I like that this ensures there is no conflict of interest between my trades and the broker. An experienced media professional, John has close to 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 ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
If I had to wait around days for a bank transfer to clear, then the opportunity may have passed me by. Vantage let you trade a range of assets and financial markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals and Energies. They have a generous selection although not quite up there in terms of quantity when compared to IG who have over 17,000 to choose from.
Morgan, HotSpot FX, National Australia Bank (NAB), Citibank, BNP Paribas, HSBC, Royal Bank of Scotland (RBS), Credit Suisse, Goldman Sachs, Bank of America, UBS and more. They have some of the best liquidity providers that I have seen from any broker. The range of available markets at Vantage will depend on which entity regulates your account. The following table summarizes the different investment products available to Vantage clients. Here, however, service is often appalling, full of detached answers or simply non-existent. The waiting time isn’t really long, but the quality of the support itself is often very questionable and frequently just not useful in the slightest.
We strongly recommend that every trader implements a stop-loss order to prevent their losses from exceeding an amount they are comfortable with. After you launch MetaTrader5 you will be prompted to enter your MetaTrader5 log-in details. Please note that these details will be supplied to you by Vantage once your account is activated. Once you have logged in, your screen should look similar to the image below.
- Spreads start from 0.0 pips with the commissions-based accounts and 1 pip with the Standard account and we can say that overall the spreads with the RAW and Pro accounts are quite decent.
- Connecting a Vantage FX account with the AutoTrade tool is also relatively easy and allows traders to automate copy trading strategies and trade using the in-depth analysis and statistics of pro forex traders.
- This rating is based on our entire experience, from the initial contact to the final payment.
- ZuluTrade enables its users to locate successful and professional traders that are ranked by ZuluRank (a proprietary performance evaluation algorithm), and then follow their trades (copy trading).
- The broker requires a low minimum deposit fee of just $200 to start trading.
You will be able to decide between a limit order or a market order and the quantity that you wish to purchase. Although the image above may look complex to new or inexperienced traders, rest assured that the interface is actually very straightforward and you will soon be able to place trades effortlessly. Vantage FX does not charge any internal fees for deposits or withdrawals. However, payments to and from overseas banking institutions may attract intermediary transfer fees from either party independent of Vantage FX. Vantage FX’s financial institutional partners calculate the daily released rates using risk-management analysis. As a result, each forex currency pair has its forex swap charge, and interest is paid on currency sold and received on currency bought.
My Overall Thoughts on Vantage FX
The platform is under regulation in 3 jurisdictions, including CIMA and SIBL, and offers access to over 300 currencies, commodities, Share CFDs, Indices, and much more. Vantage FX provides forex traders access to the most liquid stock exchange Indices from across the globe, including the S&P 500, DAX, FTSE, DJ30, and more. CFDs are complex instruments that also encounter a high risk of losing money, & thus they require careful strategies to follow. In terms of trading circumstances, the broker definitely outperforms the majority of its rivals. In euros / US dollars, the entire cost of trading 1.0 lot is well below ten dollars. The spreads on most indices, equities, and commodities in commission-free trading are also beneficial.
- When all of that was complete, we were ready to deposit funds into the account.
- This variety allows it to offer industry-leading spreads as low as 0.0 pips on RAW ECN accounts, and 1.0 pips on Standard STP accounts.
- AutoTrade is a renowned online FX trade replication platform, hosting over 90,000 FOREX enthusiasts.
- MetaTrader is freely available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).
- 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.
Vantage FX, like most brokers, charges a fee based on the spread, or the difference between the bid and ask price of an instrument. Regulated by ASIC (AFSL #428901), Vantage FX client funds are held in a segregated bank account and they work with tier-1 banks. Vantage FX was established in 2009 and their head office is in Australia.
Support
It’s also possible to open a swap-free trading account with Vantage FX, which is one of the only forex brokers to support traders that cannot receive or pay swaps because of their religious beliefs. If you value choice in the financial markets, Vantage FX is equally effective, with access to 1,000+ assets and instruments via desktop or mobile. The Vantage mobile app also provides all-in-one support for those who plan to trade underlying assets on the move 24/5. In terms of broader trading support, my Vantage review suggests it’s up there with the best of them in terms of access to a wealth of fundamental and technical analysis. If you’re a trader that relies heavily on reacting to the latest news, developments, and analyst views, Vantage FX’s PRO Tools portal will certainly provide much at your fingertips.
Delays in withdrawing funds from the platform can be a product of technical issues, as well as intentional deliberating by the platform. It is unknown which is the cause of delays on Vantage FX, but the withdrawing process can take weeks at times. The conclusion is actually simple to draw – a lot of the VFX reviews on Trustpilot are from ‘invited’ persons, the people asked by the company to leave reviews about their wonderful experience. They still tell the truth, but it explains why there’s a lot more of them than there are negative reviews. You can educate yourself indirectly, because VFX has a separate page for virtually every aspect of trading in existence.
Vantage FX Account Opening Process
As per the broker review, the low trading fees (or spread), no inactivity fee, etc add up to the platform’s convenience for new traders. Vantage FX offers several channels like live chat, email, and telephone to let limefx broker reviews users connect to the customer service team. According to the various Vantage FX reviews, the live chat system is the fastest channel except during the peak business hours when the traders’ queries tend to pile up.
ECN or STP Execution
After users open an account and after the completion of the registration process, a minimal amount of $200 is required to be deposited to get started. The broker requires a low minimum deposit fee of just $200 https://limefx.group/ to start trading. The minimum deposit for Standard STP and RAW ECN accounts at Vantage FX is set at £200 and £500 respectively. The minimum deposit rises considerably to £10,000 for PRO ECN account holders.
Traded Instruments
The commission fees are competitive, and there are no additional fees on top of overnight financing charges. The broker provides traders with MT4 and MT5 demo account, which traders can use to practice their trading strategies on over 180 financial instruments without risking real money. The Vantage FX WebTrader platform features a simple and intuitive interface that is easy to navigate, with customizable trading panels and a wide range of trading tools and resources. Novice traders can use the platform’s demo account to practice trading in a risk-free environment, without risking their own money. Vantage FX supports the MetaTrader platform, including both MetaTrader 4 and MetaTrader 5. These platforms are popular among traders due to their ease of use and ability to automate trading through the use of expert advisors (EAs), forex trading signals and custom indicators.
Offers UK Stocks
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Some features are very nice, and the functions and opportunities the company added are nice to have. However, they don’t pay off all the headache you’ll get for working with them and trying to withdraw your profits from them. The technical aspects of both the website and broker’s apps and platforms here are very easy to use, both because of good design and stable servers. Despite the general over-saturation, it seems that navigation on the platform doesn’t suffer too many issues. Vantage FX however imposes certain restrictions (conditions) as to the number of transactions per day; the maximum amount that can be deposited in a day is AUD 10,000 or other currencies equivalent per card.
Throughout our several-week test period, we conducted spot checks to ensure that the quoted spreads were accurate. With an active Vantage account, your interface should look like the image above. You will be able to see all the menu options on the left-hand side of the screen and your MetaTrader5 details in the center of your screen.