Written by StockBrokers.com
In this head to head comparison of eToro vs Saxo, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
Your capital is at risk.
Alongside the cost per trade, most UK online brokers also charge a monthly, quarterly, or annual management fee, which varies based on the account type and balance. Based on our thorough review, eToro offers better pricing than Saxo for share dealing.
What type of trader are you?
New to the world of investing? See our picks for the Best UK Trading Platforms for Beginners. More experienced traders should read our guide to the Best UK Trading Platforms for Active Traders.
eToro and Saxo both let UK investors trade shares, crypto, ETFs, CFDs, and investment trusts, and neither offers advisor services. The key difference is breadth: Saxo also provides funds plus access to corporate bonds and UK government bonds (gilts), while eToro does not. Details for spread betting weren’t listed for either broker.
On investment choice, UK.StockBrokers.com rates eToro 4.5/5 stars (ranked 15 of 21) and Saxo 5/5 stars (ranked 1 of 21). In short, eToro suits those focused on shares, crypto, ETFs, CFDs, and investment trusts, whereas Saxo is better if you want a wider menu that includes funds and bonds.
| Feature |
eToro
|
Saxo
|
|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | Yes | Yes |
| ETFs | Yes | Yes |
| Mutual Funds | No | Yes |
| Bonds - Government (Gilts) | No | Yes |
| Investment Trusts | Yes | Yes |
| Spread Betting | No | No |
| Crypto Trading | Yes | Yes |
| Advisor Services | No | No |
| Investment Choices |
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Low-cost US and UK shares.
Professional’s Gateway to the World’s Markets.
eToro vs Saxo: For charting, eToro offers 106 technical indicators compared with Saxo’s 64, while Saxo provides more drawing tools (20 vs eToro’s 9). Neither platform shows corporate events (earnings, splits, dividends) on charts or lets you add notes. eToro supports index overlays, and both platforms support stock overlays.
Both eToro and Saxo offer browser-based platforms and let you set price alerts. A key difference is data: eToro provides real-time market data, whereas Saxo does not, which may matter if you want live pricing for fast decisions.
| Feature |
eToro
|
Saxo
|
|---|---|---|
| Web Platform | Yes | Yes |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 106 | 64 |
| Charting - Drawing Tools | 9 | 20 |
| Charting - Notes | No | No |
| Charting - Display Corporate Events | No | No |
| Charting - Stock Overlays | Yes | Yes |
| Charting - Index Overlays | Yes | No |
When comparing online brokers eToro and Saxo for retirement accounts in the UK, it's crucial to note the differences in offerings. Both eToro and Saxo provide ISA accounts, allowing you to invest in a tax-efficient manner. However, when it comes to SIPP accounts, which are essential for those seeking to manage their pension funds with more control, Saxo stands out as it offers this option, while eToro does not. This distinction could influence your choice depending on your retirement planning needs.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
Both eToro and Saxo provide convenient mobile apps for iPhone and Android users in the UK, offering flexibility and ease for trading on the go. eToro's app is highly rated, earning a perfect 5-star rating from UK.StockBrokers.com, and is ranked 5th among 21 brokers evaluated for mobile offerings. Saxo matches eToro's stellar 5-star rating, but takes the top spot as the #1 ranked app, showcasing its competitive edge in the mobile trading landscape. Whether you choose eToro or Saxo, you're assured of a top-tier mobile trading experience.
Dive deeper: Best Stock Trading Apps UK.
For UK beginner investors comparing online brokers, Saxo offers a richer education experience than eToro: Saxo runs live client webinars with on‑demand replays and covers share trading, funds, and retirement, while eToro provides share trading education only and no webinars or archives. Both receive 5-star beginner education ratings from UK.StockBrokers.com, but Saxo ranks 3rd of 21 brokers versus eToro’s 11th—making Saxo the better choice if you want webinars and broader learning topics.
| Feature |
eToro
|
Saxo
|
|---|---|---|
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | Yes |
| Education (Share Trading) | Yes | Yes |
| Education (Funds) | No | Yes |
| Education (Retirement) | No | Yes |
| Education |
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|
Dive deeper: Best UK Trading Platforms for Beginners.
