eToro Vs. Saxo Bank - Compare and Choose the Right One


Visit 78% of retail CFD accounts lose money.	Visit 69% of retail CFD accounts lose money.
Overview
eToro is an international broker specialised in social and copy trading that offers real stocks and cryptocurrencies along with CFDs on several asset classes.	Saxo Bank is a Danish investment bank operating since 1992. It is one of the most regulated brokerages in the world with an exceptional selection of financial instruments.
Best For
New traders looking to use the copy trading feature Experienced traders looking to monetise their skills by gaining followers Passive investors looking to buy and hold shares with no commissions	Professional investors looking to trade a variety of markets High net worth traders or investors
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 2 Other Licenses 2 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 7 Other Licenses 0 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
CySec (Cyprus) FCA (UK) ASIC (Australia) FSAS (Seychelles)	ASIC (Australia) HKMA (Hong Kong) ADGM (United Arab Emirates) FINMA (Switzerland) MAS (Singapore) FFAJ (Japan) AFM (Netherlands)
The Good
Social and Copy trading capabilities Trading real shares and cryptocurrencies	Exceptional selection of financial instruments at one place 2 highly-customizable proprietary trading platforms API integration for 3rd party services like Excel or TradingView
The Bad
Copy Trading statistics are not clear enough Lack of advanced order placement controls	High minimum deposit for certain countries Withdrawals via bank transfer only High fees on options and futures
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
Key Data
⌛ Account Opening Time
1 day minimum (may take longer)	4 Days
📋 Documents Required
Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.	Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.
📍 Year Founded
2007	1992
💳 Minimum Deposit
From $5 to $200	From 500 € to 2,000 € depending on residence
💰 Payment Methods
Visa Mastercard Bank Transfer Sofort Neteller Paypal Skrill	Visa Mastercard Bank Transfer
💵 Account Base Currencies
1 - USD	26 - AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, LTL, MXN, MYR, NOK, NZD, PLN, RON, RUB, SEK, SGD, TRY, USD, ZAR
🗽 Available to U.S Citizens
Only for crypto Trading	No
❌ Restricted Countries
AF, AL, BS, BB, BY, BA, BW, BN, BI, KH, CA, TD, CD, CG, ET, FJ, GH, GN, GW, GY, IR, IQ, JM, JP, LA, LY, ML, MU, MN, ME, MM, NA, NI, KP, MK, PK, PW, WS, RS, SO, LK, SD, SY, TT, TN, TR, UG, VU, YE, ZM	US,BR,ES,IN,KE,MX,NG,PK,ZA
📊 STP Account
Yes	Yes
📊 DMA Account
No	Yes
📊 ECN Account
Yes	Yes
Assets
📚 Available Assets
Real stocks and ETFs CFDs on stocks, ETFs, currencies, commodities, cryptocurrencies and indices	Real stocks, ETFs, bonds and options. CFDs on currencies, commodities, stocks, indices, ETFs, cryptocurrencies and bonds.
📙 Stocks
2,000+ Real Stocks / 2,000+ CFDs	30,000+
📘 Currency Pairs
47	182
📗 Commodities
14	19 (CFDs)
📕 Indices
13	29 (CFDs)
📔 ETFs
145	5,400+
💸 Cryptocurrencies
26	9
📒 Bonds
N/A	5,000+
📓 Options
N/A	3,000+
📗 Futures
N/A	300+
📝 Notes:
Real stocks are offered without leverage, all the rest of the assets are CFDs.	N/A
Trading Experience
📈 Minimum Stock Trade Size
$50	N/A
📉 Minimum ETFs Trade Size
$50	N/A
📈 Minimum Crypto Trade Size
$25	Varies by Cryptocurrency (eg: 0.01 units of BTC)
📉 Minimum FX Trade Size
$1,000	$1,000 (0.01 lots)
📈 Minimum Commodities Trade Size
$1,000	N/A
📉 Minimum Bonds Trade Size
N/A	N/A
📈 Minimum Futures Trade Size
N/A	N/A
📉 Minimum Options Trade Size
N/A	N/A
💪 Retail Leverage
Up to 1:30	Up to 1:30
💪 Professional Leverage
Varies	Up to 1:66
✍ Customisable Leverage
No	No
🎲 Deleveraged Trading
Yes	Yes
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
No	No
📺 MetaTrader 5
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	Yes (through API)
💻 Proprietary Platform
Yes	Yes
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	Yes
👫 Social Trading
Yes	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
After 12 months of inactivity, a $10 monthly inactivity fee will be charged.	Up to $150 after 6 months of inactivity, £25 after one quarter in the UK
💰 Deposit Fees
No	No
💰 Withdrawal Fees
$5	No
💰 Commissions
No	$0.02/share (min $10) for US Stocks, from 0.10% (min €10) for other equity markets, €4 per futures contract
Spreads
📈 EUR/USD
Dynamic - From 1 Pip	0.8 Pips average - 0.4 for VIPs
📉 SP500
Dynamic - From 75 Pips	N/A
📈 GOLD
Dynamic - From 45 Pips	N/A
📉 TSLA (Stock CFD)
Dynamic - From 0.09%	N/A
📈 XLK (ETF - CFD)
Dynamic - From 0.09%	N/A
📉 BTC
Dynamic - From 0.75%	N/A
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	Yes
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	Yes
📡 Reuters Feed
No	No