We found VantageFX to have tight spreads and low commissions, beyond that the Forex broker is quite generic with MT4 and MT5 trading platforms and 50+ Forex pairs along with other CFD products. My tests have shown that trading fees at Vantage are fairly competitive but not the lowest I have seen. The STP account does offer zero commissions but wider spreads from 1 pip.
RAW/ECN Account Commission And Spread
Despite the fact VantageFX round their average spreads (we assume down, not up), we can say their spreads compare favourably to the industry average. But our results do suggest there may be certain currency pairs to look out for, for example, our test suggests the spreads for the AUD/JPY pair might be a bit high. Vantage is a top-tier broker with some of the lowest trading fees I have seen. It’s just a shame the Pro account has a steep $10,000 starting investment. No, Vantage is an ECN/STP broker, which means it sources quotes from several external liquidity providers with no dealing desk intervention. Help is available via live chat, email or telephone, with waiting times for responses scoring very well.
- Outside of these hours, we would sometimes run into a chatbot on live chat, or deal with a customer support representative who seemed less knowledgeable than their Australian counterparts..
- I want to stress that while leverage can boost potential profits, it can also cause significant losses.
- 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.
- Vantage technical support offers various communication channels, including email, phone, and live chat, as well as a unique remote support service through TeamViewer.
- It includes hundreds of written articles, comprehensive courses, frequent webinars, a detailed ebook, and more.
Vantage FX Broker Review
- We recommend this model if your strategy needs fast execution speeds and the guarantee of fixed commissions.
- How to use MT4 & MT5Vantage’s How to use MT4 and MT5 trading platforms section offers comprehensive guidance on navigating and utilizing these well-known trading platforms.
- The deposit options are especially good for traders in Australia, with a number of instant or completely fee-free options.
- The variety of licenses and geographic presence in different regulatory jurisdictions allows for a high level of confidence in the reliability of the Lunar Capital.
Additionally, Vantage offers excellent market research covering major trading developments. 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 offers a variety of account types, including Standard STP, Raw ECN, and Pro ECN accounts, to accommodate different trading strategies and needs.
Commission and Fees
Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator https://lunarcapital.team/ agencies (read more about how we calculate Trust Score here). Vantage offers a growing selection of educational resources for traders, bringing it closer towards the industry standard and aligned with brokers that make education a priority, such as IG or AvaTrade. This app can be linked to your MT4 account and provides for three different copy methods. If you can afford it though, this account opens up great potential for very low cost trading.
You can deposit funds into your Vantage account using various methods, including bank transfers, credit/debit cards, cryptocurrencies, and electronic payment systems such as Skrill and Neteller. Some clients praise the speed and efficiency of the service, while others express dissatisfaction with delays in fund withdrawals and insufficient support from the helpdesk. Vantage also regularly publishes up-to-date articles that analyze current market trends, such as S&P 500 stocks to watch during earnings season or analysis of ESG stocks. These materials can help traders stay informed about the latest news and opportunities in the market. After meeting these conditions, the client can credit their account and receive a VPS cost refund of up to $50 directly to their trading account. Forex VPS provides an external server to manage trading connectivity, ensuring the MetaTrader 4 platform operates 24 hours a day.
A currency conversion fee could also apply if you are depositing a non-supported currency. Finally, ICF insurance is available to UK based traders that can provide for compensation of up to £85,000 if anything does go wrong and your money is affected. In all, the fast execution speeds, low spreads, and minimal commissions make Vantage an excellent broker choice and one we can recommend if you are interested in scalping. With the Raw ECN or Pro ECN accounts, you will find spreads from 0 pips and a $3 per lot or $2 per lot commission respectively.
How to use MT4 & MT5Vantage’s How to use MT4 and MT5 trading platforms section offers comprehensive guidance on navigating and utilizing these well-known trading platforms. Whether you’re a beginner or an experienced trader, this section provides step-by-step tutorials, tips, and insights to help you make the most of these platforms. Learn how to execute trades, analyze markets, use technical indicators, and customize your trading environment for a seamless and effective trading experience. Mastering MT4 and MT5 with Vantage’s expert guidance ensures you’re equipped to make informed decisions in the financial markets. Vantage provides access to a robust selection of currency pairs, including major, minor, and exotic pairs. With spreads starting from 0.0 pips and high leverage options, the broker offers an attractive environment for forex traders.
The availability of extensive analytical tools and educational materials can benefit novice traders looking to deepen their knowledge. Vantage technical support offers various communication channels, including email, phone, and live chat, as well as a unique remote support service through TeamViewer. However, mixed customer reviews indicate inconsistent service quality, especially regarding response speed and the effectiveness of provided solutions.
Typically, most of the deposit methods are instant with the exception of a wire transfer, though they may take up to 5 business days to complete in some cases. Other methods which may be available are Bpay and POLi (in Australia only), broker to broker, Google Pay, Apple Pay and Fasapay. You can use wire transfer, credit/debit card that is Visa or MasterCard, or UnionPay China, and eWallets in the form of Neteller and Skrill. The average spread on commonly traded assets with a Raw ECN Account are 3.6 pips for gold, 0.3 pips for USD/JPY. If you want to expand your research, and evaluate some options similar to this broker, you can consult the alternatives to Vantage.
The active trader program also provides for a deposit bonus though this is not available under ASIC and in the UK or EU, and rebates which are a great way to reduce costs trading by volume. Spread betting is available through brokers regulated in the UK, such as Vantage. Yes, Vantage provides VPS (Virtual Private Server) services for clients who need stable and high-speed connections for their trading activities. To delete your Vantage account, you need to contact their customer support team via email or live chat and request an account closure. Yes, Vantage operates as an ECN (Electronic Communication Network) broker, providing direct market access to its clients.
How does Vantage make money?
In addition to copy trading features, Myfxbook Autotrade offers journal features where you can keep track of your trading history. Whilst you clearly won’t get the same experience as the desktop platform, you will get an abundance of real-time data and forex market research straight from the palm of your hand. Traders can access a free demo account at Vantage which gives you $100,000 in virtual funds to practice with. Choosing a broker that is licensed by a trustworthy regulator should be a top priority. Strong regulatory oversight helps protect you from scams and https://lunarcapital.vip/ gives you access to robust safeguards like negative balance protection and jurisdictional restrictions on leverage. The first step is to search for the Forex broker’s CIRO membership details at the bottom of the forex broker operating in Canada.
This service can also be accessed for free once you have deposited at least $1000 in your account as the broker will refund the cost of your chosen VPS up to $50. This gives traders the added flexibility to choose their own VPS provider. Importantly though, traders should be aware that while higher leverage offers the chance of boosting revenue it does come with the risk of greater losses.
Similarly, ProTrader users can also access a range of tools for just a $200 minimum deposit, making this a more accessible option for newer traders looking to upgrade their package. My favorites are the Market Buzz AI news tool and the Analyst Views feed with live trade set-ups. The MetaTrader platforms come with some of the most comprehensive libraries of technical indicators and drawing tools. The $1.50 commission per side per lot in the Pro ECN account is particularly competitive, though note that this comes with a $10,000 minimum deposit and is therefore best for active, high-volume traders. Importantly, I was very pleased to see that there is no time limit on the demo mode, which is good compared to most online brokers who automatically close paper trading accounts after 30 or 60 days.
Designed for institutional traders, Vantage index CFDs can be enjoyed by all clients with no commissions, transparent prices, and ultra-sharp spreads. 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. When it comes to topping up and withdrawing from your account, the options available are very much industry standard. Domestic fast transfers are also available for those who are located in Australia.
Vantage goes above and beyond in offering its clients access to exceptional customer support via various channels, including email, phone, and live chat. These avenues of communication are available 24/7, ensuring that assistance is readily accessible no matter your location or time zone. This dedication to individualized assistance ensures that you receive the highest level of service and support throughout your trading journey.
Accounts & Banking
I also rate that this platform carefully checks its forex traders before allowing copy trades to be made. All traders are verified and their track record is assessed before being added to the site and low-performing accounts are not available for copy trading. This allows users to feel secure that they are mirroring knowledgeable and experienced traders.