Head-to-Head Comparison
OANDA vs Saxo Bank
Complete side-by-side comparison based on verified data from official sources. See which broker offers better trading conditions for your needs.
OANDA
FCA
Est. 1996
VS
Score
3:1
Saxo Bank
FSA
Est. 1992
Quick Summary
OANDA (established 1996) and Saxo Bank (established 1992) are both regulated forex and CFD brokers. OANDA offers tighter spreads starting from 0 pips, compared to Saxo Bank's 0.4 pips. Both brokers offer similar maximum leverage of 200:1. Saxo Bank has a lower minimum deposit requirement of $2000.
Trading Conditions
Feature
OANDA
Saxo Bank
Min. Spread
0 pips
0.4 pips
Min. Deposit
$0
$2000
Max Leverage
200:1
30:1
Execution
Market Maker
Market Maker
Instruments
100+
71000+
Founded
1996
1992
Headquarters
United States
Denmark
Regulation & Licensing
OANDA
FCA(461819)
United Kingdom
NFA(0325821)
United States
MAS(CMS100231)
Singapore
ASIC(412981)
Australia
CIRO
Canada
FSC(SIBA/L/20/1130)
British Virgin Islands
Saxo Bank
FSA(1149)
Denmark
FCA(440751)
United Kingdom
ASIC(321946)
Australia
Platforms & Features
Feature
OANDA
Saxo Bank
Platforms
OANDA Trade, MetaTrader 4
SaxoTraderGO, SaxoTraderPRO
Copy Trading
VPS Hosting
Neg. Balance Protection
Islamic Account
Demo Account
Server Infrastructure
Metric
OANDA
Saxo Bank
Total Servers
2
Total Endpoints
7
Countries
4
Hosting Providers
Liquidity Connect LLC, Cloudflare, Beeks Financial Cloud
Account Types
OANDA
Standard
Spread: 0.6 pipsMin: $0Lev: 200:1
Core
Spread: 0 pipsMin: $0Lev: 200:1Comm: $5/100k
Saxo Bank
Classic
Spread: 0.6 pipsMin: $2000Lev: 30:1
Platinum
Spread: 0.4 pipsMin: $200000Lev: 30:1
Verdict: OANDA vs Saxo Bank
Based on our verified data analysis, OANDA has a slight edge in this comparison with a score of 3 vs 1.
Choose OANDA if you prioritize the tightest possible spreads. Choose Saxo Bank for a lower entry barrier.
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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.