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Saxo vs Fidelity International 2024

StockBrokers.com

Written by StockBrokers.com

February 01, 2024

Is Saxo better than Fidelity International? After scoring the best share dealing accounts across 46 different variables, our analysis finds that Saxo is better than Fidelity International. Saxo Markets’ trading platform is highly sophisticated and offers a huge range of international shares and funds. The biggest downside is the cost, as its charges are higher than its U.K. competitors. It's best suited for experienced investors rather than beginners.

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Compare

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Overall Rating Saxo Fidelity International
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 3.5/5 Stars 4/5 Stars
Investment Choices 5/5 Stars 4/5 Stars
Mobile App 5/5 Stars 4/5 Stars
Website 4.5/5 Stars 4.5/5 Stars
Ease of Use 3.5/5 Stars 4.5/5 Stars
Education 5/5 Stars 4.5/5 Stars
Review Saxo Review Fidelity International Review
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Investments Saxo Fidelity International
ISA info Yes Yes
SIPP info Yes Yes
Share Trading info Yes Yes
CFD Trading info Yes No
Funds info Yes Yes
ETFs info Yes Yes
Bonds - Corporate info Yes No
Bonds - Government (Gilts) info Yes No
Investment Trusts info Yes Yes
Spread Betting info No No
Crypto Trading info No No
Advisor Services info No Yes
Trading Fees Saxo Fidelity International
Minimum Deposit info £0.0 £1,000.0 info
Share Trading: 0-9 Deals/ Month info 0.08% (£3 min) £1.50 or £7.50
Share Trading: 10-19 Deals/ Month info 0.08% (£3 min) £1.50 or £7.50
Share Trading: 20+ Deals/ Month info 0.08% (£3 min) £1.50 or £7.50
5 trades per year (£30k portfolio) info 0.15% (minimum £150) £37.50
12 trades per year (£30k portfolio) info 0.15% (minimum £150) £18 or £90
36 trades per year (£30k portfolio) info 0.15% (minimum £150) £54 or £270
120 trades per year (£30k portfolio) info 0.15% (minimum £150) £180 or £900
3 fund trades per year (£30k portfolio) info 0.15% (minimum £150) £105
Annual Custody Fee: £0 - £250,000 info 0.4% p.a. up to £200k; 0.2% p.a. after £200k £90 - £875
Annual Custody Fee: £250K-£500K info 0.2% p.a. £500 - £1,000
Annual Custody Fee: £500,000 - £1m info 0.2% p.a. £1,000 - £2,000
Annual Custody Fee: £1m and over info 0.1% p.a. £0
Bonds - Corporate - Fee info 0.20% N/A
Bonds - Government (Gilts) - Fee info 0.20% N/A
ETFs - Fee info £7.50
Investment Trusts - Fee info £8 £7.50
Telephone Dealing Fee info £50 £30
Broker Screenshots Saxo Fidelity International
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Platforms & Tools Saxo Fidelity International
Web Platform info Yes Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 64 21
Charting - Drawing Tools info 20 5
Charting - Notes info Yes No
Charting - Display Corporate Events info No Yes
Charting - Stock Overlays info Yes Yes
Charting - Index Overlays info Yes Yes
Research Saxo Fidelity International
Research - Shares info Yes Yes
Research - CFDs info Yes No
Research - Funds info No Yes
Fund Research - Research Reports info No Yes
Research - ETFs info Yes Yes
Research - Bonds info Yes No
Portfolio Allocation Breakdown info Yes Yes
Education Saxo Fidelity International
Education (Share Trading) info No Yes
Education (Funds) info No Yes
Education (Retirement) info No Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Overall Summary Saxo Fidelity International
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 3.5/5 Stars 4/5 Stars
Investment Choices 5/5 Stars 4/5 Stars
Mobile App 5/5 Stars 4/5 Stars
Website 4.5/5 Stars 4.5/5 Stars
Ease of Use 3.5/5 Stars 4.5/5 Stars
Education 5/5 Stars 4.5/5 Stars
Review Saxo Review Fidelity International Review
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Comparing online share dealing platforms side by side is no small task. For our 2024 review of U.K. brokers, more than 900 data points were collected over a 10-week period and used to score each broker. Let’s compare Saxo and Fidelity International.

