Yes, you can deal shares directly on exchange with Saxo. In fact, Saxo is one of the best DMA brokers for trading shares inside the bid/offer price as you can place your orders directly on the order book.
As Saxo is a prime broker with a retail and institutional client base, they are one of the best share dealing platforms for larger customers.
However, there are some downsides. Firstly they do not offer acesss to smaller cap shares on their trading platform like brokers Spreadex and IG, who have a much braoder range of shares to trade online.
Secondly, you cannot trade shares as financial spread bets (where profits are free of capital gains tax).
Finally, the cost of dealing shares with Saxo is higher than with a broker like Interactive Brokers. But Saxo wins hands down when it comes to customer services, research and analysis.
Saxo Markets Share Dealing Review
Name: Saxo Markets Share Dealing
Description: Saxo Markets’ platform has share dealing on more than 50 stock exchanges around the world with 22,000 shares available for investors. Making it one of the most diverse investment platforms for share dealing in the UK. Its forte is on the trading side for traders that need direct market access and are more price-sensitive to bid/offer spreads.
Capital at risk.
A good share dealing platform for sophisticated and advanced investors who also need direct access to capital markets.
- Investments: Shares, ETFs, funds & bonds
- Minimum deposit: £500
- Account types: GIA, ISA, SIPP, CFDs
- Share dealing account charge: 0.12%
- Share dealing fee: 0.1%
Fees: Saxo Markets charges a share dealing commission based on a percentage of transaction size. They are very competitive though, and UK share dealing commission starts at 0.1% (£100 if you buy £100,000 worth of stock) and drops to 0.05% for more active traders.
- Wide market access
- Excellent platform
- Low commissions of 0.10% or £8*
- More suited to high-risk share dealing
Research & Analysis
- Expert opinion: Saxo Markets reviewed & rated