Compare Pepperstone vs Vantage for Account Types, Fees & More

Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). By the Financial Conduct Authority (FCA) under Vantage Global Prime LLP, for institutional clients. Yes, based on your detected country of UA, you can open an account with this broker. The UK entities of Pepperstone and Vantage both offer spread betting.

The app requires Android 5.0 or later, while the iOS app requires iOS 9.0 or Worldtradex later. Since trading and non-trading fees can substantially impact trading performance, it is essential to pick a broker offering competitive prices. Vantage is a Forex and CFD broker doing excellently in this respect. Whether you prefer the broker’s spread-based Standard STP account or the commission-based Raw ECN account, you will benefit from excellent trading conditions and transparent pricing. Professional and swap-free accounts are also available for qualifying customers.

Both brokers feature multiple, low-cost payment processors, including localized options, with instant to near-instant processing times. At Vantage there are no charges for opening any of the supported account options. However, traders must comply with the broker’s account minimum requirement, which starts from $50. Vantage stands out from many other brokerage companies by not charging inactivity fees, which can be advantageous for trailers who may not trade regularly. There are a total of more than 40 forex currency pairs available for trading with Vantage.

The broker’s website is also well optimized for mobile devices, and you can enjoy full functionality from the smaller screen. This means you can make deposits, check your account details, and even register with the broker whilst on the go. As you review Vantage FX for yourself, you will appreciate its mobile compatibility.

Forex Market Analysis includes three sub-categories and 17 articles in total. Forex Trading Psychology features one sub-category and three articles. Currently, there are no deposit bonuses available with this brokerage. However, CFTC regulation is absent; therefore, Vantage FX cannot provide its services to citizens or residents of the United States. Vantage Group of companies is authorized and regulated in various jurisdictions. Note that Vantage FX does not offer its services to residents of specific areas such as North Korea, Japan, the United States, and other regions.

Account Manager jobs

If you prefer the MetaTrader 4, you can download the platform from the website and start trading immediately. But, if you are keen on the MT5, download the platform and request the broker for a USER ID/PW to access the trading terminal. While the MetaQuotes software comes loaded with several features and trading signals, Vantage FX has included its own set of cutting edge tools to enhance the trading efficiency of clients. Some of the exclusive trading tools are freely accessible by all clients, while some are only for Pro clients, or clients who bring in a specific minimum initial deposit. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.

Indices

• The platform is replete with a suite of advanced trading tools, such as technical indicators, order management, custom watchlists, trading signals by Trading Central, alerts, news calendars, and more.
• The platform tutorial videos make it easy to get started, however, and there are educational articles to help you grow.
• The online module is handy for beginners trying to get hands-on the basics of the forex markets.
• For those trading outside of the UK, you can get started with as little as $200, making this broker highly accessible.

Liquidity brokerage partners are some truly high-profile legal entities in their own right. In one such incident, payment to one of its IB (Introducing Brokers) was denied. After the said branch posted a complaint about the operator on one of the review portals, Vantage allegedly offered to pay him only if he first deleted the complaint. Whether such stories are true is currently completely impossible to verify.

They partner with Equinix, enabling them to provide a diverse network of servers linked by fiber optics. Every fiber optic line that connects their services is carefully selected and tested to ensure minimal latency (with up to 100 gb/s bandwidth). Servers are located worldwide in major financial hubs, including New York and London, giving ECN market liquidity to client platforms for fast execution speeds. Vantage FX offers swap-free trading on both the Standard STP and Raw ECN accounts.

Payment Methods

Although this is slightly disappointing, our review of Vantage FX forex broker appreciates the number and variety of stock CFDs available, including from multiple countries around the globe. Swap-free trading accounts are available for either Standard STP or RAW ECN accounts, allowing Islamic clients to trade in confidence. Our Vantage FX broker review team appreciates that not only does the broker offer Islamic accounts, but that it displays the certificates of Sharia compliance on its website.

• As part of this regulation, the broker stores client funds in segregated accounts and prides itself on offering a high level of transparency.
• As you review Vantage FX forex broker’s account types, however, you will notice that each has a different minimum deposit.
• Users can trade on the all-in-one Vantage App, MT4, MT5, ProTrader (powered by TradingView), Copy Trading, or the Demo Trading platform.
• Here are some of the support options to get in touch with the ASIC regulated forex broker.
• As with other ECN brokers, Vantage FX uses top-tier liquidity providers (LPs) to ensure deep liquidity, fast trade execution speeds, and tight interbank RAW ECN spreads that start from just 0 pips.

The spreads on these pairs start at a great value 0 pips with a $3 per lot commission for retail traders, or from 1.4 pips without commission. With that, the account has a minimum deposit requirement of $20,000. If you can afford it though, this account opens up great potential for very low cost trading.

Commodities

To open a demo account, select the ‘Demo Account’ button on the broker’s website, fill in your details and submit the form. There are zero deposit fees, though your financial institution may have its own charges. Methodology updates are made so that new broker features and products are taken into consideration. Review updates ensure that all the information we provide is current and correct.

Here are some more details on exactly what to expect when you are making a deposit with Vantage. This includes the minimum deposit and also deposit methods available. The account also offers a great level of flexibility in terms of pricing and how your sub accounts are managed.

We booked test trades in AUDCHF and AUDJPY and set the screen display to different background settings. Trading conditions always come first as far as value is concerned, and Vantage have quite a solid thing going in this regard. Its execution speeds are said to be superb as well as is its market coverage. Opening an account is supposedly easy as well though that probably only goes for Demo accounts, since for real money ones, there are quite a few questions asked and documents required. Its execution speeds are said to be superb as well as is its market coverage (it includes several cryptocurrencies in addition to the regular lineup of tradable assets). The Vantage website claims that the broker deals with an impressive list of liquidity providers, including Goldman Sachs, Bank of America and RBS – among others.

Is Vantage FX A Market Maker?

This process places importance on the things we know matter most to traders. Below you can see how scored in each of our high-priority categories. Due to AML / CTF laws, Vantage FX cannot deposit funds to third parties. As a result, all money withdrawn from your account must go to a bank account in the same name as your Vantage FX trading account. Clients can withdraw funds online by logging into the secure Vantage FX client portal and selecting the withdraw tab from the menu.