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: For UK investors comparing investment choices, both platforms let you trade shares, ETFs, funds, corporate bonds, government bonds (gilts), and investment trusts. The main differences are that Saxo also offers crypto trading and CFDs, while Lloyds Bank does not. If you want access to advice, Lloyds provides it, whereas Saxo does not.
On ratings, UK.StockBrokers.com gives Saxo 5 stars and ranks it #2 of 21 for investment choices; Lloyds Bank earns 4.5 stars and ranks #7. In short, pick Saxo if you want wider market access including crypto and CFD trading, and choose Lloyds Bank if you prefer a high-street bank with share dealing, ETFs, funds, and access to advice.
| Feature |
Saxo
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Lloyds Bank
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|---|---|---|
| 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.
For UK investors comparing online brokers, both Saxo and Lloyds Bank offer mobile trading apps on iPhone and Android, but independent reviews set them apart: UK.StockBrokers.com rates Saxo’s app 5 stars and ranks it #1 out of 21 brokers for Mobile Apps, while Lloyds Bank’s app holds 3.5 stars and ranks #14. If you want the highest-rated mobile experience, Saxo leads; if you prefer banking with Lloyds, you still get iPhone and Android access, just with a lower review score.
Dive deeper: Best Stock Trading Apps UK.
For beginner investor education in the UK, Saxo pulls ahead of Lloyds Bank. Saxo runs client webinars and lets you watch them on demand; Lloyds offers neither. Saxo also covers share trading, funds and retirement, while Lloyds has no dedicated education for these topics. Matching this, UK.StockBrokers.com rates Saxo 5/5 stars and ranks it #2 of 21 brokers for beginner education; Lloyds Bank gets 4/5 stars and ranks #11. If you want live sessions, replays and clear learning across key topics, Saxo is the stronger pick; Lloyds may suit those who only need the basics.
| 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.
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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 | |
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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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