Written by StockBrokers.com
In this head to head comparison of Saxo vs Lloyds Bank, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
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, Lloyds Bank offers better pricing than Saxo 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 would cost 0.12% + 0.08% (or £3) per trade: a minimum of £51 per year, while Lloyds Bank would cost £95 per year.
12 trades per year - Saxo would cost 0.12% + 0.08% (or £3) per trade: a minimum of £72 per year, while Lloyds Bank would cost £40 - £172 per year.
36 trades per year - Saxo would cost 0.12% + 0.08% (or £3) per trade: a minimum of £144 per year, while Lloyds Bank would cost £40 - £328 per year.
120 trades per year - Saxo would cost 0.12% + 0.08% (or £3) per trade: a minimum of £396 per year, while Lloyds Bank would cost £40 / £1,000 per year.
3 fund trades per year - Saxo would cost £0 per year, while Lloyds Bank would cost £0 per year.
What type of trader are you?
New to the world of investing? See our picks for the Best UK Trading Platforms for Beginners. More experienced traders should read our guide to the Best UK Trading Platforms for Active Traders.
When comparing Saxo and Lloyds Bank for investment options, both offer a comprehensive range of choices to suit UK investors. Saxo allows share trading, ETF trading, CFD trading, funds trading, and the trading of corporate and government bonds. It also supports investment trust trading. Lloyds Bank similarly provides share trading, ETF trading, funds trading, corporate and government bonds, and investment trust options. However, it does not support CFD trading. Both platforms do not offer crypto trading or spread betting.
Another distinct difference is in advisory services, where Lloyds Bank offers guidance, while Saxo does not provide such services. Both received high praise in investment choices, each scoring five stars from UK.StockBrokers.com. However, Saxo is ranked higher, securing the top spot among 21 brokers, while Lloyds Bank lands at number eight. This comparison highlights that while both brokers have similar offerings, Saxo's broader range of investment choices gives it a competitive edge in the UK market.
| Feature |
Saxo
|
Lloyds Bank
|
|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | Yes | No |
| ETFs | Yes | Yes |
| Funds | Yes | Yes |
| Bonds - Government (Gilts) | Yes | Yes |
| Investment Trusts | Yes | Yes |
| Spread Betting | No | No |
| Crypto Trading | No | No |
| Advisor Services | No | Yes |
| Investment Choices |
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Low-cost US and UK shares.
Professional’s Gateway to the World’s Markets.
When comparing the trading tools of Saxo and Lloyds Bank, Saxo demonstrates a clear advantage for those interested in charting capabilities. Saxo provides 20 drawing tools and 64 technical indicators, allowing traders to analyze market movements thoroughly; Lloyds Bank, however, does not offer any drawing tools or technical indicators. Both brokers allow traders to create alerts for stock price updates and provide a browser-based trading platform, but only Saxo offers real-time market data, a critical feature for active traders who need up-to-the-minute information.
In terms of chart enhancements, Saxo outshines Lloyds Bank by offering options to add notes, index overlays, and stock overlays to charts, posing as an invaluable resource for traders who require detailed chart annotations. Unfortunately, neither broker displays corporate events directly on charts. While both platforms present some essential tools for trading, Saxo appears to cater more comprehensively to those looking for in-depth and interactive analysis options.
| Feature |
Saxo
|
Lloyds Bank
|
|---|---|---|
| Web Platform | Yes | Yes |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 64 | 0 |
| Charting - Drawing Tools | 20 | 0 |
| Charting - Notes | Yes | No |
| Charting - Display Corporate Events | No | No |
| Charting - Stock Overlays | Yes | No |
| Charting - Index Overlays | Yes | No |
When comparing retirement account offerings for UK investors, both Saxo and Lloyds Bank provide Individual Savings Accounts (ISAs) and Self-Invested Personal Pensions (SIPPs), catering to diverse financial goals. Saxo is known for its advanced online trading platform, allowing seasoned investors to manage their ISA and SIPP accounts with a wide selection of global financial instruments. In contrast, Lloyds Bank offers a more traditional banking experience with accessible ISA and SIPP options, appealing to those who prefer managing their retirement savings through a well-established UK bank. Both providers ensure accessibility and flexibility, catering to different investment preferences for your retirement planning needs.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
If you're deciding between Saxo and Lloyds Bank for mobile trading, both offer apps compatible with iPhone and Android devices. However, Saxo stands out as a top performer according to UK.StockBrokers.com, receiving an impressive 5-star rating and securing the number one spot out of 21 brokers for its mobile app experience. In contrast, Lloyds Bank's mobile trading app is rated 3.5 stars and ranks at number 17 on the same list. This stark difference highlights Saxo's lead in providing a superior mobile trading platform for UK users.
Dive deeper: Best Stock Trading Apps UK.
When comparing beginner investor educational resources, Saxo clearly stands out over Lloyds Bank. Saxo offers educational webinars that clients can join live or view later on demand, providing flexible learning opportunities. Unfortunately, Lloyds Bank does not offer such webinars. While neither platform provides education specifically on share trading, funds, or retirement, Saxo garners more acclaim with a 5-star rating from UK.StockBrokers.com, placing third among 21 brokers for beginner education. In contrast, Lloyds Bank receives a 4-star rating, ranking 14th. For new investors in the UK seeking accessible webinars, Saxo presents a more engaging choice.
| Feature |
Saxo
|
Lloyds Bank
|
|---|---|---|
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Education (Share Trading) | No | No |
| Education (Funds) | No | No |
| Education (Retirement) | No | No |
| Education |
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|
Dive deeper: Best UK Trading Platforms for Beginners.
