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eToro vs Saxo: fees, markets and protection

Facts for both companies from their official pages; each was checked on the date shown in its review.

Facts verified on October 18, 2026

Key differences

Only eToro lists Saudi Exchange (Tadawul), Dubai Financial Market (DFM), and Abu Dhabi Securities Exchange (ADX).
Only Saxo lists Johannesburg Stock Exchange (JSE).
Only eToro is licensed by CySEC, FSRA (ADGM), ASIC, FSA, and SEC.
Only Saxo is licensed by Danish FSA, CBUAE, FINMA, Kanto LFB, and CONSOB.
Only eToro supports Visa / Mastercard, PayPal, Neteller, and Skrill for deposits and withdrawals.

Criterion	eToro	Saxo
Rating	4.0/5 on other platforms 175K ratings	4.2/5 on other platforms 9.9K ratings
Regulators	CySEC, FCA, FSRA (ADGM), ASIC, FSA, MAS, SEC	Danish FSA, CBUAE, FCA, MAS, FINMA, Kanto LFB, CONSOB
Markets	US exchanges (NYSE, Nasdaq), London Stock Exchange, Euronext, Xetra (Deutsche Börse), SIX Swiss Exchange +5	US exchanges (NYSE, Nasdaq), Toronto Stock Exchange, London Stock Exchange, Xetra (Deutsche Börse), Euronext +3
Products	stocks, ETFs, fractional shares	stocks, ETFs, bonds, options, funds
US stock or ETF order	$1 per order	0.08% of the order, minimum $1
Investor protection	FSCS, Cyprus Investor Compensation Fund (ICF), SIPC	Danish Guarantee Fund (cash deposits), Danish Guarantee Fund (securities not returned)
Deposits and withdrawals	Visa / Mastercard, Bank transfer, PayPal, Neteller +1	Bank transfer, Visa / Mastercard
Founded	2007	1992
Minimum deposit	—	No minimum
Currency conversion fee	—	0.25%
Available only in	—	Australia, Austria, Belgium, Croatia, Czechia, Denmark +36
Headquarters	—	Denmark
	Read review	Read review

Which regulators license eToro and Saxo?

eToro is licensed by CySEC, FCA, FSRA (ADGM), ASIC, FSA, MAS, and SEC; Saxo by Danish FSA, CBUAE, FCA, MAS, FINMA, Kanto LFB, and CONSOB.