Thus, considering all the factors through this detailed VantageFX review, Vantage is considered a low-risk broker and is not a scam. VantageFX, rebranded as Vantage Markets is a registered multi-asset CFD provider in Vanuatu. However, it is restricted to operating in Canada, China, Romania, Singapore, and the United States. To help out our readers & potential platform users, we created an in-depth Vantage FX Review and listed out the 10 key considerations you should look at before starting to trade with Vantage.
Pro ECN Account
You can get a demo account with nearly all brokers but I always feel it can be a good way to test the service of a particular broker to get a rough idea of what to expect. The PRO ECN is aimed at professional traders and money managers who need to trade high volumes. The minimum deposit required is $20,000 with variable spreads starting from 0 pips and commission from $2. Vantage have partnered with Trading Central to provide you with award winning technical analysis and daily market commentary from expert market analysis teams, covering 70 tradeable markets.
Top Features
The value of your investment may fall as well as rise and you may get back less than your initial investment. There’s also a tick box that you must fill to confirm that all open positions have been closed and account funds have been withdrawn from your live trading account. If you have already withdrawn the amount deposited from your original deposit method, you may only withdraw via bank transfer. That’s because all profits must be sent to a bank account linked to your name, as per Vantage’s anti-money laundering (AML) and CTF regulations. No internal fees are charged for deposits or withdrawals to or from a Vantage client account.
Traded Instruments
We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Based on the Vantage FX Review, it appears to be a reliable and competitive broker for forex and CFD trader. Its range of account types, competitive pricing, and extensive trading platform options provide traders with a range of choices to suit their needs.
Compare Forex Brokers
For the purposes of this example, we will be looking at how to place a forex trade through the MetaTrader 5 integration you can find on the Vantage platform. After you have provided Vantage FX with your personal information you will be asked a series of questions related to your employment status, income, and general financial wellbeing. These questions are required for compliance with anti-money laundering legislation requirements. We noted in the pros and cons section above that one of Vantage’s shortcomings was their lack of available assets.
Below is my view on the tools that I think elevate the trading experience. What you can do, though, is easily view live chart data alongside corresponding analysis and events all on the same page, which I thought was highly intuitive. I also like that clicking on each chart opens it up in full-screen landscape mode, so you can pinch and zoom for a greater level of detail. In terms of the look and feel, I personally find trading on this software a more enjoyable experience than MT4 and MT5.
Trading Tools
- Vantage currently offers CFD trading across forex pairs, indices, commodities, metals, energies and US/UK/HK/EU/AU shares.
- For traders outside of those particular countries, your account will be regulated by Vanuatu’s VFSC (Vanuatu Financial Services Commission).
- Since this account uses micro-lots rather than standard lots for trading, your required capital (and therefore risk) is far lower.
- While the account creation is swift (can be completed within 5 minutes), it may take up to 24 hours to get your trading account verified.
With over 13 years of market experience and regulated in multiple jurisdictions, Vantage provides a trusted trading ecosystem that empowers clients to seize trading opportunities. 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. There is a section on the Vantage FX website dedicated to free tools for clients.
This is good for accessing the platform on any device, even if it is not your own. The web trader keeps the same intuitive interface and majority of functions as the desktop platform. MT4 offers 9 https://limefx.group/ different chart timeframes and 3 different chart types (line, bar and candlesticks). You can load charts of all trading instruments in multiple windows and customise them to suit your preferences.
Overall, Vantage FX offers a good pricing environment and caters to traders of all experience levels. However, it does not publish its average spreads or swap rates on its website. The Standard Account has trading costs included in its variable spreads, while the Raw and Pro account offers raw spread pricing in exchange for a commission per lot. You will limefx company reviews have access to dozens of charting tools and indicators across all variations of the platform that prioritizes the ability to customize your trading experience. On mobile, the platforms are equally as powerful with access to the same detailed functions in an easy-to-use app. All information contained herein should be independently verified and confirmed.
The company has been in operation since 2009 and is based in Australia although they have now expanded to many locations and boast a worldwide trader base. The owner(s) of this website may be compensated to provide opinions on products, services, websites and various other topics. Even though the owner(s) of this website receives compensation for our posts or advertisements, we always give our honest opinions, findings, beliefs, or experiences on those topics or products.
The exact breakdown of the assets you will have available to trade will depend on your Vantage FX account type choice. You have several account types to choose from that will depend on your trading profile and needs. Most popular of these choices are the Standard STP Account that has a minimum deposit of $200, more than 150 assets available to trade, and spreads starting from a variable 1.4 pips. Another great choice is the Raw ECN Account that provides for a lower spread from 0 pips but adds a commission from $3 per side to your trade and requires a $500 minimum deposit. In addition to all the other account features available, Vantage has also got a number of other bonus features that make an account with it even more appealing.
Myfxbook Autotrade is one of the most popular copy trading platforms on the market. The AutoTrade service is an online FX trade copying platform with over 90,000 FOREX traders. This service allows you to copy the trades of any system you select directly into your Vantage FX MetaTrader 4 account. The broker provides an excellent selection of educational content for traders of all levels. This includes detailed guides, videos, and step-by-step tutorials on everything from how to get started in trading, to getting the most out of their trading platforms. With more than 13 years of market experience, Vantage has over 2,000 employees in more than 30 offices globally.
Residents of China should note that this interest promotion is not offered in that region. Vantage FX does offer a demo account and it takes less than 30 seconds to sign up for one. Additionally, those who already hold a live account with Vantage FX can take advantage of an Unlimited MT4 and MT5 demo account.
By reading this snapshot of the market, however, traders will get an idea of the average trader’s mindset and therefore take advantage of the supply/demand imbalances that may result. Vantage FX offers support for MT4 and MT5 platforms in addition to the Vantage FX App (but this will be covered in the mobile trading section). Overall, Vantage FX offers a decent range of funding and withdrawal methods, which are generally free, and average processing times. Some of the most overlooked trading costs are the non-trading fees that are charged by brokers.
My tests have shown that trading fees at Vantage are fairly competitive but not the lowest I have seen. The STP account does offer zero commissions but wider spreads from 1 pip. The ECN account is a good option for active traders looking for zero-pip spreads and low $3 commissions. For beginner traders, I appreciate the low $50 minimum deposit, unlimited demo account and selection of educational materials. The in-house platform is easy to use and there are hundreds of popular assets to trade.
The analyst views provide expert trade ideas that are an exclusive market research solution which combines senior market analyst expertise along with algorithmic pattern recognition. A Virtual Private Server (VPS) is a remote machine in the cloud that can run your trading platform 24/7 without you needing to have your own computer switched on. This can be useful for those who wish to run an automated trading system around the clock or who need a more reliable connection to the trading server if their internet connection is lagging. When it comes to managed accounts for manager and investors, this is one of the best solutions I have come across.
This is fanastic if you are a scalper who needs the lowest possible spreads at all times. This platform has reliable IT infrastructure, reliable technical support, proven liquidity, and a low-latency trading environment. It is fully customized with scaling designed to serve Vantage FX clients via the increase in liquidity options as well as the lightning-fast execution of trades. Vantage FX is transparent with strong regulation, lets clients trade on the powerful MetaTrader 4 and MetaTrader 5 platforms, and offers lightning-fast trading execution. It also offers the ability to trade forex, commodities, cryptocurrencies, and indices. Vantage FX prides itself on delivering better service and access to the forex markets than competitors, both for retail and professional traders.