The Vantage Group of companies is regulated by financial bodies in a number of jurisdictions across the globe. They are strictly supervised by the KYC and AML mandates to ensure the transparency to and of their clients. After you send the account opening request, your ID will go for a background check.
- Generative AI tools are not a part of our content creation or product testing processes.
- One of Vantage FX’s VPS partners is ForexVPS, which allows users to simply log in to their servers through any stable desktop or mobile device.
- They have a lot of features so that you don’t have to take a high risk on your deposited amount.
- Energy commodities are some of the most important commodities in the world because they are used to power the economy.
As with other ECN brokers, Vantage FX uses top-tier liquidity providers (LPs) to ensure deep liquidity, fast trade execution speeds, and tight interbank RAW ECN spreads that start from just 0 pips. This is a more advanced trading platform introduced by MetaQuotes in 2010 to take your forex trading to the next level. In addition to offering all of the features of MT4, the MetaTrader 5 trading platform comes with more advanced https://limefx.biz/ capabilities, such as 21 timeframes and nine chart types. 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. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.
Before you start trading with your live account, you have to pay the minimum deposit according to your chosen account. Clients can withdraw funds online by logging into the secure Vantage FX client portal and selecting the withdraw tab from the menu. All withdrawal requests are processed via the payment method that was used to make a deposit. For instance, limefx official site Debit/Credit Card withdrawal can only be used for accounts that made deposits using a Debit/Credit Card. Some exciting features you will enjoy from this platform include three real-time chart types with nine timeframes, good drawing tools, various technical indicators, and more. A $4.0 commission for a 1 Lot trade on the Pro account is very competitive.
All up, there are 57 forex pairs, which is all of the major FX pairs, as well as most of the major cross-currency pairs. One particular downside with Vantage ProTrader is that it’s browser-based, which could be a problem if you have a slower computer. The other downside is that it’s just a charting platform at the moment, Vantage doesn’t offer trade order entry through it.
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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. The process involved filling in our email address on the Vantage website. 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.
WHO IS VANTAGE
Clients’ funds are held in fully segregated accounts with the National Westminster Bank (NatWest). When all of that was complete, we were ready to deposit funds into the account. Next, we had to share details of our employment status and financial position.
Through the Zulutrade, DupliTrade, and the Myfxbook AutoTrade you can master your trades following and copying successful traders. Apart from those regulatory licences, Vantage FX is regularly audited by KPMG, a global network of Finance professionals and experts. KPMG has been providing audit, tax and advisory services regarding financial markets since 1987. As money management and discipline in executing your trading strategy is key, Vantage FX has structured our website to contain a plethora of content under both the News and Education menu tabs.
Vantage FX Fees:
Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. But will the trade ideas, trading tools, and sentiment analysis type information give you an edge in the markets? There are mini-course-like articles that offer an introduction to forex trading and information like how to set up the MT4 trading platform. The company offers 24/7 customer support, but we found that different hours of the day offered different quality levels of customer service. All in all, Vantage has a solid product offering, not as much as some other major brokers, but it should be enough for most traders.
Copy-trading with Vantage FX
With Vantage, there are a number of educational resources, mainly aimed at beginner traders who are new to forex and CFD trading. We’re quite strict on how we rate particular broking firms with regard to forex trader education, as we believe it’s an area the industry could greatly improve on. In terms of where your funds are held, Vantage holds client funds in top-tier banks, and in trust accounts as funds that are separate from company funds. Firstly, there’s MetaTrader4 (MT4), which is the industry standard work-horse software. This is the ultra-reliable, Toyota Hilux of the forex industry, which will solidly run on desktop, Mac, Android, or iPhone.
Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. With more than 10 years of market experience and headquartered in Sydney, Vantage now has over 1,000 staff across more than 30 global offices. That is why our open and dynamic platform allows you to seamlessly connect with our experts, our agents, and your fellow investors, so we can drive meaningful investment outcomes together. We believe technology needs to work for people, not the other way around. Our trading tools are simply intuitive and designed to take the complexity out of trading, so you can be free to focus on what matters most.
If you’re located in Australia or the UK, it’s a no-brainer to take advantage of the low commissions on the raw ECN account. Vantage FX provides a high-speed fiber-optic network spectated by Equinix to guarantee fast execution. It is operated and maintained globally with a series of six installed servers across the world. If you can arrange initial funding of $1,000 and pay a monthly cost, you can add yourself up to their VPS hosting facility.
