Saxo Bank vs. eToro
Comparison: Saxo Bank vs. eToro – Which broker is better? A quick comparison based on the trading platform, fees, deposit or withdrawal options, and regulation in 2026.
Winner of this comparison: eToro with an overall rating of 66%
Basic information
| Basic information |  Saxo Bank |  eToro |
|---|---|---|
| Deposit | 2000 EUR/USD | 50 EUR/USD |
| Spreads | 2 EUR/USD | 1 EUR/USD |
| Established | 1992 | 2007 |
| Currency Pairs (Total Forex pairs) | 182 | 49 |
| Country | Denmark, UK | Cyprus, UK, Australia |
| Regulation | FCA (UK), ASIC (Australia), Cysec | FCA (UK), Authorised in the European Union (EU), ASIC (Australia), Cysec, CFTC Registered (USA) |
| Trading app | Web Platform | Web Platform, Social Trading / Copy-Trading |
| Number of CFD asset classes | 5 | 6 |
| Broker type | ECN, STP | MM, STP |
| Support | Phone, Mail, Chat | Mail, Chat |
| Funding methods | * Some of the payment methods may not be available in your country. Visa/Mastercard, Bank Wire | * Some of the payment methods may not be available in your country. Skrill, Klarna, PayPal, Visa/Mastercard, Bank Wire |
| Real Stocks and ETFs | Yes | Yes |
*The value is indicative from the broker's website. The spread amount is variable.
eToro · www.etoro.com
52% of retail CFD accounts lose money.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Comparison Result
If you don’t want to read the full comparison, the winner of our review is eToro, which takes the lead with a rating of 66%, while Saxo Bank only reaches 45%. Saxo Bank requires a minimum deposit of 2000 EUR/USD, while eToro sets it at 50 EUR/USD. Conversely, eToro scores with a lower minimum deposit. For Saxo Bank, the spread is 2 EUR/USD, while for eToro it is 1 EUR/USD. Lower spreads at eToro give it the edge. Saxo Bank offers 182 forex pairs, while eToro provides 49. A wider selection gives Saxo Bank the advantage. Saxo Bank was founded in 1992, while eToro has been operating since 2007. The longer tradition of Saxo Bank means greater experience. Both brokers allow trading with real stocks. Saxo Bank is overseen by 3 regulatory bodies, while eToro has 5. Stricter oversight at eToro gives it an advantage. Saxo Bank supports 1 platforms, while eToro offers 2. More options are provided by eToro.
45%
Saxo Bank
66%
eToro
Key Strengths
Saxo Bank
- Fully licensed European company with strong backing
- More suitable for professional traders
- Proprietary trading platforms
- Competitive trading spreads
- Really large number of trading instruments
eToro
- Low minimum deposit
- Fractal stocks
- More than 3,000 available instruments
- Easy to use web platform and eToro mobile app
- Unlimited demo account
- Advanced CopyTrading
Comparison by Categories
Comprehensive Comparison: Saxo Bank vs eToro
Saxo Bank eToro Investments
62 % 75 %| Investments | Saxo Bank | eToro |
|---|---|---|
| Currency Pairs (Total Forex pairs) | 182 | 49 |
| CFDs – Total Offered | 201+ | 1000+ |
| Options CFD | No | No |
| Share CFDs | Yes | Yes |
| Forex CFD | Yes | Yes |
| Commodities CFD | Yes | Yes |
| ETF CFD | Yes | Yes |
| Indicies CFD | Yes | Yes |
| Cryptocurrency traded as actual | No | Yes |
| Cryptocurrency traded as CFD | No | No |
Cost
80 % 20 %| Cost | Saxo Bank | eToro |
|---|---|---|
| Average Spread EUR/USD *The value is indicative from the broker's website. The spread amount is variable. | 2 | 1 |