When comparing Saxo to Lloyds Bank for market research features, both platforms offer research reports for funds, shares, ETFs, and bonds, providing valuable insights for investors in the UK. However, Saxo stands out with its ability to offer research on Contracts for Difference (CFDs) and the unique feature of viewing portfolio allocation by asset class, which Lloyds Bank does not provide. While both brokers cater to a range of investment types, Saxo delivers a broader spectrum of research tools for those looking to diversify their knowledge and investment strategies.
| Feature |
Saxo
|
Lloyds Bank
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - CFDs | Yes | No |
| Research - ETFs | Yes | Yes |
| Research - Bonds | Yes | Yes |
| Research - Funds | Yes | Yes |
| Fund Research - Research Reports | Yes | Yes |
| Portfolio Allocation Breakdown | Yes | No |
Which broker is better overall, Saxo or Lloyds Bank? After collecting more than 900 data points over a 10-week period, we found Saxo to be a better trading platform overall.
Saxo’ trading platform is highly sophisticated and offers a huge range of international shares and funds. The biggest downside is the cost, as its charges are higher than its U.K. competitors. It's best suited for experienced investors rather than beginners.
| Feature |
Saxo
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Lloyds Bank
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|---|---|---|
| Overall Rating |
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Both Saxo and Lloyds Bank do not offer crypto trading options, positioning them similarly for investors seeking digital asset opportunities but differing on other factors like platform offerings and financial services.
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0 of 5| Overall Rating | Saxo | Lloyds Bank | |
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| Review | Saxo Review | Lloyds Bank Review | |
| Winner | check_circle |
| Investments | Saxo | Lloyds Bank | |
|---|---|---|---|
| ISA | Yes | Yes | |
| SIPP | Yes | Yes | |
| 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 | |
| Crypto Trading | No | No | |
| Advisor Services | No | Yes |
| Trading Fees | Saxo | Lloyds Bank | |
|---|---|---|---|
| Minimum Deposit | £0 | £0 | |
| Share Trading: 0-9 Deals/ Month | From £3 or 0.08% | £8 - £11 | |
| Share Trading: 10-19 Deals/ Month | From £3 or 0.08% | £8 | |
| Share Trading: 20+ Deals/ Month | From £3 or 0.08% | £8 | |
| 5 trades per year (£30k portfolio) | 0.12% + 0.08% (or £3) per trade: a minimum of £51 | £95 | |
| 12 trades per year (£30k portfolio) | 0.12% + 0.08% (or £3) per trade: a minimum of £72 | £40 - £172 | |
| 36 trades per year (£30k portfolio) | 0.12% + 0.08% (or £3) per trade: a minimum of £144 | £40 - £328 | |
| 120 trades per year (£30k portfolio) | 0.12% + 0.08% (or £3) per trade: a minimum of £396 | £40 / £1,000 | |
| 3 fund trades per year (£30k portfolio) | 0.4% + 0% commission: £120 | £44.50 | |
| Annual Custody Fee: £0 - £250,000 | Up to £800 | £40 | |
| Annual Custody Fee: £250K-£500K | £500 to £1,000 | £40 | |
| Annual Custody Fee: £500,000 - £1m | Up to £1,998 | £40 | |
| Annual Custody Fee: £1m and over | £1,000 | £40 | |
| Bonds - Corporate - Fee | €20 minimum | £8 - £11 | |
| Bonds - Government (Gilts) - Fee | €20 minimum | £8 - £11 | |
| ETFs - Fee | From $1 | £8 - £11 | |
| Investment Trusts - Fee | From $1 / £3 / €10 | £8 - £11 | |
| Telephone Dealing Fee | £50 | £35 |
| Broker Screenshots | Saxo | Lloyds Bank | |
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| Website Gallery (click to expand) |
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| Education Gallery (click to expand) |
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| Platforms & Tools | Saxo | Lloyds Bank | |
|---|---|---|---|
| Web Platform | Yes | Yes | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 64 | 0 | |
| Charting - Drawing Tools | 20 | 0 | |
| Charting - Notes | Yes | No | |
| Charting - Display Corporate Events | No | No | |
| Charting - Stock Overlays | Yes | No | |
| Charting - Index Overlays | Yes | No |
| Research | Saxo | Lloyds Bank | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | Yes | No | |
| Research - Funds | Yes | Yes | |
| Fund Research - Research Reports | Yes | Yes | |
| Research - ETFs | Yes | Yes | |
| Research - Bonds | Yes | Yes | |
| Portfolio Allocation Breakdown | Yes | No |
| Education | Saxo | Lloyds Bank | |
|---|---|---|---|
| Education (Share Trading) | No | No | |
| Education (Funds) | No | No | |
| Education (Retirement) | No | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No |
| Overall Summary | Saxo | Lloyds Bank | |
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| Review | Saxo Review | Lloyds Bank Review | |
| Winner | check_circle |
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