If you’re a rank beginner, you’ll probably find some of the articles useful for learning the terminology and basic concepts. There’s an easy-to-use economic calendar, which is very useful for staying up to date with announcements that could move the markets. In general, the customer service team seemed patient with the rather advanced questions we threw at them. If they didn’t know an answer off-hand, they would take a moment and then send us a bunch of information that would likely help us with our inquiries. These are via live chat on the website, via email, via phone, and by connecting with the company’s Telegram chatbot.
Our Overall Verdict On VantageFX
If you have multiple accounts, you can switch between them in seconds with MT5. As you can see, MT5 has a very clean and intuitive interface, which is great for keeping trading stress levels to a minimum. These allow you to either copy another person’s trades or publish your trades and allow others to ride along with you. 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.
Withdrawal Methods
I can deposit using bank wire transfers, credit/debit cards and e-wallets such as Skrill, Neteller and AstroPay. As you can see from my comparison table below, Vantage stands up well against top competitors when it comes to available payment methods. As you can see from my comparison table below, Vantage stands up well against two of the most tightly regulated brokers in the industry, Pepperstone and AvaTrade. Clients can withdraw funds online by logging into the secure Vantage FX client portal and selecting the withdraw tab from the menu. All withdrawal requests are processed via the payment method that was used to make a deposit.
Index CFDs
The MetaTrader platforms come with some of the most comprehensive libraries of technical indicators and drawing tools. Importantly, as you can see from my comparison of other brokers below, Vantage also holds its own in terms of access to the best trading platforms. I limefx forex broker also like that all accounts are compatible with the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as the broker’s full range of assets. This ensures that beginners won’t miss out on the opportunity to trade on the same platforms as experienced traders.
- With Vantage, there are a number of educational resources, mainly aimed at beginner traders who are new to forex and CFD trading.
- When all of that was complete, we were ready to deposit funds into the account.
- Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
As a result, all money withdrawn from your account must go to a bank account in the same name as your Vantage FX trading account. One of Vantage FX’s VPS partners is ForexVPS, which allows users to simply log in to their servers through any stable desktop or mobile device. The broker offers access to ForexVPS free of charge for clients that have a minimum balance of $1000. With a Vantage FX MT4 or MT5 trading account, traders can seamlessly open short-term or long-term position trades in physical gold and silver. Also, they can trade in both long and short directions and can hedge their physical positions whenever they see the market turning.
Deposit fees
This way, the risk of fraudulent behavior by the brokerage is kept at a minimum. The broker provides traders with MT4 and MT5 demo account, which traders can use to practice their trading strategies on over 180 financial instruments without risking real money. Multi-asset broker Vantage Markets https://limefx.club/ has introduced multiple copy modes in the Vantage App, offering traders greater flexibility to diversify their copy trades and refine their trading strategies. This exciting update reaffirms Vantage’s dedication to delivering innovative tools that empower traders of all experience levels.
In terms of funding methods, we found a number of options, but some are better than others. The Vantage website also allowed us to choose our account type, either the Standard STP or Raw ECN options. Opening a Vantage demo account was quick and painless, we were able to get things setup in only a minute or two. If you have traded with Vantage we would really like to know about your experience – please submit your own review. After rigorously exploring Vantage’s platform, I found the research tools to be fairly comprehensive. I also appreciate that strategy providers are more rigorously vetted, with certain performance requirements needing to be met before their positions can be mirrored.
When all of that was complete, we were ready to deposit funds into the account. 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. Up next, we had to share some basic details regarding our trading history and experience. You can elect for an electronic funds transfer from an Australian Bank, or a BPay transfer, which will be fee-free but take a couple of days. Probably a better method would be to use a PayID transfer which should be close to an instant deposit. If you’re from Australia, you’re spoiled for choice, with a number of impressive deposit methods.
Some exciting features you will enjoy from this platform include three real-time chart types with nine timeframes, good drawing tools, various technical indicators, and more. This is unlike most financial firms that would charge a certain sum on trading accounts after a prolonged period of inactivity. Vantage FX offers swap-free trading on both the Standard STP and Raw ECN accounts. Both Swap-Free Standard STP and Swap-Free RAW ECN accounts are designed for traders who are unable to receive or pay swaps due to religious beliefs. While this account type does not incur any swaps or interest charges on overnight positions, the account holder is charged an administration fee on trading positions. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.
Vantage does not offer a comprehensive range of educational resources for traders, putting it at a disadvantage against brokers that make education a priority, such as CMC Markets or City Index. 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.
Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. 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. Opening an account with Vantage was a relatively painless and streamlined process, allowing us to be set up in about 5 minutes.
Experienced copy traders who deposit $2,000 can copy up to 12 strategies in the DupliTrade platform. Whilst you clearly won’t get the same experience as the desktop platform, you will get an abundance of real-time data and forex market research straight from the palm of your hand. For an alternative trading experience, I think the ProTrader is a compelling option. It features a modernized interface with an impressive suite of technical tools.
In the case of trading, a swap fee (sometimes called an overnight charge or rolling fee) is considered a form of riba and is therefore not permitted. For this reason, a Swap Free Islamic Accounts is available provided you can prove your eligibility. In case you are wondering how these commissions compare to other brokers, Ross Collins did an extensive comparison. We think you will agree that commissions with VantageFX are very good when you see our Commission Fees results. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.
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