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. It also offers its own proprietary Vantage app, which – despite the added distraction of in-app ads – shows real promise as a trading platform. The broker’s regulation by CIMA, FCA, and ASIC provides peace of mind, as does its use of a top-tier bank for storing client funds in segregated accounts. We appreciate https://worldtradex.blog/ the various pricing structures, as this allows you to choose to trade with or without commissions, depending on which appeals most to you. It provides you with access to all the features of those platforms, and your Vantage FX account, without requiring a download. WebTrader gives you access to 30 indicators, nine timeframes, and 24 technical analysis tools.
Raw ECN Accounts pay commissions of $3.00 per lot per side to compensate for the lower spreads. Pro ECN Accounts have commissions of $2.00 per lot per side; the commission is lower than Raw ECN accounts due to higher trade volumes and minimum deposits. Compare top platforms, fees and features to make an informed trading choice. Deposits for all payment methods are free, although clients will have to absorb the fees charged by their various banking institutions.
There are regular educational webinars, which are run by a trading education firm called Trade With Precision which focus on topics such as specific technical indicators and trader psychology. There are mini-course-like articles that offer an introduction to forex trading and information like how to set up the MT4 trading platform. With Vantage, there are a number of educational resources, mainly aimed at beginner traders who are new to forex and CFD trading. We were also happy to see that trading commodities were easily accessible with Vantage. There are options to trade products such as cotton, cocoa, sugar, orange juice, wheat, and even soybeans.
All CFD trading products are available for spread betting and since 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 just starting out, or you only going to take the occasional trade, the standard account is probably right for you. Ross Collins, our chief researcher tested the Raw Account Spreads for 20 MT4 brokers for RAW-style accounts and found Fusion Markets and IC Markets to be among the top choices for tight spreads. At this time, we haven’t tested the spreads with VantageFX ourselves but when we do, we will update this page.
A few notable brokers such as Pepperstone, IC Markets, FXTM, AXI and Exness use this body to resolve disputes and on average claims take about 5 days to resolve. If you’re located in Australia, the UK, or South Africa, your account will be regulated by your country’s regulatory body. Personally, my easy choice would be to combine TradingView charting with MT4 for order entry. Moving over to Vantage branded options, we had the pleasure of viewing Vantage ProTrader. This is a web-browser-based charting solution that is essentially a branded version of TradingView. Our broker reviews are reader supported and we may receive payment when you click on a partner site.
Opening an Account at Vantage
Finally, the broker has bagged several industry awards from CV Magazine, Fintech Awards, The Forex Awards, IB Times Trading Awards, and more. Some of the awards include Financial Trading Services Provider of the Year, Financial Trading Services Provider of the Year, Best ECN Broker, Best Customer Support, and Best Forex Education Asia Pacific. From the above, we can see a mark-up spread of about 1.1 pips to the average spread on Vantage FX’s Standard Account to cover the costs of trading the EUR/USD pair. However, CFTC regulation is absent; therefore, Vantage FX cannot provide its services to citizens or residents of the United States. Vantage prides itself on execution speed and fully transparent STP/ECN trading model and with the SmartTrader Tools Package they have now taken the MT4 and MT5 Platforms to the next level. Rediscover the MetaTrader 4 and 5 Platforms by deploying the most comprehensive upgrade to your MetaTrader experience today and take your trading further with Vantage.
Around 57% of all reviews on the platform have a 5-star rating, with 26% of all reviewers giving the broker a 1-star score. Vantage offers numerous free educational materials in the library section of their website which are accessible to their registered clients. These materials are in several formats, including articles, courses, and tutorial videos and cover topics ranging from trading market updates, forex guidelines, and trading psychology. Whether you are a novice, or a professional trader, all clients can now benefit from receiving daily market analysis as it happens.
Withdrawal Methods
Our experts have created these tables based on the fees applied to a standard account. We consider a standard account to be the one that will appeal to most traders, often not the cheapest option but not a premium option either. Vantage FX offers a wide range of payment methods, while deposits are free, some withdrawal methods incur a fee. Yes, Vantage offers ECN (Electronic Communication Network) execution for its Raw Account and Pro Account holders. This execution model provides traders with direct access to liquidity providers and typically offers tighter spreads. For us, the fee rebates and perks through V-points will be the most useful for active traders.
- 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.
- The account options suit different types of traders and have a low minimum deposit of just $50.
- The company offers highly reputable brokerage services, thanks to its regulation by three top tier authorities, number of awards and honors, and longevity.
- Vantage is required to do this due to regulatory KYC (Know Your Client) processes.
- Up next, we had to share some basic details regarding our trading history and experience.
- The forex market sentiment page displays the overall long and short positions of the Vantage book.
Standard STP Account
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. There are also e-wallet providers such as Neteller or Skrill, which can help you to segregate your trading funds from your personal bank account. Next, there is the more recent MetaTrader5 (MT5), which is a more feature-rich version of MT4 and can be great for traders who need specific technical indicators or chart time frames. The amount of leverage that you’re offered depends on a number of things including which product you want to trade, your account type, and which government body regulates your particular account.
These types of instruments allow you to go long or short on currencies. CFDs can also be traded with leverage which increases trading power but also risk. If you’re an active trader or professional trader, trading more than a few times per week, you’ll almost definitely want to use the raw ECN account. If you’re located in Australia or the UK, it’s a no-brainer https://worldtradex.world/ to take advantage of the low commissions on the raw ECN account. VPS hosting ensures your platform keeps running 24 hours a day so you set up EAs to take advantage of every opportunity that arises in the market.
I also suggest beginners think carefully before trading forex with such high leverage. Here, the processes involved are fully automated with no manual input, with orders being routed directly to a liquidity pool. Costs may be higher in the long run, but this will suit traders looking for zero commissions and competitive spreads.
Does Vantage Offer Low Forex Trading Fees?
The live chat feature is available 24/5 and our review team found this was the fastest way of getting in touch with Vantage FX. You can find tutorial videos for the Vantage FX platforms in the educational area. 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. If you trade at Vantage FX via MT4, MT5, or WebTrader, you’ll have easy access to trading signals and Expert Advisors. FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics.
In terms of client support, the broker has a client portal designed to help you manage your account and address any issues. Although customer service has been reported to be an area that could be improved, Vantage remains committed to providing a comprehensive trading experience. Their educational resources may be limited compared to industry leaders, but they still strive to equip their clients with the necessary knowledge to excel in trading.
The Vantage FX application is a proprietary trading platform that lets you trade on the go, accessing share CFDs, indices, commodities, and forex pairs. There are versions available for both Android and iOS, and it provides access to full trading functionality. Vantage FX offers three trading platforms, depending on where you’re located. A trading platform is simply a software interface that allows you to place trades. Trading platforms often come with charting, research, and order processing tools, too. Myfxbook Autotrade is one of the most popular copy trading platforms on the market.