Saxo Markets vs Freetrade 2023

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, Freetrade 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 - Saxo Markets would cost £142 per year, while Freetrade would cost N/A per year.

12 trades per year - Saxo Markets would cost £198 per year, while Freetrade would cost £0 per year.

36 trades per year - Saxo Markets would cost £390 per year, while Freetrade would cost £0 per year.

120 trades per year - Saxo Markets would cost £1062 per year, while Freetrade would cost £0 per year.

3 fund trades per year - Saxo Markets would cost £126 per year, while Freetrade would cost N/A per year.

Saxo Markets offers investors access to ISA, SIPP, Share Trading, CFD Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts, while Freetrade offers investors access to ISA, SIPP, Share Trading, ETFs 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 Freetrade. Saxo Markets offers more research options, including research reports, articles, and analyst ratings.

To compare the trading platforms of both Saxo Markets and Freetrade, 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.