eToro vs Saxo Bank
Side-by-side comparison of regulation, trading costs, platforms, and account types for eToro and Saxo Bank.
eToroTrust 8.7/10
ASIC
FCA
CySEC
FinCEN
Worlds largest social trading platform with 30M+ users. Copy trade successful investors, plus access to forex, stocks, crypto, ETFs, and commodities.
Saxo BankTrust 9.4/10
DFSA
FCA
ASIC
MAS
Established Danish investment bank offering one of the broadest product ranges in retail trading: forex, CFDs, stocks, ETFs, bonds, futures, and options across 50+ markets. Multi-regulated under FINMA, FCA, ASIC, MAS, JFSA. Premium platform (SaxoTraderGO/PRO) suits experienced and institutional traders.
Quick verdict
- Trust: Saxo Bank has the higher trust score.
- EUR/USD spread: Saxo Bank is tighter on EUR/USD.
Side-by-side comparison
| Feature | eToro | Saxo Bank |
|---|---|---|
| Trust score | 8.7 | 9.4 |
| Regulators | ASIC, FCA, CySEC, FinCEN | DFSA, FCA, ASIC, MAS, JFSA, FINMA |
| Headquarters | — | — |
| Founded | — | — |
| Min deposit | $50 | $0.00 |
| Max leverage | 1:30 | 1:200 |
| EUR/USD spread | 1.00 pips | 0.40 pips |
| Commission per lot | $0.00 | $0.00 |
| Raw spread account | ||
| Standard account | ||
| Swap-free account | ||
| cTrader | ||
| MT4 | ||
| MT5 | ||
| TradingView | ||
| Scalping allowed | ||
| EAs / algo allowed | ||
| Hedging allowed | ||
| Copy trading | ||
| Deposit methods | — | — |
| Withdrawal methods | — | — |
| Withdrawal speed | — | — |
| Base currencies | — | — |
eToro is best for
Beginners
Social/copy traders
Multi-asset investors
Saxo Bank is best for
Sophisticated traders
Multi-asset investors
High-net-worth clients