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.
Comparing eToro vs Saxo for UK investors, both platforms cover the essentials: you can buy shares, trade ETFs and CFDs, and access crypto. These choices suit anyone who wants straightforward access to popular markets within a single account.
Saxo offers a wider range overall, adding funds, corporate bonds, UK government bonds (gilts), and investment trusts—options eToro doesn’t provide. Neither broker offers advisor services. For Investment Choices, UK.StockBrokers.com rates eToro 4.5/5 (15th of 21) and Saxo 5/5 (1st of 21).
| Feature |
eToro
|
Saxo
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|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | Yes | Yes |
| ETFs | Yes | Yes |
| Mutual Funds | No | Yes |
| Bonds - Government (Gilts) | No | Yes |
| Investment Trusts | No | 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 UK traders: eToro offers 56 drawing tools and 106 technical indicators, while Saxo has 20 drawing tools and 64 indicators. Only eToro lets you add notes to charts and apply index overlays; both support stock overlays but neither shows corporate events (earnings, splits, dividends) on charts. Both provide a browser-based platform and price alerts, but only eToro includes real-time market data.
If you rely on charting for decisions, eToro’s wider toolset, on-chart notes, and index overlays can speed up analysis. If you just want straightforward charts with alerts in a web browser, Saxo may suit, though you’ll have fewer tools and no real-time prices.
| Feature |
eToro
|
Saxo
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|---|---|---|
| Web Platform | Yes | Yes |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 106 | 64 |
| Charting - Drawing Tools | 56 | 20 |
| Charting - Notes | Yes | 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 beginners comparing eToro vs Saxo on education, Saxo leads with live and on-demand webinars, plus clear guides on share trading, funds and retirement, earning 5/5 stars and ranking 3rd of 21 with UK.StockBrokers.com. eToro covers share trading but lacks webinars, on-demand archives, and education on funds or retirement; it still scores 4.5/5 but ranks 11th of 21. If you want structured webinars and broader topics, Saxo is the more complete choice; if you only need basics on trading shares, eToro can suit.
| 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
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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 | No | 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 | £0 | 0.4%, 0.2%, 0.1% | |
| Annual Platform Fee (Funds): £250K-£500K | £0 | 0.4%, 0.2%, 0.1% | |
| Annual Platform Fee (Funds): £500,000 - £1m | £0 | 0.4%, 0.2%, 0.1% | |
| Annual Platform Fee (Funds): £1m and over | £0 | 0.4%, 0.2%, 0.1% | |
| Bonds - Corporate - Fee | N/A | €20 minimum | |
| Bonds - Government (Gilts) - Fee | N/A | €20 minimum | |
| ETFs - Fee | £0 | From $1 | |
| Investment Trusts - Fee | N/A | 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 | 56 | 20 | |
| Charting - Notes | Yes | 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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