VantageFX Review 2024 Comprehensive Broker Analysis

January 12th, 2024

Traders who are looking to profit from some of the world’s most popular stocks can consider trading stock CFDs with Vantage FX. Currently, Vantage FX offers 50 share CFDs from the US stock exchanges, over 70 share CFDs from the UK and European markets, and 50 share CFDs from the Australian market. You can speculate on some of the largest companies from the United States, the UK/Europe at $6 and €10 per trade, respectively. When your Vantage account is funded with a minimum of $2000, you can gain access to a portfolio of professional proprietary traders. And, you can also test your portfolio on a demo account to find the right traders to suit your needs.

Traded Instruments

• But will the trade ideas, trading tools, and sentiment analysis type information give you an edge in the markets?
• Whether your trading style is scalping, swing trading, or long-term, ProTrader caters to all, offering a panoramic view of the markets with unparalleled precision.
• In this Vantage review, I share the key findings from my comprehensive assessment of the broker.
• Considering the quality and depth of research that is made available by the best forex brokers such as IG, Saxo, and CMC Markets, there remains considerable room for Vantage to improve in this category.

You can elect for an electronic funds transfer from an Australian Bank, or a BPay transfer, which will be fee-free but take a couple of days. Probably a better method would be to use a PayID transfer which should be close to an instant deposit. 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. The Vantage website also allowed us to choose our account type, either the Standard STP or Raw ECN options. Opening a Vantage demo account was quick and painless, we were able to get things setup in only a minute or two.

Raw ECN Account

However, this is standard practice and Islamic accounts avoid this charge, though an admin fee is levied instead. As you can see from my comparison of suitable alternatives below, Vantage rivals popular brokers when it comes to the breadth of markets. When I used Vantage, I found that clients registering with the offshore entity can access several bonus deals and promotional offers. While the broker’s research and educational offerings continue to expand, Vantage has a ways to go if it wants to compete with the best brokers in those categories. All websites and web-based platforms are tested using the latest version of the Google Chrome browser.

Social Trading

As a platform primarily dedicated to forex and forex CFD trading, the forex trading on offer is generally pretty solid. Vantage gives users instant access to deep liquidity on the live currency markets across over 40 currency pairs. While quite limited when it comes to the more exotic currency pairs, all of the major currency pairs that you could hope to trade are covered. Generally speaking, the spreads on offer are very competitive and trades are executed incredibly quickly.

Using a VPS hosting service with Vantage FX reduces latency to the broker’s trade servers, ensures 100% uptime during market hours, and allows you to install third-party applications, such as the MT4 platform and EAs. Vantage FX offers over 300 CFD products, including FX pairs, precious metals ( gold, silver, etc ), commodities, indices, futures, and share CFDs. Their range of available financial assets compares fairly to other big brokers, such as OANDA and Fusion Markets. The broker provides traders with MT4 and MT5 demo account, which traders can use to practice their trading strategies on over 180 financial instruments without risking real money.

There are also professional accounts with increased leverage, but fewer safeguards. I also like that all accounts are compatible with the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as the broker’s full range of assets. This ensures that beginners won’t miss out on the opportunity to trade on the same platforms as experienced traders. I’ve been particularly impressed with the wide range of up to 10 base currencies in the Standard and RAW accounts and the accessible $50 minimum deposit.

LimeFx provides traders 71 currency pairs (e.g., EUR/USD) compared to Vantage’s 57 available pairs. FxPro provides traders 70 currency pairs (e.g., EUR/USD) compared to Vantage’s 57 available pairs. For traders who are located in countries outside the UK and Australia, Vantage also offers a range of social trading platforms. We found VantageFX to have tight spreads and low commissions, beyond that the Forex broker is quite generic with MT4 and MT5 trading platforms and 50+ Forex pairs along with other CFD products.

Furthermore, the platform’s addition of a two-position accounting system — netting and hedging — allows traders to maintain complete risk management control of their accounts in their way. Designed for institutional traders, Vantage index CFDs can be enjoyed by all clients with no commissions, transparent prices, and ultra-sharp spreads. Vantage allows you to trade stock market Indices on both MT4 and MT5, the world’s most popular FX trading platforms. At Vantage, all Indices trading styles are welcome, including scalping, hedging, swing trading and the use of any Expert Advisor (EA) that suits your trading style. 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.

