Written by ForexBrokers.com
In this head to head comparison of Saxo vs VT Markets, 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 online brokers Saxo and VT Markets, there are distinct differences in their trust levels and regulatory achievements. Saxo, founded in 1992, is a bank that has achieved a perfect Trust Score of 99 from ForexBrokers.com. This high score reflects its extensive regulatory oversight with 7 Tier-1 licenses and 1 Tier-2 license. On the other hand, VT Markets, established in 2016, is not a bank and holds a Trust Score of 70, indicating an average risk level with its regulatory standing. It possesses 1 Tier-1 and 1 Tier-2 license, which point to a moderate trust level in comparison to Saxo.
While neither Saxo nor VT Markets are publicly traded, their paths in compliance and regulation mark a noticeable difference in their trustworthiness. Saxo's strong regulatory framework backed by a multitude of licenses positions it as a more secure choice among brokers. Meanwhile, VT Markets, being relatively younger and with fewer regulatory credentials, presents a more average risk profile, appealing to investors willing to weigh these factors in their decision-making process.
| Feature |
Saxo
|
VT Markets
|
|---|---|---|
| Year Founded | 1992 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing the commissions and fees of Saxo and VT Markets, Saxo stands out with its highly competitive pricing, especially for active and high-volume traders, as well as those who maintain large account balances. Saxo offers different account types, including Classic, Platinum, and VIP, with average spreads on the EUR/USD ranging from 1.1 pips for the Classic account to 0.9 pips for the VIP account. Notably, Saxo waives custody fees for share trading if traders opt into securities lending, and despite being commission-free on forex trading, it charges traders who trade less than 50,000 units a month a small ticket-fee. Saxo received 5 stars in commissions and fees and is ranked 9th among 63 brokers by ForexBrokers.com.
In comparison, VT Markets presents two main account options: the Standard STP and Raw ECN accounts. The Standard STP account is commission-free but features higher spreads of about 1.2 pips on the EUR/USD pair. In contrast, the Raw ECN account offers a more competitive effective spread of 0.83 pips, comprising a 0.6 round turn commission and a 0.23 average spread. Both account types have a minimum deposit requirement of just $100. VT Markets earns a 4.5-star rating for its commissions and fees, placing it 20th out of 63 brokers, according to ForexBrokers.com.
Overall, while Saxo provides some of the lowest pricing in the industry for those in higher account tiers and is free of commission for most forex transactions, VT Markets offers accessible options with its low minimum deposit and competitive Raw ECN account. Both brokers cater to different trading needs and preferences, allowing traders to weigh their options based on their specific requirements and trading volumes.
| Feature |
Saxo
|
VT Markets
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.1 | 1.2 |
| All-in Cost EUR/USD - Active | 0.9 | 0.8 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| 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 comparing Saxo and VT Markets for investment opportunities, Saxo clearly stands out with an impressive selection of 70,000 tradeable symbols, dwarfing VT Markets’ offering of 1,000. For forex traders, Saxo offers a larger variety with 190 available forex pairs, whereas VT Markets provides 39 forex pairs. Both platforms facilitate forex trading as CFDs or spot contracts. However, Saxo has the added advantage of allowing clients to purchase exchange-traded securities on U.S. exchanges, which VT Markets does not. Both platforms offer international exchange-traded securities, allowing investors access to global markets.
Saxo and VT Markets both offer copy trading and the option to invest in cryptocurrency derivatives, but not actual cryptocurrencies. In terms of the range of investments, Saxo excels with a 5-star rating and stands 3rd among 63 brokers according to ForexBrokers.com. Meanwhile, VT Markets holds a 3.5-star rating in the same category, ranking 39th. Choosing between these brokers will depend on your investment needs, but Saxo provides more extensive options for a diverse portfolio.
| Feature |
Saxo
|
VT Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 1000 |
| Forex Pairs (Total) | 190 | 39 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| 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 to VT Markets for their trading platforms and tools, both brokers offer simulated trading with free virtual demo accounts, allowing users to practice without financial risk. Saxo shines with its in-house developed proprietary platform, a feature VT Markets lacks. However, both brokers provide a Windows-based desktop download platform and a web-based trading platform that can be accessed via any browser. For those interested in copy trading, both Saxo and VT Markets have options available. However, VT Markets has the edge in offering MetaTrader 4 and MetaTrader 5, while Saxo does not support these platforms.
