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Saxo Markets vs IG 2020

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Is IG better than Saxo Markets? After scoring the best share dealing accounts across 46 different variables, Saxo Markets is better than IG. 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.

Low-cost US and UK shares. Foreign exchange fee of just 0.5% Visit Site
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Overall Rating

Feature Saxo Markets IG
Overall 5 4.5
Saxo Markets Review IG Review

Trading Fees

Feature Saxo Markets IG
Share Trading: 0-9 Deals/ Month
0.10% (£8 min) £3 to £8
Share Trading: 10-19 Deals/ Month
0.10% (£8 min) £3.00
Share Trading: 20+ Deals/ Month
0.10% (£8 min) £3.00
Annual Custody Fee: £0 - £250,000
0.12% (min. €120 or £ equivalent) £96 (can reduce by trading)
Bonds - Government (Gilts) - Fee
0.20% (min. £80) N/A
ETFs - Fee
0.10% (£8 min) £8.00
Investment Trusts - Fee
0.10% (£8 min) £8.00
Telephone Dealing Fee
£50.00 £40.00
Commissions & Fees 3.5 4.5
Winner check_circle

Platforms & Tools

Feature Saxo Markets IG
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
iPhone App
Yes Yes
Android App
Yes Yes
Stock Alerts
Yes Yes
Charting - Indicators / Studies
58 30
Charting - Drawing Tools
20 19
Charting - Notes
Yes Yes
Charting - Display Corporate Events
No Yes
Charting - Stock Overlays
Yes Yes
Platform & Tools 5 4.5
Winner check_circle

Research

Feature Saxo Markets IG
Research - Shares
Yes Yes
Research - CFDs
Yes Yes
Research - Funds
Yes Yes
Fund Research - Research Reports
No No
Research - ETFs
Yes Yes
Research - Bonds
Yes No
Portfolio Allocation Breakdown
Yes No
Research 4.5 4
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Investments

Feature Saxo Markets IG
Share Trading
Yes Yes
CFD Trading
Yes Yes
Funds
Yes Yes
ETFs
Yes Yes
Bonds - Corporate
Yes No
Bonds - Government (Gilts)
Yes No
Investment Trusts
Yes Yes
Spread Betting
No Yes
Advisor Services
No No
Offering of Investments 4.5 4
Winner check_circle

Education

Feature Saxo Markets IG
Has Education - Share Trading
Yes Yes
Has Education - Funds
No No
Has Education - Retirement
No No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes Yes
Education 3.5 4

Overall

Feature Saxo Markets IG
Saxo Markets Review IG Review
Overall 5 4.5
Winner check_circle

For our 2020 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare IG vs Saxo Markets.

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, IG 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.

1 Trade Per Month - IG is cheaper. IG would only cost £96 each year while Saxo Markets would cost £204.

3 Trades Per Month - IG is less expensive under this scenario. IG would cost £108 per year while Saxo Markets would cost £396.

10 Trades Per Month - IG is the better choice. Annual fees with IG would total £360, while annual fees with Saxo Markets would be £1068.

20 Trades Per Month - IG costs less in this scenario. Total annual costs with IG would equal £720, while Saxo Markets would equal £2028.

Which broker offers a wider range of investment options?

Saxo Markets offers a more diverse selection of investment options than IG. Saxo Markets offers investors access to 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.

Which platform offers better research?

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

Which trading platform is better?

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

Overall, between IG and Saxo Markets, Saxo Markets is the winner.

IG Review
Saxo Markets Review

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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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