Compare Vantage Markets vs FXOpen
What is Vantage Markets? What is FXOpen ?
Vantage Markets is a global, multi-asset broker that offers CFD trading on forex, commodities, indices, shares and cryptocurrencies. It has been in the market since 2009 and has over 1,000 staff across more than 30 global offices. It is regulated by the Vanuatu Financial Services Commission (VFSC) .
FXOpen is also a global, multi-asset broker that offers CFD trading on forex, commodities, indices, shares and cryptocurrencies. It started as an educational center in 2003 and became a broker in 2005. It is regulated by the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC) in Australia .
Vantage Markets vs FXOpen Regulation Comparison
| Broker | Regulator | License Number | Client Money Protection | Compensation Scheme |
|---|---|---|---|---|
| Vantage Markets | VFSC | 700271 | Segregated accounts | No |
| FXOpen UK | FCA | 579202 | Segregated accounts | Up to £85,000 per eligible client |
| FXOpen AU | ASIC | 412871 | Segregated accounts | No |
Vantage Markets vs FXOpen Trading Assets Comparison
| Broker | Forex Pairs | Cryptocurrencies | Shares | Indices | Metals | Commodities |
|---|---|---|---|---|---|---|
| Vantage Markets | 50+ | 25+ | Yes (US, EU, AU) | Yes (US, EU, AU) | Yes (Gold, Silver) | Yes (Oil, Copper) |
| FXOpen UK/AU | 50+ | 43+ | Yes (US) | Yes (US, EU) | Yes (Gold, Silver) | No |
| FXOpen INT | 50+ | 25+ | Yes (US) | Yes (US, EU) | Yes (Gold, Silver) | Yes (Oil) |
FXOpen INT is a separate entity that operates under different regulations and offers different trading conditions.
Vantage Markets vs FXOpen Trading Fees Comparison
| Broker | Account Type | Minimum Deposit | Spreads* | Commissions* |
|---|---|---|---|---|
| Vantage Markets** | Standard STP | $200 | $1.4 | $0 |
| RAW ECN | $500 | $0 | $3 | |
| PRO ECN | $20,000 | $0 | $2 | |
| FXOpen UK/AU*** | STP | $100 | $1.5 | $0 |
| ECN | $100 | $0 | $1.5-$3.5 | |
| Crypto | $10 | $0 | $0.25% | |
| FXOpen INT*** | ECN | $100 | $0 | $15 |
Average spreads and commissions for EUR/USD pair as of July 2023 . Vantage Markets also charges swap fees for holding positions overnight . FXOpen also charges swap fees for holding positions overnight and an inactivity fee of $10 per month after 90 days of no trading activity
Vantage Markets vs FXOpen Account Types Comparison
| Broker | Account Type | Leverage* | Minimum Lot Size* | Maximum Lot Size* |
|---|---|---|---|---|
| Vantage Markets** | Standard STP | Up to 500:1 | 0.01 lot | No limit |
| RAW ECN | Up to 500:1 | 0.01 lot | No limit | |
| PRO ECN | Up to 500:1 | 0.01 lot | No limit | |
| FXOpen UK/AU*** | STP | Up to 30:1 (UK), Up to 500:1 (AU) | 0.01 lot | No limit |
| ECN | Up to 30:1 (UK), Up to 500:1 (AU) | 0.01 lot | No limit | |
| Crypto | Up to 3:1 (UK), Up to 10:1 (AU) | 0.01 lot ($10) | No limit | |
| FXOpen INT | ECN | Up to 500:1 | 0.01 lot ($10) | No limit |
Leverage, lot size and margin requirements may vary depending on the instrument traded and market conditions .Vantage Markets offers Islamic accounts with no swap fees for Standard STP and RAW ECN accounts .FXOpen offers Islamic accounts with no swap fees for STP and ECN accounts
Vantage Markets vs FXOpen Deposit Options Comparison
| Broker | Deposit Options | Withdrawal Options | Fees* |
|---|---|---|---|
| Vantage Markets | Bank wire, credit/debit card, Skrill, Neteller, FasaPay, UnionPay, BPay, Poli, Broker to Broker | Bank wire, credit/debit card, Skrill, Neteller, FasaPay, UnionPay, BPay, Poli, Broker to Broker | No deposit fees, withdrawal fees may apply depending on the method and amount |
| FXOpen UK/AU | Bank wire, credit/debit card, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, Payza, QIWI Wallet, Yandex Money, AstroPay Card | Bank wire, credit/debit card, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, Payza, QIWI Wallet, Yandex Money, AstroPay Card | Deposit and withdrawal fees may apply depending on the method and amount |
| FXOpen INT | Bank wire, credit/debit card, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, Payza, QIWI Wallet, Yandex Money | Bank wire, credit/debit card, Skrill, Neteller, WebMoney, Perfect Money, FasaPay | Deposit and withdrawal fees may apply depending on the method and amount |
Vantage Markets vs FXOpen Trading Platforms Comparison
| Broker | Trading Platforms | Web Trading | Mobile Trading |
|---|---|---|---|
| Vantage Markets | MetaTrader 4 (MT4), MetaTrader 5 (MT5), ZuluTrade (social trading) | Yes (MT4/MT5 WebTrader) | Yes (MT4/MT5 for iOS/Android) |
| FXOpen UK/AU/INT | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TickTrader (web/desktop/mobile), ZuluTrade (social trading) | Yes (MT4/MT5 WebTrader) | Yes (MT4/MT5/TickTrader for iOS/Android) |
Vantage Markets vs FXOpen Analytical Tools Comparison
| Broker | Analytical Tools |
|---|---|
| Vantage Markets | Economic calendar, market news and analysis from Trading Central and MQL5 Signals |
| FXOpen UK/AU/INT | Economic calendar, market news and analysis from FXOpen Analytics and Claws & Horns |
Vantage Markets vs FXOpen . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading goals and risk appetite. However, there are several factors you need to consider before opening an account with them.
Some factors you may want to consider are:
- Regulatory and Reputation: You should check that the broker is regulated by a reputable body and has a good track record of following the rules and protecting the interests of its clients. You should also check broker reviews and ratings from other traders and independent sources.
- Trading conditions and fees: You should compare your broker’s spreads, commissions, swap rates, leverage, margin requirements, execution speed and quality, slippage and requotes. You should also check if the broker offers any bonuses, promotions or bonuses for trading with them.
- Trading Platforms and Tools: You should check out what tools the broker offers for trading, such as forex pairs, cryptocurrencies, stocks, indices, metals and commodities. You should also check what platforms the broker supports, such as MetaTrader 4, MetaTrader 5, WebTrader or mobile apps. You should also check if the broker offers any additional tools or features, such as social trading, copy trading, signals, indicators or expert advisors.
- Customer Service and Support: You should check if your broker’s customer service is easy to contact and how responsive and helpful they are. You should also check which languages they support and which channels they use, such as phone, email, chat or social media.
- Deposit and Withdrawal Options and Fees: You should check the payment methods your broker accepts for deposits and withdrawals, such as wire transfers, credit/debit cards, e-wallets or electronic money. You should also check what they charge for these transactions and how long it takes to process them.
These are some of the key factors that you may want to consider when comparing forex brokers. Finally, you can do your research and due diligence before choosing a forex broker that suits your needs and expectations.
