Written by ForexBrokers.com
In this head to head comparison of Saxo vs Vantage, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When comparing Saxo and Vantage, a key aspect is their regulatory standing. Saxo, founded in 1992, is both a broker and a bank, enhancing its trustworthiness. Holding 7 Tier-1 licenses and 1 Tier-2 license, Saxo is highly respected in the financial industry. With a perfect Trust Score of 99 according to ForexBrokers.com, Saxo is considered a very reliable choice for investors and traders.
In contrast, Vantage, established in 2009, operates solely as a broker without the added status of being a bank. It holds 2 Tier-1 licenses and 1 Tier-2 license, reflecting its trusted position. Vantage boasts a Trust Score of 90, marking it as a highly trusted broker, though it does not quite reach the same level of confidence as Saxo. Both brokers are not publicly traded; still, their regulatory credentials are strong indicators of their commitment to financial integrity and client safety.
| Feature |
Saxo
|
Vantage
|
|---|---|---|
| Year Founded | 1992 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When it comes to commissions and fees, Saxo provides excellent pricing tailored to active and high-volume traders. With average EUR/USD spreads of 1.1, 1.0, and 0.9 pips for Classic, Platinum, and VIP accounts respectively, Saxo offers competitive pricing, especially at the Platinum and VIP account levels. The Classic account’s minimum deposit is now $0, lowering the entry barrier, while Platinum and VIP accounts require higher minimum deposits and offer reduced fees through their loyalty program. Notably, Saxo is commission-free for forex trading, excluding a minor ticket-fee for lower trading volumes. Saxo earns a 5-star rating and is ranked #9 out of 62 brokers for commissions and fees by ForexBrokers.com.
Vantage offers a range of accounts that cater to different trading needs, from the spread-only Standard STP to commission-based RAW ECN and PRO ECN accounts. Typical EUR/USD spreads stand at 1.30 pips for Standard accounts, while Raw accounts display tighter spreads of 0.15 pips plus a commission, effectively totaling 0.75 pips. The PRO account is particularly enticing with a reduced per-side commission. Vantage’s standard account spreads are higher, though the Active Trader program offers rebates. Vantage's commissions and fees are competitive, though not leading, with a 4.5-star rating and a rank of #18 by ForexBrokers.com.
In summary, Saxo shines for those willing to trade large volumes, boasting industry-low pricing and additional benefits for VIP clients. Meanwhile, Vantage provides flexible account choices with satisfactory pricing, though it does not top the charts like Saxo. Both brokers offer distinct value propositions depending on trader priorities, making them both worthy of consideration, particularly for experienced traders seeking tailored pricing strategies. Saxo and Vantage consistently cater to their client’s financial strategies, exemplifying how nuanced pricing structures can benefit different trading profiles.
| Feature |
Saxo
|
Vantage
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | 1.1 | 1.30 |
| All-in Cost EUR/USD - Active | 0.9 | 0.75 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the variety of investment options available, Saxo stands out with an impressive 70,000 tradeable symbols, far surpassing Vantage's offering of 1,000 symbols. Saxo provides a comprehensive range of 190 forex pairs, compared to the 57 pairs available through Vantage. Both brokers give clients the ability to engage in forex trading either as a CFD or a spot contract. However, Saxo shines by offering access to exchange-traded securities on both U.S. and international exchanges, allowing investors to buy shares like Apple and Vodafone. In contrast, Vantage does not provide the option to purchase exchange-traded securities on any exchanges.
Both Saxo and Vantage offer the chance to trade cryptocurrency derivatives, but neither allows for the purchase of actual cryptocurrencies. Furthermore, both brokers support copy trading for those interested in mirroring the strategies of successful investors. In terms of ratings, Saxo is highly acclaimed with a 5-star rating for its range of investments and ranks 3rd out of 62 brokers according to ForexBrokers.com. Meanwhile, Vantage is rated at 3.5 stars and holds the 50th position in the same category. For investors seeking a broad array of investment choices, Saxo delivers a more expansive suite of products and a higher market ranking compared to Vantage.
| Feature |
Saxo
|
Vantage
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 1000 |
| Forex Pairs (Total) | 190 | 57 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When evaluating Saxo and Vantage for their trading platforms and tools, both brokers stand out for offering a range of features that cater to various trading needs. Both provide users with simulated or demo accounts, allowing beginners and seasoned traders alike to practice and hone their skills without financial risk. Additionally, Saxo and Vantage have developed their proprietary trading platforms, available as both Windows-based desktop downloads and web-based platforms, enabling flexible access to trading activities. Traders can engage in copy trading with either broker, though Vantage extends its offerings by also integrating third-party platforms like MetaTrader 4 and MetaTrader 5, as well as DupliTrade and ZuluTrade, which Saxo does not support.
