The Broker Vantage Markets in a Few Words
Vantage Markets is a broker that has come a long way in a short time. In the past, the BBFX team would not have recommended Vantage to any of our clients due to their rough start, but our unbiased nature means we have to include them in our annual review. Vantage has undergone a dramatic change in recent years, adopting a more aggressive approach to competition and focusing on providing a competitive package to attract new clients. When trading with Vantage, you can expect to encounter tight spreads, high leverage on products that other brokers are more conservative with, and some handy tools to help you trade. Despite its rocky start, Vantage has proven to be a reliable and trustworthy broker worth considering for any trader.
Type of Accounts and Offering
Depending on the country of registration, Vantage Markets provides a range of account types to its customers. Pro ECN, Raw ECN, and STP are the top three choices from this list. It’s crucial to keep in mind that “ECN” and “STP” are frequently used in marketing and might not adequately describe the features of the accounts. The usage of these phrases by brokers is discouraged at BBFX if they are being abused, as is the situation with Vantage. The way Vantage allocates costs per transaction is the primary distinction between the “STP” and “ECN” accounts. The fee is added as a markup to the spread in “STP” accounts, but it is charged as a flat commission per volume traded in “ECN” accounts.
The commission fees for each transaction are also different between the two “ECN” accounts, with the PRO “ECN” account giving clients who deposit a minimum of 10,000 USD a 50% discount. This discount is intended to encourage traders who want to execute bigger deals and benefit from lower fees. Vantage Markets offers a variety of account kinds to accommodate the requirements of various traders, the major three being Pro ECN, Raw ECN, and STP.
With Vantage, you have access to a variety of financial markets, including currency, precious metals, commodities, bonds, and stocks, and you can benefit from high leverage. The high leverage that Vantage offers on CFD stocks—up to 1:33—is one of its distinguishing qualities. This implies that you might be able to execute greater deals using less funds. But, it’s crucial to keep in mind that leverage has two sides and can both enhance your profits and decrease them. As usual, prior to making investment selections, it’s critical to take your risk tolerance and financial objectives into account.
Understanding the costs involved in your trades is crucial for traders because they significantly impact overall profitability. You should be aware of common costs like commissions and trading fees, but there can also be other expenses that aren’t immediately apparent. For instance, some brokers might add markups to spreads and swaps, raising the overall cost of trading. To get the best bargain possible, it’s critical to shop about and compare broker prices, as these can mount up over time and considerably raise the overall cost of your trades. By knowing the costs involved, you can make better selections and ensure you are not overpaying for your trading.
In this evaluation, we will compare Vantage’s RAW “ECN” account trading costs with comparable accounts offered by its direct rivals. This will enable you to assess the RAW “ECN” account’s worth and decide whether its pricing is reasonable compared to other market competitors.
Please find below a comparison of the Vantage RAW ECN account’s cost of trading with other brokers:
Vantage may not be the best choice for traders who are implementing long-term strategies, as it appears to charge higher markups on swaps than its competition. However, for short-term traders looking to generate profit in a small time frame, the combination of tight spreads, low commission, and high leverage offered by Vantage may make it a more suitable choice.
