UK.StockBrokers.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

Hargreaves Lansdown vs Saxo 2024

StockBrokers.com

Written by StockBrokers.com

February 01, 2024

Is Hargreaves Lansdown better than Saxo? After scoring the best share dealing accounts across 46 different variables, our analysis finds that Hargreaves Lansdown is better than Saxo. As the U.K.’s biggest investment platform for individual investors, Hargreaves Lansdown offers a wide range of investment choices for either beginners or seasoned investors. However, its fees are generally more expensive than rival brokers, which can become an issue for large investment pots.

Select Brokers

×
  • check_box_outline_blankcheck_boxAJ Bell
  • check_box_outline_blankcheck_boxBarclays
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCMC Invest
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFidelity International
  • check_box_outline_blankcheck_boxFreetrade
  • check_box_outline_blankcheck_boxHalifax
  • check_box_outline_blankcheck_boxHargreaves Lansdown
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxInteractive Investor
  • check_box_outline_blankcheck_boxLloyds Bank
  • check_box_outline_blankcheck_boxSaxo
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxVanguard UK Investor
  • check_box_outline_blankcheck_boxXTB

Compare

0 of 5
Overall Rating Hargreaves Lansdown Saxo
Overall Rating 4.5/5 Stars 4.5/5 Stars
Charges & Fees 4/5 Stars 3.5/5 Stars
Investment Choices 5/5 Stars 5/5 Stars
Mobile App 4.5/5 Stars 5/5 Stars
Website 4.5/5 Stars 4.5/5 Stars
Ease of Use 4.5/5 Stars 3.5/5 Stars
Education 5/5 Stars 5/5 Stars
Review Hargreaves Lansdown Review Saxo Review
Winner check_circle
Investments Hargreaves Lansdown Saxo
ISA info Yes Yes
SIPP info Yes Yes
Share Trading info Yes Yes
CFD Trading info No Yes
Funds info Yes Yes
ETFs info Yes Yes
Bonds - Corporate info Yes Yes
Bonds - Government (Gilts) info Yes Yes
Investment Trusts info Yes Yes
Spread Betting info No No
Crypto Trading info No No
Advisor Services info Yes No
Trading Fees Hargreaves Lansdown Saxo
Minimum Deposit info £1.0 £0.0
Share Trading: 0-9 Deals/ Month info £11.95 0.08% (£3 min)
Share Trading: 10-19 Deals/ Month info £8.95 0.08% (£3 min)
Share Trading: 20+ Deals/ Month info £5.95 0.08% (£3 min)
5 trades per year (£30k portfolio) info £59.75 0.15% (minimum £150)
12 trades per year (£30k portfolio) info £143.4 0.15% (minimum £150)
36 trades per year (£30k portfolio) info £430.2 0.15% (minimum £150)
120 trades per year (£30k portfolio) info £1074 0.15% (minimum £150)
3 fund trades per year (£30k portfolio) info £135 0.15% (minimum £150)
Annual Custody Fee: £0 - £250,000 info Up to £1,125 0.4% p.a. up to £200k; 0.2% p.a. after £200k
Annual Custody Fee: £250K-£500K info Up to £625 0.2% p.a.
Annual Custody Fee: £500,000 - £1m info Up to £1,250 0.2% p.a.
Annual Custody Fee: £1m and over info Up to £1,000 0.1% p.a.
Bonds - Corporate - Fee info £20 - £50 0.20%
Bonds - Government (Gilts) - Fee info £20 - £50 0.20%
ETFs - Fee info £5.95 - £11.95
Investment Trusts - Fee info £5.95 - £11.95 £8
Telephone Dealing Fee info £20 - £50 £50
Broker Screenshots Hargreaves Lansdown Saxo
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Platforms & Tools Hargreaves Lansdown Saxo
Web Platform info Yes Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 15 64
Charting - Drawing Tools info 0 20
Charting - Notes info No Yes
Charting - Display Corporate Events info Yes No
Charting - Stock Overlays info Yes Yes
Charting - Index Overlays info Yes Yes
Research Hargreaves Lansdown Saxo
Research - Shares info Yes Yes
Research - CFDs info No Yes
Research - Funds info Yes No
Fund Research - Research Reports info Yes No
Research - ETFs info Yes Yes
Research - Bonds info Yes Yes
Portfolio Allocation Breakdown info Yes Yes
Education Hargreaves Lansdown Saxo
Education (Share Trading) info Yes No
Education (Funds) info Yes No
Education (Retirement) info Yes No
Client Webinars info Yes Yes
Client Webinars (Archived) info No Yes
Overall Summary Hargreaves Lansdown Saxo
Overall Rating 4.5/5 Stars 4.5/5 Stars
Charges & Fees 4/5 Stars 3.5/5 Stars
Investment Choices 5/5 Stars 5/5 Stars
Mobile App 4.5/5 Stars 5/5 Stars
Website 4.5/5 Stars 4.5/5 Stars
Ease of Use 4.5/5 Stars 3.5/5 Stars
Education 5/5 Stars 5/5 Stars
Review Hargreaves Lansdown Review Saxo Review
Winner check_circle
arrow_upward

