Saxo Markets vs Interactive Investor 2020

Our UK.StockBrokers.com team spent seven months and hundreds of hours assessing 12 different share dealing accounts for buying shares online in the UK. In total, 46 individual variables were assessed. For this review, we will compare Interactive Investor vs Saxo Markets.

Which broker is cheaper: Interactive Investor or Saxo Markets?

It's important to note that not only is there the cost to place the trade, but most share dealing brokers also charge a monthly, quarterly, or annual management fee depending on the type and size of your portfolio. We assessed both to provide a single star rating for cost. Interactive Investor is a better option with a 4.50 star rating over Saxo Markets's 3.50 star rating.

Further breaking down costs, we analyzed four different trading scenarios. For all four scenarios, we are assuming a £30,000 portfolio for custody fees.

1 Trade Per Month - Interactive Investor only charges £119.80 while Saxo Markets charges £204.00.

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

10 Trades Per Month - Interactive Investor is the cheaper option. Fees with Interactive Investor would be £622.92 while fees with Saxo Markets would be £1,068.00.

20 Trades Per Month - Interactive Investor costs less in this case. Interactive Investor charges £1,101.72 while Saxo Markets charges £2,028.00.

The annual management fee for each broker, which is a percentage of total assets, is as follows under a £30,000 portfolio Saxo Markets charges 0.12% (min. €120 or £ equivalent) while Interactive Investor charges £119.88 (£9.99 monthly).

Does Interactive Investor or Saxo Markets offer 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.

Is Interactive Investor or Saxo Markets better for research?

Research helps traders analyze potential investments, examine market sentiment, and learn about companies on a high-level. Our testing concluded that Interactive Investor is better for research than Saxo Markets. Interactive Investor offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better: Interactive Investor or Saxo Markets?

To compare the trading platforms of both Interactive Investor and Saxo Markets, we tested each broker's trading tools. Overall, Saxo Markets offers a better experience. Looking at charting, 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.

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