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Saxo Markets vs DEGIRO 2022

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is Saxo Markets better than DEGIRO? After scoring the best share dealing accounts across 46 different variables, Interactive Brokers is better than Saxo Markets. Professional traders are brilliantly serviced with the tools and capabilities of Interactive Brokers. Less-experienced traders benefit from the low commissions and excellent research available in the web-based Client Portal platform.

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Overall RatingSaxo MarketsDEGIROInteractive Brokers
Overall Rating4.5 Stars4 Stars4.5 Stars
Commissions & Fees3 Stars5 Stars4.5 Stars
Offering of Investments5 Stars3.5 Stars4.5 Stars
Mobile Trading5 Stars3.5 Stars4.5 Stars
Platforms & Tools5 Stars3 Stars4.5 Stars
Research4.5 Stars2.5 Stars5 Stars
Ease of Use4.5 Stars3.5 Stars4 Stars
Education4 Stars3 Stars3.5 Stars
ReviewSaxo Markets ReviewDEGIRO ReviewInteractive Brokers Review
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InvestmentsSaxo MarketsDEGIROInteractive Brokers
ISAYesNoYes
SIPPYesNoYes
Share TradingYesYesYes
CFD TradingYesNoYes
FundsYesYesYes
ETFsYesYesYes
Bonds - CorporateYesYesYes
Bonds - Government (Gilts)YesYesYes
Investment TrustsYesYesYes
Spread BettingNoNoYes
Crypto TradingNoNoYes
Advisor ServicesNoNoNo
Trading FeesSaxo MarketsDEGIROInteractive Brokers
Minimum Deposit£500.0£0.0£0.0
Share Trading: 0-9 Deals/ Month0.10% (£8 min)£1.75 + £1 handling fee£3
Share Trading: 10-19 Deals/ Month0.10% (£8 min)£1.75 + £1 handling fee£3
Share Trading: 20+ Deals/ Month0.10% (£8 min)£1.75 + £1 handling fee£3
5 trades per year (£30k portfolio)£142£13.75£15
12 trades per year (£30k portfolio)£198£33£36
36 trades per year (£30k portfolio)£390£99£108
120 trades per year (£30k portfolio)£1062£330£360
3 fund trades per year (£30k portfolio)£126£67.5£24.75
Annual Custody Fee: £0 - £250,0000.12% (min. €120 or £ equivalent)0.20%0%
Annual Custody Fee: £250K-£500K0.12% (min. €120 or £ equivalent)0.20%0%
Annual Custody Fee: £500,000 - £1m0.12% (min. €120 or £ equivalent)0.20%0%
Annual Custody Fee: £1m and over0.12% (min. €120 or £ equivalent)0.20%0%
Bonds - Corporate - Fee0.20% (min. EUR20)€ 2.00 + €1 handling fee0.1% (for <10,000 EUR) 0.025% (for >10,000 EUR)
Bonds - Government (Gilts) - Fee0.20% (min. EUR20)€ 2.00 + 0.06% (most of EU), € 5.00 + 0.05% (Germany)0.1% (2 euro min)
ETFs - Fee0.10% (£8 min)€2 + 0.03% £3
Investment Trusts - Fee0.10% (£8 min)€ 2.00 + €1 handling fee£4.95
Telephone Dealing Fee£50£8.50 surcharge £1.75 + £1 handling fee30 USD
Platforms & ToolsSaxo MarketsDEGIROInteractive Brokers
Web PlatformYesYesYes
iPhone AppYesYesYes
Android AppYesYesYes
Stock AlertsYesNoYes
Charting - Indicators / Studies621398
Charting - Drawing Tools20984
Charting - NotesYesYesYes
Charting - Display Corporate EventsNoYesYes
Charting - Stock OverlaysYesYesYes
Charting - Index OverlaysYesYesYes
ResearchSaxo MarketsDEGIROInteractive Brokers
Research - SharesYesYesYes
Research - CFDsYesNoYes
Research - FundsYesYesYes
Fund Research - Research ReportsNoNoNo
Research - ETFsYesNoYes
Research - BondsYesNoYes
Portfolio Allocation BreakdownYesNoYes
EducationSaxo MarketsDEGIROInteractive Brokers
Has Education - Share TradingYesYesYes
Has Education - FundsNoNoNo
Has Education - RetirementNoNoYes
Client WebinarsYesNoYes
Client Webinars (Archived)YesNoYes
Overall SummarySaxo MarketsDEGIROInteractive Brokers
Overall Rating4.5 Stars4 Stars4.5 Stars
Commissions & Fees3 Stars5 Stars4.5 Stars
Offering of Investments5 Stars3.5 Stars4.5 Stars
Mobile Trading5 Stars3.5 Stars4.5 Stars
Platforms & Tools5 Stars3 Stars4.5 Stars
Research4.5 Stars2.5 Stars5 Stars
Ease of Use4.5 Stars3.5 Stars4 Stars
Education4 Stars3 Stars3.5 Stars
ReviewSaxo Markets ReviewDEGIRO ReviewInteractive Brokers Review
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  • check_box_outline_blankcheck_boxBarclays
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxDEGIRO
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFineco Bank
  • check_box_outline_blankcheck_boxFreetrade
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  • 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
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Saxo Markets vs DEGIRO Comparison

For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Saxo Markets vs DEGIRO.

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, DEGIRO offers better pricing than Interactive Brokers 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 £142 per year, while DEGIRO would cost £13.75 per year.

12 trades per year - Saxo Markets would cost £198 per year, while DEGIRO would cost £33 per year.

36 trades per year - Saxo Markets would cost £390 per year, while DEGIRO would cost £99 per year.

120 trades per year - Saxo Markets would cost £1062 per year, while DEGIRO would cost £330 per year.

3 fund trades per year - Saxo Markets would cost £126 per year, while DEGIRO would cost £67.5 per year.

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 DEGIRO offers investors access to Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) 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.

Which broker offers better research?

Our testing concluded that Interactive Brokers is better for research than Saxo Markets. Interactive Brokers offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better?

To compare the trading platforms of both Saxo Markets and DEGIRO, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, Saxo Markets offers a better share dealing platform and Saxo Markets offers a better stock app for mobile trading.

Overall winner: Interactive Brokers

Read Next: Best UK Trading Platforms 2022


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