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Saxo Markets vs Interactive Investor 2020

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Is Saxo Markets better than Interactive Investor? After scoring UK share dealing accounts in six areas for our 2019 review, 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 across 36 international exchanges. While Saxo Markets trails discount competitors in pricing, overall, it is our top broker for share dealing in 2019.

Overall Rating

Feature Saxo Markets Interactive Investor
Overall 5 4.5
Saxo Markets Review Interactive Investor Review

Trading Fees

Feature Saxo Markets Interactive Investor
Share Trading: 0-9 Deals/ Month
0.10% (£8 min) £7.99
Share Trading: 10-19 Deals/ Month
0.10% (£8 min) £3.99
Share Trading: 20+ Deals/ Month
0.10% (£8 min) £3.99
Annual Custody Fee: £0 - £250,000*
0.12% (min. €120 or £ equivalent) £119.88
Bonds - Government (Gilts) - Fee
0.20% (min. £72) £40.00
ETFs - Fee
0.10% (£8 min) £7.99
Investment Trusts - Fee
0.10% (£8 min) £7.99
Telephone Dealing Fee*
£50.00 £49.00
Commissions & Fees 3.5 4.5
Winner check_circle

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
49 11
Charting - Drawing Tools
17 0
Charting - Notes
Yes No
Charting - Display Corporate Events
No No
Charting - Stock Overlays
Yes Yes
Platform & Tools 5 3
Winner check_circle

Research

Feature Saxo Markets Interactive Investor
Research - Shares
Yes Yes
Research - CFDs
Yes Yes
Research - Funds
Yes Yes
Fund Research - Research Reports
No Yes
Research - ETFs
Yes Yes
Research - Bonds
Yes Yes
Portfolio Allocation Breakdown
Yes Yes
Research 4.5 4.5
Winner check_circle

Investments

Feature Saxo Markets Interactive Investor
Share Trading
Yes Yes
CFD Trading
Yes Yes
Funds
Yes Yes
ETFs
Yes Yes
Bonds - Corporate
Yes Yes
Bonds - Government (Gilts)
Yes Yes
Investment Trusts
Yes Yes
Spread Betting
No Yes
Advisor Services
No No
Offering of Investments 4.5 4.5
Winner check_circle

Education

Feature Saxo Markets Interactive Investor
Has Education - Share Trading
Yes No
Has Education - Funds
No No
Has Education - Retirement
No No
Client Webinars
Yes No
Client Webinars (Archived)
Yes No
Education 3.5 1

Overall

Feature Saxo Markets Interactive Investor
Saxo Markets Review Interactive Investor Review
Overall 5 4.5
Winner check_circle
After seven months and hundreds of hours of researching 12 different share dealing brokers, the UK.StockBrokers.com team collected thousands of data points. To focus on two brokers, we will now compare Interactive Investor vs Saxo Markets.

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.

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