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Saxo Markets vs Lloyds Bank 2020

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Is Lloyds Bank better than Saxo Markets? After scoring UK share dealing accounts on over 40 different variables, 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. While Saxo Markets trails discount competitors in pricing, overall, it is our top broker for share dealing in 2020.

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 (flat)
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

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, 46 individual variables were assessed. For this review, we will compare Lloyds Bank vs Saxo Markets.

Which broker is cheaper: Lloyds Bank or Saxo Markets?

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. 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.

1 Trade Per Month - Lloyds Bank only charges £172 while Saxo Markets charges £204.

3 Trades Per Month - Saxo Markets is cheaper under this scenario. Saxo Markets would cost £396 while Lloyds Bank would cost £436.

10 Trades Per Month - Lloyds Bank is the cheaper option. Fees with Lloyds Bank would be £1000 while fees with Saxo Markets would be £1068.

20 Trades Per Month - Lloyds Bank costs less in this case. Lloyds Bank charges £1960 while Saxo Markets charges £2028.

The annual management fee for each broker, which is a percentage of total assets, is as follows under a £30,000 portfolio Saxo Markets charges 0.12% (min. €120 or £ equivalent) while Lloyds Bank charges £40 (flat).

Does Lloyds Bank or Saxo Markets offer a wider range of investment options?

Saxo Markets offers a more diverse selection of investment options than Lloyds Bank. Saxo Markets offers investors access to ETFs, Funds, ISA, SIPP, Share Trading and Bonds - Government (Gilts). Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Is Lloyds Bank or Saxo Markets better for research?

Research helps traders analyze potential investments, examine market sentiment, and learn about companies on a high-level. Our testing concluded that Saxo Markets is better for research than Lloyds Bank. Saxo Markets offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better: Lloyds Bank or Saxo Markets?

To compare the trading platforms of both Lloyds Bank and Saxo Markets, we tested each broker's trading tools. Overall, Saxo Markets offers a better experience. Looking at charting, 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.

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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