Saxo Bank vs. eToro

Page Summary

Saxo Bank and eToro are the leading online brokers. Both offer excellent social trading tools for traders of all levels of experience. Saxo Bank has superior market research and excellent trading platforms. It offers a transparent fee structure and active trading discounts. Saxo Bank has a top-tier license from these regulators: ASIC, SFC, FSA, MAS, FINMA, and FCA. We recommend Saxo Bank for traders of all levels of experience.  

Select up to 3 Brokers

24Option
ActivTrades
Admiral Markets
ADSS
Ally Invest
Alpaca Markets
Alpari
Alvexo
Amana Capital
AMP Futures
AMP Global
ARMO Broker
AVAtrade
Axi
Axiory
Ayrex
Binary.com
BinaryCent
Binomo
BlackBull Markets
Brokerpoint
Capex (Ex. CFD Global)
Capital.com
Capitalize.ai
Captrader
Charles Schwab
ChoiceTrade
City Index
CMC Markets
Comdirect
Davy Select
Degiro
Dukascopy
E-Trade
EasyEquities
Eightcap
eOption
eToro
ETX Capital
ExpertOption
FBS
Fidelity
FinmaxFX
Finq.com
Firstrade
Flatex
Forex.com
FP Markets
Fusion Markets
FX Trading
FXCM
FXPro
FXTM
GoMarkets
HF Markets
HYCM
IC Markets
IG Trading
Interactive Brokers
Internaxx
IQ Option
IQCent
IronFX
Libertex Review March 2024
Lightspeed
LiteFinance
Magnifi
Markets.com
Merrill Edge
MEXEM
Moneta Markets
Multibank
Naga
Next Markets
Ninja Trader
Oanda
OctaFX
Olymp Trade
OneRoyal
Optimus Futures
OptionRobot.com
Passfolio
Pepperstone
Plus500
Pocket Option
Questrade
RaceOption
Rakuten Securities
Revolut
Robinhood
RoboForex
Sarwa
Saxo Bank
Skilling
SogoTrade
Spreadex
Swissquote
Tastytrade
TD Ameritrade
ThinkMarkets
Tickmill
TMGM
Toroption
Trade Ideas
Trade Nation
TradeStation
Trading212
TrendSpider
Vantage
Vestinda
VT Markets
Webull
XM
XTB
Zacks Trade
Zerodha
Compare brokers
Saxo

Saxo Bank

Open account Read review

69% of retail investor accounts lose money when trading CFDs with this provider.

eToro logo

eToro

Open account Read review

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

BROKER COMPARISON

Saxo
eToro logo

Overall rating

4,9/5

4,9/5

Overall rating

4,9/5

4,9/5

Trading Platform & Tools

4.9

4.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:20 1:30
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.7

4.8

See details
Withdrawal Fee 0 $5
Deposit Fee 0 0
Inactivity Fee $10 a month after one year
Cost Per Trade 0 N/A
Cost Per Month 0 N/A
Forex (EUR/USD) 1 1.1 pip
Stocks & ETF 0.08% with $1 min. commission on US stocks 0
CFD (Gold) $0.60 5 pip
Crypto 0 0
Options $0.75 0
Conversion Fees 0,75% 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

5.0

4.9

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.7

4.9

See details
Minimum deposit (in UAE) $5000 $100
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.9

4.8

See details
Shares 30.000 2.800
ETF & Funds 5.800 0
Crypto 9 30
Commodities 0 0
Indices 0 0
Options 3.000 0
Futures 300 0
Bonds 4.200 0
Forex Instruments 200 49
CFD Indices & Funds 50 250
CFD Stocks 19.000 2800
CFD Commodities 50 54
CFD Crypto 0 32
CFD Bonds 0 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.8

5.0

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.9

5.0

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

eToro is the leading social trading broker. It has a minimum deposit fee of $100 and a transparent fee structure. eToro has a reliable proprietary platform, a web platform, and a dedicated social trading space. It has licenses from ASIC and FCA. We recommend it for experienced traders because of its limited research and educational tools. 

Both online brokers have strengths and weaknesses. This article discusses the differences between Saxo Bank and eToro. 

Top findings from the Saxo Bank vs. eToro review:  

  1. Saxo Bank is a trustworthy broker with several top-tier licenses, currency pairs, and available CFDs. 
  2. eToro is the leading social trading broker with access to major forex pairs and many funding options. 
  3. Both brokers offer social trading tools and a virtual trading account. 

We recommend Saxo Bank for traders of all levels of experience because of its resources. eToro is a better choice for experienced traders who want access to premium social trading tools. 

Level of experience  

Beginner traders prefer Saxo Bank over eToro. Saxo Bank has diverse educational tools and superior market research. This broker offers webinars, beginner trading videos, and advanced research data. Saxo Bank is a good choice for traders of all levels of experience. 

eToro is the leading social trading broker with reliable research tools, including market commentary, social sentiment, and an economic calendar. Its research and education tools are limited, which is why it’s a better choice for advanced traders. 

Fees  

Saxo Bank has a high initial deposit of US$10,000, while eToro has a fee of US$100. Both brokers offer an active trader discount and a transparent fee structure. 

Assets  

Saxo Bank has 170 currency pairs, while eToro offers 47. Both brokers have major currency pairs, including GBP/USD and EUR/USD. Saxo Bank offers 9000 CFDs, while eToro has 2314. 

Trading platform  

Saxo Bank offers a broad range of desktop, web, and mobile trading solutions. These come with a virtual trading account, charting tools, and watch lists. Saxo Bank offers MetaTrader4 and social trading. It is a good choice for traders of all levels of experience. 

eToro offers an excellent social trading experience with dedicated educational and research tools. it offers a demo account, a reliable mobile app, and a proprietary platform. eToro is a good choice for advanced traders because its trading tools and market data are limited. 

Banking services  

Banking services offer advantages to traders of all levels of experience. Saxo Bank is a licensed and regulated bank with top-tier licenses, checking and savings accounts, and online access to accounts. It offers bank transfers and credit/debit card funding options for deposit and withdrawal. eToro is a social trading and multi-asset brokerage firm. It offers many funding options, including bank wire, credit/debit card, PayPal, and Skrill. 

Final verdict  

Saxo Bank and eToro are the leading online brokers with social trading services. Both have advantages and disadvantages depending on your trading experience. We recommend Saxo Bank to both experienced and beginner traders because of its learning tools. eToro is a better choice for professional traders because of its excellent social trading tools. 

Saxo Bank compared to other brokers:

Disclaimer

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

This site is registered on wpml.org as a development site.