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Saxo Markets vs Interactive Investor 2022

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is Saxo Markets better than Interactive Investor? After scoring the best share dealing accounts across 46 different variables, Interactive Brokers is better than Saxo Markets. Professional traders are brilliantly serviced with the tools and capabilities of Interactive Brokers. Less-experienced traders benefit from the low commissions and excellent research available in the web-based Client Portal platform.

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Overall RatingSaxo MarketsInteractive InvestorInteractive Brokers
Overall Rating4.5 Stars4 Stars4.5 Stars
Commissions & Fees3 Stars4 Stars4.5 Stars
Offering of Investments5 Stars4.5 Stars4.5 Stars
Mobile Trading5 Stars3 Stars4.5 Stars
Platforms & Tools5 Stars3 Stars4.5 Stars
Research4.5 Stars3.5 Stars5 Stars
Ease of Use4.5 Stars3.5 Stars4 Stars
Education4 Stars3.5 Stars3.5 Stars
ReviewSaxo Markets ReviewInteractive Investor ReviewInteractive Brokers Review
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InvestmentsSaxo MarketsInteractive InvestorInteractive Brokers
ISAYesYesYes
SIPPYesYesYes
Share TradingYesYesYes
CFD TradingYesNoYes
FundsYesYesYes
ETFsYesYesYes
Bonds - CorporateYesYesYes
Bonds - Government (Gilts)YesYesYes
Investment TrustsYesYesYes
Spread BettingNoNoYes
Crypto TradingNoNoYes
Advisor ServicesNoNoNo
Trading FeesSaxo MarketsInteractive InvestorInteractive Brokers
Minimum Deposit£500.0£0.0£0.0
Share Trading: 0-9 Deals/ Month0.10% (£8 min)£5.99 (Investor Plan)£3
Share Trading: 10-19 Deals/ Month0.10% (£8 min)£3.99 (Super Investor Plan)£3
Share Trading: 20+ Deals/ Month0.10% (£8 min)£3.99 (Super Investor Plan)£3
5 trades per year (£30k portfolio)£142£119.88£15
12 trades per year (£30k portfolio)£198£119.88£36
36 trades per year (£30k portfolio)£390£263.64 (investor) 287.76 (super investor)£108
120 trades per year (£30k portfolio)£1062£766.8 (investor) 622.92 (super investor)£360
3 fund trades per year (£30k portfolio)£126£119.88£24.75
Annual Custody Fee: £0 - £250,0000.12% (min. €120 or £ equivalent)£119.88 (Investor Plan - £9.99 monthly)0%
Annual Custody Fee: £250K-£500K0.12% (min. €120 or £ equivalent)£119.880%
Annual Custody Fee: £500,000 - £1m0.12% (min. €120 or £ equivalent)£119.880%
Annual Custody Fee: £1m and over0.12% (min. €120 or £ equivalent)£119.880%
Bonds - Corporate - Fee0.20% (min. EUR20)£40 (when trade value is above £100,000)0.1% (for <10,000 EUR) 0.025% (for >10,000 EUR)
Bonds - Government (Gilts) - Fee0.20% (min. EUR20)£40 (when trade value is above £100,000)0.1% (2 euro min)
ETFs - Fee0.10% (£8 min)£5.99 (Investor Plan)£3
Investment Trusts - Fee0.10% (£8 min)£5.99 (Investor Plan)£4.95
Telephone Dealing Fee£50£4930 USD
Platforms & ToolsSaxo MarketsInteractive InvestorInteractive Brokers
Web PlatformYesYesYes
iPhone AppYesYesYes
Android AppYesYesYes
Stock AlertsYesYesYes
Charting - Indicators / Studies6210498
Charting - Drawing Tools201684
Charting - NotesYesNoYes
Charting - Display Corporate EventsNoYesYes
Charting - Stock OverlaysYesYesYes
Charting - Index OverlaysYesYesYes
ResearchSaxo MarketsInteractive InvestorInteractive Brokers
Research - SharesYesYesYes
Research - CFDsYesNoYes
Research - FundsYesYesYes
Fund Research - Research ReportsNoYesNo
Research - ETFsYesYesYes
Research - BondsYesNoYes
Portfolio Allocation BreakdownYesYesYes
EducationSaxo MarketsInteractive InvestorInteractive Brokers
Has Education - Share TradingYesYesYes
Has Education - FundsNoYesNo
Has Education - RetirementNoYesYes
Client WebinarsYesNoYes
Client Webinars (Archived)YesNoYes
Overall SummarySaxo MarketsInteractive InvestorInteractive Brokers
Overall Rating4.5 Stars4 Stars4.5 Stars
Commissions & Fees3 Stars4 Stars4.5 Stars
Offering of Investments5 Stars4.5 Stars4.5 Stars
Mobile Trading5 Stars3 Stars4.5 Stars
Platforms & Tools5 Stars3 Stars4.5 Stars
Research4.5 Stars3.5 Stars5 Stars
Ease of Use4.5 Stars3.5 Stars4 Stars
Education4 Stars3.5 Stars3.5 Stars
ReviewSaxo Markets ReviewInteractive Investor ReviewInteractive Brokers Review
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Saxo Markets vs Interactive Investor Comparison

For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Saxo Markets vs Interactive Investor.

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, Interactive Brokers offers better pricing than Interactive Investor 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 - Saxo Markets would cost £142 per year, while Interactive Investor would cost £119.88 per year.

12 trades per year - Saxo Markets would cost £198 per year, while Interactive Investor would cost £119.88 per year.

36 trades per year - Saxo Markets would cost £390 per year, while Interactive Investor would cost £263.64 (investor) 287.76 (super investor) per year.

120 trades per year - Saxo Markets would cost £1062 per year, while Interactive Investor would cost £766.8 (investor) 622.92 (super investor) per year.

3 fund trades per year - Saxo Markets would cost £126 per year, while Interactive Investor would cost £119.88 per year.

Which broker offers a wider range of investment options?

Saxo Markets offers investors access to ISA, SIPP, Share Trading, CFD Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts, while Interactive Investor offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts, neither have Spread Betting, 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 Interactive Brokers is better for research than Saxo Markets. Interactive Brokers offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better?

To compare the trading platforms of both Saxo Markets and Interactive Investor, 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: Interactive Brokers

Read Next: Best UK Trading Platforms 2022


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