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Saxo Markets vs DEGIRO 2020
Your capital is at risk.
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Overall Rating
| Feature | Saxo Markets | DEGIRO |
| Overall | ||
| Saxo Markets Review | DEGIRO Review |
Trading Fees
| Feature | Saxo Markets | DEGIRO |
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Share Trading: 0-9 Deals/ Month |
0.10% (£8 min) | £ 1.75 + 0.022% |
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Share Trading: 10-19 Deals/ Month |
0.10% (£8 min) | £ 1.75 + 0.022% (Maximum £ 5.00) |
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Share Trading: 20+ Deals/ Month |
0.10% (£8 min) | £ 1.75 + 0.022% (Maximum £ 5.00) |
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Annual Custody Fee: £0 - £250,000* |
0.12% (min. €120 or £ equivalent) | 0% |
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Bonds - Government (Gilts) - Fee |
0.20% (min. £72) | € 2.00 + 0.068% |
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ETFs - Fee |
0.10% (£8 min) | €2 + 0.038% |
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Investment Trusts - Fee |
0.10% (£8 min) | € 7.50 + 0.10% +.2% annually |
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Telephone Dealing Fee* |
£50.00 | € 10.00 + 0.10% per order |
| Commissions & Fees | ||
| Winner | check_circle |
Platforms & Tools
| Feature | Saxo Markets | DEGIRO |
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Desktop Platform (Windows) |
Yes | No |
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Web Platform |
Yes | Yes |
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iPhone App |
Yes | Yes |
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Android App |
Yes | Yes |
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Stock Alerts |
Yes | No |
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Charting - Indicators / Studies |
49 | 23 |
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Charting - Drawing Tools |
17 | 0 |
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Charting - Notes |
Yes | No |
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Charting - Display Corporate Events |
No | Yes |
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Charting - Stock Overlays |
Yes | No |
| Platform & Tools | ||
| Winner | check_circle |
Research
| Feature | Saxo Markets | DEGIRO |
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Research - Shares |
Yes | Yes |
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Research - CFDs |
Yes | No |
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Research - Funds |
Yes | Yes |
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Fund Research - Research Reports |
No | No |
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Research - ETFs |
Yes | No |
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Research - Bonds |
Yes | No |
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Portfolio Allocation Breakdown |
Yes | No |
| Research | ||
| Winner | check_circle |
Investments
| Feature | Saxo Markets | DEGIRO |
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Share Trading |
Yes | Yes |
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CFD Trading |
Yes | No |
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Funds |
Yes | Yes |
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ETFs |
Yes | Yes |
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Bonds - Corporate |
Yes | Yes |
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Bonds - Government (Gilts) |
Yes | Yes |
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Investment Trusts |
Yes | Yes |
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Spread Betting |
No | No |
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Advisor Services |
No | No |
| Offering of Investments | ||
| Winner | check_circle |
Education
| Feature | Saxo Markets | DEGIRO |
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Has Education - Share Trading |
Yes | Yes |
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Has Education - Funds |
No | No |
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Has Education - Retirement |
No | No |
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Client Webinars |
Yes | No |
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Client Webinars (Archived) |
Yes | No |
| Education |
Overall
| Feature | Saxo Markets | DEGIRO |
| Saxo Markets Review | DEGIRO Review | |
| Overall | ||
| Winner | check_circle |
Our comparison begins with the fees charged for dealing shares in the UK and being a client. The two main charges to focus on include the cost to place each trade alongside the monthly, quarterly, or annual management fee charged (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 5.00 stars over 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.
Scenario 1 - If you make 1 trade a month, or 12 per year, the fees with DEGIRO wold be £34.68 and the fees with Saxo Markets would be £204.
Scenario 2 - 36 trades per year, or 3 trades per month. Saxo Markets charges £396 and DEGIRO charges £104.04.
Scenario 3 - 120 trades per year, or 10 trades per month. DEGIRO charges £346.8 and Saxo Markets charges £1068.
Scenario 4 - If you make 20 trades a month, or 240 per year, the fees with DEGIRO wold be £693.6 and the fees with Saxo Markets would be £2028.
Account charges aside, we can now compare features and tools investors want in their share dealing accounts. Access to the investments is important, and Saxo Markets offers clients ISA and SIPP while DEGIRO offers none of these. Also, some investors require a high-quality charting experience, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. Saxo Markets offers its clients access to 17 charting tools while DEGIRO has 0 charting tools, a difference of 17. Saxo Markets boasts an offering of 49 different indicators (for example, moving averages) compared to DEGIRO's 23 available indicators. Saxo Markets offers basic stock alerts while DEGIRO does not. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Neither DEGIRO and Saxo Markets offer fund research reports.
Overall, between DEGIRO and Saxo Markets, Saxo Markets is the winner.
DEGIRO 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.