| Deposit from | 2000 | 50 |
| Account fee | No | No |
| Inactivity fee | Yes | Yes |
| Active Trader or VIP Discounts | No | Yes |
| Withdrawal fees | No | Yes |
| Deposit fees | No | Yes |
Trading app
14 % 29 %| Trading app | Saxo Bank | eToro |
|---|---|---|
| Desktop Platform (Windows) | No | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy-Trading | No | Yes |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| Currenex | No | No |
| cTrader | No | No |
Trading Tools
100 % 100 %| Trading Tools | Saxo Bank | eToro |
|---|---|---|
| Financial leverage | Yes | Yes |
| Virtual Trading (Demo) | Yes | Yes |
| Alerts – Basic Fields | Yes | Yes |
| Charting – Indicators / Studies (Total) | Yes | Yes |
| Charting – Drawing Tools (Total) | Yes | Yes |
| Charting – Trade From Chart | Yes | Yes |
| Stop-Loss | Yes | Yes |
| Finacial Calendar | Yes | Yes |
| Daily financial news | Yes | Yes |
| Order Type – Trailing Stop | Yes | Yes |
Research
83 % 100 %| Research | Saxo Bank | eToro |
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Social Sentiment – Currency Pairs | No | Yes |
| Economic Calendar | Yes | Yes |
| Research | Yes | Yes |
Education
67 % 100 %| Education | Saxo Bank | eToro |
|---|---|---|
| Has Education – Forex | Yes | Yes |
| Has Education – CFDs | Yes | Yes |
| Client Webinars | Yes | Yes |
| Videos – Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | No | Yes |
| Education | No | Yes |
Forex
100 % 100 %| Forex | Saxo Bank | eToro |
|---|---|---|
| GBP/USD | Yes | Yes |
| USD/JPY | Yes | Yes |
| EUR/USD | Yes | Yes |
| USD/CHF | Yes | Yes |
| USD/CAD | Yes | Yes |
| NZD/USD | Yes | Yes |
| AUD/USD | Yes | Yes |
Commodities
36 % 82 %| Commodities | Saxo Bank | eToro |
|---|---|---|
| Gold | Yes | Yes |
| Silver | Yes | Yes |
| WIT Oil | Yes | Yes |
| Brent Oil | Yes | Yes |
| Coffee | No | Yes |
| Cocoa | No | Yes |
| Soybeans | No | Yes |
| Rice | No | No |
| Corn | No | No |
| Platinum | No | Yes |
| Palladium | No | Yes |
Indicies
100 % 100 %| Indicies | Saxo Bank | eToro |
|---|---|---|
| DAX 40 | Yes | Yes |
| S&P 500 | Yes | Yes |
| Nasdaq | Yes | Yes |
| Dow Jones | Yes | Yes |
| Nikkei | Yes | Yes |
Cryptocurrencies
0 % 100 %| Cryptocurrencies | Saxo Bank | eToro |
|---|---|---|
| Bitcoin | No | Yes |
| Litecoin | No | Yes |
| Ethereum | No | Yes |
| Ripple | No | Yes |
| Neo | No | Yes |
| Stellar | No | Yes |
| Cardano | No | Yes |
| Tron | No | Yes |
| Monero | No | Yes |
| EOS | No | Yes |
Regulations
50 % 83 %| Regulations | Saxo Bank | eToro |
|---|---|---|
| Cysec | Yes | Yes |
| ASIC (Australia) | Yes | Yes |
| FCA (UK) | Yes | Yes |
| Authorised in the European Union (EU) | No | Yes |
| CFTC Registered (USA) | No | Yes |
| FINMA (Switzerland) | No | No |
Support
100 % 67 %| Support | Saxo Bank | eToro |
|---|---|---|
| Chat | Yes | Yes |
| Phone | Yes | No |
| Yes | Yes |
Overall
45 % 66 %| Overall | Saxo Bank | eToro |
|---|
Our Recommendations
Best for eToro
Thanks to comprehensive educational materials and a user-friendly platform, eToro is an ideal choice for new traders.
Best Platform eToro
The trading platform of broker eToro offers an intuitive interface and advanced features for efficient trading.
Lowest Costs Saxo Bank
offers competitive spreads and lower fees, making it ideal for active traders.
Saxo Bank eToro