Liquidity brokerage partners are some truly high-profile legal entities in their own right. In one such incident, payment to one of its IB (Introducing Brokers) was denied. After the said branch posted a complaint about the operator on one of the review portals, Vantage allegedly offered to pay him only if he first deleted the complaint. Whether such stories are true is currently completely impossible to verify. Another problem pointed out by various reviewers was about a well-known scammer working as a Vantage IB for quite some time. Once verified the funds will be transferred to your account almost immediately in the case of e-wallets and within five days if you send funds by wire transfer.
Non-Trading Fees
The broker’s website is also well optimized for mobile devices, and you can enjoy full functionality from the smaller screen. This means you can make deposits, check your account details, and even register with the broker whilst on the go. As you review Vantage FX for yourself, you will appreciate its mobile compatibility. The Vantage FX application works with both iOS and Android devices and lets you easily trade on the go without missing any main features.
- Opening and funding an account can be done in GBP, meaning you won’t be charged currency conversion fees.
- Thanks to the advanced functionality of the platform, MT4 Vantage can conclude transactions with lightning speed.
- Moreover, the broker provides you with various risk management tools and investor compensation (in some jurisdictions).
- The Raw ECN profile is a better fit for experienced traders looking for ultra-low spreads and a competitive commission.
- This is a more advanced trading platform introduced by MetaQuotes in 2010 to take your forex trading to the next level.
MetaTrader 5 is a popular option for more experienced Vantage FX clients as it is a next-gen platform. You can use it to view as many as 21 timeframes and three chart types. MetaTrader 4 for Vantage FX supports Expert Advisors, which can help with automated trading and receiving suggestions from experts. Those who use this automated trading will appreciate the 99.99% uptime for added stability. The platform also supports trading signals, with access to over 3,200 of them. In this review, you can find all the information you need to decide whether is the right broker for you.
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Overall, the writer of this Vantage review found that using the platform is relatively simple. If you have any previous experience of similar trading platforms, then using it shouldn’t be too much of an issue. The website itself is well laid out, and a useful search bar allows you to pull up any information you might be searching for in an instant. The trading experience via the MetaTrader 4 and MetaTrader 5 platforms is very much what you have come to expect. The MetaTrader 5 platform in particular has really been streamlined with this latest update.
The Vantage Group of Companies was incorporated in 2009 by a team of financial market professionals with experience in forex, finance, and technology. Our review of Vantage FX found that the forex broker gives you the choice of numerous trading platforms, including MetaTrader 4, MetaTrader 5, WebTrader, and a proprietary platform. You can also utilize the social trading platforms ZuluTrade and Myfxbook, which are perfect for beginners. The inclusion of MetaTrader platforms helps the broker appeal to a wider audience, as it’s software that most traders are familiar with. Vantage periodically provides bonuses and promotional offers to reward its clients, enhancing their trading experience with additional value.
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the Worldtradex official site result of our extensive research and decades of collective experience covering the forex industry. By the Financial Conduct Authority (FCA) under Vantage Global Prime LLP, for institutional clients. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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- We mark firms down when they impose a 30-day limit or similar on paper trading accounts.
- Both Swap-Free Standard STP and Swap-Free RAW ECN accounts are designed for traders who are unable to receive or pay swaps due to religious beliefs.
- Vantage has built a decent foundation for a new mobile trading application with its Vantage App.
Below, you can check out the trading costs for several popular currency pairs with the Standard STP account of Vantage, which uses a 0-commission pricing model. Please, note that the costs per micro and standard lot are for a single side of the trade. If you can afford it though, this account opens up great potential for very low cost trading. The commission charged is just $2 per round turn lot traded, and the spreads remain consistently low starting from the very bottom at 0 pips.
Vantage Spreads
The average spread on commonly traded assets with a Raw ECN Account are 3.6 pips for gold, 0.3 pips for USD/JPY. MT5 is obviously an upgrade from MT4, but still, it is slightly less popular than its successful predecessor. Those looking for better and easier ways to create personalised technical indicators and experts will certainly appreciate the improvements made by MT5. Opening an account is supposedly easy as well though that probably only goes for Demo accounts, since for real money ones, there are quite a few questions asked and documents required.
