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Compare Oanda vs Saxo Bank


Online brokers compared for fees, trading platforms, safety and more. See how Oanda stacks up against Saxo Bank!

Oanda vs Saxo Bank
overall rating
4.2 / 5.0
4.7 / 5.0
overall pros
  • Easy-to-use web trading platform
  • Easy and digital account opening
  • Powerful research tools
  • Outstanding research
  • Great trading platform
  • Broad product portfolio
overall cons
  • Only FX, and some CFDs
  • Poor customer service
  • Pricey withdrawal
  • High forex, bond, options, and futures fees
  • Slow account opening
  • Missing live chat
fees
3 stars
  • Low trading fees
  • Withdrawal fee
  • High financing rate
  • Financing rate calculation is non-transparent
3 stars
  • No withdrawal fee
  • Transparent fee structure
  • Lower fees for Platinum and VIP clients
  • Inactivity fee
  • High financing rate
  • High forex, bond, options and futures fees
account opening
4 stars
  • Fast account opening
  • Fully digital account opening
  • No minimum account balance
  • Sales team pushy
  • It can take up to 3 business days
3 stars
  • Fast account opening
  • Fully digital account opening
  • Available for residents of almost every country
  • Minimum account balance is higher than $500
  • Sales team pushy
  • Classic accounts available only in a single currency
deposit and withdrawal
4 stars
  • Several account base currencies
  • User-friendly
  • First withdrawal is free for credit/debit cards and electronic wallets
  • High withdrawal fee
  • Slow funding and withdrawal - over 3 days
5 stars
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card withdrawal not available
web trading platform
5 stars
  • User-friendly
  • Good search function
  • Good customizability (for charts, workspace)
  • No price alerts
5 stars
  • User-friendly
  • Good search function
  • Looks nice
  • No two-step (safe) login
  • Limited customizability (for charts, workspace)
mobile trading platform
4 stars
  • Two-step (safe) login
  • Price alerts
  • Does not look nice
5 stars
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safe) login
desktop trading platform
3 stars
  • User-friendly
  • Good customizability (for charts, workspace)
  • Two-step (safe) login
  • Not user-friendly
  • Poor search function
5 stars
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good search function
  • No two-step (safe) login
markets and products
1 stars
  • Forex
  • CFD
4 stars
  • Stock
  • ETF
  • Forex
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
research
4 stars
  • Good interactive chart
  • Good set of analytical tools
  • Great API offer
  • No analyst recommendations for stocks, bonds, etc.
  • No fundamental data available
  • Research tool are not at one place
5 stars
  • Analyst recommendations for stocks, bonds, etc.
  • User-friendly
  • Good set of analytical tools
  • Most fundamental data is not free of charge
customer service
3 stars
  • Live chat
  • Available from Sunday to Friday
  • Slow support
  • Irrelevant answers
3 stars
  • Available in local languages
  • Relevant telephone support
  • Fast email support
  • No live chat
  • No 24/7 availability
education
4 stars
  • Demo account
  • Trading platform tutorial videos
  • Educational videos
  • Videos can be better organized
5 stars
  • Demo account
  • Trading platform tutorial videos
  • Educational videos
  • Good production quality
  • Regulated by top tier financial authority
  • High level of investor protection
  • Negative balance protection
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Regulated by top tier financial authority
  • Banking background
  • Negative balance protection
  • Not listed on stock exchange
recommended for Forex traders that prefer a user-friendly platform and great research tools Investors and traders looking for a great trading platform and solid research