Written by StockBrokers.com
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.
| Overall Rating | Saxo Markets | Hargreaves Lansdown | Fineco Bank |
|---|---|---|---|
| Overall Rating | |||
| Commissions & Fees | |||
| Offering of Investments | |||
| Mobile Trading | |||
| Platforms & Tools | |||
| Research | |||
| Ease of Use | |||
| Education | |||
| Review | Saxo Markets Review | Hargreaves Lansdown Review | Fineco Bank Review |
| Winner | check_circle |
| Investments | Saxo Markets | Hargreaves Lansdown | Fineco Bank |
|---|---|---|---|
| ISA | Yes | Yes | Yes |
| SIPP | Yes | Yes | No |
| Share Trading | Yes | Yes | Yes |
| CFD Trading | Yes | No | Yes |
| Funds | Yes | Yes | Yes |
| ETFs | Yes | Yes | Yes |
| Bonds - Corporate | Yes | Yes | Yes |
| Bonds - Government (Gilts) | Yes | Yes | Yes |
| Investment Trusts | Yes | Yes | No |
| Spread Betting | No | No | No |
| Crypto Trading | No | No | No |
| Advisor Services | No | Yes | No |
| Trading Fees | Saxo Markets | Hargreaves Lansdown | Fineco Bank |
|---|---|---|---|
| Minimum Deposit | £500.0 | £1.0 | £0.0 |
| Share Trading: 0-9 Deals/ Month | 0.10% (£8 min) | £11.95 | £2.95 |
| Share Trading: 10-19 Deals/ Month | 0.10% (£8 min) | £8.95 | £2.95 |
| Share Trading: 20+ Deals/ Month | 0.10% (£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 - £250,000 | 0.12% (min. €120 or £ equivalent) | 0.45% | 0.25% |
| Annual Custody Fee: £250K-£500K | 0.12% (min. €120 or £ equivalent) | 0.25% | 0.15% |
| Annual Custody Fee: £500,000 - £1m | 0.12% (min. €120 or £ equivalent) | 0.25% | 0.15% |
| Annual Custody Fee: £1m and over | 0.12% (min. €120 or £ equivalent) | 0.10% | 0.05% |
| Bonds - Corporate - Fee | 0.20% (min. EUR20) | 1% (20-50) or £11.95 | £6.95 |
| Bonds - Government (Gilts) - Fee | 0.20% (min. EUR20) | 1% £20 minimum | £6.95 |
| ETFs - Fee | 0.10% (£8 min) | £11.95 | £2.95 |
| Investment Trusts - Fee | 0.10% (£8 min) | £11.95 | N/A |
| Telephone Dealing Fee | £50 | 1% of the trade value, mininmum £20 maximum £50 | N/A |
| Platforms & Tools | Saxo Markets | Hargreaves Lansdown | Fineco Bank |
|---|---|---|---|
| Web Platform | Yes | Yes | Yes |
| iPhone App | Yes | Yes | Yes |
| Android App | Yes | Yes | Yes |
| Stock Alerts | Yes | Yes | Yes |
| Charting - Indicators / Studies | 62 | 20 | 22 |
| Charting - Drawing Tools | 20 | 1 | 3 |
| Charting - Notes | Yes | No | No |
| Charting - Display Corporate Events | No | Yes | Yes |
| Charting - Stock Overlays | Yes | Yes | Yes |
| Charting - Index Overlays | Yes | Yes | Yes |
| Research | Saxo Markets | Hargreaves Lansdown | Fineco Bank |
|---|---|---|---|
| Research - Shares | Yes | No | Yes |
| Research - CFDs | Yes | No | No |
| Research - Funds | Yes | Yes | Yes |
| Fund Research - Research Reports | No | Yes | No |
| Research - ETFs | Yes | Yes | Yes |
| Research - Bonds | Yes | Yes | Yes |
| Portfolio Allocation Breakdown | Yes | Yes | Yes |
| Education | Saxo Markets | Hargreaves Lansdown | Fineco Bank |
|---|---|---|---|
| Has Education - Share Trading | Yes | Yes | No |
| Has Education - Funds | No | Yes | No |
| Has Education - Retirement | No | Yes | No |
| Client Webinars | Yes | Yes | Yes |
| Client Webinars (Archived) | Yes | No | Yes |
| Overall Summary | Saxo Markets | Hargreaves Lansdown | Fineco Bank |
|---|---|---|---|
| Overall Rating | |||
| Commissions & Fees | |||
| Offering of Investments | |||
| Mobile Trading | |||
| Platforms & Tools | |||
| Research | |||
| Ease of Use | |||
| Education | |||
| Review | Saxo Markets Review | Hargreaves Lansdown Review | Fineco Bank Review |
| Winner | check_circle |
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.
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.
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.
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.
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
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