Charting capabilities are essential for technical analysis, and while Saxo boasts 20 drawing tools, Vantage offers a slightly smaller selection with 15 tools. Both platforms allow users to trade directly from stock charts, enhancing convenience and decision-making efficiency. When it comes to managing watch lists, Saxo provides a significant edge with 60 customizable columns, compared to Vantage’s 7. Users and reviewers have notably praised Saxo’s trading platforms and tools, earning it a 5-star rating and the number one ranking among ForexBrokers.com's 62 reviewed brokers. While Vantage also performs well with a 4-star rating, it ranks 15th in the same listing, reflecting strong yet slightly less comprehensive services compared to Saxo.
| Feature |
Saxo
|
Vantage
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | Yes |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 64 | 30 |
| Charting - Drawing Tools (Total) | 20 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 60 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Saxo and Vantage cater to iPhone and Android users, providing them with seamless access to market updates. However, Saxo stands out with its extensive range of 64 technical studies for charting, surpassing the 30 offered by Vantage. Both brokers ensure you can create watchlists with real-time quotes and receive timely stock or forex price alerts on your mobile. The ability to draw trendlines and view different time frames, such as daily or intraday, is available on both platforms, complete with auto-saving features for your convenience. Saxo takes a leap ahead with watchlist symbol syncing across devices, which is something Vantage does not provide.
In terms of overall ratings and rankings, Saxo clearly leads with a solid 5-star rating and takes the impressive second position out of 62 brokers for mobile trading apps according to ForexBrokers.com. On the other hand, Vantage earns a respectable 4-star rating, finding its place at rank #26 in the same category. These rankings reflect the comprehensive functionalities and user-friendly features Saxo offers, making it a preferred choice for those looking for a top-tier trading experience on mobile devices.
| Feature |
Saxo
|
Vantage
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Saxo and Vantage for market research offerings, both brokers provide daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. However, Saxo sets itself apart with its inclusion of Autochartist's technical analysis tools, which Vantage does not offer. Conversely, Vantage provides tools from Trading Central, which Saxo lacks. Both brokers equip traders with sentiment-based trading tools and maintain economic calendars that highlight global news events, ensuring well-informed trading decisions. Neither Saxo nor Vantage offers market research tools from TipRanks or Acuity Trading.
In terms of ratings, Saxo excels with a perfect 5-star score for research and holds the top position among 62 brokers evaluated by ForexBrokers.com. Vantage, on the other hand, earns 4 stars, landing at the 24th position. This makes Saxo particularly appealing for traders seeking comprehensive market insights and research capabilities. Nonetheless, Vantage remains a strong contender, offering reliable market commentary and news sources along with unique tools to meet varying trader preferences.
| Feature |
Saxo
|
Vantage
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both Saxo and Vantage excel in offering a comprehensive range of learning materials on forex and CFDs. Both platforms provide a minimum of 10 educational pieces, including articles, videos, and archived webinars that cater specifically to forex and CFD topics. They also offer engaging, monthly online client webinars that further enhance the learning experience. Users can access a searchable archive of these recorded webinars to continue their trading education at their own pace.
Saxo and Vantage cater to traders of all experience levels, offering at least 10 beginner-friendly educational videos alongside 10 more advanced ones for experienced traders. Additionally, both brokers provide an investor dictionary with clear definitions of over 50 investing terms, helping demystify complex trading concepts for newcomers. Despite the similarities, Saxo stands out with a 5-star rating for education and is ranked #13 out of 62 brokers by ForexBrokers.com, whereas Vantage holds a 4-star rating, positioned at #27. This positions Saxo as a slightly more favored choice for those prioritizing educational quality in their online trading journey.
| Feature |
Saxo
|
Vantage
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Saxo is better than Vantage. Saxo finished with an overall rank of #3, while Vantage finished with an overall rank of #26.
Saxo is an exclusive multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.
| Feature |
Saxo
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Vantage
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 90 |
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Both Saxo and Vantage online brokers do not offer the ability to buy actual delivered cryptocurrency, but they both provide options for purchasing cryptocurrency derivatives.
While both Saxo and Vantage provide the ability to deposit or withdraw funds through Visa, Mastercard, and bank wires, only Vantage offers additional flexibility with options like PayPal and Skrill, whereas neither platform supports ACH or SEPA transfers.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Saxo | Vantage | |
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| Trust Score | 99 | 90 | |
| Winner | check_circle | ||
| Review | Saxo Review | Vantage Review |
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| Regulation | Saxo | Vantage | |
|---|---|---|---|
| Trust Score | 99 | 90 | |
| Year Founded | 1992 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Saxo | Vantage | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Saxo | Vantage | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Saxo | Vantage | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 1000 | |
| Forex Pairs (Total) | 190 | 57 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Saxo | Vantage | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | 1.30 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.75 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | Vantage | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Saxo | Vantage | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | Yes | |
| ZuluTrade | No | Yes |
| Trading Tools | Saxo | Vantage | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 30 | |
| Charting - Drawing Tools (Total) | 20 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | Vantage | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Saxo | Vantage | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | Vantage | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Saxo | Vantage | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Saxo Review | Vantage Review |
| Overall | Saxo | Vantage | |
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| Trust Score | 99 | 90 | |
| Winner | check_circle | ||
| Review | Saxo Review | Vantage Review |
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