Sage FX vs OANDA US
Sage FX Review 2023 | OANDA US Review 2023 |
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3
Sage FX is #7 in our CFD broker rankings. |
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4.5
OANDA US is #4 in our broker rankings. |
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SageFX is an offshore, unregulated CFD broker that offers highly leveraged trading on forex, stocks, commodities, indices and crypto via the TradeLocker platform. Traders can access commission-free trading or an ECN account with tight spreads. While the broker's regulatory status is weak, it does provide segregated accounts and two-factor authentication. |
OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is regulated by trusted agencies, including the NFA/CFTC. Around the clock support is available, alongside flexible contract sizes and automated trade executions. |
CFDs are not available to residents in the United States. | |
Bonus Offer | |
$1,500 trading competition | |
Comment by Reviewer | |
"Sage FX will suit forex traders looking for high leverage and ECN spreads. The broker's prop trading service will also appeal to users looking for funded accounts with up to $200K available." | "We recommend OANDA for US traders seeking a user-friendly platform with premium market research and a straightforward joining process. OANDA is a particularly good pick if you want a heavily regulated broker with a secure trading environment." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
Forex, indices, cryptos | Forex, Crypto |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$10 | $0 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
Pending | NFA, CFTC |
Margin Trading | |
No | Yes |
Margin Rate | |
2% | |
STP Account | |
Yes | No |
ECN Account | |
Yes | No |
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 | |
Yes | No |
Market Maker | |
No | Yes |
P2P Trading | |
No | No |
Spot Trading | |
No | Yes |
Mobile Apps | |
iOS and Android | iOS, Android + Web Trader |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
Copy Trading | |
No | No |
Social Trading | |
No | No |
Trade Signals | |
No | |
VPS Hosting | |
No | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$0 | |
Islamic Account | |
No | No |
Account Currencies | |
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Commodities | |
CFD Trading | |
Trade CFDs on forex, stocks, metals, energies, indices, cryptos and dollar futures. Sage FX offers tight spreads and high leverage on all instruments from 1:100 to 1:500. | CFD trading not offered |
Leverage | |
1:500 | 1:50 |
FTSE Spread | |
5.0 | |
GBPUSD Spread | |
0.9 | |
Oil Spread | |
0.04 | |
Stocks Spread | |
N/A | |
Forex Trading | |
Trade 7 major, 21 minor and 29 exotic forex pairs with high leverage and a choice between STP or ECN accounts. Support is available around the clock and the TradeLocker forex software is provided. | OANDA offers 68 forex pairs, more than many alternatives. The broker's in-house platform also offers impressive execution speeds and a suite of advanced charting and analysis tools. |
Forex App | |
The FxTrade app is OANDA’s proprietary forex trading application. One-click trading, historical price history and straightforward account management is available. Traders can speculate on 68 major, minor and exotic currency pairs. The forex app is available to download from the Apple App Store and Google Play. |
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GBPUSD Spread | |
0.9 | 3.4 |
EURUSD Spread | |
0.9 | 1.6 |
EURGBP Spread | |
2.5 | 1.7 |
Assets | |
57 | 65+ |
Cryptocurrency | |
Trade CFDs with leverage up to 1:100 on 23 crypto pairs with USD including popular tokens like Bitcoin and Ether and lesser-known options like OMG. On the downside, crypto-only pairs are not offered. | Speculate on the world's biggest cryptos by market cap. Commissions are lower than many peers starting at 0.25%. Clients can spot trade cryptocurrencies on Paxos's itBit exchange through the OANDA platform via OANDA’s partnership with Paxos. Users can trade digital currencies in a few taps through the iOS and Android mobile app. |
Spread | |
Floating | $100 |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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CFDs are not available to residents in the United States. | |
More Comparisons | |
Sage FX vs |
OANDA US vs |