Saxo Bank vs eToro
Saxo or eToro – which is better for UK traders 2025? Compare Saxo and eToro in this detailed breakdown of their platforms, features and fees.
| Saxo | eToro |
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| Saxo is ranked #64 among CFD brokers. | eToro is ranked #12 among CFD brokers. |
| Saxo Markets is a renowned trading brokerage, investment firm, and regulated bank. Featuring over 72,000 trading instruments, alongside investment products and managed portfolios, it provides abundant opportunities for clients. This reputable brand ensures transparent pricing and is protected by top-tier regulations from more than ten agencies, including FINMA, FCA, and ASIC. | eToro is a leading platform providing trading in numerous CFDs, stocks, and cryptoassets. Established in 2007, it serves millions of traders worldwide, regulated by top-tier authorities like the FCA and CySEC. It's well-known for its extensive social trading features. Investing in cryptoassets is highly volatile and unregulated in the UK and parts of the EU, with no consumer protection. Profits may be taxable. 51% of retail CFD accounts incur losses. |
| 66% of retail accounts lose money. | 51% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. 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. |
| Pros | |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| Yes | Yes |
| Instruments | |
| Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs | CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| £500 | $50 |
| Payment Methods | |
| Minimum Trade | |
| Vary by asset | $10 |
| Regulator | |
| DFSA, MAS, FCA, SFC, FINMA, AMF, CONSOB | FCA, ASIC, CySEC, FSA, FSRA, MFSA, CNMV, AMF |
| Mobile Apps | |
| SaxoTraderGo (iOS, Android, Windows) | iOS & Android |
| Trading App | |
| eToro offers a mobile social trading platform, allowing users to replicate trades, manage accounts, and invest using Android or iOS. Trade major forex pairs conveniently from your mobile device. | |
| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| No | Yes |
| Margin Rate | |
| 1% | |
| MetaTrader 4 | |
| No | No |
| MetaTrader 5 | |
| No | No |
| cTrader | |
| No | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| Yes | No |
| Autochartist | |
| No | No |
| eSignal | |
| No | No |
| Trading Central | |
| No | Yes |
| STP Account | |
| No | Yes |
| ECN Account | |
| Yes | No |
| DMA Account | |
| No | No |
| MAM Account | |
| No | No |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | Yes |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| No | Yes |
| Market Maker | |
| No | Yes |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Auto Trading | |
| Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do. | |
| Copy Trading | |
| No | Yes |
| Copy Trading Platform | |
| eToro consistently provides an outstanding proprietary trading platform for clients, free of charge. The web-based system is both intuitive and engaging, complemented by a community chat that appeals to novice traders. The recent 'Live Trades' feature grants immediate access to real-time insights on securities purchased by top investors on the platform. | |
| Social Trading | |
| No | Yes |
| Trade Signals | |
| Yes | Yes |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | Yes |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $10 | |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| Trade over 8,900 CFDs, including forex, stocks, indices, commodities, options, and bonds. Utilise advanced tools and signals to enhance your trading experience. | Trade CFDs across more than 3,000 assets with access to detailed market data through integrated TradingView charts. The eToro Academy provides extensive free learning resources for beginners, featuring specific courses and guides on CFD trading. In 2025, eToro enhanced flexibility for UK clients by enabling direct CFD trading on US assets with GBP. |
| Leverage | |
| 1:30 | 1:30 |
| FTSE Spread | |
| 1.2 pts (Variable) | 1.5 |
| GBPUSD Spread< | |
| 0.7 (var) | 1.9 |
| Oil Spread | |
| 0.03 | 0.05 |
| Stocks Spread | |
| 0.10% (subject to min commission) | 0.57 (Apple) |
| Forex | |
| Access top-tier liquidity across an extensive selection of 189 currency pairs and spot metals, as well as 130 forwards, with spreads starting as low as 0.4 pips. | A broad range of 55 currencies is offered, with competitive spreads averaging 0.9 pips on EUR/USD during peak trading hours. Traders can refine their forex strategies by seamlessly transitioning between demo and live accounts, retaining full access to over 100 technical indicators provided by the broker. |
| Assets | |
| 40+ | 55 |
| GBPUSD Spread | |
| 0.7 (varies by region) | 1.9 |
| EURUSD Spread | |
| 0.2 (varies by region) | 0.9 |
| EURGBP Spread | |
| 0.6 (varies by region) | 1.3 |
| Currency Indices | |
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| Saxo | eToro |
| 66% of retail accounts lose money. | 51% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. 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. |
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