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Do you want to know which is the better broker between Saxo and Vantage ?
In the table below, you can compare the features of Saxo , Vantage side by side to determine the best fit for your needs.
EURUSD: -0.4
XAUUSD: 1.8
Long: -5.36
Short: 2.47
Long: -30.8
Short: 18.9
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of saxo, vantage-fx lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Saxo Review Summary in 10 Points | |
Founded | 1992 |
Headquarters | Hellerup, Denmark |
Regulation | ASIC, FCA, FSA, SFC, BDF, CONSOB, FINMA, MAS |
Market Instruments | Forex, stocks, futures, options, bonds, ETFs and CFDs |
Demo Account | Available |
Leverage | 1:100 |
EUR/USD Spread | 0.4 pips |
Trading Platforms | SaxoInvestor, SaxoTraderGO, SaxoTraderPRO |
Minimum deposit | HKD10,000 |
Customer Support | 24/5 phone, email |
Saxo is a Danish investment bank founded in 1992. It provides online trading and investment services in multiple assets, including stocks, bonds, forex, options, futures, and CFDs, through its proprietary trading platforms. The bank operates in over 100 countries and has offices in major financial centers worldwide, including Copenhagen, London, Singapore, and Tokyo. Saxo Bank is regulated by several financial authorities, including the Danish Financial Supervisory Authority, the UK Financial Conduct Authority, and the Monetary Authority of Singapore. The bank also has a banking license and is a member of the Danish guarantee fund for depositors and investors.
Saxo is a multi-asset broker that offers access to a wide range of financial instruments, including forex, stocks, bonds, ETFs, futures, options, and more. The broker provides trading services through its advanced trading platforms and caters to both retail and institutional clients. Saxo operates as a hybrid broker, offering both direct market access (DMA) and market making services.
Saxo is a well-established and reputable broker with a range of trading platforms, instruments, and research tools.
However, the broker's high fees, minimum deposit requirement, and lack of negative balance protection may not be suitable for all traders. Additionally, some users have reported poor customer service experiences.
Pros | Cons |
• Wide range of financial instruments available | • High minimum deposit requirement |
• Access to multiple markets and exchanges | • Fees and commissions may be higher than competitors |
• User-friendly trading platforms | • Inactivity fee for dormant accounts |
• Advanced trading tools and research | • Limited educational resources |
• Regulated by top-tier financial authorities | • Limited customer support options |
Overall, it is important for traders to carefully consider their own needs and preferences before choosing Saxo or any other broker.
There are many alternative brokers to Saxo, each with their own unique features and benefits. Some popular alternatives include:
Interactive Brokers: A well-established broker with a wide range of trading instruments and low commissions.
TD Ameritrade: Offers a powerful trading platform and a variety of educational resources.
E*TRADE: A popular broker with a user-friendly platform and no account minimums.
IG: A global leader in online trading, offering a wide range of markets and advanced trading tools.
Plus500: A broker known for its user-friendly platform and tight spreads.
Ultimately, the best alternative broker for you will depend on your specific trading needs and preferences. It's important to research and compare different brokers to find the one that best fits your individual needs.
Saxo is a legitimate and reputable broker with a long track record of providing reliable trading services. It is regulated by top-tier financial authorities such as the Financial Conduct Authority (FCA) in the UK and the Danish Financial Supervisory Authority (DFSA). Additionally, Saxo is a member of several investor protection funds, such as the Financial Services Compensation Scheme (FSCS) in the UK, which protects clients' funds up to a certain amount in case of the broker's insolvency. Therefore, based on its regulation and investor protection measures, Saxo can be considered a legitimate broker.
Saxo is a regulated broker, with licenses from multiple reputable regulatory authorities and a long-standing history of providing financial services. The broker takes extensive measures to protect client funds, including segregating them from the company's assets and offering negative balance protection.
Additionally, Saxo offers various security features, such as two-factor authentication and encryption, to ensure secure trading.
More details can be found in the table below:
Security Measures | Description |
Regulation | FSA, FINMA, FCA, ASIC, DFSA |
Segregated Accounts | Client funds are held in segregated bank accounts to protect them in case of insolvency. |
Two-Factor Authentication | As an extra layer of security for client accounts |
SSL Encryption | The Saxo website and platform are secured with SSL encryption to protect user data |
Investor Compensation Scheme | A member of the Danish Investor Compensation Scheme, which provides additional protection to clients in case of insolvency |
It's important to note that while these measures provide some level of protection for clients, there is always some level of risk involved in trading financial instruments, and clients should always be aware of the risks before making any trades.
