Vantage FX Fees and Spreads
Vantage FX Fees and Spreads
Vantage FX fees spreads and commissions start from $2 with variable spreads from 0.0 pips.
Vantage FX has a low and incredibly competitive spread when compared to what other brokers offer by offering a spread list which starts from 0.0 pips along with commissions of $2 per lot per side when using the Pro ECN Account.
Vantage FX trading fees are according to the type of account that the trader chooses and the options along with the spread list, leverage, minimum deposit required, and commissions are as follows:
- Standard STP Account – minimum deposit of $200, leverage up to 1:500, spreads from 1.4 pips and zero commissions charged on trades.
- Raw ECN Account – minimum deposit of $500, leverage up to 1:500, spreads from 0.0 pips and commissions of $3 per lot per side.
- Pro ECN Account – minimum deposit of $20,000, leverage up to 1:500, spreads from 0.0 pips and commissions of $2 per lot per side.
The minimum deposit that Vantage FX requires to open an account is $200 which is slightly above average when compared to most other brokers who offer similar trading conditions offer.
Traders should note that certain financial instruments can only be traded during a certain time of the day, especially when considering different time zones, and additional fees may be charged should they hold these positions after they have closed.
Traders should always note that Overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day.
Vantage FX offers the option of an Islamic account to traders who are of Muslim faith and who operate under the Sharia Law.
Vantage FX does not offer traders with spread betting and therefore spread betting fees are not applicable to this broker.
Vantage FX does not charge any internal deposit fees or withdrawal fees, but traders may be subjected to intermediary transfer fees independent of Vantage FX.
Traders will need to verify any fees waived with their banking or financial institution depending on the payment method that the trader uses.
Vantage FX does not waive any additional broker fees such as inactivity fees or fees pertaining to account maintenance and management.
Pros and Cons
|1. Tight and competitive spreads||1. None noted|
|2. Low minimum initial deposit amount|
|3. Fixed commissions on trades|
|4. Deposit fees and withdrawal fees are not charged by Vantage FX|
How many instruments can I trade with Vantage FX?
You can trade the following instruments:
- Soft Commodities
- Special Metals
- CFDs on shares
Which platforms are supported by Vantage FX?
Vantage FX provides the following popular trading platforms:
- MetaTrader 4
- MetaTrader 5
Does Vantage FX offer leverage?
Traders have access to leverage up to 1:500.
What spreads can I expect with Vantage FX ?
Spreads from as little as 0.0.
Does Vantage FX charge commission?
Commissions of $2 are charged per lot per side when using the Pro ECN Account and $3 when using the Raw ECN Account.
Is Vantage FX regulated?
Yes, Vantage FX is regulated by the highly reputed ASIC in Australia, FCA in the UK, and CIMA in the Cayman Islands.
Is Vantage FX a recommended forex trading broker for experts and beginners?
Yes, Vantage FX is suitable for both beginner and expert traders.
What is the overall rating out of 10 for Vantage FX ?
July 3, 2020