Written by StockBrokers.com
In this head to head comparison of Trading 212 vs Saxo, 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, Trading 212 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 - Trading 212 would cost £0 per year, while Saxo would cost 0.12% + 0.08% (or £3) per trade: a minimum of £51 per year.
12 trades per year - Trading 212 would cost £0 per year, while Saxo would cost 0.12% + 0.08% (or £3) per trade: a minimum of £72 per year.
36 trades per year - Trading 212 would cost £0 per year, while Saxo would cost 0.12% + 0.08% (or £3) per trade: a minimum of £144 per year.
120 trades per year - Trading 212 would cost £0 per year, while Saxo would cost 0.12% + 0.08% (or £3) per trade: a minimum of £396 per year.
3 fund trades per year - Trading 212 would cost £1 per year, while Saxo 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 exploring investment choices, both Trading 212 and Saxo offer a variety of options for their users. Trading 212 provides opportunities to trade shares, ETFs, CFDs, and investment trusts, making it an attractive option for many investors. However, it lacks offerings in crypto, spread betting, funds, bonds, and advisor services, securing a UK.StockBrokers.com rating of 4.5 stars and a ranking of number 11 out of 18 brokers for investment choices.
In comparison, Saxo provides a broader range of investment choices, allowing trading in shares, ETFs, CFDs, investment trusts, as well as funds and both corporate and government bonds. Despite not offering crypto trading, spread betting, or advisor services, Saxo earns a 5-star rating from UK.StockBrokers.com for investment choices and is ranked first among 18 brokers. This makes it a strong contender for investors seeking a more comprehensive market exposure.
| Feature |
Trading 212
|
Saxo
|
|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | Yes | Yes |
| ETFs | Yes | Yes |
| Funds | No | Yes |
| Bonds - Government (Gilts) | No | Yes |
| Investment Trusts | Yes | Yes |
| 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 online trading platforms Trading 212 and Saxo, both offer robust browser-based trading experiences, real-time market data, and the ability to create stock price alerts, catering to both novice and experienced traders. They also provide features to add notes directly to charts for easy information logging. However, neither platform currently offers the functionality to display corporate events like earnings or dividends on their charts.
In terms of charting tools, Trading 212 offers a slight edge with 27 drawing tools compared to Saxo's 20. Additionally, Trading 212 provides a broader selection of technical indicators, boasting 106 compared to Saxo's 64. Saxo differentiates itself by allowing users to overlay indexes and stocks onto charts, a capability not found on Trading 212. Each platform has its strengths, making it essential for traders to evaluate which specific tools align best with their trading needs.
| Feature |
Trading 212
|
Saxo
|
|---|---|---|
| Web Platform | Yes | Yes |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 106 | 64 |
| Charting - Drawing Tools | 27 | 20 |
| Charting - Notes | Yes | Yes |
| Charting - Display Corporate Events | No | No |
| Charting - Stock Overlays | No | Yes |
| Charting - Index Overlays | No | Yes |
When comparing online brokers Trading 212 and Saxo, a few key differences emerge around their retirement account options. Both platforms offer ISA (Individual Savings Account) options, allowing users to save in a tax-friendly manner. However, if you're interested in setting up a SIPP (Self-Invested Personal Pension) account, Saxo stands out by offering this retirement savings option, while Trading 212 currently does not. This distinction could be crucial for those focusing on long-term pension savings.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
Both Trading 212 and Saxo offer iPhone and Android mobile apps, making online trading accessible and convenient for users on the go. UK.StockBrokers.com rates both platforms at an impressive 5 stars for their mobile app experience, underscoring the quality and functionality both offer. However, when comparing overall rankings out of 18 brokers, Trading 212 is positioned at #9, while Saxo leads the pack at #1, highlighting Saxo's superior standing in mobile app performance according to UK.StockBrokers.com. Whether you prioritize app features or overall app excellence, both platforms provide strong options for mobile trading enthusiasts.
Dive deeper: Best Stock Trading Apps UK.
When comparing the educational resources for beginner investors offered by Trading 212 and Saxo, both brokers have their strengths. Trading 212 provides focused education on share trading and funds, making it a solid choice for those keen on these areas. However, it lacks webinars and on-demand educational content, which Saxo offers extensively. Saxo excels with live and archived webinars, providing broader learning opportunities. While Trading 212 boasts a commendable 4-star rating for beginner education by UK.StockBrokers.com, Saxo surpasses it with a 5-star rating, ranking 2nd out of 18 brokers. Trading 212, ranked 11th, is still a viable option, especially if your interests align with its specialization. Overall, Saxo stands out for its comprehensive educational offerings, making it more suited for those who prefer interactive learning experiences.
| Feature |
Trading 212
|
Saxo
|
|---|---|---|
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | Yes |
| Education (Share Trading) | Yes | No |
| Education (Funds) | Yes | No |
| Education (Retirement) | No | No |
| Education |
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|
Dive deeper: Best UK Trading Platforms for Beginners.
