Saxo Bank Vs. Oanda - Compare and Choose the Right One


Visit 65% of retail CFD accounts lose money.	Visit 74-89% of retail CFD accounts lose money.
Overview
Saxo Bank is a Danish investment bank operating since 1992. It is one of the most regulated brokerages in the world with an exceptional selection of financial instruments.	Oanda is an international Forex broker founded in 1996 with headquarters in the United States. Oanda specialises exclusively in currency trading solutions for all trader levels. Their greatest selling points are their strong regulatory framework and robust proprietary platforms.
Best For
Professional investors looking to trade a variety of markets High net worth traders or investors	Forex traders of all levels (from beginner to advanced)
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 7 Other Licenses 0 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 7 Other Licenses 1 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
ASIC (Australia) HKMA (Hong Kong) ADGM (United Arab Emirates) FINMA (Switzerland) MAS (Singapore) FFAJ (Japan) AFM (Netherlands)	CFTC (U.S) NFA (U.S) ASIC (Australia) FCA (UK) MAS (Singapore) IIROC (Canada) FFAJ (Japan) BVI (British Virgin Islands)
The Good
Exceptional selection of financial instruments at one place 2 highly-customizable proprietary trading platforms API integration for 3rd party services like Excel or TradingView	High trustworthiness, regulated by the best regulators in the world Fast, simple and professional trading platforms Competitive spreads in their currency pairs
The Bad
High minimum deposit for certain countries Withdrawals via bank transfer only High fees on options and futures	Extremely limited offering of assets (104) No ability to purchase real stocks or cryptocurrencies, only CFDs
Status
Operational	Operational
Recent News
N/A	N/A
Key Data
⌛ Account Opening Time
4 Days	1 day minimum (may take longer)
📋 Documents Required
Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.	Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name. *There is no document verification needed for gross account deposits below US$9,000.
📍 Year Founded
1992	1996
💳 Minimum Deposit
From 500 € to 2,000 € depending on residence	$, €, £, - 0.
💰 Payment Methods
Visa Mastercard Bank Transfer	Visa Mastercard Bank Transfer Paypal
💵 Account Base Currencies
26 - AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, LTL, MXN, MYR, NOK, NZD, PLN, RON, RUB, SEK, SGD, TRY, USD, ZAR	9 - USD, EUR, GBP, SGD, CHF, JPY, AUD, CAD, HKD.
🗽 Available to U.S Citizens
No	Yes
❌ Restricted Countries
US,BR,ES,IN,KE,MX,NG,PK,ZA	AF, AL, BS, BB, BW, BF, BI, KH, KY, CF, TD, CD, CG, CU, ER, ET, GH, IR, IQ, JM, KP, LY, MU, MN, MA, MM, NI, NG, PK, PS, PA, SN, SL, SO, SS, SD, SY, TT, TN, UG, VU, YE, ZW.
📊 STP Account
Yes	No
📊 DMA Account
Yes	No
📊 ECN Account
Yes	Yes
Assets
📚 Available Assets
Real stocks, ETFs, bonds and options. CFDs on currencies, commodities, stocks, indices, ETFs, cryptocurrencies and bonds.	CFDs on currencies, commodities, cryptocurrencies, indices and bonds.
📙 Stocks
30,000+	N/A
📘 Currency Pairs
182	68
📗 Commodities
19 (CFDs)	13
📕 Indices
29 (CFDs)	16
📔 ETFs
5,400+	N/A
💸 Cryptocurrencies
9	4
📒 Bonds
5,000+	6
📓 Options
3,000+	N/A
📗 Futures
300+	N/A
📝 Notes:
N/A	All Oanda's assets are CFDs. In the case of commodities, they only have 13, but each commodity has various trading pairs against several different currencies, eg: GOLD/EUR, GOLD/CHF, etc.
Trading Experience
📈 Minimum Stock Trade Size
N/A	N/A
📉 Minimum ETFs Trade Size
N/A	N/A
📈 Minimum Crypto Trade Size
Varies by Cryptocurrency (eg: 0.01 units of BTC)	Varies by crypto (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
$1,000 (0.01 lots)	1 unit of any currency pair (Eg: 1 Euro, 1 Usd, 1 GBP, etc)
📈 Minimum Commodities Trade Size
N/A	Varies by Commodity (Eg: 1 Troy ounce of Gold)
📉 Minimum Bonds Trade Size
N/A	1 unit of any Bond contract
📈 Minimum Futures Trade Size
N/A	N/A
📉 Minimum Options Trade Size
N/A	N/A
💪 Retail Leverage
Up to 1:30	Up to 1:30
💪 Professional Leverage
Up to 1:66	Up to 1:100
✍ Customisable Leverage
No	Yes
🎲 Deleveraged Trading
Yes	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
No	Yes
📺 MetaTrader 5
No	Yes
💻 Web trader
Yes	Yes
💻 TradingView Platform
Yes (through API)	Yes
💻 Proprietary Platform
Yes	Yes
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	No
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	Yes
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
Up to $150 after 6 months of inactivity, £25 after one quarter in the UK	Yes, $10 after 1 year of inactivity
💰 Deposit Fees
No	No
💰 Withdrawal Fees
No	Credit and Debit cards are free, when it comes to Bank transfer depends on the account's base currency (eg: the first withdrawal costs $, €, £ 20 and any subsequent ones 35). In the case of SGD, there are no fees.
💰 Commissions
$0.02/share (min $10) for US Stocks, from 0.10% (min €10) for other equity markets, €4 per futures contract	No, but they do charge currency conversion fees. If your account base currency is GBP and you trade the EUR/USD pair, you'll be paying a conversion fee.
Spreads
📈 EUR/USD
0.8 Pips average - 0.4 for VIPs	Dynamic - From 0.8 Pips
📉 SP500
N/A	Dynamic - From 30 Pips
📈 GOLD
N/A	Dynamic - From 26 Pips
📉 TSLA (Stock CFD)
N/A	N/A
📈 XLK (ETF - CFD)
N/A	N/A
📉 BTC
N/A	Dynamic - From $100
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
Yes	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	Yes
📡 Reuters Feed
No	No