Scores, winners and data below compare these brokers as CFD/FX brokers (leveraged trading on forex, indices, commodities and crypto), using the data of eToro's Cyprus entity and Saxo's Denmark entity. Scores, winners and data below compare these brokers as stock brokers (real shares and ETFs you own outright), using the data of eToro's Cyprus entity and Saxo's Denmark entity.
eToro
61% of retail CFD accounts lose money. Below content does not apply to US users.
Saxo
65% of retail investor accounts lose money when trading CFDs with this provider.
Best for
What we compare A comparison of the kinds of traders eToro and Saxo are best suited to, based on what each one actually offers in .eToro is better than Saxo for professional traders. Saxo, on the other hand, is better for scalpers, futures traders and options traders. Both are a good fit for long-term investors, high-volume traders and swing traders.
| Overall score | eToro 83 -5 85 -4 | Saxo 88 Best 89 Best |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise eToro and the ones that supervise Saxo.eToro and Saxo are both regulated by top-tier authorities, eToro by CySEC, ASIC (Australia) and the SEC (United States) and Saxo by Finanstilsynet Denmark, ASIC (Australia) and the SFC (Hong Kong).
| Section score | eToro 100 100 | Saxo 100 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | CySEC (Cyprus) | Finanstilsynet (Denmark) |
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that eToro and Saxo have in place to protect your money in .eToro and Saxo both offer segregated client funds and an investor compensation scheme. Saxo is also a licensed bank.
| Section score | eToro 94 94 | Saxo 93 -1 93 -1 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2007 | 1992 |
| Parent company i | eToro Group Ltd. | Saxo Bank A/S |
| CEO i | Yoni Assia | Kim Fournais |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | J.P. Morgan, Deutsche Bank, Coutts | Saxo Bank A/S |
| Brand power | ||
| Number of customers worldwide i | 4,280,000 | 1,200,000 |
| Annual revenue i | USD 1,340,000,000 | USD 727,595,340 |
| Monthly website search traffic i | 13.2M monthly visits | 1.7M monthly visits |
Costs
What we compare A comparison of what it costs to trade with eToro and with Saxo in , both on each trade and on holding the account.Saxo is better than eToro for CFD/FX costs, given that Saxo is cheaper on EUR/USD, at 10 USD per lot (against eToro's 11.6 USD), has tighter S&P 500 CFD spreads, at 0.7 points (against eToro's 1.08 points), and has tighter gold CFD spreads, at 0.34 points (against eToro's 0.88 points). Neither eToro nor Saxo charges inactivity fees or account maintenance fees.
eToro is better than Saxo for real stock costs, since eToro does not charge ETF fees (against Saxo's 2 USD), and does not charge real-time market data fees, unlike Saxo. Neither eToro nor Saxo charges inactivity fees or account maintenance fees.
| Section score | eToro 52 -18 79 Best | Saxo 70 Best 68 -11 |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | Free | |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | USD 11.6 | USD 10 |
| S&P 500 fees (CFD) i | 1.08 points | 0.7 points |
| Gold fees (CFD) i | 0.88 points | 0.34 points |
| Bitcoin fees (CFD) i | USD 1,585.8 | USD 308 |
| US stocks fees (CFD) i | USD 0.08 | |
| Fees on stocks | ||
| Stock fee type i | Commission | Commission, Percentage |
| US stocks fees (real) i | USD 2 | USD 2 |
| ETF fees (real) i | Free | USD 2 |
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | USD 3 | |
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | USD 2 | |
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with eToro and with Saxo in , and of how many instruments each one gives access to.Saxo is better than eToro for CFD/FX markets, as Saxo gives access to 71,000 tradable symbols (against eToro's 5,461), lets you own bonds and funds outright, which eToro does not, and offers futures on commodities, forex and indices, which eToro does not. Both eToro and Saxo offer CFDs on commodities, crypto, forex, indices and stocks, and let you own ETFs and stocks outright.
Saxo is better than eToro for real stock markets, given that Saxo lets you own bonds and funds outright, which eToro does not, gives access to 71,000 tradable symbols (against eToro's 5,461), and offers futures on commodities, forex and indices, which eToro does not. Both eToro and Saxo let you own ETFs and stocks outright, and offer CFDs on commodities, crypto, forex, indices and stocks.
| Section score | eToro 85 -15 55 -45 | Saxo 100 Best 100 Best |
|---|---|---|
| Total tradable symbols i | 5,461 | 71,000 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, ETF, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | Commodities, Forex, Indices | |
| Options i | Commodities, Forex, Indices | |
| Assets you can own i | Crypto, ETF, Stocks | Bonds, ETF, Funds, Stocks |
Platform
What we compare A comparison of the trading platforms that eToro and Saxo make available to their clients in .eToro and Saxo are equally good for platforms, since eToro offers copy trading while Saxo offers AutoChartist. Both eToro and Saxo offer a proprietary platform and social trading.
| Section score | eToro 84 -2 84 -2 | Saxo 86 86 |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of eToro and Saxo in , and of what each one lets you do from your phone.eToro and Saxo are equally good for mobile trading, as eToro offers a social trading app and a copy trading app while Saxo offers a mobile watchlist. eToro and Saxo both offer a proprietary mobile app and mobile trading signals.
| Section score | eToro 87 87 | Saxo 87 87 |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that eToro and Saxo allow on their platforms in .Saxo is better than eToro for CFD/FX trading features, since Saxo offers tier-1 liquidity providers and VPS hosting, which eToro does not, and allows for scalping. Both eToro and Saxo offer negative balance protection and trailing stops.
eToro is better than Saxo for real stock trading features, given that eToro offers fractional shares, which Saxo does not. eToro and Saxo both offer trailing stops and API access.
