The answer to the OP is, yes, and no.
Just like Catholicism.
Question for Mirage~ Where is this is the word of God:  With fear: This is against the false faith, and presumptuous security of modern sectaries.
Why are you adding to the scriptures, your own private thoughts? WARNING: Revelation 22:18,19
True saints are in Protestantism, and believe it or not, even Catholicism, and then, there are some that has never been part of either.
These are God's misfits, and unknowns to the world.