Does Saxo have an ISA and is it better than IBKR’s?

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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 Stocks & Shares ISA Review
Saxo Markets

Name: Saxo Markets Stocks & Shares ISA

Description: Saxo Markets’ platform lets you invest in more than 11,000 ISA-eligible stocks, ETFs, bonds and commodities, from 60 leading exchanges worldwide.
Capital at risk.

Summary

  • 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.

Pros

  • ISA investing with direct market access
  • Excellent ISA investment platform
  • Low ISA dealing commissions

Cons

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