Written by StockBrokers.com
In this head to head comparison of Saxo vs eToro, 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, Saxo offers better pricing than eToro 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.
Saxo vs eToro for UK investors: both brokers offer share trading, crypto, ETFs, CFDs, and investment trusts, giving you plenty of ways to build a diversified portfolio. Neither firm provides advisor services.
Saxo goes further with access to funds plus corporate and government bonds (gilts), options that eToro doesn’t offer. Reflecting this wider choice, UK.StockBrokers.com rates Saxo 5/5 stars and ranks it #2 of 21 for investment choices, while eToro holds 4.5/5 stars and ranks #11.
| Feature |
Saxo
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eToro
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|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | Yes | Yes |
| ETFs | Yes | Yes |
| Mutual Funds | Yes | No |
| Bonds - Government (Gilts) | Yes | No |
| 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.
Comparing Saxo and eToro for trading tools, both offer browser-based platforms and price alerts. On charts, neither broker shows corporate events or lets you add notes, and both support stock overlays. The big differences are in chart studies: Saxo provides 20 drawing tools and 64 technical indicators, while eToro offers 9 drawing tools but a larger set of 106 indicators. eToro also supports index overlays, which Saxo does not.
For UK traders who want more indicators and index overlays, eToro has the edge, and it also supplies real-time market data (Saxo does not). If you value a broader set of drawing tools, Saxo may appeal. Both platforms cover the basics with web access and price alerts, but their charting depth varies depending on what you need.
| Feature |
Saxo
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eToro
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|---|---|---|
| Web Platform | Yes | Yes |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 64 | 106 |
| Charting - Drawing Tools | 20 | 9 |
| Charting - Notes | No | No |
| Charting - Display Corporate Events | No | No |
| Charting - Stock Overlays | Yes | Yes |
| Charting - Index Overlays | No | Yes |
For UK investors comparing Saxo vs eToro, both platforms offer ISA accounts, but only Saxo provides a SIPP for pension saving while eToro does not. If you’re looking for an ISA, either works; if you need a SIPP to build retirement savings with tax advantages, you’ll need to choose Saxo.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
UK investors comparing online broker apps will find both Saxo and eToro offer iPhone and Android apps, each earning a 5-star mobile rating from UK.StockBrokers.com; however, in the site’s league table of 21 brokers, Saxo ranks #1 for Mobile Apps while eToro ranks #4, making Saxo the top-ranked choice without giving up the same five-star quality available on either platform.
Dive deeper: Best Stock Trading Apps UK.
Comparing Saxo vs eToro for beginner investor education in the UK: Saxo offers educational client webinars and archives them for viewing on demand, while eToro provides no webinars. Both cover share trading, but only Saxo includes education on funds and retirement. Although each is rated 5/5 stars by UK.StockBrokers.com for beginner education, Saxo ranks #2 of 21 brokers, ahead of eToro at #7. If you want webinars and wider topics, Saxo is the better fit; if you only need share trading basics, either platform works.
| Feature |
Saxo
|
eToro
|
|---|---|---|
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Education (Share Trading) | Yes | Yes |
| Education (Funds) | Yes | No |
| Education (Retirement) | Yes | No |
| Education |
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Dive deeper: Best UK Trading Platforms for Beginners.
For UK investors comparing Saxo vs eToro on market research, both platforms provide shares and ETF research and let you view portfolio allocation by asset class. However, Saxo goes further with funds and bonds research, and it also offers research reports for funds—something eToro lacks. If you need detailed fund and bond insights and formal fund reports, Saxo is the stronger choice; if you only need share and ETF research with an allocation view, either platform will do.
| Feature |
Saxo
|
eToro
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - ETFs | Yes | Yes |
| Research - Bonds | Yes | No |
| Research - Funds | Yes | No |
| Fund Research - Research Reports | Yes | No |
| Portfolio Allocation Breakdown | Yes | Yes |
Which broker is better overall, Saxo or eToro? After collecting more than 900 data points over a 10-week period, we found Saxo to be a better trading platform overall.
Saxo’ trading platform is highly sophisticated and offers a huge range of international shares and funds. The biggest downside is the cost, as its charges are higher than its U.K. competitors. It's best suited for experienced investors rather than beginners.
| Feature |
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eToro
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In a Saxo vs eToro comparison, both online brokers offer cryptocurrency trading, giving investors access to crypto markets on either platform.
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0 of 5| Overall Rating | Saxo | eToro | |
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| Review | Saxo Review | eToro Review | |
| Winner | check_circle |
| Investments | Saxo | eToro | |
|---|---|---|---|
| ISA | Yes | Yes | |
| SIPP | Yes | No | |
| Share Trading | Yes | Yes | |
| CFD Trading | Yes | Yes | |
| Mutual Funds | Yes | No | |
| ETFs | Yes | Yes | |
| Bonds - Corporate | Yes | No | |
| Bonds - Government (Gilts) | Yes | No | |
| Investment Trusts | Yes | Yes | |
| Spread Betting | No | No | |
| Crypto Trading | Yes | ||
| Advisor Services | No | No |
| Trading Fees | Saxo | eToro | |
|---|---|---|---|
| Minimum Deposit | £0 | $50 | |
| Share Trading: 0-9 Deals/ Month | $1 / £3 / €3 | £0 | |
| Share Trading: 10-19 Deals/ Month | $1 / £3 / €3 | £0 | |
| Share Trading: 20+ Deals/ Month | $1 / £3 / €3 | £0 | |
| 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 | 0.4%, 0.2%, 0.1% | N/A | |
| Annual Platform Fee (Funds): £250K-£500K | 0.4%, 0.2%, 0.1% | N/A | |
| Annual Platform Fee (Funds): £500,000 - £1m | 0.4%, 0.2%, 0.1% | N/A | |
| Annual Platform Fee (Funds): £1m and over | 0.4%, 0.2%, 0.1% | N/A | |
| Bonds - Corporate - Fee | €20 minimum | N/A | |
| Bonds - Government (Gilts) - Fee | €20 minimum | £0 | |
| ETFs - Fee | From $1 | N/A | |
| Investment Trusts - Fee | 0.03/0.06/0.08% | £0 | |
| Telephone Dealing Fee | £50 | N/A |
| Broker Screenshots | Saxo | eToro | |
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| Platforms & Tools | Saxo | eToro | |
|---|---|---|---|
| Web Platform | Yes | Yes | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 64 | 106 | |
| Charting - Drawing Tools | 20 | 9 | |
| Charting - Notes | No | No | |
| Charting - Display Corporate Events | No | No | |
| Charting - Stock Overlays | Yes | Yes | |
| Charting - Index Overlays | No | Yes |
| Research | Saxo | eToro | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | |||
| Research - Funds | Yes | No | |
| Fund Research - Research Reports | Yes | No | |
| Research - ETFs | Yes | Yes | |
| Research - Bonds | Yes | No | |
| Portfolio Allocation Breakdown | Yes | Yes |
| Education | Saxo | eToro | |
|---|---|---|---|
| Education (Share Trading) | Yes | Yes | |
| Education (Funds) | Yes | No | |
| Education (Retirement) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No |
| Overall Summary | Saxo | eToro | |
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| Review | Saxo Review | eToro Review | |
| Winner | check_circle |
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