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IG vs Saxo Markets 2020

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Is IG better than Saxo Markets? After scoring the best share dealing accounts across 46 different variables, IG is better than Saxo Markets. Depending on trading frequency, IG can quickly become one of the cheapest share dealing options available, offering trades that range between £3 - £8 for UK markets, and £0 - £10 for U.S. markets. Our testing found that IG, our top broker for share dealing in 2020, excels with its trading platform, featuring excellent charting, screening, and technical analysis features.

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Overall Rating

Feature IG Saxo Markets
Overall 4.5 4.5
Commissions & Fees 4.5 3
Offering of Investments 4.5 5
Platform & Tools 4.5 5
Research 4 4.5
Education 4 3.5
IG Review Saxo Markets Review
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Trading Fees

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

Platforms & Tools

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

Research

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

Investments

Feature IG Saxo Markets
Share Trading
Yes Yes
CFD Trading
Yes Yes
Funds
Yes Yes
ETFs
Yes Yes
Bonds - Corporate
No Yes
Bonds - Government (Gilts)
No Yes
Investment Trusts
Yes Yes
Spread Betting
Yes No
Advisor Services
No No

Education

Feature IG Saxo Markets
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

Overall

Feature IG Saxo Markets
Overall 4.5 4.5
Commissions & Fees 4.5 3
Offering of Investments 4.5 5
Platform & Tools 4.5 5
Research 4 4.5
Education 4 3.5
IG Review Saxo Markets Review
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, IG 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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