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IG vs Saxo Markets 2020
Your capital is at risk.
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Low-cost US and UK shares. Foreign exchange fee of just 0.5% Visit Site
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Overall Rating
| Feature | IG | Saxo Markets |
| Overall | ||
| IG Review | Saxo Markets Review |
Trading Fees
| Feature | IG | Saxo Markets |
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Share Trading: 0-9 Deals/ Month |
£8.00 | 0.10% (£8 min) |
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Share Trading: 10-19 Deals/ Month |
£5.00 | 0.10% (£8 min) |
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Share Trading: 20+ Deals/ Month |
£5.00 | 0.10% (£8 min) |
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Annual Custody Fee: £0 - £250,000* |
£96.00 | 0.12% (min. €120 or £ equivalent) |
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Bonds - Government (Gilts) - Fee |
N/A | 0.20% (min. £72) |
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ETFs - Fee |
£8.00 | 0.10% (£8 min) |
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Investment Trusts - Fee |
£8.00 | 0.10% (£8 min) |
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Telephone Dealing Fee* |
£40.00 | £50.00 |
| Commissions & Fees | ||
| Winner | check_circle |
Platforms & Tools
| Feature | IG | Saxo Markets |
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Desktop Platform (Windows) |
Yes | Yes |
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Web Platform |
Yes | Yes |
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iPhone App |
Yes | Yes |
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Android App |
Yes | Yes |
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Stock Alerts |
Yes | Yes |
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Charting - Indicators / Studies |
28 | 49 |
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Charting - Drawing Tools |
19 | 17 |
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Charting - Notes |
Yes | Yes |
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Charting - Display Corporate Events |
Yes | No |
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Charting - Stock Overlays |
Yes | Yes |
| Platform & Tools | ||
| Winner | check_circle |
Research
| Feature | IG | Saxo Markets |
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Research - Shares |
Yes | Yes |
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Research - CFDs |
No | Yes |
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Research - Funds |
Yes | Yes |
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Fund Research - Research Reports |
No | No |
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Research - ETFs |
Yes | Yes |
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Research - Bonds |
No | Yes |
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Portfolio Allocation Breakdown |
No | Yes |
| Research | ||
| Winner | check_circle |
Investments
| Feature | IG | Saxo Markets |
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Share Trading |
Yes | Yes |
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CFD Trading |
Yes | Yes |
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Funds |
Yes | Yes |
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ETFs |
Yes | Yes |
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Bonds - Corporate |
No | Yes |
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Bonds - Government (Gilts) |
No | Yes |
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Investment Trusts |
Yes | Yes |
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Spread Betting |
Yes | No |
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Advisor Services |
No | No |
| Offering of Investments | ||
| Winner | check_circle |
Education
| Feature | IG | Saxo Markets |
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Has Education - Share Trading |
Yes | Yes |
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Has Education - Funds |
No | No |
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Has Education - Retirement |
No | No |
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Client Webinars |
Yes | Yes |
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Client Webinars (Archived) |
Yes | Yes |
| Education |
Overall
| Feature | IG | Saxo Markets |
| IG Review | Saxo Markets Review | |
| Overall | ||
| Winner | check_circle |
To start this comparison, first, we will take a look at the fees charged for dealing in the UK. 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 is a better option with a 4.50 star rating over Saxo Markets's 3.50 star rating.
Further breaking down costs, we analyzed four different trading scenarios. For all four scenarios, we are assuming a £30,000 portfolio for custody fees.
Scenario 1 - 1 trade per month, for a total of 12 trades per year. IG would charge £96 while Saxo Markets would charge £204.
Scenario 2 - If you make 3 trades a month, or 36 per year, the fees with Saxo Markets wold be £396 and the fees with IG would be £288.
Scenario 3 - If you make 10 trades a month, or 120 per year, the fees with IG wold be £600 and the fees with Saxo Markets would be £1068.
Scenario 4 - If you make 20 trades a month, or 240 per year, the fees with Saxo Markets wold be £2028 and the fees with IG would be £1200.
Cost aside, we can now turn our focus to popular tools and features investors prefer in the UK. Account access is certainly at the top of the list, and Saxo Markets supports ISA and SIPP while IG supports ISA, SIPP and Spread Betting. Looking at charting, the number of drawing tools and total technical indicators made available are important as well as stock alerts. IG offers its clients access to 19 charting tools while Saxo Markets has 17 charting tools, a difference of 2. Saxo Markets offers its clients access to 49 different indicators (for example, volume) while IG has 28 available indicators, a difference of 21. IG and Saxo Markets both offer basic stock alerts. Finally, for conducting research while share dealing, having access to mutual fund research reports is also helpful. Neither IG and Saxo Markets offer fund research reports.
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.
