Vantage Review 2024: Pros & Cons

Our simple and intuitive trading platform allows you to trade over 300 different CFDs on instruments no matter where you are. Our ultra-fast execution, stable performance, and round-the-clock dedicated customer service support, ensures that with Vantage, you have the edge to trade better on market opportunities. Vantage FX provides unique support through their MT4/MT5 platforms rather than their other competitors in the market.

As a result, each forex currency pair has its forex swap charge, and interest is paid on currency sold and received on currency bought. 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. 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. Choose from precious metals, oil and soft commodities to take advantage of major market cycles. Just a couple minutes after we’d started the process, we were picking our desired currency to keep our account in, and the specific account type we wanted to open.

Vantage is required to do this due to regulatory KYC (Know Your Client) processes. In general, the customer service team seemed patient with the rather advanced questions we threw at them. If they didn’t know an answer off-hand, they would take a moment and then send us a bunch of information that would likely help us with our inquiries. 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. Exchange Traded Funds (ETFs) were another option, which is a great way to pursue a specific trading or investing theme.

1. While not entirely unique, the VantageFX demo account has no expiry date (some brokers limit the account to 30 days) which is a good thing as you will not be pressured to sign up before you are ready.
2. We covered how to sign up for a Demo Account and Live account elsewhere on this page.
3. There are also e-wallet providers such as Neteller or Skrill, which can help you to segregate your trading funds from your personal bank account.
4. With Vantage FX, you will enjoy the benefit of super-fast trade execution and interbank grade RAW ECN spreads with no dealing desk intervention.
5. Almost every single transaction on all tradable markets, including futures, bonds and stock markets all have a traceable forex trading impact.

Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Leverage the volatility of the largest stock market indexes in the world such as the SP500, DAX, FTSE and DJ30. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004.

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ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. For traders in Australia, you should strongly consider using Vantage’s raw ECN account as commission rates are extremely competitive. Vantage, as well as many other broking firms, could improve in this regard, especially with providing education and tools for the experienced trader. 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.

It is available as a mobile app that is compatible with Android and iOS devices and can be downloaded from the respective app stores. Vantage FX offers ECN spreads for the Raw ECN and Pro ECN account types, but the Standard STP account has marked-up spreads. The commission fees are competitive, and there are no additional fees on top of overnight financing charges. The account allows its users to take advantage of the lowest costs while capitalizing on the fastest execution speeds.

This way, the risk of fraudulent behavior by the brokerage is kept at a minimum. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.

Fast & easy account opening

The bigger your trade size is, the lower you have to pay their trading charges. It also offers its own proprietary Vantage app, which – despite the added distraction of in-app ads – shows real promise as a trading platform. The forex market is the largest financial market in the world with a turnover of well over £4 trillion a day. Almost every single transaction on all tradable markets, including futures, bonds and stock markets all have a traceable forex trading impact.

How many instruments can I trade with VANTAGE FX?

MT4 has a ton of features, including use of Expert Advisor tech for custom trading analysis. Like with most brokers, a demo account is available so you can test out the platform and the broker before committing. While not entirely unique, the VantageFX demo account has no expiry date (some brokers limit the account to 30 days) which is a good thing as you will not be pressured to sign up before you are ready. If you are of Islamic faith and comply with Sharia law then the use of a riba is forbidden. In the case of trading, a swap fee (sometimes called an overnight charge or rolling fee) is considered a form of riba and is therefore not permitted. For this reason, a swap-free (aka Islamic) account is available provided you can prove your eligibility.

There is also the Vantage App, which is essentially a branded version of the MT5 mobile app. We were impressed by the trading platform options offered by Vantage. There are also e-wallet providers such as Neteller or Skrill, which can help you to segregate your trading funds from your personal bank account. Vantage has a range of deposit methods, making it pretty easy for most traders around the globe to fund their accounts. Access to the demo account is completely free and available for 30 days. This is a good amount of time to get a hang of both Vantage and your chosen trading platform.

There are countless chart indicators in TradingView, all accessible at the click of a button. If you have multiple accounts, you can switch between them in seconds with MT5. Placing orders in MT5 is very simple, select your order type and trading parameters, then https://limefx.club/ click the blue or red buy and sell buttons. As you can see, MT5 has a very clean and intuitive interface, which is great for keeping trading stress levels to a minimum. Moving over to Vantage branded options, we had the pleasure of viewing Vantage ProTrader.

If you’re just starting out, or you only going to take the occasional trade, the standard account is probably right for you. Since this account uses micro-lots rather than standard lots for trading, your required capital (and therefore risk) is far lower. With this in mind, we think this account is a good alternative to a demo account if you want to practice trading with real cash rather than virtual cash.

The biggest difference is that the account isn’t offered to Australian traders, and comes with a $10,000 USD minimum account opening amount. The advantage of this account is the higher leverage you can trade with but you will need to prove you meet the eligibility requirements set by the FCA. The account is only available to residents of South Africa, and the minimum deposit is $50 USD. limefx review Spreads start from 0.0 pips with the commissions-based accounts and 1 pip with the Standard account and we can say that overall the spreads with the RAW and Pro accounts are quite decent. To this, we will also say that if you are in Australia or the UK, VantageFX is a broker of worthy consideration because in addition to good spreads, the commissions are some of the best we have seen.

Next GenerationForex Broker

An example of one such trade would be a EUR/USD buy trade, meaning buying EUR and selling USD. Vantage FX offers swap-free trading on both the Standard STP and Raw ECN accounts. Both Swap-Free Standard STP and Swap-Free RAW ECN accounts are designed for traders who are unable to receive or pay swaps due to religious beliefs. 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 its own proprietary trading app, alongside the standard MetaTrader suite of mobile apps.