Stockbrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure

IG vs Saxo Markets 2020

Your capital is at risk.
Is IG better than Saxo Markets? After scoring UK share dealing accounts on over 40 different variables, Saxo Markets is better than IG. Saxo Markets offers UK residents an excellent share dealing experience by combining the brilliant SaxoTraderGO web platform with over 30,000 international products to trade across 36 international exchanges. While Saxo Markets trails discount competitors in pricing, overall, it is our top broker for share dealing in 2019.
Low-cost US and UK shares. Foreign exchange fee of just 0.5% Visit Site
Visit Site

Overall Rating

Feature IG Saxo Markets
Overall 4.5 5
IG Review Saxo Markets Review

Trading Fees

Feature IG Saxo Markets
Share Trading: 0-9 Deals/ Month
£8.00 0.10% (£8 min)
Share Trading: 10-19 Deals/ Month
£5.00 0.10% (£8 min)
Share Trading: 20+ Deals/ Month
£5.00 0.10% (£8 min)
Annual Custody Fee: £0 - £250,000*
£96.00 0.12% (min. €120 or £ equivalent)
Bonds - Government (Gilts) - Fee
N/A 0.20% (min. £72)
ETFs - Fee
£8.00 0.10% (£8 min)
Investment Trusts - Fee
£8.00 0.10% (£8 min)
Telephone Dealing Fee*
£40.00 £50.00
Commissions & Fees 4.5 3.5
Winner check_circle

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
28 49
Charting - Drawing Tools
19 17
Charting - Notes
Yes Yes
Charting - Display Corporate Events
Yes No
Charting - Stock Overlays
Yes Yes
Platform & Tools 4.5 5
Winner check_circle

Research

Feature IG Saxo Markets
Research - Shares
Yes Yes
Research - CFDs
No Yes
Research - Funds
Yes Yes
Fund Research - Research Reports
No No
Research - ETFs
Yes Yes
Research - Bonds
No Yes
Portfolio Allocation Breakdown
No Yes
Research 4 4.5
Winner check_circle

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
Offering of Investments 4 4.5
Winner check_circle

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
Education 4 3.5

Overall

Feature IG Saxo Markets
IG Review Saxo Markets Review
Overall 4.5 5
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.

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.

arrow_drop_upBack to top