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 |
Saxo vs Vantage on commissions and fees: Saxo earns 5/5 stars and ranks #9 of 63 (ForexBrokers.com), while Vantage earns 4.5/5 stars and ranks #20 of 63. In short, Saxo tends to be cheaper for larger balances and high-volume forex traders thanks to tiered pricing, whereas Vantage offers accessible account choices but usually sits nearer the industry average.
At Saxo, EUR/USD average spreads (Nov 2023) were 1.1 pips on the Classic account, 1.0 on Platinum, and 0.9 on VIP, with minimums roughly 0.2 pips tighter. Forex trading is commission-free; only clients trading under 50,000 units per month pay a $3 per-side ticket fee. Classic now has a $0 minimum deposit. Platinum requires $200,000 (AUD 300,000 for Australian forex traders) or can be reached via loyalty points (for example, about $40 million in forex volume to upgrade for 12 months). VIP—winner of the 2024 #1 VIP Client Experience—unlocks at a $1,000,000 deposit or roughly $167 million in forex volume and adds analyst access and events. Saxo also waives custody fees for share trading if you opt into securities lending.
Vantage’s costs vary by account. The Standard STP account is spread-only with typical EUR/USD spreads around 1.30 pips (Mar 2023). The RAW ECN account averaged 0.15 pips plus a $3 commission per side ($6 round turn), for an all-in cost near 0.75 pips. The PRO ECN account trims commission to $2 per side ($4 round turn) but has stricter eligibility—Australia requires wholesale-client status, while the Cayman entity needs at least $10,000 funded. Vantage also offers Active Trader rebates of $2–$8 per standard lot (tiers from $10,000 to $300,000 in equity), though only on the higher-spread Standard account. Bottom line: Vantage’s best tiers can be competitive, but on average it’s pricier than Saxo for high-volume forex traders.
| 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.
Saxo and Vantage both let you trade forex as CFDs or spot, and each supports copy trading. The big gap is in market access: Saxo lists about 70,000 tradable symbols and 190 currency pairs, while Vantage offers roughly 1,000 symbols and 61 pairs. Saxo also lets clients buy exchange-traded shares on U.S. and international exchanges (like Apple or Vodafone) in addition to CFDs, whereas Vantage does not offer direct stock ownership. Neither broker supports buying real cryptocurrency, but both provide crypto derivatives for speculation.
If your priority is a very wide choice of markets and the ability to own stocks outright, Saxo stands out. If you mainly want CFD and spot forex with copy trading, Vantage covers the essentials. Reflecting this difference in breadth, ForexBrokers.com rates Saxo 5 out of 5 stars for Range of Investments and ranks it #3 of 63 brokers, while Vantage earns 3.5 out of 5 stars and ranks #51.
| 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.
Saxo and Vantage both deliver fully featured mobile trading apps for iPhone and Android. Each app supports stock and forex price alerts, real-time watchlists, multiple chart time frames, trendline drawing, and auto-saved chart annotations. This means you can monitor markets and manage trades on the go without losing your work between sessions.
For charting depth, Saxo offers 64 technical studies compared with Vantage’s 30. Saxo also syncs watchlists between the mobile app and your online account, while Vantage does not. These differences are reflected in third-party reviews: ForexBrokers.com rates Saxo 5 stars and ranks it #2 out of 63 brokers for Mobile Trading Apps, whereas Vantage earns 4 stars and ranks #29. Traders who want deeper analysis tools and seamless watchlist syncing may prefer Saxo, while Vantage remains a capable choice for everyday mobile trading.
| 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 it comes to market research, both Saxo and Vantage provide valuable insights for traders. They each offer daily market commentary and deliver forex news from top sources like Bloomberg and Reuters. Both platforms also include tools from Autochartist, enabling traders to conduct technical and fundamental analysis. Additionally, each broker provides a sentiment-based trading tool to better inform investment strategies. Furthermore, both Saxo and Vantage feature an economic calendar allowing users to stay updated on global economic events.
Despite these similarities, there are key differences between the two. Vantage stands out by offering tools from Trading Central, equipping traders with advanced technical analytics that Saxo does not. However, Saxo earns higher accolades for research, ranked #1 by ForexBrokers.com and rated 5 stars, while Vantage, rated 4 stars, holds the #22 spot. Neither broker currently provides market research from TipRanks nor features from Acuity Trading, such as Signal Centre, which could be an area for future enhancement.
| 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 |
|
|
| Trust Score | 99 | 90 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Saxo | Vantage | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 90 | |
| Winner | check_circle | ||
| Review | Saxo Review | Vantage Review |
| Broker Screenshots | Saxo | Vantage | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| 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 | ||
| 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/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 90 | |
| Winner | check_circle | ||
| Review | Saxo Review | Vantage Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill