Vantage FX Review 2023: Pros, Cons, Fees & Features

by artesianwell

vantage fx reviews

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 a decent range of research tools – both in-house and from external providers. The content is presented in different formats (video, written, etc) and covers various aspects of the market.

Is Vantage FX regulated in uk?

  1. InvestingReviews provides you with independent reviews and comparison services to help you on your investing journey.
  2. I think Vantage is the benchmark when it comes to withdrawal via Crypto transfer.
  3. This type of model means they are using straight-through order processing (STP) or possibly Electronic Communication Networks (ECN) since this is the name of some of their trading account.

I think that you can’t go wrong with any of these platforms if you are just looking to study the charts, place and manage positions. However, if you have more complex trading strategies and want to explore a plethora of built-in trading tools, then you will probably edge more towards the MT5 platform as it has the most functionality. That being said, MT4 can be expanded with free and paid add-ons to improve its capabilities. The Vantage platform is also good in its own right but if you change brokers down the line, you will need to learn another platform all over again. Other comparable brokers who have both MetaTrader platforms include HYCM. The Vantage Group consists of a number of companies who are authorised and regulated in various jurisdictions.

Vantage FX Cost and Fees, Commissions and Spreads

Other than that, Vantage FX is the trading name of the Vantage International Group Limited. For customers based in the United Kingdom, the broker is authorized and overseen by the UK Financial Conduct Authority (FCA). As is standard, withdrawal requests must use the same method as your deposit up to the original amount deposited. After this amount, you can select another withdrawal method from the same options as deposits. 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 account creation is swift (can be completed within 5 minutes), it may take up to 24 hours to get your trading account verified.

Trading Instruments

Generally speaking, Vantage will not apply any additional fees, though this may depend on your bank. A full list of fees is readily available and easily accessed via the homepage – simply click on the payment options icon at the bottom right-hand corner of the homepage. In our experience, both deposits and withdrawals to the platform are processed quickly with minimal delay. 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.

Vantage FX Customer reviews

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. The analyst views provide expert trade ideas that are an exclusive market research solution which combines senior market analyst expertise along with algorithmic pattern recognition. The trade terminal is a one click trade manager with a range of built in functions for quick trading. Traders can quickly open multiple order types, close individual or all orders, create templates for frequently used functions, quickly modify orders, set alarms and more. The alarm manager can be set to send you alerts and notifications of specific activities and also perform automated actions on your behalf.

vantage fx reviews

Vantage have developed and maintained partnerships with some leading financial companies in order to provide you with a comprehensive brokerage service. 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. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.

Compared to the broader industry, Vantage offers an average number of currency pairs and a 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. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. I was strongly impressed by Vantage’s proprietary trading app powered by the seamless TradingView. It offers a superior design with numerous functions, enabling easy market access and real-time monitoring of market trends for on-the-go position adjustments.

You may also offer additional feedback regarding your Vantage FX trading experience. If you have already withdrawn the amount deposited from your original deposit method, you may only withdraw via bank transfer. That’s because all profits must be sent to a bank account linked to your name, as per Vantage’s anti-money laundering (AML) and CTF regulations.

Opening an account with Vantage was a relatively painless and streamlined process, allowing us to be set up in about 5 minutes. There’s an easy-to-use economic calendar, which is very useful for staying up to date with announcements that could move the markets. If you’re located in Australia, the UK, or South Africa, your account will be regulated by your country’s regulatory body. There were also bond CFDs, allowing us to speculate on interest rate changes. It was very simple to bring up price quotes for products like the 10-year German government bond. There are also 29 stock indices, such as the S&P500, the Australian SPI200, and the FTSE100.

vantage fx reviews

To help out our readers & potential platform users, we created an in-depth Vantage FX Review and listed out the 10 key considerations you should look at before starting to trade with Vantage. The section is also updated regularly with new content as it becomes available and this is a resource that Vantage FX clearly invests in to help you continue to grow and develop as a trader with them. In this review, we will take a detailed look at the key aspects of Vantage FX to enable you to make the best-informed decision possible when choosing your next top forex broker. When it comes to withdrawals from your Vantage FX client account, there is no lower or upper limit on transaction sizes except for Neteller, which has a maximum withdrawal of £500,000 per transaction.

vantage fx reviews

The company has been in operation since 2009 and is based in Australia although they have now expanded to many locations and boast a worldwide trader base. The owner(s) of this website may be compensated to provide opinions on products, services, websites and various other topics. Even though the owner(s) of this website receives compensation for our posts or advertisements, we always give our honest opinions, findings, beliefs, or experiences on those topics or products. The views and opinions expressed on this website are purely the author.

The broker does not apply a handling fee on deposits or withdrawals, though third-party banking fees may apply. The app effectively combines crucial features like charting, order execution, and account information with additional services, including market analysis and copy trading. The quality of a brokerage’s customer support is always a vital consideration when determining which brokerage is best for you. This reality remains true regardless of whether you’re an experienced investor or a new trader looking to get started in the markets.

There are regular educational webinars, which are run by a trading education firm called Trade With Precision which focus on topics such as specific technical indicators and trader psychology. 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. Vantage is also a member of The Financial Commission which is a body formed exclusively for solving any disputes between brokers and traders in a smooth, seamless manner. The Financial Commission while impartial, is not a government body or regulator. Of course, it’s always a good idea to hold only a fraction of your trading capital in any one trading account at one time.

Up next, we had to share some basic details regarding our trading history and experience. Next, we had to share details of our employment status and financial position. Vantage is required to do this due to regulatory KYC (Know Your Client) processes. Then we had to provide details about our address and whether we’re a US resident for tax purposes. At the next step, we had to provide some more of our personal details, such as date of birth and identification document details.

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