Vantage Markets is a global, multi-asset broker offering clients access to a nimble and powerful service for trading CFDs on Forex, Commodities, Indices, Shares. The company has been in the market since 2009 and has over 1,000 staff across more than 30 global offices.
SimpleFX is a free trading and investing app that allows users to buy and sell cryptocurrencies and other assets from anywhere. The company was founded in 2014 and has been recognized as the best trading platform in several crypto industry events.
Vantage Markets vs SimpleFX Regulation Comparison
Vantage Markets
SimpleFX
Regulated by the Vanuatu Financial Services Commission (VFSC) under registration number 700271
Not regulated by any authority
Complies with international anti-money laundering regulations
Complies with international anti-money laundering regulations
Offers negative balance protection to clients
Does not offer negative balance protection to clients
Vantage Markets vs SimpleFX Trading Assets Comparison
Vantage Markets
SimpleFX
Offers over 300 CFDs on Forex, Commodities, Indices, Shares, ETFs
Offers over 200 CFDs on Forex, Cryptocurrencies, Indices, Commodities, Stocks
Provides access to deep FX liquidity pools and institutional level of trading
Provides access to fast and secure crypto payments and staking options
Vantage Markets vs SimpleFX Trading Fees Comparison
Vantage Markets
SimpleFX
Charges spreads from 0.0 pips and commissions from $0 on its RAW ECN account
Charges spreads from 0.0 pips and no commissions on any account
Charges swap fees for holding positions overnight
Charges swap fees for holding positions overnight
Charges deposit and withdrawal fees depending on the payment method
Charges no deposit and withdrawal fees for any payment method
Vantage Markets vs SimpleFX Account Types Comparison
Vantage Markets
SimpleFX
Offers three types of accounts: Standard STP, RAW ECN, Pro ECN
Offers one type of account: Standard Account
Requires a minimum deposit of $50 for Standard STP and RAW ECN accounts, and $20,000 for Pro ECN account
Supports multiple base currencies: USD, EUR, GBP, AUD, CAD, CHF, PLN, RUB, JPY, BRL plus several cryptocurrencies
Vantage Markets vs SimpleFX Deposit Options Comparison
Vantage Markets
SimpleFX
Supports various payment methods: credit/debit cards, bank transfers, e-wallets (Skrill, Neteller), cryptocurrencies (Bitcoin)
Supports various payment methods: credit/debit cards (via third-party services), cryptocurrencies (Bitcoin, Ethereum, Litecoin and more)
Processes deposits and withdrawals within one business day depending on the payment method
Processes deposits and withdrawals instantly for cryptocurrencies and within one business day for credit/debit cards
Vantage Markets vs SimpleFX Trading Platforms Comparison
Vantage Markets
SimpleFX
Offers access to MetaTrader 4 and MetaTrader 5 platforms for desktop, web and mobile devices
Offers access to its own WebTrader platform for desktop and mobile devices as well as native iOS/Android apps
Provides various trading tools such as market analysis, educational materials, copy trading and rewards program
Provides various trading tools such as market news, trading academy, trading ideas and affiliate program
Vantage Markets vs SimpleFX Analytical Tools Comparison
Vantage Markets and SimpleFX both offer a variety of analytical tools to help traders make informed decisions, such as economic calendars, trading signals, market sentiment, technical indicators and charting tools.
Vantage Markets vs SimpleFX . Which forex broker is better? Which forex broker should you choose?
Choosing a suitable broker depends on your personal preferences, trading goals, risk appetite and budget. However, there are a few factors you can consider:
If you are looking for a regulated broker that offers negative balance protection and a high leverage option, you may prefer Vantage Markets.
If you are looking for a free trading app that supports multiple crypto payment methods and does not require a minimum deposit, then you may prefer SimpleFX.
If you are familiar with the MetaTrader platform and want access to a wide range of CFDs on a variety of assets, you may prefer Vantage Markets.
If you want to use a simple and user-friendly WebTrader platform and mainly trade cryptocurrencies and stocks, then you may prefer SimpleFX.
In the end, the best way to decide which forex broker is better for you is to experiment for yourself. You can open a demo account with both brokers and test their features and services before making a real investment. You can also read online reviews and feedback from other traders who have used both brokers.
