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Rating Index
Pros
Low minimum deposit of $10, making it accessible for beginner traders.
High leverage options up to 1:500, allowing for potentially greater returns.
Variety of account types available, catering to different trading strategies and preferences.
Cons
Unregulated broker, raising concerns about the safety of funds and overall trustworthiness.
Lack of transparency regarding spreads for many account types, which may lead to unexpected costs.
Limited educational resources and support for beginners, making it challenging for new traders to learn and improve.
Vitalmarkets broker Accounts
Vital Markets Account Type
Vital Markets offers a variety of trading accounts to meet the needs of different traders. The available account types include:
- Standard ECN/STP Account
- Leverage: Up to 1:500
- Typical Spreads: From 0.5 pips
- Commission per Lot: $5.00 - $7.00 (depends on spread)
- Minimum Deposit: $10.00
- Maximum Trade Size: 1,000 lots
- Minimum Trade Size: 0.1
- $0 Commission Account
- Leverage: Up to 1:500
- Higher Spreads
- Minimum Deposit: $10.00
- Maximum Trade Size: 1,000 lots
- Minimum Trade Size: 0.1
- VIP Account
- Leverage: Up to 1:500
- Very Tight Spreads
- Commission per Lot: $6.00
- Minimum Deposit: $25,000.00
- Maximum Trade Size: 1,000 lots
- Minimum Trade Size: 0.01
- Fixed Spread Account
- Leverage: Up to 1:500
- Typical Spreads: From 0.5 pips
- Commission per Lot: $5.00
- Minimum Deposit: $10.00
- Maximum Trade Size: 1,000 lots
- Minimum Trade Size: 0.01
- Micro Account
- Leverage: Up to 1:500
- Typical Spreads: From 0.5 pips
- Commission per Lot: $5.00
- Minimum Deposit: $10.00
- Maximum Trade Size: 1,000 lots
- Minimum Trade Size: 0.01
- Sign Up: Visit the Vital Markets website and click on the "Sign Up" button.
- Verification: Your account must be verified. You will need to submit valid identification documents for this process.
- Fund Your Account: Ensure you have funds in your wallet to create a live trading account.
- Create Live Trading Account:
- Tap the three horizontal lines on the top right-hand side of your account.
- Select "Accounts".
- Tap the "+ New Account" section.
- Choose the trading platform and account type of your choice.
- Select the currency and preferred leverage for your live account.
- Tap "Create Account".
- Receive Login Information: After completing the last step, you will receive an email with your login information for your newly created live trading account. Check your spam or junk folders if you cannot find the email.
Each account type is designed to cater to different trading styles and preferences, allowing traders to choose the one that best fits their needs.
Vital Markets Broker Account Opening Process
To create a live trading account with Vital Markets, follow these steps:
By following these steps, traders can successfully open an account and start trading with Vital Markets.
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