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Saxo vs Revolut 2024

StockBrokers.com

Written by StockBrokers.com

August 06, 2024

Is Saxo better than Revolut? After scoring the best share dealing accounts across 46 different variables, our analysis finds that Saxo is better than Revolut. Saxo Markets’ trading platform is highly sophisticated and offers a huge range of international shares and funds. The biggest downside is the cost, as its charges are higher than its U.K. competitors. It's best suited for experienced investors rather than beginners.

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Compare

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Overall Rating Saxo Revolut
Overall Rating 4.5/5 Stars 3.5/5 Stars
Charges & Fees 4/5 Stars 4/5 Stars
Investment Choices 5/5 Stars 3.5/5 Stars
Mobile App 5/5 Stars 4/5 Stars
Website 4.5/5 Stars 1/5 Stars
Ease of Use 4/5 Stars 4.5/5 Stars
Education 5/5 Stars 3.5/5 Stars
Review Saxo Review Revolut Review
Winner check_circle
Investments Saxo Revolut
ISA info Yes No
SIPP info Yes No
Share Trading info Yes Yes
CFD Trading info Yes No
Funds info Yes No
ETFs info Yes No
Bonds - Corporate info Yes No
Bonds - Government (Gilts) info Yes No
Investment Trusts info Yes No
Spread Betting info No No
Crypto Trading info No No
Advisor Services info No No
Trading Fees Saxo Revolut
Minimum Deposit info £0 £0 - £540 info
Share Trading: 0-9 Deals/ Month info From £3 or 0.08% £0
Share Trading: 10-19 Deals/ Month info From £3 or 0.08% 0.25% or £1 info
Share Trading: 20+ Deals/ Month info From £3 or 0.08% 0.25% or £1 info
5 trades per year (£30k portfolio) info 0.12% + 0.08% (or £3) per trade: a minimum of £51 £0 info
12 trades per year (£30k portfolio) info 0.12% + 0.08% (or £3) per trade: a minimum of £72 £0 info
36 trades per year (£30k portfolio) info 0.12% + 0.08% (or £3) per trade: a minimum of £144 £47.88 info
120 trades per year (£30k portfolio) info 0.12% + 0.08% (or £3) per trade: a minimum of £396 £540 info
3 fund trades per year (£30k portfolio) info 0.4% + 0% commission: £120 N/A
Annual Custody Fee: £0 - £250,000 info Up to £800 info £0 - £45
Annual Custody Fee: £250K-£500K info £500 to £1,000 £0 - £45
Annual Custody Fee: £500,000 - £1m info Up to £1,998 £0 - £45
Annual Custody Fee: £1m and over info £1,000 £0 - £45
Bonds - Corporate - Fee info €20 minimum N/A
Bonds - Government (Gilts) - Fee info €20 minimum N/A
ETFs - Fee info From $1 N/A
Investment Trusts - Fee info From $1 / £3 / €10 N/A
Telephone Dealing Fee info £50 N/A
Broker Screenshots Saxo Revolut
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Platforms & Tools Saxo Revolut
Web Platform info Yes No
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 64 0
Charting - Drawing Tools info 20 0
Charting - Notes info Yes No
Charting - Display Corporate Events info No No
Charting - Stock Overlays info Yes No
Charting - Index Overlays info Yes No
Research Saxo Revolut
Research - Shares info Yes Yes
Research - CFDs info Yes No
Research - Funds info Yes No
Fund Research - Research Reports info Yes No
Research - ETFs info Yes No
Research - Bonds info Yes No
Portfolio Allocation Breakdown info Yes Yes
Education Saxo Revolut
Education (Share Trading) info No No
Education (Funds) info No No
Education (Retirement) info No No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Overall Summary Saxo Revolut
Overall Rating 4.5/5 Stars 3.5/5 Stars
Charges & Fees 4/5 Stars 4/5 Stars
Investment Choices 5/5 Stars 3.5/5 Stars
Mobile App 5/5 Stars 4/5 Stars
Website 4.5/5 Stars 1/5 Stars
Ease of Use 4/5 Stars 4.5/5 Stars
Education 5/5 Stars 3.5/5 Stars
Review Saxo Review Revolut Review
Winner check_circle
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Comparing online share dealing platforms side by side is no small task. For our 2024 review of U.K. brokers, more than 900 data points were collected over a 10-week period and used to score each broker. Let’s compare Saxo and Revolut.

