Page Summary
Saxo Bank and VT Markets are leading online brokers with top-tier licenses. Saxo Bank has premium trading platforms and research tools. It follows a transparent fee structure and offers trading discounts. Saxo Bank has licenses from the SFC, ASIC, FSA, MAS, FINMA, and FCA. We recommend it 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.
VT Markets
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 | $20 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | 0 | |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 1 | 0.2 pips |
| Stocks & ETF | 0.08% with $1 min. commission on US stocks | 0.1 pips |
| CFD (Gold) | $0.60 | 0.1 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 | $100 |
| 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 | 40 |
| CFD Indices & Funds | 50 | 18 |
| CFD Stocks | 19.000 | 121 |
| CFD Commodities | 50 | 9 |
| CFD Crypto | 0 | 16 |
| 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
VT Markets is a MetaTrader4 broker with premium tools from Trading Central. It has top-tier licenses from the ASIC and FCA. VT Markets offers an excellent learning center on its website. We recommend it for both beginner and experienced traders because of its impressive offer.
Both brokers have strengths and weaknesses. This article discusses the main differences between Saxo Bank and VT Markets.
Top findings from the Saxo Bank vs. VT Markets review:
- Saxo Bank is a premium broker with excellent social trading features.
- VT Markets is an online broker with useful learning tools for new traders.
- Both brokers offer a virtual trading account to test their offering.
We recommend Saxo Bank to all traders who want reliable trading tools. However, VT Markets is a better choice for new traders as it has a dedicated learning center.
Level of experience
Both brokers provide reliable tools for new traders. Saxo Bank has many educational and market data, useful for advanced traders. It offers webinars, tutorials, and premium information.
VT Markets is an online broker with reliable educational and research tools for beginners. It offers access to Trading Central and an investor dictionary. This broker has ZuluTrade and a demo account.
Fees
Saxo Bank has a high minimum deposit fee of US$10,000. VT Markets charges $200 for creating new accounts. The average EUR/USD spread at Saxo Bank is 0.8, while at VT Markets is 1.3. Saxo Bank offers an active trader discount, while VT Markets doesn’t.
Assets
Saxo Bank has 170 forex currency pairs, while VT Markets has 38 available pairs. Saxo Bank provides access to 9000 CFDs, while VT Markets has 129 available CFDs.
Trading platform
Saxo Bank has a premium desktop, web, and mobile trading platforms. These come with excellent research tools and a virtual trading account. Saxo Bank offers MetaTrader4 and social trading. It is a good choice for traders of all levels of experience. Saxo Bank has a higher initial deposit than competitor brokers. The trading fees at Saxo Bank are lower than competitor brokers.
VT Markets is an online broker with access to the MT4 suite. It offers a dedicated learning center, including a demo account. VT Markets is an excellent choice for traders of all levels of experience because of its impressive tools and easy-to-learn features.
Banking services
Banking services are vital for an seamless online trading experience. Saxo Bank is a fully featured bank and offers bank transfers and credit/debit cards as funding options for its clients. VT Markets has 4 funding options, including bank transfers, credit/debit, and Skrill.
Final verdict
Saxo Bank and VT Markets are leading online brokers. Both have advantages and disadvantages depending on your trading needs and experience. We recommend Saxo Bank to active traders who want a VIP trading experience. VT Markets is a better choice for beginners because of its learning tools and competitive prices.
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