eToro vs Saxo Markets, 2022 Update
Read our In-Depth eToro vs Saxo Markets Review - Updated for 2022
This eToro vs Saxo Markets review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this eToro vs Saxo Markets review does not apply to all countries as follows:
eToro Excluded Countries
Iran, Democratic Peoples Republic of Korea, Belgium, Canada, Japan, Syrian Arab Republic, Turkey, Israel, Belarus, Albania, Republic of Moldova, North Macedonia, Serbia, Guinea, Democratic Republic of the Congo, Sudan, Zimbabwe, Ethiopia, Ghana, Tanzania, Libya, Uganda, Zambia, Botswana, Rwanda, Tunisia, Somalia, Namibia, Togo, Sierra Leone, Liberia, Gambia, Djibouti, Ivory Coast, Pakistan, Brunei Darussalam, Taiwan, Province of China, Samoa, Nepal, Singapore, US Virgin Islands, Turkmenistan, Tajikistan, Uzbekistan, Sri Lanka, Trinidad and Tobago, Haiti, Myanmar, Bhutan, Marshall Islands, Maldives, Kazakhstan, Grenada, Fiji, Barbados, Bermuda, Bahamas, Antigua and Barbuda, Anguilla, Aruba, Lebanon, El Salvador, United States of America, Paraguay, Honduras, Guatemala, Puerto Rico, Nicaragua, British Virgin Islands, and Netherlands Antilles.
Saxo Markets Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare eToro vs Saxo Markets
Every online trading system has some pros and cons, and no eToro and Saxo Markets review would be complete without having a balanced approach. Compare eToro and Saxo Markets to understand how they line up against each other before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a broker and are choosing between eToro or Saxo Markets. Who should you choose?
This eToro vs Saxo Markets comparison contains the latest information so you can easily compare Saxo Markets against eToro.
If you are a new entrant in the world of trading and brokerages, so many nuances will be perplexing for you. Getting into the world of trading demands expert analyzing skills and thorough knowledge. You will get adept at all the concepts of brokerage as you keep trading. For starters, you have to select the right agent who will be clear with you always.
Within this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment program has the potential to create hefty returns. eToro and Saxo Markets are two such companies which will take you along with your investment into great heights. It's important that you compare eToro vs Saxo Markets until you trust them with your money.
Our eToro vs Saxo Markets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eToro and Saxo Markets side by side.
Our full eToro vs Saxo Markets Review covers all you will need to learn about trading using either eToro or Saxo Markets. A fantastic agent can multiply your first investments and give you positive profits. If you want to earn profits, you should trade with a broker service that contrasts with your investing objectives.
There is no sure-fire method to ensure profits; thus, you should carefully analyze your broker before you choose them. It's a common misconception that all agents will be exactly the same, but that is not correct. Wrong judgment, initially, can set your investments in danger.
eToro and Saxo Markets are both brokers that have forged their way successfully to the broker world. In this review, we have tried to collate a number of the important facets of both eToro and Saxo Markets. This review will help you to know whether either Saxo Markets or eToro is a good fit for your investments or not. We have tried to breakdown all of the qualities and fees for your convenience.
Benefits of eToro and Saxo Markets Compared
eToro has a minimum deposit of $50 while Saxo Markets offers a $6500 minimum deposit.
Why smaller minimum deposits are good and how eToro and Saxo Markets compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
eToro has around 100 financial instruments whilst Saxo Markets has around 100 available.
The more instruments you can trade on the eToro and Saxo Markets trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of eToro or Saxo Markets.
eToro and Saxo Markets Contact Details
Being able to contact an online trading platform through many ways is important. eToro and Saxo Markets have the following contact details and social medias that you can use.
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| Broker | eToro | Saxo Markets |
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| support@etoro.com | ||
| Address | 24th floor, One Canada Square, Canary Wharf, London, E14 5AB | |
| eToro Twitter Account | Saxo Markets Twitter Account | |
| eToro Facebook Page | Saxo Markets Facebook Page | |
| eToro Instagram Account | Saxo Markets Instagram Account | |
| eToro LinkedIn Page | Saxo Markets LinkedIn Page | |
| YouTube | eToro YouTube Channel | Saxo Markets YouTube Channel |
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Saxo Markets and eToro Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing eToro and Saxo Markets will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of both apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
eToro vs Saxo Markets - Awards
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| Broker | eToro | Saxo Markets |
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eToro have won a lot of industry awards over the years they have been operating as an online trading platform. We show the most notable awards for eToro here.
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At the time of writing this Saxo Markets review, and despite Saxo Markets’s impressive offering, the company has surprisingly not garnered any awards to date. |
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eToro vs Saxo Markets - Frequently Asked Questions
eToro vs Saxo Markets - Headquarters And Year Of Founding
eToro was founded in 2007 and has its headquaters in Cyprus, UK.
Saxo Markets was founded in 2012 and has its head office in Denmark.
What is the minimum deposit for Saxo Markets or eToro
The minimum deposit for eToro is $50.
The minimum deposit for Saxo Markets is $6500.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both eToro and Saxo Markets are a good option.
eToro vs Saxo Markets - Regulation And Licencing In More Detail
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
Saxo Markets is regulated by Financial Conduct Authority (FCA).
Both eToro and Saxo Markets have a powerful set of rules for ensuring honest trading onto their platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
In accordance with their individual privacy policies, client data is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare eToro vs Saxo Markets Commission And Fees
eToro and Saxo Markets are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the companies of online trading platforms are scaled better. That is, an online broker isn't necessarily influenced by the number of customers they have.
But this does not mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly 3 different types of penalties for this purpose.
The first sort of charges to keep an eye out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you are charged trading fees. In such instances, you are spending a spread, financing rate, or a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread denotes the difference between the buying and selling price. Financing or overnight rates are people who are billed when you maintain a leveraged position for more than daily.
Apart from trading fees, online brokers also bill non-trading fees. These are dependent on the activities you undertake in your account. They're billed for surgeries like depositing money, not investing for lengthy periods, or withdrawals.
Generally, neither eToro or Saxo Markets charge high fees in comparison to other online agents. For operations other agents fee for, they either do not charge a broker fee, or they charge a lesser amount. This can be beneficial for people who regularly trade, such as daily or weekly trading.
However, non-trading fees charged by eToro and Saxo Markets are comparatively greater. As a result, you're charged more for non-trading activities in your trading accounts, like deposits and withdrawal. These are not about the sale and purchase of resources.
This eToro vs Saxo Markets review for 2022 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For eToro And Saxo Markets
What Languages Do eToro And Saxo Markets Support?
Being able to communicate easily with your online platform is a key part of comparing trading platforms to find your perfect broker. Not only for support but to be sure you completely understand everything on their site and inside their app as it is a key factor to success when trading forex.
Here you can find all the languages that both eToro and Saxo Markets offer communication in.
How Many Clients Do eToro and Saxo Markets Have?
Both eToro and Saxo Markets are well established with their customer base. It is important to work with a broker that is reputable and one of the most simple ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many clients eToro and Saxo Markets have
What Payment Methods Do eToro and Saxo Markets Accept?
eToro and Saxo Markets both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at eToro and Saxo Markets
What Can You Trade With eToro and Saxo Markets?
eToro offers 100 trading instruments while Saxo Markets offers 100.
Below you will find a full breakdown of what both eToro and Saxo Markets offer.
Compare eToro To All Other Brokers
Compare Saxo Markets To All Other Brokers