Saxo vs Fidelity International Comparison

For our 2024 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Saxo vs Fidelity International.

Is Saxo a good broker?

Saxo Markets’ trading platform is highly sophisticated and offers a huge range of international shares and funds. The biggest downside is the cost, as its charges are higher than its U.K. competitors. It's best suited for experienced investors rather than beginners.

Is Fidelity International a good broker?

Fidelity offers thousands of investments to choose from and also offers financial advice for those wanting more direction. It's best suited to traditional investors who hold a range of accounts through the platform, enjoy the great research material available and who may also use Fidelity for financial advice. The platform can be expensive for those with portfolios of less than £20,000 and those with portfolios above £40,000.

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, Fidelity International offers better pricing than Saxo 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 would cost 0.15% (minimum £150) per year, while Fidelity International would cost £37.50 per year.

12 trades per year - Saxo would cost 0.15% (minimum £150) per year, while Fidelity International would cost £18 or £90 per year.

36 trades per year - Saxo would cost 0.15% (minimum £150) per year, while Fidelity International would cost £54 or £270 per year.

120 trades per year - Saxo would cost 0.15% (minimum £150) per year, while Fidelity International would cost £180 or £900 per year.

3 fund trades per year - Saxo would cost £0.0 per year, while Fidelity International would cost £1,000.0 per year.

query_stats What type of trader are you?

Our guides can help you choose the right broker for you and the way you trade: whether you consider yourself an investing beginner, a more experienced active trader, or a mobile-first trading enthusiast.

How do Saxo and Fidelity International compare in terms of minimum deposits required?

Saxo requires a minimum deposit of £0.0, while Fidelity International requires a minimum deposit of £1,000.0. From our testing we found for accounts between £0 - £250,000 Saxo charges annual custody fees of 0.4% p.a. up to £200k; 0.2% p.a. after £200k, while Fidelity International charges annual custody fees of £90 - £875.

Which broker offers a wider range of investment options?

Saxo offers investors access to ISA, SIPP, Share Trading, CFD Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts, while Fidelity International offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Investment Trusts and Advisor Services. Neither have Spread Betting and Crypto Trading. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Do Saxo and Fidelity International offer ISA or SIPP accounts?

Self-invested personal pensions (SIPPs) and individual savings accounts (ISAs) are tax-advantaged savings accounts that are an important tool for many individual investors. You can read more about how these accounts operate at Gov.UK: Click here for SIPP information and here for ISA information. Our analysis finds that Both Saxo and Fidelity International offer SIPP and ISA accounts.

Do Saxo and Fidelity International offer cryptocurrency?

In our analysis of top brokers for share dealing in the U.K., we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum, which is still a somewhat rare offering amongst major U.K. brokers. Our review finds that neither Saxo nor Fidelity International offer crypto investing.

Which broker offers a better website experience?

Our testing concluded that the website of Saxo is better than the website of Fidelity International. Saxo offers more functionality, is cleanly designed, and is, overall, easier to use for beginners and casual investors.

Which stock trading app is better?

To compare the trading platforms of both Saxo and Fidelity International, we tested each broker's stock trading app. All features compared, our analysis finds that Saxo offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.

Do Saxo and Fidelity International offer educational resources?

Educational offerings are of particular importance to those who are newer to investing, and we examine the availability of several different types of educational materials in our analysis. Our research finds that Saxo offers traders access to Client Webinars and Client Webinars (Archived), while Fidelity International offers access to Client Webinars, Client Webinars (Archived), Education (Share Trading), Education (Funds) and Education (Retirement).

Overall winner: Saxo

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