FXOpen vs Vantage FX - Online Brokerage Comparison

FXOpen vs Vantage FX | ECN Broker Comparison

FXOpen vs Vantage FX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT465+FCA, ASIC, FSRC
$200MT4, MT5180+ASIC, CIMA

FXOpen vs Vantage FX Comparison

These are both brokers offering MT4 ECN trading, however Vantage FX additionally offers MT5. Vantage FX can provide more markets to trade on MT4 (though FXOpen offers a relatively wide range of Cryptocurrency CFDs to trade on MT4).

FXOpen is regulated by the FCA in the United Kingdom, the ASIC in Australia and the FSRC in Nevis. Vantage FX is regulated by the ASIC in Australia and the CIMA in the Cayman Islands.

ECN trading conditions

Both brokers allow automated trading and styles such as scalping, offering STP order processing, where client orders are matched via the broker's ECN.

Quick comparison

These are both MT4 ECN brokers, though Vantage FX additionally offers MT5 ECN trading.

Minimum deposit and account types

The minimum deposit for FXOpen is $300. The minimum deposit for Vantage FX is $200.

  • FXOpen offers three accounts types, ECN, STP and Crypto. The ECN account charges commissions on its markets, the STP does not charge commissions. The ECN account has a wider range of market available. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). The minimum trade size is 0.01 lots. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.
  • Vantage FX offers STP, ECN, Islamic and Pro ECN accounts. The STP accounts have a minimum deposit of $200, the ECN accounts have a minimum deposit of $500 and the Pro ECN account has a minimum deposit of $20,000. The minimum trade size is 0.01 lots. Vantage FX supports social and copy trading with ZuluTrade and Myfxbook AutoTrade.
  • Vantage FX's STP accounts do not charge commissions, while the ECN accounts do charge commissions. All accounts allow scalping.
  • Vantage FX's Pro ECN account offers lower commission charges and access to Interbank price feeds.

Markets

  • On the ECN account, FXOpen offers Forex, Indices, Energy and Precious Metals, with 65+ available.
  • On the STP account, FXOpen provides Forex and Precious Metals, for a total of 50+.
  • On the Crypto account, FXOpen offers Forex, Precious Metals and Cryptocurrencies, for a total of 55+.
  • Vantage FX offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 180+ available.

FXOpen provides 45+ Forex pairs, Vantage FX provides 45+ Forex pairs.

Cryptocurrency CFDs

  • FXOpen offers Bitcoin, Ethereum, Litecoin, Ripple, DASH, Bitcoin Cash, EOS, IOTA, NEO, Monero, Namecoin, Peercoin, Emercoin, OMNI and Ethereum Classic.
  • Vantage FX offers Bitcoin, Ethereum, Litecoin, Ripple, DASH and Bitcoin Cash.

Spreads and leverage

  • Both brokers may offer very low Forex spreads for the most liquid Forex pairs, plus a commission charge. Vantage FX also offers Forex spreads without a commission charge from 1.4.

Maximum leverage for FXOpen (FCA regulated) is . Maximum leverage for Vantage FX (ASIC or CIMA regulated) is 500:1.

Commission charge

  • For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.
  • Vantage FX has a commission charge of $3 per lot per side for ECN trading, except for its Pro ECN account which has a commission charge of $1.75 per lot per side.

Online trading platforms

Both brokers provide MT4. Vantage FX additionally offers MT5.

Why FXOpen or Vantage FX ?

Automated traders who wish to use Expert Advisors (EAs) can find this facility at either broker. Traders who may wish to trade EAs on MT4's successor can find MT5 at Vantage FX. Traders who may want to trade a wider range of markets than Forex can find this capacity at either broker, though Vantage FX can offer more markets to trade.

Comparison summary

  • Both provide CFD trading
  • Each offers MT4
  • Vantage FX additionally provides MT5
  • Vantage FX offers more markets on MT4
  • FXOpen has a wider range of Crypto CFDs to trade

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