 0.12% (minimum £120) £0
3 fund trades per year (£30k portfolio) info 0.12% (minimum £120) N/A
Annual Custody Fee: £0 - £250,000 info 0.4% p.a. up to £200k; 0.2% p.a. after £200k 0 info
Annual Custody Fee: £250K-£500K info 0.2% p.a. 0 info
Annual Custody Fee: £500,000 - £1m info 0.2% p.a. 0 info
Annual Custody Fee: £1m and over info 0.1% p.a. 0 info
Bonds - Corporate - Fee info 0.20% N/A
Bonds - Government (Gilts) - Fee info 0.20% N/A
ETFs - Fee info 0
Investment Trusts - Fee info £8 0
Telephone Dealing Fee info £50 0
Platforms & Tools Saxo Markets CMC Invest
Web Platform info Yes No
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 64 0
Charting - Drawing Tools info 20 0
Charting - Notes info Yes No
Charting - Display Corporate Events info No No
Charting - Stock Overlays info Yes No
Charting - Index Overlays info Yes No
Research Saxo Markets CMC Invest
Research - Shares info Yes Yes
Research - CFDs info Yes No
Research - Funds info No No
Fund Research - Research Reports info No No
Research - ETFs info Yes No
Research - Bonds info Yes No
Portfolio Allocation Breakdown info Yes No
Education Saxo Markets CMC Invest
Education (Share Trading) info No No
Education (Funds) info No No
Education (Retirement) info No No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Overall Summary Saxo Markets CMC Invest
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 3.5/5 Stars 5/5 Stars
Investment Choices 5/5 Stars 3.5/5 Stars
Mobile App 5/5 Stars 4.5/5 Stars
Website 4.5/5 Stars 2.5/5 Stars
Research [DELETED] N/A N/A
Ease of Use 3.5/5 Stars 4.5/5 Stars
Education 5/5 Stars 3.5/5 Stars
Review Saxo Markets Review CMC Invest Review
Winner check_circle
arrow_upward

Comparing online share dealing platforms side by side is no small task. For our 2023 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 CMC Invest.

Saxo Markets vs CMC Invest Comparison

For our 2023 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Saxo Markets vs CMC Invest.

Is Saxo Markets a good broker?

Saxo Markets’ 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.

Is CMC Invest a good broker?

CMC Invest offers commission-free trading of U.K.-listed shares and U.S. equities via a mobile app only. Though a newer entrant to the U.K. share dealing market and currently somewhat limited, it’s powered by global contender CMC Markets, making it likely that its offerings will expand.

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, CMC Invest offers better pricing than Saxo Markets 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 0.12% (minimum £120) per year, while CMC Invest would cost £0 per year.

12 trades per year - Saxo Markets would cost 0.12% (minimum £120) per year, while CMC Invest would cost £0 per year.

36 trades per year - Saxo Markets would cost 0.12% (minimum £120) per year, while CMC Invest would cost £0 per year.

120 trades per year - Saxo Markets would cost 0.12% (minimum £120) per year, while CMC Invest would cost £0 per year.

3 fund trades per year - Saxo Markets would cost £0.0 per year, while CMC Invest would cost £0.0 per year.

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

Saxo Markets requires a minimum deposit of £0.0, while CMC Invest 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 0.4% p.a. up to £200k; 0.2% p.a. after £200k, while CMC Invest charges annual custody fees of 0.

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 CMC Invest offers investors access to ISA, Share Trading, ETFs and Investment Trusts. Neither have Spread Betting, Crypto Trading and Advisor Services. 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 CMC Invest 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 Saxo Markets offers traders access to SIPP and ISA accounts, while CMC Invest offers traders access to ISA accounts.

Do Saxo Markets and CMC Invest 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 nor CMC Invest offer crypto investing.

Which broker offers a better website experience?

Our testing concluded that the website of Saxo Markets is better than the website of CMC Invest. Saxo Markets offers more functionality, is cleanly designed, and is, overall, easier to use for beginners and casual investors.

Which stock trading app is better?

To compare the trading platforms of both Saxo Markets and CMC Invest, we tested each broker's stock trading app. All features compared, our analysis finds that Saxo Markets offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.

Do Saxo Markets and CMC Invest 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 and Client Webinars (Archived), while CMC Invest offers access to none. Neither have Education (Share Trading), Education (Funds) and Education (Retirement).

Overall winner: Saxo Markets

Read Next: Best UK Trading Platforms 2023


close