When comparing the market research features of Trading 212 and Saxo, it's clear that Saxo offers a more comprehensive range of research reports. While both platforms provide insights into portfolio allocation by asset class, and offer research on shares, ETFs, and CFDs, Saxo stands out by also delivering research reports for funds and bonds, which Trading 212 does not provide. For investors seeking in-depth coverage, particularly in funds and bonds, Saxo offers a more robust research platform, whereas Trading 212 caters effectively to those primarily interested in shares, ETFs, and CFDs.
| Feature |
Trading 212
|
Saxo
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - CFDs | Yes | Yes |
| Research - ETFs | Yes | Yes |
| Research - Bonds | No | Yes |
| Research - Funds | No | Yes |
| Fund Research - Research Reports | No | Yes |
| Portfolio Allocation Breakdown | Yes | Yes |
Which broker is better overall, Trading 212 or Saxo? After collecting more than 900 data points over a 10-week period, we found Trading 212 to be a better trading platform overall.
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.
| Feature |
Trading 212
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Saxo
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|---|---|---|
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Both Trading 212 and Saxo do not offer crypto trading, making them similar choices for investors seeking platforms without cryptocurrency options.
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0 of 5| Overall Rating | Trading 212 | Saxo | |
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| Review | Trading 212 Review | Saxo Review | |
| Winner | check_circle |
| Investments | Trading 212 | Saxo | |
|---|---|---|---|
| ISA | Yes | Yes | |
| SIPP | No | Yes | |
| Share Trading | Yes | Yes | |
| CFD Trading | Yes | Yes | |
| Funds | No | Yes | |
| ETFs | Yes | Yes | |
| Bonds - Corporate | No | Yes | |
| Bonds - Government (Gilts) | No | Yes | |
| Investment Trusts | Yes | Yes | |
| Spread Betting | No | No | |
| Crypto Trading | No | No | |
| Advisor Services | No | No |
| Trading Fees | Trading 212 | Saxo | |
|---|---|---|---|
| Minimum Deposit | £1 | £0 | |
| Share Trading: 0-9 Deals/ Month | £0 | From £3 or 0.08% | |
| Share Trading: 10-19 Deals/ Month | £0 | From £3 or 0.08% | |
| Share Trading: 20+ Deals/ Month | £0 | From £3 or 0.08% | |
| 5 trades per year (£30k portfolio) | £0 | 0.12% + 0.08% (or £3) per trade: a minimum of £51 | |
| 12 trades per year (£30k portfolio) | £0 | 0.12% + 0.08% (or £3) per trade: a minimum of £72 | |
| 36 trades per year (£30k portfolio) | £0 | 0.12% + 0.08% (or £3) per trade: a minimum of £144 | |
| 120 trades per year (£30k portfolio) | £0 | 0.12% + 0.08% (or £3) per trade: a minimum of £396 | |
| 3 fund trades per year (£30k portfolio) | £0 | 0.4% + 0% commission: £120 | |
| Annual Custody Fee: £0 - £250,000 | £0 | Up to £800 | |
| Annual Custody Fee: £250K-£500K | £0 | £500 to £1,000 | |
| Annual Custody Fee: £500,000 - £1m | £0 | Up to £1,998 | |
| Annual Custody Fee: £1m and over | £0 | £1,000 | |
| Bonds - Corporate - Fee | N/A | €20 minimum | |
| Bonds - Government (Gilts) - Fee | N/A | €20 minimum | |
| ETFs - Fee | 0 | From $1 | |
| Investment Trusts - Fee | 0 | From $1 / £3 / €10 | |
| Telephone Dealing Fee | N/A | £50 |
| Broker Screenshots | Trading 212 | Saxo | |
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| Platforms & Tools | Trading 212 | Saxo | |
|---|---|---|---|
| Web Platform | Yes | Yes | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 106 | 64 | |
| Charting - Drawing Tools | 27 | 20 | |
| Charting - Notes | Yes | Yes | |
| Charting - Display Corporate Events | No | No | |
| Charting - Stock Overlays | No | Yes | |
| Charting - Index Overlays | No | Yes |
| Research | Trading 212 | Saxo | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | Yes | Yes | |
| Research - Funds | No | Yes | |
| Fund Research - Research Reports | No | Yes | |
| Research - ETFs | Yes | Yes | |
| Research - Bonds | No | Yes | |
| Portfolio Allocation Breakdown | Yes | Yes |
| Education | Trading 212 | Saxo | |
|---|---|---|---|
| Education (Share Trading) | Yes | No | |
| Education (Funds) | Yes | No | |
| Education (Retirement) | No | No | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes |
| Overall Summary | Trading 212 | Saxo | |
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| Review | Trading 212 Review | Saxo Review | |
| Winner | check_circle |
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