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 the commissions and fees of Saxo and Vantage, Saxo stands out as a top performer, earning a 5-star rating for its pricing structure. Saxo offers some of the industry's most competitive rates, especially for high-volume traders and those maintaining larger account balances. The broker’s Classic account has an average EUR/USD spread of 1.1 pips, while its Platinum and VIP accounts offer even better rates at 1.0 and 0.9 pips, respectively. Saxo's VIP account, which was awarded the number one spot for VIP client experience, requires a deposit of at least $1,000,000 or sufficient trading volume to qualify. Notably, Saxo allows for commission-free forex trading, except for traders dealing in smaller volumes, who may face a nominal fee.
Vantage, rated 4.5 stars, offers a varied pricing scheme that aligns with industry norms but doesn’t quite match Saxo's aggressive pricing. Vantage has three account types, with the Standard STP account featuring typical EUR/USD spreads of 1.30 pips. The RAW ECN account appeals to those seeking tight spreads starting at 0.15 pips, with a commission of $3 per side. Vantage’s PRO ECN account offers competitive commission rates of $2 per side for eligible clients, though this account requires qualification as a wholesale client or a $10,000 minimum deposit, depending on the regulatory entity.
In summary, Saxo ranks higher in commissions and fees, holding the 9th spot out of 62 brokers, compared to Vantage, which ranks 19th. Both brokers offer tier-based account upgrades, but Saxo provides more compelling pricing advantages for its premium accounts, making it an attractive choice for elite and high-volume traders. Conversely, Vantage presents a flexible structure with rebate incentives for active traders, though it remains less competitive in pricing when directly compared to Saxo.
| 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 investment offerings of Saxo and Vantage, you'll notice clear distinctions in the breadth of options available. Saxo is a strong contender for those seeking a wide array of trading choices, providing access to an impressive 70,000 tradeable symbols, including 190 forex pairs. Saxo allows investors to dive into both CFD and spot forex trading, along with the opportunity to purchase shares on both U.S. and international exchanges for companies like Apple and Vodafone. Additionally, Saxo supports copy trading and offers cryptocurrency derivatives, appealing to a broad range of investment strategies. With a stellar 5-star rating for its range of investments, Saxo stands third out of 62 brokers, according to ForexBrokers.com.
In contrast, Vantage presents a more limited selection, offering 1,000 tradeable symbols and 61 forex pairs. They do provide forex trading as CFDs or spot contracts and have options for copy trading and cryptocurrency derivatives. However, Vantage lacks the ability to trade actual non-CFD securities on U.S. or international exchanges, limiting direct access to stocks like Apple or Vodafone. Rated 3.5 stars for its investment range and ranked 50th by ForexBrokers.com, Vantage may suit traders with more focused needs but doesn't offer the extensive portfolio diversity found with Saxo.
| 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 provide comprehensive options including simulated trading with free virtual demo accounts and proprietary platforms developed in-house. For those using Windows-based systems, each offers downloadable platforms alongside web-based alternatives, allowing flexibility for web browser access. Both Saxo and Vantage support copy trading, but when it comes to specific platform integration, Vantage provides MetaTrader 4 and MetaTrader 5, whereas Saxo does not. Vantage also supports DupliTrade while neither offers ZuluTrade integration.
Charting capabilities reveal several distinctions between the brokers, with Saxo providing 20 drawing tools compared to Vantage's 15, and a greater capacity for customizable watch lists featuring 60 fields versus Vantage's 7. While both platforms enable traders to execute trades directly from stock charts, Saxo's trading platforms and tools are rated 5 stars, surpassing Vantage's 4-star rating. Reflecting this, Saxo ranks as the number one trading platform out of 62 brokers according to ForexBrokers.com, whereas Vantage trails behind at rank 21 in the Trading Platforms and Tools category.
| 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.
When comparing the mobile trading apps of Saxo and Vantage, both offer compatibility with iPhone and Android devices. They also provide essential features such as stock and forex price alerts, the ability to draw trendlines, and the option to switch between different time frames on charts. However, Saxo stands out with 64 technical studies available for charting, while Vantage offers 30. Additionally, Saxo allows for watchlist symbol syncing, ensuring seamless updates between your mobile app and online account, a feature absent in Vantage's app. Both brokers let users create watchlists with real-time quotes and auto-save drawings on charts.
Saxo's mobile trading app earns a superior rating of 5 stars, compared to Vantage's 4 stars. This high rating is reflected in Saxo's impressive #2 ranking out of 62 brokers in the Mobile Trading Apps category by ForexBrokers.com. Vantage, on the other hand, holds the #28 position. These rankings underscore Saxo's strong emphasis on providing a superior mobile trading experience, which can be an important deciding factor for traders seeking comprehensive, feature-rich platforms.
| 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 resources for traders at various levels. Saxo and Vantage each offer daily market commentary and supply forex news from prominent sources such as Bloomberg, Reuters, and Dow Jones, ensuring traders stay informed about global developments. Additionally, both brokers provide technical analysis and fundamental research tools from Autochartist. A sentiment-based trading tool is also available at both platforms, allowing users to view the ratio of long or short positions across different currency pairs.
However, there are notable differences between Saxo and Vantage. While Vantage features tools from Trading Central to aid in technical analytics, Saxo does not. Both brokers lack research tools from Acuity Trading and market research from TipRanks. They also provide economic calendars, helping traders stay on top of global economic events. Reflecting their overall research capabilities, Saxo is rated 5 stars and holds the top rank in the Research category out of 62 brokers as per ForexBrokers.com. In contrast, Vantage earns a 4-star rating and ranks #21, making Saxo a preferred choice for comprehensive market research.
| 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 it comes to educational resources for beginners, both Saxo and Vantage provide a well-rounded selection for individuals new to trading Forex and CFDs. Each offers a substantial library of over ten educational articles, videos, and archived webinars centered around these topics. Moreover, they are committed to facilitating continuous learning by hosting at least one online educational webinar per month. For those who can't attend live sessions, both platforms maintain a searchable archive of their recorded webinars, allowing users to learn at their own pace.
In addition to their foundational resources, Saxo and Vantage also cater to various skill levels with beginner and advanced trading videos, each offering over ten videos tailored to the specific needs of their audience. They both include an investor dictionary with definitions covering at least 50 investing terms, aiding newcomers in familiarizing themselves with key financial concepts. Despite these similarities, Saxo holds a slight edge with an education rating of 5 stars, ranked #13 out of 62 brokers, compared to Vantage’s 4-star rating and #24 ranking. This makes Saxo an attractive option for those prioritizing educational quality in their trading broker.
| 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 62 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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