Trading CFDs carries a high risk of losing money rapidly. Confirm this broker's current loss-rate disclosure and regulated entity before opening an account. Read the full risk disclosure.
OANDA vs Saxo Bank
A field-by-field comparison based on the current BrokaBoy catalogue. Check current pricing and the regulated entity on each broker's website before deciding.
Some figures on this page are taken from broker-published information and have not yet been checked against current terms. Confirm details on the broker's website.
Last updated: 4 October 2026 · Reviewed by BrokaBoy Research Team
| Field | OANDA | Saxo Bank |
|---|---|---|
| BrokaBoy score | 9.0/10 | 9.1/10 |
| Trustpilot rating | Trustpilot 3.5 (1,235 reviews) | Trustpilot 3.6 (8,756 reviews) |
| Listed minimum deposit | $0 | $0 |
| Advertised spread from | 0.0 pips | 0.4 pips |
| Advertised maximum leverage | 1:50 (entity dependent) | Up to 1:30 (retail, EU/UK) |
| Regulators | FCA, NFA, ASIC, MAS | ASIC, FCA, MAS, DFSA, FINMA |
| Platforms | OANDA Trade, MetaTrader 4, TradingView | SaxoTraderGO, SaxoTraderPRO, SaxoInvestor, TradingView |
| Instruments | Forex, CFDs, Indices, Commodities | Forex, Stocks, ETFs, Bonds, Futures, Options, Mutual funds, Indices, Commodities |
| Account types | Standard, Core Pricing | Classic, Platinum, VIP |
| Founded | 1996 | 1992 |
| Spread type | Spread-only Standard pricing from 0.4 pips, or Core Pricing with tighter raw spreads. | Variable market spreads, tier dependent |
| Commission | No commission on Standard; Core Pricing charges a per-million-traded commission. | Share and ETF commissions vary by exchange and tier; FX priced via spread |
| Overnight / swap | Financing calculated and applied continuously rather than in one nightly block. | Overnight financing on leveraged positions; cash balances may earn or pay interest |
| Withdrawals | No OANDA withdrawal fee on standard bank transfers; card and wire providers may charge separately. | No standard withdrawal fee to a same-name bank account; currency conversion and custody fees can apply |
Key differences
- Saxo Bank has the higher BrokaBoy score (9.1/10 vs 9.0/10).
- Both brokers hold licences with FCA, ASIC, MAS.
- Only OANDA lists OANDA Trade, MetaTrader 4 among its platforms.
- Only Saxo Bank lists SaxoTraderGO, SaxoTraderPRO, SaxoInvestor among its platforms.
- Only OANDA lists CFDs among its instruments.
- Only Saxo Bank lists Stocks, ETFs, Bonds, Futures, Options, Mutual funds among its instruments.
Which should you choose?
- Choose Saxo Bank if you want the broader platform list shown in our catalogue (4 vs 3).
- Choose OANDA if access to CFDs is essential, and confirm it is available under your entity.
- Choose Saxo Bank if access to Stocks is essential, and confirm it is available under your entity.
- Choose the broker whose regulated entity covers your country and provides the protections you need; confirm this on the regulator's register.
Frequently asked questions
Which has the lower minimum deposit, OANDA or Saxo Bank?+
Both list the same minimum deposit of $0. Confirm current terms with each broker.
Are OANDA and Saxo Bank regulated by the same authorities?+
They share FCA, ASIC, MAS. OANDA lists FCA, NFA, ASIC, MAS; Saxo Bank lists ASIC, FCA, MAS, DFSA, FINMA in our catalogue.
Which has the higher BrokaBoy score?+
Saxo Bank scores 9.1/10 against 9.0/10. The score is calculated from advertised catalogue data and excludes Trustpilot ratings.
Do OANDA and Saxo Bank support the same platforms?+
Both list TradingView. Saxo Bank lists more platforms overall.
