Trading Accounts

Frequently Asked Questions

• 1

  What is a trading account?

  A trading account is an account opened with a broker that allows traders to engage with a wide range of offered assets. Whether you are from South Africa, Kenya, Botswana, Nigeria, or beyond, utilising the trading account, traders can buy or sell securities such as stocks, commodities, or foreign exchange. It serves as your personal account for day-to-day trading.

• 2

  What is the best trading account to open?

  The best trading account varies from one individual to another, as it depends on your personal needs and goals 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 be applicable 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 beginner start trading with?

  The initial amount that you deposit would depend on your financial circumstances and also goals in trading. You can start with as little as $50 with Vantage. If you plan on making larger trades, a bigger initial deposit could reduce the need for multiple deposits. For beginners, 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.