Vantage, as well as many other broking firms, could improve in this regard, especially with providing education and tools for the experienced trader. 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. With Vantage, there are a number of educational resources, mainly limefx scam aimed at beginner traders who are new to forex and CFD trading. We’re quite strict on how we rate particular broking firms with regard to forex trader education, as we believe it’s an area the industry could greatly improve on. Vantage is also a member of The Financial Commission which is a body formed exclusively for solving any disputes between brokers and traders in a smooth, seamless manner.
- Users can harness the potential of thousands of registered proficient currency traders globally.
- We are not responsible for any losses you may incur, by investing with a company mentioned on this website.
- We could easily trade crude oil, natural gas, Brent crude, and even more exotic options like low sulfur gasoil.
The Financial Commission while impartial, is not a government body or regulator. 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. For traders outside of those particular countries, your account will be regulated by Vanuatu’s VFSC (Vanuatu Financial Services Commission). Vantage is a member of The Financial Commission, which is an independent dispute resolution body. All up, there are 57 forex pairs, which is all of the major FX pairs, as well as most of the major cross-currency pairs. All of the deposit options come with zero fees from VantageFX themselves, but some options may have fees from a specific bank or financial company.
Vantage Trading Information 2023
We believe in uplifting one and all, ensuring everyone emerges better than before. Headquartered in Sydney and boasting over 10 years of market experience, Vantage Markets operates in 172 countries and maintains a global presence with over 1,000 employees situated across 30 offices worldwide. Our mission is to expedite your path to success while upholding the highest standards of regulation and security, ensuring your investments are safeguarded. From the above, we can see a mark-up spread of 0.8 pips to the average spread on Vantage FX’s Standard Account to cover the costs of trading the EUR/USD pair. While the account creation is swift (can be completed within 5 minutes), it may take up to 24 hours to get your trading account verified.
We are not responsible for any losses you may incur, by investing with a company mentioned on this website. Always verify that your broker, is licensed by your local financial regulator. Trading with a broker that is licensed by ASIC is always going to be a wise choice. You know that your funds are secured, and that they follow the laws of Australia. 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.
MetaTrader 5
While we think the spreads are very decent, what we equally (if not more) interesting is broker’s low commission costs. For most countries, the commission per round turn is $6, or $3 per side, for a full lot ($100,000 trading size) but with VantageFX if you are in Australia or the UK commission is a fair bit lower. 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 may be certain currency pairs to look out for, for example, our test suggests the spreads for the AUD/USD 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 account) so we are able to compare this type of account. VantageFX like many brokers, provide their average spreads on their website.
Adherence to the terms and conditions is paramount to ensure a seamless and enriching trading experience. Venture into Innovative Social Trading Discover the multifaceted realm of social Forex trading through the distinguished ZuluTrade platform. 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.
All in all, Vantage has a solid product offering, not as much as some other major brokers, but it should be enough for most traders. 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.
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. When it comes to the range of trading instruments available with Vantage, there are plenty, but not as many as companies like Pepperstone or IC Markets. There are countless chart indicators in TradingView, all accessible at the click of a button. If you have multiple accounts, you can switch between them in seconds with MT5. Placing orders in MT5 is very simple, select your order type and trading parameters, then click the blue or red buy and sell buttons.
This type of model means they are using straight-through order processing (STP) or possibly Electronic Communication Networks (ECN) since this is the name of some of their trading account. Despite what we have just said, their fine print does make it clear that their license allows them to offer a traditional dealing desk (aka market maker) when necessary. Selecting Expert Traders to Guide Your Journey Choose the expert traders you aspire to emulate, broadening the horizons of your Forex trading experience by encompassing diverse strategies.
Is Vantage Markets a Regulated Broker?
We keep a record of 40 such brokers that do this such as Pepperstone, IC Markets and Go Markets, doing this allows us to not only compare the average spreads between brokers but also compile an industry average. Delve into DupliTrade and commence your journey by synchronizing your strategies with those of experienced traders. Witness the confluence of knowledge, experience, and innovation, propelling your trading endeavors to unprecedented heights.
Commissions and fees
Founded in 2009, Vantage offers trading on 1000+ CFD products to over 900,000 clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage rounds out its MetaTrader platform suite offering with support for multiple social trading platforms, content powered by Trading Central and a proprietary mobile app.
Additionally, Vantage FX’s traders can trade with the mobile versions of the MT4 and MT5 trading platforms. This brings a whole new level of convenience to the entire trading process as traders can access their trading accounts and place trades on the go, as long as they are connected to the internet. Interestingly, when you trade with the mobile versions of the MT4 and MT5 trading platforms, there is nothing to lose since the mobile app offers the same features and functionalities as the desktop platforms.
We understand the critical importance of keeping trading costs at a minimum. At Vantage, we stand as a global, multi-asset CFD broker, opening the door to a potent and agile CFD trading experience across Forex, Indices, Commodities, ETFs, and Stocks. With over a decade of market presence, we take immense pride in delivering lightning-fast execution https://limefx.vip/ and maintaining competitive spreads. Dive into a world of trading tools, including drawing and analysis aids, market insights, and educational resources designed to empower you in maximizing your online CFD trading endeavors. The broker’s regulation by ASIC indicates a reputable broker that keeps to regulatory and ethical requirements.
Trading Instruments Comparison
As you can see, MT5 has a very clean and intuitive interface, which is great for keeping trading stress levels to a minimum. These allow you to either copy another person’s trades or publish your trades and allow others to ride along with you. Personally, my easy choice would be to combine TradingView charting with MT4 for order entry.