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Saxo Markets vs IG 2020

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Is IG better than Saxo Markets? After scoring UK share dealing accounts on over 40 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. £72) 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
49 30
Charting - Drawing Tools
17 19
Charting - Notes
Yes Yes
Charting - Display Corporate Events
No Yes
Charting - Stock Overlays
Yes Yes
Platform & Tools 5 4.5
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Research

Feature Saxo Markets IG
Research - Shares
Yes Yes
Research - CFDs
Yes No
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
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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
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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 IG vs Saxo Markets.

Which broker is cheaper: IG 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. IG received a rating of 4.50 stars over Saxo Markets's 3.50 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 - IG only charges £96 while Saxo Markets charges £204.

3 Trades Per Month - IG is cheaper under this scenario. IG would cost £108 while Saxo Markets would cost £396.

10 Trades Per Month - IG is the cheaper option. Fees with IG would be £360 while fees with Saxo Markets would be £1068.

20 Trades Per Month - IG costs less in this case. IG charges £720 while Saxo Markets charges £2028.

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 IG charges £96 (can reduce by trading).

Does IG or Saxo Markets offer 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.

Is IG 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 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: IG or Saxo Markets?

To compare the trading platforms of both IG and Saxo Markets, we tested each broker's trading tools. Overall, Saxo Markets offers a better experience. Looking at charting, IG boasts an offering of 19 charting tools compared to Saxo Markets's 17 available charting tools. IG trails Saxo Markets by 19 total different indicators (for example, moving averages), with Saxo Markets offering 49 and IG offering 30.

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

IG 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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