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Saxo Markets vs Lloyds Bank 2020

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Is Lloyds Bank better than Saxo Markets? After ranking 12 UK brokerages who all offer share dealing in our 2019 review, Saxo Markets is better than Lloyds Bank. Saxo Markets offers UK residents an excellent share dealing experience by combining the brilliant SaxoTraderGO web platform with over 30,000 international products to trade across 36 international exchanges. While Saxo Markets trails discount competitors in pricing, overall, it is our top broker for share dealing in 2019.

Overall Rating

Feature Saxo Markets Lloyds Bank
Overall 5 3.5
Saxo Markets Review Lloyds Bank Review

Trading Fees

Feature Saxo Markets Lloyds Bank
Share Trading: 0-9 Deals/ Month
0.10% (£8 min) £11.00
Share Trading: 10-19 Deals/ Month
0.10% (£8 min) £8.00
Share Trading: 20+ Deals/ Month
0.10% (£8 min) £8.00
Annual Custody Fee: £0 - £250,000*
0.12% (min. €120 or £ equivalent) £40.00
Bonds - Government (Gilts) - Fee
0.20% (min. £72) £11.00
ETFs - Fee
0.10% (£8 min) £11.00
Investment Trusts - Fee
0.10% (£8 min) £11.00
Telephone Dealing Fee*
£50.00 £35.00
Commissions & Fees 3.5 3.5
Winner check_circle

Platforms & Tools

Feature Saxo Markets Lloyds Bank
Desktop Platform (Windows)
Yes No
Web Platform
Yes Yes
iPhone App
Yes No
Android App
Yes No
Stock Alerts
Yes Yes
Charting - Indicators / Studies
49 91
Charting - Drawing Tools
17 17
Charting - Notes
Yes No
Charting - Display Corporate Events
No Yes
Charting - Stock Overlays
Yes No
Platform & Tools 5 3.5
Winner check_circle

Research

Feature Saxo Markets Lloyds Bank
Research - Shares
Yes Yes
Research - CFDs
Yes No
Research - Funds
Yes Yes
Fund Research - Research Reports
No No
Research - ETFs
Yes Yes
Research - Bonds
Yes Yes
Portfolio Allocation Breakdown
Yes Yes
Research 4.5 4
Winner check_circle

Investments

Feature Saxo Markets Lloyds Bank
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
Advisor Services
No Yes
Offering of Investments 4.5 4
Winner check_circle

Education

Feature Saxo Markets Lloyds Bank
Has Education - Share Trading
Yes Yes
Has Education - Funds
No Yes
Has Education - Retirement
No Yes
Client Webinars
Yes No
Client Webinars (Archived)
Yes No
Education 3.5 3.5

Overall

Feature Saxo Markets Lloyds Bank
Saxo Markets Review Lloyds Bank Review
Overall 5 3.5
Winner check_circle
To find a right broker for share dealing, we spent seven months and hundreds of hours of assessing 12 different share dealing brokers based in the UK. Here, we will focus on two brokers and compare Lloyds Bank vs Saxo Markets.

Our comparison begins with the fees charged for dealing shares in the UK and being a client. The two main charges to focus on include the cost to place each trade alongside the monthly, quarterly, or annual management fee charged (varies depending on the type and size of your portfolio). We researched both to provide a single star rating for cost. Both Lloyds Bank and Saxo Markets hold a 3.50 star rating.

Further breaking down costs, we analyzed four different trading scenarios. For all four scenarios, we are assuming a £30,000 portfolio for custody fees.

Scenario 1 - If you make 1 trade a month, or 12 per year, the fees with Saxo Markets wold be £204 and the fees with Lloyds Bank would be £172.

Scenario 2 - 36 trades per year, or 3 trades per month. Lloyds Bank charges £436 and Saxo Markets charges £396.

Scenario 3 - If you make 10 trades a month, or 120 per year, the fees with Saxo Markets wold be £1068 and the fees with Lloyds Bank would be £1000.

Scenario 4 - 20 trades per month, for a total of 240 trades per year. Saxo Markets would charge £2028 while Lloyds Bank would charge £1960.

Account charges aside, we can now compare features and tools investors want in their share dealing accounts. Access to the investments is important, and Lloyds Bank alongside Saxo Markets offer clients ISA and SIPP. Also, some investors require a high-quality charting experience, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. Both Lloyds Bank and Saxo Markets provide clients with access to 17 total charting tools. Saxo Markets trails Lloyds Bank by 42 total different indicators (for example, moving averages), with Lloyds Bank offering 91 and Saxo Markets offering 49. Both Lloyds Bank and Saxo Markets offer basic stock alerts. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Neither offers fund research reports.

Overall, between Lloyds Bank and Saxo Markets, Saxo Markets is the winner.

Lloyds Bank Review
Saxo Markets Review


All pricing data was obtained from a published web site as of 01/15/2020 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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