OANDA vs Saxo Bank
Side-by-side comparison of regulation, trading costs, platforms, and account types for OANDA and Saxo Bank.
OANDATrust 9.0/10
ASIC
FCA
CFTC-NFA
IIROC
One of the most trusted forex brokers worldwide. Founded 1996, regulated by 6+ tier-1 authorities including US CFTC. No minimum deposit, transparent pricing, deep institutional liquidity.
Saxo BankTrust 9.4/10
DFSA
FCA
ASIC
MAS
Established Danish investment bank offering one of the broadest product ranges in retail trading: forex, CFDs, stocks, ETFs, bonds, futures, and options across 50+ markets. Multi-regulated under FINMA, FCA, ASIC, MAS, JFSA. Premium platform (SaxoTraderGO/PRO) suits experienced and institutional traders.
Quick verdict
- Trust: Saxo Bank has the higher trust score.
- EUR/USD spread: OANDA is tighter on EUR/USD.
Side-by-side comparison
| Feature | OANDA | Saxo Bank |
|---|---|---|
| Trust score | 9.0 | 9.4 |
| Regulators | ASIC, FCA, CFTC-NFA, IIROC, MAS, FSA-Japan | DFSA, FCA, ASIC, MAS, JFSA, FINMA |
| Headquarters | — | — |
| Founded | — | — |
| Min deposit | $0.00 | $0.00 |
| Max leverage | 1:200 | 1:200 |
| EUR/USD spread | 0.30 pips | 0.40 pips |
| Commission per lot | $0.00 | $0.00 |
| Raw spread account | ||
| Standard account | ||
| Swap-free account | ||
| cTrader | ||
| MT4 | ||
| MT5 | ||
| TradingView | ||
| Scalping allowed | ||
| EAs / algo allowed | ||
| Hedging allowed | ||
| Copy trading | ||
| Deposit methods | — | — |
| Withdrawal methods | — | — |
| Withdrawal speed | — | — |
| Base currencies | — | — |
OANDA is best for
Beginners
US traders
API/algo developers
Long-term traders
Saxo Bank is best for
Sophisticated traders
Multi-asset investors
High-net-worth clients