Bestinvest vs Saxo - BrokerCue
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Broker Comparison

Bestinvest vs Saxo

Compare Bestinvest and Saxo side by side: fees, regulation, platforms.

Bestinvest

Bestinvest

UK long-term fund and SIPP investors

Bestinvest is a UK investment platform offering stocks, funds, ETFs and ready-made portfolios across ISA, SIPโ€ฆ

VS
Saxo

Saxo

Multi-asset investors and active traders

Saxo is a Danish bank and broker with investing and trading platforms covering stocks, ETFs, funds, bonds, opโ€ฆ

Head-to-head comparison

Bestinvest vs Saxo
Feature Bestinvest Saxo
Minimum deposit - No minimum deposit
Stock trading fee UK shares: ยฃ4.95 per online trade; telephone dealing: ยฃ30 per trade Commissions from $1 on US stocks; commissions from EUR 2 on Euronext Amsterdam, Lisbon, and Paris
Regulators FCA DANISH FSA
Best for UK long-term fund and SIPP investors Multi-asset investors and active traders
Markets & account
Stocks
ETFs
Forex
-
CFDs
-
Bonds
Options
-
Futures
-
Funds
Ready Made Portfolios
-
Isa
-
Sipp
-
Business Account
Margin
-
Demo Account
-

Pros & cons

Bestinvest

Bestinvest

Pros

  • No fund dealing fees
  • No US share dealing fees
  • Free withdrawal and no exit fees
  • SIPP fee is competitive with no setup charge
  • Free unlimited investment coaching sessions
  • Over 3,700 funds, shares, ETFs and investment trusts available
  • Flexible ISA - withdraw and replace without losing allowance
  • FSCS protection up to ยฃ85,000

Cons

  • ยฃ4.95 per UK share and ETF trade
  • FX conversion fee of 0.95% on US shares and foreign currency transactions
  • SIPP minimum charge of ยฃ120 per year even on small balances
  • No fractional shares
  • No demo account
  • Limited to UK and US shares only - no European or Asian exchanges
  • Mobile app redirects to browser for some investment actions
Saxo

Saxo

Pros

  • No platform fee and no inactivity fee
  • No minimum deposit for individual accounts
  • US stock and ETF commissions start from $1
  • 20-day demo account includes USD 100,000 simulated funds
  • Currency conversion fee capped at ยฑ0.25%
  • Mutual funds have $0 commission, custody, and platform fees
  • One login gives access to SaxoInvestor and SaxoTrader

Cons

  • Classic custody fee is 0.15% p.a. on stocks, ETFs/ETCs, and bonds
  • Manual orders by phone, chat, or email cost EUR 50
  • Classic emailed reports cost USD 50 per request
  • Classic and Platinum instrument additions cost USD 200
  • Terminated accounts can incur EUR 15 per month administration fee
  • Proxy voting costs EUR 30 annually plus EUR 5 per vote
  • Some desktop market data features require a subscription
Bestinvest

Bestinvest

Bestinvest is a UK investment platform offering stocks, funds, ETFs and ready-made portfolios across ISA, SIPP and general investment accounts, backed by Evelyn Partners.

Your capital is at risk. Other fees apply.

Saxo

Saxo

Saxo is a Danish bank and broker with investing and trading platforms covering stocks, ETFs, funds, bonds, options, CFDs, forex, and futures.

Your capital is at risk. Other fees apply.

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