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IG vs Saxo Markets 2022

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

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.

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Overall RatingIGSaxo MarketsFineco Bank
Overall Rating5 Stars4.5 Stars4.5 Stars
Commissions & Fees4.5 Stars3 Stars5 Stars
Offering of Investments4.5 Stars5 Stars4 Stars
Mobile Trading4.5 Stars5 Stars4 Stars
Platforms & Tools4.5 Stars5 Stars3.5 Stars
Research4 Stars4.5 Stars3.5 Stars
Ease of Use5 Stars4.5 Stars3.5 Stars
Education5 Stars4 Stars3.5 Stars
ReviewIG ReviewSaxo Markets ReviewFineco Bank Review
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InvestmentsIGSaxo MarketsFineco Bank
ISAYesYesYes
SIPPYesYesNo
Share TradingYesYesYes
CFD TradingYesYesYes
FundsNoYesYes
ETFsYesYesYes
Bonds - CorporateNoYesYes
Bonds - Government (Gilts)NoYesYes
Investment TrustsYesYesNo
Spread BettingYesNoNo
Crypto TradingNoNoNo
Advisor ServicesNoNoNo
Trading FeesIGSaxo MarketsFineco Bank
Minimum Deposit£0.0£500.0£0.0
Share Trading: 0-9 Deals/ Month£3 to £80.10% (£8 min)£2.95
Share Trading: 10-19 Deals/ Month£30.10% (£8 min)£2.95
Share Trading: 20+ Deals/ Month£30.10% (£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£960.12% (min. €120 or £ equivalent)0.15%
Annual Custody Fee: £500,000 - £1m£960.12% (min. €120 or £ equivalent)0.15%
Annual Custody Fee: £1m and over£960.12% (min. €120 or £ equivalent)0.05%
Bonds - Corporate - FeeN/A0.20% (min. EUR20)£6.95
Bonds - Government (Gilts) - FeeN/A0.20% (min. EUR20)£6.95
ETFs - Fee£80.10% (£8 min)£2.95
Investment Trusts - Fee£80.10% (£8 min)N/A
Telephone Dealing Fee£40-£50£50N/A
Platforms & ToolsIGSaxo MarketsFineco Bank
Web PlatformYesYesYes
iPhone AppYesYesYes
Android AppYesYesYes
Stock AlertsYesYesYes
Charting - Indicators / Studies336222
Charting - Drawing Tools19203
Charting - NotesYesYesNo
Charting - Display Corporate EventsYesNoYes
Charting - Stock OverlaysYesYesYes
Charting - Index OverlaysYesYesYes
ResearchIGSaxo MarketsFineco Bank
Research - SharesYesYesYes
Research - CFDsYesYesNo
Research - FundsYesYesYes
Fund Research - Research ReportsNoNoNo
Research - ETFsYesYesYes
Research - BondsNoYesYes
Portfolio Allocation BreakdownNoYesYes
EducationIGSaxo MarketsFineco Bank
Has Education - Share TradingYesYesNo
Has Education - FundsYesNoNo
Has Education - RetirementYesNoNo
Client WebinarsYesYesYes
Client Webinars (Archived)YesYesYes
Overall SummaryIGSaxo MarketsFineco Bank
Overall Rating5 Stars4.5 Stars4.5 Stars
Commissions & Fees4.5 Stars3 Stars5 Stars
Offering of Investments4.5 Stars5 Stars4 Stars
Mobile Trading4.5 Stars5 Stars4 Stars
Platforms & Tools4.5 Stars5 Stars3.5 Stars
Research4 Stars4.5 Stars3.5 Stars
Ease of Use5 Stars4.5 Stars3.5 Stars
Education5 Stars4 Stars3.5 Stars
ReviewIG ReviewSaxo Markets ReviewFineco Bank Review
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IG vs Saxo Markets Comparison

For our 2022 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, 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.

Which broker offers a wider range of investment options?

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.

Which broker 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 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

Read Next: Best UK Trading Platforms 2022


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