Saxo Stocks & Shares ISA Review: Now with up to £1,000 cash back
Is Saxo's ISA any good?
Saxo 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.
Is Saxo’s ISA better than IBKR’s?
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.
Special Offers:
Saxo are offering up between £100 and £1,000 cashback if you transfer an ISA to Saxo, which is open to both new and existing customers before the 30th April.
Pros
- Huge range of investments
- DMA market access
- Professional platform
Cons
- Cost for live pricing
- Some high risk products
- Pricing (4.5)
- Market Access (5)
- App & Platform (5)
- Customer Service (5)
- Research & Analysis (5)
Overall
4.9Compare Saxo’s ISA to other Stocks and Shares ISA accounts below:
| Investment ISA | ISA Annual Fees | DIY or Managed | Transfer Offer | Customer Rating | More Info |
|---|---|---|---|---|---|
 | £96 | Both | Cash Back | (Based on 678 reviews) | See Offer* Capital at risk |
 | £59.88 | Both | Free Trades | (Based on 1,119 reviews) | See Offer Capital at risk |
 | 0.25% - 0% | Both | Bonus | (Based on 1,616 reviews) | See Offers Capital at risk |
 | 0% | DIY | ❌ | (Based on 275 reviews) | See Offer Capital at risk |
 | 0.6% | Managed | Cash Back | (Based on 2,564 reviews) | See Offer Capital at risk |
 | £0 | Both | ❌ | (Based on 934 reviews) | See Offer Capital at risk |
 | 0.75% - 0% | Both | ❌ | (Based on 235 reviews) | See Offer Capital at risk |
 | 0.25% - 0% | DIY | Fees Paid | (Based on 1,094 reviews) | See Offer Capital at risk |
 | 0.45%- 0% | DIY | Cash Back | (Based on 1,758 reviews) | See Offer Capital at risk |
 | 0.12% | DIY | Cash Boost | (Based on 73 reviews) | See Offer Capital at risk |
 | 0.15% | Both | ❌ | (Based on 38 reviews) | See Offer 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 The Sunday Times, 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
