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Saxo Markets vs Hargreaves Lansdown 2020

Your capital is at risk.
Is Hargreaves Lansdown better than Saxo Markets? After scoring UK share dealing accounts on over 40 different variables, 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. While Saxo Markets trails discount competitors in pricing, overall, it is our top broker for share dealing in 2020.

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
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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.

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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