OANDA vs Saxo
By Akash · Facts re-checked (UTC)
Here is how OANDA and Saxo compare on regulation, costs and platforms. See the table for regulators, costs and platforms.
| OANDA | Saxo | |
|---|---|---|
| Regulators | FCA | Danish FSA, FCA |
| Minimum deposit | No minimum deposit (OANDA Europe Limited, UK) | No minimum deposit (individual account) |
| Spreads from | 0.6 pips EUR/USD (UK) | 1 pip EUR/USD minimum (global page; varies by country) |
| Commission | – | USD 3 fixed commission on FX trades under 50,000 units |
| Platforms | OANDA web, OANDA mobile, MetaTrader 4, MetaTrader 5, TradingView | SaxoTraderGO, SaxoTraderPRO, SaxoInvestor, TradingView |
| Retail accounts losing money | 76.6% | 66% |
Full reviews: OANDA review · Saxo review
Frequently asked questions
What is the minimum deposit at OANDA and Saxo?
OANDA: No minimum deposit (OANDA Europe Limited, UK). Saxo: No minimum deposit (individual account).
Are OANDA and Saxo regulated?
OANDA: FCA. Saxo: Danish FSA, FCA.
Which has tighter spreads, OANDA or Saxo?
Published spreads start from 0.6 pips EUR/USD (UK) at OANDA and 1 pip EUR/USD minimum (global page; varies by country) at Saxo; commission: OANDA none listed, Saxo USD 3 fixed commission on FX trades under 50,000 units.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to take the high risk of losing your money. Read more