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.
Your capital is at risk.
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.
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.
Saxo vs Lloyds Bank: both offer UK share dealing plus access to ETFs, funds, corporate bonds, government bonds (gilts), and investment trusts. Key differences are in trading extras and support. Saxo also provides crypto and CFD trading, which Lloyds Bank does not. If you want guidance, Lloyds offers advisor services, while Saxo is geared to self-directed investors.
Independent scores from UK.StockBrokers.com back this up: Saxo is rated 5/5 stars for investment choices and ranks 1st out of 21 brokers; Lloyds Bank is rated 4.5/5 stars and ranks 8th. In short, Saxo suits those seeking the widest range, including crypto and CFDs, while Lloyds fits investors focused on mainstream investments with the option of advice.
| Feature |
Saxo
|
Lloyds Bank
|
|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | Yes | No |
| ETFs | Yes | Yes |
| Mutual Funds | Yes | Yes |
| Bonds - Government (Gilts) | Yes | Yes |
| Investment Trusts | Yes | Yes |
| Spread Betting | No | No |
| Crypto Trading | Yes | 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.
Comparing trading tools, Saxo provides 20 drawing tools and 64 technical indicators, while Lloyds Bank lists 93 indicators and does not specify a drawing-tool count. Neither platform shows corporate events (earnings, splits, dividends) on charts. Lloyds lets you add notes to charts; Saxo does not. For overlays, Saxo supports stock overlays but not index overlays; Lloyds does not support either.
Both Saxo and Lloyds Bank offer a browser-based trading platform and price alerts, but neither offers real-time market data. If you want a wider range of indicators and the ability to annotate charts, Lloyds Bank has the edge; if you need stock overlays, Saxo stands out.
| Feature |
Saxo
|
Lloyds Bank
|
|---|---|---|
| Web Platform | Yes | Yes |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 64 | 93 |
| Charting - Drawing Tools | 20 | |
| Charting - Notes | No | Yes |
| Charting - Display Corporate Events | No | No |
| Charting - Stock Overlays | Yes | No |
| Charting - Index Overlays | No | 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.
For UK beginners comparing investing education, Saxo clearly outpaces Lloyds Bank. Saxo offers client webinars with an on-demand archive and guides covering share trading, funds, and retirement planning. Lloyds Bank does not provide webinars or an on-demand library and lacks dedicated education on those topics. Echoing this gap, UK.StockBrokers.com rates Saxo 5/5 stars and ranks it 3rd out of 21 brokers for beginner education, while Lloyds Bank scores 4/5 stars and ranks 14th.
| Feature |
Saxo
|
Lloyds Bank
|
|---|---|---|
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Education (Share Trading) | Yes | No |
| Education (Funds) | Yes | No |
| Education (Retirement) | Yes | No |
| Education |
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Dive deeper: Best UK Trading Platforms for Beginners.
When comparing the market research features of Saxo and Lloyds Bank, both platforms provide research reports for funds, as well as detailed insights into shares, ETFs, and bonds. This ensures that investors have comprehensive information across a range of assets. However, Saxo offers an advantage by allowing users to view their portfolio allocation by asset class, a feature that Lloyds Bank does not provide. This could be particularly useful for investors looking to better manage and diversify their investment portfolios. Overall, while both brokers provide extensive research offerings, Saxo's additional portfolio allocation insight might appeal to those seeking a more detailed overview of their investments.
| Feature |
Saxo
|
Lloyds Bank
|
|---|---|---|
| Research - Shares | Yes | Yes |
| 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 |
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Lloyds Bank
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Saxo vs Lloyds Bank: In this online broker comparison, Saxo offers cryptocurrency trading, whereas Lloyds Bank does not.
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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 | |
| Mutual 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 | |||
| Advisor Services | No | Yes |
| Trading Fees | Saxo | Lloyds Bank | |
|---|---|---|---|
| Minimum Deposit | £0 | £1 | |
| Share Trading: 0-9 Deals/ Month | $1 / £3 / €3 | £9.50 | |
| Share Trading: 10-19 Deals/ Month | $1 / £3 / €3 | £8 | |
| Share Trading: 20+ Deals/ Month | $1 / £3 / €3 | £8 | |
| 5 trades per year (£30k portfolio) | |||
| 12 trades per year (£30k portfolio) | |||
| 36 trades per year (£30k portfolio) | |||
| 120 trades per year (£30k portfolio) | |||
| 3 fund trades per year (£30k portfolio) | |||
| Annual Platform Fee (Funds): £0 - £250,000 | 0.4%, 0.2%, 0.1% | £36 | |
| Annual Platform Fee (Funds): £250K-£500K | 0.4%, 0.2%, 0.1% | £36 | |
| Annual Platform Fee (Funds): £500,000 - £1m | 0.4%, 0.2%, 0.1% | £36 | |
| Annual Platform Fee (Funds): £1m and over | 0.4%, 0.2%, 0.1% | £36 | |
| Bonds - Corporate - Fee | €20 minimum | £9.50 | |
| Bonds - Government (Gilts) - Fee | €20 minimum | £9.50 | |
| ETFs - Fee | From $1 | £9.50 | |
| Investment Trusts - Fee | 0.03/0.06/0.08% | N/A | |
| Telephone Dealing Fee | £50 | £35 |
| Broker Screenshots | Saxo | Lloyds Bank | |
|---|---|---|---|
| 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 | 93 | |
| Charting - Drawing Tools | 20 | ||
| Charting - Notes | No | Yes | |
| Charting - Display Corporate Events | No | No | |
| Charting - Stock Overlays | Yes | No | |
| Charting - Index Overlays | No | No |
| Research | Saxo | Lloyds Bank | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | |||
| 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) | Yes | No | |
| Education (Funds) | Yes | No | |
| Education (Retirement) | Yes | 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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