Saxo Markets
VTB 24 Bank
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Overview
Saxo Markets was founded in 2012 and is headquartered in Denmark, while VTB 24 Bank was established in 2008 and is based in Russia. Saxo Markets holds licences including Financial Conduct Authority (FCA), while VTB 24 Bank is regulated by Unregulated among others. Saxo Markets serves 10,000+ clients worldwide; VTB 24 Bank has 10,000+. The minimum deposit is $6500 at Saxo Markets and $100 at VTB 24 Bank.
| Feature | Saxo Markets | VTB 24 Bank |
|---|---|---|
| Min. Deposit | $6500 | $100 |
| Regulation | Financial Conduct Authority (FCA) | Unregulated |
| Founded | 2012 | 2008 |
| Country | Denmark | Russia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Saxo Markets and VTB 24 Bank, directly affecting your bottom line as a trader. VTB 24 Bank has a lower barrier to entry with a minimum deposit of $100 (vs $6500 at Saxo Markets). Saxo Markets charges withdrawal fees while VTB 24 Bank does not, a notable advantage for frequent withdrawers. Saxo Markets applies inactivity fees on dormant accounts; VTB 24 Bank does not. Overall, VTB 24 Bank scores higher on fees in our assessment.
| Feature | Saxo Markets | VTB 24 Bank |
|---|---|---|
| Min. Deposit | $6500 | $100 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Saxo Markets offers MT4, MT5, cTrader, while VTB 24 Bank supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | Saxo Markets | VTB 24 Bank |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Mac, Web Trader, Tablet & Mobile apps | Desktop, Tablet & Mobile apps,Mac |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Saxo Markets and VTB 24 Bank compare. VTB 24 Bank runs regular live webinars; Saxo Markets does not. Both provide video tutorials. VTB 24 Bank publishes daily market commentary; Saxo Markets does not. Both integrate third-party research tools. VTB 24 Bank maintains an archive of past webinars for on-demand viewing. VTB 24 Bank scores higher overall in education and research.
| Feature | Saxo Markets | VTB 24 Bank |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Saxo Markets accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while VTB 24 Bank supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Saxo Markets | VTB 24 Bank |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Saxo Markets and VTB 24 Bank offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Saxo Markets | VTB 24 Bank |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |