EToro vs Saxo Bank : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

EToro

Saxo Bank

Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

Market maker

STP broker

Years of Existence / Established Year

2007

1992

Customer Base / Number of Accounts

20 Million

1 million+ clients

Regulation & Security

Regulations (governing bodies)

FCA, CySEC, MFSA, ADGM, ASIC, FSA, FINRA, SEC

FSA, FCA, MAS, JFSA, SFC, ASIC, DFSA, FINMA, MiFID

Awards Won (count for the last 2 years)

Best Cryptocurrency Platforms by Good Money guide awards

Best Prime-of-Prime Broker 2024, Best Trading Platform 2024, Best Forex Broker 2024, Best CFD Broker 2023 and Best DMA/Professional Trading Account 2023

Security Measures

AML, ICF

Danish Depositor and Investor Guarantee Scheme DGS upto EUR 100,000 per depositor

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Yes

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

5545+ stocks

over 71,000 financial instruments including Turbos

Currency Pairs

Yes

Commodities

Yes

Indices

Yes

Cryptocurrencies

Yes

CFDs

Yes

ETFs

Yes

Stocks

Yes

Options

Yes

Futures

Yes

Bonds

Yes

Mutual Funds

Yes

Fractional Shares

Exchange Traded Notes (ETNs)

Precious Metals

Yes

Real Estate Investment Trusts (REITs)

Equities

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

MT5

cTrader

Social Trading

Yes

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

Web trading and Mobile trading apps

Saxo investor, SaxoTrader GO, SaxoTrader PRO

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Professional, Retail or Personal account, Corporate account

Saxo account, Joint account, Corporate account, Professional account

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

$50.00

Leverage Available

1:2 to 1:30

1:50-1:100

Trade Limit (maximum per trade)

Depends on the assets class

Commission (per account type)

Best Suited For (e.g., beginners, experienced traders)

Beginners

Beginners to experienced traders

Deposit & Withdrawal Options

Deposit Methods

Debit card, Online banking, Wire transfer, e-Wallets

VAN bank transfer, Bank transfer, Telegraphic transfer, Credit/ debit card

Withdrawal Methods

Debit card, Online banking, Wire transfer, e-Wallets

Telegraphic Transfer, MEPS

Other E-Wallets Supported

PayPal

Tools & Educational Resources

Economic Calendar

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

eToro Guides and eBooks, Crypto and Trading Courses, Trading Academy, Market News and Analysis, Webinars

Saxo Academy Trading Education, Market Analysis and Insights, Webinars, Trading Strategies and Ideas, Saxo TV Market News and Analysis

Fees & Commissions

Trading-Related Fees

Stocks- $1 or $2, Commission- $0, ETFs-$0, Spread-0, Crypto-2% of the transaction size; Minimum: $1 to Maximum: $100, CFD(Stocks and EFTs)- 0.15%, Crypto CFDs: 1%

Stocks - $1, ETFs-$1, Bonds- 0.05%, Mutual funds- $0, Spread on Major forex pairs- from 0.7 to 0.9 pips

Spread (typical, fixed, variable)

Fixed

Variable

Per Lot Fees

Options Contract Fees

$0.75

Futures Contract Fees

Markup Fees on Spread

1% for both opening and closing a position

Guaranteed Stop Loss Fees

Maximum Leverage

30:1

1:1000

Non-Trading Fees

Dormant Fees

$10/month after 12 months of inactivity

Subscription Fees (for premium features, data feeds)

100 EUR per ISIN

Advisory Fees

Swap Fees (Overnight Financing)

Yes

Statement or Document Fee

Account Opening Fee

Account Maintenance Fee

Deposit Fee

Plus or minus 0.25%

Currency Conversion Fee

0.75%

Withdrawal Fee

$5 fee for withdrawals to external accounts

$0 bank fees may apply

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Customer Benefits (e.g., Retirement Plan)

Trading Hours

Trading Hours (for each asset class if applicable)

9:30am ET until 4pm during normal business days

Varies by instrument

Customer Support

Support Hours (e.g., 24/7, weekdays only)

24/7

24/5

Customer Support Methods (phone, email, live chat)

Chatbot, Live chat, Ticket

Phone: +33 1 78 94 56 40, +44 (0)207 151 2100, +39 02 3668 2929, +31 (0)20 225 5900, +41 58 317 95 00. E-mail: [email protected], Live chat

Support Languages

19+

24+

Additional Information

Headquarters Location

4th floor, One Canada Square Canary Wharf London, E14 5AB United Kingdom

Copenhagen, Denmark

Complaints (for crypto brokers)

At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.

eToro stands out for its zero-commission trading model, appealing to cost-conscious investors. In contrast, Saxo Bank offers more comprehensive services with slightly higher fees, especially for advanced tools and asset classes.

While eToro prioritizes fast registration with minimal steps, Saxo Bank focuses on a thorough vetting process that gives more flexibility in choosing account types and features.

If you're looking for platform speed and ease of execution, eToro delivers a smooth experience. Saxo Bank, however, is tailored toward traders who want deeper analysis tools and portfolio insights.

eToro stands out for active traders with robust tools, while Saxo Bank suits investors seeking simplicity and ease of use.

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