We found VantageFX to have tight spreads and low commissions, beyond that the Forex broker is quite generic with MT4 and MT5 trading platforms and 50+ Forex pairs along with other CFD products. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
- At Vantage, traders enjoy access to an extensive selection of currency pairs, encompassing major pairs like EUR/USD and GBP/USD, as well as a wide range of minor and exotic pairs.
- Vantage’s market research is well-calibrated for traders with different backgrounds – from inexperienced newbies to seasoned professionals.
- It has a straightforward interface, considered easy-to-use for both novice and experienced traders alike.
- The spreads for Perpetual account holders start as low as 0.1 pips, with a small commission of 0.025% attached per each side of a trade.
Super service
No, Vantage FX forex trading broker does not accept clients from the United States. To enhance financial stability and demonstrate robust standing, Vantage FX maintains a minimum capital of at least $1 million, as required by ASIC regulations. This financial strength serves as proof of the broker’s commitment to maintaining a secure trading environment. They have a lot of features so that you don’t have to take a high risk on your deposited amount. Features like Social Copy Trading with multi-dimensional platforms make it more viable. Vantage FX provides a high-speed fiber-optic network spectated by Equinix to guarantee fast execution.
Although we found their MT5 lacks compatibility for reverse trading strategies, their MT4 ensures you an outstanding trading environment through its add-ons. Vantage FX provides unique support through their MT4/MT5 platforms rather than their other competitors in the market. They offer different types of additional tools and add-ons along with their MT4 and MT5 platforms. Yes, Vantage is a legitimate broker that is authorized by multiple regulators, including the ASIC and FCA. There’s no evidence of scams or malpractice based on my research and the broker segregates client money and offers negative balance protection, so you can’t lose more than your deposit. The platform’s social trading features allow you to build a following and earn commissions on copied trades.
In addition to Vantage’s spreads and commissions, traders must be familiar with the broker’s overnight funding costs. They are also known as swap rates or the rollover interest rate for keeping positions active overnight. Vantage FX is an ECN broker, meaning it uses electronic communications networks to give clients direct access to other traders in the forex market. 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.
Vantage Execution Model
Vantage provides research primarily from third-party content providers such as Trading Central. The broker also has some basic features, such as an economic calendar and client sentiment data. Still, Vantage lacks a variety of in-house content besides its daily videos, compared to other forex brokers. Unlike other brokers that charge fees for deposits, and on inactive accounts, Vantage does not generally charge any non-trading fees. Compare top platforms, fees and features to make an informed trading choice.
We could easily trade crude oil, natural gas, Brent crude, and even more exotic options like low sulfur gasoil. When it comes to the range of trading instruments available with Vantage, there are plenty, but not as many as companies like Pepperstone or IC Markets. When all of that was complete, we were ready to deposit funds into the account. Up next, we had to share some basic details regarding our trading history and experience. Next, we had to share details of our employment status and financial position. Vantage is required to do this due to regulatory KYC (Know Your Client) processes.
The default dark mode workspace is easier on the eye, especially when layering color-coded indicators and graphical objects. Looking at the negatives, the user experience of the client dashboard isn’t as seamless as other brokers in my view. I want to stress that while leverage can boost potential profits, it can also cause significant losses. I strongly recommend employing risk management tools such as stop-loss orders. As you can see from my comparison of suitable alternatives below, Vantage rivals popular brokers when it comes to the breadth of markets.
Do Vantage FX provide any bonus or offer?
In addition, Vantage FX offers its users a friendly platform, with an easy-to-use interface that can be accessed via desktop, tablet or smartphone. The broker offers commission-free trading and average swaps, making it an attractive choice for cost-conscious traders. Additionally, Vantage has no non-trading fees, apart from a $20 withdrawal fee for international bank transfers. Vantage ensures that traders can trade on the go with its mobile trading apps, compatible with both iOS and Android devices. The Vantage App allows users to manage their accounts, monitor markets, and execute trades anytime and anywhere. The app’s interface is designed to be user-friendly yet comprehensive, providing both novice and professional traders with the functionality they need at their fingertips.
For a standard STP account, they charge 1.4 pips which is also a moderate charge. Experienced traders will also appreciate the free forex VPS, as well as various advanced plugins for the MetaTrader and ProTrader platforms. As with many other mobile apps I’ve tested, you cannot run any detailed technical analysis in the Vantage app since it doesn’t offer any indicators or drawing tools. This isn’t really a major drawback for me as I prefer the wide-screen functionality that you get on the desktop and web platforms. However, this is standard practice and Islamic accounts avoid this charge, though an admin fee is levied instead.
Risk Management Basics
In the case of trading, a swap fee (sometimes called an overnight charge or rolling fee) is considered a form of riba and is therefore not permitted. For this reason, a Swap Free Islamic Accounts is available provided you can prove your eligibility. If you’re a serious trader and you’re going to be doing a lot of volume, or making a large https://lunarcapital.world/ amount of trades throughout the day, you’ll probably want to save on trading spread costs with an ECN account.
Vantage fees
Vantage is trustworthy based on my thorough background checking and research. The broker’s global user base, strong regulatory oversight and collection of industry awards are reassuring. The firm also uses important safety measures including segregated client accounts. The only downside is that you don’t get access to a library of additional indicators or trading robots. With this in mind, I think ProTrader terminal is a better choice for intermediate traders or those who aren’t interested in exploring automated trading features.
- The Standard accounts are particularly appealing for those new to trading or those who prefer a simpler trading cost structure, as they come with no commission fees.
- All the trading platforms supported by Vantage are also available as mobile and tablet downloads – allowing traders to keep track of their open positions while on the move.
- This broker is a worthy one because you can trade from a huge pool of assets, the trading terms are quite competitive, it has various educational resources, and protects customer funds.
- Vantage offers several types of trading accounts designed for traders of all experience levels.
- Vantage FX also provides a library of over 130 videos as part of its Pro Trader videos.
Content ranges from short introductory clips for beginners to longer advanced concepts across forex and CFD trading across various markets. Again, one has to make an initial deposit of 1,000 USD to gain access to this material. An STP/ECN broker, Vantage offers two accounts with minimum deposits linked to tighter spreads and lower trading costs.
I ask about adding an IB code or partner code to my existing vantage account and Jake was able to help me quickly with my concern. He provided me the steps on how to add or transfer an IB to my existing account without needing to delete and create a new one. Though they claim their deposit system to be completely free of cost, we observed some exceptions while testing the payment methods. Like, transferring money from Neteller or Skrill may cost a little from their fee policies. Also, if you are depositing through China Unionpay, you will be charged 1.30%-2.50% of the transferred amount.