Regardless of the account type traders choose, they can be sure of the competitiveness and complete pricing transparency. With a minimum trading size of just 0.01 lot per trade, 1,000+ assets to choose from, and a variety of base account currencies, Vantage offers excellent trading conditions. Vantage FX offers access to more than 40 currency pairs, providing forex traders with the most liquid global FX markets. Both Standard and Raw accounts offer very competitive spreads, as well as demo accounts for both types. Compared to a Standard account, a Raw account has a spread of 0.0 pips and is commission-free, but requires a monthly subscription. The broker’s regulation by ASIC indicates a reputable broker that keeps to regulatory and ethical requirements.
Closing Thoughts on Vantage Fees
The online module is handy for beginners trying to get hands-on the basics of the forex markets. From just €10 per trade, clients of Vantage FX can now trade over 50 UK and European listed companies through our new range of Share CFDs. As a multi-award-winning CFD broker, Vantage delivers a superior trading experience, recognised by respected financial institutions and publications. Trade gold and silver, the world’s most popular precious metals, which have historically been used as a hedge against inflation and a store of value during uncertain economic times. Forex Swap rates are affected by market conditions and the interest rate of the affiliated countries of the chosen Forex currency pair.
Also, all client funds are in segregated trust accounts and come under negative balance protection. Besides, Vantage FX has an indemnity cover to safeguard clients if it fails. BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist.
BEST CFD BROKER – Global
The broker offers institutional trading conditions to retail traders, operating a true ECN/STP model of execution that offers transparency and helps to build trust. As with other ECN brokers, Vantage FX uses top-tier liquidity providers (LPs) to ensure deep liquidity, fast trade execution speeds, and tight interbank RAW ECN spreads that start from just 0 pips. Clients signing-up with Vantage FX have the choice of three account types, including two ECN and one STP, with the forex broker’s lowest spread starting from zero pips. Besides, the commission at $3 per standard lot per side is among the lowest in the industry. The forex broker offers the lowest spread to clients signing up for the Raw ECN and the Pro ECN account types. While the bid-ask range starts from zero pips, clients also pay a commission of $3 and $2 per standard lot per side on the Raw and Pro ECN account types correspondingly.
The broker consists of three other separate licensing and regulatory entities, including the FCA, VFSC, and CIMA. This Vantage FX review gives you all the key facts you need to decide if it’s the right platform for your money. I have used vantage fx for the past one year and they have not let me downDeposit and withdrawals no problems, with very helpful customer care ready to assist you when you need help. Will continue use vantagefx as it considering the best broker I trade with so far. They’re already doing well, but there’s still room for improvement in customer care, particularly when it comes to responding to traders’ queries.
- BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist.
- The count of tradable instruments, including Forex, commodities, shares, and bonds, reaches over 1,000.
- 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 FX charges different fees based on the market traded and the account type opened.
- Beginner traders can also start with a Demo trading account and practice their trading skills with virtual funds.
SOFT COMMODITIES
While the MetaQuotes software comes loaded with several features and trading signals, Vantage FX has included its own set of cutting edge tools to enhance the trading efficiency of clients. Some of the exclusive trading tools are freely accessible by all clients, while some are only for Pro clients, or clients who bring in a specific minimum initial deposit. The Vantage Group of Companies was incorporated in 2009 by a team of financial market professionals with experience in forex, finance, and technology. Since trading and non-trading fees can substantially impact trading performance, it is essential to pick a broker offering competitive prices. Whether you prefer the broker’s spread-based Standard STP account or the commission-based Raw ECN account, you will benefit from excellent trading conditions and transparent pricing.
“Bad Customer Service”
Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk. It is, therefore, unsuitable for those who lack proficiency and sufficient experience. However, traders must note that transactions via certain payment processors may incur fees, which do not depend on the broker. Another thing to take into consideration about deposits and withdrawals is that the company operates a “return to source” policy, requiring customers to use the same method for their deposits and withdrawals.
Thanks to the broker’s oneZero™ MT4 Bridge, traders can enjoy the fastest execution speed. The prices of all Vantage FX Indices are based on the underlying price of the index’s corresponding stock market. 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.
For instance, Debit/Credit Card withdrawal can only be used for accounts that made vantage fx deposits using a Debit/Credit Card. Some exciting features you will enjoy from this platform include three real-time chart types with nine timeframes, good drawing tools, various technical indicators, and more. A $4.0 commission for a 1 Lot trade on the Pro account is very competitive. 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. The broker charges a commission of $3.0 per lot per side ($6 round trip) on the Raw ECN account and $2.0 per lot side ($4 round trip) on the Pro ECN account. Finally, let us compare Vantage FX Standard Account average spreads with those other major brokerages offer on the three most actively traded Forex pairs.
Their range of available financial assets compares fairly to other big brokers, such as OANDA and Fusion Markets. In our forex broker review of the trading conditions at Vantage FX, we analyzed the lowest spread offered by the forex broker, in addition to the margins, and order execution. Vantage FX offers more than 180 CFD products across all the major asset classes. In our review of the best Australian CFD broker, let’s take a quick look at the product offering under each of the asset classes individually.
- Beginning with the positives, the top CFD broker is one of the safest in the industry, authorized and regulated by multiple tier-I watchdogs.
- The broker offers access to ForexVPS free of charge for clients that have a minimum balance of $1000.
- As a Tier 1 regulatory authority, ASIC also mandates that all client funds are kept fully segregated from the broker’s corporate accounts in client trust accounts at top-rated banks.
- The Vantage FX platform now allows clients to trade their own accounts with real money by copying trades made by proprietary traders.
- Vantage offers a broad range of energy commodities, providing traders with access to the highly liquid global energy markets.
To get free Forex VPS services, customers must meet several requirements, described in the table below. In addition, Vantage FX is currently one of the only brokers offering TradingView’s CHARTS. We provide support and detailed account information at every stage of your journey. Our dedicated customer support team is available 24/5 to provide assistance with any trading-related issues or questions.
The mobile app supports all the order types and MetaTrader 4 execution modes, including three chart types in nine-time frames- M1, M5, M15, M30, H1, H4, D1, W1, and MN. The broker’s accounts, compliant with the Sharia Law, feature spreads from 0.0 pips, a $50 minimum deposit requirement, and no deposit fees. The count of tradable instruments, including Forex, commodities, shares, and bonds, reaches over 1,000. The broker provides traders the Vantage FX app; it is a proprietary mobile trading platform that allows traders to buy and sell various financial assets from the convenience of their mobile handheld devices. The platform is replete with a suite of advanced trading tools, such as technical indicators, order management, custom watchlists, trading signals by Trading Central, alerts, news calendars, and more. 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 offers Swap-Free Accounts, enabling Muslim traders to hold overnight positions, without incurring extra fees, or swap fees, which we described in the previous section of this publication. The Swap-Free trading accounts are designed for traders, who, due to religious beliefs, cannot pay or receive swaps. Once a trading day comes to a close, traders have the choice to either close their positions or keep them open, which leads to accruing interest. Depending on the Forex instrument and the direction of the trade, brokers either pay or charge this swap rate to traders’ accounts.
Professional and swap-free accounts are also available for qualifying customers. Overall, these account options allow traders of all experience levels to pick the one that aligns with their preferences and trading style. Additionally, Vantage FX’s traders can trade with the mobile versions of the MT4 and MT5 trading platforms.