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Saxo Markets vs Hargreaves Lansdown 2020
Your capital is at risk.
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Overall Rating
| Feature | Saxo Markets | Hargreaves Lansdown |
| Overall | ||
| Saxo Markets Review | Hargreaves Lansdown Review |
Trading Fees
| Feature | Saxo Markets | Hargreaves Lansdown |
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Share Trading: 0-9 Deals/ Month |
0.10% (£8 min) | £11.95 |
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Share Trading: 10-19 Deals/ Month |
0.10% (£8 min) | £8.95 |
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Share Trading: 20+ Deals/ Month |
0.10% (£8 min) | £5.95 |
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Annual Custody Fee: £0 - £250,000* |
0.12% (min. €120 or £ equivalent) | 0.45% |
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Bonds - Government (Gilts) - Fee |
0.20% (min. £72) | £11.95 |
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ETFs - Fee |
0.10% (£8 min) | £11.95 |
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Investment Trusts - Fee |
0.10% (£8 min) | £11.95 |
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Telephone Dealing Fee* |
£50.00 | £20.00 |
| Commissions & Fees | ||
| Winner | check_circle |
Platforms & Tools
| Feature | Saxo Markets | Hargreaves Lansdown |
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Desktop Platform (Windows) |
Yes | No |
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Web Platform |
Yes | Yes |
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iPhone App |
Yes | Yes |
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Android App |
Yes | Yes |
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Stock Alerts |
Yes | Yes |
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Charting - Indicators / Studies |
49 | 26 |
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Charting - Drawing Tools |
17 | 1 |
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Charting - Notes |
Yes | No |
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Charting - Display Corporate Events |
No | Yes |
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Charting - Stock Overlays |
Yes | Yes |
| Platform & Tools | ||
| Winner | check_circle |
Research
| Feature | Saxo Markets | Hargreaves Lansdown |
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Research - Shares |
Yes | Yes |
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Research - CFDs |
Yes | Yes |
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Research - Funds |
Yes | Yes |
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Fund Research - Research Reports |
No | Yes |
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Research - ETFs |
Yes | Yes |
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Research - Bonds |
Yes | Yes |
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Portfolio Allocation Breakdown |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Investments
| Feature | Saxo Markets | Hargreaves Lansdown |
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Share Trading |
Yes | Yes |
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CFD Trading |
Yes | No |
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Funds |
Yes | Yes |
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ETFs |
Yes | Yes |
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Bonds - Corporate |
Yes | Yes |
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Bonds - Government (Gilts) |
Yes | Yes |
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Investment Trusts |
Yes | Yes |
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Spread Betting |
No | No |
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Advisor Services |
No | Yes |
| Offering of Investments | ||
| Winner | check_circle |
Education
| Feature | Saxo Markets | Hargreaves Lansdown |
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Has Education - Share Trading |
Yes | Yes |
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Has Education - Funds |
No | Yes |
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Has Education - Retirement |
No | Yes |
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Client Webinars |
Yes | No |
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Client Webinars (Archived) |
Yes | No |
| Education |
Overall
| Feature | Saxo Markets | Hargreaves Lansdown |
| Saxo Markets Review | Hargreaves Lansdown Review | |
| Overall | ||
| Winner | check_circle |
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.
