Yes, as well as being one of the best trading platforms, Saxo also have very good investment accounts for long-term investments. Saxo has recently introduced mutual funds for investors who want to quickly build a diversified portfolio.
For income investors, you can access a huge range of retail and institutional-grade bonds.
But, I would say that Saxo remains more of a trading platform than an investing account. So if you are primarily a high-risk trader and you want to incorporate some longer-term “safer” investments into your portfolio, Saxo is a good place to invest alongside your shorter-term speculation. Saxo is also one of the best brokers to receive interest on your uninvested cash.
Compared to other retail investing accounts like eToro, Saxo is a much better option because of market range, customer service and tax free wrappers like ISAs and SIPPs.
Saxo General Investment Account Review
Name: Saxo General Investment Account
Description: Saxo’s GIA is one of the most advanced accounts for UK long-term investors with access to more than 50 stock exchanges around the world with 22,000 instruments available to invest in. Saxo Markets’ forte is as a trading platform for professional and institutional short and medium-term speculators as they provide direct market access and very low commissions. A good choice for large active investors.
Summary
- Investments: Shares, ETFs, funds, bonds
- Minimum deposit: £1
- Account types: GIA, ISA, SIPP, derivatives
- Account charge: €10 per month or 0.12%
- Dealing fee: Shares 0.1% – 0.05%
Fees:
Saxo Markets charge EUR10 a month or 0.12% a year based on the value of your portfolio (depending on which is higher). If you have a VIP account this fee is reduced to 0.08%. Dealing charges are commission based as a percentage of transaction size. They are very competitive, though and UK shares trading commission starts at 0.1% (£100 if you buy £100,000 worth of stock) and drops to 0.05% for more active traders.
Special Offers:
- Platinum – if you have £200,000 or more on account, you can apply for 30% lower transaction and account costs.
- VIP – For accounts with portfolios over £1m, you get even better pricing, direct connection to experts, 1:1 SaxoStrats access and propriety event invitations.
Investment Platform:
Saxo Markets’ investment platform provides exceptional access to the global markets.
Pros
- Direct market access
- Excellent platform
- Low commissions
Cons
- May be too complicated for beginners
- Subscription fees for live pricing
-
Pricing
(4.5)
-
Market Access
(4)
-
Online Platform
(5)
-
Customer Service
(4)
-
Research & Analysis
(4)
Overall
4.3- Expert opinion: Saxo Markets reviewed & rated
Compare Saxo against other general investment accounts below:
| GIA Account | GIA Account Fee | Min Deposit | DIY or Managed | GMG Rating | More Info |
|---|---|---|---|---|---|
 | From £4.99 a month | £1 | DIY | Visit Broker Capital at risk |
|
 | Shares: £0 Funds: 0.45% | £1 | DIY | Visit Broker Capital at risk |
|
 | 0.25% (capped at £3.50 pm) | £500 | DIY | Visit Broker Capital at risk |
|
 | 0.75%-0.45% | £500 | Managed | Visit Broker Capital at risk |
|
 | 0.75% | £500 | Managed | Visit Broker Capital at risk |
|
 | £0 | £1 | DIY | Visit Broker Capital at risk |
|
 | £24 per quarter | £250 | DIY & Managed | Visit Broker Capital at risk |
|
 | €10 per month or 0.12% | £1 | DIY | Visit Broker Capital at risk |
|
 | 0.6% | £1 | Managed | Visit Broker Capital at risk |
|
 | 0.2% to 0.4% | £1 | DIY & Managed | Visit Broker Capital at risk |
|
 | 0.15% | £1 | DIY | Visit Broker Capital at risk |
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
You can contact Richard at richard@goodmoneyguide.com
