Updated September 29, 2026 · BrokerCue Editorial Team
Moneyfarm vs Saxo
Moneyfarm vs Saxo: the differences
| Compare |  Moneyfarm |  Saxo |
|---|---|---|
| Stock trade fee | £3.95 | $1 |
| Markets | Stocks, ETFs, Bonds, Funds | Stocks, ETFs, Forex, CFDs, Options, Futures, Bonds, FundsCovers more |
| Regulators | Financial Conduct Authority | Danish Financial Supervisory Authority (FSA), Financial Conduct Authority (FCA) |
| Investor protection | FSCS up to GBP 85,000 | EU ICS up to EUR 20,000 |
| Currency conversion fee | 0.7% | 0.25%Lower |
| Account types | ISA, SIPP | Joint, Corporate |
| Minimum deposit | Not confirmed | CHF 0 |
| Account fee | Not confirmed | €0 |
| Inactivity fee | Not confirmed | €0 |
| Retail accounts that lose money | Not confirmed | 64% |
| Options contract fee | Not confirmed | $2 |
| Platforms | Not confirmed | SaxoInvestor, SaxoTrader |
Same on both: Deposit and withdrawal fees (Free deposits and withdrawals).
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Key differences
- Saxo scores higher overall: 9.3 vs 9.1.
- Regulators: only Moneyfarm offers Financial Conduct Authority.
- Regulators: only Saxo offers Danish Financial Supervisory Authority (FSA), Financial Conduct Authority (FCA).
- Saxo is licensed in 1 more country.
- Currency conversion fee is lower at Saxo: 0.25% vs 0.7%.
- Markets: only Saxo offers Forex, CFDs, Options.
- Account types: only Moneyfarm offers ISA, SIPP.
- Account types: only Saxo offers Joint, Corporate.
Our verdict on each
Moneyfarm
Moneyfarm suits UK savers who want an ISA or SIPP built and run for them, and who are content paying a percentage fee rather than trading directly. The management fee of 0.1% to 0.45% is the figure to weigh, and it sits above the median for robo-advisors.
Saxo
Saxo suits investors who want a Danish bank with no account or inactivity charge and a wide market list, but the stock trade fee is $1 and the FX fee is 0.25%. Costs stay predictable for long holders, less so for frequent traders.
Score breakdown
| Area | Moneyfarm | Saxo |
|---|---|---|
| Cost | 9.1The management fee of 0.1% to 0.45% runs above the robo-advisor median, and a stock trade fee of £3.95 adds on top. | 9.1Account fee and inactivity fee are both €0 and €0, and the minimum deposit is CHF 0. Stock trades cost $1. |
| Offer | 9.7Higher | 9.3 |
| Trust | 8.7 | 9.5Higher |
Pick Moneyfarm if, pick Saxo if
Pick Moneyfarm if offer matter most.
Pick Saxo if trust, markets, and currency conversion fee matter most.
Feature by feature
| Markets | Moneyfarm | Saxo |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | No | Yes |
| CFDs | No | Yes |
| Options | No | Yes |
| Futures | No | Yes |
| Bonds | Yes | Yes |
| Funds | Yes | Yes |
| Account types | Moneyfarm | Saxo |
|---|---|---|
| ISA | Yes | No |
| SIPP | Yes | No |
| Joint | No | Yes |
| Corporate | No | Yes |
How they place
| Ranking | Moneyfarm | Saxo |
|---|---|---|
| Stock and ETF brokers | 119 of 471 | 78 of 471 |
| Investment platforms and apps | 25 of 86 | 17 of 86 |
Every fact side by side
| Fact | Moneyfarm | Saxo |
|---|---|---|
| Features | Not confirmed | Demo account, Fractional shares, Mobile app |
| Pricing model | Not confirmed | Low fees |
| Legal entity | MFM Investment Ltd | Saxo Bank A/S |
| Headquarters | United Kingdom | Denmark |
| Founded | Not confirmed | 1992 |
| Support channels | Email, Phone, Help centre, Chat | Not confirmed |
Where each stands against the rest
| Fact | Moneyfarm | Saxo | Median |
|---|---|---|---|
| Account fee | Not confirmed | €0at the median | €0 |
| Inactivity fee | Not confirmed | €0below the median | €2.45 |
| Retail accounts that lose money | Not confirmed | 64%lowest quarter | 72.13% |
| Currency conversion fee | 0.7%highest quarter | 0.25%below the median | 0.45% |
| Options contract fee | Not confirmed | $2highest quarter | $0.625 |
Median across 53 listed brokers.
