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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