With the addition of copy trading, the platform is ideal for traders of different financial literacy, ranging from beginners to intermediate and advanced traders. When compared to the industry averages, Vantage has a reasonably competitive system of fees and commissions in place. The fees you get charged on trades will vary depending on which of the three account types you have, with the Standard STP account offering zero-commission trades.
- Again, the Vantage mobile trading platforms come courtesy of MT4 and MT5 mobile.
- The broker will automatically stop you if the margin is over-stimulated.
- Something important to also factor in is the high minimum deposit particularly for a Pro ECN account at $20,000.
- Vantage is a top-tier broker with some of the lowest trading fees I have seen.
- The minimum deposit is pretty steep at $10,000 – more than other pro-level accounts I have reviewed.
Lightening speed withdrawal request processing.
The MetaTrader 4 Platform (MT4) is the most popular online Forex trading terminal in the world. With one simple MetaTrader 4 login, you will be able to access your MT4 trading account anywhere, anytime. By providing traders fast and stable access to their FX trading accounts, this assures they have access to their MT4 trading account when an opportunity arises. Vantage is considered a leader in implementing smart Forex trading solutions. Vantage provides their clients with several top trading platforms including the famous MetaTrader5 (MT5) and MetaTrader4 (MT4) trading platforms. The MetaTrader platforms are available on the web, desktop (MAC and Windows) and mobile devices (Android, iPad, iPhone, and Tablets).
Popular Forex Broker Reviews
With the Raw ECN or Pro ECN accounts, you will find spreads from 0 pips and a $3 per lot or $2 per lot commission respectively. Finally, while they do offer some additional services and features, there are typically only open to traders hitting the higher equity levels of $1,000 and $10,000 respectively. The minimum deposit is a little high and instrument range quite limited but they do also have a rewarding active trader program. They provide negative balance protection, a wide range of account types and base currencies as well as allowing hedging, scalping, and algo-trading with their own VPS. The broker operates at a very high standard across each area and it is clear that they continue to develop in line with your needs as a trader.
Well-Regulated CFD Forex Broker with Hundreds of Assets to Trade and Low Fees
The broker offers a complete package for the beginner or advanced trader. In case of significant problems, the support can access your computer via external software (Teamviewer). Traders can thus trade on real terms and simulate real money trading without risk. Even beginners or new customers can try https://limefx.group/ the trading conditions and the broker’s offer. Vantage Markets offers a free demo account, which is also unlimited here. Although the standard account does not attract a commission, the spreads when using this account are significantly higher than in the other account options offered by Vantage.
Standard STP Account
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. To provide each trader type with an account that matches their needs, Vantage offers a varied pricing and fee schedule depending on user priorities. The straight-through processing order execution (STP) account and Swap-Free Trading Account/s incur no commissions with spreads that start at as low as 1.4 pips. There is a small administration fee assessed on each trade for Swap-Free Trading account holders.
Before you trade, AskTraders.
Over 900,000 traders have signed up with the brand and the firm has a string of industry awards and accolades to its name. Vantage is a legitimate forex broker that does not appear to be operating a scam. The company holds a license with a top-tier regulator, the Australian Securities & Investments Commission (ASIC). Our experts are also reassured to see that Vantage is a member of the Financial Commission Compensation scheme and uses segregated client accounts. On the negative side, the lack of crypto trading for global clients means it isn’t the best choice for dedicated crypto investors.
The response provided is also very fast, knowledgeable, and professional at all times. For traders who prefer to employ algorithmic trading strategies, the availability of VPS services ensures that investors can gain access to lightning fast trade execution with minimal latency. Investors are also allowed to hedge positions, adding to the strategy potential available through the Vantage services. limefx company reviews The broker protects client funds by storing them in segregated accounts that are kept separate from operational accounts. Vantage also offers indemnity insurance that covers the work done by its representatives, employees, and other authorized individuals. Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs.
All forms of payment have no additional costs for deposits; however, customers are still responsible for whatever fees their banks may levy. All withdrawal applications are processed Monday – Friday, 9 am to 7 pm (AEST), within a single business day. What makes this broker unique is it its large variety of tradable assets and the laser-fast order execution.
Here is what to expect when it comes to Vantage withdrawal methods and fees. If you want to know more about Islamic trading and swap free accounts, then you can always check out our article on the best swap free Islamic brokers. This account type charges no swap fees in order to be fully compliant though the broker could charge an extra fee to make up the difference here.
For example, on a standard account, the starting spread when trading forex is 1.4 pips. As such, If you intend to trade more actively and deposit a larger amount of capital into your trading account you may be better served by opening a Raw or Pro account. The multi-regulated broker also protects client funds through the use of segregated accounts.
Strong regulatory oversight helps protect you from scams and gives you access to robust safeguards like negative balance protection and jurisdictional restrictions on leverage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Quick deposit and withdraw however customer support is lucking, You take long in the queue and no one wants to wait for too long before being worked on. Lastly, we must remember XTB as another alternative, best if you are looking for a broker which has been on the market for close to twenty years now.
These locations help to give Vantage an international presence and to connect more closely with traders in different areas around the world. The average spread on commonly traded assets with a Raw ECN Account are 3.6 pips for gold, 0.3 pips for USD/JPY. The section is also updated regularly with new content as it becomes available and this is a resource that Vantage FX clearly invests in to help you continue to grow and develop as a trader with them. 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. To make your first trade, you first need to determine which asset you will trade. Since this example will demonstrate how to make a forex trade, we will use the EUR/USD currency pairing.