Written by StockBrokers.com
Is Saxo Markets better than eToro? After scoring the best share dealing accounts across 46 different variables, Saxo Markets is better than eToro. Saxo Markets offers a well-functioning platform with an array of investment opportunities featuring over 30,000 international products to trade across 40 global exchanges. The one downside is pricing, which is high.
| Overall Rating | Saxo Markets | eToro | |
|---|---|---|---|
| Overall Rating |
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| Commissions & Fees |
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| Offering of Investments |
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| Mobile Trading |
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| Platforms & Tools |
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| Research |
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| Ease of Use |
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| Education |
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| Review | Saxo Markets Review | eToro Review | |
| Winner | check_circle |
| Investments | Saxo Markets | eToro | |
|---|---|---|---|
| ISA | Yes | No | |
| SIPP | Yes | No | |
| Share Trading | Yes | Yes | |
| CFD Trading | Yes | Yes | |
| Funds | Yes | No | |
| ETFs | Yes | Yes | |
| Bonds - Corporate | Yes | No | |
| Bonds - Government (Gilts) | Yes | No | |
| Investment Trusts | Yes | No | |
| Spread Betting | No | No | |
| Crypto Trading | No | Yes | |
| Advisor Services | No | No |
| Trading Fees | Saxo Markets | eToro | |
|---|---|---|---|
| Minimum Deposit | £500.0 | £10.0 | |
| Share Trading: 0-9 Deals/ Month | 0.10% (£8 min) | £0 (Other Fees Apply) | |
| Share Trading: 10-19 Deals/ Month | 0.10% (£8 min) | £0 (Other Fees Apply) | |
| Share Trading: 20+ Deals/ Month | 0.10% (£8 min) | £0 (Other Fees Apply) | |
| 5 trades per year (£30k portfolio) | £142 | £154 | |
| 12 trades per year (£30k portfolio) | £198 | £154 | |
| 36 trades per year (£30k portfolio) | £390 | £154 | |
| 120 trades per year (£30k portfolio) | £1062 | £154 | |
| 3 fund trades per year (£30k portfolio) | £126 | N/A | |
| Annual Custody Fee: £0 - £250,000 | 0.12% (min. €120 or £ equivalent) | £0 (Other Fees Apply) | |
| Annual Custody Fee: £250K-£500K | 0.12% (min. €120 or £ equivalent) | £0 (Other Fees Apply) | |
| Annual Custody Fee: £500,000 - £1m | 0.12% (min. €120 or £ equivalent) | £0 (Other Fees Apply) | |
| Annual Custody Fee: £1m and over | 0.12% (min. €120 or £ equivalent) | £0 (Other Fees Apply) | |
| Bonds - Corporate - Fee | 0.20% (min. EUR20) | N/A | |
| Bonds - Government (Gilts) - Fee | 0.20% (min. EUR20) | N/A | |
| ETFs - Fee | 0.10% (£8 min) | £0 (Other Fees Apply) | |
| Investment Trusts - Fee | 0.10% (£8 min) | N/A | |
| Telephone Dealing Fee | £50 | N/A |
| Platforms & Tools | Saxo Markets | eToro | |
|---|---|---|---|
| Web Platform | Yes | Yes | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 62 | 66 | |
| Charting - Drawing Tools | 20 | 13 | |
| Charting - Notes | Yes | No | |
| Charting - Display Corporate Events | No | No | |
| Charting - Stock Overlays | Yes | Yes | |
| Charting - Index Overlays | Yes | Yes |
| Research | Saxo Markets | eToro | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | Yes | No | |
| Research - Funds | Yes | No | |
| Fund Research - Research Reports | No | No | |
| Research - ETFs | Yes | Yes | |
| Research - Bonds | Yes | No | |
| Portfolio Allocation Breakdown | Yes | Yes |
| Education | Saxo Markets | eToro | |
|---|---|---|---|
| Has Education - Share Trading | Yes | Yes | |
| Has Education - Funds | No | No | |
| Has Education - Retirement | No | No | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes |
| Overall Summary | Saxo Markets | eToro | |
|---|---|---|---|
| Overall Rating |
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| Commissions & Fees |
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| |
| Offering of Investments |
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| Mobile Trading |
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| Platforms & Tools |
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| Research |
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| Ease of Use |
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| |
| Education |
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| Review | Saxo Markets Review | eToro Review | |
| Winner | check_circle |
For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Saxo Markets vs eToro.
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 Markets for share dealing.
Assuming a £30,000 portfolio size, here are the total annual costs for share dealing with both brokers, given different monthly activity scenarios.
5 trades per year - Saxo Markets would cost £142 per year, while eToro would cost £154 per year.
12 trades per year - Saxo Markets would cost £198 per year, while eToro would cost £154 per year.
36 trades per year - Saxo Markets would cost £390 per year, while eToro would cost £154 per year.
120 trades per year - Saxo Markets would cost £1062 per year, while eToro would cost £154 per year.
3 fund trades per year - Saxo Markets would cost £126 per year, while eToro would cost N/A per year.
Saxo Markets offers investors access to ISA, SIPP, Share Trading, CFD Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts, while eToro offers investors access to Share Trading, CFD Trading, ETFs and Crypto Trading, neither have Spread Betting and Advisor Services. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.
Our testing concluded that Saxo Markets is better for research than eToro. Saxo Markets offers more research options, including research reports, articles, and analyst ratings.
To compare the trading platforms of both Saxo Markets and eToro, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, Saxo Markets offers a better share dealing platform and Saxo Markets offers a better stock app for mobile trading.
Overall winner: Saxo Markets
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