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.
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.
For UK investors navigating the world of online trading, both Saxo and Lloyds Bank provide a variety of investment choices. Saxo excels with share, ETF, CFD, funds, corporate bonds, government bonds, and investment trust trading options, earning a 5-star rating for investment diversity. However, its ranking as the top choice among 21 brokers indicates a strong preference from users for its extensive offerings. In comparison, Lloyds Bank also covers share, ETF, funds, corporate bonds, government bonds, and investment trust trading. Additionally, Lloyds Bank provides advisor services, enhancing its appeal to those seeking guidance along with investment opportunities.
While both platforms are highly rated with 5 stars for their broad range of offerings, Saxo clinches the number one spot for investment choice, whereas Lloyds Bank ranks eighth. Investors seeking a comprehensive and varied trading environment might find Saxo to be an appealing choice, yet Lloyds Bank's advisory services position it as a strong contender, especially for those who value professional financial advice alongside a solid array of investment options.
| Feature |
Saxo
|
Lloyds Bank
|
|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | Yes | |
| ETFs | Yes | Yes |
| Funds | Yes | Yes |
| Bonds - Government (Gilts) | Yes | Yes |
| Investment Trusts | Yes | Yes |
| Spread Betting | ||
| Crypto Trading | ||
| Advisor Services | Yes | |
| Investment Choices |
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Low-cost US and UK shares.
Professional’s Gateway to the World’s Markets.
When comparing trading tools between Saxo and Lloyds Bank, Saxo clearly stands out with its advanced features. Saxo offers chart displays for corporate events such as earnings, splits, and dividends, while Lloyds Bank lacks this capability. Saxo provides traders with 20 drawing tools and 64 technical indicators for a comprehensive charting experience, whereas Lloyds Bank doesn't offer any drawing tools or technical indicators. Saxo also allows users to add notes, index overlays, and stock overlays to their charts, ensuring a customizable trading environment.
Both Saxo and Lloyds Bank provide browser-based trading platforms and the ability to set alerts for stock price updates. However, Saxo goes further by offering real-time market data, an essential feature for active traders looking to stay informed with instantaneous updates. In summary, Saxo's platform equips traders with more detailed tools and features, especially in terms of charting capabilities and real-time data access, making it a more appealing choice for those serious about trading.
| 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 | |
| Charting - Display Corporate Events | ||
| Charting - Stock Overlays | Yes | |
| Charting - Index Overlays | Yes |
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 evaluating beginner investor educational resources, Saxo stands out with its client webinars, which are not only available live but also archived for on-demand viewing, making them accessible at any time. Lloyds Bank, however, does not appear to offer this feature. Both Saxo and Lloyds Bank do not specifically provide education on share trading, funds, or retirement topics. According to UK.StockBrokers.com, Saxo is highly regarded, earning a 5-star rating and ranking 3rd out of 21 brokers for beginner education. In contrast, Lloyds Bank receives a commendable 4-star rating but places 14th. This makes Saxo a more appealing option for those starting their investment journey in the UK.
| Feature |
Saxo
|
Lloyds Bank
|
|---|---|---|
| Client Webinars | Yes | |
| Client Webinars (Archived) | Yes | |
| Education (Share Trading) | ||
| Education (Funds) | ||
| Education (Retirement) | ||
| 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, along with insights into shares, ETFs, and bonds. However, Saxo stands out by offering additional capabilities, such as the ability to view portfolio allocation by asset class and research on Contracts for Difference (CFDs). In contrast, these specific features are not highlighted with Lloyds Bank, potentially offering Saxo an edge for investors seeking a more comprehensive suite of market research tools.
| Feature |
Saxo
|
Lloyds Bank
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - CFDs | Yes | |
| Research - ETFs | Yes | Yes |
| Research - Bonds | Yes | Yes |
| Research - Funds | Yes | Yes |
| Fund Research - Research Reports | Yes | Yes |
| Portfolio Allocation Breakdown | Yes |
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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Comparing Saxo and Lloyds Bank, Saxo offers crypto trading while 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 | ||
| Funds | Yes | Yes | |
| ETFs | Yes | Yes | |
| Bonds - Corporate | Yes | Yes | |
| Bonds - Government (Gilts) | Yes | Yes | |
| Investment Trusts | Yes | Yes | |
| Spread Betting | |||
| Crypto Trading | |||
| Advisor Services | 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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| 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 | ||
| Charting - Display Corporate Events | |||
| Charting - Stock Overlays | Yes | ||
| Charting - Index Overlays | Yes |
| Research | Saxo | Lloyds Bank | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | Yes | ||
| Research - Funds | Yes | Yes | |
| Fund Research - Research Reports | Yes | Yes | |
| Research - ETFs | Yes | Yes | |
| Research - Bonds | Yes | Yes | |
| Portfolio Allocation Breakdown | Yes |
| Education | Saxo | Lloyds Bank | |
|---|---|---|---|
| Education (Share Trading) | |||
| Education (Funds) | |||
| Education (Retirement) | |||
| Client Webinars | Yes | ||
| Client Webinars (Archived) | Yes |
| Overall Summary | Saxo | Lloyds Bank | |
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| Review | Saxo Review | Lloyds Bank Review | |
| Winner | check_circle |
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