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0.0 spreads
from
$0 Commission
from*
30:1 leverage
up to**
$50 minimum
deposit
$0 deposit
fees***
When you’re trading Forex, sometimes you’ll notice a slight difference between the price you expect and the execution price (the price when the FX trade is completed). When this happens, it’s known as slippage. It’s a common thing to experience as a Forex trader and it can work either positively or negatively.
The main reasons for slippage are Forex market volatility and execution speeds.
When a market experiences high volatility it generally means there’s low liquidity and market prices fluctuate very quickly. Where this affects Forex traders is when there’s not enough FX liquidity to fill an order at the requested price. When this happens, the liquidity provider will complete the trade at the next best price.
Another cause for slippage is Execution Speed. This is how fast your Electronic Communication Network (ECN) can complete your trade at the price you want it to. With market prices changing in fractions of a second, having faster execution times can make a difference, especially on large trades.
For information on price gapping, please refer to page 16 of our PDS here.
Say that the price of the AUD/USD was 0.9010. After analysing the market, you speculate that it’s on an upward trend and long a one standard lot trade at the now current price of AUD/USD 0.9050, expecting to execute at the same price of 0.9050.
The market follows the trend but goes past your execution price and up to 0.9060 very quickly – within a second. Because your expected price of 0.9050 is not available in the market, you’re offered the next best available price. For the sake of the example, that price is 0.9045. In this case, you would experience positive slippage:
0.9050 – 0.9045 = 0.0005, or +5 pips.
On the other hand, let’s say your trade was executed at 0.9055. You would then experience negative slippage:
0.9050 – 0.9055 = -0.0005, or -5 pips.
It’s important to note that slippage can occur with all types of requested orders including Stop Loss, Take Profit, Buy/Sell Stops and Buy/Sell Limit Orders. As Vantage uses market execution, we cannot guarantee such orders.
We operate under Market Execution and for this reason, we are unable to fill a Forex order that no longer exists. If your requested price is no longer available, your order will be filled by our FX liquidity providers at the going market rate.
SPREADS FROM
0.0
Pips on FX
¹on a Vantage Standard account.
1
Complete and submit your application.
2
After your account is approved, fund your account using a wide range of funding methods.
3
Access 1000+ CFD instruments across all asset classes on MT4 / MT5.
That's it, it's that easy to open a Forex and CFD trading account.
Welcome to Vantage!
About us
Vantage is a global, multi-asset broker offering clients access to a nimble and powerful service for trading CFDs on Forex, Commodities, Indices, Shares and more.
With more than 10 years of market experience and headquartered in Sydney, Vantage is part of the group that has over 1,000 staff across more than 30 global offices.
Vantage is more than a broker. It provides a recognised trading ecosystem that enables its clients to achieve in their own trading journey, in a fast and simple manner.
Be empowered to better capitalise on market opportunities when you trade smarter @vantage.
Contact us
1300 945 517 (Australia)
+61 2 8999 2044 (International)
Level 12, 15 Castlereagh Street, Sydney, NSW 2000
Client deposits
National Australia Bank (NAB)
Vantage FX Pty Ltd (ABN 31 140 903 886, AFS Authorised Representative no. 343547), located at 12/15 Castlereagh Street, Sydney, NSW, Australia, 2000, is a corporate authorised representative of Vantage Global Prime Pty Ltd and may provide financial services on behalf of Vantage Global Prime Pty Ltd. Email address: [email protected].
Vantage Global Prime Pty Ltd (ABN 32 157 768 566) is authorised and regulated by the Australian Securities & Investments Commission (ASIC) AFSL no. 428901. Vantage Global Prime Pty Ltd is the issuer of the products described on this website and Product Disclosure Statement (PDS) and is authorised to provide financial services in Australia.
Risk Warning: Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't take into account your personal objectives, financial circumstances, or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice if necessary.
You should consider whether you’re part of our target market by reviewing our Target Market Determination (TMD), read our Product Disclosure Statement (PDS), and other legal documents to ensure you fully understand the risks before you make any trading decisions. We encourage you to seek independent advice if necessary.
Website Disclaimer: The information on this website is for Australian residents only. Any translation of this website we may provide is for the purpose of assisting our local clients with non-English speaking backgrounds.
The information on this site and all matters relating to it are governed by and are to be construed according to the laws applicable in the State of New South Wales and the Commonwealth of Australia (Australian law).
Though this website may be accessed from outside Australia, the use of this site and the services of Vantage Global Prime Pty Ltd are not intended for residents outside Australia or by any person in a country or jurisdiction where such distribution or use would be contrary to local law or regulation.
*$0 Commission offered on Vantage’s Standard account. Other fees and charges may apply.
**30:1 leverage applies to FX majors only. Other CFD products carry lower leverage limits in compliance with ASIC’s Products Intervention Order.
***International bank wire transfers may incur fees charged by your financial institution. Please check with your bank for more information.
**** Gold CFDs including XAUUSD, XAUAUD, XAUEUR
1Awarded to Vantage Group
2$0 Commission offered on Vantage’s Standard account
3Awarded by Ultimate Awards
Copyright © 2023 Vantage Global Prime Pty Ltd. All rights reserved.
0.0 spreads
from
$0 Commission
from*
30:1 leverage
up to**
$50 minimum
deposit
$0 deposit
fees***