Comparison Saxo Bank vs Vantage FX
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Saxo Bank vs Vantage FX. Which of them: Saxo Bank or Vantage FX a better online broker?
First of all, we’ll compare the commission fees of the two brokers. For trading in Forex, the commission fee of Saxo Bank is from 0.4 pips, while the commission fee of Vantage FX is from 0.0 pips + $3 commission per 1 lot. And for summarizing a complete picture, we should see trading in the metal market, where these brikers provide the following commissions: from 0.1% commission and from 0.23 pips for Saxo Bank and Vantage FX, respectively. The full online broker reviews contains more detailed information on the brokers’ commission fees.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor are provided to customers by Saxo Bank and Forex Trading, Crypto Trading are provided by Vantage FX. As for platforms, Saxo Bank offers Desktop Platform (Windows), Desktop Platform (MacOS), Android App, iOS App, while Vantage FX offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, MT5, Android App, iOS App.
In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. Saxo Bank was established in 1992 in Denmark, and it is regulated by FCA, FSA, DFSA, ASIC, FSC. And Vantage FX was established in 2009 in Australia, and it is regulated by ASIC. Withdrawal of funds from Saxo Bank can be done using Bank Wire with a withdrawal fee of 0. And Vantage FX provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of free. The time for withdrawal in Saxo Bank is 1-2 business days, and that one in Vantage FX is 3 - 10 business days.
As a result, the rating of Saxo Bank is 4.1 stars versus that of Vantage FX of 4.9 stars.