Saxo Markets ISA Account

ISAs are a great way to save money if you're looking to invest, see if Saxo Markets is right for you

Updated

Saxo Markets
Saxo Markets Share Dealing Account

Trade your money with Saxo Markets

  • Invest using award-winning trading platforms
  • Open a VIP account and enjoy best prices, priority support and exclusive event invitations
  • Access 19,000+ stocks
  • 24-hour customer service
Promoted
Saxo Markets claims to be the first financial institution to develop an online trading platform that provided ordinary investors with the same tools and market access as professional traders, large institutions and fund managers. The company was established in 1992 and since then it’s been empowering and giving greater opportunities to individuals and businesses by making professional trading and investing more accessible through cutting-edge technology and industry-leading expertise.

The minimum deposit to open a standard trading account starts from £500, with three different service levels to choose from. Additional account types, each with their own minimum starting deposits, are ISA account, SIPP account, Trust account, Corporate account and Joint account.

Why open an ISA account with Saxo Markets?

These ISAs host a wide range of benefits, these include:

  • 24/7 online access to 25 global exchanges plus our award-winning trading technology
  • Deal in eligible Shares, ETF’s, Investment Trusts and Bonds
  • Currency conversion charge of just 1%
  • Viewing all your ISA investments with one simple log-in
  • Fund your ISA account with either new cash or cash from your existing Saxo trading account
  • Ability to withdraw cash at any time without being subject to penalty fees
  • Zero administration fees

Is it easy to set up a stock and shares ISA?

Setting up a stock and shares ISA with Saxo Markets is simple and easy to do, you must:

  • Be aged 18 or over at the time of your application
  • Be a resident in the United Kingdom for tax purposes or, if not so resident, either perform duties which, by virtue of Section 28 of Income Tax (Earnings & Pensions) Act 2003 (Crown employees serving overseas), are treated as being performed in the United Kingdom, or married to, or in a civil partnership with, a person who performs such duties.

After this simply visit their website or apply by phone and set up your ISA.

Why use an ISA?

One of the most attractive benefits of an ISA are the tax advantages. Within a Stocks & Shares ISA, investors are exempt from Capital Gains Tax and further tax on income.

The UK tax year ends on 5 April each year. This is the deadline to make a deposit into a Saxo ISA using your annual allowance. Any remaining allowance cannot be carried over to the following year.

There is no minimum investment but there is an annual maximum deposit limit of £20,000. You are responsible for the selection of any investment or, if you have appointed an introducing broker, then the introducing broker will be either responsible for advising you of suitable investments or investing the ISA according to the investment management parameters you supply to them.

There is no minimum length of investment. You can sell your investment at any time, but please remember that stock market investments are designed for the long term and are not suitable for money needed at short notice.

Compare share-dealing platforms

Table: sorted by promoted deals first
Data indicated here is updated regularly
Name Product Price per trade Frequent trader rate Platform fees Brand description
Fineco
£2.95
£2.95
Zero platform fee
Your first 50 trades are free with Fineco, until 31/12/2020. T&Cs apply.
Fineco Bank is good for share traders and investors looking for a complete platform and wide offer. Capital at risk.
IG
0% commission on US shares, and £3 on UK shares
From £5
£0 - £24 per quarter
IG is good for experienced traders, and offers learning resources for beginners, all with wide access to shares, ETFs and funds. Capital at risk.
eToro Free Stocks
0% commission, no markup, no ticket fee, no management fee
N/A
Withdrawal fee & GDP to USD deposit conversion
Capital at risk. 0% commission but other fees may apply.
Hargreaves Lansdown Fund and Share Account
£11.95
£5.95
No fees
Cashback offer: Take control of your money and transfer investments to HL – get cashback as a thank you. Terms apply.
Hargreaves Lansdown is the UK's number one platform for private investors, with the depth of features you'd expect from an established platform. Capital at risk.
Interactive Investor
From £7.99 on the Investor Service Plan
From £7.99 on the Investor Service Plan
No transfer fees or exit fees. £9.99 a month on the Investor Service Plan
Open an ISA, Trading Account or SIPP you will get £100 of free trades to buy or sell any investment (new customers only).
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. Capital at risk.
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Compare up to 4 providers

Data indicated here is updated regularly
Name Product Minimum deposit Maximum annual fee Price per trade Brand description
Moneyfarm stocks and shares ISA
£1500
0.75%
£0
Hargreaves Lansdown stocks and shares ISA
£100
0.45%
£11.95
Hargreaves Lansdown is the UK's biggest wealth manager. It's got everything you'll need, from beginners to experienced investors. Capital at risk.
Interactive Investor stocks and shares ISA
Any lump sum or £25 a month
£119.88
£7.99
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. Capital at risk.
Saxo Markets stocks and shares ISA
No minimum deposit requirement
0.12%
£8.00
Saxo Markets offers a wide access to a range of stocks, ETFs and funds. Capital at risk.
AJ Bell stocks and shares ISA
£500
0.25%
£9.95
AJ Bell is a good all-rounder for people who to choose between shares, funds, ISAs and pensions. Capital at risk.
Fidelity stocks and shares ISA
£1000 or a regular savings plan from £50
0.35%
£10.00
Fidelity is another good all-rounder, offering a good package at a decent price. Not suited for trading shares. Capital at risk.
Nutmeg stocks and shares ISA
£100
0.75%
£0
Nutmeg offers three types of portfolios. Choose the one that goes with your investment style. Capital at risk.
Legal & General stocks and shares ISA
Legal & General stocks and shares ISA
£100 or £20 a month
0.61%
N/A
Legal & General is a big financial services company which offers insurance, lifetime mortgage, pensions and stocks and shares ISAs. Capital at risk.
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Compare up to 4 providers

Data indicated here is updated regularly
Name Product Minimum investment Choose from Annual fee Brand description
Moneyfarm Pension
£1,500 (initial investment)
7 funds
0.35%-0.75%
Moneyfarm has pensions that are matched against your risk appetite, goals and planned retirement date. Capital at risk.
AJ Bell Pension
£1,000
Over 2,000 funds
0.05-0.25%
AJ Bell has two different pension options, a self managed pension and one that is managed for you. Capital at risk.
PensionBee Pension
No minimum
7 funds
0.5% - 0.95%
Pension Bee is a newbie in the pension market. It helps consolidate your pension plans into one place. Capital at risk.
Hargreaves Lansdown Pension
£100 or £25 a month
2,500 funds
0-0.45%
Hargreaves Lansdown is the UK's biggest wealth manager. It's got three different retirement options. Capital at risk.
Interactive Investor Pension
Any lump sum or £25 a month
Over 3,000 funds
£10/month
interactive investor is a flat-fee platform, which makes it cost effective for larger portfolios. Capital at risk.
Saxo Markets Pension
Saxo Markets Pension
£10
Over 11,000 funds
No annual fee
Saxo Markets gives flexibility and control over your investment strategy. Capital at risk.
Moneybox Pension
£1
3 funds
0.15% - 0.45% charged monthly
Manage your money with an easy-to-use Moneybox app. Capital at risk.
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Compare up to 4 providers

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Capital is at risk.

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