FXTM vs Vantage FX - Online Brokerage Comparison

FXTM vs Vantage FX | Trading Brokers Comparison

FXTM vs Vantage FX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$5MT4, MT5250+FCA, CySEC, FSCA, FSC
$200MT4, MT5180+ASIC, CIMA

FXTM vs Vantage FX Comparison

Vantage FX offers MT4 and MT5 ECN trading, as does FXTM. FXTM has a range of other account types which include a Cent account. A Cent account is a type of MT4 or MT5 account structure which lets the trader trade with trade sizes lower than micro lots. This means that a trader can potentially trade with a smaller account size (and hence trade via lower minimum deposits).

FXTM is regulated by the FCA in the United Kingdom, the CySEC in Cyprus and the FSC in Mauritius and is licensed by the FSCA in South Africa. Vantage FX is regulated by the ASIC in Australia and the CIMA in the Cayman Islands.

ECN trading conditions

Both offer ECN trading on MT4 and MT5.

Quick comparison

These are both MT4 and MT5 brokers. Vantage FX is an ECN broker, while FXTM has a range of account types including ECN and Cent.

Minimum deposit and account types

The minimum deposit for FXTM is $5. The minimum deposit for Vantage FX is $200.

  • FXTM provides three Standard accounts. These are the Standard, Cent and Shares accounts. The minimum deposit for the Cent account is $/€/£5 or ₦1,000 and the minimum deposit for the Standard and Shares account is $/€/£100 or ₦20,000. These are instant execution accounts (they are not no dealing desk). Micro lot trading is available for all account types. Scalping is allowed only on the ECN accounts. FXTM provides a range of tools, including signals, daily market analysis, news and an economic calendar.
  • FXTM offers a number of ECN accounts. There include the FXTM ECN Account, the ECN Zero, the FXTM ECN MT5, the Strategy Account, FXTM Pro and FXTM Pro MT5. The ECN and MT5 accounts charge commissions, the others do not. The minimum deposit for the ECN Zero account is $/€/£200 or ₦20 000, the minimum deposit for the FXTM ECN MT5 account is $/€/£500 or ₦20,000, the minimum deposit for the Strategy Account is $/€/£100 and the minimum deposit for the FXTM Pro accounts is $/€/£25,000 or ₦5,000,000.
  • 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

  • FXTM can offer slightly different numbers of CFD instruments for each ECN account types, which can be between 35+ and 60+. The FXTM ECN account offers 60+. All the accounts provide Forex and Precious Metals, the FXTM ECN account can also offer Energy and Indices.
  • For the non-ECN accounts, FXTM can offer more CFD instruments on the Standard account, with 75+ covering Forex, Precious Metals, Energy and Indices. The Cent account offers less, at 25+, covering Forex and Precious Metals. FXTM also has a non-ECN account which provides 180+ Shares CFDs. The total is 250+ across all accounts.
  • Vantage FX offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 180+ available.

Cryptocurrency CFDs

  • 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 and FXTM offers Forex spreads without a commission charge from 1.3.

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

Commission charge

  • FXTM charges a commission starting at $2 per lot per side, depending on the equity in the account and the volume traded. There is no commission charged for the ECN Zero, Strategy or Pro accounts or the non-ECN accounts.
  • 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 and MT5.

Why FXTM or Vantage FX ?

Vantage FX focuses on ECN trading, and utilises Equinix infrastructure to help deliver fast order processing. Both offer MT4 and MT5 and allow the use of Expert Advisors (EAs) which execute as trading robots. FXTM has a considerably lower minimum deposit than Vantage FX as it offers a Cent account, which allows the trader to trade with smaller account sizes.

Comparison summary

  • Both provide CFD trading
  • Each offers MT4 and MT5
  • Both allow the use of Expert Advisors
  • Each has ECN accounts
  • FXTM also provides a Cent account

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