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Beginners Guide to Vantage FX Review 2023 Is it Safe? Pros & Cons

February 15, 2024by Administrator0

The broker also offers a decent range of educational materials and market analysis resources for new traders, although some of the more advanced resources require a significant deposit. The broker offers services through its advanced proprietary trading platform – Vantage App, MetaTrader platforms & Copy Trading platform. Professional clients must meet certain criteria, including having relevant experience in the financial sector and meeting certain financial criteria. Vantage FX provides research primarily from third-party content providers such as Trading Central. The broker also has some basic features, such as an economic calendar and client sentiment data. Still, Vantage FX lacks a variety of in-house content besides its daily videos, compared to other forex brokers.

Minimum deposits and funding methods

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. Vantage currently offers CFD trading across forex pairs, indices, commodities, metals, energies and US/UK/HK/EU/AU shares. In total, Vantage offers 24 different CFDs across a range of different financial instruments and assets. Beyond the in-platform functionality and education, the broker also provides dispute resolution services to its clients.

Standard STP

Forex brokers offer trading on a variety of currency pairs, but some may also provide access to other markets such as commodities, indices, cryptocurrency, precious metals and futures contracts. Determine limefx if the broker offers the range of tradable assets you are interested in. Another partner of Vantage FX is MetaQuotes, which was established in 2000 and is a leading forex trading platform provider.

User Experience

This oneZero MT4 Bridge is actually the only existing solution of a technically advanced nature that can handle the vast number of market orders that require execution and do so at high speeds. The program is transparent, showing your https://limefx.vip/ earned rebates that you can then withdraw or trade whenever you want. To take advantage of the rebate program, you should deposit a minimum of $1,000, which will let you earn as much as 10 percent of the deposit back via rebates.

Platform & Features

Use these demo accounts to test out the broker’s platform, features and trading conditions before committing real funds. As the forex market operates 24/7, it’s essential to choose a broker that provides reliable and responsive customer support. Look for brokers that offer multiple channels of communication, such as live chat, email and telephone support. Test their customer service beforehand to gauge their responsiveness and knowledge. Some forex brokers also offer very useful educational information for beginners you can use to increase your knowledge about trading. They might also provide access to expert forex market analysis and financial news feeds to help you make better trading decisions.

More in-depth queries can be sent via email, with the broker supplying a selection of email addresses so that questions can be directed to the most appropriate area best equipped to handle them. That means no time is spent redirecting your approach if you are looking for information on tech issues, partnerships, or complaints. Our Vantage review involved testing the MetaTrader MT4 WebTrader platform. We booked test trades in AUDCHF and AUDJPY and set the screen display to different background settings.

  1. Clients must rely solely on the reputation of Vantage FX, as no additional measures exist to ensure client protection.
  2. The deposits & withdrawal conditions of Vantage should be counted among its unique selling point (USP).
  3. Does the currency broker offer things like technical analysis, scalping, fundamental analysis, spread betting or other financial instruments?
  4. Overall, Vantage FX offers a decent range of educational or market analysis materials for new traders.
  5. Because many Canadian traders need specialized accounts, IFC Markets put you in touch with synthetic assets, crypto CFDs and much more.

Vantage FX is an online financial services provider that is based on the core values of accountability, transparency, reliability, integrity, and trust. Their clients are offered over 300 CFD products, including FX pairs, precious metals, commodities, indices, futures, and share CFDs. The broker aims to provide retail and professional clients with unrivaled trading conditions. Vantage offers 55+ currency pairs – above the industry average, so experienced traders can explore plenty of opportunities. Vantage’s deep liquidity pool provides forex spreads from 0.0 pips in the ECN account, lower than many alternatives.

The broker’s customer service team can be reached by email, chat, or phone. Furthermore, customer support is available in a range of languages, making it even easier for users to communicate in their preferred tongue. It is also worth noting that the broker’s customer service team is contactable during trading hours, 24-hours a day, 7-days a week to ensure timely support.

