Written by StockBrokers.com
In this head to head comparison of Saxo vs Robinhood UK, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
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 Robinhood UK 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 Robinhood UK 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 Robinhood UK 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 Robinhood UK would cost £0 per year.
120 trades per year - Saxo would cost 0.12% + 0.08% (or £3) per trade: a minimum of £396 per year, while Robinhood UK would cost £0 per year.
3 fund trades per year - Saxo would cost £0 per year, while Robinhood UK would cost £0 per year.
What type of trader are you?
New to the world of investing? See our picks for the Best UK Trading Platforms for Beginners. More experienced traders should read our guide to the Best UK Trading Platforms for Active Traders.
When it comes to investment options, Saxo and Robinhood UK offer different experiences for investors in the UK. Saxo provides a wide array of choices including share trading, ETFs, CFD trading, funds, and both corporate and government bonds, along with investment trusts. Meanwhile, Robinhood UK offers a more limited selection, primarily focused on share trading, offering fewer choices for those interested in diversifying their portfolio through ETFs, bonds, or funds.
Given these offerings, Saxo has received a 5-star rating for investment choices from UK.StockBrokers.com, making it the top-ranked broker out of 18 evaluated. On the other hand, Robinhood UK, while providing accessible share trading, does not rank as highly due to its limited range of investment options, and it is rated 3 stars. Neither broker offers spread betting, crypto trading, nor advisor services, maintaining a focus on traditional trading avenues.
| Feature |
Saxo
|
Robinhood UK
|
|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | Yes | No |
| ETFs | Yes | No |
| Funds | Yes | No |
| Bonds - Government (Gilts) | Yes | No |
| Investment Trusts | Yes | No |
| Spread Betting | No | No |
| Crypto Trading | No | No |
| Advisor Services | No | No |
| Investment Choices |
|
|
Professional’s Gateway to the World’s Markets.
Low-cost US and UK shares.
When comparing the trading tools offered by Saxo and Robinhood UK, Saxo delivers a more robust suite suitable for chart enthusiasts. Saxo impressively provides 20 drawing tools for intricate charting, while Robinhood UK does not offer any. Additionally, Saxo boasts 64 technical indicators to aid in analysis, dwarfing Robinhood UK's modest offering of just 3. Saxo also supports chart customization with the ability to add notes, index overlays, and stock overlays to their charts, features that Robinhood UK does not currently provide.
Both Saxo and Robinhood UK offer browser-based trading platforms, along with real-time market data, and the ability to set alerts for stock price updates. However, neither platform displays corporate events such as earnings, splits, or dividends directly on charts. For traders seeking comprehensive charting tools, Saxo's platform stands out with its expansive customization and technical capabilities, offering more to work with when making informed trading decisions.
| Feature |
Saxo
|
Robinhood UK
|
|---|---|---|
| Web Platform | Yes | Yes |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 64 | 3 |
| Charting - Drawing Tools | 20 | 0 |
| Charting - Notes | Yes | No |
| Charting - Display Corporate Events | No | No |
| Charting - Stock Overlays | Yes | No |
| Charting - Index Overlays | Yes | No |
When evaluating online brokers for retirement savings in the UK, Saxo and Robinhood UK present distinct offerings. Saxo Bank provides both Individual Savings Accounts (ISAs) and Self-Invested Personal Pensions (SIPPs), offering versatile options for tax-efficient saving and retirement planning. In contrast, Robinhood UK does not offer ISAs or SIPPs, focusing instead on straightforward brokerage accounts. This makes Saxo a more comprehensive choice for those seeking integrated investment solutions for retirement, compared to Robinhood UK's limited account options. Consider your financial goals to determine which platform aligns best with your needs.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
When comparing mobile apps of Saxo and Robinhood UK, both brokers offer robust apps for iPhone and Android users. Saxo's app notably receives a five-star rating from UK.StockBrokers.com, securing the top rank out of 18 brokers for its outstanding mobile app experience. In contrast, Robinhood UK's app garners a respectable four-star rating, although it doesn’t achieve a ranked position among the top 18 brokers for mobile apps. This distinction highlights Saxo's superior performance in providing a seamless and highly-rated mobile trading platform for its users.
Dive deeper: Best Stock Trading Apps UK.
When comparing Saxo and Robinhood UK for beginner investor educational resources, Saxo stands out with its live client webinars and the ability to access these webinars on demand. In contrast, Robinhood UK does not provide educational webinars. While Robinhood UK offers guidance on share trading, neither platform provides education related to funds or retirement. Overall, Saxo receives a commendable 5-star rating for beginner education and ranks second among 18 brokers according to UK.StockBrokers.com, whereas Robinhood UK secures a 3.5-star rating with no specific rank available.
| Feature |
Saxo
|
Robinhood UK
|
|---|---|---|
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Education (Share Trading) | No | Yes |
| Education (Funds) | No | No |
| Education (Retirement) | No | No |
| Education |
|
|
Dive deeper: Best UK Trading Platforms for Beginners.
