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Comparison eToro vs Saxo Bank
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares eToro vs Saxo Bank. Is eToro or Saxo Bank a better online broker?
First of all, we’ll compare the commission fees of the two brokers. The commission fee of eToro on regular transactions of the stock exchange is 0.09% spread per side, and Saxo Bank has a commission fee of from 0.1% commission. Now, let’s compare commission fees in Forex, the commission fee of eToro is from 3 pips, and the commission fee of Saxo Bank is from 0.4 pips. We can also analyze commission fees for trading CFD: they are from 0.09% in eToro vs from £0.85 in Saxo Bank. And for summarizing a complete picture, we should see trading in the metal market, where these brikers provide the following commissions: from 2 pips and from 0.1% commission for eToro and Saxo Bank, respectively. You can read more detailed information on commission fees in the online broker reviews.
Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are eToro provides customers with Stocks Trading, ETFs Trading, Forex Trading, Crypto Trading, and Saxo Bank provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor. Concerning the platforms, eToro uses Web Platform, Android App, iOS App, while Saxo Bank uses Desktop Platform (Windows), Desktop Platform (MacOS), Android App, iOS App.
Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. eToro was founded in 2007 in Cyprus, and it is regulated by CySEC, FCA, ASIC. And Saxo Bank was founded in 1992 in Denmark, and it is regulated by FCA, FSA, DFSA, ASIC, FSC. We can withdraw funds from eToro with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $25. And Saxo Bank provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is 0. The time for withdrawal in eToro is within 1 business day, and that one in Saxo Bank is 1-2 business days.
Overall, eToro boasts 4.4 stars versus Saxo Bank 4.1 stars.