Vantage Markets is a popular broker that offers various account types to satisfy different types of traders. Here is a guide to help you choose the best one.
If you are interested in starting a career in online trading, the first tool you need is a brokerage account. Each broker typically offers several trading account types in order to accommodate the needs of different kinds of traders. That being said, choosing the right account type that suits your trading style is very crucial as it can impact many aspects of your trade, including fees, leverage, minimum deposit, and more.
In this article, we're going to explore various account types offered by Vantage Markets. Headquartered in Sidney, Vantage Markets is a well-known multi-asset broker that offers favorable features and services for trading CFDs on forex, commodities, indices, and shares. With over 10 years of experience on the market, Vantage is undoubtedly capable of creating a trusted trading environment that allows both beginners and expert traders to reach their goals in a faster and simpler manner.
In doing so, Vantage Markets offers several account types available for all traders. Let's explore them one by one.
The Vantage Standard STP Account is an ideal choice for novice traders who want an easy, direct access to the market. With this account, you will get access to institutional grade spreads, greater market depth, higher price transparency, and dark liquidity pool for higher liquidity. On top of that, trades that are executed through the Standard STP Account are processed via the Equinix Fibre Optic Network, allowing them to be executed at a lightning speed.
Another great thing about this account is that there are no commissions, only spreads. Even so, you don't really have to worry about the spreads either because Vantage has carefully chosen the best liquidity providers that can offer some of the lowest spreads in the industry. You can also link your account to the MetaTrader platform, so you can manage your trades from any device, including PC, webtrader, and mobile phone.
Here are the details of the Vantage Standard STP Account:
|Up to 500:1
|💰Minimum Trade Size
Raw ECN Account
The Vantage Raw ECN Account is very popular amongst traders as it can provide deep liquidity and extremely low spreads. With this account, you will get the opportunity to trade on institutional-grade liquidity provided by some of the largest banks and institutions with no spread mark-up and just a small commission.
Overall, this account is particularly suitable for experienced traders who want to make significant profit with the lowest cost possible. It offers flexibility, high transparency, and the freedom to execute your trades anywhere and at any time. You can also enjoy instant execution through the broker's custom-made fiber optic network that connects all Equinix servers.
Here are the details of the Vantage Raw ECN Account:
|Up to 500:1
|💰Minimum Trade Size
|$3.00 per lot per side
Pro ECN Account
The Vantage Pro ECN Account is the most advanced trading account offered by the broker. Its features are mostly favorable for big-cap traders, professionals, money managers, and algorithmic traders. With this account, all clients can take advantage of the highest execution speed while also getting the lowest costs. Such condition is great for both automatic and manual trading.
Aside from that, professional traders can also enjoy pure transparency in the pricing system. Vantage has made sure to only work with the best major banks and liquidity providers in order to provide the best trading conditions for their clients, so there's no need to worry about insanely high spreads or unexpected hidden costs.
Here are the details of the Vantage Pro ECN Account:
|Up to 500:1
|💰Minimum Trade Size
|Starting from $1.5 per lot per side
Apart from that regular trading accounts, Vantage also offers swap-free trading accounts suitable for traders who are unable to get or pay for swaps due to their religious beliefs. There are two types of swap-free accounts at Vantage, namely Swap-free Standard STP and Raw ECN Accounts. Both essentially have exactly the same conditions as the regular accounts, except that traders are free of swap charges.
Vantage Swap-free Accounts allow traders to access the market and trade with the broker's pool of liquidity without having to pay swap rates for overnight positions in accordance with the Sharia Law. Instead of swaps, traders will have to pay an administration fee on their positions, which will be automatically deducted from their account balance.
The administration fee itself is made up of the fees set by the liquidity providers plus the broker's internal processing fee. Since the fees imposed by liquidity providers are variable, the admin fees also tend to vary. All administration fees are calculated at 00:00 platform time and applied at 1:00 a.m. platform time.
Free Unlimited Demo Account
Last but not least, Vantage also offers a free unlimited demo account for its clients. As the name suggests, the account is only a demo, so you won't be able to trade with real money and execute real trades. Demo accounts are known as a great way to practice your trading before you take real risks on a live market. Some traders also like to use demo accounts to explore the trading platform and test their strategies. Once you're ready, you can switch to a real live trading account at any time.
How to Choose the Best Account Type?
When choosing a trading account, it's best to reflect on yourself and figure out what you need. In this case, if you are a novice trader or if it's your first time in online trading, then the Vantage Standard STP Account is probably the most ideal. You can get direct access to the market and execute trades with no commission; only tight spreads.
On the other hand, if you are an experienced trader, you can choose between the Raw ECN Account and the Pro ECN Account. The former allows you to trade with lower costs, while the latter is great for opening big-sized orders.
If you're still unsure, you can head over to Vantage official website and check out the rest of the broker features. Just don't forget to read the terms and conditions and consider the risks of trading before opening an account.
Vantage is a multi-asset broker with over 10 years of experience. Headquartered in Sydney, the award-winning broker operates in 172 countries with more than 1,000 employees in over 30 global offices. Some of their winning points include transparency and stong regulation, lightning fast trading execution, and raw ECN spread from 0.0.