Vantage
Pros
- Regulated by ASIC and FCA - both tier-1 authorities
- Raw ECN spreads from 0.0 pips on forex
- No deposit or inactivity fees
- Free $100,000 demo account with unlimited duration
- Integrated copy trading via ZuluTrade, DupliTrade and Myfxbook AutoTrade
- Free VPS hosting available for active traders
- Supports MT4, MT5 and TradingView through ProTrader
- Over 1,000 tradeable instruments across forex, CFDs, stocks, ETFs, bonds and crypto
Cons
- Pro ECN account requires a $10,000 minimum deposit
- Standard STP spreads are wider than ECN accounts, averaging around 1.3 pips on EUR/USD
- Cryptocurrency trading limited to select jurisdictions
- No proprietary stocks or ETFs for direct ownership - all instruments are CFDs
- Copy trading features vary by jurisdiction - ZuluTrade and DupliTrade are not available to ASIC-regulated Australian clients
- Customer support response times can be slower outside Australian business hours