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 Capital 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's score is 4.50 stars versus Saxo Capital Markets's 3.50 stars.
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 Capital Markets provides its clients with ISA and SIPP while DEGIRO provides clients access to 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 Capital Markets offers its clients access to 17 charting tools while DEGIRO has 0 charting tools, a difference of 17. 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. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. DEGIRO nor Saxo Capital Markets offers fund research reports.
Overall, between DEGIRO and Saxo Capital Markets, Saxo Capital Markets is the winner
Saxo Capital Markets Review