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 DEGIRO 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. DEGIRO received a rating of 4.50 stars over Saxo Capital Markets's 3.50 stars.
Cost aside, we can now compare popular features and tools investors prefer. Access to the investments you want is important, and Saxo Capital Markets supports ISA and SIPP while DEGIRO supports none of these. 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 boasts an offering of 17 charting tools compared to DEGIRO's 0 available charting tools. Saxo Capital Markets offers its clients access to 48 different indicators (for example, volume) while DEGIRO has 23 available indicators, a difference of 25. Saxo Capital Markets makes basic stock alerts available to clients, while DEGIRO does not. Finally, for researching funds while share dealing, having access to mutual fund research reports is also helpful. Neither DEGIRO and Saxo Capital Markets offer fund research reports.
Overall, Saxo Capital Markets boasts 4.50 stars versus DEGIRO's 3.50 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 DEGIRO found itself with none of these.