eToro vs Saxo Markets – Compare The Two Brokers


We will compare eToro to Saxo Bank on this page. This comparison goes over the pros and cons of both Saxo Markets and eToro. Saxo Markets is the clear winner when it comes to trading platforms, available securities, education, customer support, and regulation. However, eToro is great for their small minimum deposit, copy trading which is perfect for beginners, and 0% commissions on Stocks.

Saxo Markets eToro
Saxo Markets Logo
Saxo Bank is a regulated bank, offers trading on over 40,000 Equities and Forex markets through their Saxo Trader Go and Saxo Trader Pro Platforms.
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comparison etoro logo
eToro is a social/copy trading platform, offering a wide range of markets, along with 0% commission on stocks. They are regulated in top-tier jurisdictions.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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.

Year founded:
1992 2006
Regulated by:
ASIC, SFC, FCA, MAS, FINMA, JFSA FinCEN, FCA, MiFID, CySec, ASIC
Headquarters:
Copenhagen London UK, Limassol Cyprus, Sydney Australia, USA
Is a Bank:
Yes ✔️ No ❌
Demo Account:
Yes ✔️ Yes ✔️
Minimum Deposit:
Varies: $3000 – up to $1,500,000 $50 – $10,000
Minimum Trade:
varies $25 – $1,000
Islamic Account:
Yes ✔️ Yes ✔️
Social/Copy Trading:
No ❌ Yes ✔️
Spread Betting:
Yes ✔️ No ❌
Excluded countries:
Parts of US and CA 133

Types of Products And Markets Available

Saxo Markets is one of the biggest players in the market and offers a wide range of available products. Comparing that to eToro, Saxo Markets is a clear winner. However, you should always ask your self if you actually need that many securities available.

Visit eToro67% of retail investor accounts lose money when trading CFDs with this provider.

Saxo Markets eToro
Markets Available:
Stocks, ETFs, Bond, Crypto, Forex, Options, Fund, Forex, Futures, CFD Stocks (real), Commodities (CFD), Indices (CFD), ETF (real and CFD), Currencies (CFD), Cryptoassets (real and CFD)
CFDs Total
Yes ✔️ Yes ✔️
2386
Forex Pairs
Yes ✔️ Yes ✔️
49
Stocks
Yes ✔️ Yes ✔️
2106
Cryptocurrencies
Yes ✔️ Yes ✔️
16
Commodities
Yes ✔️ Yes ✔️
31
ETFs
Yes ✔️ Yes ✔️
184
Options
Yes ✔️ No ❌
EFPs
Yes ✔️ No ❌
Mutual Funds
Yes ✔️ No❌
Robo Portfolios
Yes ✔️ No ❌

Trading Platforms

Saxo Markets offers one of the best trading platforms and integrations on the market. eToro on the other hand offers their proprietary mobile app and platform, which is easy to use and is perfect for beginners to intermediate investors. Visit eToro here –  67% of retail investor accounts lose money when trading CFDs with this provider

If you are a professional trader, Saxo Markets is clearly a better choice, however, for beginner to intermediate investors, eToro is a far better choice.

Saxo Markets eToro
Proprietary Platform:
Yes ✔️ Yes ✔️
Desktop Platform:
Yes ✔️ No ❌
Mobile App:
Yes ✔️
iOS, Android
Yes ✔️
iOS, Android
Web Trading Platform:
Yes ✔️ Yes ✔️
MetaTrader:
Yes ✔️ No ❌
cTrader:
No ❌ No ❌
Mirror Trader:
No ❌ No ❌
Zulu Trade:
No ❌ No ❌
Dupli Trade:
No ❌ No ❌

Fees

When comparing eToro to Saxo Markets based on trading fees, it is important to note that you have to know what you will be trading first. Saxo Markets is better than eToro for Forex tradin, Fund fees and $0 withdrawals. eToro is better than Saxo Markets for 0% commissions on stocks and other competitive prices.Visit eToro –  67% of retail investor accounts lose money when trading CFDs with this provider

Saxo Markets eToro
Trading Fees:
Yes ✔️
Spread Varies
Yes ✔️
0% Commission on stocks
Spread Varies
Deposit Fees:
No ❌ No ❌
Withdrawal Fees:
$0 (Bank Transfer)
$0 (Credit Cards, eWallets)
$5 (Bank Transfer)
$5 (Credit Cards, eWallets)
Overnight Funding:
Yes ✔️ Yes ✔️
Inactivity Fee:
Yes
£25 up to $150 after 6 months of inactivity
Yes
$10/month

Customer Support

When it comes to customer support, Saxo Markets support is far more responsive and offers more languages. eToro is known for their slow response times and sub-optimal support.

Saxo Markets eToro
eMail:
Yes ✔️ Yes ✔️
Online Chat:
Yes ✔️ Yes ✔️
Phone Support:
Yes ✔️ Yes ✔️
Languages:
20 15

Account Funding

When it comes to account funding eToro is the better option. They offer a smaller minimum deposit as well as more options to fund your account.

Saxo Markets eToro
Deposit Methods:
Credit card, Debit card, or Bank Transfer Visa, MasterCard, Skrill, Diners Club, PayPal, WebMoney, Neteller, Yandex, Union Pay
Deposit Fee:
No ❌ No ❌
Minimum Deposit:
$3000 – up to $1,500,000 $50 – $10,000

Education

Comparing eToro to Saxo Markets when it comes to education offered, Saxo Markets is the better option. They offer trading platform tutorials, educational videos and webinars, while eToro doesn’t offer such a comprehensive educational portal.

Saxo Markets eToro
Video Tutorials:
Yes ✔️ Yes ✔️
Webinars:
Yes ✔️ Yes ✔️

Verdict

Is eToro better than Saxo Markets?

eToro is the perfect broker beginner to intermediate investors and traders, while Saxo Markets is suitable for advanced and professional traders and investors.

comparison etoro logo

eToro

  • 0% commission on stocks and ETFs
  • Best Copy Trading Platform
  • 2000+ Assets To Trade
  • Safe & Regulated by Top-tier authorities

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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.

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eToro vs Saxo Markets – Compare The Two Brokers
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