Written by ForexBrokers.com
In this head to head comparison of Saxo vs VT Markets, 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 online brokers Saxo and VT Markets, there are distinct differences in their trust levels and regulatory achievements. Saxo, founded in 1992, is a bank that has achieved a perfect Trust Score of 99 from ForexBrokers.com. This high score reflects its extensive regulatory oversight with 7 Tier-1 licenses and 1 Tier-2 license. On the other hand, VT Markets, established in 2016, is not a bank and holds a Trust Score of 70, indicating an average risk level with its regulatory standing. It possesses 1 Tier-1 and 1 Tier-2 license, which point to a moderate trust level in comparison to Saxo.
While neither Saxo nor VT Markets are publicly traded, their paths in compliance and regulation mark a noticeable difference in their trustworthiness. Saxo's strong regulatory framework backed by a multitude of licenses positions it as a more secure choice among brokers. Meanwhile, VT Markets, being relatively younger and with fewer regulatory credentials, presents a more average risk profile, appealing to investors willing to weigh these factors in their decision-making process.
| Feature |
Saxo
|
VT Markets
|
|---|---|---|
| Year Founded | 1992 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing the commissions and fees of Saxo and VT Markets, prospective traders will notice some key distinctions. Saxo is lauded for its attractive pricing, particularly for active and high-volume traders. As of November 2023, the average spreads for Saxo's Classic, Platinum, and VIP accounts on the EUR/USD currency pair were 1.1, 1.0, and 0.9 pips, respectively. Although the Classic account's pricing is slightly above industry norms, the Platinum and VIP accounts offer more competitive rates. Saxo also stands out by waiving custody fees for share trading if traders engage in securities lending. Saxo receives a 5-star rating for commissions and fees and holds the 9th spot among 62 brokers in this category.
In contrast, VT Markets differentiates itself with its two main account types: Standard STP and Raw ECN. The Standard STP account is commission-free but has higher spreads, notably 1.2 pips on the EUR/USD. The Raw ECN account, however, provides lower effective spreads at 0.83 pips, which includes a 0.6 round-turn commission and an average spread of 0.23 pips from September 2021. With a modest $100 minimum deposit for both accounts, VT Markets offers affordability while maintaining competitive pricing with their Raw ECN account. VT Markets earns a 4.5-star rating and ranks 20th among 62 brokers for its commissions and fees.
Ultimately, Saxo is especially appealing to traders who can meet higher account minimums and seek comprehensive service benefits, including commission-free forex trading for large volumes. On the other hand, VT Markets is ideal for traders looking for a straightforward, cost-effective entry with lower minimum deposits and competitive spreads through their Raw ECN account.
| Feature |
Saxo
|
VT Markets
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.1 | 1.2 |
| All-in Cost EUR/USD - Active | 0.9 | 0.8 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| 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 comparing online brokers Saxo and VT Markets, the difference in their available range of investments is substantial. Saxo impressively offers 70,000 tradeable symbols, including 190 forex pairs, making it a favored choice for diverse trading needs. In contrast, VT Markets provides a more limited range with 1,000 tradeable symbols and 39 forex pairs. Both brokers support forex trading as a CFD or spot contract, as well as cryptocurrency derivatives, but neither offers the purchase of actual cryptocurrencies. Additionally, Saxo allows its clients to trade exchange-traded securities on U.S. and international exchanges, giving traders the ability to invest directly in companies like Apple and Vodafone. Meanwhile, VT Markets only offers international exchange-traded securities, excluding direct access to U.S. stocks.
Both Saxo and VT Markets enable copy trading, which can benefit investors looking to mirror the strategies of successful traders. However, Saxo's extensive range of investments has earned it a five-star rating for its offering in this area and the third place in ForexBrokers.com's Range of Investments category among 62 brokers. VT Markets, while providing a solid platform for certain markets, garners a 3.5-star rating and ranks 39th in the same category. These distinctions highlight Saxo as a more comprehensive brokerage option for investors seeking a wide array of investment opportunities.
| Feature |
Saxo
|
VT Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 1000 |
| Forex Pairs (Total) | 190 | 39 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| 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 comparing the trading platforms and tools offered by Saxo and VT Markets, each platform brings unique features to the table. Saxo stands out with its proprietary platform, which is developed in-house and offers a variety of trading options including a Windows-based desktop download and a web-based platform. This provides traders with flexibility and a seamless trading experience. Notably, Saxo does not support MetaTrader 4 (MT4) or MetaTrader 5 (MT5), which could be a consideration for users familiar with these popular platforms. However, Saxo compensates with its advanced charting capabilities and extensive customizability, offering 20 drawing tools and 60 different fields in watch lists. With these features, Saxo earns a five-star rating and is ranked first out of 62 brokers for its trading platforms and tools.
