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I recommend it for active traders as it presents more overall trading flexibility, directly influencing profitability. Traders at the Vantage Cayman Islands and Vantage subsidiaries get maximum leverage up to 1:500. Cryptocurrencies are also missing from the asset selectionĬommodities Metals: Indices Stocks CFDs Oil Gold ETFs.I am missing mid-cap and small-cap alternatives from the equity CFD list.I find the absence of cryptocurrencies unfortunate.Įquity traders get large-cap CFDs, ideal for retail traders who follow trending names on social media, but Vantage fails to offer ETFs, which is another regrettable oversight. It suits traders with a focused trading strategy, who require fewer but highly liquid assets. I like the choice of commodities and indices at Vantage, but the Forex selection is below average. No currency conversion fees What Can I Trade.My additional comments concerning trading costs at Vantage: Taking a 1 standard lot buy/sell position, in the EUR/USD at the average spread and holding it for one night will cost the following: Scroll down until you see Swap Long and Swap Short.īelow is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-based Vantage Raw ECN account. Right-click on the desired symbol in the Market Watch window and select Specification.Ģ. MT4/MT5 traders can access swap rates from their platform by following these steps:ġ. Vantage offers a positive swap on EUR/USD short positions and other assets where market conditions warrant them, meaning traders get paid money.I always recommend that traders check them before evaluating the total trading costs. Depending on the trading strategy, it may become the most significant fee per trade. One of the most ignored trading costs is swap rates on leveraged overnight positions. Traders with deposits of $10,000 qualify for volume-based rebates, but they only apply for the expensive commission-free trading account.The average trading costs for the EUR/USD in the commission-based Vantage Raw ECN account: Here is a screenshot of Vantage live quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. A volume-based rebate program for the commission-based trading account, as the absence of it makes Vantage less competitive versus competing brokers who offer one.Traders who prefer the commission-free account must deposit $100,000 to lower trading costs to what the commission-based account offers.The minimum deposit of $500 for the commission-based account, versus the $200 for the commission-free alternative, offers active traders with notably lower trading costs.Traders with a deposit of $20,000 can lower base costs by 60%.The commission-based cost structure is 40% cheaper.Which pricing environment should Forex traders select? Equity CFDs minimum cost range between $5.00 and €10 per trade, depending on the market.
AUTO PROTRADER REVIEWS PROFESSIONAL
A professional account where the commission is $4.00 per round lot.Commission-based accounts commence with a minimum spread of 0 pips and a commission of $6.00 per round lot for a final cost of $6.00.Commission-free trading costs start at 1.0 pip or $10.00 per 1 standard lot, which ranks it among the more expensive Forex brokers.Vantage offers traders three cost structures: I rank trading costs among the most defining aspects when evaluating a Forex broker, as they directly impact profitability. Vantage also has Indemnity Insurance, but I prefer a deposit insurance policy, securing client funds in the event of an unlikely default.Ĭommissions/Spreads Both Withdrawal options Vantage has 10+ years of experience and transparently notes National Australia Bank (NAB) and Commonwealth Bank of Australia (CBA) as financial institutions, where client deposits remain segregated from corporate funds. A UK subsidiary exists, but Vantage does not list it on its website with other regulators while noting it under its Legal Documents section.Vantage has a clean regulatory track record.Segregation of client deposits from corporate funds.Reasons I prefer the Cayman Islands/Vanuatu subsidiaries: