The Account Opening Process at Vantage FX broker
The account opening process with Vantage forex broker is simple, fast, and user-friendly. One can open a live trading account within 24 hours if all the documents are submitted and verified successfully.
Explore the Available Trader's Account Types at Vantage FX
The Vantage FX account types are simple and efficient. They offer two types of ECN accounts and one type of STP account. They also have an Islamic account to offer. Below is a detailed view of each type of account.
Raw ECN Account
With this account type, traders get the opportunity to trade forex on institutional grade liquid direct from the world's largest banks and institutions. The spreads here are very low. However, there is a small $3.00 commission per standard lot per trade. In this account, traders can experience the lowest costs and the fastest execution speed. One can even claim leverage up to 500:1. Moreover, the spread of Forex pairs such as EURUSD, AUDUSD, GBPUSD, and USDJPY, the spread is 0.0. The Vantage FX minimum deposit on this account is $50.
Standard STP Account
Trading on the Standard STP account, traders will get access to institutional-grade spreads and dark liquidity pools for better liquidity. This live account provides greater market depth, pricing transparency, fastest execution, low spreads, and, most importantly, no commission. There are about 180 + tradable assets to choose from. 500:1 leverage is another great add-on to the clients. The minimum deposit on this account type is $50. Furthermore, the trades on this account guarantee the fastest execution, as the Vantage FX Standard STP accounts are linked to the Equinox fiber-optic network.
Pro ECN Account
The working of this account is similar to the Raw ECN Account. This account is designed to give professional traders and money managers unparalleled execution speed and extra-tight spreads.
The commission on this account is fixed at $1.50 per standard lot per side. There are 180+ instruments to choose from. The spreads here, too, start from 0.0. To switch to a Pro ECN account, the client must fund their account with $10,000 and close all their positions.
Islamic Account or Swap Free
The Vantage FX Islamic Account has been tailored for those traders who are not allowed to receive or pay swaps due to religious beliefs. This broker is one of the few forex brokers who are officially Shariah compliant.
The Islamic account, also called the Swap free account, has no swaps or interest charges on overnight positions. Instead, the client is charged an administration fee on positions that are directly deducted from the account balance. Traders can open either an Islamic Standard STP Account or an Islamic Raw ECN Account. The features are the same as the typical account, the only difference, they are swap-free.
Not to forget, the Vantage FX Demo account is also available for users who want to get the hang of the markets before going live.
Below is a step by step to open an account with Vantage FX.
Step 1:
Log on to the official website of Vantage FX and click on the "REGISTER" option on the top right.
Fill out the form with the required details and click on "OPEN LIVE ACCOUNT."
Step 2:
Fill in the following details.
- Personal details
- Residential address
- Employment and financial details
- Investment experience
Step 3:
Under the Account configuration, choose the trading platform, account type, and the account base currency.
Step 4:
Once all the steps are completed successfully, read the declaration and click on the checkbox.
Step 5:
Finally, verify your identity.
After completing all the steps, you will be redirected to the confirmation page.
Once the account has been opened, you can log in to your account from the login button on the home page. The dashboard of your account will look like the image below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
