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Saxo Bank vs eToro

Saxo or eToro – which is better for UK traders 2026? Compare Saxo and eToro in this detailed breakdown of their platforms, features and fees.

Saxo vs eToro Comparison Table 2026
Saxo	eToro

4	4
Saxo is ranked #25 among CFD brokers.	eToro is ranked #8 among CFD brokers.
Review	Review
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 multi-asset platform providing trading services across numerous CFDs, stocks, and cryptocurrencies. Since its 2007 inception, it has attracted millions of traders worldwide. It operates with authorisation from top regulators such as the FCA and CySEC. Its social trading feature is especially well-regarded. Crypto investments are high-risk and possibly unsuitable for retail investors. There's a potential to lose all invested capital. Familiarise yourself with the risks. 61% of retail CFD accounts incur losses.
66% of retail accounts lose money.	61% 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
Saxo gives traders genuine multi-asset depth from one account: in our testing we could trade FX, CFDs, stocks, ETFs, futures, options and bonds across 70,000+ instruments without switching between separate product environments. Execution was consistently strong in our live tests, with Saxo’s own FX market-order stats showing average fills around 9–10ms and roughly 99.3–99.5% completing in under 50ms, which matched the fast, low-drift fills we saw on major FX and index CFDs. Research tools are a standout, with Autochartist fully integrated and filterable by pattern type, asset class, timeframe from 15 minutes to daily, and probability bands up to 70%+, making it genuinely useful rather than bolted on.	The trading app provides a top-tier social environment featuring an engaging feed and community chat, which we enjoy using. The entry requirements for eToro Club have been reduced. For $4.99 monthly, members enjoy 18 benefits, including a debit card that converts purchases into stocks with a 4% share return. In 2025, eToro altered its fee structure by separating crypto trading fees from the spread. A distinct commission is now listed separately, providing traders with increased transparency while maintaining consistent overall costs. eToro now offers accounts in EUR and GBP, with recent additions of BTC and ETH payment options. This reduces conversion costs and delivers a tailored trading experience. In 2025, eToro enhanced its trading experience by incorporating insights from over 10 million Stocktwits users, enabling better assessment of market sentiment. The broker offers excellent services for beginners, featuring commission-free stock trading, a low minimum deposit, and an unlimited demo account. eToro has launched automated crypto staking, offering a pathway to passive income. However, Ethereum requires users to opt in. Utilising TradingView, the charts provide robust tools for technical analysis, featuring nine chart types and more than 100 indicators. eToro secured second place in DayTrading.com's 'Best Crypto Broker' for 2025, offering a vast selection of tokens, dependable service, and competitive fees. There is an extensive online training academy offering a range of accessible resources, from concise articles to detailed courses. eToro has enhanced its investment portfolio by frequently introducing new crypto assets. It currently offers a selection of over 100 digital currencies. The web platform and mobile app receive higher user reviews and app rankings compared to leading competitors like AvaTrade. Leading traders participating in the broker's Popular Investor Programme can earn yearly compensation of up to 1.5% of the copied assets. Diverse investment portfolios are accessible, encompassing traditional markets, technology, cryptocurrency, and beyond for traders. eToro is a globally recognised brand, operating under top-tier international regulations. It boasts a community of over 25 million users.
Cons
Classic account pricing is not cheap for traders from our tests, with EUR/USD typically running around 0.8–0.9 pips all-in, so smaller traders will usually pay more than they would with the tightest ECN-style brokers. Withdrawals are reliable but slow in practice: Saxo processed requests in 1–2 business days, yet the full trip to our bank often took 4–5 days once correspondent banking and SHA charges were involved. Saxo is fast, but not built for ultra-tight scalping; around 55–60% of EUR/USD orders filled with zero slippage, yet roughly 20% saw negative slippage and price drift became more noticeable in our testing during news and under 300–400ms higher-latency conditions.	The absence of extra charting platforms such as MT4 may deter experienced traders who rely on external software. There are no assured stop-loss orders, which could be a valuable risk management tool for novice traders. The minimum withdrawal is set at $30, accompanied by a $5 fee. This may impact traders with limited funds, particularly those just starting out. The only significant contact option, besides the in-platform live chat, is limited.
Awards
	Best Crypto Broker Runner Up 2025 - DayTrading.com Best Cryptocurrency Trading Platform 2022 - Finder Education Materials/Program 2022 - Investment Trends Best Copy Trading Platform 2021 - Ultimate Fintech Awards Best Multi-Asset Trading Platform 2021 - Ultimate Fintech Awards Best Stockbroker 2021 - Ultimate Fintech Awards Best Social Trading Platform 2019 - ADVFN International Financial Awards
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
$0	$50
Payment Methods
Debit Card Mastercard PayNow Visa Wire Transfer	Debit Card Klarna Neteller Rapid Transfer Skrill Sofort Swift Trustly Visa Wire Transfer
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
4.6	4
Android App Rating
4.6	3.8
Margin Trading
Yes	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
USD EUR GBP CAD AUD NZD JPY ZAR TRY SEK NOK DKK CHF HKD SGD PLN CZK AED HUF MXN	USD EUR GBP
Commodities
Gold Silver Natural Gas Oil Copper Corn	Gold Silver Oil Copper Cotton Coffee Livestock Wheat Precious Metals Platinum Gasoline Cocoa Sugar Palladium Corn Aluminium Soybeans Nickel Lead Iron Lithium Cannabis Natural Gas Orange Juice Zinc Cattle Lean Hogs
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
	USD

Saxo	eToro
Review	Review
66% of retail accounts lose money.	61% 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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