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Vantage FX Minimum Deposit: How Much You Need to Start Trading

The Vantage FX deposit minimum amount is $200. However, the deposit amount might change according to the account you wish to open. For a Raw ECN account, you need to make a deposit of $500. But if you opt for a Pro ECN account, then the requisite deposit amount rises to $20,000. This guide will give you valuable insights regarding the minimum deposits, available currencies, and available deposit methods. Let’s get started.

The Vantage FX deposit minimum amount is $200. However, the deposit amount might change according to the account you wish to open. For a Raw ECN account, you need to make a deposit of $500. But if you opt for a Pro ECN account, then the requisite deposit amount rises to $20,000.

This guide will give you valuable insights regarding the minimum deposits, available currencies, and available deposit methods. Let’s get started.

How to Deposit Funds on Vantage FX?

No significant fee is charged when a Vantage FX minimum deposit is made into the trader’s account. Vantage allows clients to open accounts and deposit funds through the applicable base currencies. They also offer enormous payment methods, and some of them include:

  • International EFT
  • Bank Wire Transfer
  • UnionPay
  • Debit/Credit Cards
  • Skrill
  • Neteller
  • Broker-to-Broker
  • Fasapay, and more.

Before making a minimum deposit for Vantage FX, you must complete the registering procedure on the website. Once you are done with this process, you can make the initial minimum deposit.

The steps for making a minimum deposit Vantage FX are:

  • You need to log in to the client portal and select the “Deposit” option.
  • Select the method of depositing and the amount to be deposited.
  • After finalizing your selections, you will be automatically redirected to the payment processor page. Here, you will have to confirm your deposited amount.

Vantage FX Minimum Deposit

200 GBP is the Vantage FX minimum deposit in the UK, and that of the US is $200.

Remember that Vantage FX doesn’t charge any withdrawal fees. However, traders are likely to be subjected to intermediary transfer fees, independent of Vantage FX. For more information regarding withdrawal fees, please refer to our article on Vantage FX withdrawal.

What are the Available Currencies?

The base currencies offered by Vantage FX include:

  • USD - United States Dollar
  • AUD - Dollars
  • GBP - British Pound Sterling
  • EUR - Euro
  • SGD - Singapore Dollar
  • NZD - New Zealand Dollar
  • CAD - Canadian Dollar
  • JPY - Japanese Yen

It is important to remember what currency is used for denominating your trading account balance. For instance, you have a USD trading account by default and fund it with AUD. Here, you are likely to be subjected to conversion fees on your deposits and withdrawals. However, setting your Vantage account balance to AUD is always better to avoid this.

What are the Available Deposit Methods?

Here is a comprehensive listing of all the available deposit methods offered by Vantage FX.

Domestic Fast Transfer (Australia Only)

  • Processing Time: The processing procedure might take up to a few hours, especially during AEST business hours.
  • Deposit Fees: $0
  • Applicable Currencies: AUD

Domestic EFT

  • Processing Time: The approximate processing time ranges from 1-2 business days.
  • Deposit Fees: $0
  • Applicable Currencies: AUD

BPAY (Australia Only)

  • Processing Time: It takes around 1 to 2 business days for processing.
  • Deposit Fees: $0
  • Applicable Currencies: AUD

International EFT

  • Processing Time: The processing time takes around 2 to 5 business days.
  • Deposit Fees: $0
  • Applicable Currencies: AUD, USD, GBP, EUR, SGD, JPY, NZD, CAD

Debit/Credit Card (Visa and MasterCard)

  • Processing Time: The procedure happens instantly.
  • Deposit Fees: $0
  • Applicable Currencies: AUD, USD, GBP, EUR, SGD, JPY, NZD, CAD

POLi Payments (Australia Only)

  • Processing Time: The procedures happen within 24 business hours.
  • Deposit Fees: $0
  • Applicable Currencies: AUD

China Union Pay

  • Processing Time: The procedure happens instantly.
  • Deposit Fees: 1.30% to 2.50%
  • Applicable Currencies: USD

JCB

  • Processing Time: The processing time is instant.
  • Deposit Fees: $0
  • Applicable Currencies: JPY

Skrill (Moneybookers)

  • Processing Time: Procedures happen within 24 business hours.
  • Deposit Fees: It is subject to Skrill’s fees
  • Applicable Currencies: USD, EUR, GBP, CAD

Neteller

  • Processing Time: The procedures happen instantly.
  • Deposit Fees: It is subject to Neteller’s fees
  • Applicable Currencies: AUD, USD, GBP, EUR, SGD

Broker-to-Broker Transfer

  • Processing Time: Procedures usually take 2 to 5 business days
  • Deposit Fees: It is subject to the fees required for bank transfer 
  • Applicable Currencies: AUD, USD, GBP, EUR, SGD, JPY, NZD, CAD

Thailand Instant Bank Wire Transfer

  • Processing Time: Procedures usually happen instantly
  • Deposit Fees: $0
  • Applicable Currencies: USD

FasaPay

  • Processing Time: Instant processing
  • Deposit Fees: $0
  • Applicable Currencies: USD

To Conclude

Vantage is undoubtedly a great ECN broker that offers a low minimum deposit. However, there might be some deposit methods with the broker, which might incur fees up to 2.5%. This entirely depends on your deposited amount. To better understand Forex and its trading methods, you can check out our article on the Vantage FX review.

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