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Saxo Markets vs eToro 2020

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 UK residents an excellent share dealing experience by combining the brilliant SaxoTraderGO web platform with over 30,000 international products to trade. While Saxo Markets trails discount competitors in pricing, overall, it is our top broker for share dealing in 2020.

Overall Rating

Feature Saxo Markets eToro
Overall 5 4
Saxo Markets Review eToro Review

Trading Fees

Feature Saxo Markets eToro
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)
Bonds - Government (Gilts) - Fee
0.20% (min. £72) 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
Commissions & Fees 3.5 4.5
Winner check_circle

Platforms & Tools

Feature Saxo Markets eToro
Desktop Platform (Windows)
Yes No
Web Platform
Yes Yes
iPhone App
Yes Yes
Android App
Yes Yes
Stock Alerts
Yes Yes
Charting - Indicators / Studies
49 66
Charting - Drawing Tools
17 13
Charting - Notes
Yes No
Charting - Display Corporate Events
No No
Charting - Stock Overlays
Yes Yes
Platform & Tools 5 4
Winner check_circle

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 No
Research - Bonds
Yes No
Portfolio Allocation Breakdown
Yes Yes
Research 4.5 3.5
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Investments

Feature Saxo Markets eToro
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 Yes
Advisor Services
No No
Offering of Investments 4.5 3.5
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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
Education 3.5 3

Overall

Feature Saxo Markets eToro
Saxo Markets Review eToro Review
Overall 5 4
Winner check_circle

For our 2020 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 £75 each year while Saxo Markets would cost £204.

3 Trades Per Month - eToro is less expensive under this scenario. eToro would cost £75 per year while Saxo Markets would cost £396.

10 Trades Per Month - eToro is the better choice. Annual fees with eToro would total £75, while annual fees with Saxo Markets would be £1068.

20 Trades Per Month - eToro costs less in this scenario. Total annual costs with eToro would equal £75, while Saxo Markets would equal £2028.

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, between eToro and Saxo Markets, Saxo Markets is the winner.

eToro Review
Saxo Markets Review

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All pricing data was obtained from a published web site as of 01/15/2020 and is believed to be accurate, but is not guaranteed. The UK.StockBrokers.com 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.

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