VantageFX Review 2024 Comprehensive Broker Analysis
Vantage FX provides traders with the MT4 trading platform, an advanced trading platform that was introduced in 2005 by MetaQuotes. It is the most popular trading platform among forex and CFD traders due to the abundance of essential trading tools that ensure an enhanced trading experience. The platform becomes more useful when connected to the broker’s deep FX liquidity pools via the custom-made oneZero™ MT4 Bridge. MT4 is available as a desktop application for Windows and Mac computers, WebTrader, and a mobile app for Android and iOS devices. The WebTrader can be accessed through all popular web browsers, such as Chrome, Safari, Firefox, and Edge. The account allows its users to take advantage of the lowest costs while capitalizing on the fastest execution speeds.
STP & ECN Forex Accounts – No Dealing Desk
Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money.
Offering of investments
Additionally, the broker is well-suited for hedging strategies, offering an extensive selection of futures contracts. However, CFTC regulation is absent; therefore, Vantage FX cannot provide its services to citizens or residents of the United States. Note that Vantage FX does not offer its services to residents of specific areas such as North Korea, Japan, the United States, and other regions. When all of that was complete, we were ready to deposit funds into the account. Up next, we had to share some basic details regarding our trading history and experience. 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.
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As a Tier 1 regulatory authority, ASIC also mandates that all client funds are kept fully segregated from the broker’s corporate accounts in client trust accounts at top-rated banks. This way, the risk of fraudulent behavior by the brokerage is kept limefx at a minimum. 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. Vantage FX offers swap-free trading on both the Standard STP and Raw ECN accounts.
- Vantage is required to do this due to regulatory KYC (Know Your Client) processes.
- Be careful if using a credit card, as the deposit may be labeled as a cash advance and come with added fees or interest charges.
- I found the indicator particularly useful for intraday trading, as it informs traders of how other market participants are positioning themselves on the market.
- VantageFX like many brokers, provide their average spreads on their website.
- Furthermore, the platform’s addition of a two-position accounting system — netting and hedging — allows traders to maintain complete risk management control of their accounts in their way.
However, its strength lies in automated trading, enhanced by Vantage’s free VPS hosting service. In this broker review, we will pay attention to the critical aspects of Vantage FX, which you may consider before deciding whether to trade with this online brokerage. Vantage has an average Trustpilot score of 3.4 stars from 3,155 customer reviews. Around 58% of all reviews on the platform have a 5-star rating, with 23% of all reviewers giving the broker a 1-star score.
With zero commission on US stocks and offering raw spreads, Vantage is particularly advantageous for trading share CFDs. Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice. Please consider contacting a professional advisor if you require any financial assistance. Vantage FX does not accept third-party payments, so all funds deposited into your trading account must be under the same name as your Vantage FX trading account.
TopFX provides traders 60 currency pairs (e.g., EUR/USD) compared to Vantage’s 57 available pairs. TopFX offers the MetaTrader and cTrader platform suites, and grants access to a medium range of CFD markets and forex pairs. However, TopFX struggles to compete with the best brokers in several categories, including market research and education. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers.
Payment from joint bank accounts or credit cards is accepted if the trading account holder is one of the beneficiaries. With a Vantage FX MT4 or MT5 trading account, traders can seamlessly open short-term or long-term position trades in physical gold and https://limefx.group/ silver. Also, they can trade in both long and short directions and can hedge their physical positions whenever they see the market turning. If you’re a complete beginner and want to learn how to trade, you can find better educational options elsewhere.
There are also 29 stock indices, such as the S&P500, the Australian SPI200, and the FTSE100. These are great if you want to take a position on the direction of a country’s stock market, or even a segment of a particular stock market. 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 Vantage website also allowed us to choose our account type, either the Standard STP or Raw ECN options. In case you are wondering how these commissions compare to other brokers, Ross Collins did an extensive comparison.
That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand. I performed my tests on a Raw ECN account using the desktop and mobile app versions of the MetaTrader 5 platform. I opened an account with the Vantage Global Limited entity of the broker. Some features and services may vary depending on where you reside and which entity you open an account with. Clients can withdraw funds online by logging into the secure Vantage FX client portal and selecting the withdraw tab from the menu. All withdrawal requests are processed via the payment method that was used to make a deposit.
When compared to the industry averages, Vantage has a reasonably competitive system of fees and commissions in place. The fees you get charged on trades will vary depending on which of the three account types you have, with the Standard STP account offering zero-commission trades. The Raw ECN account and the Pro ECN account provide trades at $3 and $2 per trade (each way), respectively. While not the lowest commissions we have seen, these are nevertheless very competitive and are just below industry averages. What we did appreciate was how transparent and open Vantage is about the fee structure, with this information being very easy to find through the website. Vantage FX allows traders to trade the world’s most liquid Stock Exchange indices — S&P 500, DAX, FTSE, DJ30, and more — through the MT4 and MT5 trading platforms.
Thanks to the broker’s oneZero™ MT4 Bridge, traders can enjoy the fastest execution speed. The prices of all Vantage FX Indices are based on the underlying price of the index’s corresponding stock market. The platform is replete with a suite of advanced trading tools, such as technical indicators, order management, custom watchlists, trading signals by Trading Central, alerts, news calendars, and more. It is available as a mobile app that is compatible with Android and iOS devices and can be downloaded from the respective app stores. Not every broker publishes average spread data, and pricing structures vary.
You can elect for an electronic funds transfer from an Australian Bank, or a BPay transfer, which will be fee-free but take a couple of days. Probably a better method would be to use a PayID transfer which should be close to an instant deposit. If you’re from Australia, you’re spoiled for choice, with a number of impressive deposit methods.