VantageFX Review 2024 Comprehensive Broker Analysis

MT4 and MT5 are hugely popular trading terminals that offer powerful charting tools and customizable layouts. Since both platforms are strikingly similar, I found it useful to compare them side by side in the categories below. I appreciate that there is no minimum transaction on credit card and international bank transfer withdrawals but there are minimums on most other methods starting from $0.01 for Perfect Money. Thankfully, Vantage gets an easy seal of approval and a very high trust score from me. From the table above, the spreads offered by Vantage FX Standard STP Account are a bit higher than those offered by the big names in the industry — IC Markets and Fusion Markets.

What are the benefits of forex trading?

Learn all about trading with Vantage Academy and get the latest financial news plus in-depth market analysis. From the above, we can see a mark-up spread of about 1.1 pips to the average spread on Vantage FX’s Standard Account to cover the costs of trading the EUR/USD pair. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Desktop platforms

VantageFX like many brokers, provide their average spreads on their website. No, Vantage is an ECN/STP broker, which means it sources quotes from several external liquidity providers with no dealing desk intervention. 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. I feel the Vantage Rewards scheme will be most valuable for active traders, though I strongly urge traders to approach any financial incentives with caution. I have no complaints about the wide range of funding methods at Vantage, with plenty of accessible options for global clients.

Islamic Account (Swap-Free)

Dems win by default because election are propaganda driven by big data and AI and the Dems have had an advantage since 2008. Trump’s Republican party has seized this opportunity, becoming the first major U.S. party to formally include a crypto policy in its platform. As such we may earn a commision when you make a purchase after following a link from our website. Next, we had to share details of our employment status and financial position. Vantage is required to do this due to regulatory KYC (Know Your Client) processes.

• As with many other mobile apps I’ve tested, you cannot run any detailed technical analysis in the Vantage app since it doesn’t offer any indicators or drawing tools.
• I’m confident that both beginners and experienced traders will be catered to when it comes to charting and analysis tools.
• He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.
• If you’re just starting out, or you only going to take the occasional trade, the standard account is probably right for you.
• With Vantage FX, you will enjoy the benefit of super-fast trade execution and interbank grade RAW ECN spreads with no dealing desk intervention.

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. The Standard STP account is my pick for beginners – commission-free trading is available https://limefx.vip/ with floating spreads from 1.0 pip. The broker’s regulation by ASIC indicates a reputable broker that keeps to regulatory and ethical requirements. As a Tier 1 regulatory authority, ASIC also mandates that all client funds are kept fully segregated from the broker’s corporate accounts in client trust accounts at top-rated banks.

How can a beginner trade in forex?

In addition to the MetaTrader 4 and MetaTrader 5 platforms, which have basically become industry standard by now, Vantage also gives you access to a proprietary Vantage  App and a WebTrader app. Additionally, social trading features are available through ZuluTrade and Myfxbook, which can be integrated with your Vantage account. 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.

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.

Be careful if using a credit card, as the deposit may be labeled as a cash advance and come with added fees or interest charges. Clicking through, we were asked for our name and phone number and then asked to select a bunch of options for customizing our account. If you do take up a swap-free account, do note that swap costs are replaced with a daily administration charge so one could argue this account is not a true sharia law compliant Islamic account. The Vantage Group of companies is regulated by financial bodies in a number of jurisdictions across the globe. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. This average customer rating is based on 3 Vantage customer reviews submitted by our visitors.

The commission fees are competitive, and there are no additional fees on top of overnight financing charges. 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. However, Vantage trails industry leaders in key areas such as research and education. In addition to all the other account features available, Vantage has also got a number of other bonus features that make an account with it even more appealing. This includes a ‘refer a friend’ scheme, an active trade programme, a 50% deposit bonus, and a rebate scheme. The ‘refer a friend’ scheme is potentially lucrative and gives you the opportunity to earn a $150 bonus for every successful referral – this also gives them a $100 sign-up bonus.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Yes, Vantage offers a decent mobile app which offers access to account management features and trading tools whilst on the move. The application allows you to place trades, follow market news and create watchlists, but I learned that it isn’t the best for serious charting and technical analysis. I have been particularly impressed with the comprehensive range of third-party social trading platforms, including Myfxbook and ZuluTrade.

Access Vantage’s extensive selection of forex pairs via CFDs and take advantage of a multitude of trading opportunities. With Vantage, you can trade major, minor, and exotic pairs, including popular options like EUR/USD, GBP/USD, and USD/JPY. Expand your trading potential by leveraging your positions, allowing you to control substantial positions with only a fraction of the capital required.

A few notable brokers such as Pepperstone, IC Markets, FXTM, AXI and Exness use this body to resolve disputes and on average claims take about 5 days to resolve. If you’re located in Australia, the UK, or South Africa, your account will be regulated by your limefx scammers country’s regulatory body. Traders outside of the UK and Australia have more leverage, at the expense of their accounts being regulated by non-A-Grade regulators. If you are of Islamic faith and comply with Sharia law then the use of a riba is forbidden.