OANDA vs Saxo for gold trading
Across the 22 countries we cover, OANDA scores higher in 20 and Saxo in 2. The winner depends on where you live, because each broker opens your account with a different company in each country.
Score by country
| If you live in | OANDA | Saxo |
|---|---|---|
| Other countries | 40 · FSC | Not accepted |
| United States | 70 · CFTC | Not accepted |
| United Kingdom | 85 · FCA | 76 · FCA |
| EU / EEA | 40 · FSC | 76 · Danish FSA |
| Australia | 79 · ASIC | 70 · ASIC |
| Canada | 76 · CIRO | Not accepted |
| Singapore | 70 · MAS | 61 · MAS |
| Malaysia | 40 · FSC | Not accepted |
| Indonesia | 40 · FSC | Not accepted |
| Thailand | 40 · FSC | Not accepted |
| Vietnam | 40 · FSC | Not accepted |
| Philippines | 40 · FSC | Not accepted |
| India | 40 · FSC | Not accepted |
| Japan | 70 · JFSA | 61 · JFSA |
| Hong Kong | 40 · FSC | 61 · SFC |
| UAE | 40 · FSC | Not accepted |
| South Africa | 40 · FSC | Not accepted |
| Kenya | 40 · FSC | Not accepted |
| Nigeria | 40 · FSC | Not accepted |
| South Korea | 40 · FSC | Not accepted |
| Turkey | 40 · FSC | Not accepted |
| Mongolia | 40 · FSC | Not accepted |
| Brazil | 40 · FSC | Not accepted |
Side by side
| Founded | 1996 | 1992 |
|---|---|---|
| Headquarters | New York, US | Copenhagen, Denmark |
| Listed parent | No | No |
| Regulators | CFTC, FCA, ASIC, MAS, CIRO, JFSA, FSC | Danish FSA, FCA, MAS, ASIC, SFC, FINMA, JFSA |
| Platforms | MT4, MT5, TradingView, Own | TradingView, Own |
| Minimum gold order | 0.01 | 0.01 |
| Swap-free account | No | No |
| Protection you actually get | 30 | Not measured yet |
| Gold trading cost | Not measured yet | Not measured yet |
| Execution under stress | Not measured yet | Not measured yet |
| Money in and out | Not measured yet | Not measured yet |
| Platforms and gold conditions | 75 | Not measured yet |
Choose OANDA if…
- Retail clients can be served by Tier 1 regulated companies (CFTC, FCA, ASIC, MAS, CIRO, JFSA).
- In 6 of the 22 countries we cover, your account would sit with a Tier 1–2 regulated company.
- Offers both MT4 and MT5.
- Can be traded directly from TradingView charts.
Watch out for
- Licence details come from the broker’s own pages; our register check is not finished.
- Clients outside its licensed countries are onboarded to OANDA Global Markets Ltd (FSC), a light offshore regulator.
- No swap-free account.
Choose Saxo if…
- Retail clients can be served by Tier 1 regulated companies (Danish FSA, FCA, MAS, ASIC, SFC, FINMA, JFSA).
- In 6 of the 22 countries we cover, your account would sit with a Tier 1–2 regulated company.
- Can be traded directly from TradingView charts.
- 34 years in business.
Watch out for
- Licence details come from the broker’s own pages; our register check is not finished.
- Only accepts clients in the countries where it holds a local licence.
- Does not accept residents of 16 of the 22 countries we cover.
Questions
Is OANDA or Saxo better for gold trading?
Across the 22 countries we cover, OANDA scores higher in 20 and Saxo in 2. The winner depends on where you live, because each broker opens your account with a different company in each country.
Which is safer, OANDA or Saxo?
In countries without a local licence, OANDA uses OANDA Global Markets Ltd (FSC). In countries without a local licence, Saxo does not accept clients. In licensed countries, check the table: the company that holds your money decides your protection.
Do OANDA and Saxo both offer MT5?
OANDA: yes. Saxo: no.
See also
Profiles
Other comparisons
Data checked: November 2026 · CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Ratings are our opinion, based on the data and rules described in the methodology. They are not investment advice.