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 Hargreaves Lansdown vs Saxo Capital 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. Both Hargreaves Lansdown and Saxo Capital Markets are rated 3.50 stars.
Account charges aside, we can now compare features and tools investors want in their share dealing accounts. Access to the investments is important, and Saxo Capital Markets provides its clients with ISA and SIPP while Hargreaves Lansdown provides clients access to ISA, ISA - Junior, SIPP, SIPP - Junior and Spread Betting. 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. Saxo Capital Markets offers its clients access to 17 charting tools while Hargreaves Lansdown has 1 charting tools, a difference of 16. Saxo Capital Markets boasts an offering of 48 different indicators (for example, moving averages) compared to Hargreaves Lansdown's 20 available indicators. Both Hargreaves Lansdown and Saxo Capital Markets offer basic stock alerts. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Hargreaves Lansdown has fund research reports, Saxo Capital Markets doesn't.
Overall, between Hargreaves Lansdown and Saxo Capital Markets, Saxo Capital Markets is the winner
Hargreaves Lansdown Review
Saxo Capital Markets Review