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.
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Saxo Bank
69% of retail investor accounts lose money when trading CFDs with this provider.
eToro
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
BROKER COMPARISON
Trading Platform & Tools
| 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
| 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 |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $5000 | $100 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| 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 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| 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:
- Saxo Bank is a trustworthy broker with several top-tier licenses, currency pairs, and available CFDs.
- eToro is the leading social trading broker with access to major forex pairs and many funding options.
- 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:
- Saxo Bank vs AVAtrade
- Saxo Bank vs Pepperstone
- Saxo Bank vs XTB
- Saxo Bank vs eToro
- Saxo Bank vs Interactive Brokers
- Saxo Bank vs Forex.com
- Saxo Bank vs Plus500
- Saxo Bank vs VT Markets
- Saxo Bank vs HYCM
- Saxo Bank vs Vantage FX
- Saxo Bank vs OandA
- Saxo Bank vs IC Markets
- Saxo Bank vs TD Ameritrade
- Saxo Bank vs CMC Markets
- Saxo Bank vs Tickmill
- Saxo Bank vs IG
- Saxo Bank vs City Index
- Saxo Bank vs Swissquote
- Saxo Bank vs Fp Markets
- Saxo Bank vs Fx Pro
- Saxo Bank vs FXCM
- Saxo Bank Review
- Saxo Bank App
- Saxo Bank Minimum Deposit
- Saxo Bank Fees Explained
- Is Saxo Bank Legit?
- Saxo Bank Account Opening
- Saxo Bank Customer Service
- Is Saxo Bank Free?
- Is Saxo Bank Good For Beginners?
- How to Buy/Sell Silver On Saxo Bank
- Can You Trade Options At Saxo Bank?
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.