When comparing Saxo and Robinhood UK for market research features, Saxo clearly stands out with a broader array of offerings. Saxo provides in-depth research reports for funds, while Robinhood UK does not. Additionally, Saxo allows users to view their portfolio allocation by asset class, a feature unavailable with Robinhood UK. Both platforms offer research for shares and ETFs, but Saxo further extends its research capabilities to include CFDs, bonds, and funds, areas where Robinhood UK falls short. Overall, Saxo offers a more comprehensive research experience, catering to investors looking for detailed insights across various investment types.
| Feature |
Saxo
|
Robinhood UK
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - CFDs | Yes | No |
| Research - ETFs | Yes | Yes |
| Research - Bonds | Yes | No |
| Research - Funds | Yes | No |
| Fund Research - Research Reports | Yes | No |
| Portfolio Allocation Breakdown | Yes | No |
Which broker is better overall, Saxo or Robinhood UK? After collecting more than 900 data points over a 10-week period, we found Saxo to be a better trading platform overall.
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.
| Feature |
Saxo
|
Robinhood UK
|
|---|---|---|
| Overall Rating |
|
|
| Charges & Fees |
|
|
| Investment Choices |
|
|
| Mobile App |
|
|
| Website |
|
|
| Ease of Use |
|
|
| Education |
|
|
When comparing online brokers Saxo and Robinhood UK, it is notable that neither platform currently offers cryptocurrency trading options.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Saxo | Robinhood UK | |
|---|---|---|---|
| Overall Rating |
|
| |
| Charges & Fees |
|
| |
| Investment Choices |
|
| |
| Mobile App |
|
| |
| Website |
|
| |
| Ease of Use |
|
| |
| Education |
|
| |
| Review | Saxo Review | Robinhood UK Review | |
| Winner | check_circle |
| Investments | Saxo | Robinhood UK | |
|---|---|---|---|
| ISA | Yes | No | |
| SIPP | Yes | No | |
| Share Trading | Yes | Yes | |
| CFD Trading | Yes | No | |
| Funds | Yes | No | |
| ETFs | Yes | No | |
| Bonds - Corporate | Yes | No | |
| Bonds - Government (Gilts) | Yes | No | |
| Investment Trusts | Yes | No | |
| Spread Betting | No | No | |
| Crypto Trading | No | No | |
| Advisor Services | No | No |
| Trading Fees | Saxo | Robinhood UK | |
|---|---|---|---|
| Minimum Deposit | £0 | £0 | |
| Share Trading: 0-9 Deals/ Month | From £3 or 0.08% | £0 | |
| Share Trading: 10-19 Deals/ Month | From £3 or 0.08% | £0 | |
| Share Trading: 20+ Deals/ Month | From £3 or 0.08% | £0 | |
| 5 trades per year (£30k portfolio) | 0.12% + 0.08% (or £3) per trade: a minimum of £51 | £0 | |
| 12 trades per year (£30k portfolio) | 0.12% + 0.08% (or £3) per trade: a minimum of £72 | £0 | |
| 36 trades per year (£30k portfolio) | 0.12% + 0.08% (or £3) per trade: a minimum of £144 | £0 | |
| 120 trades per year (£30k portfolio) | 0.12% + 0.08% (or £3) per trade: a minimum of £396 | £0 | |
| 3 fund trades per year (£30k portfolio) | 0.4% + 0% commission: £120 | N/A | |
| Annual Custody Fee: £0 - £250,000 | Up to £800 | £0 | |
| Annual Custody Fee: £250K-£500K | £500 to £1,000 | £0 | |
| Annual Custody Fee: £500,000 - £1m | Up to £1,998 | £0 | |
| Annual Custody Fee: £1m and over | £1,000 | £0 | |
| Bonds - Corporate - Fee | €20 minimum | N/A | |
| Bonds - Government (Gilts) - Fee | €20 minimum | N/A | |
| ETFs - Fee | From $1 | £0 | |
| Investment Trusts - Fee | From $1 / £3 / €10 | N/A | |
| Telephone Dealing Fee | £50 | N/A |
| Broker Screenshots | Saxo | Robinhood UK | |
|---|---|---|---|
| Website Gallery (click to expand) |
| ||
| Mobile Trading Apps Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Platforms & Tools | Saxo | Robinhood UK | |
|---|---|---|---|
| Web Platform | Yes | Yes | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 64 | 3 | |
| Charting - Drawing Tools | 20 | 0 | |
| Charting - Notes | Yes | No | |
| Charting - Display Corporate Events | No | No | |
| Charting - Stock Overlays | Yes | No | |
| Charting - Index Overlays | Yes | No |
| Research | Saxo | Robinhood UK | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | Yes | No | |
| Research - Funds | Yes | No | |
| Fund Research - Research Reports | Yes | No | |
| Research - ETFs | Yes | Yes | |
| Research - Bonds | Yes | No | |
| Portfolio Allocation Breakdown | Yes | No |
| Education | Saxo | Robinhood UK | |
|---|---|---|---|
| Education (Share Trading) | No | Yes | |
| Education (Funds) | No | No | |
| Education (Retirement) | No | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No |
| Overall Summary | Saxo | Robinhood UK | |
|---|---|---|---|
| Overall Rating |
|
| |
| Charges & Fees |
|
| |
| Investment Choices |
|
| |
| Mobile App |
|
| |
| Website |
|
| |
| Ease of Use |
|
| |
| Education |
|
| |
| Review | Saxo Review | Robinhood UK Review | |
| Winner | check_circle |
IG Group Review
Saxo Review
eToro Review
Interactive Brokers Review
Trading 212 Review
XTB Review
CMC Invest Review
Vanguard Review
Hargreaves Lansdown Review
Halifax Review
Freetrade Review