Saxo Markets vs Hargreaves Lansdown 2020

Our UK.StockBrokers.com team spent seven months and hundreds of hours assessing 12 different share dealing accounts for buying shares online in the UK. In total, 46 individual variables were assessed. For this review, we will compare Hargreaves Lansdown vs Saxo Markets.

Which broker is cheaper: Hargreaves Lansdown or Saxo Markets?

It's important to note that not only is there the cost to place the trade, but most share dealing brokers also charge a monthly, quarterly, or annual management fee depending on the type and size of your portfolio. We assessed 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.

1 Trade Per Month - Saxo Markets only charges £204.00 while Hargreaves Lansdown charges £278.40.

3 Trades Per Month - Saxo Markets is cheaper under this scenario. Saxo Markets would cost £396.00 while Hargreaves Lansdown would cost £565.20.

10 Trades Per Month - Saxo Markets is the cheaper option. Fees with Saxo Markets would be £1,068.00 while fees with Hargreaves Lansdown would be £1,209.00.

20 Trades Per Month - Hargreaves Lansdown costs less in this case. Hargreaves Lansdown charges £1,563.00 while Saxo Markets charges £2,028.00.

The annual management fee for each broker, which is a percentage of total assets, is as follows under a £30,000 portfolio Saxo Markets charges 0.12% (min. €120 or £ equivalent) while Hargreaves Lansdown charges 0.45%.

Does Hargreaves Lansdown or Saxo Markets offer a wider range of investment options?

Hargreaves Lansdown offers a more diverse selection of investment options than Saxo Markets. Hargreaves Lansdown offers investors access to Advisor Services, ETFs, Funds, ISA, SIPP, Share Trading and Bonds - Government (Gilts). Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Is Hargreaves Lansdown or Saxo Markets better for research?

Research helps traders analyze potential investments, examine market sentiment, and learn about companies on a high-level. 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: Hargreaves Lansdown or Saxo Markets?

To compare the trading platforms of both Hargreaves Lansdown and Saxo Markets, we tested each broker's trading tools. Overall, Saxo Markets offers a better experience. Looking at charting, Hargreaves Lansdown trails Saxo Markets by 16 total charting tools, with Saxo Markets offering 17 and Hargreaves Lansdown offering 1. Saxo Markets boasts an offering of 49 different indicators (for example, moving averages) compared to Hargreaves Lansdown's 26 available indicators.

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