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Saxo Capital Markets vs Lloyds Bank Review

Steve Miley

Published by Steve Miley


Wednesday, December 5th, 2018

Our UK.StockBrokers.com team spent seven months and hundreds of hours assessing ten different share dealing accounts for buying shares online in the UK. In total, 124 individual variables were assessed. For this review, we will compare Lloyds Bank vs Saxo Capital Markets.

To start this comparison, first, we will take a look at the fees charged for dealing in the UK. It's important to note that not only is there the cost to place the trade, but most share dealing brokers also charge a monthly, quarterly, or annual management fee depending on the type and size of your portfolio. We assessed both to provide a single star rating for cost. Lloyds Bank received a rating of 4.00 stars over Saxo Capital Markets's 3.50 stars.

Cost aside, we can now turn our focus to popular tools and features investors prefer in the UK. Account access is certainly at the top of the list, and Lloyds Bank alongside Saxo Capital Markets offer clients ISA and SIPP. Looking at charting, the number of drawing tools and total technical indicators made available are important as well as stock alerts. Saxo Capital Markets boasts an offering of 17 charting tools compared to Lloyds Bank's 1 available charting tools. Lloyds Bank trails Saxo Capital Markets by 5 total different indicators (for example, moving averages), with Saxo Capital Markets offering 48 and Lloyds Bank offering 43. Lloyds Bank and Saxo Capital Markets both offer basic stock alerts. Finally, for conducting research while share dealing, having access to mutual fund research reports is also helpful. Neither Lloyds Bank and Saxo Capital Markets offer fund research reports.

Overall, Saxo Capital Markets comes out on top with 4.50 stars over Lloyds Bank's 3.00 stars. And, when it comes to individual category awards, Saxo Capital Markets finished with awards Best in Class - Platforms & Tools and Best in Class - Mobile Trading in 2017, while Lloyds Bank came up with none of these.
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Overall
Commissions & Fees
Offering of Investments
Platform & Tools
Research
Education
MobileTrading
Share Trading: 0-9 Deals/ Month
Share Trading: 10-19 Deals/ Month
Share Trading: 20+ Deals/ Month
Annual Custody Fee: £0 - £250,000*
Bonds - Government (Gilts) - Fee
ETFs - Fee
Investment Trusts - Fee
Telephone Dealing Fee*
Share Trading
CFD Trading
Funds
ETFs
Bonds - Corporate
Bonds - Government (Gilts)
Investment Trusts
Spread Betting
Banking Services
Advisor Services
Advantage
Desktop Platform (Windows)
Web Platform
iPhone App
Android App
Stock Alerts
Charting - Indicators / Studies
Charting - Drawing Tools
Charting - Notes
Charting - Display Corporate Events
Charting - Stock Overlays
Advantage
Research - Shares
Research - CFDs
Research - Funds
Fund Research - Research Reports
Research - ETFs
Research - Bonds
Portfolio Allocation Breakdown
Advantage
Has Education - Share Trading
Has Education - Funds
Has Education - Retirement
Client Webinars
Client Webinars (Archived)
Advantage
Overall
Advantage
Saxo Capital Markets
Saxo Capital Markets Review
 
4.5
3.5
4.5
4.5
4
3
4.5
 
0.10% (£4.99 min)
0.10% (£4.99 min)
0.10% (£4.99 min)
0.12%
0.08%
N/A
N/A
N/A
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
No
Yes
check_circle
 
Yes
Yes
Yes
Yes
Yes
48
17
Yes
No
Yes
check_circle
 
Yes
Yes
Yes
No
No
Yes
Yes
check_circle
 
Yes
No
No
Yes
Yes
check_circle
 
4.5
check_circle
Lloyds Bank
Lloyds Bank Review
 
3
4
3.5
3
3.5
1
2.5
 
£11.00
£8.00
£8.00
£40.00
£11.00
£11.00
£11.00
£35.00
 
Yes
No
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
 
No
Yes
No
No
Yes
43
1
No
Yes
Yes
 
Yes
No
Yes
No
No
No
Yes
 
Yes
No
No
No
No
 
3

All pricing data was obtained from a published web site as of 01/08/18 and is believed to be accurate, but is not guaranteed. The UK.StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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