Written by StockBrokers.com
In this head to head comparison of Saxo UK 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 UK 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 UK vs Lloyds Bank: both let you trade shares, ETFs, funds, corporate bonds, gilts, and investment trusts. Saxo UK also provides crypto trading and CFD trading, which Lloyds Bank does not. Lloyds offers advisor services, while Saxo UK does not. Spread betting is not specified for either.
According to UK.StockBrokers.com, Saxo UK scores 5 out of 5 for investment choices and ranks #2 of 21 brokers, while Lloyds Bank scores 4.5 out of 5 and ranks #7. In simple terms, pick Saxo UK if you want a wider market selection including crypto and CFDs; choose Lloyds Bank if you value advice alongside mainstream investments.
| Feature |
Saxo UK
|
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.
Saxo UK vs Lloyds Bank: For charting, Lloyds Bank lists 93 technical indicators compared with 64 at Saxo UK and is the only one that lets you add notes to charts. Saxo UK offers 20 drawing tools, while Lloyds Bank doesn’t publish a figure. For overlays, Saxo UK supports stock overlays, but neither broker provides index overlays or shows corporate events like earnings, splits, or dividends on charts.
Both brokers offer a browser-based trading platform and price alerts, but neither supplies real-time market data. If you value stock overlays and a stated set of drawing tools, Saxo UK may suit you; if you prefer a wider indicator library and the ability to annotate charts, Lloyds Bank could be the better fit for UK investors.
| Feature |
Saxo UK
|
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 |
Saxo UK vs Lloyds Bank: both offer UK retirement-friendly accounts, including a Stocks & Shares ISA and a SIPP, letting you invest tax‑efficiently under current rules. Saxo UK, an online broker, may suit those who want a trading‑focused platform, while Lloyds Bank can appeal if you prefer a high‑street bank that keeps investing alongside everyday banking. Since both provide ISA and SIPP options, compare fees, minimums, investment choice, and app ease before opening an account.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
Saxo UK and Lloyds Bank both offer iPhone and Android mobile apps, but Saxo UK leads on quality: UK.StockBrokers.com rates Saxo UK’s app 5/5 stars and ranks it #1 out of 21 brokers for Mobile Apps, while Lloyds Bank’s app earns 3.5/5 stars and ranks #14 of 21. For UK users seeking a top-rated mobile trading experience, Saxo UK is the clear winner, though Lloyds Bank still provides accessible iOS and Android options.
Dive deeper: Best Stock Trading Apps UK.
Saxo UK outshines Lloyds Bank for beginner investor education: it offers live client webinars with on-demand replays and covers key topics like share trading, funds, and retirement. Lloyds Bank does not provide webinars, archived sessions, or beginner education on shares, funds, or retirement. Reflecting this, UK.StockBrokers.com rates Saxo UK 5/5 stars and ranks it #2 of 21 for beginner education, versus 4/5 stars and #11 for Lloyds Bank.
| Feature |
Saxo UK
|
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.
For UK investors comparing market research, the online broker Saxo UK and Lloyds Bank both provide research on shares, ETFs, funds and bonds, plus fund research reports. The key difference is that only Saxo UK lets you see your portfolio allocation by asset class, helping you check diversification at a glance. If you just want research coverage, either works; if you want clear portfolio breakdown tools as well, Saxo UK has the edge.
| Feature |
Saxo UK
|
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 UK or Lloyds Bank? After collecting more than 900 data points over a 10-week period, we found Saxo UK 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 UK
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Lloyds Bank
|
|---|---|---|
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Saxo UK vs Lloyds Bank: Saxo UK offers cryptocurrency trading, while Lloyds Bank does not, making Saxo UK the more suitable option for investors seeking crypto access.
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0 of 5| Overall Rating | Saxo UK | Lloyds Bank | |
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| Review | Saxo UK Review | Lloyds Bank Review | |
| Winner | check_circle |
| Investments | Saxo UK | 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 UK | 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 UK | Lloyds Bank | |
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| Education Gallery (click to expand) |
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| Platforms & Tools | Saxo UK | 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 UK | 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 UK | 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 UK | Lloyds Bank | |
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| Review | Saxo UK Review | Lloyds Bank Review | |
| Winner | check_circle |
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