Saxo Bank vs eToro: Which One is Better for You?


Saxo Bank vs eToro, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between Saxo Bank vs eToro, here is the direct comparison:

Feature
Go to Saxo Bank

Go to eToro

Rating

General Rating 3.86/5
3.87/5
Trustpilot 2.2/5

rated by 1 users
2.2/5

rated by 2 users

General Information

Office(s) China, Greece, India, Italy, Netherlands, Spain, United Arab Emirates and United Kingdom China, Cyprus and United Kingdom
Regulation ASIC 109605610
Banque de France, 483632501
CySEC, 163/12
FCA (UK), FC026688
FSA (Denmark), 1149
SFC (Hong Kong), 1395901
ASIC, 491139
CySEC 109/10
FCA (UK), FRN 583263
FINRA, 298361/SEC#: 8-70212
Established 1992 2007
Minimum Deposit $10000 $200
Maximum Leverage 1:200 1:400
Spread Fixed Fixed
Commissions
Minimum Position 0.05 lot 0.1 lot
Payment Credit/debit cards and Wire transfer Credit/debit cards, Neteller, PayPal, Skrill, UnionPay, WebMoney, Wire transfer and Yandex.Money
Official Website Visit Saxo Bank Visit eToro

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Binary options
Oil
Metals
Energies
Futures
ETF
Soft commodities
Options
Agriculture
Bonds

Customer Support

Website Languages Arabic, Chinese, Czech, Danish, Dutch, English, Finnish, French, German, Greek, Hebrew, Hungarian, Italian, Norwegian, Polish, Romanian, Russian, Slovenian, Spanish Arabic, Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Norwegian, Polish, Portuguese, Romanian, Russian, Spanish, Swedish
Email Support
Call Support
Chat Support

Reviews

General Review Read Saxo Bank Review Read eToro Review
User Reviews

Thomas

Sep 17 2020

Customer service simply does not exist. Forget them. They have a great affiliate marketing to convince people to join but that is all.


Terajuana

Sep 16 2020

started the online application process but midway through i checked this site for their reviews and seen how bad they are. I stopped the process but my details were saved on their system. They have tried to call me 3 times every day for the last 2 weeks and no signs of them stopping. Why do they need to do this and it is a major red flag. avoid


Faughan

Sep 15 2020

They seriously need to learn how to communicate to new clients. Impossible to open a Corporate Ltd account, sent all required info and they don’t bother to even confirm receipt or if in the process, I’ve been calling them for 9 days since submitting and they pass you around to someone else who says they are not dealing with it. I would hate to think how stressful it would be if I had to call them to try resolve a trading issue.


Kuangfui321

Sep 14 2020

After 2 years of being there as a trader and investor, I’m very satisfied with the platform. It’s intuitive, genuine and fast process of withdrawal. Look forward more improvement from Saxo!


Farhang

Sep 13 2020

Saxo says no withdrawal fee, but actually withdrawal has a fee under the name of intermediary charges, funny enough that there is no other bank involved in the withdrawal transaction.


jedi90

Oct 8 2020

Terrible customer service. I’ve spent 2 weeks waiting to get verified. Its saying that by depositing money it will be faster, i do not believe this. What means if you deposit it’s faster?? You have to verify asap after you’re seeing that i have uploaded my documents, money doesn’t sleep, I’m loosing money while waiting. Got my account activated 4 weeks later.


Jason Crown

Sep 24 2020

I became customer and they start dialing me for days. I did not ask for this. This is the reason I terminated my account and withdrew my funds. I better stick to crypto trading on real crypto exchanges.


Jasmine Shah

Sep 24 2020

Despite that the sign up takes time, and few people thought that it is a scam, I can say that eToro is a reliable trading platform. I'm happy to see that my profit increases while being stuck in this pandemic. Thank you!


Hendery

Sep 24 2020

I love eToro for many reasons. It is a social investment/trading platform so you will be able to exchange ideas with other users. It has a unique feature to copy portfolios of successful traders you like on the platform. It’s also really transparent as you’ll see returns and trading history of other users. Definitely recommend.


