However, your https://worldtradex.bid/ payment provider may charge a fee, in which case you will be responsible for that fee. Here, you may incur small charges depending on your payment method. Moreover, withdrawals in the UK usually cost £5, although there is a free option too. Raw ECN Accounts pay commissions of $3.00 per lot per side to compensate for the lower spreads.

• Our Vantage FX team was also happy to find that negative balance protection is offered free of charge.
• Our Vantage FX broker review team appreciates that not only does the broker offer Islamic accounts, but that it displays the certificates of Sharia compliance on its website.
• The Vantage FX application works with both iOS and Android devices and lets you easily trade on the go without missing any main features.
• There are versions available for both Android and iOS, and it provides access to full trading functionality.
• When checking several broker-rating-websites a lot of complaints come because withdrawals were denied, rumors about vantage being/going to be bankrupt, closure of profitable accounts.

MetaTrader 4 for Vantage FX supports Expert Advisors, which can help with automated trading and receiving suggestions from experts. Those who use this automated trading will appreciate the 99.99% uptime for added stability. The platform also supports trading signals, with access to over 3,200 of them.

Vantage offers its own proprietary trading app, alongside the standard MetaTrader and TradingView suite of mobile apps. Vantage has built a decent foundation for a new mobile trading application with its Vantage App. However, I am not a fan of the ads and, and it is still a long way off from competing with the best mobile apps in the industry.

Pro ECN Accounts have commissions of $2.00 per lot per side; the commission is lower than Raw ECN accounts due to higher trade volumes and minimum deposits. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. Vantage offers an expansive range of commodities, including hard and soft assets.

They offer the most competitive spread in the market through their RAW ECN and Pro ECN Account that starts at 0.0 pips. For a standard STP account, they charge 1.4 pips which is also a moderate charge. The Vantage FX MT4 platform is available in an exceptionally large range of languages.

Review of the Vantage FX Trading Platforms and Tools :

It allows you to practice trading all available instruments, and to test your strategies. Opening an account with Vantage FX is a quick and easy process that you can complete in a matter of minutes. There are account types that will appeal to all types of traders, from beginners to experts, and the minimum deposit is highly accessible at just $200 (£2,000 for UK clients).

Non-trading fees

These measures collectively work to prevent unauthorized access and protect personal and financial data from cyber threats. Vantage FX offers you trading with 40+ currency pairs and a wide range of tradable assets around 180 markets worldwide. Their trading costs are low and the offering of leverage is the highest in the market. Vantage FX is followed up regularly by different audit and transparency authorities. ECN brokers pass your orders to a pool of liquidity providers who compete for the best bid/ask spreads.

• A market maker, on the other hand, does not match your trade and takes the opposing position, which does not generally align with traders’ interests.
• Vantage FX platforms are open for trading 24/7, so weekend access is available.
• Swap-free trading accounts are available for either Standard STP or RAW ECN accounts, allowing Islamic clients to trade in confidence.
• You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Vantage FX research tools

To safeguard client assets and information, Vantage employs a range of advanced security measures. One of the cornerstones of its safety protocols is the use of segregated accounts. 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.

Vantage fx is a Non-Dealing-Desk broker that connects you to an inter-banking system. Though they claim their deposit system to be completely free of cost, we observed some exceptions while testing the payment methods. Like, transferring money from Neteller or Skrill may cost a little from their fee policies.

“Reliable, fast and fairly priced”

You can also utilize the social trading platforms ZuluTrade and Myfxbook, which are perfect for beginners. The inclusion of MetaTrader platforms helps the broker appeal to a wider audience, as it’s software that most traders are familiar with. Vantage FX provides the most widely used retail forex and CFD trading platforms- MetaTrader 4 & 5.

The platform supports multiple copy trading services, including Vantage’s proprietary social trading app, where clients can seamlessly mirror the trades of experienced individuals. Vantage’s copy trading system is designed to be transparent and intuitive, giving users full control over their risk management while benefiting from the success of their chosen traders. Whether on desktop or mobile, this feature provides a great way for traders to enhance their strategies and skills by leveraging the knowledge of experts. Vantage provides a demo account that allows both new and experienced traders to practice trading in a risk-free environment. This account gives users access to virtual funds, letting them hone their trading skills without any financial risk. Available on both MetaTrader 4 and MetaTrader 5 platforms, the demo account is an excellent tool for familiarizing oneself with the brokers services and testing out different strategies.

They are regulated by Top tier ASIC in Australia and FCA in the UK. I’ve only started with Vantage recently and found they support new traders very well. From an onboarding journey to educational materials that help me get started quickly and understand the world of trading. As a regulated brokerage, Vantage FX is subject to strict standards set by the FCA. It keeps client funds segregated with the National Westminster Bank. The broker also has a robust privacy policy and abides by AML and CTF policies.

WebTrader gives you access to 30 indicators, nine timeframes, and 24 technical analysis tools. It is compatible with more than five browsers, including Opera, Safari, Edge, Firefox, and Chrome. Given that Vantage FX has been in business since 2009, the broker has withstood a range of economic conditions, indicating that it is long-lasting and financially responsible. The broker is based on the Cayman Islands, which is a common location for forex brokers, providing additional peace of mind. Vantage can be suitable for beginners due to its intuitive trading platforms, access to educational materials, and efficient customer support. Vantage provides comprehensive customer support to address traders’ needs effectively.

MetaTrader 5

Their Account management is moderated through MAM/PAMM service accounts. That creates the chance for the fund managers to generate more profit for their clients. Another Exclusive feature of their trading condition is, they offer trading on famous Cryptocurrencies through CFDs. With the help of their social trading, you may sharpen up your CFD trading skills by following successful traders. This comprehensive approach allows us to recommend the best brokers for different experience levels, trading styles and budgets. A great solution for crypto investors, clients can open an STP/ECN account with Bitcoin or Ethereum as the base currency.

This allows you to choose whether you prefer competitive spreads and no commission fee or extra-tight or even zero spreads and commissions. When it comes to the client helpdesk, Vantage FX provides 24/5 assistance via live chat, phone, and email. Here are some of the support options to get in touch with the ASIC regulated forex broker.

Vantage FX provides all its clients the choice of the MT4 and MT5 platforms across all devices. The best in class platforms support all order types, right from Worldtradex review the instant, market orders to the pending, trailing orders. 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.

Below you will find a snapshot of the fees charged by Vantage FX. Our experts have created these tables based on the fees applied to a standard account. We consider a standard account to be the one that will appeal to most traders, often not the cheapest option but not a premium option either. They include spreads, commissions, overnight and rollover fees, and currency conversion fees.