Scores, winners and data below compare these brokers as CFD/FX brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.
eToro
Regulated in your country eToro is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Saxo
Regulated in your country Saxo operates in Australia through Totality Wealth, which is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Best for
What we compare A comparison of the kinds of traders eToro and Saxo are best suited to, based on what each one actually offers in Australia.Saxo is better than eToro for day traders, professional traders and scalpers. Both are a good fit for long-term investors, high-volume traders and swing traders.
| Overall score | eToro 81 -3 83 -1 | Saxo 84 84 |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise eToro and the ones that supervise Saxo.eToro and Saxo are both regulated in Australia, by ASIC.
| Section score | eToro 100 100 | Saxo 100 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | ||
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that eToro and Saxo have in place to protect your money in Australia.eToro and Saxo both offer segregated client funds and two-factor authentication. eToro also offers additional money insurance.
| Section score | eToro 81 Best 81 Best | Saxo 66 -15 66 -15 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2007 | 1992 |
| Parent company i | eToro Group Ltd | DMA Pty Ltd |
| CEO i | Yoni Assia | Kim Fournais |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | Australian Settlements Limited | Citi Bank, HSBC Bank Australia, NAB |
| Brand power | ||
| Number of customers worldwide i | 4,280,000 | 1,200,000 |
| Annual revenue i | US$1,340,000,000 | US$727,595,340 |
| Monthly website search traffic i | 13.2M monthly visits | 1.7M monthly visits |
Costs
What we compare A comparison of what it costs to trade with eToro and with Saxo in Australia, both on each trade and on holding the account.Saxo is better than eToro for CFD/FX costs, given that Saxo is cheaper on EUR/USD, at US$7 per lot (against eToro's US$11.2), has tighter S&P 500 CFD spreads, at 0.4 points (against eToro's 1.08 points), and has tighter gold CFD spreads, at 0.13 points (against eToro's 0.88 points). Neither eToro nor Saxo charges inactivity fees or account maintenance fees.
eToro is better than Saxo for real stock costs, since eToro does not charge ETF fees (against Saxo's US$2), and does not charge real-time market data fees, unlike Saxo. Neither eToro nor Saxo charges inactivity fees or account maintenance fees.
| Section score | eToro 55 -26 76 Best | Saxo 81 Best 68 -8 |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | Free | |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | US$11.2 | US$7 |
| S&P 500 fees (CFD) i | 1.08 points | 0.4 points |
| Gold fees (CFD) i | 0.88 points | 0.13 points |
| Bitcoin fees (CFD) i | US$1,585.8 | US$308 |
| US stocks fees (CFD) i | US$0.08 | |
| Fees on stocks | ||
| Stock fee type i | Commission | Commission, Percentage |
| US stocks fees (real) i | US$4 | US$2 |
| ETF fees (real) i | Free | US$2 |
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | US$3 | |
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | US$2 | |
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with eToro and with Saxo in Australia, and of how many instruments each one gives access to.Saxo is better than eToro for CFD/FX markets, as Saxo gives access to 47,000 tradable symbols (against eToro's 7,000), lets you own bonds and funds outright, which eToro does not, and offers futures on commodities, forex and indices, which eToro does not. Both eToro and Saxo offer CFDs on commodities, crypto, forex, indices and stocks, and let you own ETFs and stocks outright.
Saxo is better than eToro for real stock markets, given that Saxo lets you own bonds and funds outright, which eToro does not, gives access to 47,000 tradable symbols (against eToro's 7,000), and offers futures on commodities, forex and indices, which eToro does not. Both eToro and Saxo let you own ETFs and stocks outright, and offer CFDs on commodities, crypto, forex, indices and stocks.
| Section score | eToro 85 -15 55 -45 | Saxo 100 Best 100 Best |
|---|---|---|
| Total tradable symbols i | 7,000 | 47,000 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, ETF, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | Commodities, Forex, Indices | |
| Options i | Commodities, Forex, Indices | |
| Assets you can own i | Crypto, ETF, Stocks | Bonds, ETF, Funds, Stocks |
Platform
What we compare A comparison of the trading platforms that eToro and Saxo make available to their clients in Australia.eToro is better than Saxo for platforms, since eToro offers social trading and copy trading, which Saxo does not. eToro and Saxo both offer a proprietary platform and one-click trading.
