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Saxo Markets vs eToro 2022
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Overall Rating
| Feature | Saxo Markets | eToro |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| MobileTrading | ||
| Platform & Tools | ||
| Research | ||
| Ease Of Use | ||
| Education | ||
| Saxo Markets Review | eToro Review | |
| Winner | check_circle |
Investments
| Feature | Saxo Markets | eToro |
|
ISA |
Yes | No |
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SIPP |
Yes | No |
|
Share Trading |
Yes | Yes |
|
CFD Trading |
Yes | Yes |
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Funds |
Yes | No |
|
ETFs |
Yes | Yes |
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Bonds - Corporate |
Yes | No |
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Bonds - Government (Gilts) |
Yes | No |
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Investment Trusts |
Yes | No |
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Spread Betting |
No | No |
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Crypto Trading |
No | Yes |
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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) |
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Share Trading: 10-19 Deals/ Month |
0.10% (£8 min) | £0 (Other Fees Apply) |
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Share Trading: 20+ Deals/ Month |
0.10% (£8 min) | £0 (Other Fees Apply) |
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Annual Custody Fee: £0 - £250,000 |
0.12% (min. €120 or £ equivalent) | £0 (Other Fees Apply) |
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Annual Custody Fee: £500,000 - £1m |
0.12% | £0 (Other Fees Apply) |
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Annual Custody Fee: £1m and over |
0.12% | £0 (Other Fees Apply) |
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Bonds - Corporate |
Yes | No |
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Bonds - Government (Gilts) - Fee |
0.20% (min. EUR20) | N/A |
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ETFs - Fee |
0.10% (£8 min) | £0 (Other Fees Apply) |
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Investment Trusts - Fee |
0.10% (£8 min) | N/A |
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Telephone Dealing Fee |
£50.00 | N/A |
Platforms & Tools
| Feature | Saxo Markets | eToro |
|
Web Platform |
Yes | Yes |
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iPhone App |
Yes | Yes |
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Android App |
Yes | Yes |
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Stock Alerts |
Yes | Yes |
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Charting - Indicators / Studies |
62 | 66 |
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Charting - Drawing Tools |
20 | 13 |
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Charting - Notes |
Yes | No |
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Charting - Display Corporate Events |
No | No |
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Charting - Stock Overlays |
Yes | Yes |
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Charting - Index Overlays |
Yes | Yes |
Research
| Feature | Saxo Markets | eToro |
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Research - Shares |
Yes | Yes |
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Research - CFDs |
Yes | No |
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Research - Funds |
Yes | No |
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Fund Research - Research Reports |
No | No |
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Research - ETFs |
Yes | Yes |
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Research - Bonds |
Yes | No |
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Portfolio Allocation Breakdown |
Yes | Yes |
Education
| Feature | Saxo Markets | eToro |
|
Has Education - Share Trading |
Yes | Yes |
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Has Education - Funds |
No | No |
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Has Education - Retirement |
No | No |
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Client Webinars |
Yes | Yes |
|
Client Webinars (Archived) |
Yes | Yes |
Overall
| Feature | Saxo Markets | eToro |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| MobileTrading | ||
| Platform & Tools | ||
| Research | ||
| Ease Of Use | ||
| Education | ||
| 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
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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.
