VantageFX Review in 2024 Spreads & Fees Compared

vantage fx broker review

Vantage offers this access to global FX Markets via its powerful MetaTrader 4 (MT4) platform. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.

Through the Forex trading signals tab, you are able to tap directly into the minds of professional traders, making trading decisions alongside them in real time via their signal service. The PRO ECN is aimed at professional traders and money managers who need to trade high volumes. The minimum deposit required is $20,000 with variable spreads starting from 0 pips and commission from $2. The Standard STP account is aimed towards traders who want direct market access and prefer higher spreads and no commissions. The minimum deposit required is $200 with variable spreads starting from 1.4 pips.

Meanwhile, it is important to note that Vantage falls short in offering limefx broker reviews free educational access and competitive fees, which are considered the primary elements for trading. The range of trading platforms is solid, you can trade on the web, mobile, Meta Trader and ZuluTrade. This broker is regulated by ASIC and has a strong reputation that should inspire confidence in clients.

Firstly, there is no dearth of payment methods available and secondly, there is zero fees charged on both deposits & withdrawals. VantageFX, rebranded as Vantage Markets is a registered multi-asset CFD provider in Vanuatu. However, it is restricted to operating in Canada, China, Romania, Singapore, and the United States.

vantage fx broker review

No, Vantage is an ECN/STP broker, which means it sources quotes from several external liquidity providers with no dealing desk intervention. 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.

  1. Please note, some markets may only be available via CFDs or other derivatives.
  2. With regulated operations, secure fund management, and indemnity insurance in place, traders can feel confident that their interests are well safeguarded.
  3. Spreads start from an impressive 0.0 pips, depending on the account type, allowing for potentially higher profits.

Markets

Energy traders take advantage of fluctuations in the price of a certain specialised set of commodities markets such as oil, gas, gasoline and heating oil. Vantage have teamed up with MetaQuotes to provide you with free access to a large number of MT4 signals. The MT4 trading signals will send you an alert when there is a potential trade opportunity on a specific trading instrument. These signals can be copied directly onto your trading account although you should be aware of the risks when copying other traders’ signals. You can start to diversify your portfolio by duplicating the trades of proprietary traders, trading their own accounts with real money. You can open trades with pip-perfect precision with multiple order types and view important data including the pip and trade value in dollar values.

Is Vantage Markets Legit?

I think Vantage could improve its market coverage by introducing Asian share CFDs from exchanges like the Shanghai or Tokyo Stock Exchanges. My only minor complaint is that the selection of shares is lighter than some brokers like CMC Markets. There are excellent diversification opportunities, especially the bond and ETF offerings, which aren’t available at many alternatives based on testing. As for licensing, I’m glad to see that many clients will be registered under tier-one-regulated entities. There are sections of the website dedicated to tutorial guides and videos for using the MetaTrader platforms.

What Markets Can Trade?

The MT5 web trader runs directly in most popular web browsers so you can access your account from any location at any time, provided there is an internet connection. This can come into use if you do not have your computer available and need to check your account. One of the things I like about the web platform is that it is always up to date so I know I am using the latest version at all times. MT4 offers 9 different chart timeframes and 3 different chart types (line, bar and candlesticks).

There is also the Vantage App, which is essentially a branded version of the MT5 mobile app. The flexibility was great, as you can really practice trading the same size as when you open a live account and trade real funds. All CFD trading products are available for spread betting and since they both have the same underlying instruments, the spread or points will be the same. Spread betting accounts do not have commission costs in addition to the spread. Ross Collins, our chief researcher tested the Raw Account Spreads for 20 MT4 brokers for RAW-style accounts and found Fusion Markets and IC Markets to be among the top choices for tight spreads.

Trading Platforms and Features

Begin by filling out the online application and then fund the account using your choice of ten different funding methods. When creating its services, Vantage FX asked itself what traders want from a forex broker. Based on that question, it chose what to include and what values or features to strive toward. Vantage FX is limefx official site a leader among Australian Forex brokers and gives traders the ability to access the Forex markets, Cryptocurrencies, Indices, Commodities and Shares CFDs. VantageFX offers multiple deposit and withdrawal options, including bank transfers, credit/debit cards, and e-wallets.

Vantage is the best platform I have ever used.

The sentiment ratio of long to short positions are represented as a percentage and displayed as a sliding scale where orange represents clients’ shorts and teal represents their longs. The MetaQuotes WebTrader platform for MT4 and MT5 offers clients a robust method to trade directly from their browser, and it’s compatible across Windows, MacOS, and Linux operating systems. Not to mention MT5’s inbuilt system of alert, designed to help traders keep track of important market events without having to consult an external economic calendar. The MetaTrader 5 platform (MT5 platform), is the next generation of Forex trading platform to roll off the production line at MetaQuotes.

Make smarter trading decisions and find key price levels by taking advantage of the Vantage Forex calculators. 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. Gain fast and stable access to your MT4 & MT5 trading account from any web browser window wherever you may need to manage trades from.

At Vantage, they hold themselves to the highest regulatory and security standards so you can invest through them with absolute peace of mind. I have found them a dream to deal with so far and can highly recommend them for trading online. They really go above and beyond to ensure that they are implementing the latest innovative technologies to remain at the forefront of the online brokerage industry. Founded in 2009, Vantage is the brainchild of a highly specialised team with backgrounds in finance, forex trading and fintech.

Whether you are a novice, or a professional trader, all clients can now benefit from receiving daily market analysis as it happens. Sentiment analysis is another tool that Forex traders can use to make trading decisions, adding it to their standard arsenal of fundamental and technical analysis. It works side by side with these methods of analysis by helping to alert you of any supply/demand imbalances which could lead to potential reversals in price.

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. 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 Raw ECN account and the Pro ECN account provide trades at $3 and $2 per trade (each way), respectively.