Vantage Review 2024: Read Before You Trade

But will the trade ideas, trading tools, and sentiment analysis type information give you an edge in the markets? The deposit options are especially good for traders in Australia, with a number of instant or completely fee-free options. The minimum account deposits depend on what type of account you’ve opened. All CFD trading products are available for spread betting and since https://limefx.club/ they both have the same underlying instruments, the spread or points will be the same. Spread betting accounts do not have commission costs in addition to the spread. If you’re a serious trader and you’re going to be doing a lot of volume, or making a large amount of trades throughout the day, you’ll probably want to save on trading spread costs with an ECN account.

Access 40+ Forex Pairs

It favors day traders because they can lock in more favorable entries into trades. Vantage incorporates the popular MetaTrader 4 and MetaTrader 5, along with the ProTrader platform. MetaTrader affords easy order execution, though its rugged design makes it somewhat difficult to execute probing technical analysis.

Trade with even lower costs

They provide coverage on current economic and financial news with potential market impact, focusing on various financial assets like gold, the US dollar, bonds, and more. ECN brokers utilize electronic execution of client orders since they operate as Over-the-Counter (OTC) derivatives brokers. The advantage of OTC trading over trading on an Exchange is that there is no need for a dealing desk, and client orders are filled much faster. Vantage offers multilingual 24/5 support via live chat, email, and phone. The broker incorporates the sophisticated VIVA chatbot, which quickly and effectively answers most types of questions. Vantage also has a pretty exhaustive FAQ section for more general queries.

Withdrawal fees

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. Vantage, as well as many other broking firms, could improve in this regard, especially with providing education and tools for the experienced trader. We’re quite strict on how we rate particular broking firms with regard to forex trader education, as we believe it’s an area the industry could greatly improve on. If you ever have a problem or an inquiry regarding your Vantage account, there are a number of ways you can contact the customer support team to have things resolved. 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.

What can you trade?

We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. Vantage operates under four entities regulated in various jurisdictions, including ASIC in Australia and the FSCA in South Africa. Based on my research of Vantage’s legal documents, I assessed that the broker complies with most safety regulations.

Vantage’s Account Opening Process

1. Considering the quality and depth of research that is made available by the best forex brokers such as IG, Saxo, and CMC Markets, there remains considerable room for Vantage to improve in this category.
2. Lastly, we have the Pro ECN account, which is extremely similar to the Raw ECN type.
3. The CFD broker offers the most popular energy commodities, such as crude oil, natural gas, gasoline, and heating oil, allowing you to take advantage of fluctuations in the prices of those commodities.
4. If you’re from Australia, you’re spoiled for choice, with a number of impressive deposit methods.

For instance, Debit/Credit Card withdrawal can only be used for accounts that made deposits using a Debit/Credit Card. One of Vantage FX’s VPS partners is ForexVPS, which allows users to simply log in to their servers through any stable desktop or mobile device. The broker offers access to ForexVPS free of charge for clients that have a minimum balance of $1000. This is unlike most financial firms that would charge a certain sum on trading accounts after a prolonged period of inactivity. Finally, let us compare Vantage FX Standard Account average spreads with those other major brokerages offer on the three most actively traded Forex pairs.

If you’re an active trader or professional trader, trading more than a few times per week, and you can afford the minimum deposit, you’ll almost definitely want to use the raw ECN account. 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. As an UK regulated Forex Broker, Vantage offers transparent access to global Forex markets. Environment with no dealing desk intervention will allow Forex traders to realise profits no matter how big they are. With an abundance of FX liquidity in our dark liquidity pool, Vantage is able to provide traders with the tightest Forex spreads available. At Vantage, we fully understand the importance of keeping FX trading costs to a minimum so you can maximize your total Forex trading profit.

It upholds the highest standards of regulation and compliance as required by the terms of its licence, with client funds kept under tightly controlled accounts that are kept segregated and tightly audited. Currently, the National Australia Bank acts as its custodian bank and it is regulated by the Cayman Island Monetary Authority (CIMA). Additionally, it also has indemnity insurance, meaning that user accounts and deposits are afforded a very high level of protection. Vantage currently offers CFD trading across forex pairs, indices, commodities, metals, energies and US/UK/HK/EU/AU shares. In total, Vantage offers 24 different CFDs across a range of different financial instruments and assets. Vantage provides Forex traders access to the most liquid global FX markets.

The WebTrader platform and the proprietary mobile app are both similarly easy to use, and beginner traders shouldn’t have an issue getting used to them. The forex market is the largest financial market in the world with a turnover of well over £4 trillion a day. Almost every single transaction on all tradable markets, including futures, bonds and stock markets all have a traceable forex trading impact. All banks, governments and companies are participants in this vastly liquid global FX market.

The Raw ECN account features the second-best conditions, and its extremely low deposit requirement makes it easily accessible to a wide variety of traders. Compared to the broader industry, Vantage offers an average number of currency pairs and a high number of commodities, indices, share CFDs, and cryptocurrencies. Vantage provides a diverse portfolio of over 940 instruments spanning various asset classes such as currency pairs, commodities, share CFDs, indices, cryptocurrencies, futures, and ETFs.

Against a minimum deposit of $200, Vantage clients can gain access to ProTrader’s Market Buzz, advanced charting capabilities, featured ideas, and other tools. Although Vantage is registered as a market maker, it primarily sources its liquidity from external entities, specifically banking institutions in the interbank market. Consequently, it functions more like an ECN (Electronic Communication Network) broker, offering its clients raw spreads directly from these external liquidity providers. Vantage provides two retail and one professional account, featuring ECN and STP pricing.

Based on our thorough, data-driven testing of each broker’s commissions and fees, we found that Vantage offers better pricing overall for traders. 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. 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. This includes a ‘refer a friend’ scheme, an active trade programme, a 50% deposit bonus, and a rebate scheme.

The Myfxbook AutoTrade tool allows you to seamlessly integrate copy trading into your Vantage investment account by connecting you to a growing network of over 90,000 forex traders. Similarly, ZuluTrade integrates into your Vantage trading account and gives you instant access to a network of over 10,000 professional day traders. Social limefx review trading is a great way to learn from the top traders in the industry, so it’s great to see Vantage supporting it so well. CFDs and Spread Bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.5% of retail investor accounts lose money when trading CFDs and Spread Bets with this provider.