What Account Types and Fees Does Vantage Prime Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners and casual traders |
Low minimum deposit, user-friendly interface |
Suitable for small capital investments |
| Raw ECN Account |
Experienced traders |
Tight spreads, low commissions |
Requires higher trading volumes |
| Pro ECN Account |
Professional traders |
High leverage, advanced trading tools |
Minimum deposit of $10,000 |
| Cent Account |
New traders |
Micro trading, low risk |
Ideal for practice with small amounts |
| Premium Account |
Serious investors |
Enhanced services, lower commissions |
Minimum deposit of $500 |
Account Opening Process
The account opening process with Vantage Prime involves several steps. First, traders need to submit personal information, including full name, date of birth, and contact details. Next, employment information must be provided, outlining the trader’s occupation and employer details. Financial information is also required, such as income and net worth. To comply with regulatory standards, identity verification is mandatory, which includes submitting a government-issued ID and proof of address. Additionally, Vantage Prime allows for account flexibility; traders can upgrade to a professional account later if they meet the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.0/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.0/lot) |
Competitive for minor pairs |
| CFDs (Gold) |
0.3 |
$3.0 |
Low cost for precious metals |
| CFDs (Indices) |
1.2 |
$0 (varies by index) |
Access to major global indices |
| CFDs (Oil) |
0.05 |
$3.0 |
Cost-effective trading on commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
Vantage Prime has a transparent fee structure that includes various costs. Deposit and withdrawal fees may apply depending on the method used, such as bank transfers or credit cards. Inactivity fees are charged if an account remains dormant for an extended period. There may also be platform usage fees, particularly for advanced trading tools. Additionally, overnight interest (swap rates) can affect positions held overnight, and currency conversion fees may apply for trades involving different currencies.
