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Saxo Markets vs Halifax 2020

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Is Halifax better than Saxo Markets? After ranking 12 UK brokerages who all offer share dealing in our 2019 review, Saxo Markets is better than Halifax. 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 across 36 international exchanges. While Saxo Markets trails discount competitors in pricing, overall, it is our top broker for share dealing in 2019.

Overall Rating

Feature Saxo Markets Halifax
Overall 5 3.5
Saxo Markets Review Halifax Review

Trading Fees

Feature Saxo Markets Halifax
Share Trading: 0-9 Deals/ Month
0.10% (£8 min) £12.50
Share Trading: 10-19 Deals/ Month
0.10% (£8 min) £12.50
Share Trading: 20+ Deals/ Month
0.10% (£8 min) £12.50
Annual Custody Fee: £0 - £250,000*
0.12% (min. €120 or £ equivalent) £0
Bonds - Government (Gilts) - Fee
0.20% (min. £72) £25.00
ETFs - Fee
0.10% (£8 min) £12.50
Investment Trusts - Fee
0.10% (£8 min) £12.50
Telephone Dealing Fee*
£50.00 £25.00
Commissions & Fees 3.5 3
Winner check_circle

Platforms & Tools

Feature Saxo Markets Halifax
Desktop Platform (Windows)
Yes No
Web Platform
Yes Yes
iPhone App
Yes No
Android App
Yes No
Stock Alerts
Yes Yes
Charting - Indicators / Studies
49 91
Charting - Drawing Tools
17 17
Charting - Notes
Yes No
Charting - Display Corporate Events
No Yes
Charting - Stock Overlays
Yes No
Platform & Tools 5 3.5
Winner check_circle

Research

Feature Saxo Markets Halifax
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 4
Winner check_circle

Investments

Feature Saxo Markets Halifax
Share Trading
Yes Yes
CFD Trading
Yes No
Funds
Yes Yes
ETFs
Yes Yes
Bonds - Corporate
Yes Yes
Bonds - Government (Gilts)
Yes Yes
Investment Trusts
Yes Yes
Spread Betting
No No
Advisor Services
No Yes
Offering of Investments 4.5 4
Winner check_circle

Education

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

Overall

Feature Saxo Markets Halifax
Saxo Markets Review Halifax Review
Overall 5 3.5
Winner check_circle
To find a right broker for share dealing, we spent seven months and hundreds of hours of assessing 12 different share dealing brokers based in the UK. Here, we will focus on two brokers and compare Halifax vs Saxo Markets.

Our comparison begins with the fees charged for dealing shares in the UK and being a client. The two main charges to focus on include the cost to place each trade alongside the monthly, quarterly, or annual management fee charged (varies depending on the type and size of your portfolio). We researched both to provide a single star rating for cost. Saxo Markets received a rating of 3.50 stars over Halifax's 3.00 stars.

Further breaking down costs, we analyzed four different trading scenarios. For all four scenarios, we are assuming a £30,000 portfolio for custody fees.

Scenario 1 - 1 trade per month, for a total of 12 trades per year. Saxo Markets would charge £204 while Halifax would charge £150.

Scenario 2 - 36 trades per year, or 3 trades per month. Halifax charges £450 and Saxo Markets charges £396.

Scenario 3 - If you make 10 trades a month, or 120 per year, the fees with Halifax wold be £1500 and the fees with Saxo Markets would be £1068.

Scenario 4 - 20 trades per month, for a total of 240 trades per year. Halifax would charge £3000 while Saxo Markets would charge £2028.

Account charges aside, we can now compare features and tools investors want in their share dealing accounts. Access to the investments is important, and Both Halifax and Saxo Markets support ISA and SIPP. Also, some investors require a high-quality charting experience, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. Both brokers offer clients access to the same number of charting tools, 17. Halifax offers its clients access to 91 different indicators (for example, volume) while Saxo Markets has 49 available indicators, a difference of 42. Halifax alongside Saxo Markets offer basic stock alerts. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Neither Halifax and Saxo Markets offer fund research reports.

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

Halifax Review
Saxo Markets Review


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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