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
open account	Visit broker Your capital is at risk	Visit broker
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
safety	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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