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Saxo Markets vs DEGIRO 2020

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Is DEGIRO better than Saxo Markets? After scoring UK share dealing accounts on over 40 different variables, 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. While Saxo Markets trails discount competitors in pricing, overall, it is our top broker for share dealing in 2020.

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 + 0.014%
Share Trading: 10-19 Deals/ Month
0.10% (£8 min) £ 1.75 + 0.014% (Maximum £ 5.00)
Share Trading: 20+ Deals/ Month
0.10% (£8 min) £ 1.75 + 0.014% (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 + 0.06%
ETFs - Fee
0.10% (£8 min) €2 + 0.03%
Investment Trusts - Fee
0.10% (£8 min) € 7.50 + 0.10%
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
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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
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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
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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

Our UK.StockBrokers.com team spent seven months and hundreds of hours assessing 12 different share dealing accounts for buying shares online in the UK. In total, 46 individual variables were assessed. For this review, we will compare DEGIRO vs Saxo Markets.

Which broker is cheaper: DEGIRO or Saxo Markets?

It's important to note that not only is there the cost to place the trade, but most share dealing brokers also charge a monthly, quarterly, or annual management fee depending on the type and size of your portfolio. We assessed both to provide a single star rating for cost. DEGIRO is a better option with a 5.00 star rating over Saxo Markets's 3.50 star rating.

Further breaking down costs, we analyzed four different trading scenarios. For all four scenarios, we are assuming a £30,000 portfolio for custody fees.

1 Trade Per Month - DEGIRO only charges £34 while Saxo Markets charges £204.

3 Trades Per Month - DEGIRO is cheaper under this scenario. DEGIRO would cost £104 while Saxo Markets would cost £396.

10 Trades Per Month - DEGIRO is the cheaper option. Fees with DEGIRO would be £346 while fees with Saxo Markets would be £1068.

20 Trades Per Month - DEGIRO costs less in this case. DEGIRO charges £693 while Saxo Markets charges £2028.

The annual management fee for each broker, which is a percentage of total assets, is as follows under a £30,000 portfolio DEGIRO charges 0% while Saxo Markets charges 0.12% (min. €120 or £ equivalent).

Does DEGIRO or Saxo Markets offer a wider range of investment options?

Saxo Markets offers a more diverse selection of investment options than DEGIRO. Saxo Markets offers investors access to ETFs, Funds, ISA, SIPP, Share Trading and Bonds - Government (Gilts). Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Is DEGIRO or Saxo Markets better for research?

Research helps traders analyze potential investments, examine market sentiment, and learn about companies on a high-level. Our testing concluded that Saxo Markets is better for research than DEGIRO. Saxo Markets offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better: DEGIRO or Saxo Markets?

To compare the trading platforms of both DEGIRO and Saxo Markets, we tested each broker's trading tools. Overall, Saxo Markets offers a better experience. Looking at charting, Saxo Markets boasts an offering of 17 charting tools compared to DEGIRO's 0 available charting tools. Saxo Markets boasts an offering of 49 different indicators (for example, moving averages) compared to DEGIRO's 23 available indicators.

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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