VANTAGE FX Accounts Comparison and Guidelines for Trading Account Opening

 Standard : STPRAW : ECNPRO : ECN
TraderNovice tradersExperienced traderProfessional trader
PlatformMetaTrader 4 MetaTrader 5MetaTrader 4 MetaTrader 5MetaTrader 4 MetaTrader 5
TypeSTPECNECN
Range of Markets44 Currency pairs16 Indices19 Commodities226 Share CFDs44 Currency pairs16 Indices19 Commodities226 Share CFDs44 Currency pairs16 Indices19 Commodities226 Share CFDs
Platform ChoicesMT4/MT5 WebTraderMobile AppsMT4/MT5 WebTraderMobile AppsMT4/MT5 WebTraderMobile Apps
Minimum Deposit$50$50$20,000
Minimum Trade Size0.01 lot0.01 lot0.01 lot
LeverageUp to 500:1Up to 500:1Up to 500:1
Spreads from 1.4 pips0.0 pips0.0 pips
Commission$0From $3.00 per lot per sizeFrom $2.00 per lot per size
Conversion of promotional credit into cashYesNoNo
Account Base Currencies$ AUD $ USD £ GBP € EUR $ SGD $ CAD $ NZD ¥ JPY $ HKD$ AUD $ USD £ GBP € EUR $ SGD $ CAD $ NZD ¥ JPY $ HKD$ AUD $ USD £ GBP € EUR $ SGD $ CAD $ NZD ¥ JPY $ HKD

Differences between STP and ECN

STP differs from ECN in that STP account, broker charges an additional fee for the spread, but without commission fee. Meanwhile, in the ECN account, the broker allows customers to trade directly in the real market, but will collect commission fees to make profit.

Insights on all VANTAGE FX Accounts

Account Types

Standard Account: STP

Details

  • Order Execution Type: STP
  • Minimum Deposit: $50
  • Commission Fee: No commission fee
  • Minimum Trade Size: 0.01 lot.
  • Leverage: Maximum 500 : 1
  • Spread: Starting from 1.4 pips.

Advantage

  • Fast trading with a delay of about 0.5 second.

Disadvantage

  • Average spread is at moderate level.

Suitable for: Beginners

Raw : ECN Account

Details

  • Order Execution Type : ECN
  • Minimum Deposit : $50
  • Commission Fee $6/lot (1 Round)
  • Minimum Trade Size: 0.01 lot.
  • Leverage : Maximum 500 : 1
  • Spread : Starting from 0 pip

Advantage

  • Fast trading, No delay
  • Spread is lower than Standard : STP account.

Suitable for : Beginners and Professionals

Recommend Account

Pro Account: ECN

Details

  • Order Execution Type: ECN
  • Minimum Deposit: $20,000
  • Commission Fee: $4.00/lot (1 Round)
  • Minimum Trade Size: 0.01 lot.
  • Leverage: Maximum 500 : 1
  • Spread: Starting from 0 pip.

Advantages 

  • Fast trading, no lag
  • Spread is very low.

Disadvantage

  • Minimum deposit of $20,000

Suitable for : Major traders with relatively high capital

VANTAGE FX Summary

We recommend RAW : ECN Account with a minimum deposit of $50, smooth trading, no lag, and very low spread. The Vantage’s RAW: ECN account is ranked the 4th among 44 accounts in the forex brokers with the lowest trading cost (Spread+Commission+Swap).

Reference

Writer : Yoda Yoshida

  • Position : Editor
  • Biography : Former waiter to professional traders
  • Experience : 20 years in the Forex industry
  • Goal : To select the best broker for traders.
  • Short greetings : Some things take time to grow.
  • Full biography of the writer, Click >

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