I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. The MyFxBook AutoTrade feature further enhances social trading opportunities. This allows users to copy trades of more successful and profitable traders.

Both platforms feature flexible charts and market watch windows which can be re-sized to my preferences. I can also have multiple charts open simultaneously, which is ideal for active traders. The Raw account and Pro ECN offer attractive pricing, especially for experienced investors looking for ultra-tight spreads with low commissions from $3 per side.

After signing in to the ProTrader platform, the sleek interface is instantly recognizable for me as the platform is powered by the market-leading TradingView. For example, it would have been more convenient if I had direct access to the web platform after logging in, rather than having to navigate through several pages first. For newcomers, the design may feel a little dated compared to some alternatives, but in my experience, the look and feel of the platform is easy to get used to. I think Vantage could improve its market coverage by introducing Asian share CFDs from exchanges like the Shanghai or Tokyo Stock Exchanges.

As a British citizen, all you need to know is if your chosen forex broker is licensed and regulated by the Financial Conduct Authority (FCA). Fortunately, my Vantage review confirms that it is licensed with the FCA, which means it must abide by the FCA’s strict compliance regime. Vantage FX operates a three-way customer support department, with at least one route likely to meet the needs of all its clients. MetaTrader 5 (MT5) is the next-generation version of MetaQuotes’ MetaTrader functionality.

Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). For the Raw ECN account, Vantage FX charges a commission of $3 per side for each standard lot traded. The spreads on this account start from 0.0 pips for major currency pairs, but there is a commission charge of $3 per side.

In addition to the auto trading features in the MetaTrader 4 and MetaTrader 5 apps, Vantage also provides users of the platform with access to ZuluTrade and Myfxbook AutoTrade tools. These additional tools are a great way of adding some social and automated trading features to your trading account. The Myfxbook AutoTrade tool allows you to seamlessly integrate copy trading into your Vantage investment account by connecting you to a growing network of over 90,000 forex traders. Similarly, ZuluTrade integrates into your Vantage trading account and gives you instant access to a network of over 10,000 professional day traders. Social trading is a great way to learn from the top traders in the industry, so it’s great to see Vantage supporting it so well.

However, the broker trails behind in offering Crypto trading to traders, which might be counted as its biggest drawback. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders.

To receive the cash bonus, you just need to meet the minimum monthly trade volume, which depends on your account balance and whether you have a RAW ECN or Standard STP account. Residents of China should note that this interest promotion is not offered in that region. It offers the same eight base currencies and does not offer $2.00 AUD per lot rebates. These include KCG Hotspot, J.P. Morgan, NAB, CitiBank, Westpac, Nomura, BNP Paribas, HSBC, RBS, Credit Suisse, Goldman Sachs, Bank of America, Societe Generale, and UBS. Vantage FX is regulated by ASIC (Australian Securities and Investment Commission) as a leading forex broker based out of Australia.

No, Vantage is an ECN/STP broker, which means it sources quotes from several external liquidity providers with no dealing desk intervention. The competitive pricing in the ECN accounts, additional tools and the rebate scheme also make Vantage a good option for more experienced, high-volume traders. In addition, the VPS and access to the MetaTrader software will serve algo traders. The broker’s proprietary copy trading platform is ideal for copy traders looking for additional perks. Based on my tests during normal trading hours, the Standard Account offers an indicative spread of 1.4 pips on the EUR/USD, which is reasonable though not the lowest.

Vantage delivers a great user experience that is intuitive and feature-rich. The broker’s platforms are full of useful functionality that benefits users. The advanced charting tools can help clients analyze financial markets in real-time. Additionally, the inclusion of an advanced economic calendar is extremely helpful for pinpointing times when market volatility may climb. It’s also possible to open a swap-free trading account with Vantage FX, which is one of the only forex brokers to support traders that cannot receive or pay swaps because of their religious beliefs. If you value choice in the financial markets, Vantage FX is equally effective, with access to 1,000+ assets and instruments via desktop or mobile.

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