Saxo Bank vs Hargreaves Lansdown

Saxo or Hargreaves Lansdown – which is better for UK traders 2024? Compare Saxo and Hargreaves Lansdown in this detailed breakdown of their platforms, features and fees.

Saxo vs Hargreaves Lansdown Comparison Table 2024
Saxo Hargreaves Lansdown
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Saxo is ranked #84 among CFD brokers. Hargreaves Lansdown is ranked #118 among UK brokers.
Review
Review
Saxo Markets is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC.
Hargreaves Lansdown has closed or no longer accepts UK clients.
66% of retail accounts lose money.
Pros
  • Powerful proprietary trading platforms with comprehensive charting packages and advanced analysis tools
  • High-level research hub with curated market research, plus unique insights with 'Outrageous Predictions'
  • Excellent educational resources including podcasts, webinars and expert-led video insights
  • Access to comprehensive third-party analysis tools including TradingView and Updata
  • The ISA account is highly accessible and flexible with no entry or exit fees
  • Heavily regulated and trustworthy brand based in Switzerland
  • Low fees with premium account tiers
Cons
  • High funding requirements for the trading accounts
  • Access to Level 2 pricing requires a subscription
  • Clients from some jurisdictions not accepted including the US and Belgium
FCA Regulated
Yes No
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs
Demo Account
Yes
Minimum Deposit
£500
Payment Methods
Minimum Trade
Vary by asset
Regulator
DFSA, MAS, FCA, SFC
Mobile Apps
SaxoTraderGo (iOS, Android, Windows)
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Android App Rating
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Margin Trading
No
MetaTrader 4
No
MetaTrader 5
No
cTrader
No
AlgoTrader
No
OmniTrader
No
TradingView
Yes
Autochartist
No
eSignal
No
Trading Central
No
STP Account
No
ECN Account
Yes
DMA Account
No
MAM Account
No
PAMM Account
No
LAMM Account
No
Demat Account
No
AI / Machine Learning
No
Robo Advisor
No
Negative Balance Protection
No
Market Maker
No
P2P Trading
No
Spot Trading
Yes
Copy Trading
No
Social Trading
No
Trade Signals
Yes
VPS Hosting
No
Tournaments
No
Demo Competitions
No
Ethical Investing
No
Custodial Account
No
Guaranteed Stop Loss
No
Islamic Account
Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • SEK
  • DKK
  • CHF
Commodities
  • Gold
  • Silver
  • Natural Gas
  • Oil
  • Copper
  • Corn
CFD
Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals.
Leverage
1:30
FTSE Spread
1.2 pts (Variable)
GBPUSD Spread<
0.7 (var)
Oil Spread
0.03
Stocks Spread
0.10% (subject to min commission)
Forex
Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips.
Assets
40+
GBPUSD Spread
0.7 (varies by region)
EURUSD Spread
0.2 (varies by region)
EURGBP Spread
0.6 (varies by region)
Saxo Hargreaves Lansdown
Review
Review
66% of retail accounts lose money.
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