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Saxo Markets vs Hargreaves Lansdown 2022

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is Saxo Markets better than Hargreaves Lansdown? After scoring the best share dealing accounts across 46 different variables, Fineco Bank is better than Saxo Markets. For the price-conscious trader, FinecoBank is a solid share dealing option with a broad range of investment options; but educational materials and research reports are lacking.

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Overall RatingSaxo MarketsHargreaves LansdownFineco Bank
Overall Rating4.5 Stars4.5 Stars4.5 Stars
Commissions & Fees3 Stars3 Stars5 Stars
Offering of Investments5 Stars5 Stars4 Stars
Mobile Trading5 Stars4.5 Stars4 Stars
Platforms & Tools5 Stars4 Stars3.5 Stars
Research4.5 Stars4.5 Stars3.5 Stars
Ease of Use4.5 Stars4 Stars3.5 Stars
Education4 Stars4 Stars3.5 Stars
ReviewSaxo Markets ReviewHargreaves Lansdown ReviewFineco Bank Review
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InvestmentsSaxo MarketsHargreaves LansdownFineco Bank
ISAYesYesYes
SIPPYesYesNo
Share TradingYesYesYes
CFD TradingYesNoYes
FundsYesYesYes
ETFsYesYesYes
Bonds - CorporateYesYesYes
Bonds - Government (Gilts)YesYesYes
Investment TrustsYesYesNo
Spread BettingNoNoNo
Crypto TradingNoNoNo
Advisor ServicesNoYesNo
Trading FeesSaxo MarketsHargreaves LansdownFineco Bank
Minimum Deposit£500.0£1.0£0.0
Share Trading: 0-9 Deals/ Month0.10% (£8 min)£11.95£2.95
Share Trading: 10-19 Deals/ Month0.10% (£8 min)£8.95£2.95
Share Trading: 20+ Deals/ Month0.10% (£8 min)£5.95£2.95
5 trades per year (£30k portfolio)£142£59.75£75
12 trades per year (£30k portfolio)£198£143.4£35.4
36 trades per year (£30k portfolio)£390£430.2£106.2
120 trades per year (£30k portfolio)£1062£1074£354
3 fund trades per year (£30k portfolio)£126£135£14.75
Annual Custody Fee: £0 - £250,0000.12% (min. €120 or £ equivalent)0.45%0.25%
Annual Custody Fee: £250K-£500K0.12% (min. €120 or £ equivalent)0.25%0.15%
Annual Custody Fee: £500,000 - £1m0.12% (min. €120 or £ equivalent)0.25%0.15%
Annual Custody Fee: £1m and over0.12% (min. €120 or £ equivalent)0.10%0.05%
Bonds - Corporate - Fee0.20% (min. EUR20)1% (20-50) or £11.95£6.95
Bonds - Government (Gilts) - Fee0.20% (min. EUR20)1% £20 minimum£6.95
ETFs - Fee0.10% (£8 min)£11.95£2.95
Investment Trusts - Fee0.10% (£8 min)£11.95N/A
Telephone Dealing Fee£501% of the trade value, mininmum £20 maximum £50N/A
Platforms & ToolsSaxo MarketsHargreaves LansdownFineco Bank
Web PlatformYesYesYes
iPhone AppYesYesYes
Android AppYesYesYes
Stock AlertsYesYesYes
Charting - Indicators / Studies622022
Charting - Drawing Tools2013
Charting - NotesYesNoNo
Charting - Display Corporate EventsNoYesYes
Charting - Stock OverlaysYesYesYes
Charting - Index OverlaysYesYesYes
ResearchSaxo MarketsHargreaves LansdownFineco Bank
Research - SharesYesNoYes
Research - CFDsYesNoNo
Research - FundsYesYesYes
Fund Research - Research ReportsNoYesNo
Research - ETFsYesYesYes
Research - BondsYesYesYes
Portfolio Allocation BreakdownYesYesYes
EducationSaxo MarketsHargreaves LansdownFineco Bank
Has Education - Share TradingYesYesNo
Has Education - FundsNoYesNo
Has Education - RetirementNoYesNo
Client WebinarsYesYesYes
Client Webinars (Archived)YesNoYes
Overall SummarySaxo MarketsHargreaves LansdownFineco Bank
Overall Rating4.5 Stars4.5 Stars4.5 Stars
Commissions & Fees3 Stars3 Stars5 Stars
Offering of Investments5 Stars5 Stars4 Stars
Mobile Trading5 Stars4.5 Stars4 Stars
Platforms & Tools5 Stars4 Stars3.5 Stars
Research4.5 Stars4.5 Stars3.5 Stars
Ease of Use4.5 Stars4 Stars3.5 Stars
Education4 Stars4 Stars3.5 Stars
ReviewSaxo Markets ReviewHargreaves Lansdown ReviewFineco Bank Review
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Saxo Markets vs Hargreaves Lansdown Comparison

For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Saxo Markets vs Hargreaves Lansdown.

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, Fineco Bank offers better pricing than Saxo Markets 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 - Saxo Markets would cost £142 per year, while Hargreaves Lansdown would cost £59.75 per year.

12 trades per year - Saxo Markets would cost £198 per year, while Hargreaves Lansdown would cost £143.4 per year.

36 trades per year - Saxo Markets would cost £390 per year, while Hargreaves Lansdown would cost £430.2 per year.

120 trades per year - Saxo Markets would cost £1062 per year, while Hargreaves Lansdown would cost £1074 per year.

3 fund trades per year - Saxo Markets would cost £126 per year, while Hargreaves Lansdown would cost £135 per year.

Which broker offers a wider range of investment options?

Saxo Markets offers investors access to ISA, SIPP, Share Trading, CFD Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts, while Hargreaves Lansdown offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts and Advisor Services, 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.

Which broker offers better research?

Our testing concluded that Hargreaves Lansdown is better for research than Saxo Markets. Hargreaves Lansdown offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better?

To compare the trading platforms of both Saxo Markets and Hargreaves Lansdown, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, Saxo Markets offers a better share dealing platform and Saxo Markets offers a better stock app for mobile trading.

Overall winner: Fineco Bank

Read Next: Best UK Trading Platforms 2022


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