Home Brokers comparison Saxo Bank vs. VT Markets

Saxo Bank vs. VT Markets

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Saxo Bank and VT Markets are leading online brokers with top-tier licenses. Saxo Bank has premium trading platforms and research tools. It follows a transparent fee structure and offers trading discounts. Saxo Bank has licenses from the SFC, ASIC, FSA, MAS, FINMA, and FCA. We recommend it for active traders of all levels of experience. 

Broker NameSaxo Bank VT Markets
Year Founded19922016
RegulationFCA (UK), FINMA (Switzerland), ASIC and FSC (Australia), and JFSA (Japan)ASIC, FCA
Tradable Assets40,000 instruments, forex, spot FX, FX options, NDFs) CFDs, stocks, stock options, ETFs, ETNs, futures, and 33,000 bonds (available only via phone)Forex, CFDs
Min Deposit$10,000 (£500) for ‘Classic’ Account, Higher entry ‘Platinum’ ($200K) and ‘VIP’ ($1M) accounts$200
Min Trade$0$0
PlatformsSaxoTraderGOWeb, Desktop, Mobile, MT4
DepositFree of chargeFree of charge
WithdrawalsFree of chargeFree of charge

VT Markets is a MetaTrader4 broker with premium tools from Trading Central. It has top-tier licenses from the ASIC and FCA. VT Markets offers an excellent learning center on its website. We recommend it for both beginner and experienced traders because of its impressive offer. 

Both brokers have strengths and weaknesses. This article discusses the main differences between Saxo Bank and VT Markets. 

Top findings from the Saxo Bank vs. VT Markets review:  

  1. Saxo Bank is a premium broker with excellent social trading features. 
  1. VT Markets is an online broker with useful learning tools for new traders. 
  1. Both brokers offer a virtual trading account to test their offering. 

We recommend Saxo Bank to all traders who want reliable trading tools. However, VT Markets is a better choice for new traders as it has a dedicated learning center. 

Overall Rating

FeatureSaxo BankVT Markets
Overall53.5
Commissions & Fees54
Offering of Investments53
Platforms & Tools53
Mobile Trading53
Research53.5
Education42.5
Trust Score9979
WinnerYES

Level of experience  

Both brokers provide reliable tools for new traders. Saxo Bank has many educational and market data, useful for advanced traders. It offers webinars, tutorials, and premium information. 

VT Markets is an online broker with reliable educational and research tools for beginners. It offers access to Trading Central and an investor dictionary. This broker has ZuluTrade and a demo account. 

Fees  

Saxo Bank has a high minimum deposit fee of US$10,000. VT Markets charges $200 for creating new accounts. The average EUR/USD spread at Saxo Bank is 0.8, while at VT Markets is 1.3. Saxo Bank offers an active trader discount, while VT Markets doesn’t. 

Assets  

Saxo Bank has 170 forex currency pairs, while VT Markets has 38 available pairs. Saxo Bank provides access to 9000 CFDs, while VT Markets has 129 available CFDs. 

Trading platform  

Saxo Bank has a premium desktop, web, and mobile trading platforms. These come with excellent research tools and a virtual trading account. Saxo Bank offers MetaTrader4 and social trading. It is a good choice for traders of all levels of experience. Saxo Bank has a higher initial deposit than competitor brokers. The trading fees at Saxo Bank are lower than competitor brokers. 

VT Markets is an online broker with access to the MT4 suite. It offers a dedicated learning center, including a demo account. VT Markets is an excellent choice for traders of all levels of experience because of its impressive tools and easy-to-learn features. 

Banking services  

Banking services are vital for an seamless online trading experience. Saxo Bank is a fully featured bank and offers bank transfers and credit/debit cards as funding options for its clients. VT Markets has 4 funding options, including bank transfers, credit/debit, and Skrill. 

Final verdict  

Saxo Bank and VT Markets are leading online brokers. Both have advantages and disadvantages depending on your trading needs and experience. We recommend Saxo Bank to active traders who want a VIP trading experience. VT Markets is a better choice for beginners because of its learning tools and competitive prices. 

Saxo Bank compared to other brokers:


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.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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