Saxo Bank and Oanda are leading online brokers with impressive trading experiences. Saxo Bank is a premium online broker with professional platforms and tools. It has a transparent fee policy and reliable trading tools. Saxo Bank has licenses from FINMA, MAS, ASIC, SFC, FSA, and FCA. It is an excellent choice for active traders of all levels of experience.
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69% of retail investor accounts lose money when trading CFDs with this provider.
74-89% of retail CFD accounts lose money
Trading Platform & Tools
|MetaTrader 4 (MT4)|
|MetaTrader 5 (MT5)|
|Mutual Fund Management|
|Withdrawal Fee||0||$20 + Fee|
|Inactivity Fee||$100 / 6months||$10 a month after 12 months|
|Cost Per Trade||0||0|
|Cost Per Month||0||0|
|Stocks & ETF||$1||0|
Deposit & Withdrawal
|Minimum deposit (in UAE)||$2000||0|
|Islamic Account Transfer|
|ETF & Funds||5.800||0|
|CFD Indices & Funds||50||12|
|Tier 1 License|
|Tier 2 License|
|Tier 3 License|
Research & Education
|Daily News Updates|
|Market Indepth Analysis|
|Pers. Training & Room|
|Personal Account Manager|
Oanda is a leading U.S. forex broker with user-friendly platforms and tools. It has top-tier licenses from the CFTC and FCA. We recommend it for beginner investors, as it has straightforward trading platforms.
This article discusses the strengths and weaknesses of Saxo Bank and Oanda.
Top findings from the Saxo Bank vs. Oanda review:
- Saxo Bank has premium online trading services with professional platforms and social trading tools.
- Oanda is a leading U.S. forex broker with reliable research tools and a learning center.
- Both brokers offer an active trader discount and a virtual trading account.
We recommend Saxo Bank for experienced traders as it has leading social trading tools and services. Oanda is a top choice for both beginner and experienced traders because of its powerful educational and research tools.
Level of experience
Saxo Bank is a top choice for professional traders. It offers premium platforms, tools, and trading videos. Saxo Bank has some educational tools, including webinars, training videos, and forex education.
Oanda offers an easy-to-use trading platform with excellent research tools. It is a top choice for new traders as it offers a smooth trading experience. Oanda has a dedicated learning center with many useful tools.
Saxo Bank has an initial deposit of US$10,000, while Oanda does not charge a fee for creating a new account. The average EUR/USD spread at Saxo Bank is 0.8, while at Oanda is 1.4. Both brokers offer an active trader discount.
Saxo Bank offers 170 forex currency pairs, while Oanda has 70 available pairs. Saxo Bank has 9000 CFDs, while Oanda has 55 available CFDs.
Saxo Bank has an outstanding portfolio with professional desktop, web, and mobile platforms. It provides a demo account, reliable research, and educational materials. Saxo Bank is popular as it offers impressive social trading services and access to MT4. We recommend it for active traders of all levels of experience.
Oanda offers beginner-friendly trading platforms and tools. It has many technical indicators and a useful API. Oanda is a good fit for new traders, as it provides access to an excellent learning center.
Banking services represent important benefits for a good trading experience. Saxo Bank is a registered bank and provides extensive banking services to its clients. It offers bank wire and credit/debit cards as funding and withdrawal options. Oanda does not offer banking services. Funding options at Oanda include bank wire, credit/debit, and PayPal.
Saxo Bank and Oanda are leading online brokers. Both have advantages and disadvantages depending on your trading experience and preferences. Professional traders choose Saxo Bank, as it has impressive premium services. We recommend Oanda for traders of all levels of experience as it has user-friendly platforms and learning tools.
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