Saxo Markets vs Trading 212 2023

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.

Trading 212 offers commission-free share dealing and is a great option for those looking to simply execute share or ETF trades. Novice investors or those looking for more diversification through mutual funds may find better options elsewhere.

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, Trading 212 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.

5 trades per year - Saxo Markets would cost 0.12% (minimum £120) per year, while Trading 212 would cost £0 per year.

12 trades per year - Saxo Markets would cost 0.12% (minimum £120) per year, while Trading 212 would cost £0 per year.

36 trades per year - Saxo Markets would cost 0.12% (minimum £120) per year, while Trading 212 would cost £0 per year.

120 trades per year - Saxo Markets would cost 0.12% (minimum £120) per year, while Trading 212 would cost £0 per year.

3 fund trades per year - Saxo Markets would cost £0.0 per year, while Trading 212 would cost £1.0 per year.

Saxo Markets requires a minimum deposit of £0.0, while Trading 212 requires a minimum deposit of £1.0. From our testing we found for accounts between £0 - £250,000 Saxo Markets charges annual custody fees of 0.4% p.a. up to £200k; 0.2% p.a. after £200k, while Trading 212 charges annual custody fees of £0.

Saxo Markets offers investors access to ISA, SIPP, Share Trading, CFD Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts, while Trading 212 offers investors access to ISA, Share Trading, CFD Trading, ETFs and Investment Trusts. Neither have Spread Betting, Crypto Trading 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.

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 Markets offers traders access to SIPP and ISA accounts, while Trading 212 offers traders access to ISA accounts.

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 neither Saxo Markets nor Trading 212 offer crypto investing.

Our testing concluded that the website of Saxo Markets is better than the website of Trading 212. Saxo Markets offers more functionality, is cleanly designed, and is, overall, easier to use for beginners and casual investors.

To compare the trading platforms of both Saxo Markets and Trading 212, we tested each broker's stock trading app. All features compared, our analysis finds that Saxo Markets offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.

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 Markets offers traders access to Client Webinars and Client Webinars (Archived), while Trading 212 offers access to Education (Share Trading) and Education (Funds). Neither have Education (Retirement).