Valutrades
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82% of retail CFD accounts lose money.

Vs.

Saxo Bank
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69% of retail CFD accounts lose money.

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

Updated Jul 12 2022

Visit

82% of retail CFD accounts lose money.

Visit

69% of retail CFD accounts lose money.

Overview

Established in 2012, Valutrades offers 70 plus currencies pairs, commodities and indices trading for beginner and advanced traders through its MT4, MT5 and ECN accounts. It doesn’t offer equities trading.

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.

Best For
  • Currency traders looking for an ECN broker
  • Professional currency traders looking for an API offering
  • Traders looking for a narrow range of commodities, cryptocurrencies 
  • Professional investors looking to trade a variety of markets
  • High net worth traders or investors
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

1

Other Licenses

1

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

7

Other Licenses

0

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • FSAS (Seychelles)
  • FCA (UK)
  • ASIC (Australia)
  • HKMA (Hong Kong)
  • ADGM (United Arab Emirates)
  • FINMA (Switzerland)
  • MAS (Singapore)
  • FFAJ (Japan)
  • AFM (Netherlands)
The Good
  • Scalping is allowed (great for professional traders)
  • Competitive commissions of $3 per lot round turn
  • Access to ECN or DMA accounts 
  • Exceptional selection of financial instruments at one place
  • 2 highly-customizable proprietary trading platforms
  • API integration for 3rd party services like Excel or TradingView
The Bad
  • Asset offering is poor (only 80 instruments and no stocks or ETFs)
  • Doesn’t have its on trading application
  • High minimum deposit for certain countries
  • Withdrawals via bank transfer only
  • High fees on options and futures
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

Key Data
⌛ Account Opening Time
1 Day 4 Days
📋 Documents Required
  • Valid identity documents (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
2012 1992
💳 Minimum Deposit
0 From 500 € to 2,000 € depending on residence
💰 Payment Methods
  • Visa
  • Mastercard
  • Maestro
  • American Express
  • AstroPay
  • Diners
  • SticPay
  • PayPal
  • Skrill
  • Neteller e-wallets
  • Wire transfers
  • Giropay
  • iDEAL
  • JCB
  • Klarna
  • POLiPaysafecard
  • Przelwy24
  • Rapid Transfer
  • AliPay
  • Visa
  • Mastercard
  • Bank Transfer
💵 Account Base Currencies
13 - AUD, CAD, CHF, EUR, GBP, HKD, JPY, NOK, NZD,SGD, SEK, USD, ZAR 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
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, IR, SY US,BR,ES,IN,KE,MX,NG,PK,ZA
📊 STP Account
No Yes
📊 DMA Account
Yes Yes
📊 ECN Account
Yes Yes
Assets
📚 Available Assets

CFDs on currencies, commodities, indices and cryptocurrencies

  • Real stocks, ETFs, bonds and options.
  • CFDs on currencies, commodities, stocks, indices, ETFs, cryptocurrencies and bonds.
📙 Stocks
N/A 30,000+
📘 Currency Pairs
73 182
📗 Commodities
5 19 (CFDs)
📕 Indices
25 29 (CFDs)
📔 ETFs
N/A 5,400+
💸 Cryptocurrencies
4 9
📒 Bonds
N/A 5,000+
📓 Options
N/A 3,000+
📗 Futures
46 300+
📝 Notes:

All of Valutrades assets are CFDs.

N/A
Trading Experience
📈 Minimum Stock Trade Size
N/A N/A
📉 Minimum ETFs Trade Size
N/A N/A
📈 Minimum Crypto Trade Size
Varies per cryptocurrency (eg: 0.01 BTC) Varies by Cryptocurrency (eg: 0.01 units of BTC)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) $1,000 (0.01 lots)
📈 Minimum Commodities Trade Size
Varies per commodity (eg: 0.01 Contracts of Gold) N/A
📉 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 1:500 Up to 1:66
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes Yes
📱 IOS App
No Yes
📱 Android App
No Yes
📺 MetaTrader 4
Yes No
📺 MetaTrader 5
Yes No
💻 Web trader
Yes Yes
💻 TradingView Platform
No Yes (through API)
💻 Proprietary Platform
No Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes Yes
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee
No

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

💰 Deposit Fees
No No
💰 Withdrawal Fees

Three free withdrawals a month, then 5% processing fee

No
💰 Commissions

Yes (Eg: Forex commission of $3 per side with ECN account)

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

Spreads
📈 EUR/USD
Dynamic - From 0.1 Pips 0.8 Pips average - 0.4 for VIPs
📉 SP500
Dynamic - From 34 Pips N/A
📈 GOLD
Dynamic - From 22 Pips N/A
📉 TSLA (Stock CFD)
N/A N/A
📈 XLK (ETF - CFD)
N/A N/A
📉 BTC
Dynamic - From $90 N/A
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No Yes
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No No