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Home page -> Comparison -> eToro vs Saxo Capital Markets | Broker Comparison

Title eToro vs Saxo Capital Markets | Broker Comparison

Best trading broker comparisons. We compared eToro with Saxo Capital Markets to see what key differences we could find.

Our goal was to create a side by side comparison of the approved brokers on wecomparebrokers to give you an at-a-glance overview of their features, broker details and fees. Our broker reviews and comparisons done by us testing accounts with real money and from the traders view point. You can also use our broker finder to look for a broker specific to your requirements.

Below is a comparison between eToro VS Saxo Capital Markets.

In our testing, we used our trading accounts and ranked various points that we liked, did not like or were indifferent to. We tried to be objective and be fair minded when evaluating certain characteristics, based on what features the broker had to offer in compared with how competitive their fees are. Additionally, we have created our own unique rating system which use for judging all brokers in our side-by-side broker comparisons.

Basic Information

Year Founded

First broker:

2007

Second broker:

UK since 2006

Headquarters Location

First broker:

Cyprus, Israel, UK

Second broker:

Denmark, UK subsidiary

Publicly Traded (Entity or Parent)

First broker:

YES

Second broker:

YES

Regulated?

First broker:

YES

Second broker:

YES

Primary Regulator

First broker:

CySEC

Second broker:

FCA

Minimum Deposit

First broker:

$200

Second broker:

$2000

Fixed Spreads?

First broker:

NO

Second broker:

NO

Trading Type

First broker:

Market Maker, NDD, STP

Second broker:

Dealing Desk, Mkt Mak, STP

Commissions on Trades

First broker:

YES

Second broker:

YES

CFD Loss Rate

First broker:

76% loss rate on CFDs

Second broker:

72% loss rate on CFDs

Maximum Leverage

First broker:

1:30

Second broker:

1:30

Currency Pairs Offered

First broker:

47

Second broker:

182

General Average Rating - 3 scale

First broker:

1,68

Second broker:

1,95

Background

Value

Score

Value

Score

Year Founded

First broker:

2007

3,0

Second broker:

UK since 2006

2,5

Headquarters location + Offices

First broker:

Cyprus, Israel, UK

2,0

Second broker:

Denmark, UK subsidiary

2,0

Publicly traded?

First broker:

Private

1,5

Second broker:

YES

3,0

Size Measure

First broker:

Over 5 million accts

3,0

Second broker:

Annual Revs > $100 million

3,0

Summary Score

First broker:

2,38

Second broker:

2,63

Regulatory Compliance

Value

Score

Value

Score

Regulated or unregulated?

First broker:

YES

3,0

Second broker:

YES

3,0

Primary regulator

First broker:

CySEC

2,0

Second broker:

FCA

3,0

Multiple compliance

First broker:

FCA, ASIC, ESMA

3,0

Second broker:

ESMA

2,0

Safety of Deposits

First broker:

Offshore, No crypto protect

1,5

Second broker:

Very Secure

3,0

Summary Score

First broker:

2,38

Second broker:

2,75

Fees & Charges

Value

Score

Value

Score

Commissions, Fees & Charges

First broker:

Spreads can widen

1,5

Second broker:

Comm + spread on trades

1,0

General

First broker:

Overnight and weekend apply

1,5

Second broker:

Confusing fee schedules

1,0

Spreads

First broker:

High on average

1,5

Second broker:

Competitive

1,0

Summary Score

First broker:

1,33

Second broker:

1,50

Investment Products

Value

Score

Value

Score

Stocks - Breadth

First broker:

Medium

1,5

Second broker:

Expansive - 35,000 items

3,0

Forex - Breadth

First broker:

47 pairs

2,5

Second broker:

Major, minor, and exotic

3,0

Other: Comm, Crypto, Spread, CFD?

First broker:

Primary CFD, cryptos

2,0

Second broker:

No Spread Betting, No Crypto

1,5

Summary Score

First broker:

2,0

Second broker:

2,50

Platform experience

Value

Score

Value

Score

MT4 or equivalant

First broker:

None, only proprietary

1,0

Second broker:

Limited access thru API

1,5

Proprietary options

First broker:

Single platform

1,5

Second broker:

Advanced proprietary platform

2,0

Special Advanced?

First broker:

No streaming news

1,0

Second broker:

Mobile apps low security

1,5

Summary Score

First broker:

1,17

Second broker:

1,67

Special Features

Value

Score

Value

Score

Feature A

First broker:

Heavy focus on social trading

2,5

Second broker:

Fee discounts at high levels

1,5

Feature B

First broker:

No volume discounts

1,5

Second broker:

High acct open fee, inactivity fees

1,5

Feature C

First broker:

Loss protect only at high level

1,0

Second broker:

High-end institutional support

2,5

Summary Score

First broker:

1,67

Second broker:

1,83

Research Tools/Guidance

Value

Score

Value

Score

Financial Commentary

First broker:

Minimal

1,0

Second broker:

Top line analyst commentary

2,5

Technical Anlaysis

First broker:

Minimal

1,0

Second broker:

Archive search needs work

2,5

Other Guidance

First broker:

Social Trading

2,5

Second broker:

No social trading for small accts

1,0

Summary Score

First broker:

1,50

Second broker:

1,67

Education Support

Value

Score

Value

Score

Basic Library

First broker:

Basic Minimal

1,0

Second broker:

Not focused on small client

1,5

Webinars/Support

First broker:

Some access

1,5

Second broker:

Basic webinars

1,5

General

First broker:

76% loss rate on CFDs

1,5

Second broker:

72% loss rate on CFDs

1,5

Summary Score

First broker:

1,33

Second broker:

1,50

Customer Support

Value

Score

Value

Score

Live Chat, Web, Tele, Offices

First broker:

No Live Chat, ticket system

1,0

Second broker:

No live chat small accts

1,5

Responsiveness

First broker:

Average

1,5

Second broker:

Better than Average

2,5

FAQs? Quality?

First broker:

Sufficient

2,0

Second broker:

Support delays

1,5

Summary Score

First broker:

1,50

Second broker:

1,83

General Pros & Cons

Value

Score

Value

Score

Pro #1

First broker:

Pioneer in social trading

2,5

Second broker:

Advanced charting tools

2,0

Pro #2

First broker:

Good charting tools

2,0

Second broker:

News and research integrated

2,5

Pro #3

First broker:

Broad crypto coverage

2,0

Second broker:

Customizable Desktop

2,5

Con #1

First broker:

Poor education area

1,0

Second broker:

Lack of Security features

1,0

Con #2

First broker:

Poor cust service access

1,0

Second broker:

Focus on large clients

1,0

Con #3

First broker:

Designed for low skill traders

1,0

Second broker:

No Stop Loss guarantee

1,0

Summary Score

First broker:

1,58

Second broker:

1,67

General Average Rating - 3 scale

General Average Rating - 3 scale

First broker:

1,68

Second broker:

1,95

Broker links

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