Vantage Review 2024: Read Before You Trade

vantage fx review

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. There is an inbuilt alert system to keep track of price movements and a built-in economic calendar to keep track of the latest financial news all within the platform.

vantage fx review

VantageFX Review – A Thorough Look At This Forex Broker

  1. To this, we will also say that if you are in Australia or the UK, VantageFX is a broker of worthy consideration because in addition to good spreads, the commissions are some of the best we have seen.
  2. However, they do accept clients from the UK and other countries, subject to certain regulatory restrictions and requirements.
  3. While not entirely unique, the VantageFX demo account has no expiry date (some brokers limit the account to 30 days) which is a good thing as you will not be pressured to sign up before you are ready.
  4. Of course, it’s always a good idea to hold only a fraction of your trading capital in any one trading account at one time.
  5. However, RAW ECN account and PRO ECN account holders will pay at least £1 per standard lot, per side.

VantageFX offers a mobile trading app that is available for both iOS and Android devices. The app allows traders to manage their accounts, monitor their positions, and place trades on the go. The app has a user-friendly interface and provides access to real-time Forex market data and analysis tools. To provide each trader type with an account that matches their needs, Vantage offers a varied pricing and fee schedule depending on user priorities. The straight-through processing order execution (STP) account and Swap-Free Trading Account/s incur no commissions with spreads that start at as low as 1.4 pips.

How can I open an account with Vantage?

With VantageFX, you can trade through a broker that is reliably and securely regulated around the world by numerous top regulatory bodies. The customer service support at VantageFX is available on a 24/5 basis through email, telephone contact, or their website based message service. Any contact made was followed up quickly and with useful information delivered in a professional manner. Vantage FX have a leverage cap in place at $5000 which might put off larger investors but it does have a low deposit requirement of just $200 which is lower than other brokers of this type.

vantage fx review

How do I deposit funds in an Vantage account?

Additionally, the brokerage is a member of the Financial Commission, which ensures the safety and security of traders’ funds and the integrity of the trading environment. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. An essential facet of my Vantage review is based on assessing the choice of retail and pro trader tools and informational support at your fingertips.

vantage fx review

The broker offers a range of account types to suit different traders’ needs, including standard accounts, Islamic accounts, and professional accounts. Regardless of account type, Vantage FX clients get access to MetaTrader 4, MetaTrader 5, WebTrader, and mobile apps for trading platforms. In terms of markets, all clients can access 40 currency pairs, 13 indices, and 20 commodities. As a platform primarily dedicated to forex and forex CFD trading, the forex trading on offer is generally pretty solid. Vantage gives users instant access to deep liquidity on the live currency markets across over 40 currency pairs. While quite limited when it comes to the more exotic currency pairs, all of the major currency pairs that you could hope to trade are covered.

With a Vantage FX MT4 or MT5 trading account, traders can seamlessly open short-term or long-term position trades in physical gold and silver. Also, they can trade in both long and short directions and can hedge their physical positions whenever they see the market turning. But will the trade ideas, trading tools, and sentiment analysis type information give you an edge in the markets? The Vantage platform also has trading tools, such as the sentiment indicators which are graphics showing whether Vantage clients tend to be long or short in a particular market. VantageFX is a non-dealing desk broker, using liquidity from liquidity providers such as tier-1 investment banks and prime brokers to offer straight-through processing (STP) pricing for their clients.

They are strictly supervised by the KYC and AML mandates to ensure the transparency to and of their clients. After you send the account opening request, your ID will go for a background check. This process may take a few days but the whole account opening process is totally free. Outside the core application, vegetation assets from the Chaos Cosmos online library can now be rendered with wind animation. Animated object visibility, render-time rounded corners, and ACEScg supportOther changes include the option to animate partial object visibility, making it possible to fade objects in and out.

When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage. Essentially, the broker lends the trader money so that the latter can open bigger positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. Vantage offers a variety of payment methods, including via bank wire, credit or debit card, multiple e-wallets, and crypto-wallets. The broker does not apply a handling fee on deposits or withdrawals, though third-party banking fees may apply. I performed my tests on a Raw ECN account using the desktop and mobile app versions of the MetaTrader 5 platform.

The broker incorporates the MetaTrader 4&5, and ProTrader platforms along with multiple trading tools and diverse research and education content. If you are using the Raw ECN, or Pro ECN account, then your minimum spread will drop to a starting point of 0 pips depending on the assets you trade, but a commission will be added. This commission starts from $2 with the Pro ECN, or $3 with the Raw ECN Account. As mentioned, the fees are very competitive at Vantage FX and where they start can depend on your account type choice. With the Standard STP account type, you will find a variable spread from 1.4 pips but you don’t need to worry about any commission. Trust and security are of vital importance no matter who you are trading with, or in which 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. For more than a decade, they have purpose-built their trading platforms and services to help you trade effortlessly and better capitalize on winning market opportunities. The Vantage ecosystem is not only a place for you to invest in financial assets, but a place for you to learn, explore and connect with other like-minded investors.

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