Pros and cons
Moneyfarm
Pros
- Regulated in the UK by the Financial Conduct Authority, with licence 629539 to check on the register.
- Deposits and withdrawals carry no charge, so money can move in and out without a transaction fee eating the saving.
- Portfolio styles run to etf, esg and cash, letting a saver tilt towards ESG, cash or crypto alongside a diversified core.
Cons
- The management fee of 0.1% to 0.45% sits above the robo-advisor median of 0.35%.
- The £500 entry point is well above the robo-advisor median of €60.06, and above Axos Invest at $100.
- Costs stack up: a stock trade fee of £3.95 applies alongside the management fee, while eToro lists a management fee of 0%.
Saxo
Pros
- Account fee and inactivity fee are both €0 and €0
- Minimum deposit is CHF 0 and deposits and withdrawals carry no charge
- Regulated in Denmark by the Danish Financial Supervisory Authority and in the UK by the Financial Conduct Authority
Cons
- Stock trade fee of $1 sits well above the site median of €0
- FX fee of 0.25% applies on top of trading costs
- Investor protection is limited to the EU scheme at EU ICS up to EUR 20,000
Who each suits
Moneyfarm
Who it suits
- UK savers who want an ISA or SIPP run for them and would rather pay a percentage than place their own trades.
- People who want help by phone, chat and email as well as online, since support runs on email, phone and help centre.
- Investors who want their portfolio style to include ESG, cash or crypto, since the options run to etf, esg and cash.
Who should look elsewhere
- Small opening payments: Axos Invest starts at $100, a lighter entry than £500.
- Anyone who prefers running their own trades: eToro lists a management fee of 0%, so the cost sits elsewhere.
- Savers shopping fee bands: Vivid Standard charges 0.5% to 1.5%, higher than the band here.
Saxo
Who it suits
- Investors holding stocks and ETFs long term who want no account or inactivity charge
- Traders who need forex, options, futures and CFDs on one account
- Joint and corporate account holders
Who should look elsewhere
- Beginners wanting commission-free share dealing, where eToro charges $0 per trade
- Small-balance traders unwilling to meet the Vantage minimum deposit of $5
- Frequent currency converters put off by the 0.25% FX fee
Country by country
| Country | Moneyfarm | Saxo |
|---|---|---|
| United Kingdom | Yes | No |
Questions about each
Moneyfarm
What does Moneyfarm charge to run my money?+
The ongoing cost is a management fee of 0.1% to 0.45% on the value of the portfolio, taken as a percentage of what you hold rather than as a price per trade. Accounts open at £500, so the fee applies to whatever sits above that floor.
Is there a fee for buying or selling?+
A stock trade fee of £3.95 is listed for anyone who places a trade, and it sits alongside the management fee. Because the portfolio is run for you, the management fee is the line that does most of the work in practice.
Saxo
What does Saxo charge to hold an account?+
The account fee is €0 and the inactivity fee is €0, so there is no annual or dormancy charge. Saxo ranks 1 of 138 on account fee and 1 of 56 on inactivity fee. That makes it a straightforward choice for long-term holdings.
How much does it cost to buy a stock?+
Stock trades cost $1 through Saxo. That places it at 107 of 161 on this measure, and above the site median of €0. Active share traders should weigh that before opening.
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