Based on the information available, Saxo appears to be a reliable and trustworthy broker. It is regulated by reputable authorities, has been in operation for several years. However, we also find that some users complain about their bad experience with Saxo. Take care!
Saxo offers a wide range of trading instruments across multiple asset classes, including
Forex: More than 180 currency pairs, including majors, minors, and exotics.
Stocks: Over 40,000 stocks from 36 global exchanges, including NYSE, NASDAQ, LSE, and more.
Futures: Over 200 futures and options across a variety of asset classes such as commodities, indices, and bonds.
Options: A wide range of options on stocks, indices, and futures.
Bonds: Trade a wide range of government and corporate bonds, including sovereign bonds from developed and emerging markets.
ETFs and CFDs: Access to over 3,000 ETFs and CFDs on indices, commodities, and stocks.
Saxo offers a range of account types designed to suit the different needs of its clients. The account types offered by Saxo are:
Classic Account: A traditional account with minimum funding of HKD10,000, which offers a range of trading tools and resources.
Platinum Account: A premium account for high-net-worth individuals, with a minimum funding requirement of HKD 1,500,000.
VIP Account: An exclusive account for ultra-high-net-worth individuals, with a minimum funding requirement of HKD 8,000,000.
Islamic Account: A Sharia-compliant account for clients who follow Islamic finance principles.
Corporate Account: An account for companies, partnerships, and other legal entities.
Joint Account: An account for two or more individuals who want to trade together.
Each account type has its own unique features and benefits, such as lower pricing, higher leverage, and dedicated account managers. Saxo also offers a free demo account for clients to practice trading before committing to a live account.
It takes only about five minutes and a short online form to open an account. Clients will need to submit the standard verification documents required by KYC and AML rules, but the procedure should be quick and easy, and they will have access to their account in minutes.
Saxo offers leverage up to 1:100 for forex trading. Professional clients are entitled to leverage of 1:40 for the primary index, 1:33 for the secondary index, 1:33 for gold, 1:10 for equities, and 1:25 for commodities. Retail clients are entitled to leverage of 1:20 for the primary index, 1:10 for the secondary index, 1:20 for gold, 1:5 for equities and 1:10 for commodities.
However, the maximum leverage may vary depending on the instrument being traded and the client's location. It is important to note that trading with high leverage carries a higher level of risk, and traders should always exercise caution and use risk management strategies.
Saxo offers variable spreads, which means that the spreads can change depending on market conditions. The typical minimum spreads for popular instruments are as follows:
EUR/USD: 0.4 pips
USD/JPY: 0.6 pips
GBP/USD: 0.9 pips
AUD/USD: 0.6 pips
USD/CHF: 1.2 pips
USD/CAD: 1.5 pips
Saxo also charges commissions on some products, including stocks, ETFs, and futures. The commission fees vary depending on the specific market and the size of the trade. Commissions start at $3 per share for equities, as low as $0.85 per lot for commodities, and $3 per share for ETFs. Futures commissions start as low as $0.85 per lot, bonds commissions start at 0.05%, listed options commissions start as low as $1.25 per lot, and mutual funds commissions are $0 for custody and platform fees.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission per lot |
Saxo | 0.4 pips | $3 |
Interactive Brokers | 0.1 pips | $2 |
TD Ameritrade | 0.7 pips | free |
E*TRADE | 1.0 pips | free |
IG | 0.75 pips | free |
Plus500 | 0.8 pips | free |
Please note that commission rates may vary depending on the specific account type and trading volume. Additionally, some brokers may offer different spreads and commissions for other currency pairs or financial instruments. It's important to do your own research and carefully consider the costs and fees of each broker before making a decision.
Saxo offers its own proprietary trading platform called SaxoTraderGO. It is a web-based platform that can be accessed from any device with an internet connection. In addition to SaxoTraderGO, Saxo also offers SaxoTraderPRO, a desktop-based trading platform that is designed for advanced traders who require additional functionality.
SaxoTraderGO is highly customizable, allowing traders to arrange the interface to suit their preferences. It provides access to a wide range of trading tools and features, including charting tools, technical analysis indicators, and news feeds. The platform also includes a comprehensive range of order types, including market, limit, stop, and trailing stop orders.
SaxoTraderPRO is a professional-grade trading platform that offers advanced trading tools and features. It is designed for active traders and includes a range of tools that allow traders to monitor multiple markets and instruments simultaneously. The platform also includes advanced charting tools and a range of order types, including conditional orders and algorithmic trading capabilities.
