Saxo Bank
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65% of retail CFD accounts lose money.

Vs.

Vantage
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74-89% of retail CFD accounts lose money.

Saxo Bank Vs. Vantage - Compare and Choose the Right One

Updated May 13 2022

Visit

65% of retail CFD accounts lose money.

Visit

74-89% of retail CFD accounts lose money.

Overview

Saxo Bank is a Danish investment bank operating since 1992. It is one of the most regulated brokerages in the world with an exceptional selection of financial instruments.

Vantage is a global broker operating since 2009. Initially based in Australia, Vantage is offering trading in forex, stocks, indices, commodities and cryptocurrencies

Best For
  • Professional investors looking to trade a variety of markets
  • High net worth traders or investors
  • Traders looking to hedge their FX positions (low fees)
  • Social traders looking to connect to popular copying services
  • Traders preferring mobile apps
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

7

Other Licenses

0

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

1

Other Licenses

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • HKMA (Hong Kong)
  • ADGM (United Arab Emirates)
  • FINMA (Switzerland)
  • MAS (Singapore)
  • FFAJ (Japan)
  • AFM (Netherlands)
  • ASIC (Australia)
  • VFSC - (Vanuatu)
  • CIMA (Cayman Islands)
The Good
  • Exceptional selection of financial instruments at one place
  • 2 highly-customizable proprietary trading platforms
  • API integration for 3rd party services like Excel or TradingView
  • Low deposit requirements
  • Low non-trading fees
  • Good educational material, news feed and market analysis
  • Great mobile platform
The Bad
  • High minimum deposit for certain countries
  • Withdrawals via bank transfer only
  • High fees on options and futures
  • High stock CFD fees
  • Not all instruments are available on every trading platform
  • Doesn’t offer ETFs
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
4 Days 1 Day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

📍 Year Founded
1992 2009
💳 Minimum Deposit
From 500 € to 2,000 € depending on residence $, - 200
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Bank Transfer
  • Debit / Credit Card
  • Cryptocurrency
  • Bitwallet
  • FasaPay
  • Neteller
  • Skrill
  • Union Pay
💵 Account Base Currencies
26 - AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, LTL, MXN, MYR, NOK, NZD, PLN, RON, RUB, SEK, SGD, TRY, USD, ZAR 9 - USD, EUR, GBP, AUD, CAD, HKD, NZD, JPY, SGD
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US,BR,ES,IN,KE,MX,NG,PK,ZA AF, AL, AS, AU, BY, BM, BA, BG, BI, CA, CF, CN, HR, CU, ER, GR, GU, IR, IQ, CI, JP, LB, LR, LY, ML, ME, MM, KR, PR, GN, GW, RO, SL, RS, SG, SI, SO, SD, ES, SD, SY, VE, YE
📊 STP Account
Yes No
📊 DMA Account
Yes No
📊 ECN Account
Yes No
Assets
📚 Available Assets
  • Real stocks, ETFs, bonds and options.
  • CFDs on currencies, commodities, stocks, indices, ETFs, cryptocurrencies and bonds.

CFDs on currencies, commodities, indices, stocks and cryptocurrencies.

📙 Stocks
30,000+ 210
📘 Currency Pairs
182 40
📗 Commodities
19 (CFDs) 20
📕 Indices
29 (CFDs) 13
📔 ETFs
5,400+ N/A
💸 Cryptocurrencies
9 6
📒 Bonds
5,000+ N/A
📓 Options
3,000+ N/A
📗 Futures
300+ N/A
📝 Notes:
N/A All of Vantage's assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
N/A 1 Share
📉 Minimum ETFs Trade Size
N/A N/A
📈 Minimum Crypto Trade Size
Varies by Cryptocurrency (eg: 0.01 units of BTC) N/A
📉 Minimum FX Trade Size
$1,000 (0.01 lots) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
N/A

Varies per commodity, 0.01 (1 ounce) for gold,  0.1 lot (250 Lbs) for copper

📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:66 Up to 1:500
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
No Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes (through API) Yes
💻 Proprietary Platform
Yes No
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes Yes
👫 Social Trading
No Yes
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee

Up to $150 after 6 months of inactivity, £25 after one quarter in the UK

No
💰 Deposit Fees
No No
💰 Withdrawal Fees
No

No for all methods, except the bank transfer. First one is free, subsequent in the same month are charged $20 or equivalent depending on the account currency.

💰 Commissions

$0.02/share (min $10) for US Stocks, from 0.10% (min €10) for other equity markets, €4 per futures contract

Yes for ECN accounts -from $6 per lot per round turn
Spreads
📈 EUR/USD
0.8 Pips average - 0.4 for VIPs Dynamic - From 1.4 pips for Standard account, from 0.0 on ECN accounts
📉 SP500
N/A Dynamic - From 30 Pips
📈 GOLD
N/A Dynamic - Average 36 Pips
📉 TSLA (Stock CFD)
N/A Dynamic - Market Spread
📈 XLK (ETF - CFD)
N/A N/A
📉 BTC
N/A N/A
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
Yes No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
No No

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