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Saxo Markets vs Interactive Investor 2020
Your capital is at risk.
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Overall Rating
| Feature | Saxo Markets | Interactive Investor |
| Overall | ||
| Saxo Markets Review | Interactive Investor Review |
Trading Fees
| Feature | Saxo Markets | Interactive Investor |
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Share Trading: 0-9 Deals/ Month |
0.10% (£8 min) | £7.99 |
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Share Trading: 10-19 Deals/ Month |
0.10% (£8 min) | £3.99 |
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Share Trading: 20+ Deals/ Month |
0.10% (£8 min) | £3.99 |
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Annual Custody Fee: £0 - £250,000* |
0.12% (min. €120 or £ equivalent) | £119.88 |
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Bonds - Government (Gilts) - Fee |
0.20% (min. £72) | £40.00 |
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ETFs - Fee |
0.10% (£8 min) | £7.99 |
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Investment Trusts - Fee |
0.10% (£8 min) | £7.99 |
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Telephone Dealing Fee* |
£50.00 | £49.00 |
| Commissions & Fees | ||
| Winner | check_circle |
Platforms & Tools
| Feature | Saxo Markets | Interactive Investor |
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Desktop Platform (Windows) |
Yes | No |
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Web Platform |
Yes | Yes |
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iPhone App |
Yes | Yes |
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Android App |
Yes | Yes |
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Stock Alerts |
Yes | Yes |
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Charting - Indicators / Studies |
49 | 11 |
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Charting - Drawing Tools |
17 | 0 |
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Charting - Notes |
Yes | No |
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Charting - Display Corporate Events |
No | No |
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Charting - Stock Overlays |
Yes | Yes |
| Platform & Tools | ||
| Winner | check_circle |
Research
| Feature | Saxo Markets | Interactive Investor |
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Research - Shares |
Yes | Yes |
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Research - CFDs |
Yes | Yes |
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Research - Funds |
Yes | Yes |
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Fund Research - Research Reports |
No | Yes |
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Research - ETFs |
Yes | Yes |
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Research - Bonds |
Yes | Yes |
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Portfolio Allocation Breakdown |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Investments
| Feature | Saxo Markets | Interactive Investor |
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Share Trading |
Yes | Yes |
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CFD Trading |
Yes | Yes |
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Funds |
Yes | Yes |
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ETFs |
Yes | Yes |
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Bonds - Corporate |
Yes | Yes |
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Bonds - Government (Gilts) |
Yes | Yes |
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Investment Trusts |
Yes | Yes |
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Spread Betting |
No | Yes |
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Advisor Services |
No | No |
| Offering of Investments | ||
| Winner | check_circle |
Education
| Feature | Saxo Markets | Interactive Investor |
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Has Education - Share Trading |
Yes | No |
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Has Education - Funds |
No | No |
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Has Education - Retirement |
No | No |
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Client Webinars |
Yes | No |
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Client Webinars (Archived) |
Yes | No |
| Education |
Overall
| Feature | Saxo Markets | Interactive Investor |
| Saxo Markets Review | Interactive Investor Review | |
| Overall | ||
| Winner | check_circle |
First, we will compare the fees charged for dealing in the UK. There are two primary fees: the cost to place each trade and the monthly, quarterly, or annual management fee charged which varies depending on the type and size of your portfolio. We researched both to provide a single star rating for cost. Interactive Investor's score is 4.50 stars versus Saxo Markets's 3.50 stars.
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 - 12 trades per year, or 1 trade per month. Saxo Markets charges £204 and Interactive Investor charges £119.8.
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 Interactive Investor would be £287.76.
Scenario 3 - 10 trades per month, for a total of 120 trades per year. Interactive Investor would charge £622.92 while Saxo Markets would charge £1068.
Scenario 4 - 20 trades per month, for a total of 240 trades per year. Saxo Markets would charge £2028 while Interactive Investor would charge £1101.72.
Cost aside, we can now compare popular features and tools investors prefer. Access to the investments you want is important, and Saxo Markets provides its clients with ISA and SIPP while Interactive Investor provides clients access to ISA, ISA - Junior, SIPP and Spread Betting. Next, some traders desire robust charting, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. Saxo Markets offers its clients access to 17 charting tools while Interactive Investor has 0 charting tools, a difference of 17. Saxo Markets offers its clients access to 49 different indicators (for example, volume) while Interactive Investor has 11 available indicators, a difference of 38. Both Interactive Investor and Saxo Markets offer basic stock alerts. Finally, for researching funds while share dealing, having access to mutual fund research reports is also helpful. Interactive Investor makes fund research reports available to clients, while Saxo Markets does not.
Overall, between Interactive Investor and Saxo Markets, Saxo Markets is the winner.
Interactive Investor 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.
