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

Title Saxo Markets vs eToro USA | Broker Comparison

Basic Information

Year Founded

First broker:

UK since 2006

Second broker:

2007

Headquarters Location

First broker:

Denmark, UK subsidiary

Second broker:

Cyprus, Israel, UK

Publicly Traded (Entity or Parent)

First broker:

YES

Second broker:

No

Regulated?

First broker:

YES

Second broker:

YES

Primary Regulator

First broker:

FCA

Second broker:

CySEC

Minimum Deposit

First broker:

$2000

Second broker:

$50

Fixed Spreads?

First broker:

NO

Second broker:

NO

Trading Type

First broker:

Dealing Desk, Mkt Mak, STP

Second broker:

Market Maker, NDD, STP

Commissions on Trades

First broker:

YES

Second broker:

YES

CFD Loss Rate

First broker:

72% loss rate on CFDs

Second broker:

76% loss rate on CFDs

Maximum Leverage

First broker:

1:30

Second broker:

1:1

Currency Pairs Offered

First broker:

182

Second broker:

47

General Average Rating - 3 scale

First broker:

1,95

Second broker:

1,68

Background

Value

Score

Value

Score

Year Founded

First broker:

UK since 2006

2,5

Second broker:

2007

3,0

Headquarters location + Offices

First broker:

Denmark, UK subsidiary

2,0

Second broker:

Cyprus, Israel, UK

2,0

Publicly traded?

First broker:

YES

3,0

Second broker:

Private

1,5

Size Measure

First broker:

Annual Revs > $100 million

3,0

Second broker:

Over 5 million accts

3,0

Summary Score

First broker:

2,63

Second broker:

2,38

Regulatory Compliance

Value

Score

Value

Score

Regulated or unregulated?

First broker:

YES

3,0

Second broker:

YES

3,0

Primary regulator

First broker:

FCA

3,0

Second broker:

CySEC

2,0

Multiple compliance

First broker:

ESMA

2,0

Second broker:

FCA, ASIC, ESMA

3,0

Safety of Deposits

First broker:

Very Secure

3,0

Second broker:

Offshore, No crypto protect

1,5

Summary Score

First broker:

2,75

Second broker:

2,38

Fees & Charges

Value

Score

Value

Score

Commissions, Fees & Charges

First broker:

Comm + spread on trades

1,0

Second broker:

Spreads can widen

1,5

General

First broker:

Confusing fee schedules

1,0

Second broker:

Overnight and weekend apply

1,5

Spreads

First broker:

Competitive

1,0

Second broker:

High on average

1,5

Summary Score

First broker:

1,50

Second broker:

1,33

Investment Products

Value

Score

Value

Score

Stocks - Breadth

First broker:

Expansive - 35,000 items

3,0

Second broker:

Medium

1,5

Forex - Breadth

First broker:

Major, minor, and exotic

3,0

Second broker:

47 pairs

2,5

Other: Comm, Crypto, Spread, CFD?

First broker:

No Spread Betting, No Crypto

1,5

Second broker:

Primary CFD, cryptos

2,0

Summary Score

First broker:

2,50

Second broker:

2,0

Platform experience

Value

Score

Value

Score

MT4 or equivalant

First broker:

Limited access thru API

1,5

Second broker:

None, only proprietary

1,0

Proprietary options

First broker:

Advanced proprietary platform

2,0

Second broker:

Single platform

1,5

Special Advanced?

First broker:

Mobile apps low security

1,5

Second broker:

No streaming news

1,0

Summary Score

First broker:

1,67

Second broker:

1,17

Special Features

Value

Score

Value

Score

Feature A

First broker:

Fee discounts at high levels

1,5

Second broker:

Heavy focus on social trading

2,5

Feature B

First broker:

High acct open fee, inactivity fees

1,5

Second broker:

No volume discounts

1,5

Feature C

First broker:

High-end institutional support

2,5

Second broker:

Loss protect only at high level

1,0

Summary Score

First broker:

1,83

Second broker:

1,67

Research Tools/Guidance

Value

Score

Value

Score

Financial Commentary

First broker:

Top line analyst commentary

2,5

Second broker:

Minimal

1,0

Technical Anlaysis

First broker:

Archive search needs work

2,5

Second broker:

Minimal

1,0

Other Guidance

First broker:

No social trading for small accts

1,0

Second broker:

Social Trading

2,5

Summary Score

First broker:

1,67

Second broker:

1,50

Education Support

Value

Score

Value

Score

Basic Library

First broker:

Not focused on small client

1,5

Second broker:

Basic Minimal

1,0

Webinars/Support

First broker:

Basic webinars

1,5

Second broker:

Some access

1,5

General

First broker:

72% loss rate on CFDs

1,5

Second broker:

76% loss rate on CFDs

1,5

Summary Score

First broker:

1,50

Second broker:

1,33

Customer Support

Value

Score

Value

Score

Live Chat, Web, Tele, Offices

First broker:

No live chat small accts

1,5

Second broker:

No Live Chat, ticket system

1,0

Responsiveness

First broker:

Better than Average

2,5

Second broker:

Average

1,5

FAQs? Quality?

First broker:

Support delays

1,5

Second broker:

Sufficient

2,0

Summary Score

First broker:

1,83

Second broker:

1,50

General Pros & Cons

Value

Score

Value

Score

Pro #1

First broker:

Advanced charting tools

2,0

Second broker:

Pioneer in social trading

2,5

Pro #2

First broker:

News and research integrated

2,5

Second broker:

Good charting tools

2,0

Pro #3

First broker:

Customizable Desktop

2,5

Second broker:

Broad crypto coverage

2,0

Con #1

First broker:

Lack of Security features

1,0

Second broker:

Poor education area

1,0

Con #2

First broker:

Focus on large clients

1,0

Second broker:

Poor cust service access

1,0

Con #3

First broker:

No Stop Loss guarantee

1,0

Second broker:

Designed for low skill traders

1,0

Summary Score

First broker:

1,67

Second broker:

1,58

General Average Rating - 3 scale

General Average Rating - 3 scale

First broker:

1,95

Second broker:

1,68

Broker links

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