Saxo Bank and Vantage FX are top online brokers with excellent trading experiences. Saxo Bank offers premium trading platforms and research data. It follows a transparent fee policy and has top-tier trading tools. Saxo Bank is a registered bank and has trading licenses from the ASIC, MAS, FSA, SFC, FINMA, and FCA. It is a good choice for active traders of all levels of experience.
| Broker Name | Saxo Bank | Vantage FX |
| Year Founded | 1992 | 2009 |
| Regulation | FCA (UK), FINMA (Switzerland), ASIC and FSC (Australia), and JFSA (Japan) | ASIC, FCA |
| Tradable Assets | 40,000 instruments, forex, spot FX, FX options, NDFs) CFDs, stocks, stock options, ETFs, ETNs, futures, and 33,000 bonds (available only via phone) | CFD, Forex |
| Min Deposit | $10,000 (£500) for ‘Classic’ Account, Higher entry ‘Platinum’ ($200K) and ‘VIP’ ($1M) accounts | $200 |
| Min Trade | $0 | $0 |
| Platforms | SaxoTraderGO | MT4, MT5 |
| Deposit | Free of charge | Free of charge |
| Withdrawals | Free of charge | Free of charge |
Vantage FX is one of the leading brokers with excellent mobile apps and educational tools. It offers an active trader discount and a minimum deposit fee of $200. Vantage FX has licenses from the ASIC and FCA. We recommend it for new traders as it has an excellent learning center.
Both brokers have strengths and weaknesses. This article discusses the differences between Saxo Bank and Vantage FX.
Top findings from the Saxo Bank vs. Vantage FX review:
- Saxo Bank is a premium online broker with top-tier services and social trading features.
- Vantage FX is an industry leader in learning and research tools.
- Both brokers offer an active trader discount and a demo account.
We recommend Saxo Bank for experienced active traders, as it offers social trading tools and premium platforms. Vantage FX is a top choice for beginners because of its many tutorials and educational tools.
Overall Rating
Level of experience
Beginner traders prefer Vantage FX over Saxo Bank. Vantage FX has webinars, tutorial guides, and forex education. It is a leading broker for market analysis, research, and third-party content. This broker offers social trading tools.
Saxo Bank offers premium tools and trading platforms. It has advanced trading videos and many research tools. Saxo Bank has some beginner-friendly tools, including training videos and webinars.
Fees
Saxo Bank has a high minimum deposit fee of US$10,000, while Vantage FX has an initial deposit of US$200. Both brokers offer an active trader discount.
Assets
Saxo Bank has 170 forex currency pairs, while Vantage FX has 44 available fairs. Saxo Bank provides access to 9000 CFDs, while Vantage FX has 260 available CFDs.
Trading platform
Saxo Bank has a comprehensive portfolio with premium web, desktop, and mobile platforms. It provides a virtual trading account and reliable research tools. Saxo Bank is a popular broker because of its social trading services. We recommend it for active traders of all levels of experience.
Vantage FX stands out from other MetaTrader-only brokers as it has many compatible 3rd party platforms. It offers the full MetaTrader suite with SmartTrader tools. Vantage FX has social trading and educational tools. It is a top choice for new traders, as it offers a demo account and tutorial guides.
Banking services
Banking services are helpful to traders of all levels of experience. Saxo Bank is a registered bank and offers full banking services to its clients. It has bank wire and credit/debit card funding options. Vantage FX offers bank wire and Skrill as funding options for your trading account. Vantage FX does not provide banking services.
Final verdict
Saxo Bank and Vantage FX are top online brokers. Both have strengths and weaknesses, depending on your skills and trading experience. Saxo Bank is a top choice for active professional traders, as it has many premium tools. We recommend Vantage FX to new traders because of its competitive prices and learning tools.
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Methodology
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.
Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.
Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.
Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.
Disclosure
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
