However, International Bank Transfers attract a minimum bank processing fee of 20.00 units of your account base currency from Vantage’s bank’s side. For the first international bank transfer of every calendar month, Vantage will cover the 20.00 unit fees for you. Compared to the broader industry, Vantage offers an average number of currency pairs and a limefx company reviews high number of commodities, indices, share CFDs, and cryptocurrencies. Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery. For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars.
Mobile trading
Through the ZuluTrade social trading platform, clients of Vantage will gain exclusive access to a vast pool of professional traders and profitable trading systems. 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.
Next Generation Forex Broker
I was able to access convenient account management features, as well as trade monitoring. The only downside is that you don’t get access to a library of additional indicators or trading robots. With this in mind, I think ProTrader terminal is a better choice for intermediate traders or those who aren’t interested in exploring automated trading features.
MetaTrader 5
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. 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.
Vantage promises in Article 14 that they will inform all investors of fraudulent activity and also stop all transfers/stop trading. Now hundreds of investors are waiting for answers on how this will be solved…. However, payments to and from overseas banking institutions may attract intermediary transfer fees from either party independent of Vantage FX. Vantage FX’s financial institutional partners calculate the daily released rates using risk-management analysis. As a result, each forex currency pair has its forex swap charge, and interest is paid on currency sold and received on currency bought. The broker charges a commission of $3.0 per lot per side ($6 round trip) on the Raw ECN account and $2.0 per lot side ($4 round trip) on the Pro ECN account.
- The minimum deposit is pretty steep at $10,000 – more than other pro-level accounts I have reviewed.
- “When I was very little, I never expected to be a professional driver. Sometimes you don’t know if your dreams will come true, but you have to fight for them. Life can surprise you,” she says.
- Choose the professional traders you wish to follow and diversify your Forex trading risk around multiple strategies.
- Vantage FX provides traders with the MT4 trading platform, an advanced trading platform that was introduced in 2005 by MetaQuotes.
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 https://limefx.name/ Advisor (CTA). Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. If you have experience trading with Vantage please share your personal review of the broker and what you think are strong and weak points.
This isn’t really a major drawback for me as I prefer the wide-screen functionality that you get on the desktop and web platforms. 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. 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.
Vantage have a great selection of financial instruments which you can trade online across various global markets and asset classes including Forex, Stock Indices, Commodities, Metals, Energies and Share CFDs. One of the standout features of Vantage is its comprehensive educational content. There is a broad range of written articles, exhaustive courses, and a collection of hundreds of recorded webinars.
While this account type does not incur any swaps or interest charges on overnight positions, the account holder is charged an administration fee on trading positions. Vantage offers numerous free educational materials in the library section of their website which are accessible to their registered clients. These materials are in several formats, including articles, courses, and tutorial videos and cover topics ranging from trading market updates, forex guidelines, and trading psychology. Whether you are a novice, or a professional trader, all clients can now benefit from receiving daily market analysis as it happens. 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.
Based on my research of Vantage’s legal documents, I assessed that the broker complies with most safety regulations. Additionally, the broker is well-suited for hedging strategies, offering an extensive selection of futures contracts. The broker is based in the Cayman Islands and regulated by the Cayman Islands Monetary Authority (CIMA). The broker is covered under the Securities Investment Business Law (SIBL) and is fully compliant with all the regulations laid down by local authorities. By the Financial Conduct Authority (FCA) under Vantage Global Prime LLP, for institutional clients.
The range of platforms offered by the broker is among the best in the industry. All of the broker’s platforms are equipped with extensive trading support, ensuring that all its users are kept up to date about the markets. 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. On the other side, the ECN account types feature raw spreads from 0.0 pips that incur commissions of $3 per trade for the lower tier account and $2 per trade for the higher tier account.
Note that Vantage FX does not offer its services to residents of specific areas such as North Korea, Japan, the United States, and other regions. For sending notifications and alerts to clients for specific activities and may also perform some automated actions. However, the relatively slow order execution speeds – between 100 and 250 milliseconds – are not ideal for scalping, whereas the average-to-high swaps that I recorded are less than optimal for position trading. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.