Written by StockBrokers.com
Is Fineco Bank better than Saxo Markets? After scoring the best share dealing accounts across 46 different variables, Fineco Bank is better than Saxo Markets. For the price-conscious trader, FinecoBank is a solid share dealing option with a broad range of investment options; but educational materials and research reports are lacking.
| Overall Rating | Fineco Bank | Saxo Markets | |
|---|---|---|---|
| Overall Rating |
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| Commissions & Fees |
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| Offering of Investments |
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| Mobile Trading |
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| Platforms & Tools |
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| Research |
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| Ease of Use |
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| Education |
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| Review | Fineco Bank Review | Saxo Markets Review | |
| Winner | check_circle |
| Investments | Fineco Bank | Saxo Markets | |
|---|---|---|---|
| ISA | Yes | Yes | |
| SIPP | No | Yes | |
| 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 | No | Yes | |
| Spread Betting | No | No | |
| Crypto Trading | No | No | |
| Advisor Services | No | No |
| Trading Fees | Fineco Bank | Saxo Markets | |
|---|---|---|---|
| Minimum Deposit | £0.0 | £500.0 | |
| Share Trading: 0-9 Deals/ Month | £2.95 | 0.10% (£8 min) | |
| Share Trading: 10-19 Deals/ Month | £2.95 | 0.10% (£8 min) | |
| Share Trading: 20+ Deals/ Month | £2.95 | 0.10% (£8 min) | |
| 5 trades per year (£30k portfolio) | £75 | £142 | |
| 12 trades per year (£30k portfolio) | £35.4 | £198 | |
| 36 trades per year (£30k portfolio) | £106.2 | £390 | |
| 120 trades per year (£30k portfolio) | £354 | £1062 | |
| 3 fund trades per year (£30k portfolio) | £14.75 | £126 | |
| Annual Custody Fee: £0 - £250,000 | 0.25% | 0.12% (min. €120 or £ equivalent) | |
| Annual Custody Fee: £250K-£500K | 0.15% | 0.12% (min. €120 or £ equivalent) | |
| Annual Custody Fee: £500,000 - £1m | 0.15% | 0.12% (min. €120 or £ equivalent) | |
| Annual Custody Fee: £1m and over | 0.05% | 0.12% (min. €120 or £ equivalent) | |
| Bonds - Corporate - Fee | £6.95 | 0.20% (min. EUR20) | |
| Bonds - Government (Gilts) - Fee | £6.95 | 0.20% (min. EUR20) | |
| ETFs - Fee | £2.95 | 0.10% (£8 min) | |
| Investment Trusts - Fee | N/A | 0.10% (£8 min) | |
| Telephone Dealing Fee | N/A | £50 |
| Platforms & Tools | Fineco Bank | Saxo Markets | |
|---|---|---|---|
| Web Platform | Yes | Yes | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 22 | 62 | |
| Charting - Drawing Tools | 3 | 20 | |
| Charting - Notes | No | Yes | |
| Charting - Display Corporate Events | Yes | No | |
| Charting - Stock Overlays | Yes | Yes | |
| Charting - Index Overlays | Yes | Yes |
| Research | Fineco Bank | Saxo Markets | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | No | Yes | |
| Research - Funds | Yes | Yes | |
| Fund Research - Research Reports | No | No | |
| Research - ETFs | Yes | Yes | |
| Research - Bonds | Yes | Yes | |
| Portfolio Allocation Breakdown | Yes | Yes |
| Education | Fineco Bank | Saxo Markets | |
|---|---|---|---|
| Has Education - Share Trading | No | Yes | |
| Has Education - Funds | No | No | |
| Has Education - Retirement | No | No | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes |
| Overall Summary | Fineco Bank | Saxo Markets | |
|---|---|---|---|
| Overall Rating |
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| |
| Commissions & Fees |
|
| |
| Offering of Investments |
|
| |
| Mobile Trading |
|
| |
| Platforms & Tools |
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| |
| Research |
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| |
| Ease of Use |
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| |
| Education |
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| Review | Fineco Bank Review | Saxo Markets Review | |
| Winner | check_circle |
For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Fineco Bank vs Saxo Markets.
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, Fineco Bank 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.
5 trades per year - Fineco Bank would cost £75 per year, while Saxo Markets would cost £142 per year.
12 trades per year - Fineco Bank would cost £35.4 per year, while Saxo Markets would cost £198 per year.
36 trades per year - Fineco Bank would cost £106.2 per year, while Saxo Markets would cost £390 per year.
120 trades per year - Fineco Bank would cost £354 per year, while Saxo Markets would cost £1062 per year.
3 fund trades per year - Fineco Bank would cost £14.75 per year, while Saxo Markets would cost £126 per year.
Fineco Bank offers investors access to ISA, Share Trading, CFD Trading, Funds, ETFs, Bonds - Corporate and Bonds - Government (Gilts), while Saxo Markets offers investors access to ISA, SIPP, Share Trading, CFD 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.
Our testing concluded that Saxo Markets is better for research than Fineco Bank. Saxo Markets offers more research options, including research reports, articles, and analyst ratings.
To compare the trading platforms of both Fineco Bank and Saxo Markets, 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: Fineco Bank
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