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XTB vs Saxo 2025

StockBrokers.com

Written by StockBrokers.com

April 17, 2025

In this head to head comparison of XTB vs Saxo, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.

XTB
4.5/5 Stars Overall
  • Minimum Deposit: £0
  • ISA: Yes
  • SIPP:
Saxo
4.5/5 Stars Overall
  • Minimum Deposit: £0
  • ISA: Yes
  • SIPP: Yes

Fees

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, XTB 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 - XTB 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 - XTB 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 - XTB 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 - XTB 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 - XTB would cost £0 per year, while Saxo would cost £0 per year.

query_stats 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.

Investment Choices

For UK investors exploring the offerings of XTB and Saxo, both online brokers present appealing options in key investment categories. XTB provides trading opportunities in shares, ETFs, and CFDs, while Saxo mirrors these choices and extends its range to include funds, corporate bonds, and gilts. Saxo's more extensive product lineup positions it as a versatile choice for those looking to diversify their portfolios, offering a wider selection compared to XTB, which focuses on core trading activities without dipping into bonds or mutual funds.

According to UK.StockBrokers.com, Saxo's comprehensive investment options earn it a top rank, placing first out of 21 brokers reviewed, with an impressive rating of 5 stars. In contrast, XTB, although rated a respectable 4.5 stars, holds the 13th spot due to its narrower range of offerings. For investors in the UK seeking a broad spectrum of investment choices, Saxo stands out as a premier option, whereas XTB appeals to those prioritizing straightforward access to shares, ETFs, and CFDs.

Feature XTB logoXTB
Saxo logoSaxo
Share Trading info Yes Yes
CFD Trading info Yes Yes
ETFs info Yes Yes
Funds info Yes
Bonds - Government (Gilts) info Yes
Investment Trusts info Yes
Spread Betting info Yes
Crypto Trading info
Advisor Services info
Investment Choices 4.5/5 Stars 5/5 Stars

Featured Offers


4.5/5 Stars

Low-cost US and UK shares.

4.5/5 Stars

Professional’s Gateway to the World’s Markets.

Trading Tools

When comparing the trading tools offered by XTB and Saxo to UK readers, both platforms deliver a user-friendly experience but with distinct features. XTB allows users to display corporate events directly on charts, a feature that Saxo lacks. However, Saxo excels in the number of technical indicators available, providing 64 compared to XTB’s 39. Both brokers offer an equal number of drawing tools, totaling 20 on each platform, and both allow traders to add notes to their charts to keep track of important insights.

Saxo further distinguishes itself by offering index and stock overlays on charts, while XTB does not include this feature. Both brokers make trading accessible via browser-based platforms and provide the capability to create alerts for stock price updates. Additionally, real-time market data is a standard offering for both XTB and Saxo, ensuring that traders have up-to-date information at their fingertips. This array of features makes both brokers compelling choices, though Saxo might appeal more to those seeking advanced charting functionalities.

Feature XTB logoXTB
Saxo logoSaxo
Web Platform info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 39 64
Charting - Drawing Tools info 20 20
Charting - Notes info Yes Yes
Charting - Display Corporate Events info Yes
Charting - Stock Overlays info Yes
Charting - Index Overlays info Yes

ISAs and SIPPs

When comparing online brokers XTB and Saxo for retirement accounts in the UK, both companies offer Individual Savings Accounts (ISAs) to their clients, providing a tax-efficient method of saving and investing. However, Saxo holds an advantage for those interested in Self-Invested Personal Pension (SIPP) accounts, as it offers this option for individuals looking to take more control over their pension savings. XTB, on the other hand, does not currently provide SIPP accounts, which may be a consideration for investors focused on retirement planning flexibility.

Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.

Mobile App

XTB and Saxo both provide iPhone and Android apps for their users in the UK, ensuring convenient access to trading on the go. When rated by UK.StockBrokers.com, XTB's mobile app receives a commendable rating of 4.5 stars, placing it at a respectable 6th position out of 21 brokers for mobile app offerings. Conversely, Saxo's mobile app earns a top-notch 5-star rating, securing the coveted 1st position in the same ranking. This indicates a slightly superior mobile app experience with Saxo compared to XTB, according to these reviews.

Dive deeper: Best Stock Trading Apps UK.

Beginners and Education

For UK beginners seeking educational resources on online trading, Saxo Bank holds a slight edge over XTB. While both brokers provide resources for share trading, Saxo offers educational client webinars, including archived sessions accessible on-demand, whereas XTB does not. Although neither platform features educational content specifically targeting funds or retirement, Saxo's comprehensive webinar offerings contribute to its higher beginner education rating of 5 stars from UK.StockBrokers.com, compared to XTB's 4.5 stars. Consequently, Saxo ranks third among 21 brokers for beginner education, surpassing XTB's ninth place position, indicating a more comprehensive educational support structure for new investors.

Feature XTB logoXTB
Saxo logoSaxo
Client Webinars info Yes
Client Webinars (Archived) info Yes
Education (Share Trading) info Yes
Education (Funds) info
Education (Retirement) info
Education 4.5/5 Stars 5/5 Stars

Dive deeper: Best UK Trading Platforms for Beginners.

