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Saxo Capital Markets vs Lloyds Bank Review

Steve Miley

Published by Steve Miley


Wednesday, April 10th, 2019

Is Lloyds Bank better than Saxo Capital Markets? After scoring UK share dealing accounts on over 100 different variables, Saxo Capital Markets is better than Lloyds Bank. Saxo Capital Markets provides a brilliant all-around share trading experience for UK residents. The fees for buying shares are not the cheapest; however, the SaxoTraderGO trading platform is excellent, and there’s an abundant selection of international products to trade.

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Overall

Trading Fees

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*
Commissions & Fees
Winner

Platforms & Tools

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
Platform & Tools
Winner

Research

Research - Shares
Research - CFDs
Research - Funds
Fund Research - Research Reports
Research - ETFs
Research - Bonds
Portfolio Allocation Breakdown
Research
Winner

Investments

Share Trading
CFD Trading
Funds
ETFs
Bonds - Corporate
Bonds - Government (Gilts)
Investment Trusts
Spread Betting
Banking Services
Advisor Services
Offering of Investments
Winner

Education

Has Education - Share Trading
Has Education - Funds
Has Education - Retirement
Client Webinars
Client Webinars (Archived)
Education
Winner

Overall

Overall
Winner
 
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
3.5
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Yes
Yes
Yes
Yes
Yes
48
17
Yes
No
Yes
4.5
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Yes
Yes
Yes
No
No
Yes
Yes
4
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Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
No
Yes
4.5
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Yes
No
No
Yes
Yes
3
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4.5
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£11.00
£8.00
£8.00
£40.00
£11.00
£11.00
£11.00
£35.00
4
 
No
Yes
No
No
Yes
43
1
No
Yes
Yes
3
 
Yes
No
Yes
No
No
No
Yes
3.5
 
Yes
No
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
3.5
 
Yes
No
No
No
No
1
 
Our UK.StockBrokers.com team spent seven months and hundreds of hours assessing 12 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 Both Lloyds Bank and Saxo Capital Markets support ISA and SIPP. Looking at charting, the number of drawing tools and total technical indicators made available are important as well as stock alerts. Lloyds Bank trails Saxo Capital Markets by 16 total charting tools, with Saxo Capital Markets offering 17 and Lloyds Bank offering 1. Saxo Capital Markets offers its clients access to 48 different indicators (for example, volume) while Lloyds Bank has 43 available indicators, a difference of 5. Lloyds Bank alongside Saxo Capital Markets offer basic stock alerts. Finally, for conducting research while share dealing, having access to mutual fund research reports is also helpful. Lloyds Bank nor Saxo Capital Markets offers fund research reports.

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

Lloyds Bank Review
Saxo Capital Markets Review

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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