We at Yore Oyster believe that everyone should be able to try out a broker without having to deposit thousands of dollars to get the opportunity to do so. However, because Vantage FX is a regulated broker, you must verify your identity. You’ll have the opportunity to trade Forex on institutional grade liquidity direct from the world’s largest banks and institutions with no spread mark-up, just a small $3.00 USD commission. Full integration of research tools and client portals into the trading system seems to be the most important step in this domain. VantageFX trading section might be useful to clients seeking trading signals from the company. The broker posts video tutorials on its official youtube channel on and off, but most of the time, the tutorials have similar content that can sometimes sound a little boring to newbie learners.
The broker charges no inactivity fees and little to no account fees. Its suite of social trading platforms that allows trade-copying is also an added value. It also offers automated trading services for clients who may not have time to trade themselves. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
- Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies involves a high level of risk.
- A key advantage that the broker boasts about is its atypical support for both MT4 and MT5 on MAC operating systems.
- After adding the losses all up, I didn’t find any issue with the calculation of your equity.
- Vantage FX provides access to professional services such as Market Buzz, Featured Ideas, and Analyst Views.
- When I was looking for a broker, of course, I thought about deposit’s safety.
- The Vantage FX platform is available to use on multiple devices inclding and online through a Web Browser.
After inputting name, country, telephone and email details users are then taken through a five-step application process. Vantage FX was founded in 2009 in Australia and is the brand name of the Vantage International Group which is regulated by the Cayman Islands Monetary Authority . The broker offers negative balance protection and the segregation of client funds which are held with Australia’s AA rated National Australia Bank . Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital.
Account Base Currencies
You can trade a wide variety of instruments with Vantage FX over 247 instruments infact. If a market order is not fulfilled by your brokerage usually no commission is charged. Vantage FX withdrawal fees vary depending on your selected withdrawal payment method. The Vantage FX platform is available to use on multiple devices inclding and online through a Web Browser. Vantage FX is a multi asset platform with 247+ tradable Assets. Assets available on Vantage FX include Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing. It is only difficult for people who have not done the research.
Vantage FX is the broker best suited for traders who prefer ECN trading. This gives users direct access to liquidity providers and can save on trading fees. The company offers two types of ECN accounts at once, one of which is for professional traders with a large deposit. Although traders have had great success with Vantage FX. Trading on the financial markets with Vantage FX is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Dont be scared off by brokers like Vantage FX charging a minimum deposit to open a trading account.
#9 Demo Account & Educational Resources
For instance, the Standard Straight Through Process account is commission-free while the Raw ECN account type is commission based. The broker has a breakdown of its fees made publicly available on its website. Moreover, the broker’s financials are strictly audited by the reputable KPMG and are publicly Currencies forex released. Also, the same auditing firm usually runs quarterly reviews on Vantage FX‘s clients’ funds following specific standards of the country’s securities commission. Interestingly, clients’ funds are kept in segregated accounts using an account held in trust by the National Bank of Australia.
As mentioned, the fees are very competitive at Vantage FX and where they start can depend on your account type choice. WIth the Standard STP account type, you will find a variable spread from 1.4 trading strategy pips but you don’t need to worry about any commission. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.
Top 3 Vantage Fx Customer Reviews
All this narrows the field down to one bonus structure that grants 10% on deposits above $1,000. Vantage FX provides users with tutorial videos on assets and how to navigate through the platform.
As an ECN and STP broker, Vantage FX has a good reputation with integrity and traders of any level can benefit with Vantage FX, either beginners or active traders. VANTAGE FX provides a selection of educational tools including a step-by-step guide Learn to Trade Forex, with a market overview, market analysis, and trading psychology. Forex trading, also called currency or FX trading, involves the currency exchange market where individuals, companies and financial institutions exchange currencies for one another at floating rates.
Minute Review
Over the years, Vantage FX has earned honors around the world from respected publications and organizations for premium level service and vast offerings. The goal is to make it possible for clients to realize new possibilities, ignite execution speed, and accelerate performance. Those who are interested in statistics will want to know that Vantage FX is stable at 99.99 percent of MT4 uptime and has improved the execution speed by 78 percent. Vantage FX carefully tested each fiber optic line that connects the servers to ensure minimization of latency.
Vantage FX has a reasonable sized customer support of at least 10. Although we found some very useful aspects of the Vantage FX platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Vantage FX broker. We sent messages to Vantage FX livechat through their app and website and recieved a response within 20 minutes.
Execution-only brokers, that is a broker that does not involve in any personal investment advice and gives traders complete control over how they trade the markets, tend to have lower commissions. Vantage FX offers a number of different trading platforms to clients.
In order to enjoy this extra cash in your account, you need to make sure your trading volume is positive. To open an account with Vantage FX, the trader needs to undergo a few compliance checks by answering a few compliance questions. The trader needs to submit some documents like a colour copy of his driving license, government ID, a utility bill or bank statement and their name, email address and phone number. Here you must indicate your date of birth, the type of identity card, and the number of the document that will be used for verification. The broker’s technical support works around the clock from Monday to Friday. Processing of applications for withdrawal to a bank card takes from 3 to 5 banking days. Thus, Vantage FX clients can get additional benefits from cooperation with this company.
Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind Retail foreign exchange trading will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed. Tell our team and traders worldwide about your experience in our User Reviews tab. Vantage FX has an online application form which is the standard operating procedure.
In general, I am satisfied with Vantage FX. I work with CFDs on stocks, and the choice is wide enough. It is quite profitable to work because the fees are quite adequate.
Their spreads are tight, their fees low, and their execution lightning fast and transparent. Vantage FX offers an extensive range of tools and videos mostly through the MT4 platform. The broker is not ideal for people looking for a straight trading service or a trade alerts program though.
Expert Review Of Vantage Fx
Hi Reza, as explained in great detail, you deposited money and the balance was credited to your trading account as usual. Our records indicate that you never logged in to check, instead you shared your login details with a third party who placed trades in your account. This review is absolutely false, and our records indicate exactly that. While Vantage FX offers a variety of different trading accounts, the broker makes money through spreads, swaps and commissions on certain trading products and instruments. On the Vantage FX website, the broker details the commissions for each type of trading account currency denomination for the Raw ECN and Pro ECN account. Users can also find the swap rates for holding positions overnight in the Vantage FX MetaTrader platform by right-clicking on a symbol and selecting the Specifications tab.
The minimum lot size is 0.01 lots in all three account types. VPS hosting is offered for free, again starting from a minimum deposit of $1,000. The implementation of free hosting remains overly complicated. Vantage FX publishes its legal documents on its website and is in full compliance with its regulator. CIMA Vantage FX Review represents a much smaller jurisdiction and currently oversees less than 20 brokers. There is no investor compensation fund as present in the UK or EU, and traders should not confuse this broker’s mention of regulation in Australia and the UK. Clients of Vantage FX are solely under the jurisdiction of CIMA.
In this review, we will take a detailed look at the key aspects of Vantage FX to enable you to make the best-informed decision possible when choosing your next top forex broker. Vantage FX is an ASIC regulated, Australian Forex broker, providing traders access to unparalleled Forex market depth through top tier liquidity providers.