Is Saxo’s investing app good for longer term investors?

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Yes, even though Saxo is traditionally a trading platform for short-term speculation on the markets going up or down. It is also an excellent choice for longer-term investors as Saxo is a very well-capitalised company, heavily regulated in the UK and all the regions they operates in, and has excellent customer service for small and large customers.

Saxo Markets App Review
Saxo Markets

Name: Saxo Markets App

Description: Saxo Markets investing app is a good choice if you are a sophisticated investor and want to manage every aspect of your portfolio actively and need an established platform. Saxo Markets app also has some of the best pricing and order execution types, meaning you can work large orders on the move as well as from their standard desktop platform.
Capital at risk.

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.

Investing App:

Saxo Markets Investing App

Pros

  • Direct market access
  • Excellent platform
  • Low commissions

Cons

  • May be too complicated for beginners
  • Subscription fees for live pricing
  • Pricing
    (4)
  • Market Access
    (4.5)
  • Online Platform
    (4.5)
  • Customer Service
    (4.5)
  • Research & Analysis
    (4.5)
Overall
4.4

Saxo Investing App (iPhone) Video Walkthrough

YouTube video

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