Vantage Logo

Overview of Vantage fees and charges

We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.

  • Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
  • Spread: it denotes the difference between the bid and ask price. When you trade forex or CFDs, spreads can make up a significant part of your trading costs.
  • Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
  • Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.

As Vantage focuses on CFD and forex trading, the most important cost elements are spreads and financing rates (overnight fees), commissions less so.

Now, let's dive into the details and see what commissions, spreads, and financing rates Vantage charges.

Vantage commission and other fees
Vantage commission and other trading fees

The good news is that Vantage has low trading fees in general. We ranked the fees of Vantage as low, average, or high based on how they compare with all reviewed brokers.

Check out this table to get an overview of whether Vantage commissions, spreads, and financing rates for each asset class are low/average/high.

Classification of Vantage trading fees
Vantage Axi IC Markets
Forex Low Low Low
CFD Average Low Low
Financing rate Low Low Low

Now let's go over the trading fees for each asset class one by one.

Vantage forex commissions and spreads

Vantage forex fees are low. Vantage forex commissions and spreads for individual currency pairs are charged as per the table below.

Vantage forex commissions and spreads
Vantage
EURUSD fee description MetaTrader Raw ECN account: $3.00 commission per lot per trade plus spread cost. 0.1 pips is the average spread cost during peak trading hours.
GBPUSD fee description MetaTrader Raw ECN account: $3.00 commission per lot per trade plus spread cost. 0.3 pips is the average spread cost during peak trading hours.

Check out how Vantage forex fees compare to its two closest competitors.

Vantage forex fees vs competitors
Vantage Axi IC Markets
EURUSD benchmark fee $6.1 $8.3 $5.8
GBPUSD benchmark fee $4.6 $3.3 $4.7
AUDUSD benchmark fee $5.3 $6.0 $5.9
EURCHF benchmark fee $3.6 $5.6 $3.3
EURGBP benchmark fee $7.5 $10.8 $7.1

Forex fees are calculated for a $20,000 trade using 30:1 leverage

Vantage CFD commissions and spreads

Vantage CFD fees are average. Vantage CFD commissions and spreads for different assets are charged as per the table below.

Vantage CFD commissions and spreads
Vantage
S&P 500 CFD fee The fees are built into the spread, 0.3 points is the average spread cost during peak trading hours.
Europe 50 CFD fee The fees are built into the spread, 1.35 points is the average spread cost during peak trading hours.
Apple CFD $6 per trade
Vodafone CFD GBP 10 per trade

Below you can see how Vantage CFD fees compare with those of Axi and IC Markets.

Vantage CFD fees vs competitors
Vantage Axi IC Markets
S&P 500 index CFD fee $1.4 $1.4 $1.3
Europe 50 index CFD fee $0.9 $1.5 $1.5
Apple CFD $6.1 $2.0 $0.4
Vodafone CFD $14.4 $3.6 -

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

Vantage financing rates

Vantage financing rates are low. They make up a significant part of your trading costs if you hold your position for a long time.

Check out how Vantage financing rates compare with those of Axi and IC Markets.

Vantage financing rates vs competitors
Vantage Axi IC Markets
EURUSD financing rate 1.2% 1.7% 1.2%
GBPUSD financing rate 0.8% 0.5% 0.9%
S&P 500 CFD financing rate 3.4% 2.8% 3.1%
Europe 50 CFD financing rate 2.1% 2.0% 1.9%
Apple CFD financing rate 6.0% 3.1% 3.1%
Vodafone CFD financing rate 4.2% 3.4% -

Vantage commission and other fees
Vantage non-trading fees

In addition to trading fees, it's important to see if Vantage charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by Vantage with its two closest competitors.

Vantage non-trading fees vs competitors
Vantage Axi IC Markets
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $0
Account fee No No No
Inactivity fee No Yes No

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

Vantage commission and other fees
Bottom line

Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by Vantage and its closest competitors. To learn more about Vantage, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.

If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.

Author of this article

Ádám Nasli

Author of this article

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo-trading, programming and trading.

Ádám Nasli

Analyst head

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo-trading, programming and trading.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Visit Vantage
74-89% of retail CFD accounts lose money

Share

Comments

×