Vantage FX Review
The company notes that the Raw ECN account type is the most popular, so this could be worth considering if you’re having trouble choosing. The broker will also allow traders to switch their account type by contacting support if they decide to do so. We’ve outlined some of the most important information for the accounts below. The main goal of these materials is to help traders understand how the Forex market works and how they can make money trading currencies.
Professional traders and institutional investors may also enjoy the services of the broker especially if they sign up for the PRO ECN account. ECN brokers pass your orders to a pool of liquidity providers who compete for the best bid/ask spreads. A market maker, on the other hand, does not match your trade and takes the opposing position, which does not generally align with traders’ interests. Vantage FX also offers a halal swap-free Islamic Standard STP account and an Islamic Raw ECN account. Additionally, Vantage FX offers a Multi-Account Manager (MAM/PAMM) for professional clients to manage executions on an unlimited number of trading accounts.
Trading Instruments
- If you have any previous experience of similar trading platforms, then using it shouldn’t be too much of an issue.
- However, its unavailability for US-based investors may limit its reach.
- It automatically scans the markets for specific setups, and alerts traders to possible trade opportunities.
- However, you will need to deposit a minimum of $1000 to get access to the Pro Trader tools.
- She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content.
The best part is that most of the time, you can even use the calculators to make real-time profits. The main advantage of Vantage Forex is that it allows users to view charts and indicators in their own time. This account is ideal for traders who want to benefit from low spreads and fast execution speeds. The Standard STP account is also backed by 24/7 customer support and a wide range of trading tools and features.
If you have any previous experience of similar trading platforms, then using it shouldn’t be too much of an issue. The website itself is well laid out, and a useful search bar allows you to pull up any information you might be searching for in an instant. The trading experience via the MetaTrader 4 and MetaTrader 5 platforms is very much what you have come to expect. The MetaTrader 5 platform in particular has really been streamlined with this latest update. The WebTrader platform and the proprietary mobile app are both similarly easy to use, and beginner traders shouldn’t have an issue getting used to them. Beyond the tight spreads and commission, VantageFX is a relatively generic broker offering MT4 and MT5 with a good range of CFD trading products.
Trading Hours
Then, there is generally a restriction on one-time deposits to a maximum of $10,000. Whenever you carry out any deposit or withdrawal transactions, the account you use must be owned by you and be registered in the same name you used to open your Vantage FX account. The minimum capital required to open an account is £200 on the Standard STP account, which is a higher entry than most competitors. The Raw ECN and Professional ECN accounts require a £500 minimum deposit.
VantageFX offers multiple deposit and withdrawal options, including bank transfers, credit/debit cards, and e-wallets. We looked through the company’s trade ideas articles which largely had generic market information with some basic technical analysis for certain CFDs and currency pairs. If you ever have a problem or an inquiry regarding your Vantage account, there are a number of ways you can contact the customer support team to have things resolved.
Company
The last step is to learn and use trading tools such as Pro Trader Tools, Trading signals, and video guides to facilitate seamless trading. VantageFX has a free demo account that is used by willing to learn the forex trading strategy. From the first https://traderoom.info/an-overview-vantage-fx/ review the trader has joined the broker in a week and is already pleased with the market conditions and the support team.
Get Smarter about Forex
The first account type is the Standard account, which is considered as perfect for beginners who are just starting to enter or try to kick off in the forex market. It has a low minimum deposit requirement and offers 1.0 spreads with a 0.01 lot minimum trade size. However, the commission is $0 for a standard account, while the Vantage FX minimum deposit is $200. Vantage FX provides a variety of deposit and withdrawal methods to ensure that traders can fund their accounts and withdraw profits with ease.
Vantage FX offers complimentary Premium Trader Tutorials, with comprehensive educational information in video format, as well as MT4/MT5 SmartTrader Tools. Versus, comparison pages of alternative online brokers to Vantage FX are listed below. The Vantage Group of companies is regulated by financial bodies in a number of jurisdictions across the globe. These are via live chat on the website, via email, via phone, and by connecting with the company’s Telegram chatbot. We could easily trade crude oil, natural gas, Brent crude, and even more exotic options like low sulfur gasoil.
Combine all this with their zero deposit and withdrawal fees, and low trading fee and they become a top choice for beginner and experienced traders alike. Overall, Vantage is a trustworthy STP/ECN broker, but with a limited range of financial instruments compared to other similar brokers. It offers support for the most common trading platforms and has decent trading conditions on all of its accounts. Most notable are its two ECN accounts that offer raw spread pricing in exchange for a reasonable commission. Its education and market analysis sections are somewhat limited, but it offers excellent customer support and a free unlimited MT4 demo account.
Vantage Markets ensures traders benefit from competitive and transparent pricing. With a low account minimum and various fee-free options, it caters to both new and experienced traders, keeping costs predictable and straightforward. The inclusion of bonds further enhances the platform’s appeal, catering to those seeking low-risk, steady-income options. With such a robust and diverse offering, Vantage Markets ensures that traders of all levels can find instruments that align with their investment strategies and goals. On the one hand, I received good service, but the important thing, which is to have the account approved, did not happen. I regret that your process is so bureaucratic and unclear as to why the photo was not approved.