| Section score | eToro 68 -17 85 Best | Saxo 85 Best 77 -8 |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | NDD |
| Average execution time i | 12 ms | |
| Slippage occurrence i | 20.7% | |
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1About this value. This is the major fx pairs leverage at eToro (Europe) Ltd (CySEC). At eToro's other companies: 400:1 (other accepted countries), 30:1 (the UK, Australia). | 30:1 |
| Minor/Exotic FX pairs leverage i | 20:1About this value. This is the minor/exotic fx pairs leverage at eToro (Europe) Ltd (CySEC). At eToro's other companies: 50:1 (other accepted countries), 20:1 (the UK, Australia). | 20:1 |
| Major indices leverage i | 20:1About this value. This is the major indices leverage at eToro (Europe) Ltd (CySEC). At eToro's other companies: 100:1 (other accepted countries), 20:1 (the UK, Australia). | 20:1 |
| Minor indices leverage i | 10:1 | 10:1 |
| Gold leverage i | 20:1About this value. This is the gold leverage at eToro (Europe) Ltd (CySEC). At eToro's other companies: 100:1 (other accepted countries), 20:1 (the UK, Australia). | 20:1 |
| Commodities leverage i | 10:1About this value. This is the commodities leverage at eToro (Europe) Ltd (CySEC). At eToro's other companies: 100:1 (other accepted countries), 10:1 (the UK, Australia). | 10:1 |
| Equities leverage i | 5:1About this value. This is the equities leverage at eToro (Europe) Ltd (CySEC). At eToro's other companies: 10:1 (other accepted countries), 5:1 (the UK, Australia). | 5:1 |
| Cryptocurrency leverage i | 2:1About this value. This is the cryptocurrency leverage at eToro (Europe) Ltd (CySEC). At eToro's other companies: 5:1 (other accepted countries), 2:1 (Australia). | 2:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | USD 10 | USD 0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at eToro and at Saxo in , and of who each one is meant for.eToro and Saxo are equally good for CFD/FX account types, as eToro offers a professional traders account and an unlimited demo account while Saxo offers a managed account and a raw spread account. eToro and Saxo both offer a demo account and a corporate account.
Saxo is better than eToro for real stock account types, given that Saxo offers a managed account and a savings account, which eToro does not. Both eToro and Saxo offer a stock investing account and a demo account.
| Section score | eToro 48 74 -9 | Saxo 46 -2 83 Best |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with eToro and with Saxo in .eToro and Saxo are equally good for account opening, as eToro offers 3 account base currencies (against Saxo's 2), and supports e-wallets, which Saxo does not. On the other hand, Saxo does not require a minimum deposit (against eToro's 50 USD), and has no minimum withdrawal (against eToro's 30 USD). eToro and Saxo both offer credit cards and debit cards.
| Section score | eToro 64 -1 64 -1 | Saxo 65 65 |
|---|---|---|
| Minimum deposit i | USD 50About this value. This is the minimum deposit at eToro (Europe) Ltd (CySEC). At eToro's other companies: USD 100 (other accepted countries), USD 50 (the UK, Australia, the US). | USD 0 |
| Minimum withdrawal i | USD 30 | USD 0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPalAbout this value. This is the ewallets at eToro (Europe) Ltd (CySEC). It is different at eToro's companies in other accepted countries and Australia. | |
| Local payment methods i | ||
| Account base currencies i | USD, EUR, DKKAbout this value. This is the account base currencies at eToro (Europe) Ltd (CySEC). It is different at eToro's companies in other accepted countries, the US, the UK and Australia. | EUR, USDAbout this value. This is the account base currencies at Saxo Bank A/S (Finanstilsynet). It is different at Saxo's companies in Australia. |
| Deposit waiting time i | up to 5 business days | up to 2 business days |
| Withdrawal waiting time i | up to 7 business days | up to 2 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of eToro and Saxo in , in how it can be reached and how fast it answers.Saxo is better than eToro for customer care, since Saxo offers customer support in 15 languages (against eToro's 7), has a website in 12 languages (against eToro's 7), and offers phone support, which eToro does not. eToro and Saxo both offer a dedicated account manager and priority support.
| Section score | eToro 69 -18 69 -18 | Saxo 87 Best 87 Best |
|---|---|---|
| Number of languages supported i | 7 | 15 |
| Website languages i | Arabic, German, English, French, Italian, Spanish, Chinese | Arabic, Danish, English, French, Hungarian, Italian, Dutch, Norwegian, Polish, Russian, Slovenian, Chinese |
| Website available in English i | ||
| Customer support languages i | Arabic, German, English, French, Italian, Romanian, Spanish | Arabic, Czech, German, English, Finnish, French, Hungarian, Italian, Dutch, Norwegian, Polish, Russian, Slovenian, Spanish, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that eToro and Saxo provide to their clients in .eToro and Saxo are equally good for learning, as both offer education for advanced traders and webinars.
| Section score | eToro 100 100 | Saxo 100 100 |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
eToro vs Saxo: which one should you choose?
eToro
CFD/FX Choose eToro if you want a forex brokerage service with copy and social trading.
Stocks Choose eToro if you want a share dealing service with copy and social trading.
Open Account 61% of retail CFD accounts lose money. Below content does not apply to US users.
Saxo
CFD/FX Choose Saxo if you want an online CFD broker for scalping and automated trading.
Stocks Choose Saxo if you want a broker for securities investing with bonds, funds, options and futures.
Open Account 65% of retail investor accounts lose money when trading CFDs with this provider.Other popular comparisons
Below are other head-to-head comparisons that include eToro or Saxo, each scored with the same data and method as this page.
