Vantage: A Regulated Forex Trading Brokers Review 2024

vantage fx reviews

During our investigation for Vantage Review, we scrolled down Google Reviews and Trustpilot to get a clear idea of the broker’s reputation among its existing users. While Vantage FX Google reviews indicate it to be a good brokerage, the users on Trustpilot have rated it 3.2/5 stars, with many of them raising concerns over Vantage FX withdrawal problems. Some users have even reported that the platform had halted their withdrawal all of a sudden without any reason. Overall, the choice of account type depends on the individual trader’s needs and preferences, so it is essential to carefully evaluate the different features and select the most appropriate option. Vantage offers social trading through third-party service providers such as ZuluTrade, MyFXBook Autotrade, and DupliTrade. What makes Vantage stand out from other online CFD trading firms is its offering of both STP and ECN accounts.

vantage fx reviews

Does Vantage operate a bank?

Traders outside of the UK and Australia have more leverage, at the expense of their accounts being regulated by non-A-Grade regulators. All up, there are 57 forex pairs, which is all of the major FX pairs, as well as most of the major cross-currency pairs. The Vantage website also allowed us to choose our account type, either the Standard STP or Raw ECN options. The process involved filling in our email address on the Vantage website.

Commissions and fees

Vantage Global Prime Pty Ltd is authorised by ASIC (Australia), Vantage International Group Limited is authorised by CIMA (Cayman Islands) and Vantage Global Prime LLP is authorised by FCA (UK). Vantage FX serves additional clients from its offshore branch in the Cayman Islands, also adhering to reputable licenses from ASIC and FCA. Ethereum (ETH) is the second-largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform. Ripple (RPL) is popular among big banks with the Ripple network a next-generation real-time gross settlement system. Equity or stock indices are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific set of the largest companies of a nation or they can represent a specific stock market.

vantage fx reviews

Supported Languages

I think it is a great addition that every broker should offer to clients. You can customise it according to your own strategy and automatically scan thousands of instruments for possible signals. There is no need to sit around watching charts all day when you have a tool that will do all of the leg work for you. Libertex also have Trading Central if you want to consider an alternative option. The Vantage economic calendar is provided by MetaQuotes and lets you track the latest market events. The calendar displays the dates and times of releases, the impact level expected, the country affected and the forecasted/previous/actual results of the release.

Deposit Methods

Our in-depth and unbiased reviews help investors in choosing the best broker according to their investing needs. Thus, considering all the factors through this detailed VantageFX review, Vantage is considered a low-risk broker and is not a scam. The broker has in place regulation from several well-respected regulatory bodies around the world. These include oversight from ASIC in Australia, the FCA in the UK, and offshore from the CIMA in the Cayman Islands, and VFSC in Vanuatu. This positions them well as a broker with top-tier regulation in place but also allows them to offer a degree of flexibility through the additional offshore regulatory bodies. It’s easy to withdraw funds when logged in to the secure Vantage FX client portal.

How long does it take to withdraw money from an account at Vantage?

With the Standard STP account type, you will find a variable spread from 1.4 pips but you don’t need to worry about any commission. An essential facet of my Vantage review is based on assessing the choice of retail and pro trader tools and informational support at your fingertips. You can also find manuals on how to use the MT4 trading platform for the first time. If you’re looking to learn from the best and engage with like-minded people, Vantage’s social trading platform may also be an option. Its V-Social app, powered by Pelican, makes it possible to chat and trade within the same interface. If you’re considered a ‘Professional Client’, it’s also possible to open a PRO ECN account with Vantage FX.

Vantage FX also offers an Islamic Account for Muslim traders to utilize so they can enjoy a swap-free account. This account was specifically designed for those forex traders who cannot pay or receive swaps due to religious beliefs. It offers the same eight base currencies and does not offer $2.00 AUD per lot rebates. Additionally, Vantage FX prides itself on using top-tier liquidity providers so clients have access to deep institutional liquidity pools. Vantage FX makes transparency a priority, particularly given that the forex industry is frequently cloudy.

Payment from joint bank accounts or credit cards is accepted if the trading account holder is one of the beneficiaries. The Raw ECN account features the second-best conditions, and its extremely low deposit requirement makes it easily accessible to a wide variety of traders. I found this account type suitable for all kinds of trading strategies. Vantage offers a variety of payment methods, including via bank wire, credit or debit card, multiple e-wallets, and crypto-wallets.

With an active Vantage account, your interface should look like the image above. You will be able to see all the menu options on the left-hand side of the screen and your MetaTrader5 details in the center of your screen. To access the MetaTrader5 interface, simply select the orange “launch” function at the end of your MetaTrader5 section.

  1. We took a look at the accounts VantageFX has to offer and like the fact they have a range of accounts for different trading styles.
  2. Furthemore, you can set the GMT of your trading charts to your local time, or to the opening hours of your favourite instrument.
  3. There is also an entire basket of supporting tools that comes in with ProTrader.
  4. Currently, the National Australia Bank acts as its custodian bank and it is regulated by the Cayman Island Monetary Authority (CIMA).

The economic calendar from Vantage FX lets you view upcoming events that will impact the market, including their location, the currency affected, and the predicted impact. This Smart Trader Tools Package is free for anyone who meets the minimum deposit of $1,000. The program is transparent, showing your earned rebates that you can then withdraw or trade whenever you want. To take advantage of the rebate program, you should deposit a minimum of $1,000, which will let you earn as much as 10 percent of the deposit back via rebates. To receive the cash bonus, you just need to meet the minimum monthly trade volume, which depends on your account balance and whether you have a RAW ECN or Standard STP account. Residents of China should note that this interest promotion is not offered in that region.

The Trading Central Adaptive Candlesticks indicator can detect real time reversal and continuation candlestick patterns. This lets you edit the market watch window in MT4 so that you can customise it to your preferences. You can change symbol names, create groups, view graphic market overviews for each symbol and trade directly from the market manager. Again, there can be no saying how good or bad these signals will perform. In my opinion, it is better to learn how to trade yourself but if you do not have the time to do so, then this could be a possible solution. We use dedicated people and clever technology to safeguard our platform.

As such, the company upholds the highest standards for compliance and regulation from ASIC. They offer 40+ Currencies, Indices like Dax, SP500, commodities, precious metals, energies, and CFD cryptocurrencies. Vantage FX offers 9 base currencies; EUR, AUD, SGD, CAD, GBP, NZD, HKD, JPY. You will have to pay conversion fees if you fund with any other currencies except those. A multi-currency bank account at a digital bank is a good idea in this case. Paying a little bit of exchange rate you can easily fund or withdraw from your account.

We were also happy to see that trading commodities were easily accessible with Vantage. There are options to trade products such as cotton, cocoa, sugar, orange juice, wheat, and even soybeans. Charts By TradingView offers what we believe are some of the best charting options for retail traders. Access to the demo account is completely free and available for 30 days. This is a good amount of time to get a hang of both Vantage and your chosen trading platform.

Webinars are regularly led by experienced market strategists and professional traders. Apart from a demo account, traders may also open joint accounts, company trading accounts and trust trading accounts, either as individuals or as a partnership. Vantage FX offers Islamic accounts and Professional accounts, with increased leverage, but less regulatory protection. They also have immediate access to 13 swap-free global indices and are not charged daily swaps when trading with currency pairs.

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