Is Vantage FX really free?
Vantage FX does not provide access to real stock trading on US markets. If you are looking for a zero-commission broker to trade on US stock exchanges, you can check our article detailing the best apps offered in this category of brokers. If you wish to stick with Vantage FX though, then you will find the fees they charge below.
Vantage FX fees
Overview of Vantage FX fees and charges
It's safe to say that Vantage FX's fees are low in general. They either don't charge a brokerage fee for things that other brokers do, or they only charge a small amount.
Here's a high-level overview of Vantage FX's fees
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | - | Not available |
| EURUSD fee | Low | MetaTrader Raw ECN pricing: $3 commission per lot per trade plus spread cost. 0.1 pips is the average spread cost during peak trading hours. |
| US mutual fund fees | - | Not available |
| Inactivity fee | Low | No inactivity fee |
Vantage FX fees
Vantage FX fees explained
Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.
This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:
- Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
- A commission is either fixed or based on the traded volume.
- A spread is the difference between the buy price and the sell price.
- A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
- Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.
We compare Vantage FX fees with its closest competitors, Axi and IC Markets.
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Vantage FX fees
Vantage FX trading fees
Vantage FX's trading fees are low, which makes it suitable for you even if you trade often (i.e. several times a week).
Let's break down trading fees according to the different asset classes available at Vantage FX.
Trading fees
Vantage FX's trading fees are low.
Forex fees
Vantage FX's forex fees are low.
| Vantage FX | Axi | IC Markets | |
|---|---|---|---|
| EURUSD benchmark fee | $6.0 | $5.6 | $6.9 |
| EURGBP benchmark fee | $7.5 | $4.4 | $7.5 |
CFD fees
Vantage FX has low CFD trading fees.
| Vantage FX | Axi | IC Markets | |
|---|---|---|---|
| Apple CFD | $6.2 | - | $0.5 |
| Vodafone CFD | $13.3 | - | - |
| Germany | - | - | - |
Vantage FX fees
Vantage FX non-trading fees
When it comes to non-trading fees, Vantage FX is a rather cheap broker.
Non-trading fees include various brokerage fees and charges at Vantage FX that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.
| Vantage FX | Axi | IC Markets | |
|---|---|---|---|
| Withdrawal fee | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | No | No | No |
| Account fee | No | No | No |
Vantage FX fees
Vantage FX deposit fee
Usually, brokers don't charge anything for deposits, and Vantage FX is no different.
| Vantage FX | Axi | IC Markets | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes |
| Deposit fee | $0 | $0 | $0 |
Vantage FX fees
Vantage FX withdrawal fee
Vantage FX generally doesn't charge a withdrawal fee.
| Vantage FX | Axi | IC Markets | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes |
| Withdrawal fee for bank transfer | $0 | $0 | $0 |
Vantage FX fees
Vantage FX inactivity fee
Vantage FX does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).
