Oanda vs Saxo Bank

OANDA vs Saxo Bank Comparison Table 2022
OANDA Saxo Bank
United States Flag Traders from US accepted
United States Flag Traders from US not accepted
OANDA offers 68 forex pairs with two competitive pricing models and a substantial welcome deposit bonus A regulated bank, Saxobank offer Equities and Forex trading on 40,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms
Bonus
$5,000 welcome bonus with a deposit of $500 None
Instruments
Forex Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, bonds, ETFs
Demo Account
Yes Yes
Minimum Deposit
$0 $10000
Payment Methods
ACH Transfer, Cheque, Credit Card, JCB Card, Mastercard, Neteller, PayNow, Skrill, Swift, Visa, Wire Transfer Credit Card, JCB Card, Mastercard, Visa, Wire Transfer
Minimum Trade
$0 Vary by asset
Regulator
CFTC, NFA, MAS, IIROC, FCA, ASIC, FFAJ, BVI DFSA, MAS, FCA, SFC
Margin Trading
Yes No
MetaTrader 4
Yes No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes Yes
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
FxTrade, MT4 SaxoTraderGo (iOS, Android, Windows)
Auto Trading
EAs -
Trade Signals
- Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Social Trading
No No
Copy Trading
No No
Islamic Account
Yes Yes
Account Currencies
USD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD USD, EUR, GBP, CAD, AUD, JPY, SEK, DKK, CHF
Stock Exchanges
- London Stock Exchange, New York Stock Exchange, Shenzhen Stock Exchange
CFD
CFD trading not offered
Leverage
1:30 EU, 1:200 Global 1:30
FTSE Spread
Variable 1.2 pts (Variable)
GBPUSD Spread
0.6 (ave) 0.7 (var)
Oil Spread
Variable 0.03
Stocks Spread
Not offered 0.10% (subject to min commission)
Forex
Take positions on major, minor and exotic currency pairs with competitive trading conditions.
GBPUSD Spread
1.6 pips (var) 0.7 (varies by region)
EURUSD Spread
0.6 pips (ave) 0.2 (varies by region)
EURGBP Spread
1.3 pips (var) 0.6 (varies by region)
Assets
68 40+
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