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.
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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 |
Comparing commissions and fees, Saxo is rated 5 out of 5 stars and ranks #8 of 63 brokers, while Vantage earns 4.5 out of 5 stars and ranks #12. In short, Saxo tends to favor active, high‑volume traders and those who keep larger balances, whereas Vantage’s pricing is generally around the industry average unless you qualify for its ECN accounts.
Saxo’s forex trading is commission‑free (spread‑only), with a $3 per‑side ticket fee only if you trade under 50,000 units per month. As of November 2023, average EUR/USD spreads were 1.1 pips (Classic), 1.0 pips (Platinum), and 0.9 pips (VIP), with minimums about 0.2 pips tighter (e.g., Classic 0.9). The Classic account now has a $0 minimum deposit; Platinum requires $200,000 (AUD 300,000 for forex in Australia) or an upgrade via Loyalty points (e.g., about $40 million in forex volume to unlock Platinum for 12 months). VIP requires a $1,000,000 deposit or roughly $167 million in annual forex volume for a one‑year upgrade; custody fees for share trading can be waived if you opt into securities lending. Classic spreads are slightly higher than the industry average, while Platinum and VIP sit closer to typical market levels.
Vantage offers three accounts: the spread‑only Standard STP, and the commission‑based RAW ECN and PRO ECN. Typical EUR/USD pricing shows 1.30 pips on Standard (March 2023). The RAW ECN averaged 0.15 pips plus a $3 commission per side ($6 round turn), for about 0.75 pips all‑in, while PRO ECN lowers the commission to $2 per side ($4 round turn) but has access requirements (e.g., wholesale client status in Australia or a $10,000 minimum with its Cayman entity). Its active‑trader program pays $2–$8 per lot in rebates based on balance and monthly volume, but it only applies to the higher‑spread Standard account. Bottom line: unless you qualify for Vantage’s top‑tier ECN pricing, Saxo is more appealing on commissions and fees.
| Feature |
Saxo
|
Vantage
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average spread (EUR/USD) - Standard account | 1.0 | 1.32 |
| All-in Cost EUR/USD - Active | 0.8 | 0.72 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Compared with Vantage, online broker Saxo offers a far wider range of markets. Saxo lists about 71,000 tradable symbols and 190 forex pairs, and lets clients buy exchange-traded securities on U.S. and international exchanges (think Apple or Vodafone). Vantage provides around 1,000 symbols and 61 forex pairs, and does not offer direct share dealing on U.S. or overseas exchanges. Both brokers support forex trading via CFDs or spot contracts and both offer cryptocurrency CFDs (neither lets you buy actual crypto). Only Vantage supports copy trading; Saxo does not.
For breadth alone, Saxo stands out: it’s rated 5 stars and ranks #3 out of 63 brokers for Range of Investments at ForexBrokers.com. Vantage is rated 3.5 stars and ranks #32, making it a better fit if you want copy trading with a more focused set of markets rather than the widest selection.
| Feature |
Saxo
|
Vantage
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 71000 | 1000 |
| Forex Pairs (Total) | 190 | 61 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Saxo and Vantage both tick key boxes for traders: each offers a free demo account for paper trading, its own proprietary platform, web and Windows desktop access, and the ability to place trades directly from charts. The big differences come down to extras. Vantage supports copy trading and offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which suits fans of Expert Advisors and third‑party plugins. Saxo, by contrast, does not support MT4/MT5 or copy trading, leaning instead on its in-house platform experience.
In independent testing, Saxo earns 5 stars for Trading Platforms and Tools and ranks #3 out of 63 brokers, while Vantage scores 4 stars and ranks #20. If you want a polished in-house platform with high marks for tools, Saxo is a standout. If you prefer the MetaTrader ecosystem and the option to copy trade, Vantage is the better fit. Both let you try before you trade with a free demo.
| Feature |
Saxo
|
Vantage
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 61 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Saxo and Vantage both offer iPhone and Android trading apps with price alerts, plus the ability to draw and auto-save trendlines and other chart notes. A key difference is watchlist syncing: Saxo syncs symbols between the mobile app and your online account, while Vantage does not. If you move between devices, Saxo provides a smoother, more connected experience.
For charting depth, Saxo includes 64 technical studies compared with Vantage’s 30. This aligns with their industry scores: Saxo earns 5 stars and ranks #3 out of 63 brokers for Mobile Trading Apps at ForexBrokers.com, whereas Vantage holds 4 stars and ranks #24. Choose Saxo if you value more indicators and synced watchlists; pick Vantage if you’re satisfied with core tools and can manage watchlists separately.
| Feature |
Saxo
|
Vantage
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Saxo vs Vantage: both brokers deliver daily market commentary and stream forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones. In independent evaluations, Saxo earns 5 stars for Research and ranks #1 out of 63 brokers at ForexBrokers.com, while Vantage holds 4 stars and ranks #20.
For tools, both brokers offer Autochartist, sentiment indicators showing long/short positioning, and a clear economic calendar. Only Vantage adds Trading Central. Neither integrates TipRanks or Acuity Trading (Signal Centre). If you want the highest-rated in-house research experience, Saxo is the standout; if Trading Central is on your wish list alongside mainstream tools, Vantage is a solid pick.
| Feature |
Saxo
|
Vantage
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Saxo vs Vantage: both brokers give beginners a clear path to learn forex and CFDs. Each offers a library with at least 10 education pieces focused on forex/CFDs, plus ongoing client webinars (at least monthly). New traders get 10+ beginner videos at both brokers, and there are also 10+ advanced videos if you want to keep progressing. Together with articles, videos, and archived webinars, either broker can take you from first steps to more advanced topics.
The difference shows up in quality scores. ForexBrokers.com rates Saxo 5 stars for Education and ranks it 12th out of 63 brokers. Vantage earns 4 stars and ranks 23rd. If you want the stronger overall learning experience, Saxo has the edge; if you simply need clear basics with regular webinars, Vantage still delivers good value for beginners.
| Feature |
Saxo
|
Vantage
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | 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 #24.
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
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| Overall Rating |
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| Trust Score | 99 | 90 |
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In the Saxo vs Vantage online broker comparison for crypto trading, neither broker lets you buy actual (delivered) cryptocurrencies, but both offer cryptocurrency CFDs instead.
Comparing online brokers Saxo and Vantage for account funding: both support bank wire transfers and do not offer ACH/SEPA, but Vantage additionally supports PayPal and Skrill for deposits and withdrawals while Saxo does not.
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 |
| Broker Screenshots | Saxo | Vantage | |
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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 (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | ||
| 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) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Saxo | Vantage | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 71000 | 1000 | |
| Forex Pairs (Total) | 190 | 61 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | 1.0 | 1.32 | |
| All-in Cost EUR/USD - Active | 0.8 | 0.72 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Saxo | Vantage | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | Saxo | Vantage | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Saxo | Vantage | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 61 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Saxo | Vantage | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | Vantage | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Saxo | Vantage | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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