This setup allows traders to engage with the markets without worrying about the extra costs per trade, which can be advantageous for those still learning the ropes or trading smaller volumes. At Vantage, the process for withdrawals is designed to be as straightforward as managing deposits. Clients can conveniently initiate withdrawals through the same channels they use for deposits, ensuring a seamless transition of funds out of their trading accounts. While Vantage ensures that most withdrawal methods are free of charge, providing a cost-effective way for traders to access their funds, it is important to note that some methods may incur fees.
Regardless of the account type traders choose, they can be sure of the competitiveness and complete pricing transparency. With a minimum trading size of just 0.01 lot per trade, 1,000+ assets to choose from, and a variety of base account currencies, Vantage offers excellent trading conditions. Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms. He is an expert in Compliance and Security Policies for consumer protection in this sector. Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings.
Again both MT4 and MT5 trading platforms are available and a wide range of markets including forex, indices, commodities, and shares are there for you to choose from. The minimum deposit with this account type still remains very competitive too at just $500. Beginning with the positives, the top CFD broker is one of the safest in the industry, authorized and regulated by multiple tier-I watchdogs.
ZuluTrade, another solution provider Vantage has teamed up with, is at the peak of its social trading experience. Options offered by the broker, MAM / PAMM accounts, are obviously intended for those who are looking for high-performance trading solutions. With this option, you can manage multiple accounts, which is very useful for experts trading for multiple clients. In addition to ECN execution, the Pro account has a range of 0 points and a commission of $ 2 per lot on each side. Vantage is a legitimate forex broker that does not appear to be operating a scam. The company holds a license with a top-tier regulator, the Australian Securities & Investments Commission (ASIC).
Vantage is an international broker regulated in Australia, UK and can accept international customers thanks to the CIMA regulation. Added to this, they have become a really popular and expanding choice through the years. Like scalping, Vantage also allows algo-trading and the use of an outside VPS like Photon VPS, nextPointhost, and others.
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This account type is ideal for those who engage in high-volume trading and require fast, efficient market entry and exit. The lower spreads are particularly beneficial in reducing overall trading costs, while the superior execution speeds minimize slippage, maximizing potential trading outcomes. Additionally, Professional accounts offer greater transparency in pricing and are compatible with high-frequency trading strategies, making them an excellent choice for scalpers and algorithmic traders.
We also don’t recommend Vantage if you want to deposit and withdraw using PayPal. Vantage was launched in 2009 and has established itself as a reputable global forex broker based in Sydney, Australia. We are also pleased to find that the $1000 minimum deposit is considerably less than the amounts required to access free VPS services from some rivals. This uses an external server to manage trading connectivity meaning your account is running without the downtime caused by computer problems.
Due to the similarities across all platforms offered by Vantage FX, however, that should be enough to help you use any of the broker’s platforms. MetaTrader 4 is the most popular platform for trading forex in the world, so our reviewers were pleased to see that it is an option. Vantage FX uses a custom-made oneZero MT4 Bridge for a powerful connection to the deep liquidity pools of the broker. The process of opening an account at Vantage FX can be completely digital, which most clients appreciate. The forms are quick to complete and, if you submit the required documentation right away, you can be ready to trade within 24 hours.
When it comes to topping up and withdrawing from your account, the options available are very much industry standard. Domestic fast transfers are also available for those who are located in Australia. Additionally, Vantage also supports a number of electronic transfer methods, including Neteller, Skrill and FasaPay. Generally speaking, Vantage will not apply any additional fees, though this may depend on your bank. A full list of fees is readily available and easily accessed via the homepage – simply click on the payment options icon at the bottom right-hand corner of the homepage. In our experience, both deposits and withdrawals to the platform are processed quickly with minimal delay.