To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare Saxo Bank vs Vantage FX.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. Saxo Bank is a better option with a 4.50 star rating over Vantage FX's 3.50 star rating.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. Saxo Bank alongside Vantage FX are regulated in a major hub. Neither Saxo Bank and Vantage FX are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Saxo Bank offers its clients access to 139 different currency pairs while Vantage FX has 38 available pairs, a difference of 101.
To round out our comparison of Saxo Bank vs Vantage FX, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Vantage FX makes Meta Trader available to clients, while Saxo Bank does not. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Vantage FX boasts an offering of 31 charting tools compared to Saxo Bank's 17 available charting tools. Vantage FX boasts an offering of 51 different indicators (for example, moving averages) compared to Saxo Bank's 45 available indicators.
Overall, Saxo Bank comes out on top with 5.00 stars over Vantage FX's 3.50 stars. And, when it comes to individual category awards, Saxo Bank was rated Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education in 2018, while Vantage FX was rated none of these.