Saxo also offers SaxoInvestor, which is a user-friendly trading platform suitable for beginner investors who are interested in a wide range of asset classes. It provides a simple and intuitive interface with basic research tools and features, making it easy for investors to buy and sell stocks, ETFs, bonds, and mutual funds. However, advanced traders may find the platform's lack of advanced tools and customization options limiting.
Overall, Saxo's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:
Broker | Trading Platform |
Saxo | SaxoTraderGO, SaxoTraderPRO, SaxoInvestor |
Interactive Brokers | Trader Workstation, WebTrader, IBKR Mobile |
TD Ameritrade | Thinkorswim, Web Platform, TD Ameritrade Mobile App |
E*TRADE | Power E*TRADE, E*TRADE Web, E*TRADE Mobile |
IG | IG Trading Platform, IG Web Platform, IG Trading App |
Plus500 | Plus500 WebTrader, Plus500 Mobile App |
Saxo Bank supports several deposit and withdrawal methods, including Visa, MasterCard, Visa Debit, Visa Electron, MasterCard Debit, Maestro (for UK residents), Visa Dankort (for Denmark residents), Carte Bleue (for France residents). The company does not charge any fees for deposits and withdrawals, but if an investor makes a withdrawal request via manual withdrawal, a processing fee of 40 EUR will be charged.
Saxo has different minimum deposit requirements depending on the type of account you open and your country of residence. For example, the minimum deposit for the Classic account is HKD10,000.
However, these amounts can vary depending on your location and the specific account type. It's important to check with Saxo directly or on their website for the most up-to-date information on minimum deposit requirements.
Saxo | Most other | |
Minimum Deposit | HKD10,000 | $100 |
To withdraw funds from your Saxo account, you need to follow these steps:
Step 1: Log in to your Saxo account using your credentials.
Step 2: Click on the “Account” tab located on the top right corner of the screen.
Step 3: Click on “Withdraw Funds” from the account menu options.
Step 4: Select the account you wish to withdraw funds from, enter the amount you want to withdraw, and select the currency you want to withdraw in.
Step 5: Choose the preferred withdrawal method from the available options and provide the necessary details such as bank account information or credit/debit card information.
Step 6: Review the details of your withdrawal request and click on “Submit.”
Note that Saxo may require additional verification or documentation before processing your withdrawal request. The processing time for withdrawals may vary depending on the chosen method and your bank's processing time.
Swap costs, sometimes called overnight fees, are assessed on overnight open positions at Saxo Bank. These are expressed as interest and, depending on the trader's position, might be either charged to or credited to his or her account.
Traders of the Muslim faith, for whom the payment of interest is forbidden, are out of luck with Saxo Bank because they don't have the option of opening an Islamic account. With the wide variety of deposit currencies offered by Saxo Bank, customers will have a decreased chance of incurring conversion fees.
Amounts credited to your account are converted from their original currency at the mid-point FX Spot rate plus/minus the margins and spreads indicated below. This includes both trading fees and profits/losses incurred as a result of your trading activities.
Fees for account inactivity are also a reality for inactive accounts. After the initial six months, the rate increased to $150, which is quite a bit.
See the fee comparison table below:
Broker | Deposit Fee | Withdrawal Fee | Inactivity Fee |
Saxo | Free | Free | $150 after six months of inactivity |
Interactive Brokers | Free | $0-$10 | $20/month if account balance < $2,000 |
TD Ameritrade | Free | Free | Free |
E*TRADE | Free | $0-$25 | Free |
IG | Free | Free | $18/month after 24 months of inactivity |
Plus500 | Free | Free | $10/month after 3 months of inactivity |
Saxo provides customer support through several channels, including phone, email, and social media (Facebook, LinkedIn, Twitter and YouTube). The broker offers 24/5 customer service in multiple languages, including English, Chinese, French, German, Italian, Japanese, Portuguese, and Spanish.
Saxo also provides a comprehensive help center on its website that includes an extensive knowledge base, FAQs, trading guides, and video tutorials. The broker's customer service is generally considered to be of high quality, with knowledgeable representatives who are responsive and helpful.
Pros | Cons |
• 24/5 customer service through multiple channels | • No 24/7 support service |
• Dedicated support for VIP clients | • Phone support may have long wait times |
• Extensive FAQ section on the website | • No dedicated account manager for non-VIP clients |
• Personalized support for complex trading needs | • No local offices in some countries |
• Multilingual support available for non-English users |
Note: These pros and cons are subjective and may vary depending on the individual's experience with Saxo's customer service.
