The broker also offers other free features including an economic calendar. For further trading ideas, news of promos or tutorials, Vantage FX has a social media presence across YouTube, LinkedIn, Twitter and Facebook. Vantage FX is an online broker that specialises in forex and offers over 300+ instruments across three STP and ECN accounts.
For those who are looking to learn as they go, Vantage offers a dedicated Academy packed with market analysis articles, trading guides, platform tutorials and webinars. Experienced traders will also appreciate the free forex VPS, as well as various advanced plugins for the MetaTrader and ProTrader platforms. I’m particularly impressed by the quality of research tools in the app.
I’ve been particularly impressed with the wide range of up to 10 base currencies in the Standard and RAW accounts and the accessible $50 minimum deposit. This makes Vantage a good option for global traders and those with less starting capital. The Standard STP account is my pick for beginners – commission-free trading is available with floating spreads from 1.0 pip. Yes, Vantage supports auto-trading and is compatible with various trading platforms and tools, including MetaTrader 4 and MetaTrader 5, which facilitate automated trading strategies.
This ensures flexibility and choice for traders of all experience levels. As you review Vantage FX’s fees and spreads, you will notice that the forex broker is highly competitive when it comes to both trading and non-trading fees. There are no deposit, withdrawal, or inactivity fees depending on which arm of the broker you trade with, the latter of which sets it apart from the competition. The fee structure varies based on account types, with Vantage FX offering accounts that appeal to beginners as well as advanced traders.
Vantage FX offers demo trading, allowing investors to practice their trading skills without risking real money. Choosing the right broker can make all the difference between a smooth sailing experience and navigating treacherous waters when trading in a foreign market. With so many options available, finding a broker that aligns with your trading needs and goals is crucial.
Vantage, as well as many other broking firms, could improve in this regard, especially with providing education and tools for the experienced trader. The company offers 24/7 customer support, but we found that different hours of the day offered different quality levels of customer service. 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. Just a couple minutes after we’d started the process, we were picking our desired currency to keep our account in, and the specific account type we wanted to open. You can elect for a wire transfer, which will incur $0 fees from Vantage, but may have fees charged by the bank that you’re sending funds from. 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 trading experience via the MetaTrader 4 and MetaTrader 5 platforms is very much what you have come to expect. The MetaTrader 5 platform in particular has really been streamlined with this latest update. The WebTrader platform and the proprietary mobile app are both similarly easy to use, and beginner traders shouldn’t have an issue getting used to them. 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.
Personally, my easy choice would be to combine TradingView charting with MT4 for order entry. Moving over to Vantage branded options, we had the pleasure of viewing Vantage ProTrader. This is a web-browser-based charting solution that is essentially a branded version of TradingView. Our broker reviews are reader supported and we may receive payment when you click on limefx a partner site.
This review covers the broker’s UK regulation, spreads, leverage and the MT4 and MT5 trading platforms. Those interested in social trading will want to review the Vantage FX forex broker’s compatibility with ZuluTrade. This social trading platform lets you view professional traders and choose who to follow, copying their trades to reduce the effort you need to put in. 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.
When all of that was complete, we were ready to deposit funds into the account. A last step in the account opening process required that we upload a picture of our driver’s license, as well as a proof of address document. Up next, we had to share some basic details regarding our trading history and experience. Opening an account with Vantage was a relatively painless and streamlined process, limefx scam allowing us to be set up in about 5 minutes.
Since its inception in 2009 Vantage has been in the business of providing institutional trading conditions to retail clients around the world in a transparent true ECN/STP environment. Vantage offers access to more than a hundred trading instruments on various asset classes such as stocks, indices, energies, cryptocurrencies, commodities, and ETFs. It provides a trusted trading ecosystem that enables clients to achieve their own success, in a faster and simpler manner.