Market Research

When comparing XTB and Saxo for market research features, UK investors will find distinct differences and similarities. Both platforms provide insights into portfolio allocation by asset class and offer comprehensive research for shares, ETFs, and CFDs. However, Saxo takes the lead in research capabilities by providing detailed reports for funds and bonds, which XTB does not currently offer. Whether you are looking for the depth of research for diverse financial products or analyzing your portfolio by asset class, both XTB and Saxo provide useful tools, though Saxo offers a broader array of research options.

Feature XTB logoXTB
Saxo logoSaxo
Research - Shares info Yes Yes
Research - CFDs info Yes Yes
Research - ETFs info Yes Yes
Research - Bonds info Yes
Research - Funds info Yes
Fund Research - Research Reports info Yes
Portfolio Allocation Breakdown info Yes Yes

XTB vs Saxo Winner

Which broker is better overall, XTB or Saxo? After collecting more than 900 data points over a 10-week period, we found XTB to be a better trading platform overall.

XTB has set itself up as a strong competitor in commission-free share trading. Its low fees and solid educational content will make XTB particularly attractive to newer investors. It does not, however, offer an ISA or SIPP.

Feature XTB logoXTB
Saxo logoSaxo
Overall Rating 4.5/5 Stars 4.5/5 Stars
Charges & Fees 5/5 Stars 4/5 Stars
Investment Choices 4.5/5 Stars 5/5 Stars
Mobile App 4.5/5 Stars 5/5 Stars
Website 4/5 Stars 5/5 Stars
Ease of Use 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 5/5 Stars

FAQs

Can you trade cryptocurrency with XTB or Saxo?

Both XTB and Saxo offer cryptocurrency trading, providing investors with access to a range of digital assets through their robust online brokerage platforms.

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Compare

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Overall Rating XTB Saxo
Overall Rating 4.5/5 Stars 4.5/5 Stars
Charges & Fees 5/5 Stars 4/5 Stars
Investment Choices 4.5/5 Stars 5/5 Stars
Mobile App 4.5/5 Stars 5/5 Stars
Website 4/5 Stars 5/5 Stars
Ease of Use 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 5/5 Stars
Review XTB Review Saxo Review
Winner check_circle
Investments XTB Saxo
ISA info Yes Yes
SIPP info Yes
Share Trading info Yes Yes
CFD Trading info Yes Yes
Funds info Yes
ETFs info Yes Yes
Bonds - Corporate info Yes
Bonds - Government (Gilts) info Yes
Investment Trusts info Yes
Spread Betting info Yes
Crypto Trading info
Advisor Services info
Trading Fees XTB Saxo
Minimum Deposit info £0 £0
Share Trading: 0-9 Deals/ Month info £0 From £3 or 0.08%
Share Trading: 10-19 Deals/ Month info £0 From £3 or 0.08%
Share Trading: 20+ Deals/ Month info £0 From £3 or 0.08%
5 trades per year (£30k portfolio) info £0 0.12% + 0.08% (or £3) per trade: a minimum of £51
12 trades per year (£30k portfolio) info £0 0.12% + 0.08% (or £3) per trade: a minimum of £72
36 trades per year (£30k portfolio) info £0 0.12% + 0.08% (or £3) per trade: a minimum of £144
120 trades per year (£30k portfolio) info £0 0.12% + 0.08% (or £3) per trade: a minimum of £396
3 fund trades per year (£30k portfolio) info N/A 0.4% + 0% commission: £120
Annual Custody Fee: £0 - £250,000 info 0 Up to £800 info
Annual Custody Fee: £250K-£500K info 0 £500 to £1,000
Annual Custody Fee: £500,000 - £1m info 0 Up to £1,998
Annual Custody Fee: £1m and over info 0 £1,000
Bonds - Corporate - Fee info N/A €20 minimum
Bonds - Government (Gilts) - Fee info N/A €20 minimum
ETFs - Fee info £0 From $1
Investment Trusts - Fee info N/A From $1 / £3 / €10
Telephone Dealing Fee info N/A £50
Broker Screenshots XTB Saxo
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Platforms & Tools XTB Saxo
Web Platform info Yes Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 39 64
Charting - Drawing Tools info 20 20
Charting - Notes info Yes Yes
Charting - Display Corporate Events info Yes
Charting - Stock Overlays info Yes
Charting - Index Overlays info Yes
Research XTB Saxo
Research - Shares info Yes Yes
Research - CFDs info Yes Yes
Research - Funds info Yes
Fund Research - Research Reports info Yes
Research - ETFs info Yes Yes
Research - Bonds info Yes
Portfolio Allocation Breakdown info Yes Yes
Education XTB Saxo
Education (Share Trading) info Yes
Education (Funds) info
Education (Retirement) info
Client Webinars info Yes
Client Webinars (Archived) info Yes
Overall Summary XTB Saxo
Overall Rating 4.5/5 Stars 4.5/5 Stars
Charges & Fees 5/5 Stars 4/5 Stars
Investment Choices 4.5/5 Stars 5/5 Stars
Mobile App 4.5/5 Stars 5/5 Stars
Website 4/5 Stars 5/5 Stars
Ease of Use 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 5/5 Stars
Review XTB Review Saxo Review
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