When comparing the market research features of eToro and Saxo, UK investors will find significant differences in the range of resources available. Both eToro and Saxo allow users to view portfolio allocation by asset class, offering insights into the distribution of investments. In terms of research availability, both platforms provide detailed analysis on shares and ETFs, essential tools for informed decision-making. However, Saxo takes the lead in offering additional research options; it provides reports on funds and bonds, resources that are notably absent on eToro. While eToro offers a wide array of shares and ETFs research, UK investors seeking information on funds and bonds will find Saxo's more comprehensive offerings beneficial.
| Feature |
eToro
|
Saxo
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - ETFs | Yes | Yes |
| Research - Bonds | No | Yes |
| Research - Funds | No | Yes |
| Fund Research - Research Reports | No | Yes |
| Portfolio Allocation Breakdown | Yes | Yes |
Which broker is better overall, eToro or Saxo? After collecting more than 900 data points over a 10-week period, we found eToro to be a better trading platform overall.
eToro offers a wide range of assets and instruments and is well-known for its ‘social trading’ approach. It has among the lowest fees and best mobile app experiences of brokers we tested in the U.K., and offers a great starting point for those new to stock trading. Our analysis finds it better suited to short-term traders than long-term investors.
| Feature |
eToro
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Saxo
|
|---|---|---|
| Overall Rating |
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| Charges & Fees |
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| Mobile App |
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| Website |
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eToro vs Saxo: both online brokers offer crypto trading, allowing investors to access digital assets on either platform.
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0 of 5| Overall Rating | eToro | Saxo | |
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| Review | eToro Review | Saxo Review | |
| Winner | check_circle |
| Investments | eToro | Saxo | |
|---|---|---|---|
| ISA | Yes | Yes | |
| SIPP | No | Yes | |
| Share Trading | Yes | Yes | |
| CFD Trading | Yes | Yes | |
| Mutual Funds | No | Yes | |
| ETFs | Yes | Yes | |
| Bonds - Corporate | No | Yes | |
| Bonds - Government (Gilts) | No | Yes | |
| Investment Trusts | Yes | Yes | |
| Spread Betting | No | No | |
| Crypto Trading | Yes | ||
| Advisor Services | No | No |
| Trading Fees | eToro | Saxo | |
|---|---|---|---|
| Minimum Deposit | $50 | £0 | |
| Share Trading: 0-9 Deals/ Month | £0 | $1 / £3 / €3 | |
| Share Trading: 10-19 Deals/ Month | £0 | $1 / £3 / €3 | |
| Share Trading: 20+ Deals/ Month | £0 | $1 / £3 / €3 | |
| 5 trades per year (£30k portfolio) | |||
| 12 trades per year (£30k portfolio) | |||
| 36 trades per year (£30k portfolio) | |||
| 120 trades per year (£30k portfolio) | |||
| 3 fund trades per year (£30k portfolio) | |||
| Annual Platform Fee (Funds): £0 - £250,000 | N/A | 0.4%, 0.2%, 0.1% | |
| Annual Platform Fee (Funds): £250K-£500K | N/A | 0.4%, 0.2%, 0.1% | |
| Annual Platform Fee (Funds): £500,000 - £1m | N/A | 0.4%, 0.2%, 0.1% | |
| Annual Platform Fee (Funds): £1m and over | N/A | 0.4%, 0.2%, 0.1% | |
| Bonds - Corporate - Fee | N/A | €20 minimum | |
| Bonds - Government (Gilts) - Fee | £0 | €20 minimum | |
| ETFs - Fee | N/A | From $1 | |
| Investment Trusts - Fee | £0 | 0.03/0.06/0.08% | |
| Telephone Dealing Fee | N/A | £50 |
| Broker Screenshots | eToro | Saxo | |
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| Platforms & Tools | eToro | Saxo | |
|---|---|---|---|
| Web Platform | Yes | Yes | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 106 | 64 | |
| Charting - Drawing Tools | 9 | 20 | |
| Charting - Notes | No | No | |
| Charting - Display Corporate Events | No | No | |
| Charting - Stock Overlays | Yes | Yes | |
| Charting - Index Overlays | Yes | No |
| Research | eToro | Saxo | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | |||
| Research - Funds | No | Yes | |
| Fund Research - Research Reports | No | Yes | |
| Research - ETFs | Yes | Yes | |
| Research - Bonds | No | Yes | |
| Portfolio Allocation Breakdown | Yes | Yes |
| Education | eToro | Saxo | |
|---|---|---|---|
| Education (Share Trading) | Yes | Yes | |
| Education (Funds) | No | Yes | |
| Education (Retirement) | No | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes |
| Overall Summary | eToro | Saxo | |
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| Review | eToro Review | Saxo Review | |
| Winner | check_circle |
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