Yes, Saxo does have an ISA and it is better than Interactive Brokers’ ISA (for some things but not everything). For instance, Saxo’s ISA is cheap, but IBKR’s is free. But, Saxo has better customer service, which in my mind is very important. It’s a close call between IBKR and Saxo, but overall I’d say as the services the two brokers are so similar, IBKR has the better ISA purely based on the price differential.
Saxo Markets’ platform lets you invest in more than 11,000 ISA-eligible stocks, ETFs, bonds and commodities, from 60 leading exchanges worldwide
- Investments: Shares, ETFs, funds, bonds
- Minimum deposit: £1
- ISA account charge: €10 per month or 0.12%
- ISA dealing fee: Shares 0.1% – 0.05%
Fees: Saxo Markets charge a custody fee of 0.12% for an ISA. when you buy and sell shares Saxo Markets charges a commission based on 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.
Compare Saxo’s ISA to other Stocks and Shares ISA accounts below:
| Investment ISA | DIY or Managed | Minimum Deposit | ISA Account Fees | GMG Rating | More Info |
|---|---|---|---|---|---|
 | DIY | £1 | £4.99 a month | Visit Broker Capital at risk |
|
 | DIY | £1 | 0.45% per year | Visit Broker Capital at risk |
|
 | DIY | £500 | 0.25% per year | Visit Broker Capital at risk |
|
 | Managed | £500 | 0.75% | Visit Broker Capital at risk |
|
 | Managed | £500 | 0.75% | Visit Broker Capital at risk |
|
 | DIY | £1 | £0 | Visit Broker Capital at risk |
|
 | DIY | £1 | £0 | Visit Broker Capital at risk |
|
 | Managed | £1 | 0.6% | Visit Broker Capital at risk |
|
 | DIY | £1 | 0.2% | Visit Broker Capital at risk |
|
 | DIY | £1 | 0.12% per year | Visit Broker Capital at risk |
|
 | Managed | £100 | 0.15% | 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