Comparing online share dealing platforms side by side is no small task. For our 2024 review of U.K. brokers, more than 900 data points were collected over a 10-week period and used to score each broker. Let’s compare Hargreaves Lansdown and Saxo.

Hargreaves Lansdown vs Saxo Comparison

For our 2024 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Hargreaves Lansdown vs Saxo.

Is Hargreaves Lansdown a good broker?

As the U.K.’s biggest investment platform for individual investors, Hargreaves Lansdown offers a wide range of investment choices for either beginners or seasoned investors. However, its fees are generally more expensive than rival brokers, which can become an issue for large investment pots.

Is Saxo a good broker?

Saxo Markets’ trading platform is highly sophisticated and offers a huge range of international shares and funds. The biggest downside is the cost, as its charges are higher than its U.K. competitors. It's best suited for experienced investors rather than beginners.

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, Hargreaves Lansdown offers better pricing than Saxo 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 - Hargreaves Lansdown would cost £59.75 per year, while Saxo would cost 0.15% (minimum £150) per year.

12 trades per year - Hargreaves Lansdown would cost £143.4 per year, while Saxo would cost 0.15% (minimum £150) per year.

36 trades per year - Hargreaves Lansdown would cost £430.2 per year, while Saxo would cost 0.15% (minimum £150) per year.

120 trades per year - Hargreaves Lansdown would cost £1074 per year, while Saxo would cost 0.15% (minimum £150) per year.

3 fund trades per year - Hargreaves Lansdown would cost £1.0 per year, while Saxo would cost £0.0 per year.

query_stats What type of trader are you?

Our guides can help you choose the right broker for you and the way you trade: whether you consider yourself an investing beginner, a more experienced active trader, or a mobile-first trading enthusiast.

How do Hargreaves Lansdown and Saxo compare in terms of minimum deposits required?

Hargreaves Lansdown requires a minimum deposit of £1.0, while Saxo requires a minimum deposit of £0.0. From our testing we found for accounts between £0 - £250,000 Hargreaves Lansdown charges annual custody fees of Up to £1,125, while Saxo charges annual custody fees of 0.4% p.a. up to £200k; 0.2% p.a. after £200k.

Which broker offers a wider range of investment options?

Hargreaves Lansdown offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts and Advisor Services, while Saxo offers investors access to ISA, SIPP, Share Trading, CFD Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts. Neither have Spread Betting and Crypto Trading. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Do Hargreaves Lansdown and Saxo offer ISA or SIPP accounts?

Self-invested personal pensions (SIPPs) and individual savings accounts (ISAs) are tax-advantaged savings accounts that are an important tool for many individual investors. You can read more about how these accounts operate at Gov.UK: Click here for SIPP information and here for ISA information. Our analysis finds that Both Hargreaves Lansdown and Saxo offer SIPP and ISA accounts.

Do Hargreaves Lansdown and Saxo offer cryptocurrency?

In our analysis of top brokers for share dealing in the U.K., we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum, which is still a somewhat rare offering amongst major U.K. brokers. Our review finds that neither Hargreaves Lansdown nor Saxo offer crypto investing.

Which broker offers a better website experience?

Our testing concluded that the website of Saxo is better than the website of Hargreaves Lansdown. Saxo offers more functionality, is cleanly designed, and is, overall, easier to use for beginners and casual investors.

Which stock trading app is better?

To compare the trading platforms of both Hargreaves Lansdown and Saxo, we tested each broker's stock trading app. All features compared, our analysis finds that Saxo offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.

Do Hargreaves Lansdown and Saxo offer educational resources?

Educational offerings are of particular importance to those who are newer to investing, and we examine the availability of several different types of educational materials in our analysis. Our research finds that Hargreaves Lansdown offers traders access to Client Webinars, Education (Share Trading), Education (Funds) and Education (Retirement), while Saxo offers access to Client Webinars and Client Webinars (Archived).

Overall winner: Hargreaves Lansdown

Popular Stock Broker Reviews

Popular Guides



close