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Saxo Bank vs Oanda : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Saxo Bank
Oanda
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
STP broker
Market maker
Years of Existence / Established Year
1992
1996
Customer Base / Number of Accounts
1 million+ clients
50M
Regulation & Security
Regulations (governing bodies)
FSA, FCA, MAS, JFSA, SFC, ASIC, DFSA, FINMA, MiFID
CFTC / NFA FCA MAS CIRO ASIC FSA FSC in the BVI
Awards Won (count for the last 2 years)
Best Prime-of-Prime Broker 2024, Best Trading Platform 2024, Best Forex Broker 2024, Best CFD Broker 2023 and Best DMA/Professional Trading Account 2023
Broker of the year by TradingView Awards 2023 Most popular broker 3 years in a row in TradingView Awards 2020, 2021, 2022
Security Measures
Danish Depositor and Investor Guarantee Scheme DGS upto EUR 100,000 per depositor
SIPC
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
Yes
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
over 71,000 financial instruments including Turbos
68+ major currency pairs
Currency Pairs
Yes
Yes
Commodities
Yes
Yes
Indices
No
Yes
Cryptocurrencies
Yes
Yes
CFDs
Yes
Yes
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
Yes
Futures
Yes
Yes
Bonds
Yes
Yes
Mutual Funds
Yes
No
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
No
Yes
Real Estate Investment Trusts (REITs)
No
No
Equities
No
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
Yes
MT5
No
No
cTrader
No
No
Social Trading
No
Copy Trading
Yes
Yes
Other Trading Platforms (proprietary, etc.)
Saxo investor, SaxoTrader GO, SaxoTrader PRO
Oanda Mobile and Tablet apps
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Saxo account, Joint account, Corporate account, Professional account
Standard account Corporate account Professional trading account
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
No
Yes
Minimum Deposit
$0
$0
Leverage Available
1:50-1:100
50:1
Trade Limit (maximum per trade)
Depends on the assets class
Varies by instrument
Commission (per account type)
$0
Standard - $50/M Premium - $50/M Premium Plus - $40/M
Best Suited For (e.g., beginners, experienced traders)
Beginners to experienced traders
Only experienced
Deposit & Withdrawal Options
Deposit Methods
VAN bank transfer, Bank transfer, Telegraphic transfer, Credit/ debit card
Bank Wire Transfer ACH Debit card
Withdrawal Methods
Telegraphic Transfer, MEPS
Debit card Bank Wire transfer
Other E-Wallets Supported
No
No
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Saxo Academy Trading Education, Market Analysis and Insights, Webinars, Trading Strategies and Ideas, Saxo TV Market News and Analysis
Technical Analysis Premium MetaTrader Tools MT5 comes with inbuilt signal alerts, using latest NLP technology Spreads calculators
Fees & Commissions
Trading-Related Fees
Stocks - $1, ETFs-$1, Bonds- 0.05%, Mutual funds- $0, Spread on Major forex pairs- from 0.7 to 0.9 pips
Spread starts from 0.0, commission- $30 per 1M
Spread (typical, fixed, variable)
Variable
Typical
Per Lot Fees
NA
NA
Options Contract Fees
$0.75
NA
Futures Contract Fees
$1
NA
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
1:1000
50:1
Non-Trading Fees
Dormant Fees
$0
10 units of the currency for inactivity atleast 12 months.
Subscription Fees (for premium features, data feeds)
100 EUR per ISIN
$0
Advisory Fees
NA
$0
Swap Fees (Overnight Financing)
Yes
Vary on instruments and change on a daily basis
Statement or Document Fee
NA
$0
Account Opening Fee
NA
$0
Account Maintenance Fee
NA
$0
Deposit Fee
Plus or minus 0.25%
$0
Currency Conversion Fee
$0
0.50%
Withdrawal Fee
$0 bank fees may apply
USD - First withdrawal fee in a calendar month Bank transfer / wire transfer - $20 Debit card - no feeUSD - additional withdrawals in a calendar month Bank transfer / wire transfer - fee + $15 Debit card - $15ACH - No fee
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
No
Yes
Trading Hours
Trading Hours (for each asset class if applicable)
Varies by instrument
All FX products - Sunday 17:05 - Friday 16:59 Cryptocurrency - 24/7
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/5
24x5
Customer Support Methods (phone, email, live chat)
Phone: +33 1 78 94 56 40, +44 (0)207 151 2100, +39 02 3668 2929, +31 (0)20 225 5900, +41 58 317 95 00. E-mail: [email protected], Live chat
Email: mailto:[email protected] Monday to Friday - 8:00 to 20:00 CET Poland (+48)799366830 Malta (+356)20345018 Spain (+34)910479707 France (+33)182884361 Germany (+49)6995019607
Support Languages
24+
4
Additional Information
Headquarters Location
Copenhagen, Denmark
Dashwood House 64, Old Broad Street London EC2M 1QS
Complaints (for crypto brokers)
No
No
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