Saxo Bank and Trading 212 are two of the most popular brokerages in the UK. Both offer a wide range of investment instruments and provide access to top-tier research. However, which one is the best choice for you? The following article will compare both brokers to find out which one offers the best value for investors.Find out :theinvestorscentre.co.uk

Saxo vs Trading 212

Trading 212 is among the few brokers that offer commission-free stock and ETF trading, meaning you can invest small amounts without having your potential returns swallowed up by dealing charges. In addition, it pays a high interest rate on cash held on the account and allows you to buy fractional shares. It also has a comprehensive research content and a robust mobile trading platform.

However, it is important to note that the broker only accepts deposits in euros. If you want to make a transaction in another currency, you will need to pay a conversion fee, which varies by country. In addition, it does not offer a full range of ISA accounts, unlike Saxo and Hargreaves Lansdown, and does not support cryptocurrency trading like eToro.

In terms of fees, Saxo Bank and Trading 212 both charge a flat trade fee of PS3 per share and ETF trade (reduced to 0.08% for VIP accounts). Additionally, they both charge a custody fee of 0.12%, which is a bit more than what AJ Bell and Interactive Investor charge. Both brokers also charge a flat fee for investing in bonds, but Saxo’s is higher than that of XTB and eToro.