The MyFxBook AutoTrade feature takes the social trading aspect even further. It allows users to copy the trades of more successful and profitable traders.
The peak of the social trading experience is represented by ZuluTrade though, another solution-provider with whom VantageFX have teamed up.
VantageFX Account Types
VantageFX currently has 3 account types, of which the most accessible is the standard STP account, which obviously presents the execution of STP.
This type of account offers access to the full range of markets supported by the broker and your minimum balance requirement is $ 200.
The spreads on this start from 1.4 pips and the maximum available leverage is 1: 500.
The standard STP account does not charge commissions.
The next step on the account type ladder is the unprocessed ECN account, which is proclaimed as the most popular account option of the broker.
The execution in this account is ECN and the minimum balance required is 1: 500.
Spreads start from 0 pips (as you would expect from an account of this type), but a commission of $ 3 per lot per side is charged.
The Pro ECN account represents the “extra extra” option of the broker. The minimum balance required in said account is $ 20,000. The commercial conditions are really the best in this case. In addition to the execution of ECN, the characteristics of the Pro account extend from 0 pips and a commission of $ 2 per lot per side is charged.
The maximum available leverage is 1: 500 on this type of account as well.
In addition to the account types detailed above, the broker also offers versions of Islamic accounts, as well as a Demo account for those seeking to put the platform (s) on a risk-free trial.
VantageFX is an online brokerage center, there is no doubt about it. Regardless of what some of your detractors may say, the broker is serious about what he does. It is regulated and presents excellent selections of account type and platform.
It is possible that your market coverage is not the best in the business, but it is certainly extensive enough to meet all possible needs.
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Please note that certain products and / or multiplier levels may not be available to traders in EEA countries due to legal restrictions.