| Section score | eToro 84 Best 84 Best | Saxo 75 -9 75 -9 |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of eToro and Saxo in Australia, and of what each one lets you do from your phone.eToro and Saxo are equally good for mobile trading, as eToro offers a social trading app and a copy trading app while Saxo offers mobile trading signals. eToro and Saxo both offer a proprietary mobile app and mobile price alerts.
| Section score | eToro 87 87 | Saxo 87 87 |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that eToro and Saxo allow on their platforms in Australia.Saxo is better than eToro for CFD/FX trading features, since Saxo offers tier-1 liquidity providers and VPS hosting, which eToro does not, and allows for scalping. Both eToro and Saxo offer negative balance protection and trailing stops.
eToro and Saxo are equally good for real stock trading features, since eToro offers fractional shares. On the other hand, Saxo has no minimum trade size on stocks (against eToro's US$10), and offers tier-1 liquidity providers. Both eToro and Saxo offer trailing stops and API access.
| Section score | eToro 68 -17 85 | Saxo 85 Best 85 |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | Hybrid |
| Average execution time i | 12 ms | |
| Slippage occurrence i | 20.7% | |
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1 | 30:1 |
| Minor/Exotic FX pairs leverage i | 20:1 | 20:1 |
| Major indices leverage i | 20:1 | 20:1 |
| Minor indices leverage i | 10:1 | 10:1 |
| Gold leverage i | 20:1 | 20:1 |
| Commodities leverage i | 10:1 | 10:1 |
| Equities leverage i | 5:1 | 5:1 |
| Cryptocurrency leverage i | 2:1 | 2:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | US$10 | US$0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at eToro and at Saxo in Australia, and of who each one is meant for.eToro is better than Saxo for CFD/FX account types, as eToro offers a copy trading account and an unlimited demo account, which Saxo does not. Both eToro and Saxo offer a demo account and a corporate account.
eToro and Saxo are equally good for real stock account types, as eToro offers a copy trading account and an unlimited demo account while Saxo offers a margin investing account and a savings account. eToro and Saxo both offer a stock investing account and a demo account.
| Section score | eToro 45 Best 76 -2 | Saxo 42 -3 78 |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with eToro and with Saxo in Australia.Saxo is better than eToro for account opening, because Saxo does not require a minimum deposit (against eToro's US$50), offers 11 account base currencies (against eToro's 2), and has no minimum withdrawal (against eToro's US$30). Both eToro and Saxo offer credit cards and debit cards.
| Section score | eToro 69 -11 69 -11 | Saxo 80 Best 80 Best |
|---|---|---|
| Minimum deposit i | US$50 | US$0 |
| Minimum withdrawal i | US$30 | US$0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPal, Neteller, Skrill | |
| Local payment methods i | ||
| Account base currencies i | USD, AUD | AUD, CAD, CHF, CNH, EUR, GBP, HKD, JPY, NZD, SGD, USD |
| Deposit waiting time i | Instant | up to 2 business days |
| Withdrawal waiting time i | up to 7 business days | up to 5 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of eToro and Saxo in Australia, in how it can be reached and how fast it answers.eToro and Saxo are equally good for customer care, since eToro offers live chat and call-back requests. On the other hand, Saxo has a website in 12 languages (against eToro's 7). Both eToro and Saxo offer a dedicated account manager and phone support.
| Section score | eToro 78 78 | Saxo 78 78 |
|---|---|---|
| Number of languages supported i | 7 | 12 |
| Website languages i | Arabic, German, English, French, Italian, Spanish, Chinese | Arabic, Danish, English, French, Hungarian, Italian, Dutch, Norwegian, Polish, Russian, Slovenian, Chinese |
| Website available in English i | ||
| Customer support languages i | English | English |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that eToro and Saxo provide to their clients in Australia.Saxo is better than eToro for learning, since Saxo offers a glossary, which eToro does not. Both eToro and Saxo offer education for advanced traders and webinars.
| Section score | eToro 96 -4 96 -4 | Saxo 100 Best 100 Best |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
eToro vs Saxo: which one should you choose?
eToro
CFD/FX Choose eToro if you want an online CFD broker for copy and social trading.
Stocks Choose eToro if you want a broker for securities investing with crypto to own.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Saxo
CFD/FX Choose Saxo if you want a CFD/forex broker with low trading costs, no minimum deposit and a wide choice of markets.
Stocks Choose Saxo if you want a share dealing service with no minimum deposit, options and futures.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.Other popular comparisons
Below are other head-to-head comparisons that include eToro or Saxo, each scored with the same data and method as this page.
