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Saxo Markets vs IG 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 | Saxo Markets | IG |
| Overall | ||
| Saxo Markets Review | IG Review |
Trading Fees
| Feature | Saxo Markets | IG |
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Share Trading: 0-9 Deals/ Month |
0.10% (£8 min) | £3 to £8 |
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Share Trading: 10-19 Deals/ Month |
0.10% (£8 min) | £3.00 |
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Share Trading: 20+ Deals/ Month |
0.10% (£8 min) | £3.00 |
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Annual Custody Fee: £0 - £250,000* |
0.12% (min. €120 or £ equivalent) | £96 (can reduce by trading) |
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Bonds - Government (Gilts) - Fee |
0.20% (min. £72) | N/A |
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ETFs - Fee |
0.10% (£8 min) | £8.00 |
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Investment Trusts - Fee |
0.10% (£8 min) | £8.00 |
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Telephone Dealing Fee* |
£50.00 | £40.00 |
| Commissions & Fees | ||
| Winner | check_circle |
Platforms & Tools
| Feature | Saxo Markets | IG |
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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 |
49 | 30 |
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Charting - Drawing Tools |
17 | 19 |
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Charting - Notes |
Yes | Yes |
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Charting - Display Corporate Events |
No | Yes |
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Charting - Stock Overlays |
Yes | Yes |
| Platform & Tools | ||
| Winner | check_circle |
Research
| Feature | Saxo Markets | IG |
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Research - Shares |
Yes | Yes |
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Research - CFDs |
Yes | No |
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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 |
Yes | No |
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Portfolio Allocation Breakdown |
Yes | No |
| Research | ||
| Winner | check_circle |
Investments
| Feature | Saxo Markets | IG |
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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 |
Yes | No |
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Bonds - Government (Gilts) |
Yes | No |
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Investment Trusts |
Yes | Yes |
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Spread Betting |
No | Yes |
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Advisor Services |
No | No |
| Offering of Investments | ||
| Winner | check_circle |
Education
| Feature | Saxo Markets | IG |
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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 | Saxo Markets | IG |
| Saxo Markets Review | IG Review | |
| Overall | ||
| Winner | check_circle |
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 ReviewSaxo 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.
