Compare eToro vs Saxo Bank


Online brokers compared for fees, trading platforms, safety and more. See how eToro stacks up against Saxo Bank!

eToro vs Saxo Bank
overall rating
4.6
4.8
overall pros
  • Free stock and ETF trading
  • Seamless account opening
  • Social trading experience
  • Great trading platform
  • Outstanding research
  • Broad product portfolio
overall cons
  • High forex fees
  • Withdrawing money can be slow
  • Only one account base currency
  • High bond, options and futures fees
  • High minimum deposit
  • Lacks live chat and 24/7 availability
fees
4.2
  • Low trading fees
  • Free stock trading
  • Low CFD fees
  • High forex fees
  • Withdrawal fee
2.9
  • Low fund fees
  • No withdrawal fee
  • Transparent fee structure
  • Lower fees for Platinum and VIP clients
  • Inactivity fee
  • High bond, options and futures fees
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
2.6
  • Fully digital
  • User-friendly
  • Available in almost every country
  • Minimum deposit is high in certain countries
  • Relatively slow account verification
deposit and withdrawal
3.7
  • Credit/Debit card available
  • No deposit fee
  • User-friendly
  • Only one account base currency
  • $5 withdrawal fee
  • Conversion fee for non-USD deposits
4.8
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Electronic wallets are not available for deposit or withdrawal
web trading platform
4.4
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
mobile trading platform
4.9
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No Touch/Face ID login
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
desktop trading platform
5.0
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
markets and products
3.8
  • Stock
  • ETF
  • Forex
  • CFD
  • Crypto
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
research
3.5
  • Good interactive chart
  • Trading ideas
  • User-friendly
  • Analyst recommendations
  • No fundamental data available
  • No/poor quality news flow
5.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Most fundamental data is not free of charge
customer service
3.5
  • Live chat
  • Fast response time
  • Relevant answers
  • No phone support
  • No 24/7 support
  • Live chat is offline quite often
4.0
  • Phone support
  • Relevant answers
  • No live chat
  • No 24/7 support
education
2.5
  • Demo account
  • Intro guide to the platform
  • Basic educational videos
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No educational articles
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
  • Well-known fintech startup
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Negative balance protection for EU (+some MENA) customers
  • Not listed on stock exchange
recommended for Traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading Investors and traders looking for a great trading platform and solid research
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