The AutoTrade service is an online FX trade copying platform with over 90,000 FOREX traders. Connect a Vantage account with AutoTrade to auto copy and trade with access to in-depth analysis and statistics. Whether you are a scalper, swing trader, or trade long term, the ProTrader platform is designed for traders of all styles. Featuring 12 different chart types from traditional candlesticks to Renko and Kagi, as well as multiple timeframes and a variety of chart layouts, traders can monitor the markets like never before. The all-in-one trading app also features fast account opening and in-built funds management for easy deposits and withdrawals. Gain access to the Vantage cloud based, original MetaQuotes WebTrader Platform.

The app serves as a reservoir of insights, whether you are stepping into the world of trading or are a seasoned professional, offering you timely market analyses as the market pulsates. The Vantage App is embedded with an array of intuitive trading tools and technical indicators such as Moving Averages, Bollinger Bands, MACD, accompanied by 9 timeframes for comprehensive technical charting. With added charting tools and 10 more timeframes, it extends a versatile trading environment to traders of varying styles and preferences. Given its large user base, reputation and regulatory oversight – we consider this a trustworthy forex broker. Over 900,000 traders have signed up with the brand and the firm has a string of industry awards and accolades to its name. The downside is the minimum deposit of $2000 which might be out of reach for traders on a budget, but it is a handy and easy-to-use addition to the toolkit of those who do have the necessary funds.

The availability of the MetaTrader platforms and VPS also means that active day traders using automated systems are catered for. Looking at the downsides for day trading, execution speeds at Vantage aren’t the fastest. The low starting deposit of $50 ensures accessibility for those on a lower budget and the unlimited demo account allows you to practise trading risk-free for as long as you need.

Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website. Start with AutoTrade and transform your trading journey through the amalgamation of extensive knowledge, innovative strategies, and a community of like-minded individuals striving for trading excellence. The https://limefx.biz/ journey with AutoTrade is not just about financial growth; it’s about evolving as a trader and understanding the nuanced art of Forex trading from the stalwarts of the field. Vantage transcends the role of a broker, envisioning a broader mission beyond trading. We recognize the profound social and economic impact of business operations and aspire to bring about positive change.

Headquartered in Sydney and boasting over 10 years of market experience, Vantage Markets operates in 172 countries and maintains a global presence with over 1,000 employees situated across 30 offices worldwide. Our mission is to expedite your path to success while upholding the highest standards of regulation and security, ensuring limefx courses scam your investments are safeguarded. Vantage stands as a comprehensive and empowering trading partner, equipped with the tools, resources, and expertise to help traders succeed in the world of CFD trading. Based on our assessment – the ECN account is the best option if you are an active forex trader looking for the lowest fees.

This system acts as a kind of hub for different liquidity providers and allows traders to enjoy tighter spreads but also incurs a commission. We recommend this model if your strategy needs fast execution speeds and the guarantee of fixed commissions. Muslim traders will appreciate that swap-free Islamic accounts are available which puts the forex broker on an even footing with rivals like AvaTrade. Vantage is trustworthy based on my thorough background checking and research. The broker’s global user base, strong regulatory oversight and collection of industry awards are reassuring.

Importantly, I was very pleased to see that there is no time limit on the demo mode, which is good compared to most online brokers who automatically close paper trading accounts after 30 or 60 days. This ultimately means aspiring investors will always have access to a risk-free environment to test trading systems. 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. Each year we publish tens of thousands of words of research on the online forex brokerage industry, and we evaluate dozens of international regulator agencies (click here to learn about how we calculate Trust Score). Check out our Forex Broker Compare Tool to compare dozens of the biggest forex brokers in the industry and analyze their top tools and features.

If the trading criteria are met Vantage offers access to TradingView Pro, Pro+ and Premium and will refund your monthly membership costs. It also doesn’t have the hefty deposit of DupliTrade, making it better for traders on a budget. Both platforms offer algorithmic trading robots, known as Expert Advisors (EAs), that can be used for automated trading strategies. Vantage is a no-dealing-desk broker that offers varying execution models depending on the account you choose. Overall though, there is good depth of market in a wide range of asset classes, and this sets Vantage apart from many brokers out there, which often offer around 200 or fewer instruments.

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