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Saxo Markets vs DEGIRO 2020

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Is DEGIRO better than Saxo Markets? After ranking 12 UK brokerages who all offer share dealing in our 2019 review, Saxo Markets is better than DEGIRO. 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 across 36 international exchanges. While Saxo Markets trails discount competitors in pricing, overall, it is our top broker for share dealing in 2019.

Overall Rating

Feature Saxo Markets DEGIRO
Overall 5 3.5
Saxo Markets Review DEGIRO Review

Trading Fees

Feature Saxo Markets DEGIRO
Share Trading: 0-9 Deals/ Month
0.10% (£8 min) £ 1.75 + 0.022%
Share Trading: 10-19 Deals/ Month
0.10% (£8 min) £ 1.75 + 0.022% (Maximum £ 5.00)
Share Trading: 20+ Deals/ Month
0.10% (£8 min) £ 1.75 + 0.022% (Maximum £ 5.00)
Annual Custody Fee: £0 - £250,000*
0.12% (min. €120 or £ equivalent) 0%
Bonds - Government (Gilts) - Fee
0.20% (min. £72) € 2.00 + 0.068%
ETFs - Fee
0.10% (£8 min) €2 + 0.038%
Investment Trusts - Fee
0.10% (£8 min) € 7.50 + 0.10% +.2% annually
Telephone Dealing Fee*
£50.00 € 10.00 + 0.10% per order
Commissions & Fees 3.5 5
Winner check_circle

Platforms & Tools

Feature Saxo Markets DEGIRO
Desktop Platform (Windows)
Yes No
Web Platform
Yes Yes
iPhone App
Yes Yes
Android App
Yes Yes
Stock Alerts
Yes No
Charting - Indicators / Studies
49 23
Charting - Drawing Tools
17 0
Charting - Notes
Yes No
Charting - Display Corporate Events
No Yes
Charting - Stock Overlays
Yes No
Platform & Tools 5 3
Winner check_circle

Research

Feature Saxo Markets DEGIRO
Research - Shares
Yes Yes
Research - CFDs
Yes No
Research - Funds
Yes Yes
Fund Research - Research Reports
No No
Research - ETFs
Yes No
Research - Bonds
Yes No
Portfolio Allocation Breakdown
Yes No
Research 4.5 1
Winner check_circle

Investments

Feature Saxo Markets DEGIRO
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 No
Offering of Investments 4.5 3.5
Winner check_circle

Education

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

Overall

Feature Saxo Markets DEGIRO
Saxo Markets Review DEGIRO Review
Overall 5 3.5
Winner check_circle
To find a right broker for share dealing, we spent seven months and hundreds of hours of assessing 12 different share dealing brokers based in the UK. Here, we will focus on two brokers and compare DEGIRO vs Saxo Markets.

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.

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