Saxo Bank provides excellent market research in addition to a wealth of instructional resources like video courses, webinars, and events. Saxo Bank's SaxoStrats Experts group consists of eight analysts and strategists who are tasked with providing coverage of the various asset classes available to customers. It's apparent that this broker places a high value on its research team and recognizes the significance of this service, both for its clients and as a global investment bank. The classes are a wonderful way for newcomers to get their feet wet and become acquainted with the resources that are at their disposal. Videos are easy to follow and understand, helping novice traders quickly get up to speed and lay a solid groundwork from which to expand their knowledge. Saxo Bank specialists will be hosting webinars.
In conclusion, Saxo is a well-established broker. The broker offers a wide range of trading instruments, including forex, stocks, options, futures, and CFDs, and provides access to various markets worldwide. Saxo also offers an advanced trading platform and a user-friendly mobile app, making it easy for traders to access the markets on the go.
While Saxo has some of the highest fees in the industry, the broker's competitive spreads and tight execution make it a popular choice for traders. Additionally, Saxo's robust educational resources and customer support make it an ideal choice for traders of all skill levels who want to improve their knowledge and skills in trading.
Overall, Saxo is a multi-asset broker that offers a comprehensive suite of trading tools and services to help traders achieve their investment goals. However, potential clients should carefully consider the fees and minimum deposit requirements before opening an account. Also, dont forget check their user reviews on the Internet.
Q 1: | Is Saxo regulated? |
A 1: | Yes. It is regulated by ASIC, FCA, FSA, SFC, BDF, CONSOB, FINMA, MAS. |
Q 2: | Does Saxo offer demo accounts? |
A 2: | Yes. |
Q 3: | Does Saxo offer the industry-standard MT4 & MT5? |
A 3: | No. Instead, it offers SaxoInvestor, SaxoTraderGO, and SaxoTraderPRO. |
Q 4: | What is the minimum deposit for Saxo? |
A 4: | The minimum initial deposit to open an account isHKD10,000. |
Q 5: | Is Saxo a good broker for beginners? |
A 5: | Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions. Also, it offers demo accounts that allow traders to practice trading without risking any real money. |
Vantage Review Summary in 10 Points | |
Founded | 2009 |
Headquarters | Sydney, Australia |
Regulation | ASIC, FCA |
Market Instruments | Forex, Indices, Precious Metals, Soft Commodities, Energy, ETFs, Share CFDs, Bonds |
Demo Account | Available |
Leverage | 500:1 |
EUR/USD Spread | From 1.0 pips |
Trading Platforms | MT4, MT5 |
Minimum deposit | $50 |
Customer Support | 24/7 live chat, phone, email |
Vantage is an online forex broker that offers trading services for individuals and institutions around the world. The company was founded in 2009 and is headquartered in Australia, with additional offices in the United Kingdom, Cayman Islands, and China. Vantage provides a variety of trading instruments, including forex, commodities, indices, and cryptocurrencies, and offers multiple trading platforms, such as MetaTrader4 and5. The broker also provides a range of educational resources and customer support services to help traders of all levels make informed trading decisions.
Vantage offers a good selection of trading instruments, competitive spreads, and multiple trading platforms. The broker is also well-regulated and offers a high level of security for client funds.
On the downside, some traders have reported issues with order execution and withdrawals. Additionally, some trading platforms may not be available to all clients based on their country of residence.
Pros | Cons |
• Wide range of trading instruments | • Too many complaints about withdrawals from clients |
• Low minimum deposit requirement | • No Canada, China, Romania, Singapore, the United States clients allowed |
• User-friendly trading platforms | |
• Regulated by multiple top-tier authorities | |
• Negative balance protection for clients |
Note: This table is not exhaustive and there may be other pros and cons of Vantage depending on individual experiences and preferences.
There are many alternative brokers to Vantage depending on the specific needs and preferences of the trader. Some popular options include:
Admiral Markets: An online trading platform offering a range of financial instruments, including forex, stocks, and commodities.
AvaTrade: A regulated forex broker that provides trading services to clients worldwide, with a range of trading platforms and instruments available.