Gemma Anthony

Sep 23 2020

I have been with etoro for a couple of months now I have found them nothing but excellent. I am new to the game and I have found that I am finding my feet and that I have no problem with etoro they make it simple for me to invest and also very simple to withdrawal I can't thank them enough for this platform.


Carly Foehr

Sep 21 2020

The app and website always crashes whenever there is an opportunity to earn profits. What is the point having etoro anyways?? if it cant provide its users a proper platform to trade on.


Noah Carlesn

Sep 21 2020

Their support blames you even when it is a server side issue. I bought a stock they took the money out of my account but the position didn’t appear (it just randomly opened later) I bought it at market open.


asx88

Sep 20 2020

It looks like a good website until you want to withdraw your money and need the customer support for help. I'am waiting a month now to get my money back, but it's still not on my account.


Hok Cho

Sep 20 2020

The withdrawal process is confusing. Cannot even withdrawn using bank deposit.


Dellamarie

Sep 20 2020

My experience was bad with Etoro and there are many reasons. The platform stops working in case of profit and the inability to close profitable trades.When the payment is withdrawn, the account is suspended due to violation of Etoro's terms.


Kina B

Sep 20 2020

I have been trading with Etoro for a while now dough I have only made small deposit I find the site to be reliable, also have made withdrawal and find it reliable in that area as well. Their platform is very good don't get me wrong I just prefer the MT4 platform; I give them a 4 star not because they don't deserve a 5 star is for the lack of MT4 other than that kudos to you Etoro.


Laila Moon

Sep 18 2020

Solid platform its just expensive to use. The lay out is good but opening the same trades on my etoro account compaired to my mt4 account is shocking. I always make less money with etoro . Good platform for absolute beginners.


Megan Whey

Sep 16 2020

Besides low tradeing fee, anything else is horrible. The worst fact its that their app won't work on mondays when US market opens. I lost a ton because i wasn't able to reach my positions in time and they won't even care.


Jules R

Sep 15 2020

eToro is very user-friendly and easy to navigate. As an investor, I like how easy it is to monitor each position I open and set up my entry and target point. It's an awesome social trading platform. I find myself spending more time with this app now than other social networks and trading platforms.


Azizah N

Sep 14 2020

I have been using it for 5 years now, high fees, but it is really easy to use, and powerful at the same time.
Only part I see they have some issues is related to the crypto market..


Arlene J

Sep 13 2020

SL orders have high slippage. Also they took high comission and fee on withdrawal process which is very upsetting. There are better alternatives anyway.


Josephine

Sep 13 2020

I don't know how this broker works. They manipulated and hunts stop loss even if your SL is 15-20 pips away. Please beware of their slippage, your chart will suddenly blank. Their chart also different from other live feeds.


Susan Buchier

Sep 12 2020

It looks like etoro will block all the great possibility investment and manipulated stock prices. Then after that, you will loose all of your money.


John Walters

Sep 10 2020

This is either a scam or they have the worst APP and customer service ever. I have been trying to withdraw my money for weeks now and they will not give it back. Stay away.


Daniel Park

Sep 10 2020

Etoro has a nice easy to use platform and is good for beginners. They have a lot of useful features and the option to copy trade other traders. It's not a bad platform, but I don’t think to stayed there for too long.


Start Trading

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Which one has the better spread?

Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.

However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, Saxo Bank provides their pricing with Fixed while eToro offers Fixed.



Saxo Bank vs eToro: Who hosts the best trading platform?

The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.

To support their clients, Saxo Bank enables trading with SaxoTraderPRO (Limited with 20 days), SaxoWebTrader (Limited with 20 days), SaxoTraderGO (Limited with 20 days). The offer is supported with Mobile trading, Browser-based platform, One-click trading, Trailing stop, Pending orders. In comparison, eToro provides trading with eToro Platform, eToro Mobile Trader with the support of Mobile trading, One-click trading.



Is Saxo Bank or eToro better in providing the trading instruments?

It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.

In this case, Saxo Bank supports trading with Forex, Gold & silver, CFD, Spread betting, Cryptocurrencies, while eToro presents the ability of trading with Forex, Gold & silver, CFD, Stocks, Indexes, Soft commodities, Metals, ETF, Cryptocurrencies.

In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.

Looking for more references? Here are other comparisons related to Saxo Bank and eToro:

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