Vantage Review
Minimum Initial DepositTraders are required to deposit $100 in order to open an account with VANTAGE FX, which is an average initial amount. In comparison, ASIC-regulated XM requires $5 and FOREX.com – $250 for its Mini account. Australian FX broker regulation, however, does not include any compensation scheme in case a licensed company becomes insolvent. Established in 2009, VANTAGE FX is an award-winning NDD broker, offering online trading in more than 40 currency pairs, commodity & indices CFDs and binary options. Vantage FX Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this VantageFX Review.
- In this review, we have attempted to collate some of the vital facets of Vantage FX.
- All of the deposit and withdrawal options come with zero fees from VantageFX themselves, but some options may have fees from a specific bank or financial company.
- Vantage FX offers a range of account types to cater to the needs of its clients.
- Vantage have developed and maintained partnerships with some leading financial companies in order to provide you with a comprehensive brokerage service.
Overall, Vantage is a multi-regulated CFD broker with a great choice of industry leading platforms and very powerful trading tools. There is everything you would need to conduct professional market analysis. You can copy other traders, develop your own strategies and run automated systems. I like that they have a reasonable selection of trading instruments across multi-asset classes but think they could perhaps add some more.
Vantage offers three live accounts, which is average compared to other brokers, and its accounts are suitable for both beginners and more experienced traders. Vantage will appeal to traders who value low trading costs, a wide range of platforms, copy trading and excellent education and market analysis. High volume traders will also be interested in the PRO ECN Account with some of the lowest commissions in the industry. Alison Heyerdahl is the Head of Content at FxScouts and a financial writer with extensive experience in Forex trading, broker analysis, and market research.
Select an account type (Standard STP, Raw ECN, or Pro ECN), platform (MT4 or MT5), base currency, and leverage. These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to our users. Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs.
Vantage’s proprietary ProTrader platform stands out with its robust charting and professional design. It is powered by TradingView, which is arguably the https://traderoom.info/an-overview-vantage-fx/ best charting software in the industry. Price action is represented clearly and in great detail, and traders can easily scale the charts up and down and examine minor alterations. However, its dated and rugged design is inferior to newer and sleeker platforms. As a trader who prioritizes flexible charts that are easily scalable, I find MT5’s charting capability too rigid and less effective.
Spreads and Commissions
Vantage Markets offers several account types, including Standard, RAW ECN, and Pro, catering to different trading styles and budgets. Completing all steps in the registration and verification process gives you absolute control over your account, allowing you to deposit, trade, and request withdrawals. In our experience, the process requires approximately 15 to 20 minutes if you upload legible files during verification. Customers registering through the offshore entity are not required to pass experience and knowledge tests during the registration process. Deposits are instant with most accepted methods except for bank transfers and broker-to-broker transfers, which take up to 24 hours and 3 to 5 business days, respectively.
Trading platform
- Experienced traders will also appreciate the free forex VPS, as well as various advanced plugins for the MetaTrader and ProTrader platforms.
- However, I also feel like they should make them freely available to all account holders, regardless of your investment size.
- Vantage offers sentiment indicators as a valuable tool for clients to gauge the overall market sentiment toward specific financial instruments.
- 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.
- Since spreads directly impact trading costs, Vantage’s razor-thin pricing ensures clients maximize profit potential while trading major forex pairs and over 1,000 CFD instruments globally.
It includes a diverse mix of lower-risk securities like ETFs and bonds, alongside higher-risk, high-yield assets such as indices and cryptocurrencies. Additionally, the broker provides a solid selection of futures contracts, catering to swing and position traders. Brokers operate multiple entities globally, but regulatory protections vary. Some regulators enforce stricter financial standards than others, so traders should understand the safety measures of the entity they choose to open an account with. All three available platforms—MT4, MT5, and ProTrader— support one-click trading.
Non-Trading Fees
Overnight fees apply to positions held beyond the market close, based on instruments and market conditions. Vantage does not charge any account maintenance fees, ensuring cost efficiency. Vantage requires just a $50 minimum deposit, making it an ideal starting point for beginners or those wanting to test the platform. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. Accounts can be opened in a great range of currencies including AUD, USD, EUR, GBP, SGD, JPY, NZD, CAD.
Raw Account Commission Rate
Big one being TradingView integration, so now I can get the cleanest charts for TA. Makret Buzz is also really good if you’re a news trader and the so called Featured Ideas aint bad for sparking the trading juices though the setups aren’t right for my ultra- short term game. Compare the markets and instruments offered by Vantage and its competitors.
Instead of these charges, an administration fee is applied to these positions that are deducted from the account holder’s balance. Swap Free accounts give access to a wide range of products, including forex, shares, commodities, ETFs, and bonds. Besides, traders can make use of customizable charts, indicators, and drawing tools to make the best out of their trading. The Vantage PRO ECN Account delivers optimal conditions for professionals or those who prefer commission basis. Account offer very small commissions of $1.50 with spreads starting from 0.0 pips.
Standard Account Fees
Yes, the mobile app offers high-level security features, including biometric login options, to ensure the safety of your account. Yes, Vantage Markets offers a range of cryptocurrencies for trading, including Bitcoin, Ethereum, and Litecoin. Vantage Markets facilitates seamless and versatile deposit and withdrawal processes, catering to a global clientele with diverse preferences.
We are not liable for losses that resulting from the information provided on our site. While all three accounts have different Vantage FX spreads, minimum deposit, and commission, you will get 44 Currency pairs, 16 Indices, 19 Commodities, and 226 Share CFDs on all accounts. Vantage offers a web trading platform through MetaTrader 4 and MetaTrader 5. You can get access to these platforms using any browser securely from anywhere. Whether you have Windows, MAC, or Linux, you can access Vantage WebTrader from any of these systems. The app will provide an easy way to access the traders’ info as well as offer trade on the go.
But I couldn’t reach the link the customer service gave me, so i get log in to vantage manually. But everytime i reach out to the support team, i am met with polietness, patience, understanding, and an eagerness to help. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. In conclusion, I rate Vantage as a great choice for traders of all types and with all kinds of background experience. It includes hundreds of written articles, comprehensive courses, frequent webinars, a detailed ebook, and more.
Vantage currently supports three types of accounts, of which the most accessible is the standard STP account, which obviously supports STP execution. On some of their (ECN) account types, their spreads start from 0 pips (such accounts do charge a commission though). Thanks to MT4, as well as MT5, the broker offers its users access to some of the best existing solutions for online trading. Learn how regulators protect traders and how the Forex market is regulated. The broker’s “Market Outlook” articles highlight potential trade setups around major events such as FOMC decisions, NFP releases, or earnings season.
Vantage offers a suite of cutting-edge trading platforms designed to cater to traders of all skill levels and preferences. These platforms provide advanced tools, seamless execution and user-friendly interfaces, ensuring a premium trading experience. Vantage, a globally recognised online trading platform based in Sydney, was launched in 2009. Over the years, it has established itself as a reliable broker that caters to traders with diverse preferences.
