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 account | 1.1 | 1.30 |
| All-in Cost EUR/USD - Active | 0.9 | 0.75 |
| 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.
Saxo offers a much wider range of investments than Vantage. Both brokers let you trade forex as CFDs or spot, but Saxo lists about 71,000 tradeable symbols versus 1,000 at Vantage, and 190 forex pairs compared with Vantage’s 61. Saxo also provides access to exchange-traded securities (not CFDs) on U.S. markets—such as Apple (NASDAQ: AAPL)—and on international exchanges like London for Vodafone, while Vantage does not offer direct share dealing. Both support cryptocurrency CFDs but do not offer delivered crypto. Vantage includes copy trading; Saxo does not.
According to ForexBrokers.com, Saxo scores 5 out of 5 stars for Range of Investments and ranks #3 out of 63 brokers, while Vantage earns 3.5 stars and ranks #51. If you want the widest symbol selection and the ability to buy actual shares across global markets, Saxo stands out; if you prefer a smaller lineup with copy trading, Vantage may fit better.
| 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 check key boxes for traders who want choice and convenience. Each offers a free demo account for paper trading, an in-house proprietary platform, a Windows desktop download, and a web-based platform. Both also let you place orders straight from a chart. The big differences: Vantage supports copy trading and offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Saxo does not. That makes Vantage appealing if you want the MetaTrader ecosystem or to mirror other traders’ strategies, whereas Saxo focuses on its own platform suite.
For overall quality of trading platforms and tools, Saxo earns 5 stars and ranks #1 out of 63 brokers at ForexBrokers.com, while Vantage holds 4 stars and ranks #21. If top-tier, in-house platforms and polished tools are your priority, Saxo stands out. If you prefer MT4/MT5 compatibility and built-in copy trading alongside web and desktop access, Vantage is a strong alternative.
| 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 full-featured mobile trading apps for iPhone and Android, including price alerts to help you track stocks and forex. Where they start to differ is in convenience and charting depth. Saxo syncs watchlists between the app and your online account, while Vantage does not. For charting, Saxo provides 64 technical studies (indicators) compared with Vantage’s 30. Both apps let you draw trendlines on charts and automatically save your drawings.
If you care about ratings and rankings, Saxo earns 5 stars for Mobile Trading Apps and ranks #2 out of 63 brokers at ForexBrokers.com. Vantage scores 4 stars and ranks #29. In short, Saxo is the stronger pick for traders who want deeper analysis tools and seamless watchlist syncing, while Vantage covers the essentials for on-the-go trading.
| 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.
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 (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 and Vantage both make it easy for beginners to learn. Each broker runs ongoing client webinars at least once a month and offers plenty of videos for every stage of the learning curve—including at least 10 beginner videos and 10 advanced videos that cover trading topics like strategy, risk, and market analysis across forex and CFDs. If you prefer a clear learning path with frequent live sessions and lots of on-demand content, either platform will fit the bill.
That said, Saxo has the edge on quality and depth. Saxo earns 5 out of 5 stars for Education and ranks 13th out of 63 brokers in ForexBrokers.com’s Education category, while Vantage scores 4 out of 5 stars and ranks 24th. In short: choose Saxo if top-rated education is a priority; pick Vantage if you want strong learning tools with steady webinars and a large video library.
| 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 #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
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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 (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, 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 | 1.1 | 1.30 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.75 | |
| 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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