The overnight fee is a common fee among brokers which is charged at the closing time of the market for positions that you have kept open. The account also offers a great level of flexibility in terms of pricing and how your sub accounts are managed. Another positive point of this account type is that the number of sub-accounts you can control is unlimited. An Islamic trading account is offered by Vantage and is completely compliant with Shariah law.
How to open an account at Vantage FX
The company now has over 1000 employees in over 30 offices and it serves traders from 172 countries. We tested the live chat three times and found it quick and easy to use with responses in less than one minute once connected with an agent. Before then, a queue counter lets you know roughly how long to expect to wait, and we did not experience waiting times of more than a few minutes in any of our tests. Although not as extensive as some competitors such as eToro, the varied collection of resources mean we can recommend the broker to beginners looking to learn more about forex trading. It also doesn’t have the hefty deposit of DupliTrade, making it better for traders on a budget.
- After the latter complained about it online, the broker allegedly offered to make the payment if he removed the said complaint – thus effectively holding his money hostage.
- The broker also removed binary options in 2017 to focus on ECN forex trading.
- If you trade at Vantage FX via MT4, MT5, or WebTrader, you’ll have easy access to trading signals and Expert Advisors.
- As such, it is quite clear that Vantage takes its regulatory obligations seriously, making this broker one of the safest around.
- This deposit bonus it is important to note, may not be available everywhere in the world.
Vantage Standard STP Account
While the account creation is swift (can be completed within 5 minutes), it may take up to 24 hours to get your trading account verified. Upon verifying your account, you will have to fund your account using any of the available payment methods before you can start trading. There are also written tutorials of the platforms for those who learn better by reading. These include step-by-step written instructions for installation and a basic overview. To help reduce slippage, Vantage FX has a network of data centers and servers to deliver ultra-fast execution, with six trading servers in various countries.
Key Pros
These include EU, US, and Australian indices as well as Asian indices from China, Japan, and Hong Kong. When making Vantage withdrawals you should be aware that all of the same methods are available as with deposits. This means that wire transfers, credit/debit cards, and a range of eWallet and other methods are all available. These locations help to give Vantage an international presence and to connect more closely with traders in different areas around the world.
In which countries is Vantage not offered?
This is because an equivalent trade on a zero spread account with Fusion Markets will incur a $4.50 commission per round turn, which is, at present, among the most competitive offers within the industry. In this broker review, updated in October 2024, we will pay attention to the critical aspects of Vantage FX, which you may consider before deciding whether to trade with this online brokerage. Vantage has an average Trustpilot score of 3.3 stars from 3,862 customer reviews. Around 57% of all reviews on the platform have a 5-star rating, with 26% of all reviewers giving the broker a 1-star score.
The prices of all Vantage FX Indices are based on the underlying price of the index’s corresponding stock market. Vantage FX offers three account types; Standard, RAW ECN, and PRO ECN. Vantage Global Prime, the UK arm of the broker, offers two account types; Vantage Prime and Vantage Prime Pro. All account types provide access to all available instruments and platforms.
It provides you with access to all the features of those platforms, and your Vantage FX account, without requiring a download. WebTrader gives you access to 30 indicators, nine timeframes, and 24 technical analysis tools. It is compatible with more than five browsers, including Opera, Safari, Edge, Firefox, and Chrome.
Trading signals and indicators
Ongoing management of accounts and cash transfers is performed by visiting the home page of the trading platform. Vantage does point out that some payment options might incur charges levied by third parties, so checking the small print can save paying unnecessary fees. The MyFxBook AutoTrade feature further enhances social trading opportunities. This allows users to copy trades of more successful and profitable traders.
This includes great training on Metatrader with video tutorials, manuals on both MT4 and MT5, and guidance on how to use the trading platforms excellent range of tools. Trading is available here through both MT4 and MT5 trading platforms and the trading costs are kept low with no commissions on trading, and a spread that starts from 1.4 pips. The site offers excellent trading platforms, trading conditions, execution and market coverage. Vantage scores highly regarding how easy it is to contact the customer support team. The broker steers users towards its ‘VIVA’ Live Chat service, which offers an immediate response time; however, when you contact VIVA initially, you will be met by an automated response system. The prompts offered to our queries were helpful and steered our testers towards resolving their problems.
Smart Trader Tools
A great solution for crypto investors, clients can open an STP/ECN account with Bitcoin or Ethereum as the base currency. This makes it easy to speculate on traditional financial markets using existing digital assets, without having to convert cryptos into fiat currencies like GBP. I have conducted an in-depth review of Pepperstone vs. Vantage to determine which broker is the better overall choice and which traders will benefit most from each. When it comes to research with Vantage they have a wide range of tools available.
- We tested the live chat three times and found it quick and easy to use with responses in less than one minute once connected with an agent.
- Please note that some products and multiplier levels may not be available to traders from EEA countries due to legal restrictions.
- This approach allows traders to select an account that aligns with their trading preferences without worrying about excessive costs.
- If you want to know more about Islamic trading and swap free accounts, then you can always check out our article on the best swap free Islamic brokers.
- The 800+ list of equities is particularly strong, with exposure to blue chip stocks from the US, Europe, Australia and beyond.
This allows for a highly efficient, customizable trading experience at the broker. They allow both scalping and hedging as well as facilitating algo trading through the availability of the MT4 and MT5 platforms EAs feature. These include the ability to set stop losses, trailing stops, and take profits, in managing your open positions. You can also engage limit orders to effectively manage your market entry points, and the broker also has margin calls to ensure you equity never drops below a certain point without your awareness.
Vantagefx.com also has a proprietary mobile app, which provides access to 250+ tradable instruments. You can open a demo account, chat with customer support, make deposits and withdrawals and more. The Vantage FX app can be downloaded from Google Play and the Apple App Store, where it has many positive customer reviews.
Pepperstone and Vantage offer a similar account structure, including commission-free and commission-based pricing environments. Filippo Ucchino is the founder and CEO of the brand InvestinGoal and the owning company 2FC Financial Srl. He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family.
Each account type is designed to provide specific features and benefits, ensuring that traders can select the option that best aligns with Worldtradex scammers their trading style, experience level, and financial goals. The broker, Vantage, offers traders access to a diverse array of commodities, encompassing both precious metals, such as gold and silver, and energy commodities, including oil and natural gas. Additionally, Vantage provides access to agricultural commodities like wheat and corn. This variety enables traders to diversify their investment portfolios beyond traditional financial instruments. Vantage is committed to providing competitive pricing structures and flexible leverage options for these commodities, catering to the needs of various trading strategies and risk appetites. By including these valuable and often volatile commodities, Vantage ensures that its clients can take advantage of market fluctuations and potential opportunities across different sectors.
Yes, Vantage FX is regulated by CIMA, FCA, and ASIC, which are regulatory bodies from the Cayman Islands, the UK, and Australia, respectively. As part of this regulation, the broker stores client funds in segregated accounts and prides itself on offering a high level of transparency. Given that Vantage FX has been in business since 2009, the broker has withstood a range of economic conditions, indicating that it is long-lasting and financially responsible. The broker is based on the Cayman Islands, which is a common location for forex brokers, providing additional peace of mind. UK clients have slightly different account types and a slightly different pricing structure.