Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. This average customer rating is based on 3 Vantage customer reviews submitted by our visitors. Compare the markets and instruments offered by Vantage and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
What Can I Trade
Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. I think Vantage is the benchmark when it comes to withdrawal via Crypto transfer. Quick deposit and withdraw however customer support is lucking, You take long in the queue and no one wants to wait for too long before being worked on. However, the specific amount of leverage you are offered may also depend on your level of trading experience and the jurisdiction you are trading from. The minimum deposit for Standard STP and RAW ECN accounts at Vantage FX is set at £200 and £500 respectively.
Swap-Free Account
Beyond the tight spreads and commission, VantageFX is a relatively generic broker offering MT4 and MT5 with a good range of CFD trading products. Yes, Vantage offers a decent mobile app which offers access to account management features and trading tools whilst on the move. The application allows you to place trades, follow market news and create watchlists, but I learned that it isn’t the best for serious charting and technical analysis. MT5 has 21 timeframes compare to MT4’s 9 timeframes as well as support for more order types and additional built in technical indicators for further market analysis. The netting and hedging position accounting system lets traders maintain full risk management control of their account.
Table of Contents
Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. Here is a screenshot of Vantage live quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Finally, let us compare Vantage FX Standard Account average spreads with those other major brokerages offer on the three most actively traded Forex pairs.
Trading Environment
Traders using the Vantage MT4 platform are gaining an edge on global Forex markets with substantial improvements in execution speed and a transparent price feed across all asset classes. The range of trading platforms is solid, you can trade on the web, mobile, Meta Trader and ZuluTrade. Fortunately, Vantage offers its clients high level customer support through both online chat functions and phone support. Similarly, customers also have the option of contacting customer support via email. However, according to customer feedback the email option has yielded mixed results. As such, we would advise you to contact Vantage through either its online chat function or directly on the phone.
Vantage offer professional money managers fully customisable multi account manager solutions via a MAM console in partnership with MetaFX. The administrative side is handled in house so users can fully focus on the trade management aspect. There are a number of professional traders who use the platform which has been thoroughly tested to ensure its stability and flexibility.
We noted in the pros and cons section above that one of Vantage’s shortcomings was their lack of available assets. Although Vantage does not have the widest range of tradable assets, let’s take a few moments to look at what you can trade through the Vantage FX platform. Although designed for an Australian user base, the Vantage brand and platform has grown to accommodate users from across the world and now boasts a truly global user base.
These questions are required for compliance with anti-money laundering legislation requirements. Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website. Vantage offers bank wires, credit/debit cards, BPAY, POLi Payments, limefx official site JCB, UnionPay, Skrill, Neteller, AstroPay, and FasaPay. I rank trading costs among the most defining aspects when evaluating a Forex broker, as they directly impact profitability. The broker charges a commission of $3.0 per lot per side ($6 round trip) on the Raw ECN account and $2.0 per lot side ($4 round trip) on the Pro ECN account.
Founded in 2009, Vantage is the brainchild of a highly specialised team with backgrounds in finance, forex trading and fintech. Delivered through powerful trading platforms, Vantage puts significant emphasis on user trust and transparency, which is backed up by an award-winning customer support team. This combination has helped Vantage to become one of the market leaders in the Australian market. Vantage is a multi-regulated ECN broker with powerful trading platforms and account types to suit different trader needs. Vantage gives you award-winning customer service, a range of trading products, tools, educational resources and convenient account funding methods.
You may need to verify your account to remove limits on particular methods in some countries. All funds deposited into your trading account must be under the same name as your Vantage trading account. Whether you are a scalper, swing trader, or long-term trader, you can filter trade ideas by time frame, indicators, and candlestick patterns to find the best setups for your trading style. Vantage clients also get free access to some exclusive MT4 indicators from Trading Central.
Upon verifying your account, you will have to fund your account using any of the available payment methods before you can start trading. Just a couple minutes after we’d started the process, we were picking our desired currency to keep our account in, and the specific account type we wanted to open. With Vantage, there are a number of educational resources, mainly aimed at beginner traders who are new to forex and CFD trading. Vantage is also a member of The Financial Commission which is a body formed exclusively for solving any disputes between brokers and traders in a smooth, seamless manner.
They are online platforms that facilitate trades by connecting buyers and sellers for every transaction. Selecting the appropriate brokerage account for you is one of the most important decisions you will make in your trading career. The brokerage account you select will have an impact on everything from the fees and commissions you are liable for to the assets you have access to trade. With interest in trading and investing skyrocketing since the 2020 crash, it is now more vital than ever before for you to sign up to a reliable brokerage when you begin your trading career. Traders get the full suite of MT4/MT5 trading platforms, consisting of a desktop version for algorithmic traders, a lightweight web-based version for manual traders, and a mobile app. Vantage also developed a proprietary mobile trading platform, Vantage App.
As is standard, withdrawal requests must use the same method as your deposit up to the original amount deposited. After this amount, you can select another https://limefx.name/ withdrawal method from the same options as deposits. Vantage FX does offer a demo account and it takes less than 30 seconds to sign up for one.
I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Whether you are a novice, or a professional trader, all clients can now benefit from receiving daily market analysis as it happens. The platform becomes even more powerful once it is connected to the brokers deep FX liquidity pools via the custom made oneZero™ MT4 Bridge. Vantage has worked hard alongside MetaQuotes to fine-tune their fibre optic network and servers to fully exploit MetaTrader 4’s Forex trading capabilities.
- However, Vantage trails industry leaders in key areas such as research and education.
- Fortunately, my Vantage review confirms that it is licensed with the FCA, which means it must abide by the FCA’s strict compliance regime.
- I found that there are five levels (Explorer to Legend), with better returns as you attract more traders.
- This means that no matter your trading style or system, the MT4 platform has a custom charting option exactly for you.
To get started, simply choose from the list of Spotlight or Signals providers, decide how much you want to trade, and add any risk management parameters. In addition to copy trading features, Myfxbook Autotrade offers journal features where you can keep track of your trading history. Experienced copy traders who deposit $2,000 can copy up to 12 strategies in the DupliTrade platform. Whilst you clearly won’t get the same experience as the desktop platform, you will get an abundance of real-time data and forex market research straight from the palm of your hand.