FXDD or Vantage FX – which is better for UK traders 2024? Compare FXDD and Vantage FX in this detailed breakdown of their platforms, features and fees.
FXDD is an established forex and CFD broker founded in 2002. Regulated in Malta, Mauritius, Peru and Malaysia, the broker provides secure trading platforms, competitive ECN spreads and reliable 24/7 customer support. Competitive pricing and ultra-low latency is also offered via the broker's Direct Market Access execution model and tier 1 aggregated liquidity.
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
The broker's Trading Central integration offers daily fundamental market analysis, automated chart pattern software and market insights newsletters
FXDD is highly accessible for beginners with just a $1 minimum deposit to get started, plus cent, mini, micro and demo accounts
The broker offers VPS accounts for algo traders and experienced traders looking to run complex automated strategies
MAM and PAMM accounts are available for those who want to manage trader portfolios and earn commissions
The broker is regulated by various authorities that offer investor compensation and negative balance protection
The broker offers responsive 24/5 multilingual customer support via telephone, email and live chat
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
A $40 inactivity fee applies to accounts that have been dormant for more than 90 days, which is much higher than the $10 charged by many competitors
Withdrawal fees apply for more than one payment per calendar month, which is particularly punitive for active traders
There's a $25 withdrawal fee for payments under $100, which is steep and will impact beginners and casual traders
FXDD offers around 150 instruments - a narrow range compared to the hundreds offered at most top brokers
The broker's market insights section is outdated and trails leading competitors
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
Most Transparent Broker in Europe 2022 - ForexRating.com Awards
Most Trusted Broker - The Forex Expo Dubai 2021 Awards
Best Forex Broker - The Forex Expo Dubai 2020
Best Regulated Forex Broker - Saudi Money Expo 2018
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
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
Yes
Yes
MetaTrader 4
Yes
Yes
MetaTrader 5
Yes
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
Yes
Yes
PAMM Account
Yes
Yes
LAMM Account
Yes
No
Demat Account
No
No
AI / Machine Learning
No
No
Robo Advisor
No
No
Negative Balance Protection
Yes
Yes
Market Maker
Yes
No
P2P Trading
No
No
Spot Trading
No
Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader. Entity dependent.
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
Yes
Yes
Trade Signals
Yes
Yes
VPS Hosting
Yes
Yes
Tournaments
No
No
Demo Competitions
No
Yes
Ethical Investing
No
No
Custodial Account
No
No
Guaranteed Stop Loss
No
No
Inactivity Fee
$0
Islamic Account
Yes
Yes
Account Currencies
USD
EUR
GBP
JPY
CHF
USD
EUR
GBP
CAD
AUD
NZD
JPY
HKD
SGD
PLN
Commodities
Silver
Gold
Oil
Gold
Silver
Gasoline
Copper
Palladium
Platinum
Cocoa
Coffee
Orange Juice
Cotton
Sugar
Wheat
Oil
Natural Gas
CFD
Traders can access CFDs across forex, indices, commodities and stocks. There are no restrictions on short-term strategies, which is good news for scalpers and algo traders. There’s also an excellent range of free tools on offer, including a custom price ticker.
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* Leverage varies depending on the region
1:500
FTSE Spread
2.30
1.0
GBPUSD Spread<
0.4
0.5
Oil Spread
6.0
0.01
Stocks Spread
Variable
0.01
Forex
FXDD continues to offer a leading selection of 90+ currency pairs with ECN pricing. Spreads are decent, coming in at 0.4 pips for EUR/USD during testing. That said, these quotes aren’t as narrow as top competitors like Pepperstone.
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.