Page Summary
Saxo Bank and Vantage FX are top online brokers with excellent trading experiences. Saxo Bank offers premium trading platforms and research data. It follows a transparent fee policy and has top-tier trading tools. Saxo Bank is a registered bank and has trading licenses from the ASIC, MAS, FSA, SFC, FINMA, and FCA. It is a good choice for active traders of all levels of experience.
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Saxo Bank
69% of retail investor accounts lose money when trading CFDs with this provider.
Vantage
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:20 | 500:1 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | 0 | |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 1 | 0.1 pips |
| Stocks & ETF | 0.08% with $1 min. commission on US stocks | 0.36 pips |
| CFD (Gold) | $0.60 | 0.36 pips |
| Crypto | 0 | 0 |
| Options | $0.75 | 0 |
| Conversion Fees | 0,75% | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $5000 | $200 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 30.000 | 0 |
| ETF & Funds | 5.800 | 0 |
| Crypto | 9 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 3.000 | 0 |
| Futures | 300 | 0 |
| Bonds | 4.200 | 0 |
| Forex Instruments | 200 | 44 |
| CFD Indices & Funds | 50 | 16 |
| CFD Stocks | 19.000 | 226 |
| CFD Commodities | 50 | 19 |
| CFD Crypto | 0 | 34 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Vantage FX is one of the leading brokers with excellent mobile apps and educational tools. It offers an active trader discount and a minimum deposit fee of $200. Vantage FX has licenses from the ASIC and FCA. We recommend it for new traders as it has an excellent learning center.
Both brokers have strengths and weaknesses. This article discusses the differences between Saxo Bank and Vantage FX.
Top findings from the Saxo Bank vs. Vantage FX review:
- Saxo Bank is a premium online broker with top-tier services and social trading features.
- Vantage FX is an industry leader in learning and research tools.
- Both brokers offer an active trader discount and a demo account.
We recommend Saxo Bank for experienced active traders, as it offers social trading tools and premium platforms. Vantage FX is a top choice for beginners because of its many tutorials and educational tools.
Level of experience
Beginner traders prefer Vantage FX over Saxo Bank. Vantage FX has webinars, tutorial guides, and forex education. It is a leading broker for market analysis, research, and third-party content. This broker offers social trading tools.
Saxo Bank offers premium tools and trading platforms. It has advanced trading videos and many research tools. Saxo Bank has some beginner-friendly tools, including training videos and webinars.
Fees
Saxo Bank has a high minimum deposit fee of US$10,000, while Vantage FX has an initial deposit of US$200. Both brokers offer an active trader discount.
Assets
Saxo Bank has 170 forex currency pairs, while Vantage FX has 44 available fairs. Saxo Bank provides access to 9000 CFDs, while Vantage FX has 260 available CFDs.
Trading platform
Saxo Bank has a comprehensive portfolio with premium web, desktop, and mobile platforms. It provides a virtual trading account and reliable research tools. Saxo Bank is a popular broker because of its social trading services. We recommend it for active traders of all levels of experience.
Vantage FX stands out from other MetaTrader-only brokers as it has many compatible 3rd party platforms. It offers the full MetaTrader suite with SmartTrader tools. Vantage FX has social trading and educational tools. It is a top choice for new traders, as it offers a demo account and tutorial guides.
Banking services
Banking services are helpful to traders of all levels of experience. Saxo Bank is a registered bank and offers full banking services to its clients. It has bank wire and credit/debit card funding options. Vantage FX offers bank wire and Skrill as funding options for your trading account. Vantage FX does not provide banking services.
Final verdict
Saxo Bank and Vantage FX are top online brokers. Both have strengths and weaknesses, depending on your skills and trading experience. Saxo Bank is a top choice for active professional traders, as it has many premium tools. We recommend Vantage FX to new traders because of its competitive prices and learning tools.
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