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Saxo Markets vs Hargreaves Lansdown 2020

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Is Saxo Markets better than Hargreaves Lansdown? After scoring UK share dealing accounts in six areas for our 2019 review, Saxo Markets is better than Hargreaves Lansdown. 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 Hargreaves Lansdown
Overall 5 4.5
Saxo Markets Review Hargreaves Lansdown Review

Trading Fees

Feature Saxo Markets Hargreaves Lansdown
Share Trading: 0-9 Deals/ Month
0.10% (£8 min) £11.95
Share Trading: 10-19 Deals/ Month
0.10% (£8 min) £8.95
Share Trading: 20+ Deals/ Month
0.10% (£8 min) £5.95
Annual Custody Fee: £0 - £250,000*
0.12% (min. €120 or £ equivalent) 0.45%
Bonds - Government (Gilts) - Fee
0.20% (min. £72) £11.95
ETFs - Fee
0.10% (£8 min) £11.95
Investment Trusts - Fee
0.10% (£8 min) £11.95
Telephone Dealing Fee*
£50.00 £20.00
Commissions & Fees 3.5 3
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Platforms & Tools

Feature Saxo Markets Hargreaves Lansdown
Desktop Platform (Windows)
Yes No
Web Platform
Yes Yes
iPhone App
Yes Yes
Android App
Yes Yes
Stock Alerts
Yes Yes
Charting - Indicators / Studies
49 26
Charting - Drawing Tools
17 1
Charting - Notes
Yes No
Charting - Display Corporate Events
No Yes
Charting - Stock Overlays
Yes Yes
Platform & Tools 5 4
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Research

Feature Saxo Markets Hargreaves Lansdown
Research - Shares
Yes Yes
Research - CFDs
Yes Yes
Research - Funds
Yes Yes
Fund Research - Research Reports
No Yes
Research - ETFs
Yes Yes
Research - Bonds
Yes Yes
Portfolio Allocation Breakdown
Yes Yes
Research 4.5 4.5
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Investments

Feature Saxo Markets Hargreaves Lansdown
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 4.5
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Education

Feature Saxo Markets Hargreaves Lansdown
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 Hargreaves Lansdown
Saxo Markets Review Hargreaves Lansdown Review
Overall 5 4.5
Winner check_circle
After seven months and hundreds of hours of researching 12 different share dealing brokers, the UK.StockBrokers.com team collected thousands of data points. To focus on two brokers, we will now compare Hargreaves Lansdown vs Saxo Markets.

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. Saxo Markets received a rating of 3.50 stars over Hargreaves Lansdown'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. Hargreaves Lansdown would charge £278.40 while Saxo Markets would charge £204.

Scenario 2 - 3 trades per month, for a total of 36 trades per year. Hargreaves Lansdown would charge £565.20 while Saxo Markets would charge £396.

Scenario 3 - If you make 10 trades a month, or 120 per year, the fees with Hargreaves Lansdown wold be £1209 and the fees with Saxo Markets would be £1068.

Scenario 4 - 240 trades per year, or 20 trades per month. Saxo Markets charges £2028 and Hargreaves Lansdown charges £1563.

Cost aside, we can now compare popular features and tools investors prefer. Access to the investments you want is important, and Saxo Markets offers clients ISA and SIPP while Hargreaves Lansdown offers ISA, ISA - Junior, SIPP and SIPP - Junior. 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 Markets boasts an offering of 17 charting tools compared to Hargreaves Lansdown's 1 available charting tools. Saxo Markets boasts an offering of 49 different indicators (for example, moving averages) compared to Hargreaves Lansdown's 26 available indicators. Hargreaves Lansdown and Saxo Markets both offer basic stock alerts. Finally, for researching funds while share dealing, having access to mutual fund research reports is also helpful. Hargreaves Lansdown offers fund research reports while Saxo Markets does not.

Overall, between Hargreaves Lansdown and Saxo Markets, Saxo Markets is the winner.

Hargreaves Lansdown 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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