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, Robinhood UK offers better pricing than Saxo 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.
If you're exploring investment platforms in the UK, Saxo and Robinhood UK offer quite different experiences. Both allow you to trade shares, but the options diverge significantly beyond that. Saxo provides a more comprehensive range of investment choices, including ETFs, CFDs, corporate and government bonds, funds, and investment trusts. Robinhood UK, on the other hand, focuses primarily on share trading without the added variety of ETFs, CFDs, or bonds trading.
Reflecting this broader selection, Saxo receives a glowing 5-star rating from UK.StockBrokers.com for its diverse investment options, securing the top rank among 18 brokers. In contrast, Robinhood UK holds a 3-star rating and is positioned at the bottom of the pack, ranked 20th. If you're seeking a platform with expansive trading possibilities beyond just shares, Saxo might be the preferable choice. However, both platforms do not currently support crypto trading, spread betting, or advisory services.
| 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 |
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Professional’s Gateway to the World’s Markets.
Low-cost US and UK shares.
When comparing Saxo to Robinhood UK for online trading, investors will find distinct differences in charting features and tools. Saxo provides a more versatile charting experience with 20 drawing tools and 64 technical indicators available for traders, whereas Robinhood UK lacks any drawing tools and offers only 3 technical indicators. Additionally, Saxo allows users to enhance their chart analysis by adding notes, index overlays, and stock overlays, none of which are options in Robinhood UK's platform.
Both Saxo and Robinhood UK offer a browser-based trading platform, along with real-time market data and the capability to set alerts for stock price updates. However, neither platform includes the ability to display corporate events like earnings, splits, or dividends on charts. With its range of charting functionalities, Saxo may appeal more to seasoned traders, while Robinhood UK might be suited for those who prefer a simpler, more straightforward interface.
| 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 comparing Saxo to Robinhood UK, particularly in terms of the retirement accounts they provide, Saxo clearly stands out for UK investors seeking tax-efficient options. Saxo offers both ISA and SIPP accounts, allowing users to save for retirement while potentially benefiting from tax advantages. In contrast, Robinhood UK does not currently provide ISA or SIPP options, which may limit its appeal to those prioritizing retirement savings. For investors in the UK who are focused on maximizing their tax-efficient investment strategies, Saxo provides a more comprehensive suite of retirement account options than Robinhood UK.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
For those trading on the go, both Saxo and Robinhood UK offer mobile apps available for iPhone and Android users. Saxo stands out with its mobile app, receiving a top rating of 5 stars from UK.StockBrokers.com and clinching the #1 spot among 18 brokers. In comparison, Robinhood UK’s mobile app holds a respectable 4-star rating and ranks #13. Whether you prioritize the highest ratings or a straightforward platform, these options cater to your investing needs on mobile devices.
Dive deeper: Best Stock Trading Apps UK.
When comparing beginner investor education between Saxo and Robinhood UK, Saxo stands out with live and on-demand educational webinars, offering a rich resource for those keen to learn at their own pace. In contrast, Robinhood UK does not host webinars, which might limit its educational reach. While Saxo does not cover topics like share trading or funds, it compensates with a top rating of 5 stars for beginner education from UK.StockBrokers.com, ranking 3rd among 18 brokers. Robinhood UK does provide some education on share trading but lacks in other areas, receiving a 3.5-star rating and ranking 20th, highlighting a significant difference in educational support for new investors in the UK market.
| 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 |
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|
Dive deeper: Best UK Trading Platforms for Beginners.
When comparing Saxo to Robinhood UK for market research features, Saxo stands out with a comprehensive array of options ideal for UK investors keen on detailed insights. Saxo provides research reports for funds and gives users the ability to view portfolio allocation by asset class, both features absent in Robinhood UK. Both platforms offer research on shares and ETFs, but Saxo also covers funds, CFDs, and bonds, giving users more depth for informed decision-making in financial markets. Robinhood UK, on the other hand, lacks these additional insights, potentially limiting the information users need for a well-rounded investment strategy.
| 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
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Robinhood UK
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|---|---|---|
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When comparing online brokers Saxo and Robinhood UK, it is notable that neither platform currently offers cryptocurrency trading options.
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0 of 5| Overall Rating | Saxo | Robinhood UK | |
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| 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) |
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| Mobile Trading Apps Gallery (click to expand) |
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| Education Gallery (click to expand) |
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| 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 | |
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| Review | Saxo Review | Robinhood UK Review | |
| Winner | check_circle |
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