Plus500: An online trading platform that offers CFD trading on various financial instruments, including forex, cryptocurrencies, and stocks, with a user-friendly interface and competitive spreads.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
Based on the available information, Vantage appears to be a reliable broker. It is regulated by top-tier authorities including ASIC and the FCA, offers negative balance protection, ensuring clients cannot lose more than their account balance. Vantage also has a range of trading platforms and tools, as well as competitive fees and spreads. However, there have been some negative reviews regarding customer service and the withdrawal process. Overall, it is important for individuals to conduct their own research and due diligence before deciding to use Vantage or any other broker.
Vantage provides a diverse range of trading instruments to cater to the different trading needs of its clients. It offers trading in major, minor, and exotic forex currency pairs, as well as popular indices, such as S&P 500, NASDAQ, and Dow Jones. In addition, Vantage also offers trading in precious metals, including gold and silver, soft commodities, such as coffee, sugar, and wheat, and energy products, including crude oil and natural gas. Clients can also trade Exchange Traded Funds (ETFs), share CFDs, and bonds. With this variety of instruments, traders can diversify their portfolio and capitalize on different market opportunities.
Vantage offers three tiered trading accounts to satisfy different traders trading needs. Standard STP account is for novice traders who want direct market access with no commissions applied. Raw and Pro ECN accounts are designed for experienced traders who pursue high liquidity and ultra-low spreads. To open a Standard STP or Raw ECN account, you need $50, while Pro ECN account is designed for traders with high volume, which requires an account opening amount of $10,000. It also offers unlimited demo accounts.
Vantage offers the maximum trading leverage of up to 500:1, a generous offering, ideal for professionals and scalpers. However, inexperienced traders are advised not to use such a high leverage level in case of heavy fund losses.
When it comes to the core part of the forex trading spread, it varies depending on the account type. The spread in the Standard STP account starts from 1.0 pips with no additional commissions. The spreads in the Raw and Pro ECN accounts start from 0.0 pips, but with additional commissions required, from $3 per lot per side and from $1.5 per lot per side respectively.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
Vantage | 1.0 pips | $0 |
Admiral Markets | 0.5 pips | $0 |
AvaTrade | 0.9 pips | $0 |
Plus500 | 0.6 pips | $0 |
Please note that the spread and commission may vary depending on the account type and trading platform used.
Vantage offers traders the most popular online forex trading terminals on the market- MT4 and MT5 trading platforms. MT4 trading platform from VANTAGE FX comes with a wide range of powerful chart types and supports desktop, web, and mobile devices, etc. MT5 offers a full suite of trading needs, including forex, commodities, and indices, with all quotes from liquidity providers at your fingertips. MT5's two account types (Equity and Hedge) make it easier for traders to manage their accounts in the way they want.
Overall, Vantage's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders.
See the trading platform comparison table below:
Broker | Trading Platform |
Vantage | MetaTrader4, MetaTrader5 |
Admiral Markets | MetaTrader4, MetaTrader5, Admiral Markets Web Trader |
AvaTrade | MetaTrader4, AvaTradeGO, AvaOptions, DupliTrade |
Plus500 | Plus500 WebTrader, Plus500 Windows Trader |
Note: The table only includes some of the available trading platforms for each broker.
Vantage offers a range of trading tools to assist traders in making informed trading decisions. These tools include market news and analysis, an economic calendar, sentiment indicators, smart trader tools for the MT4 and MT5 platforms, a range of calculators, Forex VPS, TradingView, trading signals, PRO Trader Tools, and PRO Trader Tutorials. These tools provide traders with comprehensive market insights and analysis to help them identify profitable trading opportunities. Additionally, the PRO Trader Tools offer advanced features such as trade management, sentiment analysis, and correlation matrix, making it an attractive option for professional traders looking for sophisticated trading tools.
Vantage offers several flexible payment options, consisting of Domestic EFT, Domestic Express Transfer (Australia only), International EFT, credit/debit cards of Visa/MasterCard, JCB, China UnionPay, Neteller, Skrill, AstroPay, Broker-to-Broker Transfer, FasaPay, and Thailand Instant Bank Wire Transfer.
Before submitting a withdrawal request, please ensure that the requested amount is equal to or above the minimum required amount for each withdrawal method shown in the table below. Otherwise, you may need to top up your account balance to or above the suggested minimum before withdrawing.
The broker does not charge any internal fees for any deposits and withdrawals. However, outgoing and incoming deposits from foreign banking institutions may be subject to brokerage fees for either party. These fees are not controlled by Vantage, and the user is responsible for the costs incurred.
