Be careful if using a credit card, as the deposit may be labeled as a cash advance and come with added fees or interest charges. 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. At Vantage, we hold ourselves to the highest regulatory and security standards so you can trade through us with absolute peace of mind. Finally, the broker has bagged several https://limefx.club/ industry awards from CV Magazine, Fintech Awards, The Forex Awards, IB Times Trading Awards, and more. Some of the awards include Financial Trading Services Provider of the Year, Financial Trading Services Provider of the Year, Best ECN Broker, Best Customer Support, and Best Forex Education Asia Pacific. Forex Swap rates are affected by market conditions and the interest rate of the affiliated countries of the chosen Forex currency pair.

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. Next, we had to share details of our employment status and financial position. Vantage is required to do this due to regulatory KYC (Know Your Client) processes. Then we had to provide details about our address and whether we’re a US resident for tax purposes. At the next step, we had to provide some more of our personal details, such as date of birth and identification document details.

1. Vantage offers several funding methods, including bank transfer, credit/debit cards, and e-wallets such as Neteller and Skrill.
2. The referring client will receive a bonus once the referred friend opens a live trading account and meets the minimum deposit requirements.
3. At Vantage, we fully understand the importance of keeping FX trading costs to a minimum so you can maximize your total Forex trading profit.
4. This influences which products we write about and where and how the product appears on a page.
5. This section includes advanced trading tools, such as a customizable trade terminal, a variety of order types, and access to detailed market-depth information.

Please read our legal documents and ensure you fully understand the risks before you make any trading decisions. Forex markets are always traded as currency pairs where a forex trader will always buy or sell one currency in terms of another. An example of one such trade would be a EUR/USD buy trade, meaning buying EUR and selling USD. Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs.

Desktop Trading Platforms

The Vantage website also allowed us to choose our account type, either the Standard STP or Raw ECN options. Clicking through, we were asked for our name and phone number and then asked to select a bunch of options for customizing our account. The Vantage Group of companies is regulated by financial bodies in a number of jurisdictions across the globe. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site.

Trade Share CFDs

As money management and discipline in executing your trading strategy is key, Vantage has structured our website to contain a plethora of content under both the News and Education menu tabs. Vantage’s research is sourced primarily from third-party content providers such as Trading Central, and it lacks substantial in-house content. Considering the quality and depth of research that is made available by the best forex brokers such as IG, Saxo, and CMC Markets, there remains considerable room for Vantage to improve in this category.

This section includes daily market updates, technical analysis reports, and fundamental news covering major currency pairs, commodities, and indices. By staying informed about market-moving events and trends, Vantage clients can make better-informed trading decisions and capitalize on potential opportunities. Clients can browse the platform’s extensive database of traders, analyze their performance, and choose to follow and copy their trades automatically. We have discussed MetaTrader throughout many of our reviews, but we will detail a few key features as we include all aspects of this broker’s trading platforms. Vantage offers the widely popular MetaTrader 4 (MT4) trading platform, providing clients with a user-friendly interface, advanced charting capabilities, and a vast range of technical indicators.

Choose Forex leverage up 500:1 for Professional Clients or 30:1 for Retail

The minimum deposit amount depends on your selected account type, but it ranges from 50 USD for the Standard account to 10,000 USD for the Pro account. The Vantage Social Trading mobile app allows clients to follow and copy the trades of experienced traders within the Vantage community. Vantage enhances its offerings with the inclusion of MetaTrader 5 (MT5), an advanced version of its predecessor. MT5 retains the core functionalities of Vantage’s MT4 platform while incorporating additional timeframes, more advanced charting tools, and an integrated economic calendar. Furthermore, the platform’s MQL5 programming language allows for more sophisticated EAs and custom indicators. Vantage’s MT5 is available on various devices, including desktop, mobile, and tablet.

WHO IS VANTAGE

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/USD pair might be a bit high. In the case of VantageFX, they only provide the average for their commissions-based account (specifically their RAW ECN account) so we are able to compare this type of account. Vantage FX has designed a state of the art fibre optic network connecting our global servers that automated traders can benefit from.

Vantage’s Raw (ECN) account is tailored for experienced traders who prefer tighter spreads and are comfortable with paying a commission per trade. This account type provides access to a comprehensive range of assets, including 49 currency pairs, 25 indices, 51 ETFs, 22 commodities, and over 800 share CFDs. The Raw (ECN) account is available on both MetaTrader 4 and MetaTrader 5 platforms, allowing traders to take advantage of the advanced features and tools offered by these platforms. Vantage is a reliable and reputable Forex broker that provides its clients with a range of trading products and services. The broker offers three account types – Standard (STP), Raw (ECN), and Pro (ECN), each with different minimum deposit requirements, spreads, commissions, leverage, and trading instruments. This allows clients to choose the account that best suits their trading needs and preferences.

The account is only available to residents of South Africa, and the minimum deposit is $50 USD. If you’re an active trader or professional trader, trading more than a few times per week, and you can afford the minimum deposit, you’ll almost definitely want to use the raw ECN account. VantageFX is a non-dealing desk broker, using liquidity from liquidity providers such as tier-1 investment banks and prime brokers to offer straight-through limefx broker reviews processing (STP) pricing for their clients. VantageFX uses a no-dealing desk trading model meaning they connect you with liquidity providers such as investment banks rather than act as your counterparty (which occurs in a market maker model). This type of model means they are using straight-through order processing (STP) or possibly Electronic Communication Networks (ECN) since this is the name of some of their trading account.

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