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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
Trust rank #8 · Founded 2007
eToro is a well‐regarded forex broker and multi‐asset platform offering broad access to currency markets via web and mobile trading. It provides social trading features, research, and education within an integrated interface…
Read the eToro review
Trust rank #4 · Editorial rating 10 / 10 · Founded 1992
Saxo Bank is a well-regarded forex broker with a proprietary multi-asset trading platform, broad access to currency pairs, advanced charting, and research-driven tools. It emphasizes robust technology, risk management features, and a…
Read the Saxo Bank revieweToro (Israel, founded 2007) holds 3 regulatory licences (ASIC, CySEC, FCA), 2 of them tier-1, offers Proprietary and sits in our low-fee bracket. Saxo Bank (Denmark, founded 1992) holds 6 regulatory licences (ASIC, DFSA, FCA, FINMA, MAS…), 5 of them tier-1, offers Proprietary, TradingView and sits in our low-fee bracket. The two overlap in 42 countries; eToro is available in 175 countries where Saxo Bank is not, and Saxo Bank in 0 where eToro is not.
Scored on 8 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.
| Criteria | eToro | Saxo Bank |
|---|---|---|
| Editorial rating | Not verified | 10 / 10 |
| Trust rank | #8 | #4 |
| Founded | 2007 | 1992 |
| Headquarters | Israel | Denmark |
| Regulators | ASIC, CySEC, FCA | ASIC, DFSA, FCA, FINMA, MAS, SFC |
| Broker type | Market Maker | DMA, STP |
| Platforms | Proprietary | Proprietary, TradingView |
| Instruments | Commodities, Cryptocurrencies, Forex, Indices, Metals | Commodities, Cryptocurrencies, Forex, Indices, Metals |
| Countries accepted | 217 countries | 42 countries |
| Fee level | Low | Low |
| Trading types | CFD Trading | CFD Trading, Spot Trading |
| Best-for use cases | Copy Trading, Professional Trading, Retail Trading | Professional Trading, Retail Trading |
Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.
Available at both (42): Australia, Austria, Belgium, Croatia, Czechia, Denmark, Estonia, Faroe Islands, Finland, France, Germany, Greece, Greenland, Hong Kong, Hungary, Iceland, Ireland, Israel, Italy, Japan, Latvia, Lithuania, Luxembourg, Malaysia, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Qatar, Romania, Saudi Arabia, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, Thailand and 2 more.
Only eToro (175): Albania, Algeria, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria and 150 more.
Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.
Saxo Bank holds more regulatory licences: eToro (ASIC, CySEC, FCA) versus Saxo Bank (ASIC, DFSA, FCA, FINMA, MAS, SFC). Tier-1 licences: eToro 2, Saxo Bank 5.
eToro offers Proprietary; Saxo Bank offers Proprietary, TradingView.
Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.
Saxo Bank is the older of the two, founded in 1992; eToro was founded in 2007.
They overlap in 42 countries. eToro is additionally available in 175 countries (Albania, Algeria, Andorra, Angola, Anguilla, Antigua and Barbuda and 169 more) and Saxo Bank in 0 countries ().
Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.