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Saxo Capital Markets vs Hargreaves Lansdown Review

Steve Miley

Published by Steve Miley


Wednesday, April 10th, 2019

Is Hargreaves Lansdown better than Saxo Capital Markets? After ranking 12 UK brokerages who all offer share dealing in our 2019 review, Saxo Capital Markets is better than Hargreaves Lansdown. 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.

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Overall

Trading Fees

Share Trading: 0-9 Deals/ Month
Share Trading: 10-19 Deals/ Month
Share Trading: 20+ Deals/ Month
Annual Custody Fee: £0 - £250,000*
Bonds - Government (Gilts) - Fee
ETFs - Fee
Investment Trusts - Fee
Telephone Dealing Fee*
Commissions & Fees
Winner

Platforms & Tools

Desktop Platform (Windows)
Web Platform
iPhone App
Android App
Stock Alerts
Charting - Indicators / Studies
Charting - Drawing Tools
Charting - Notes
Charting - Display Corporate Events
Charting - Stock Overlays
Platform & Tools
Winner

Research

Research - Shares
Research - CFDs
Research - Funds
Fund Research - Research Reports
Research - ETFs
Research - Bonds
Portfolio Allocation Breakdown
Research
Winner

Investments

Share Trading
CFD Trading
Funds
ETFs
Bonds - Corporate
Bonds - Government (Gilts)
Investment Trusts
Spread Betting
Banking Services
Advisor Services
Offering of Investments
Winner

Education

Has Education - Share Trading
Has Education - Funds
Has Education - Retirement
Client Webinars
Client Webinars (Archived)
Education
Winner

Overall

Overall
Winner
 
0.10% (£4.99 min)
0.10% (£4.99 min)
0.10% (£4.99 min)
0.12%
0.08%
N/A
N/A
N/A
3.5
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Yes
Yes
Yes
Yes
Yes
48
17
Yes
No
Yes
4.5
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Yes
Yes
Yes
No
No
Yes
Yes
4
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
No
Yes
4.5
 
Yes
No
No
Yes
Yes
3
 
4.5
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£11.95
£8.95
£5.95
0.45%
£11.95
£11.95
£11.95
£20.00
3.5
 
No
Yes
Yes
Yes
Yes
20
1
No
Yes
Yes
3.5
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
4
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Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
4.5
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Yes
Yes
Yes
No
No
3.5
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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

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.

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