Written by StockBrokers.com
Is IG better than Saxo Markets? After scoring the best share dealing accounts across 46 different variables, IG is better than Fineco Bank. IG stands out as a top U.K. broker, thanks largely to its excellent online trading platform. Strong functionality comes with industry-standard commission rates and fees, a huge variety of trading tools, and user-friendly mobile apps.
| Overall Rating | IG | Saxo Markets | Fineco Bank |
|---|---|---|---|
| Overall Rating | |||
| Commissions & Fees | |||
| Offering of Investments | |||
| Mobile Trading | |||
| Platforms & Tools | |||
| Research | |||
| Ease of Use | |||
| Education | |||
| Review | IG Review | Saxo Markets Review | Fineco Bank Review |
| Winner | check_circle |
| Investments | IG | Saxo Markets | Fineco Bank |
|---|---|---|---|
| ISA | Yes | Yes | Yes |
| SIPP | Yes | Yes | No |
| Share Trading | Yes | Yes | Yes |
| CFD Trading | Yes | Yes | Yes |
| Funds | No | Yes | Yes |
| ETFs | Yes | Yes | Yes |
| Bonds - Corporate | No | Yes | Yes |
| Bonds - Government (Gilts) | No | Yes | Yes |
| Investment Trusts | Yes | Yes | No |
| Spread Betting | Yes | No | No |
| Crypto Trading | No | No | No |
| Advisor Services | No | No | No |
| Trading Fees | IG | Saxo Markets | Fineco Bank |
|---|---|---|---|
| Minimum Deposit | £0.0 | £500.0 | £0.0 |
| Share Trading: 0-9 Deals/ Month | £3 to £8 | 0.10% (£8 min) | £2.95 |
| Share Trading: 10-19 Deals/ Month | £3 | 0.10% (£8 min) | £2.95 |
| Share Trading: 20+ Deals/ Month | £3 | 0.10% (£8 min) | £2.95 |
| 5 trades per year (£30k portfolio) | £30-£40 | £142 | £75 |
| 12 trades per year (£30k portfolio) | £96 | £198 | £35.4 |
| 36 trades per year (£30k portfolio) | £108 | £390 | £106.2 |
| 120 trades per year (£30k portfolio) | £360 | £1062 | £354 |
| 3 fund trades per year (£30k portfolio) | £24 | £126 | £14.75 |
| Annual Custody Fee: £0 - £250,000 | £96 (can reduce by trading) | 0.12% (min. €120 or £ equivalent) | 0.25% |
| Annual Custody Fee: £250K-£500K | £96 | 0.12% (min. €120 or £ equivalent) | 0.15% |
| Annual Custody Fee: £500,000 - £1m | £96 | 0.12% (min. €120 or £ equivalent) | 0.15% |
| Annual Custody Fee: £1m and over | £96 | 0.12% (min. €120 or £ equivalent) | 0.05% |
| Bonds - Corporate - Fee | N/A | 0.20% (min. EUR20) | £6.95 |
| Bonds - Government (Gilts) - Fee | N/A | 0.20% (min. EUR20) | £6.95 |
| ETFs - Fee | £8 | 0.10% (£8 min) | £2.95 |
| Investment Trusts - Fee | £8 | 0.10% (£8 min) | N/A |
| Telephone Dealing Fee | £40-£50 | £50 | N/A |
| Platforms & Tools | IG | Saxo Markets | Fineco Bank |
|---|---|---|---|
| Web Platform | Yes | Yes | Yes |
| iPhone App | Yes | Yes | Yes |
| Android App | Yes | Yes | Yes |
| Stock Alerts | Yes | Yes | Yes |
| Charting - Indicators / Studies | 33 | 62 | 22 |
| Charting - Drawing Tools | 19 | 20 | 3 |
| Charting - Notes | Yes | Yes | No |
| Charting - Display Corporate Events | Yes | No | Yes |
| Charting - Stock Overlays | Yes | Yes | Yes |
| Charting - Index Overlays | Yes | Yes | Yes |
| Research | IG | Saxo Markets | Fineco Bank |
|---|---|---|---|
| Research - Shares | Yes | Yes | Yes |
| Research - CFDs | Yes | Yes | No |
| Research - Funds | Yes | Yes | Yes |
| Fund Research - Research Reports | No | No | No |
| Research - ETFs | Yes | Yes | Yes |
| Research - Bonds | No | Yes | Yes |
| Portfolio Allocation Breakdown | No | Yes | Yes |
| Education | IG | Saxo Markets | Fineco Bank |
|---|---|---|---|
| Has Education - Share Trading | Yes | Yes | No |
| Has Education - Funds | Yes | No | No |
| Has Education - Retirement | Yes | No | No |
| Client Webinars | Yes | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes | Yes |
| Overall Summary | IG | Saxo Markets | Fineco Bank |
|---|---|---|---|
| Overall Rating | |||
| Commissions & Fees | |||
| Offering of Investments | |||
| Mobile Trading | |||
| Platforms & Tools | |||
| Research | |||
| Ease of Use | |||
| Education | |||
| Review | IG Review | Saxo Markets Review | Fineco Bank Review |
| Winner | check_circle |
For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare IG vs Saxo Markets.
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, Fineco Bank offers better pricing than IG 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.
5 trades per year - IG would cost £30-£40 per year, while Saxo Markets would cost £142 per year.
12 trades per year - IG would cost £96 per year, while Saxo Markets would cost £198 per year.
36 trades per year - IG would cost £108 per year, while Saxo Markets would cost £390 per year.
120 trades per year - IG would cost £360 per year, while Saxo Markets would cost £1062 per year.
3 fund trades per year - IG would cost £24 per year, while Saxo Markets would cost £126 per year.
IG offers investors access to ISA, SIPP, Share Trading, CFD Trading, ETFs, Investment Trusts and Spread Betting, while Saxo Markets offers investors access to ISA, SIPP, Share Trading, CFD Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts, neither have Crypto Trading and Advisor Services. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.
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.
To compare the trading platforms of both IG and Saxo Markets, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, Saxo Markets offers a better share dealing platform and Saxo Markets offers a better stock app for mobile trading.
Overall winner: IG
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