Saxo vs Revolut Comparison

For our 2024 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Saxo vs Revolut.

Is Saxo a good broker?

Saxo Markets’ trading platform is highly sophisticated and offers a huge range of international shares and funds. The biggest downside is the cost, as its charges are higher than its U.K. competitors. It's best suited for experienced investors rather than beginners.

Is Revolut a good broker?

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, Saxo offers better pricing than Revolut 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.

5 trades per year - Saxo would cost 0.12% + 0.08% (or £3) per trade: a minimum of £51 per year, while Revolut would cost £0 per year.

12 trades per year - Saxo would cost 0.12% + 0.08% (or £3) per trade: a minimum of £72 per year, while Revolut would cost £0 per year.

36 trades per year - Saxo would cost 0.12% + 0.08% (or £3) per trade: a minimum of £144 per year, while Revolut would cost £47.88 per year.

120 trades per year - Saxo would cost 0.12% + 0.08% (or £3) per trade: a minimum of £396 per year, while Revolut would cost £540 per year.

3 fund trades per year - Saxo would cost £0 per year, while Revolut would cost £0 - £540 per year.

query_stats What type of trader are you?

New to the world of investing? See my picks for the best UK trading platforms for beginners. More experienced traders should check out my guide to the best UK Trading Platforms for Active Traders. If you're looking to trade shares on the go, read my guide to the best UK stock trading apps.

How do Saxo and Revolut compare in terms of minimum deposits required?

Saxo requires a minimum deposit of £0, while Revolut requires a minimum deposit of £0 - £540. From our testing we found for accounts between £0 - £250,000 Saxo charges annual custody fees of Up to £800, while Revolut charges annual custody fees of £0 - £45.

Which broker offers a wider range of investment options?

Saxo offers investors access to ISA, SIPP, Share Trading, CFD Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts, while Revolut offers investors access to Share Trading and Crypto Trading. Neither have Spread Betting and Advisor Services. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Do Saxo and Revolut offer ISA or SIPP accounts?

Self-invested personal pensions (SIPPs) and individual savings accounts (ISAs) are tax-advantaged savings accounts that are an important tool for many individual investors. You can read more about how these accounts operate at Gov.UK: Click here for SIPP information and here for ISA information. Our analysis finds that Saxo offers traders access to SIPP and ISA accounts, while Revolut offers traders access to neither of these accounts.

Do Saxo and Revolut offer cryptocurrency?

In our analysis of top brokers for share dealing in the U.K., we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum, which is still a somewhat rare offering amongst major U.K. brokers. Our review finds that Revolut offers crypto investing, while Saxo does not.

Which broker offers a better website experience?

Our testing concluded that the website of Saxo is better than the website of Revolut. Saxo offers more functionality, is cleanly designed, and is, overall, easier to use for beginners and casual investors.

Which stock trading app is better?

To compare the trading platforms of both Saxo and Revolut, we tested each broker's stock trading app. All features compared, our analysis finds that Saxo offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.

Do Saxo and Revolut offer educational resources?

Educational offerings are of particular importance to those who are newer to investing, and we examine the availability of several different types of educational materials in our analysis. Our research finds that Saxo offers traders access to Client Webinars and Client Webinars (Archived), while Revolut offers access to none. Neither have Education (Share Trading), Education (Funds) and Education (Retirement).

Overall winner: Saxo

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