Saxo Bank Vs. eToro - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 69% of retail CFD accounts lose money.	Visit 74% of retail CFD accounts lose money.
Overview
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.	eToro is an international broker specialised in social and copy trading that offers real stocks and cryptocurrencies along with CFDs on several asset classes.
Best For
Professional investors looking to trade a variety of markets High net worth traders or investors	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
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 7 Other Licenses 0 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 2 Other Licenses 2 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
ASIC (Australia) HKMA (Hong Kong) ADGM (United Arab Emirates) FINMA (Switzerland) MAS (Singapore) FFAJ (Japan) AFM (Netherlands)	CySec (Cyprus) FCA (UK) ASIC (Australia) FSAS (Seychelles)
The Good
Exceptional selection of financial instruments at one place 2 highly-customizable proprietary trading platforms API integration for 3rd party services like Excel or TradingView	Social and Copy trading capabilities Trading real shares and cryptocurrencies
The Bad
High minimum deposit for certain countries Withdrawals via bank transfer only High fees on options and futures	Copy Trading statistics are not clear enough Lack of advanced order placement controls
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
4 days	1 day
📋 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
1992	2007
💳 Minimum Deposit Range
From $500 up to $2,000	From $50 to $200
💰 Payment Methods
Visa Mastercard Bank Transfer	Visa Mastercard Bank Transfer Sofort Neteller Paypal Skrill
💵 Account Base Currencies
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.	1 - USD.
🗽 Available to U.S Citizens
No	Yes
❌ Restricted Countries
US, BR, ES, IN, KE, MX, NG, PK, ZA.	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.
📊 STP Account
Yes	Yes
📊 DMA Account
Yes	Yes
📊 ECN Account
Yes	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
Hybrid	Hybrid
Total Asset Offering
49,339	4,245
Exchange Access
0	0
📙 Real Stocks
30,000	2,000
📙 Stock CFDs
0	2,000
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
182	47
📗 Commodities
0	0
📗 Commodities CFDs
19	14
📕 Indices
0	0
📕 Indices CFDs
29	13
📔 ETFs
5,400	0
📔 ETFs CFDs
5,400	145
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
9	26
📒 Bonds
5,000	0
📒 Bonds CFDs
0	0
📓 Options
3,000	0
📓 Options CFDs
0	0
📗 Futures
300	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
Unavailable	$10
📉 Minimum ETFs Trade Size
Unavailable	$10
📈 Minimum Crypto Trade Size
Varies by Cryptocurrency (eg: 0.01 units of BTC)	$10
📉 Minimum FX Trade Size
$1,000 (0.01 lots)	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Unavailable	$1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
30	30
💪 Professional Leverage
66	Unavailable
✍ Customisable Leverage
No	Yes
🎲 Deleveraged Trading
Yes	Yes
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
No	No
📺 MetaTrader 5
No	No
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
Yes	No
💻 Proprietary Platform
Yes	Yes
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	Yes
👫 Social Trading
No	Yes
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
Up to $150 after 6 months of inactivity, £25 after one quarter in the UK.	After 12 months of inactivity, a $10 monthly inactivity fee will be charged.
💰 Deposit Fees
None	Conversion fees apply.
💰 Withdrawal Fees
None	$5 flat fee.
💰 Commissions
$0.02/share (min $10) for US Stocks, from 0.10% (min €10) for other equity markets, €4 per futures contract.	No commissions on real stocks and ETFs
Spreads
📈 EUR/USD
Dynamic - From 0.4 to 0.8 Pips	Dynamic - From 1 Pip
📉 SP500
Unavailable	Dynamic - From 75 Pips
📈 GOLD
Unavailable	Dynamic - From 45 Pips
📉 TSLA (Stock CFD)
Unavailable	Dynamic - From 0.09%
📈 XLK (ETF - CFD)
Unavailable	Dynamic - From 0.09%
📉 BTC
Unavailable	Fixed - 1%
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
Yes	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	Yes
📡 Reuters Feed
No	No
📡 Educational Content
No	Yes
📡 Live Chat Support
Yes	Yes
📡 Video Tutorials
No	Yes
📡 Account Management
Yes	No
📡 Webinars
No	No