This contrast guide aids customers that struggle to choose between OANDA and Saxo Bank to find the best online broker for their trading and financial investment needs. It evaluates the main features of the two brokers side-by-side to help individuals contrast their solution and make an informed choice.
To aid users select the right broker in between OANDA and Saxo Bank to discover the best-suited system, listed below is a checklist of broker’s benefits and drawbacks, followed by a contrast of their primary trading features, including trading systems & devices, costs, mobile trading, down payment & withdrawal, possessions, regulation, and consumer assistance.
OANDA vs. Saxo Bank: Summary

OANDA is a reputable forex and CFD broker founded in 1996. It is regulated by seven tier-one regulators. [Note: This comparison is based on OANDA Corporation (US division), regulated by the CFTC and NFA. OANDA has multiple divisions with different regulatory bodies and conditions. Please refer to OANDA’s official resources for division-specific details at OANDA Divisions.] Their users have access to approximately 76 tradable instruments, including 68 forex pairs and 8 cryptos via Paxos. [Note: Instrument availability may vary by division.] Traders can choose between a proprietary platform (web and desktop version), MT4. Their trading platform has an intuitive design, offers automated trade execution, and multiple features for algorithmic trading. Market research features are powered by TradingView.
OANDA’s trading fees are above average compared to similar forex and CFD brokers like AvaTrade and Pepperstone. They charge an average spread of approximately 1.4 pips on EUR/USD for their standard account in OANDA Corporation (US division). [Note: Spreads may vary depending on market conditions, division, and account type, including different spreads for standard and premium accounts like Core Spread accounts.]
OANDA’s customer service in OANDA Corporation (US division) is available by email, live chat (chatbot), and phone, with initial filtering by a chatbot before connecting to an agent. [Note: Customer service availability and processes may vary by division.]
Saxo Bank is a reputable global brand known for its complete overall offer and exclusive conditions for high volume traders and investors. Users can enjoy cutting edge trading technology paired with a premium interface and great trade execution on mobile and desktop. The Saxo Bank trading platform offers a feature rich trading experience, easy to use interface, competitive margin rates, and trading on over 40,000 financial instruments. This makes them an industry leader in trading assets coverage as an ECN broker.
If you can afford the minimum deposit of $10.000, this is the go to broker for traders and investors at all levels. They combine high-quality in-house research with top-tier third-party providers and a diverse portfolio of investment options.
Investors who are looking to trade in accordance with Sharia Law can open an islamic account. Saxo Bank also offers high quality customer service in Arabic and English language via phone, email or in person at their local office with guaranteed satisfying answers.
Pros
- Regulated by six top-tier authorities globally, ensuring high compliance standards.
- Offers 68 forex pairs and 8 cryptos in OANDA Corporation (US division).
- No minimum deposit required, accessible for all traders.
- Provides robust research tools with daily market updates.
- Supports automated trading via APIs and MetaTrader 4.
[Note: Offerings and benefits may vary by division.]
Cons
- Standard account spreads (e.g., 1.4 pips EUR/USD) are above industry average.
- Customer service response times can be slower than expected.
- Limited product range beyond forex and cryptos in OANDA Corporation (US division).
- Withdrawal fees apply for bank transfers (e.g., $20 in US division).
- No MetaTrader 5 access in OANDA Corporation (US division).
[Note: Drawbacks may vary by division.]
Pros
- Industry leading market coverage
- Excellent Trading Features with SaxoTraderGo
- Advanced order type and account protection features
- Intuitive and easy to use mobile trading app
- Great education and research materials
- Competitive fee structure for active traders
Cons
- $10,000 minimum deposit for UAE users
- High time investment to set up
- Only for advanced traders
Key features
- OANDA Trade platform with TradingView charts for advanced analysis.
- Mobile app supports trading with real-time data and alerts.
- Educational resources include webinars, tutorials, and articles.
- Negative balance protection offered in certain divisions (e.g., EU).
- Core Pricing accounts (minimum $10,000) offer lower spreads with commission.
[Note: Features and availability differ by region.]
Key features
- 40.000 tradable symbols available (crypto derivatives, forex options and futures)
- Advanced account protection and order types
- Fast execution of trades
- $2.000 minimum deposit
- “Best in class” educational resources
- Great ease of use level combined with advanced features
OANDA vs. Saxo Bank Comparison
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OANDA

Saxo Bank
69% of retail investor accounts lose money when trading CFDs with this provider.
BROKER COMPARISON


Trading Platform & Tools
Automated Trading | ||
Charting Tools | ||
Conditional Orders | ||
cTrader | ||
Demo Account | ||
Desktop Platform | ||
Max Leverage | 1:50 | 1:20 |
MetaTrader 4 (MT4) | ||
MetaTrader 5 (MT5) | ||
Mobile Version | ||
Mutual Fund Management | ||
Proprietary Platform | ||
Social/Copy Trading | ||
Trading Alerts | ||
Trading signals | ||
Watchlist | ||
Web Version |
Fees
Withdrawal Fee | $20 + Fee | 0 |
Deposit Fee | 0 | 0 |
Inactivity Fee | $10 a month after 12 months | |
Cost Per Trade | 0 | 0 |
Cost Per Month | 0 | 0 |
Forex (EUR/USD) | 1.3 | 1 |
Stocks & ETF | 0 | 0.08% with $1 min. commission on US stocks |
CFD (Gold) | 31 | $0.60 |
Crypto | 0 | 0 |
Options | 0 | $0.75 |
Conversion Fees | 0 | 0,75% |
Misc. Fees | 0 | 0 |
Overnight Fees |
Deposit & Withdrawal
Minimum deposit (in UAE) | $0 | $5000 |
Bank Wire | ||
Credit/Debit Card | ||
Cash | ||
Check | ||
Islamic Account Transfer | ||
E-payments | ||
Paypal | ||
Skrill | ||
Neteller |
Assets
Shares | 0 | 30.000 |
ETF & Funds | 0 | 5.800 |
Crypto | 9 | |
Commodities | 0 | 0 |
Indices | 0 | 0 |
Options | 0 | 3.000 |
Futures | 0 | 300 |
Bonds | 0 | 4.200 |
Forex Instruments | 68 | 200 |
CFD Indices & Funds | 12 | 50 |
CFD Stocks | 0 | 19.000 |
CFD Commodities | 35 | 50 |
CFD Crypto | 0 | 0 |
CFD Bonds | 3 | 0 |
Binary Options | 0 | 0 |
SWAPS | 0 | 0 |
Saving Plans | 0 | 0 |
Research & Education
Webinars | ||
Educational Resources | ||
Daily News Updates | ||
Market Indepth Analysis | ||
Pers. Training & Room | ||
Market Research |
Customer Support
Phone | ||
Live Chat | ||
24/7 support | ||
Multilingual | ||
Personal Account Manager |
Winner
OANDA vs. Saxo Bank Comparison Conclusion
The outcomes of our contrast of OANDA vs. Saxo Bank are wrapped up in the table below.
Broker: | Best For: |
OANDA | Forex and CFDs |
Saxo Bank | Premium Trades and CFD Trading |
Picking the appropriate choice in between OANDA and Saxo Bank can be hard. Both online brokers have similarities but differ concerning trading tools, platforms & apps, law, deposit & withdrawals, and study and education. Selecting the very best broker depends on individuals’ trading & investment goals, individual preferences, and experience degree.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.