UK.Stockbrokers.com is committed to the highest ethical standards and reviews services independently. Learn how we make money.

Saxo Markets vs eToro 2022

Your capital is at risk.
Is eToro better than Saxo Markets? 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

Feature Saxo Markets eToro
Overall 4.5 4
Commissions & Fees 3 4
Offering of Investments 5 3.5
MobileTrading 5 3.5
Platform & Tools 5 3.5
Research 4.5 3
Ease Of Use 4.5 4
Education 4 3.5
Saxo Markets Review eToro Review
Winner check_circle

Investments

Feature 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

Feature Saxo Markets eToro
Minimum Deposit
£500.00 $10 (US and UK)
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)
Annual Custody Fee: £0 - £250,000
0.12% (min. €120 or £ equivalent) £0 (Other Fees Apply)
Annual Custody Fee: £500,000 - £1m
0.12% £0 (Other Fees Apply)
Annual Custody Fee: £1m and over
0.12% £0 (Other Fees Apply)
Bonds - Corporate
Yes No
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
£50.00 N/A

Platforms & Tools

Feature 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

Feature 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

Feature 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

Feature Saxo Markets eToro
Overall 4.5 4
Commissions & Fees 3 4
Offering of Investments 5 3.5
MobileTrading 5 3.5
Platform & Tools 5 3.5
Research 4.5 3
Ease Of Use 4.5 4
Education 4 3.5
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 eToro vs Saxo Markets.

Which broker is less expensive?

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.

1 Trade Per Month - eToro is cheaper. eToro would only cost £154 each year while Saxo Markets would cost £198.

3 Trades Per Month - eToro is less expensive under this scenario. eToro would cost £154 per year while Saxo Markets would cost £390.

10 Trades Per Month - eToro is the better choice. Annual fees with eToro would total £154, while annual fees with Saxo Markets would be £1062.

20 Trades Per Month - Saxo Markets costs less in this scenario. Total annual costs with Saxo Markets would equal £142, while eToro would equal £154.

Which broker offers a wider range of investment options?

Saxo Markets offers a more diverse selection of investment options than eToro. Saxo Markets offers investors access to ETFs, Funds, ISA, SIPP, Share Trading and Bonds - Government (Gilts). Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Which platform offers better research?

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.

Which trading platform is better?

To compare the trading platforms of both eToro and Saxo Markets, we tested each broker's trading tools and share dealing app. All features compared, Saxo Markets offers a better share dealing platform.

Overall winner: Saxo Markets

Read Next: Best UK Trading Platforms 2022


Related Comparisons

All pricing data was obtained from a published web site as of 10/04/2022 and is believed to be accurate, but is not guaranteed. The StockBrokers.com UK staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

arrow_drop_upBack to top