Vantage Review 2024 Key Features, Pros, and Cons

It also earned the same honor from both the Global 100 and the Fintech Awards in 2017. Impressively, Vantage FX does not charge inactivity fees, which are common among competitors. This is a very strong point in favor of Vantage FX, especially for those who are new to trading and may trade inconsistently.

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. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research.

What are the Vantage Pros and Cons?

• Similarly, ZuluTrade integrates into your Vantage trading account and gives you instant access to a network of over 10,000 professional day traders.
• Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk.
• For transparency, you can view the full list of available forex pairs and their minimum spreads on the Forex page of the Products section.
• For traders interested in precision charting, or that don’t like the MetaTrader suite, I would opt for ProTrader.
• This uses an external server to manage trading connectivity meaning your account is running without the downtime caused by computer problems.

With Vantage FX, you will enjoy the benefit of super-fast trade execution and interbank grade RAW ECN spreads with no dealing desk intervention. 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. 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.

Vantage Group of companies is authorized and regulated in various jurisdictions. Note that Vantage FX does not offer its services to residents of specific areas such as North Korea, Japan, the United States, and other regions. The Forex Market Overview features four sub-categories with a total of 17 articles.

In addition to the MetaTrader 4 and MetaTrader 5 platforms, which have basically become industry standard by now, Vantage also gives you access to a proprietary Vantage  App and a WebTrader app. It should also be noted that both the MetaTrader 4 and MetaTrader 5 platforms come with mobile versions of the desktop app, which allows you to monitor your trading account and to execute trades on the go. Additionally, social trading features are available through ZuluTrade and Myfxbook, which can be integrated with your Vantage account. Vantage FX is an online financial services provider that is based on the core values of accountability, transparency, reliability, integrity, and trust.

• Vantage is renowned for its competitive and transparent fee structure, catering to a broad spectrum of traders.
• Additionally, should you wish to copy or social trade, you can engage with some of the best third-party platforms around using ZuluTrade, DupliTrade, and Myfxbook that can all be linked to your Vantage account.
• In total you will find 51 charting indicators to choose from as well as 31 drawing tools, the ability to set price alerts, and order in one click directly from charts.
• 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.

In which countries is Vantage not offered?

Their clients are offered over 300 CFD products, including FX pairs, precious metals, commodities, indices, futures, and share CFDs. The broker aims to provide retail and professional clients with unrivaled trading conditions. At Vantage, non-trading fees are kept to a minimum to ensure that traders can manage their investments more efficiently without undue financial burden. The broker does not charge any fees for deposits, making it easier for traders to fund their accounts as needed. Most withdrawal methods are also free, though some options might incur a minimal charge depending on the payment service provider or the specific terms of the transaction. Additionally, Vantage applies an inactivity fee to accounts that have remained dormant for an extended period, which is a common practice in the industry to encourage active trading or account closure.

Vantage is also a member of the Hong Kong-based Financial Commission and has a $1,000,000 per client insurance policy. Overall, I rank Pepperstone and Vantage as equally secure and trustworthy. The commission-based alternatives at Pepperstone and Vantage feature raw spread trading for a $6.00 commission per 1.0 round lot, but the Vantage Pro account lowers them to $3.00.

Deposit

With desktop platforms at Vantage you will have access to both MT4 and MT5. These are two of the most highly respected and powerful, yet easy to run and use platforms in the sector. In fact, they offer use of the VPS service for free if your account has equity of at least $1,000. Again, indices are traded as CFDs and a total of 10 are available from all around the world.

Compare Vantage with other approved brokers

You should feel confident that your funds are safe when opening an account with Vantage FX. The broker is multi-regulated, primarily by CIMA, with additional regulation by the FCA and ASIC in the relevant jurisdictions. The broker also takes various security measures, such as guaranteeing absolute transparency and maintaining segregated client funds.

There are scores more people who appreciate the services of the broker (and we know that content clients are much less likely to leave any kind of feedback) than complainers. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. We always recommend that users approach forex trading with a sensible risk management strategy. You can use these apps to execute trades, view news and charts and create custom watchlists.

Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. The multi-jurisdictional regulation of Vantage allows traders from different regions to choose the regulatory body that best aligns with their preferences and requirements.

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. 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.

This takes the form of 6 available cryptos that can be traded against the US Dollar as CFDs. The cryptos available here are Bitcoin, Bitcoin Cash, Dash, Ethereum, Litecoin, and Ripple. You will be pleased to note that Vantage does not charge any inactivity fee. Typically, most of the deposit methods are instant with the exception of a wire transfer, though they may take up to 5 business days to complete in some cases. Other methods which may be available are Bpay and POLi (in Australia only), broker to broker, Google Pay, Apple Pay and Fasapay.

This multi-regulatory approach enhances Vantage’s credibility and provides an added layer of protection for traders by ensuring compliance with international financial regulations. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Pepperstone and Vantage are industry-leading brokers, and I recommend traders test the trading environments in their respective demo accounts. In addition to Vantage’s spreads and commissions, traders must be familiar with the broker’s overnight funding costs. They are also known as swap rates or the rollover interest rate for keeping positions active overnight.

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. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Both brokers have an excellent track record spanning 15+ years, segregate client deposits from corporate funds, and offer negative balance protection.

Something important to also factor in is the high minimum deposit particularly for a Pro ECN Worldtradex forex brokers reviews account at $20,000. This can limit availability to a wide number of traders so we would suggest that if you are a high volume trader looking for the lowest spreads then Vantage is a great choice. BlackBull Markets is a reliable and well-respected trading platform that provides its customers with high-quality access to a wide range of asset groups. The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following. The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners. Following the link to the WebTrader platform takes you to a version of the ever-popular MetaTrader MT4 platform, which can be accessed from anywhere with an internet connection.

Vantage FX provides the most widely used retail forex and CFD trading platforms- MetaTrader 4 & 5. If you prefer the MetaTrader 4, you can download the platform from the website and start trading immediately. But, if you are keen on the MT5, download the platform and request the broker for a USER ID/PW to access the trading terminal. 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.