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Saxo Markets vs eToro 2023

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

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.

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Overall RatingSaxo MarketseToro
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 3/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 3.5/5 Stars
Mobile Trading 5/5 Stars 3.5/5 Stars
Platforms & Tools 5/5 Stars 3.5/5 Stars
Research 4.5/5 Stars 3/5 Stars
Ease of Use 4.5/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Review Saxo Markets Review eToro Review
Winner check_circle
InvestmentsSaxo MarketseToro
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 FeesSaxo MarketseToro
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 & ToolsSaxo MarketseToro
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
ResearchSaxo MarketseToro
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
EducationSaxo MarketseToro
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 SummarySaxo MarketseToro
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 3/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 3.5/5 Stars
Mobile Trading 5/5 Stars 3.5/5 Stars
Platforms & Tools 5/5 Stars 3.5/5 Stars
Research 4.5/5 Stars 3/5 Stars
Ease of Use 4.5/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Review Saxo Markets Review eToro Review
Winner check_circle
  • check_box_outline_blankcheck_boxAJ Bell
  • check_box_outline_blankcheck_boxBarclays
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxDEGIRO
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFineco Bank
  • check_box_outline_blankcheck_boxFreetrade
  • check_box_outline_blankcheck_boxHalifax
  • check_box_outline_blankcheck_boxHargreaves Lansdown
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxInteractive Investor
  • check_box_outline_blankcheck_boxLloyds Bank
  • check_box_outline_blankcheck_boxSaxo Markets
  • check_box_outline_blankcheck_boxTrading 212
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Saxo Markets vs eToro Comparison

For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Saxo Markets vs eToro.

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.

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.

Which broker offers a wider range of investment options?

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.

Which broker 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 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

Read Next: Best UK Trading Platforms 2022


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Reink Media Group is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.

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