AUD – Dollars, USD – United States Dollar, EUR – Euro, GBP – British Pound Sterling, NZD – New Zealand Dollar, SGD – Singapore Dollar, JPY – Japanese Yen, CAD – Canadian Dollar
Vantage | Most other | |
Minimum Deposit | $50 | $100 |
To withdraw funds, clients need to log in to their Vantage account and go to the “Withdrawal” section. From there, they can select the withdrawal method and follow the instructions provided. Withdrawal requests are typically processed within one business day, and the time it takes for the funds to reach the client's account depends on the withdrawal method used.
Vantage also charges an inactivity fee of $50 per quarter for accounts that have been inactive for 6 months or more. There are no deposit or withdrawal fees, but clients may incur charges from their payment provider.
See the fee comparison table below:
Broker | Deposit Fee | Withdrawal Fee | Inactivity Fee |
Vantage | Free | Free | $50 per quarter after 6 months of inactivity |
Admiral Markets | Free | Free for one withdrawal per month, fees for additional withdrawals apply | No |
AvaTrade | Free | Free for one withdrawal per month, fees for additional withdrawals apply | $50 per quarter after 3 months of inactivity |
Plus500 | Free | Free | $10 per quarter after 3 months of inactivity (up to $40) |
Note that the withdrawal fees for Vantage and Admiral Markets may vary depending on the withdrawal method chosen. It's important to check with each broker for the most up-to-date information on fees.
Vantage offers customer support 24/7 through various channels such as email, live chat, and phone. They also provide a comprehensive FAQ section on their website to answer common queries. Moreover, they are also some social media platforms, including Twitter, Facebook, Instagram, YouTube and LinkedIn.
Overall, their customer service is efficient and responsive, with quick response times and helpful support agents.
Pros | Cons |
• 24/7 customer support via live chat, email, and phone | • No dedicated account manager for all account types |
• Knowledgeable and helpful customer service representatives | |
• Fast response times to customer inquiries |
Note: These are general observations and experiences may vary depending on individual cases and circumstances.
Vantage provides educational resources to its clients to help them improve their trading skills and knowledge. These educational resources include articles, webinars, and guides that cover various topics such as trading strategies, technical analysis, fundamental analysis, risk management, and more. Vantage also offers a free demo account to clients to practice their trading skills in a risk-free environment. Additionally, Vantage provides market analysis and research to its clients to help them make informed trading decisions.
Overall, Vantage offers a wide range of trading instruments and platforms, with competitive spreads and no commission on trades, making it an attractive option for traders. The broker also provides various educational resources for traders, including webinars and tutorials. However, Vantage's customer service could be improved, as some traders have reported slow response times and have difficulty withdrawing funds. Despite these drawbacks, Vantage has established a strong reputation for reliability, with stringent regulations in place to protect client funds. Overall, Vantage is a choice for traders looking for a reputable broker with a wide range of trading tools and educational resources.
Q 1: | Is Vantage regulated? |
A 1: | Yes. It is regulated by ASIC & FCA. |
Q 2: | At Vantage, are there any regional restrictions for traders? |
A 2: | Yes. It does not offer our services to residents of certain jurisdictions such as Canada, China, Romania, Singapore, the United States and to jurisdictions on the FATF and EU/UN sanctions lists. |
Q 3: | Does Vantage offer demo accounts? |
A 3: | Yes. It offers unlimited demo accounts. |
Q 4: | Does Vantage offer industry-standard MT4 & MT5? |
A 4: | Yes. It supports MT4 and MT5. |
Q 5: | What is the minimum deposit for Vantage? |
A 5: | The minimum initial deposit to open an account is $50. |
Q 6: | Is Vantage a good broker for beginners? |
A 6: | No. Vantage is not a good choice for beginners. It is regulated well and offers rich tradable instruments with competitive trading conditions on MT4 and MT5 platforms , though too many complaints from their clients saying that they are unable to withdraw. |
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive saxo and vantage-fx are, we first considered common fees for standard accounts. On saxo, the average spread for the EUR/USD currency pair is -- pips, while on vantage-fx the spread is from 0.0.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
saxo is regulated by ASIC,FCA,FSA,SFC,AMF,CONSOB,FINMA,MAS,AMF,DFSA,ASIC. vantage-fx is regulated by ASIC,FCA,CIMA,FSCA,VFSC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
saxo provides trading platform including VIP account,Classic account,Platinum account and trading variety including --. vantage-fx provides trading platform including PRO ECN,RAW ECN,Standard STP and trading variety including 57 Currency pairs 26 Indices 51 ETFs 22 Commodities 800+ Share CFDs.