In terms of enhancing trading with advanced features, Saxo excels by providing 20 drawing tools compared to VT Markets’ 30, but it compensates with a more extensive watch list featuring up to 60 columns. Both brokers allow trading directly from a stock chart. Based on trading platforms and tools, Saxo earns a perfect 5-star rating, ranking as the top choice among 63 brokers on ForexBrokers.com. Meanwhile, VT Markets holds a respectable 4-star rating, positioned at #47 in the same category. This makes Saxo a preferable choice for those seeking comprehensive trading functionality and superior platform features.
| Feature |
Saxo
|
VT Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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 | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 15 |
| Charting - Drawing Tools (Total) | 20 | 30 |
| 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 offered by Saxo and VT Markets, both platforms deliver accessible solutions for traders using iPhone or Android devices. Each app provides stock and forex price alerts, ensures trendline drawing on charts, and supports viewing various time frames like daily or intraday. However, Saxo takes a step further with its seamless watchlist symbol syncing feature, which synchronizes changes made on its mobile app with the online account. This feature is absent in the VT Markets app. Furthermore, Saxo excels in technical studies, offering 64 compared to VT Market's 30, enhancing the depth of analysis traders can perform on-the-go.
In addition, Saxo's mobile app offers an advantage with its auto-save functionality for chart drawings, allowing users to preserve their work effortlessly. Both platforms enable the creation of watchlists with real-time quotes, ensuring that traders stay up-to-date with market movements. In terms of ratings, Saxo’s app receives a perfect 5-star rating for its mobile trading experience and ranks impressively as the 2nd best among 63 brokers, according to ForexBrokers.com. VT Markets maintains a respectable 4-star rating but ranks significantly lower at 44th place. These distinctions highlight Saxo as a leader in delivering a comprehensive and user-friendly mobile trading experience.
| Feature |
Saxo
|
VT Markets
|
|---|---|---|
| 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 | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Saxo and VT Markets both deliver daily market commentary and forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones. While both brokers are equipped with sentiment-based trading tools that show the ratio of long or short positions for various instruments, they offer different technical analysis tools. Saxo users can benefit from the Autochartist tool, which is unavailable at VT Markets. Conversely, VT Markets provides tools from Trading Central, an area where Saxo is lacking.
Both platforms offer an economic calendar for tracking global news events. However, Saxo distinguishes itself with a 5-star research rating from ForexBrokers.com, placing it #1 out of 63 brokers. VT Markets, in comparison, has a 3.5-star rating and ranks #36. This makes Saxo a more favorable choice for those prioritizing comprehensive market research resources.
| Feature |
Saxo
|
VT Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| 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.
For beginners exploring the world of online trading and looking for educational resources, Saxo is a commendable choice. Offering a wide array of over ten educational pieces centered on forex and CFDs, Saxo enhances the learning experience with monthly online webinars. These sessions are archived and searchable, allowing users to revisit and learn at their own pace. Saxo goes a step further by providing more than ten beginner-focused trading videos to guide newcomers. For those seeking to deepen their expertise, Saxo offers over ten advanced trading videos, making it suitable for both novice and seasoned traders. Additionally, Saxo's investor dictionary, featuring definitions of more than 50 investing terms, serves as an easy-to-use reference. With a 5-star rating for its educational content and ranking 13th out of 63 brokers, Saxo sets a strong benchmark for educational support.
VT Markets also presents a range of learning materials for trading beginners, including over ten educational pieces on forex and CFDs and a selection of beginner-targeted educational videos. However, VT Markets lacks the monthly webinar offerings and a searchable archive of past sessions that Saxo provides, which may limit the interactive learning opportunities for their users. While VT Markets does feature an investor dictionary, it falls short in catering to advanced traders with a lack of advanced educational videos. Rated 3.5 out of 5 stars for its educational resources and ranking 55th among 63 brokers, VT Markets presents a modest option for beginners prioritizing basic educational content.
| Feature |
Saxo
|
VT Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| 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 VT Markets. Saxo finished with an overall rank of #3, while VT Markets finished with an overall rank of #44.
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
|
VT Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 70 |
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While both Saxo and VT Markets do not provide options to purchase actual delivered cryptocurrency, they each offer the ability to trade cryptocurrency derivatives.
When comparing online brokers Saxo and VT Markets, neither offers ACH or SEPA transfers, nor PayPal for deposits or withdrawals, but both provide options for Visa, Mastercard, and bank wires, with VT Markets additionally supporting Skrill.
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 | VT Markets | |
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| Trust Score | 99 | 70 | |
| Winner | check_circle | ||
| Review | Saxo Review | VT Markets Review |
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| Regulation | Saxo | VT Markets | |
|---|---|---|---|
| Trust Score | 99 | 70 | |
| Year Founded | 1992 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Saxo | VT Markets | |
|---|---|---|---|
| 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 | No | |
| 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 | VT Markets | |
|---|---|---|---|
| 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 | VT Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 1000 | |
| Forex Pairs (Total) | 190 | 39 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| 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 | VT Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.8 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | VT Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| 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 | VT Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | No | |
| ZuluTrade | No | No |
| Trading Tools | Saxo | VT Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 15 | |
| Charting - Drawing Tools (Total) | 20 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | VT Markets | |
|---|---|---|---|
| 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 | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Saxo | VT Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | VT Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Saxo | VT Markets | |
|---|---|---|---|
| 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 | VT Markets Review |
| Overall | Saxo | VT Markets | |
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| Trust Score | 99 | 70 | |
| Winner | check_circle | ||
| Review | Saxo Review | VT Markets Review |
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