VantageFX has just two types of account types and main difference lies in the underlying market access. They also offer a demo account to test the platform.
VantageFX Demo Account
Demo account is easily obtainable by just clicking the demo account button on VantageFX website. It requires less hassle with the signup process and it includes $50000 of virtual funds to practise. It provides access to full MT4 platform and lasts for 30 days. In order to get a demo account that lasts longer, the trader needs to contact VantageFX customer support. We believe 30 days is more than enough, not just to practice trading but also to start learning and executing trading strategies.
VantageFX Standard STP Account
- Straight Through Processing execution
- MT4 and MT5
- $0 commission
- $2 AUD rebate / lot
- EURUSD minimum spread 1 pip, average 1.4 pip
This is your standard automatic dealing desk account with zero commission. Most traders will be satisfied with the level of features offered. VantageFX acocunts allow hedging and other techniques in trading, so no limits there. VantageFX Standard accounts includes the 2 AUD rebate which is actually 10% rebate bonus paid in $2 rebates, however, in order to qualify for the rebate program, one needs to deposit more than $1000. Rebate is paid per lot traded. Don’t forget to use the Promo code “REBATE”. Rebate effectively lowers your spread costs per lot since you get part of the spread paid back with each lot you traded.
VantageFX Raw ECN Account
- ECN execution
- MT4 and MT5
- spread from 0 pips EURUSD
- $3 per lot per side commission
ECN account is the true market execution account with direct access to diverse liquidity pool and tightest spreads. The account starts with minimum $500 deposit. This is an account for big players and commission is lower than in many other brokers we saw.
For an totally free ECN account, try IronFX Absoulte Zero ECN.
Leverage starts with 1:100. It can be manually changed to get 1:500. You dont get this level of leverage with european brokers since CySEC and FCA don’t allow it. However, dont forget that leverage increases losses, so be careful with this tool.