Trading CFD Accounts

Frequently Asked Questions

• 1

  What is a trading account?

  A CFDs trading account is an account opened with a broker that allows traders to engage with a wide range of offered products. Utilising the trading account, traders can buy or sell instruments such as share CFDs, commodities CFDs, or Forex CFDs.

• 2

  What is the best trading account to open?

  The best trading account differs from person to person, as it depends on your individual preference and trading style as a trader. Fee structures play a role in differentiating accounts; for instance, some accounts may offer low spreads coupled with commissions, while others might provide commission-free trading but with wider spreads. Sometimes, a trader’s preferred trading account would also be dependent on the platform interface and overall user experience. It is crucial for traders to identify the factors that suit their unique trading style before selecting and opening an account.

• 3

  Does it cost money to open a trading account?

  At Vantage, we are pleased to inform you that there are no charges for opening any of the trading accounts offered by our platform. However, it is important to note that we do have minimum deposit requirements in place. Furthermore, it is essential to note that commissions or other fees may apply to each trading transaction, depending on the specific trading account selected.

• 4

  How do I open a trading account?

  Opening a Vantage account is a quick and straightforward process that takes just 5 minutes of your time. To begin, visit the Vantage registration page or click here to start the process. There, you will be guided through a registration form that needs to be completed. During the registration, you will have the opportunity to select the specific trading account you wish to open. Carefully consider your options and choose the account that aligns with your trading style. Once you have made your selection and provided the required information, your account will be promptly set up.

• 5

  How much should a trader start trading with?

  The initial amount that you deposit would depend on your goals and strategy in trading. You can start with as little as AUD$50 with Vantage. If you plan on making larger trades, a bigger initial deposit could reduce the need for multiple deposits. Please note that you should only trade the amount that you can afford to lose. For new traders at Vantage, you can also consider trying out a demo account. A demo account is designed to allow traders to explore trading different products and familiarise themselves with the functionalities of the trading platform. At Vantage, we offer a demo account with virtual funds of up to $100,000 for beginners to practise trading before making the decision to switch to a live account. If your virtual funds are depleted, you can simply reset the account to start practising again.