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Saxo Markets vs FinecoBank 2020

Your capital is at risk.
Is FinecoBank better than Saxo Markets? After scoring the best share dealing accounts across 46 different variables, Saxo Markets is better than FinecoBank . 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 FinecoBank
Overall 4.5 4
Saxo Markets Review FinecoBank Review

Trading Fees

Feature Saxo Markets FinecoBank
Share Trading: 0-9 Deals/ Month
0.10% (£8 min) £2.95
Share Trading: 10-19 Deals/ Month
0.10% (£8 min) £2.95
Share Trading: 20+ Deals/ Month
0.10% (£8 min) £2.95
Annual Custody Fee: £0 - £250,000
0.12% (min. €120 or £ equivalent) 0.25%
Bonds - Government (Gilts) - Fee
0.20% (min. £80) £6.95
ETFs - Fee
0.10% (£8 min) £2.95
Investment Trusts - Fee
0.10% (£8 min) N/A
Telephone Dealing Fee
£50.00 N/A
Commissions & Fees 3 5
Winner check_circle

Platforms & Tools

Feature Saxo Markets FinecoBank
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
iPhone App
Yes Yes
Android App
Yes Yes
Stock Alerts
Yes No
Charting - Indicators / Studies
58 24
Charting - Drawing Tools
20 2
Charting - Notes
Yes No
Charting - Display Corporate Events
No Yes
Charting - Stock Overlays
Yes Yes
Platform & Tools 5 3.5
Winner check_circle

Research

Feature Saxo Markets FinecoBank
Research - Shares
Yes Yes
Research - CFDs
Yes No
Research - Funds
Yes Yes
Fund Research - Research Reports
No No
Research - ETFs
Yes Yes
Research - Bonds
Yes Yes
Portfolio Allocation Breakdown
Yes Yes
Research 4.5 3.5
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Investments

Feature Saxo Markets FinecoBank
Share Trading
Yes Yes
CFD Trading
Yes Yes
Funds
Yes Yes
ETFs
Yes Yes
Bonds - Corporate
Yes Yes
Bonds - Government (Gilts)
Yes Yes
Investment Trusts
Yes No
Spread Betting
No Yes
Advisor Services
No Yes
Offering of Investments 5 4
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Education

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

Overall

Feature Saxo Markets FinecoBank
Saxo Markets Review FinecoBank Review
Overall 4.5 4
Winner check_circle

For our 2020 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare FinecoBank vs Saxo Markets.

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, FinecoBank offers better pricing than Saxo Markets 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.

1 Trade Per Month - FinecoBank is cheaper. FinecoBank would only cost £35.40 each year while Saxo Markets would cost £204.00.

3 Trades Per Month - FinecoBank is less expensive under this scenario. FinecoBank would cost £106.20 per year while Saxo Markets would cost £396.00.

10 Trades Per Month - FinecoBank is the better choice. Annual fees with FinecoBank would total £354, while annual fees with Saxo Markets would be £1068.

20 Trades Per Month - FinecoBank costs less in this scenario. Total annual costs with FinecoBank would equal £708, while Saxo Markets would equal £2028.

Which broker offers a wider range of investment options?

Saxo Markets offers a more diverse selection of investment options than FinecoBank . 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.

Which platform offers better research?

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

Which trading platform is better?

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

Overall, between FinecoBank and Saxo Markets, Saxo Markets is the winner.

FinecoBank Review
Saxo Markets Review

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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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