Saxo Capital Markets vs Halifax Review
By Steve Miley / June 19th, 2019
Is Saxo Capital Markets better than Halifax? After scoring UK share dealing accounts in six areas for our 2019 review, Saxo Capital Markets is better than Halifax. Saxo Capital Markets provides a brilliant all-around share trading experience for UK residents. The fees for buying shares are not the cheapest; however, the SaxoTraderGO trading platform is excellent, and there’s an abundant selection of international products to trade.
Platforms & Tools
First, we will compare the fees charged for dealing in the UK. There are two primary fees: the cost to place each trade and the monthly, quarterly, or annual management fee charged which varies depending on the type and size of your portfolio. We researched both to provide a single star rating for cost. Halifax received a rating of 4.00 stars over Saxo Capital Markets's 3.50 stars.
Cost aside, we can now compare popular features and tools investors prefer. Access to the investments you want is important, and Halifax alongside Saxo Capital Markets offer clients ISA and SIPP. Next, some traders desire robust charting, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. Saxo Capital Markets boasts an offering of 17 charting tools compared to Halifax's 1 available charting tools. Saxo Capital Markets boasts an offering of 48 different indicators (for example, moving averages) compared to Halifax's 43 available indicators. Halifax alongside Saxo Capital Markets offer basic stock alerts. Finally, for researching funds while share dealing, having access to mutual fund research reports is also helpful. Neither offers fund research reports.
Overall, between Halifax and Saxo Capital Markets, Saxo Capital Markets is the winner.
Saxo Capital Markets Review
All pricing data was obtained from a published web site as of 01/08/18 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.