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 | 3 |
When comparing online brokers Saxo and Vantage, Saxo stands out with its excellent pricing, especially for active and high-volume traders. Saxo's Classic account has a slightly higher average spread of 1.1 pips on the EUR/USD, compared to industry standards. However, its Platinum and VIP accounts offer more competitive rates with spreads of 1.0 and 0.9 pips, respectively. A distinct feature of Saxo is its commission-free structure on forex trading, though traders dealing with less than 50,000 units monthly incur a $3 fee per side. Saxo also waives custody fees for traders participating in securities lending. Saxo holds a 5-star rating and ranks #9 out of 63 brokers in the commissions and fees category.
Vantage, on the other hand, offers three account types: the Standard STP, RAW ECN, and PRO ECN accounts. The Standard account has typical spreads of 1.30 pips on the EUR/USD, while the RAW account features lower average spreads of 0.15 pips plus a commission of $6 per round turn, totaling 0.75 pips. Vantage’s PRO account provides even more competitive pricing, with only a $4 commission per round turn. Despite these offerings, Vantage's pricing is generally in line with the industry average and does not surpass leaders like Saxo. Vantage's active trader program provides rebates based on account balance and trading volume, but it's only available for those using the higher-spread Standard account. Vantage is rated at 4.5 stars and is ranked #19 in the same category.
In summary, Saxo offers outstanding value for high-volume traders with its competitive Platinum and VIP account pricing, particularly excelling in areas of large account balances and loyalty rewards. Meanwhile, Vantage provides various account options with its PRO account emerging as the best-priced choice for those meeting specific qualifying conditions. While both brokers have their strengths, Saxo remains ahead with its more favorable pricing, holding a higher rating and ranking compared to Vantage.
| 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 | Yes |
| 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 evaluating the range of investments offered by Saxo and Vantage, Saxo clearly stands out with an impressive 70,000 tradeable symbols compared to Vantage's 1,000. Saxo also provides access to 190 forex pairs, while Vantage comes in with 61 options. Both brokers facilitate forex trading as CFDs or spot contracts, but Saxo further differentiates itself by allowing clients to purchase exchange-traded securities on U.S. and international exchanges. In contrast, Vantage does not offer the ability to buy such securities directly, which includes popular stocks like Apple on NASDAQ or Vodafone on the London Stock Exchange.
Both Saxo and Vantage support copy trading and offer cryptocurrency derivatives, though neither allows the purchase of actual cryptocurrencies. Considering these features, Saxo earns a 5-star rating for its range of investments, ranking #3 out of 63 brokers according to ForexBrokers.com. Meanwhile, Vantage is rated 3.5 stars and is positioned at #50 in the same category. This puts Saxo ahead in terms of diversity and accessibility for investors seeking a broad spectrum of trading opportunities.
| Feature |
Saxo
|
Vantage
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 1000 |
| Forex Pairs (Total) | 190 | 61 |
| 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 comparing Saxo and Vantage in terms of trading platforms and tools, both brokers offer traders a wide array of features, including free demo accounts for virtual trading, proprietary platforms, and a choice between desktop and web-based platforms. However, there are some key differences to consider. For example, Vantage supports popular platforms like MetaTrader 4 and MetaTrader 5, along with options like DupliTrade, which Saxo does not. On the other hand, Saxo focuses on its proprietary offerings and doesn't cater to third-party platforms like MetaTrader.
Saxo and Vantage both enable direct trading from stock charts and offer copy trading options. However, Saxo provides a more extensive range of charting tools, boasting 20 drawing tools compared to Vantage's 15. Additionally, Saxo’s watch lists are more detailed, with up to 60 fields available, far exceeding Vantage's 7 fields. These features contribute to Saxo being ranked as the top broker for trading platforms and tools by ForexBrokers.com, with a perfect five-star rating, whereas Vantage holds the 21st position with four stars. These rankings highlight Saxo’s commitment to delivering a comprehensive and advanced trading experience.
| 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 | No |
| 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.
Both Saxo and Vantage offer comprehensive mobile trading apps available for iPhone and Android users, ensuring traders can access their accounts easily from anywhere. Both apps support stock and forex price alerts, as well as the ability to draw trendlines on charts and view multiple time frames, making real-time trading decisions easier. However, Saxo takes an edge with some enhanced features not found in Vantage’s app. Notably, Saxo allows for seamless watchlist syncing between the mobile app and the online account, whereas Vantage lacks this feature. Saxo also supports 64 technical studies for charting, compared to Vantage's 30, providing traders with more tools for in-depth analysis.
For those keen on creating watchlists with real-time quotes, both Saxo and Vantage cater to this requirement. However, Saxo's mobile app stands out as it consistently auto-saves drawings on charts, a feature matched by Vantage. When it comes to ratings, Saxo's mobile app earns a full 5 stars compared to Vantage’s 4 stars. Furthermore, Saxo stands as a clear leader, ranked #2 out of 63 brokers by ForexBrokers.com in the Mobile Trading Apps category, while Vantage is positioned at #28. This indicates Saxo’s mobile trading app provides a more favorable user experience with advanced functionalities to address the needs of both novice and seasoned traders.
| 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.
Both Saxo and Vantage offer impressive market research options that cater to online traders, providing daily market commentary and updates from leading news sources like Bloomberg, Reuters, and Dow Jones. Traders using either platform can also access technical analysis tools from Autochartist, in addition to sentiment-based trading tools that reveal investor positions on various currency pairs. Each broker also features an economic calendar that highlights important global events affecting the markets. Despite their similarities, Vantage holds an edge with additional support from Trading Central, offering technical analytics that Saxo does not provide, although Vantage lacks some of the expert assessments found in Saxo.
However, the overall research experiences set the two brokers apart, as reflected in their ratings. Saxo boasts a perfect 5-star rating for its research capabilities, standing out as the top-ranked broker by ForexBrokers.com among 63 competitors. In contrast, Vantage holds a respectable 4-star rating, securing the 21st position in the same category. While both platforms provide essential market insights, Saxo's advanced research capabilities give it a distinct advantage for traders seeking comprehensive analysis and data-driven trading decisions.
| Feature |
Saxo
|
Vantage
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| 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 choosing an online broker, especially as a beginner, educational resources are key. Both Saxo and Vantage provide a wealth of educational tools focused on forex and CFDs trading. Each offers more than ten educational pieces, such as articles and videos, ensuring that newcomers have ample resources at their disposal. Beginner traders can also benefit from the more than ten videos specifically catered to their level that both platforms offer. Monthly educational webinars and searchable archives of past sessions are available from both brokers, giving users consistent and convenient access to learning opportunities.
Saxo stands out slightly ahead with a perfect 5-star rating for its educational offerings, compared to Vantage's 4 stars. This difference is also reflected in their rankings by ForexBrokers.com, where Saxo is placed at 13th and Vantage at 24th. Both brokers provide comprehensive educational video content for more advanced traders as well, with a rich library covering intricate trading topics. They also offer investor dictionaries with definitions of over 50 investing terms, making them both excellent choices for traders at any stage of their 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 63 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
|
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 | 3 |
| 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 | 61 | |
| 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 | Yes | |
| 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 | No |
| 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 | Yes | |
| 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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