Recommended Broker

Vantage FX are a fantastic forex broker, I’ve got several trading accounts with them and their trading conditions are some of the best I’ve seen.

Key Figures:

  • Spreads: from 0.0 pips
  • Leverage: up to 500:1
  • Min Deposit: $200
  • Deposit Fees: $0

Accounts

for all trading levels

Best for Beginners

Standard STP

Standard STP Account is perfect for novice traders who want simple, direct market access with no commissions

Account Base Currencies:

$ AUD $ USD
£ GBP € EUR
$ SGD $ CAD

Best for Beginners (1)

Raw ECN

RAW ECN is designed for the experienced trader who requires deep liquidity and razor sharp spreads

Account Base Currencies:

$ AUD $ USD
£ GBP € EUR
$ SGD $ CAD

Best for Beginners (2)

Pro ECN

PRO ECN is tailored for professional traders and money managers who trade high volume

Account Base Currencies:

$ AUD $ USD
£ GBP € EUR
$ SGD $ CAD

What you need to know

Proof of Identity

To comply with AML and CT regulations brokers are required to verify your identity. You’ll need to upload an image of your passport or other official identity document.

Standard Leverage

standard leverage for new accounts is 100:1 but don’t worry it’s very easy to change it from your account settings once you’re logged in.

Commission Rates

Please note that the commission rates will vary depending on the base currency of your trading account. Below are commission rates for different base currency accounts:

  • AUD = $6 round turn
  • USD = $6 round turn
  • GBP = £4 round turn
  • EUR = €5 round turn
  • SGD = $7 round turn
  • JPY = ¥550 round turn
  • NZD = $6.50 round turn
  • CAD = $6 round turn

Vantage FX are unable to accept clients from:
Afghanistan, Albania, Belarus, Bermuda, Bosnia And Herzegovina, Central African Republic, Crimea and Sevastopol, Cuba, Democratic People’s Republic of Korea (North Korea), Democratic Republic of the Congo, Egypt, Eritrea, Former Federal Republic of Yugoslavia, Guinea-Bissau, Iran (countermeasures also in place for Iran), Iraq, ISIL (Da’esh) and Al-Qaida, Lebanon, Libya, Montenegro, Myanmar, New Zealand, North Korea, Russia, Serbia, Sevastopol, Sierra Leone, Somalia, South Sudan, Sudan, Syria, The Taliban, The United States, Tunisia, Ukraine, Yemen, Zimbabwe.