Your capital is at risk. Trade only with funds you can afford to lose.
Saxo
#70 in our CFD broker rankings
Accepts traders from Mayotte
66% of retail accounts lose money.
Rating breakdown
- Regulation & trust4.20.1 lower than eToro (4.3)
- Assets & markets4.20.4 higher than eToro (3.8)
- Fees & costs3.50.1 higher than eToro (3.4)
- Platforms & tools3.81.0 higher than eToro (2.8)
- Accounts & banking3.01.1 lower than eToro (4.1)
- Education3.50.5 lower than eToro (4.0)
- Research3.50.8 lower than eToro (4.3)
- Customer support3.51.0 higher than eToro (2.5)
eToro’s score. Numbers show the difference.
eToro
#12 in our CFD broker rankings
Accepts traders from Mayotte
55% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Rating breakdown
- Regulation & trust4.30.1 higher than Saxo (4.2)
- Assets & markets3.80.4 lower than Saxo (4.2)
- Fees & costs3.40.1 lower than Saxo (3.5)
- Platforms & tools2.81.0 lower than Saxo (3.8)
- Accounts & banking4.11.1 higher than Saxo (3.0)
- Education4.00.5 higher than Saxo (3.5)
- Research4.30.8 higher than Saxo (3.5)
- Customer support2.51.0 lower than Saxo (3.5)
Saxo’s score. Numbers show the difference.
| Saxo | eToro | |
|---|---|---|
| Overview | Saxo Markets is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC. | eToro is a top-rated multi-asset platform which offers trading services in thousands of CFDs, stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. The brand is particularly popular for its comprehensive social trading platform. Crypto investments are risky and may not suit retail investors. You could lose your entire investment. Understand the risks here. 55% of retail CFD accounts lose money. |
| Customer Reviews | Based on 4 customer reviews | Based on 3 customer reviews |
| Trustpilot Score | – | |
| Bonus Offer | – | Get A Free Stock Worth $50 |
| Promotions | – | |
| Comment by Reviewer | “Saxo is best for active traders and high-volume investors with an unrivalled selection of instruments alongside premium market research and fee rebates. The 190 currency pairs with tight spreads also make Saxo great for forex traders. However, multiple regulatory fines in recent years pull down its safety profile.” | “eToro's social trading platform leads the pack with a terrific user experience and active community chat that can help beginners find opportunities. There are also competitive fees on thousands of CFDs and real stocks, plus excellent rewards for experienced strategy providers.” |
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| Awards | – |
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| Instruments | Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, mutual funds, ETFs, ETNs | CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs |
| Demo Account | Yes | Yes |
| Minimum Deposit | $0 | $50 |
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| Minimum Trade | Vary by asset | $10 |
| Regulator | DFSA, MAS, FCA, FINMA, AMF, CONSOB | FCA, CySEC, MiCA, MFSA, FSRA, ASIC, FSAS, MAS, GFSC |
| Margin Trading | Yes | Yes |
| Margin Rate | 2% - 3% | 6.40% |
| STP Account | No | Yes |
| ECN Account | Yes | No |
| DMA Account | No | No |
| MAM Account | No | No |
| PAMM Account | No | No |
| LAMM Account | No | No |
| Demat Account | No | No |
| AI / Machine Learning | No | Yes |
| Robo Advisor | No | No |
| Negative Balance Protection | No | Yes |
| Market Maker | No | Yes |
| P2P Trading | No | No |
| Spot Trading | Yes | Yes |
| Mobile Apps | SaxoTraderGo (iOS, Android, Windows) | iOS & Android |
| App Review | – | eToro bring their social trading platform to your mobile, enabling you to copy trades, manage your account and invest via Android or iOS. Trade the key forex pairs from the palm of your hand. |
| Android App Rating | ||
| iOS App Rating | ||
| Auto Trading | – | Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do. |
| Copy Trading | No | Yes |
| Copy Trading Platform | – | eToro continues to deliver one of the best proprietary copy trading platforms on the market, at no additional cost for eToro clients. The web-based platform features a user-friendly and interactive layout and also comes with a community chat, making it a stand-out choice for beginners. The latest 'Live Trades' feature also offers real-time insights into the securities being bought by the platform's popular investors. |
| Social Trading | No | Yes |
| Trade Signals | Yes | Yes |
| VPS Hosting | No | No |
| Tournaments | No | No |
| Demo Competitions | No | No |
| Ethical Investing | No | Yes |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | – | $10 |
| Islamic Account | Yes | Yes |
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| CFD Trading | ||
| Overview | Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals. | You can trade CFDs on over 3,000 assets and access rich market data through the integrated TradingView charts. There are also comprehensive free learning tools available for beginners via the eToro Academy, including dedicated CFD trading courses and guides. |
| Leverage | 1:30 | 1:30 EU |
| FTSE Spread | 1.2 pts (Variable) | 1.5 |
| GBPUSD Spread | 0.7 (var) | 1.9 |
| Oil Spread | 0.03 | 0.05 |
| Stocks Spread | 0.10% (subject to min commission) | 0.57 (Apple) |
| Forex Trading | ||
| Overview | Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips. | An above-average selection of 55 currencies are available with reasonable spreads averaging 1.0 pips on EUR/USD during peak hours. Aspiring traders can continuously hone their forex strategies by switching between demo mode and their live account any time, with full access to the broker's 100+ technical indicators. |
| GBPUSD Spread | 0.7 (varies by region) | 1.9 |
| EURUSD Spread | 0.2 (varies by region) | 1.0 |
| EURGBP Spread | 0.6 (varies by region) | 1.3 |
| Assets | 40+ | 55 |
| Currency Indices | – |
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| Cryptocurrency | ||
| Overview | Trade cryptos against major fiat currencies or take a longer-term view with ETNs. | eToro leads the way in cryptocurrency trading, offering competitive spreads and a fixed 1% commission, plus their own wallet service. The broker offers a vast list of 100+ tokens which is continually being updated, including 29 new tokens in April 2025, from AI to memecoins. It also brought in crypto staking in 2025, allowing users to earn rewards for HODLing digital assets. Crypto investments are risky and may not suit retail investors. You could lose your entire investment. Understand the risks here. |
| Spread | Variable | BTC 1% |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | Yes |
| Auto Market Maker | No | No |
55% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.