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 investment options, both Saxo and Lloyds Bank provide a variety of choices for traders. Each offers share trading, ETF trading, funds trading, as well as trading of corporate and government bonds (gilts). Moreover, both platforms cater to those interested in investment trusts. However, when considering the availability of more specialized trading services, Saxo stands out by also offering CFD trading. While neither platform supports crypto trading or spread betting, Saxo lacks advisor services, which Lloyds Bank provides to their clients.
Despite their similarities in investment options, Saxo and Lloyds Bank receive distinct evaluations from users and experts. Both are favorably rated with 5 stars by UK.StockBrokers.com for their investment offerings, but they hold different positions in terms of overall ranking. Saxo leads the pack at #1 among 18 competitors, while Lloyds Bank is positioned at #8. This ranking differentiates Saxo as a top choice for those seeking comprehensive investment choices in the online brokerage 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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Professional’s Gateway to the World’s Markets.
Low-cost US and UK shares.
When it comes to online trading tools, Saxo stands out with a more versatile offering compared to Lloyds Bank. Saxo provides 20 drawing tools, significantly enhancing traders' charting capabilities, while Lloyds Bank does not offer any drawing tools. Similarly, Saxo impresses with 64 technical indicators for chart analysis, in stark contrast to Lloyds Bank, which offers none. Furthermore, Saxo allows the addition of notes, index overlays, and stock overlays on charts, features absent from Lloyds Bank's offerings. Both platforms support browser-based trading and enable the creation of stock price alerts, ensuring that traders can stay on top of price movements efficiently.
In terms of real-time market data, Saxo offers this crucial feature, enabling traders to make timely decisions based on the latest information, whereas Lloyds Bank does not provide real-time data. However, neither platform displays corporate events like earnings, splits, and dividends directly on charts, which means traders using these platforms might need to look elsewhere for that specific data visualization. All in all, Saxo's advanced tools and features make it a more robust option for traders seeking comprehensive charting and real-time data capabilities, whereas Lloyds Bank offers more basic services in comparison.
| 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 the retirement account offerings of online broker Saxo with those available through Lloyds Bank, both institutions provide Individual Savings Accounts (ISAs) and Self-Invested Personal Pensions (SIPPs), making them suitable choices for individuals looking to save for retirement with tax-efficient accounts. While both Saxo and Lloyds Bank give investors the opportunity to manage ISAs and SIPPs, customers might prefer Saxo for its digital-first approach and comprehensive online platform, whereas Lloyds Bank appeals to those who value the accessibility and support of a traditional banking service. Ultimately, the choice between Saxo and Lloyds Bank will depend on personal preferences regarding online versus in-person financial management.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
When comparing the mobile app offerings of Saxo and Lloyds Bank, both platforms provide apps for iPhone and Android users. However, in terms of user experience and functionality, Saxo's mobile app is highly rated at 5 stars by UK.StockBrokers.com and takes the top spot, ranking #1 out of 18 brokers. On the other hand, Lloyds Bank's app has a lower rating of 3.5 stars and is positioned at #15. For those seeking a robust mobile trading experience, Saxo clearly stands out as the superior option.
Dive deeper: Best Stock Trading Apps UK.
When comparing the beginner investor educational resources offered by Saxo and Lloyds Bank, Saxo stands out with its comprehensive offerings. Saxo provides educational client webinars that are not only live but also available on demand, allowing flexibility for learners to access information at their convenience—an option Lloyds Bank does not provide. Both brokers, however, do not offer education on specific topics such as share trading, funds, or retirement. In terms of quality and recognition, Saxo has been awarded a 5-star rating and ranks as the second-best among 18 brokers according to UK.StockBrokers.com, while Lloyds Bank, with a 4-star rating, is positioned at 15th. This makes Saxo a more favorable choice for beginners seeking structured educational support.
| 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 the market research features of Saxo and Lloyds Bank, both online broker Saxo and Lloyds Bank provide comprehensive research reports for funds, as well as solid insights into shares, ETFs, and bonds. However, Saxo stands out by offering an advantage with additional access to CFD research, which Lloyds Bank does not provide. Furthermore, Saxo facilitates a detailed view into portfolio allocation by asset class, a feature not available with Lloyds Bank. This makes Saxo a preferred choice for investors seeking a more extensive array of research resources and insights, particularly in CFDs and portfolio analysis.
| 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 Markets’ 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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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, £10, £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 | ||
| Investment Trusts - Fee | From $1 / £3 / €10 | ||
| Telephone Dealing Fee | £50 | £35 |
| Broker Screenshots | Saxo | Lloyds Bank | |
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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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