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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
Trust rank #19 · Founded 1996
OANDA is a well-regarded, regulated forex broker offering broad access to major currency pairs through intuitive web and mobile trading platforms. It provides order execution, research, charting, and educational resources, with products…
Read the OANDA review
Trust rank #4 · Editorial rating 10 / 10 · Founded 1992
Saxo Bank is a well-regarded forex broker with a proprietary multi-asset trading platform, broad access to currency pairs, advanced charting, and research-driven tools. It emphasizes robust technology, risk management features, and a…
Read the Saxo Bank reviewOANDA (Canada, founded 1996) holds 13 regulatory licences (ASIC, BVI FSC, CFTC, CIRO, FCA…), 7 of them tier-1, offers MT4, Proprietary, TradingView and sits in our low-fee bracket. Saxo Bank (Denmark, founded 1992) holds 6 regulatory licences (ASIC, DFSA, FCA, FINMA, MAS…), 5 of them tier-1, offers Proprietary, TradingView and sits in our low-fee bracket. The two overlap in 33 countries; OANDA is available in 20 countries where Saxo Bank is not, and Saxo Bank in 9 where OANDA is not.
Scored on 8 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.
| Criteria | OANDA | Saxo Bank |
|---|---|---|
| Editorial rating | Not verified | 10 / 10 |
| Trust rank | #19 | #4 |
| Founded | 1996 | 1992 |
| Headquarters | Canada | Denmark |
| Regulators | ASIC, BVI FSC, CFTC, CIRO, FCA, FFAJ, JFSA, JSDA, Kanto Local Finance Bureau, KNF, MAS, MFSA, NFA | ASIC, DFSA, FCA, FINMA, MAS, SFC |
| Broker type | Market Maker | DMA, STP |
| Platforms | MT4, Proprietary, TradingView | Proprietary, TradingView |
| Instruments | Commodities, Forex, Indices, Metals | Commodities, Cryptocurrencies, Forex, Indices, Metals |
| Countries accepted | 53 countries | 42 countries |
| Fee level | Low | Low |
| Trading types | CFD Trading, Spot Trading | CFD Trading, Spot Trading |
| Best-for use cases | Professional Trading, Retail Trading | Professional Trading, Retail Trading |
Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.
Available at both (33): Australia, Austria, Belgium, Croatia, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Malaysia, Malta, Netherlands, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, Spain, Sweden, Thailand, United Arab Emirates, United Kingdom.
Only OANDA (20): American Samoa, Bulgaria, Canada, Chile, Christmas Island, Cocos (Keeling) Islands, Colombia, Cyprus, Guam, Indonesia, Macao, Mexico, Norfolk Island, Northern Mariana Islands, Philippines, Puerto Rico, Taiwan, United States of America, Vietnam, Virgin Islands (U.S.).
Only Saxo Bank (9): Faroe Islands, Greenland, Iceland, Israel, Monaco, Norway, Qatar, Saudi Arabia, Switzerland.
Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.
OANDA holds more regulatory licences: OANDA (ASIC, BVI FSC, CFTC, CIRO, FCA, FFAJ, JFSA, JSDA, Kanto Local Finance Bureau, KNF, MAS, MFSA, NFA) versus Saxo Bank (ASIC, DFSA, FCA, FINMA, MAS, SFC). Tier-1 licences: OANDA 7, Saxo Bank 5.
OANDA offers MT4, Proprietary, TradingView; Saxo Bank offers Proprietary, TradingView.
Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.
Saxo Bank is the older of the two, founded in 1992; OANDA was founded in 1996.
They overlap in 33 countries. OANDA is additionally available in 20 countries (American Samoa, Bulgaria, Canada, Chile, Christmas Island, Cocos (Keeling) Islands and 14 more) and Saxo Bank in 9 countries (Faroe Islands, Greenland, Iceland, Israel, Monaco, Norway and 3 more).
Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.