Fidelity or Vantage FX – which is better for UK traders 2024? Compare Fidelity and Vantage FX in this detailed breakdown of their platforms, features and fees.
Fidelity is a popular financial services firm that provides investment accounts and pensions with access to thousands of stocks, ETFs and mutual funds to clients based in the US, Europe and Asia. Fees vary by asset and account country, but are generally competitive, with zero-commission trading available on US stocks.
Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to over 900,000 clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.
Pros
Excellent list of stocks and funds to choose from
Very competitive pricing compared to largest rivals
Good list of account types to suit various types of investor
Uninvested cash is automatically put into a money market fund
Trusted global brand with strong regulation from SEC & FCA
Tax-efficient vehicles are available including ISAs
Vantage maintains its high trust score thanks to its strong reputation and top-tier regulation from the FCA and ASIC
Vantage has bolstered its algorithmic trading tools for advanced traders with AutoFibo EA identifying reversal opportunities
The ECN accounts are very competitive with spreads from 0.0 pips and a $1.50 commission per side
There’s an excellent suite of trading software, including the award-winning platforms MT4 and MT5
The broker has recently made efforts to expand its suite of CFDs providing further trading opportunities
Vantage caters to hands-off investors with beginner-friendly social trading via ZuluTrade & Myfxbook
The low minimum deposit of $50 and zero funding fees make this broker a great choice for new traders
There are no short-term strategy restrictions with hedging and scalping permitted
It’s quick and easy to open a live account – taking less than 5 minutes
Cons
No forex or CFD trading
There is no demo account
Less suitable for short-term trading
Presentation of data is overly complicated
No trading platform for non-US clients
The $1000 minimum deposit for international clients is high
It's a shame that some clients will need to register with the offshore entity, which offers less regulatory protection
A steep $10,000 deposit is needed for the best trading conditions, which include the $1.50 commission per side
The average execution speeds of 100ms to 250ms are slower than alternatives based on tests
Unfortunately, cryptos are only available for Australian clients
Awards
Boring Money Best Buy 2021 – Pension
Boring Money Best for Beginners Pension 2021
Boring Money Best for Beginners ISA 2021
Boring Money Best for Low - Cost Pension 2021
Online Personal Wealth Awards - Best Retirement Adviser 2021
Shares Awards 2020 - Best Execution-Only Stockbroker of the Year
Best Trade Execution - Global Forex Awards 2023
Best CFD Broker Global - Global Brands Magazine 2024
Best Multi-Asset Broker Global - Global Business and Finance Magazine 2023
Best CFD Trading Platform - Global - International Business Magazine
FCA Regulated
Yes
Yes
Instruments
ETFs, Mutual Funds, ISAs, Pensions, Stocks, Indices
Vantage offers one of the most complete trading apps we’ve used. The crisp design and slick interface makes analyzing markets and placing trades straightforward. Changing to horizontal mode offers an optimal charting view, though frustratingly it can take a few seconds for the app to respond. Fortunately, this minor drawback is outweighed by the ease of overlaying indicators and drawing tools, plus the integrated economic calendar, newsfeed, market analysis, and even FX TV.
iOS App Rating
3.6
Android App Rating
3.9
Margin Trading
No
Yes
MetaTrader 4
No
Yes
MetaTrader 5
No
Yes
cTrader
No
No
AlgoTrader
No
No
OmniTrader
No
No
TradingView
No
Yes
Autochartist
No
No
eSignal
No
No
Trading Central
No
No
STP Account
No
Yes
ECN Account
No
Yes
DMA Account
No
No
MAM Account
No
Yes
PAMM Account
No
Yes
LAMM Account
No
No
Demat Account
No
No
AI / Machine Learning
No
No
Robo Advisor
Yes
No
Negative Balance Protection
No
Yes
Market Maker
No
No
P2P Trading
No
No
Spot Trading
No
Yes
Auto Trading
Myfxbook AutoTrade, Expert Advisors (EAs) on MetaTrader
Copy Trading
No
Yes
Copy Trading Platform
Traders enjoy social and copy trading at Vantage with the MetaTrader packages, DupliTrade, ZuluTrade and Myfxbook. ZuluTrade is one of the best social trading communities, using a sophisticated algorithm to rank top signal providers.
Social Trading
No
Yes
Trade Signals
None
Yes
VPS Hosting
No
Yes
Tournaments
No
No
Demo Competitions
No
Yes
Ethical Investing
No
No
Custodial Account
Yes
No
Guaranteed Stop Loss
No
No
Inactivity Fee
$0
Islamic Account
No
Yes
Account Currencies
USD
GBP
USD
EUR
GBP
CAD
AUD
NZD
JPY
HKD
SGD
PLN
Commodities
Gold
Silver
Gasoline
Copper
Palladium
Platinum
Cocoa
Coffee
Orange Juice
Cotton
Sugar
Wheat
Oil
Natural Gas
CFD
Traders can speculate on 1000+ financial markets with high leverage up to 1:500. You can bet on rising and falling prices in currencies, commodities, indices, shares, and more without owning the underlying asset. With the comprehensive choice of CFD trading platforms, users can also switch between desktop, web and mobile for a seamless trading experience.
Leverage
1:500
FTSE Spread
1.0
GBPUSD Spread<
0.5
Oil Spread
0.01
Stocks Spread
0.01
Forex
Vantage offers 55+ currency pairs - above the industry average, so experienced traders can explore plenty of opportunities. Vantage's deep liquidity pool provides forex spreads from 0.0 pips in the ECN account, lower than many alternatives. There are also no commissions, deposit fees or hidden charges.