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Saxo Markets vs Lloyds Bank 2021

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Is Lloyds Bank better than Saxo Markets? After scoring the best share dealing accounts across 46 different variables, Saxo Markets is better than Lloyds Bank. Saxo Markets offers UK residents an excellent share dealing experience by combining the brilliant SaxoTraderGO trading platform with over 30,000 international products to trade across 36 global exchanges. The one downside of Saxo Markets is the pricing, which is substantially higher than most UK competitors.


Overall Rating

Feature Saxo Markets Lloyds Bank
Overall 4.5 4
Commissions & Fees 3 4
Offering of Investments 5 4
Platform & Tools 5 3.5
Research 4.5 4
Education 3.5 3.5
Saxo Markets Review
Winner check_circle

Trading Fees

Feature Saxo Markets Lloyds Bank
Minimum Deposit £500.00 £0.00
Share Trading: 0-9 Deals/ Month
0.10% (£8 min) 8 to 11
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. £80) £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

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
58 83
Charting - Drawing Tools
20 17
Charting - Notes
Yes Yes
Charting - Display Corporate Events
No No
Charting - Stock Overlays
Yes No

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

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

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

Overall

Feature Saxo Markets Lloyds Bank
Overall 4.5 4
Commissions & Fees 3 4
Offering of Investments 5 4
Platform & Tools 5 3.5
Research 4.5 4
Education 3.5 3.5
Saxo Markets Review
Winner check_circle

For our 2021 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Lloyds Bank vs Saxo Markets.

Which broker is less expensive?

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 Markets 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.

1 Trade Per Month - Lloyds Bank is cheaper. Lloyds Bank would only cost £172 each year while Saxo Markets would cost £204.

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

10 Trades Per Month - Lloyds Bank is the better choice. Annual fees with Lloyds Bank would total £1000, while annual fees with Saxo Markets would be £1068.

20 Trades Per Month - Lloyds Bank costs less in this scenario. Total annual costs with Lloyds Bank would equal £1960, while Saxo Markets would equal £2028.

Which broker offers 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.

Which platform offers better research?

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?

To compare the trading platforms of both Lloyds Bank and Saxo Markets, we tested each broker's trading tools and share dealing app. All features compared, Saxo Markets offers a better share dealing platform.

Overall winner: Saxo Markets

Read Next: Best UK Trading Platforms 2021

Related Comparisons

All pricing data was obtained from a published web site as of 12/24/2020 and is believed to be accurate, but is not guaranteed. The StockBrokers.com UK 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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