The best part is that you only need $50 to access raw spreads in the ECN account, but there are commissions to be aware of. Helpfully for Islamic investors, a swap-free trading solution is available. Additional account options include joint accounts, company trading accounts and https://worldtradex.blog/ trust trading accounts (either as individuals or as a partnership). There are also professional accounts with increased leverage, but fewer safeguards. Trading fees are considered low, as Vantage FX offers ultra-competitive spreads starting at 0.0 pip for Raw ECN accounts, and 1.0 pip for Standard STP accounts. For major forex currencies, clients enjoy spreads under 1 pip during high-liquidity periods.
Vantage FX compared with alternative brokers
We are surely recommended to start trading with vantage is a safe and secure trading platform. Vantage FX Offers traders a wide range of financial instruments including Forex, Indices, precious metals, soft commodities, ETFs, energy, share CFDs and bonds. 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. In this broker review, updated in October 2024, 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 3.3 stars from 3,862 customer reviews. Around 57% of all reviews on the platform have a 5-star rating, with 26% of all reviewers giving the broker a 1-star score.
Community Reviews and Expert Recommendations
As you review Vantage FX broker’s policies, you will notice that the broker generally does not charge any fees for deposits or withdrawals. However, your payment provider may charge a fee, in which case you will be responsible for that fee. Moreover, withdrawals in the UK usually cost £5, although there is a free option too. Raw ECN Accounts pay commissions of $3.00 per lot per side to compensate for the lower spreads. Pro ECN Accounts have commissions of $2.00 per lot per side; the commission is lower than Raw ECN accounts due to higher trade volumes and minimum deposits.
Looking at the downsides for day trading, execution speeds at Vantage aren’t the fastest. Similarly, ProTrader users can also access a range of tools for just a $200 minimum deposit, making this a more accessible option for newer traders looking to upgrade their package. My favorites are the Market Buzz AI news tool and the Analyst Views feed with live trade set-ups. The broker’s proprietary copy trading platform is ideal for copy traders looking for additional perks. Importantly, as you can see from my comparison of other brokers below, Vantage also holds its own in terms of access to the best trading platforms. Overall, Vantage FX provides a good to above-average user experience.
About the Editorial Team
Our detailed worldtradex review will tell you more about this platform. 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 https://worldtradex.site/ with unrivaled trading conditions.
The Myfxbook AutoTrade service mirrors accounts, letting you copy the trades of top systems. You can choose from more than 90,000 forex systems, and you’ll also have the ability to customize and manage the copied trades. It only takes 30 seconds to connect your Vantage FX account and get started. ZuluTrade has more than 10,000 professional traders for you to copy, which you can sort via ZuluRank. There is also an account management suite that allows for customization and advanced risk management.
- Vantage FX’s financial institutional partners calculate the daily released rates using risk-management analysis.
- MT4 has a ton of features, including use of Expert Advisor tech for custom trading analysis.
- A last step in the account opening process required that we upload a picture of our driver’s license, as well as a proof of address document.
- Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk.
- Around 57% of all reviews on the platform have a 5-star rating, with 26% of all reviewers giving the broker a 1-star score.
Swap-free trading accounts are available for either Standard STP or RAW ECN accounts, allowing Islamic clients to trade in confidence. Our Vantage FX broker review team appreciates that not only does the broker offer Islamic accounts, but that it displays the certificates of Sharia compliance on its website. While I rate the competitive ECN accounts, I think it’s a shame that some serious traders will miss out on the best trading conditions in the Pro ECN solution. The minimum deposit is pretty steep at $10,000 – more than other pro-level accounts I have reviewed. In this Vantage FX review, we shed light on this Sydney-based trading platform, its account types, fees, and customer support, covering essential aspects you need to know.
If you have traded with Vantage we would really like to know about your experience – please submit your own review. Overall, beginners and intermediate traders should find plenty of resources at Vantage, though I would say that the selection is not as comprehensive as other brands like IG. In terms of the look and feel, I personally find trading on this software a more enjoyable experience than MT4 and MT5. The default dark mode workspace is easier on the eye, especially when layering color-coded indicators and graphical objects.
Probably a better method would be to use a PayID transfer which should be close to an instant deposit. In terms of funding methods, we found a number of options, but some are better than others. 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. As you can see, MT5 has a very clean and intuitive interface, which is great for keeping trading stress levels to a minimum.
Vantage FX has also won an impressive range of industry awards, which shows that you are trading with an accomplished and reputable firm. Awards include Financial Trading Services Provider of the Year from CV Magazine 2019 and, in 2018, the broker was the Fintech Awards winner for Financial Trading Services Provider of the Year. It also earned the same honor from both the Global 100 and the Fintech Awards in 2017. Impressively, Vantage FX does not charge inactivity fees, which are common among competitors. This is a very strong point in favor of Vantage FX, especially for those who are new to trading and may trade inconsistently. If you are registering with Vantage FX from the UK, you can also choose between a commission-free account or a Pro account that charges from £1.50 per 100k traded.
Many users reported getting the help they needed from customer service reps. However, others were left confused and believed that this was an area for improvement. Founded in 2009, Vantage FX has been a forex and CFD broker for 13 years. It operates in 30 locations and is available in 172, so you’ve got your trading needs covered wherever you go. Vantage allows you to trade the stocks of the biggest companies in the US, UK, EU, and Australia via CFDs.