To find a right broker for share dealing
, we spent seven months and hundreds of hours of assessing 12 different share dealing brokers based in the UK. Here, we will focus on two brokers and compare Interactive Investor vs Saxo Capital Markets.
Our comparison begins with the fees charged for dealing shares in the UK and being a client. The two main charges to focus on include the cost to place each trade alongside the monthly, quarterly, or annual management fee charged (varies depending on the type and size of your portfolio). We researched both to provide a single star rating for cost. Interactive Investor received a rating of 4.00 stars over Saxo Capital Markets's 3.50 stars.
Account charges aside, we can now compare features and tools investors want in their share dealing accounts. Access to the investments is important, and Saxo Capital Markets supports ISA and SIPP while Interactive Investor supports ISA, ISA - Junior, SIPP and Spread Betting. Also, some investors require a high-quality charting experience, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. Saxo Capital Markets offers its clients access to 17 charting tools while Interactive Investor has 0 charting tools, a difference of 17. Saxo Capital Markets boasts an offering of 48 different indicators (for example, moving averages) compared to Interactive Investor's 11 available indicators. Interactive Investor and Saxo Capital Markets both offer basic stock alerts. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Interactive Investor offers fund research reports while Saxo Capital Markets does not.
Overall, between Interactive Investor and Saxo Capital Markets, Saxo Capital Markets is the winner
Interactive Investor Review
Saxo Capital Markets Review