Vantage: A Regulated Forex Trading Brokers Review 2024

vantage fx review

I think it is worth gaining access to these tools as they can help to give your strategy that extra edge. However, I also feel like they should make them freely available to all account holders, regardless of your investment size. If trading tools are important to you, Markets.com have a great selection.

vantage fx review

Account Types Available

This is possible thanks to the number of liquidity providers that Vantage FX works with as well as the fact that feeds come from up to 70 institutions. Those who opt for ECN trading can take advantage of automated trading, including Expert Advisors. There is also the previously mentioned free forex VPS, so you can ensure your MT4 platform runs 24/7.

Pros and Cons of Trading on Vantage FX

Furthermore, by adhering to these regulations, brokers can build trust with their clients and establish themselves as reputable and trustworthy entities in the market. In some regions, Vantage makes available the option of local bank transfers, which allows clients to transfer funds to and from their https://traderoom.info/an-overview-vantage-fx/ trading accounts through their local banks. The processing time for local bank transfers varies depending on the specific bank and region, but it typically ranges from a few hours to 2 business days. Clients can transfer funds directly from their bank account to their Vantage trading account.

How many instruments can I trade with VANTAGE FX?

Another exceptional feature of their service is, they provide three top-notch auto-trade platforms for Social copy trading. Through the Zulutrade, DupliTrade, and the Myfxbook AutoTrade you can master your trades following and copying successful traders. All the desktop, mobile, and web trader versions will give you an experience of seamless and robust trading executions. Although we found their MT5 lacks compatibility for reverse trading strategies, their MT4 ensures you an outstanding trading environment through its add-ons.

Pros and Cons

Many top-tier brokers and especially ECN brokers do this as an additional selling point. Vantage accepts deposits and withdrawals via major credit and debit cards, such as Visa and Mastercard. Deposits made via credit/debit cards are usually processed instantly, while withdrawals may take up to 3-5 business days to appear in the client’s account. To use this method, clients need to log in to their Vantage account, navigate to the deposit or withdrawal section, and provide their card details. Vantage FX offers traders the ability to trade soft commodities such as cocoa, coffee, and sugar. These commodities are often impacted by weather conditions, supply, and demand factors.

Inactivity Fees

vantage fx review

The broker offers three account types – Standard (STP), Raw (ECN), and Pro (ECN), each with different minimum deposit requirements, spreads, commissions, leverage, and trading instruments. This allows clients to choose the account that best suits their trading needs and preferences. Founded in 2009, Vantage is the brainchild of a highly specialised team with backgrounds in finance, forex trading and fintech. Delivered through powerful trading platforms, Vantage puts significant emphasis on user trust and transparency, which is backed up by an award-winning customer support team. This combination has helped Vantage to become one of the market leaders in the Australian market. Vantage also offers competitive trading conditions, including low spreads, high leverage, and fast execution speeds.

  1. With the Vantage FX Forex Rebate Program, clients receive rebates daily in the form of cash that is instantly sent to their MT4 trading account.
  2. The Vantage Social Trading mobile app allows clients to follow and copy the trades of experienced traders within the Vantage community.
  3. This positions them well as a broker with top-tier regulation in place but also allows them to offer a degree of flexibility through the additional offshore regulatory bodies.
  4. Against a minimum deposit of $200, Vantage clients can gain access to ProTrader’s Market Buzz, advanced charting capabilities, featured ideas, and other tools.

One of the things I like about the web platform is that it is always up to date so I know I am using the latest version at all times. There are over 50 technical indicators that can be added to your charts for technical analysis, including moving averages, MACD, Bolling Bands, RSI, CCI, Stochastics, https://traderoom.info/ Parabolic SAR and more. It saves me having to load all of the indicators each time I want to check a chart. There are multiple order types and alert notifications can be set via pop up, SMS and email. This is handy if you cannot always be watching the charts for trade setups all the time.

It offers to trade US, Australian, and European stocks, commodities, and indices, with all major & minor currency pairs. However, the broker trails behind in offering Crypto trading to traders, which might be counted as its biggest drawback. In terms of trading fees, those with Standard STP accounts at Vantage FX will not pay a penny in commission. However, RAW ECN account and PRO ECN account holders will pay at least £1 per standard lot, per side. Even though RAW ECN and PRO ECN clients will pay some form of commission per trade, the bid-ask spread is as low as 0.0 pips, although this fluctuates depending on the volatility in the markets. Dubbed Vantage FX’s most popular account, RAW ECN clients get access to “institutional grade liquidity” and spreads starting from as little as 0.0 pips.

To initiate a bank wire transfer, clients should obtain the necessary bank details from Vantage’s website and provide them to their bank. The processing time for bank wire transfers may vary between 1-5 business days, depending on the banks involved. Head to the Vantage FX website at vatangemarkets.com to start the sign-up process.

My findings indicate that Vantage’s Standard account lives up to its name since it incorporates the same pricing mechanism that is typical to most STP account types in the industry. Its Raw ECN account type, however, offers more competitive prices than the typical ECN account type. Vantage offer traders 24-hour access to the most liquid commodity markets including precious metals, energy and soft commodities. Clients can trade commodities including oil, gas, gold, silver, cocoa, sugar, wheat, etc. Vantage has teamed up with Myfxbook AutoTrade to bring forex traders one of the most popular FX copy trade services available. AutoTrade is an account mirroring service where you can copy trades from other forex trading systems.