On the other hand, VT Markets offers a comprehensive platform experience with the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are particularly advantageous for traders seeking these well-established platforms. VT Markets also provides a web-based and Windows-based desktop platform, ensuring accessibility for its users. Despite not having a proprietary platform, VT Markets supports copy trading and offers 30 drawing tools, giving traders various functionalities to enhance their trading strategies. However, with watch lists limited to seven columns, the level of detail is less compared to Saxo. This results in a four-star rating and a rank of #47 among 62 brokers for trading platforms and tools. Both brokers offer demo accounts, enabling new users to familiarize themselves with their respective platforms without risk.
| Feature |
Saxo
|
VT Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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 | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 15 |
| Charting - Drawing Tools (Total) | 20 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 60 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Saxo and VT Markets, both brokers provide apps for iPhone and Android users with features like stock and forex price alerts and real-time quotes on watchlists. Saxo stands out by offering a more integrated experience with watchlist symbol syncing, allowing updates made on the app to seamlessly reflect on a client’s online account. In contrast, VT Markets does not offer this feature. When it comes to technical studies, Saxo provides 64 options for charting compared to VT Markets' 30, giving Saxo users a broader analytical toolkit.
Both brokers' apps allow users to draw trendlines and view multiple time frames on charts. However, Saxo ensures an extra layer of convenience by auto-saving chart drawings, a feature VT Markets lacks. In terms of overall user satisfaction, ForexBrokers.com rates Saxo's mobile app highly with a full five stars and ranks it #2 out of 62 brokers, underscoring its high-quality user experience. Meanwhile, VT Markets receives a four-star rating and is ranked #44, indicating a solid but comparatively less esteemed offering.
| Feature |
Saxo
|
VT Markets
|
|---|---|---|
| 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 | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
For those seeking comprehensive market insights, both Saxo and VT Markets provide daily market commentary and top-tier forex news from sources like Bloomberg and Reuters. This ensures traders are well-informed on current market affairs. When it comes to technical and fundamental analysis tools, Saxo offers resources from Autochartist, allowing for detailed technical analysis, whereas VT Markets provides access to Trading Central, which is known for its analytics. Both brokers also offer sentiment-based trading tools that display the ratio of long to short positions across different currency pairs or other instruments, granting traders valuable insights into market sentiment.
Additionally, Saxo and VT Markets include an economic calendar that highlights important global news events affecting various economies. However, neither broker offers market research through TipRanks or Acuity Trading's tools. In terms of research quality, Saxo is distinguished with a 5-star rating and ranks as the top broker for research out of 62 evaluated by ForexBrokers.com. In contrast, VT Markets receives a 3.5-star rating and ranks at number 36, indicating a notable difference in research offerings and quality between the two brokers.
| Feature |
Saxo
|
VT Markets
|
|---|---|---|
| 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 comparing the educational resources for beginners offered by Saxo and VT Markets, both brokers provide a variety of materials dedicated to forex and CFDs education, with each offering more than ten educational pieces like articles, videos, and archived webinars. However, Saxo stands out by hosting monthly live webinars, offering a searchable archive of past sessions, and providing a more comprehensive selection of advanced videos for experienced traders. These additional resources give Saxo an edge for newcomers who also wish to deepen their trading knowledge over time.
Both brokers do offer dictionaries of investing terms and helpful beginner videos, making them suitable for novices seeking foundational knowledge. However, Saxo receives a higher rating of five stars for its educational offerings, ranking 13th out of 62 brokers, whereas VT Markets garners a 3.5-star rating and ranks 55th. This disparity highlights Saxo’s stronger emphasis on continuous learning and resource availability, ultimately offering a more supportive environment for those embarking on their trading journey.
| Feature |
Saxo
|
VT Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| 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 VT Markets. Saxo finished with an overall rank of #3, while VT Markets finished with an overall rank of #44.
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
|
VT Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 70 |
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While both Saxo and VT Markets do not provide options to purchase actual delivered cryptocurrency, they each offer the ability to trade cryptocurrency derivatives.
When comparing online brokers Saxo and VT Markets, neither offers ACH or SEPA transfers, nor PayPal for deposits or withdrawals, but both provide options for Visa, Mastercard, and bank wires, with VT Markets additionally supporting Skrill.
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 | VT Markets | |
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| Trust Score | 99 | 70 | |
| Winner | check_circle | ||
| Review | Saxo Review | VT Markets Review |
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| Regulation | Saxo | VT Markets | |
|---|---|---|---|
| Trust Score | 99 | 70 | |
| Year Founded | 1992 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Saxo | VT Markets | |
|---|---|---|---|
| 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 | No | |
| 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 | VT Markets | |
|---|---|---|---|
| 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 | VT Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 1000 | |
| Forex Pairs (Total) | 190 | 39 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| 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 | VT Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.8 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | VT Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| 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 | VT Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | No | |
| ZuluTrade | No | No |
| Trading Tools | Saxo | VT Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 15 | |
| Charting - Drawing Tools (Total) | 20 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | VT Markets | |
|---|---|---|---|
| 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 | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Saxo | VT Markets | |
|---|---|---|---|
| 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 | VT Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Saxo | VT Markets | |
|---|---|---|---|
| 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 | VT Markets Review |
| Overall | Saxo | VT Markets | |
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| Trust Score | 99 | 70 | |
| Winner | check_circle | ||
| Review | Saxo Review | VT Markets Review |
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