USGFX vs Vantage FX Comparison

USGFX vs Vantage FX | Broker Comparison

USGFX vs Vantage FX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, MT560+ASIC
$200MT4, MT5180+ASIC, CIMA

USGFX vs Vantage FX Comparison

These brokers each offer both the MT4 and MT5 trading platforms. USGFX is an STP/ECN broker, while Vantage FX offers both STP trading (without a Forex commission charge) and ECN trading (with raw spreads plus a commission charge). Both support the use of automated trading and discretionary trading where the trader executes trades on their own behalf. Each broker allows social and copy trading. Vantage FX can offer more markets to trade. Both have premium account types with a higher minimum deposit. USGFX is regulated by the ASIC in Australia and Vantage FX is regulated by the ASIC in Australia and the CIMA in the Cayman Islands.

ECN trading conditions

Both brokers route orders to liquidity providers, though Vantage FX aggregates liquidity providers on the trading platforms.

Quick comparison

These are MT4 and MT5 brokers supporting automated and discretionary trading. Vantage FX has more markets, USGFX has a lower minimum deposit.

Minimum deposit and account types

The minimum deposit for USGFX is $100. The minimum deposit for Vantage FX is $200.

  • USGFX offers four account types. These are Mini, Standard, VIP and Pro-ECN. The minimum deposit for the Mini account is $100, the minimum deposit for the Standard account is $10,000, and the minimum deposit for both the VIP and Pro-ECN accounts are $50,000. The different account types can offer lower spreads, with the lowest being available on the VIP account. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which provides trading ideas), analysis, one on one coaching and an Education Center on its website with webinars, seminars, a trading guide and Blog, along with contests.
  • 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

  • USGFX offers Forex, Indices, Energy, Crypotocurrencies and Precious Metals, with 60+ available.
  • Vantage FX offers Forex, Indices, Energy, Cryptocurrencies, Metals, Stocks and Soft Commodities, with 180+ available.

USGFX provides 20+ Forex pairs, Vantage FX provides 45+ Forex pairs.

Cryptocurrency CFDs

  • USGFX offers Bitcoin.
  • Vantage FX offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash and Dash.

Spreads and leverage

  • USGFX offers Forex spreads from 2.8-1.3 depending on the account type, without a commission charge. Vantage FX offers Forex spreads from 0 (or 0.1) plus a commission charge. Vantage FX also offers Forex spreads without a commission charge from 1.4.

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

Commissions

  • USGFX does not charge commissions for Forex or Precious Metals. It does charge commissions of $5 per lot per side for CFDs.
  • 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.

Trading Platforms

Both brokers offer MT4 and MT5.

Why USGFX or Vantage FX ?

If a trader wants to access liquidity outside of the broker, then either broker supports this. For those who want to trade more directly on the ECN, Vantage FX offers price aggregation from multiple liquidity providers. Vantage FX can offer more markets and a wider range, while USGFX has a lower minimum deposit for its most basic account. USGFX has a wider range of account types, each of which can offer a lower lowest Forex spread without a commission charge. Vantage FX provides on its ECN accounts raw ECN calibre Forex spreads, to which it adds a commission charge (thus Vantage FX has the lowest raw spreads, but there is also a commission charge added).

Comparison summary

  • Both brokers offer MT4 and MT5
  • Each supports STP trading
  • Vantage FX also offers 'true ECN' trading
  • USGFX does not charge Forex commissions
  • Vantage FX can offer raw spreads plus a commission charge on its ECN accounts
  • Thus Vantage FX may offer lower raw Forex spreads, to which a commissions charge is added
  • Vantage FX has more markets
  • USGFX has a lower minimum deposit

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