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Saxo Markets vs Interactive Investor 2020

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Is Interactive Investor better than Saxo Markets? After scoring the best share dealing accounts across 46 different variables, Saxo Markets is better than Interactive Investor. 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. While Saxo Markets trails discount competitors in pricing, overall, it is our top broker for share dealing in 2020.

Overall Rating

Feature Saxo Markets Interactive Investor
Overall 4.5 4
Commissions & Fees 3 4
Offering of Investments 5 4.5
Platform & Tools 5 3.5
Research 4.5 4
Education 3.5 3.5
Saxo Markets Review Interactive Investor Review
Winner check_circle

Trading Fees

Feature Saxo Markets Interactive Investor
Share Trading: 0-9 Deals/ Month
0.10% (£8 min) £7.99 (Investor Plan)
Share Trading: 10-19 Deals/ Month
0.10% (£8 min) £3.99 (Super Investor Plan)
Share Trading: 20+ Deals/ Month
0.10% (£8 min) £3.99 (Super Investor Plan)
Annual Custody Fee: £0 - £250,000
0.12% (min. €120 or £ equivalent) £119.88 (Investor Plan - £9.99 monthly)
Bonds - Government (Gilts) - Fee
0.20% (min. £80) £40 (when trade value is above £100,000)
ETFs - Fee
0.10% (£8 min) £7.99 (Investor Plan)
Investment Trusts - Fee
0.10% (£8 min) £7.99 (Investor Plan)
Telephone Dealing Fee
£50.00 £49.00

Platforms & Tools

Feature Saxo Markets Interactive Investor
Desktop Platform (Windows)
Yes No
Web Platform
Yes Yes
iPhone App
Yes Yes
Android App
Yes Yes
Stock Alerts
Yes Yes
Charting - Indicators / Studies
58 11
Charting - Drawing Tools
20 0
Charting - Notes
Yes No
Charting - Display Corporate Events
No Yes
Charting - Stock Overlays
Yes Yes

Research

Feature Saxo Markets Interactive Investor
Research - Shares
Yes Yes
Research - CFDs
Yes No
Research - Funds
Yes Yes
Fund Research - Research Reports
No Yes
Research - ETFs
Yes Yes
Research - Bonds
Yes No
Portfolio Allocation Breakdown
Yes Yes

Investments

Feature Saxo Markets Interactive Investor
Share Trading
Yes Yes
CFD Trading
Yes No
Funds
Yes Yes
ETFs
Yes Yes
Bonds - Corporate
Yes Yes
Bonds - Government (Gilts)
Yes Yes
Investment Trusts
Yes Yes
Spread Betting
No No
Advisor Services
No No

Education

Feature Saxo Markets Interactive Investor
Has Education - Share Trading
Yes Yes
Has Education - Funds
No Yes
Has Education - Retirement
No Yes
Client Webinars
Yes No
Client Webinars (Archived)
Yes No

Overall

Feature Saxo Markets Interactive Investor
Overall 4.5 4
Commissions & Fees 3 4
Offering of Investments 5 4.5
Platform & Tools 5 3.5
Research 4.5 4
Education 3.5 3.5
Saxo Markets Review Interactive Investor Review
Winner check_circle

For our 2020 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Interactive Investor 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, Interactive Investor offers better pricing than Saxo Markets 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.

1 Trade Per Month - Interactive Investor is cheaper. Interactive Investor would only cost £119.80 each year while Saxo Markets would cost £204.00.

3 Trades Per Month - Interactive Investor is less expensive under this scenario. Interactive Investor would cost £287.76 per year while Saxo Markets would cost £396.00.

10 Trades Per Month - Interactive Investor is the better choice. Annual fees with Interactive Investor would total £622.92, while annual fees with Saxo Markets would be £1,068.00.

20 Trades Per Month - Interactive Investor costs less in this scenario. Total annual costs with Interactive Investor would equal £1,101.72, while Saxo Markets would equal £2,028.00.

Which broker offers a wider range of investment options?

Saxo Markets offers a more diverse selection of investment options than Interactive Investor. Saxo Markets offers investors access to ETFs, Funds, ISA, SIPP, Share Trading and Bonds - Government (Gilts). Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Which platform offers better research?

Our testing concluded that Saxo Markets is better for research than Interactive Investor. 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 Interactive Investor and Saxo Markets, we tested each broker's trading tools and share dealing app. All features compared, Saxo Markets offers a better share dealing platform.

Overall, between Interactive Investor and Saxo Markets, Saxo Markets is the winner.

Interactive Investor Review
Saxo Markets Review

Related Comparisons

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.

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