eToro vs Saxo Bank
Head-to-head comparison of fees, platforms, regulation, and trading conditions to help you choose the right EU broker in 2026.
CFD risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs.
Quick Verdict
Saxo Bank scores higher overall at 9.0/10 vs 8.5/10.
Score Comparison
Trading Conditions
| Condition | eToro | Saxo Bank |
|---|---|---|
| Min Deposit | $50 | None |
| EUR/USD Spread | 1.0 pips | 0.6 pips (Platinum), 0.8 pips (Classic) |
| Commission | None (spread-only) | Varies by account tier |
| Leverage (Retail) | 30:1 | 30:1 |
| Leverage (Pro) | 400:1 | 200:1 |
| Swap-Free | No | No |
| Withdrawal Fee | $5 per withdrawal | Free |
Platform Comparison
eToro Platforms
- eToro Platform
- eToro App
Retail, Professional, Corporate
Saxo Bank Platforms
- SaxoTraderGO
- SaxoTraderPRO
- SaxoInvestor
Classic, Platinum, VIP
Regulation & Safety
eToro Regulation
CySEC
FCA
ASICICF up to EUR 20,000
Saxo Bank Regulation
Danish FSADanish Guarantee Fund up to EUR 100,000
Overall Verdict
Saxo Bank takes the overall win with a score of 9.0 vs 8.5, winning 7 out of 7 individual categories compared to eToro's 0.
In terms of costs, Saxo Bank also leads on fees. On the regulatory front, Saxo Bank and offers stronger regulatory protection.
Choose Saxo Bank if you prioritise its strengths in the categories where it leads. Choose eToro if you value the specific areas where it scores higher, such as its specific use case.
CFD Risk Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This website is for informational purposes only. The content does not constitute investment advice. Trading leveraged products carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. EU retail leverage limits apply (ESMA): up to 30:1 on major FX pairs, 20:1 on minor FX, 20:1 on major indices, 10:1 on commodities, 5:1 on equities, 2:1 on crypto.