However, a 25 USD fee is charged for withdrawals via bank wire transfer. Vantage FX will appeal to traders who value low trading costs and use indicators to make trading decisions. Be aware that Vantage FX’s financial instruments are somewhat limited compared to other similar brokers.
Withdrawal Methods
This allows you to familiarise yourself with their trading platforms and tools without putting your capital at stake. However, we do not recommend picking a forex broker based on their financial incentives – this can encourage over-trading and excessive risk-taking. Other comparison factors, such as trust, safety, tools and fees are more important.
It is packed full of features such as order management, custom watch lists, trading signals by Trading Central, alerts, news calendars, and more. Vantage is a reputable Forex broker that offers a range of features and benefits, including regulatory compliance, competitive trading fees, multiple account types, and extensive educational resources. These factors contribute to its standing as a reliable and trusted broker.
Trading Academy
Given its large user base, reputation and regulatory oversight – we consider this a trustworthy forex broker. Over 900,000 traders have signed up with the brand and the firm has a string of industry awards and accolades to its name. 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). Our experts are also reassured to see that Vantage is a member of the Financial Commission Compensation scheme and uses segregated client accounts. The $50 starting deposit, low fees, unlimited demo account, copy trading and educational resources will suit beginners.
Vantage FX trading platforms
I appreciate that the broker charges no deposit or withdrawal fees but some payment methods have third-party charges, for instance, international wire transfers as outlined above. There are no deposit or withdrawal fees, which is an advantage over firms like eToro, which charges $5 per withdrawal. Moreover, the broker will cover the first 20-unit fee from international bank transfers every month which helps keep transfer costs down. VantageFX offers Standard STP, Raw ECN, and Pro ECN accounts, each tailored to different trading needs with varying spreads and commissions. The firm offers MT4, MT5, and TradingView-based platforms, which in our opinion is exactly what the average retail trader should be using.
Despite the fact VantageFX round their average spreads (we assume down, not up), we can say their spreads compare favourably to the industry average. But our results do suggest there https://worldtradex.pro/ may be certain currency pairs to look out for, for example, our test suggests the spreads for the AUD/JPY pair might be a bit high. In the case of VantageFX, they only provide the average for their commissions-based account (specifically their RAW ECN Brokers) so we are able to compare this type of account.
Next, we had to share details of our employment status and financial position. Vantage is required to do this due to regulatory KYC (Know Your Client) processes. You can elect for a wire transfer, which will incur $0 fees from Vantage, but may have fees charged by the bank that you’re sending funds from. Of course, it’s always a good idea to hold only a fraction of your trading capital in any one trading account at one time.
- As a result, each forex currency pair has its forex swap charge, and interest is paid on currency sold and received on currency bought.
- Versus, comparison pages of alternative online brokers to Vantage FX are listed below.
- You’ll have the ability to manage and customise each copied FX trade and learn from in-depth portfolio statistics.
- The range of available markets at Vantage will depend on which entity regulates your account.
For example, if you’re bullish on agricultural stocks, you may choose to purchase an agricultural ETF. We could easily trade crude oil, natural gas, Brent crude, and even more exotic options like low sulfur gasoil. When all of that was complete, we were ready to deposit funds into the account.
Whilst this won’t deter many high-volume traders, it is noticeably higher than most of the pro forex trading accounts we have assessed. 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. Through the ZuluTrade social trading platform, clients of Vantage will gain exclusive access to a vast pool of professional traders and profitable trading systems. In various locations, Vantage FX indicates that it offers more than 300 instruments for trading, including on the pages dedicated to specific platforms.
Vantage have partnered with Trading Central to provide daily market commentary, global financial news, and in-depth market analysis, conveniently accessible from the Vantage app. Sentiment analysis is another tool that Forex traders can use to make trading decisions, adding it to their standard arsenal of fundamental and technical analysis. It works side by side with these methods of analysis by helping to alert you of any supply/demand imbalances which could lead to potential reversals in price.
Whether you are a scalper, swing trader, or trade long term, the ProTrader platform is designed for traders of all styles. Featuring 12 different chart types from traditional candlesticks to Renko and Kagi, as well as multiple timeframes and a variety of chart layouts, traders can monitor the markets like never before. Gain access to the Vantage cloud based, original MetaQuotes WebTrader Platform. Gain fast and stable access to your MT4 & MT5 trading account from any web browser window wherever you may need to manage trades from.
Then we had to provide details about our address and whether we’re a US resident for tax purposes. At the next step, we had to provide some more of https://worldtradex.club/ our personal details, such as date of birth and identification document details. In terms of funding methods, we found a number of options, but some are better than others.
By the Financial Conduct Authority (FCA) under Vantage Global Prime LLP, for institutional clients. Vantage also has an entity that holds regulatory status with the Cayman Islands Monetary Authority (CIMA), and by the Vanuatu Financial Services Commission (VFSC) in Vanuatu. Yes, based on your detected country of FI, you can open an account with this broker. Will continue use vantagefx as it considering the best broker I trade with so far.