Hargreaves Lansdown
Saxo Markets
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Overview
Hargreaves Lansdown was founded in 1981 and is headquartered in UK, while Saxo Markets was established in 2012 and is based in Denmark. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. Hargreaves Lansdown serves 10,000+ clients worldwide; Saxo Markets has 10,000+. The minimum deposit is $200 at Hargreaves Lansdown and $6500 at Saxo Markets.
| Feature | Hargreaves Lansdown | Saxo Markets |
|---|---|---|
| Min. Deposit | $200 | $6500 |
| Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA) |
| Founded | 1981 | 2012 |
| Country | UK | Denmark |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Hargreaves Lansdown and Saxo Markets, directly affecting your bottom line as a trader. Hargreaves Lansdown has a lower barrier to entry with a minimum deposit of $200 (vs $6500 at Saxo Markets). Saxo Markets charges withdrawal fees while Hargreaves Lansdown does not, giving Hargreaves Lansdown an edge for frequent withdrawers. Saxo Markets applies inactivity fees on dormant accounts; Hargreaves Lansdown does not. Overall, Hargreaves Lansdown scores higher on fees in our assessment.
| Feature | Hargreaves Lansdown | Saxo Markets |
|---|---|---|
| Min. Deposit | $200 | $6500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Hargreaves Lansdown offers MT4, MT5, cTrader, while Saxo Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Saxo Markets supports social and copy trading features, which Hargreaves Lansdown does not offer. The two brokers are closely matched on platform offering.
| Feature | Hargreaves Lansdown | Saxo Markets |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web Trader, Tablet & Mobile apps | Mac, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Hargreaves Lansdown and Saxo Markets compare. Hargreaves Lansdown runs regular live webinars; Saxo Markets does not. Both provide video tutorials. Hargreaves Lansdown publishes daily market commentary; Saxo Markets does not. Both integrate third-party research tools. Hargreaves Lansdown maintains an archive of past webinars for on-demand viewing. Hargreaves Lansdown scores higher overall in education and research.
| Feature | Hargreaves Lansdown | Saxo Markets |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Hargreaves Lansdown accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Saxo Markets supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Hargreaves Lansdown | Saxo Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Hargreaves Lansdown and Saxo Markets offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Hargreaves Lansdown | Saxo Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |