Beginners Guide to Vantage FX Review 2023 Is it Safe? Pros & Cons

For Vantage FX, the security of customer finances is veritably important and thus there’s also fresh protection by liability insurance in the quantum of 20 million USD. This is a legit trading platform built especially for those who seek a secured and faster trading platform to deal with forex. However, this review is for informational purposes only and should not be considered as financial advice or investment recommendation.

The website has been translated into German, Chinese, Indonesian, and more. Still, you can only expect some supported languages from an Australian broker. From our experience, support for Vantage Markets is lightning fast. The demo account is the best way to practice trading and improve investment results.

It has a straightforward interface, considered easy-to-use for both novice and experienced traders alike. It is also widely recognised for its fast execution speeds, range of charting tools, algorithmic trading, and customisability. Overall, Vantage FX offers less trading account currencies than most other large international brokers, but it offers accounts denominated in GBP. This is because when trading a USD quoted currency pair with a GBP account, there will be a small conversion fee for every trade made.

This is a great plus, as at some brokers there is a time limit, such as 30 days. Dear Keith, Thank you for taking the time to leave us with your feedback. We would be happy to investigate this matter further for you, however we were not able to locate your specific case based off of this information. We invite you to contact us directly via phone, live chat or email at

Vantage FX is Now Vantage

The fact that you can also choose between ECN and STP trading accounts is
also a useful feature of this broker. One of the unique features of the Vantage FX site has to be the Forex Academy. Here you will find a wealth of information for both new and
experienced traders with a News Terminal, Expert Advisors, MT4 Smart Trader tools and signals and an economic calendar. Unlike many Forex brokers, Vantage FX offer a selection of bonuses. For those that deposit between $1,000 and $200,000, A 15% credit
bonus will be added to your account. A standard lot is the default of both the Standard and RAW ECN accounts and is set at
100,000 units of currency.

We are sorry to hear that you have had a less than satisfactory experience with our support. We are pleased to inform you that we are available for contact at all times during the week via phone, live chat or email at Yes, it is common for Forex brokers to provide all clients with access to a demo platform for them to try the platform and
exercise some trading strategies and techniques. Whether you are looking for FX trading that is suitable for a beginner or you have more experience and are looking to invest more,
Vantage FX makes a good all-round choice. With 40 currency pairs to choose from and low spreads, the site is easy to navigate, and it
is not hard to find answers to the questions you might have. The site layout makes it easy to find what you are looking for either on
mobile or desktop and placing trades is straightforward.

How to Open Vantage FX Account in UK?

PRO ECN Accounts limit base currencies to AUD, CAD, EUR, GBP, and EUR. Opening a Vantage FX account is specifically designed to be incredibly simple. Begin by filling out the online application and then fund the account using your choice of ten different funding methods. Vantage FX is regulated by ASIC (Australian Securities and Investment Commission) as a leading forex broker based out of Australia. As such, the company upholds the highest standards for compliance and regulation from ASIC. Vantage FX is a leader among Australian Forex brokers and gives traders the ability to access the Forex markets, Cryptocurrencies, Indices, Commodities and Shares CFDs.

The minimum deposit on Vantage FX depends on the account type you have. While the Standard STP Account requires a minimum deposit of £200, the Raw ECN and Professional ECN Accounts require a minimum deposit of £500. Commission fees can be up to £6 for a round turn on some instruments. Note that only the Vantage Standard and Professional Accounts pay commission fees. The Standard Account does not pay any commission fees for placing trades.

Is Vantage FX safe?

Vantage has three account types that include both ECN and STP platforms. Traders from beginner to advanced levels have access to one of the most transparent trading environments in the industry. In the MyFXBook trading platform, there are more than 90,000 profitable forex trading systems to copy trades from. Vantage clients can access a vast pool of professional traders and profitable trading systems through the ZuluTrade.

After you submit your withdrawal request, it usually takes one business day to be processed internally. Step 1) Log in to your Vantage Client Portal with your email and the password via secure.vantagemarkets.co.uk/login. Step 6) Upload your Identity and Address verification document to verify your account. You will receive a message saying your account application is being processed. Step 4) Answer the questions about your employment and financial status, and your knowledge/experience with trading financial assets, then click on ‘NEXT’. Step 3) On the dashboard, you will be required to provide further information to complete your account registration.

• For those that deposit between $1,000 and $200,000, A 15% credit
  bonus will be added to your account.
• Please note that CFDs are leverage-based instruments and do not provide ownership of the underlying assets.
• Furthermore, Vantage has a live chat option where traders can ask any trading and company-related questions.
• Overall, it is important for individuals to conduct their own research and due diligence before deciding to use Vantage or any other broker.
• However, investing and trading in forex and CFDs products includes risks that a trader cannot ignore.

Vantage is a multi-assets trading platform headquartered in Sydney, Australia. Vantage FX also offers regular webinars – run thrice weekly – a real advantage for beginners trying to find their footing in the Forex trading space. Vantage Fx’s sentiment page displays the overall long and short positions of the Vantage FX book.

Most global central banks may be either close to a peak or already done with interest-rate hiking, auguring a hiatus before possible monetary loosening comes into view. Is Vantage legit features all the key aspects you need to look at to see if a broker is safe and legit. Feel free to give Vantage a try, as you will have an account within a day and there is no inactivity fee. As a negative, the brokerage is not listed on a stock exchange, it does not disclose financial information and it is difficult to ascertain its ownership background. In an added feature compared to MT4, the MT5 platform of Vantage allows hedging with 21 time frames.

Note that you can only make deposits, place trades, and initiate withdrawals after your account application is approved. Fees on Vantage FX depend on the account type, the instrument traded, and your trade size. Here is an overview of the trading and non-trading fees on Vantage FX. With Raw ECN Account, pay commission fees when you enter or exit trade positions starting from £1 per side lot and can be up to £6 per round-turn of trade. Spreads start from 0.0 pips for major pairs like EURUSD, and you also pay swap fees for keeping a position open overnight.

Based on the performance of the traders you follow, your trading account will be a mirror of the performance of the profitable traders through the ZuluTrade platform. All trading activities will be copied through your Vantage MT4 trading account. There are no inactivity fees either, which is bound to please traders. You won’t be charged for actioning credit and debit card withdrawals either, or for withdrawing funds to an eWallet. All clients are also permitted to make one free international bank withdrawal per month too. Also known as MetaTrader 4, MT4 is the most popular online trading platform in the world, thanks to its incredible capabilities.

• Affiliate partners earn commissions on referrals and also receive exclusive access for highly personalized and targeted marketing products.
• If you choose to skip opening a demo account, trading platform tutorials are also available here.
• We compare brokers by calculating all the fees of a typical trade for selected products.
• This app is built to make trading both easy and straightforward, ensuring traders have quick and secure access to their Vantage FX
  account.
• If you decide to open a standard STP account, the minimum deposit required is £200.

After this amount, you can select another withdrawal method from the same options as deposits. The unlimited demo account also includes on-demand access to price data from Vantage FX. All withdrawal requests at Vantage FX brokers are processed Monday to Friday between 9 a.m to 5 p.m.

After users open an account and after the completion of the registration process, a minimal amount of $200 is required to be deposited to get started. Always check with your bank if you need to pay any international bank transfer fees even though there are no deposit fees. Withdrawals are usually processed within 24 hours, depending on the payment method but can take up to 5 business days if you use a bank transfer option. The owner(s) of this website may be compensated to provide opinions on products, services, websites and various other topics. Even though the owner(s) of this website receives compensation for our posts or advertisements, we always give our honest opinions, findings, beliefs, or experiences on those topics or products.

As such, we warmly invite you to contact us directly via phone, live chat or email at Vantage FX utilises the well-known MetaTrader range of mobile apps for all its trades, and both MT4 and MT5 are compatible with their
deals. This app is built to make trading both easy and straightforward, ensuring traders have quick and secure access to their Vantage FX
account. Prices can be viewed in real-time, and the MetaTrader platform allows you to carry out all the basic functions of your trades
quickly.

We tested the debit card withdrawal and it took 1 business day. Vantage accepts customers from all over the world with some notable exceptions, like the US. As you can see above, this trade window also affords you the opportunity to set your stop-loss order. We strongly recommend that every trader https://traderoom.info/ implements a stop-loss order to prevent their losses from exceeding an amount they are comfortable with. After you launch MetaTrader5 you will be prompted to enter your MetaTrader5 log-in details. Please note that these details will be supplied to you by Vantage once your account is activated.

Vantage FX’s MT4 app allows traders to work from anywhere, with nine timeframes and 30 indicators. Our Vantage FX review uncovered transparent pricing, low fees and a good range of helpful tools to help guide and inform your trading decisions. Although aimed primarily at the experienced trader, there’s plenty of help and advice on hand to support beginners too. Thanks to unlimited demo trades on the practice account, it’s possible to learn as you trade, helping to minimize the potential financial risks. For those traders who prefer to access the markets on the go, our Vantage FX review pinpoints the Vantage App as the perfect solution.

The Professional ECN account is for those with more substantial trading requirements who wish to trade in higher volumes. A minimum
deposit of $20,000 is needed to open a Pro ECN, and you will enjoy spreads of 0 pips with a $2 commission per lot per side. As with
all accounts there is a choice of base currencies to trade in.

Don’t forget to read our full review on Roboforex before you test it out. Vantage Markets is an international broker for Forex (currency pairs) and CFDs (Contracts for Difference). The company has existed since 2009 and knows exactly how to respond to the wishes of its customers. The broker is mainly based in Level 29, 31 Market Street, Sydney NSW 2000, Australia, and accepts traders from almost every country. But they also got business addresses in the Cayman Islands and Vanuatu.

The email response times can vary from a response within 30 minutes, or you may have to wait up to two days. The times can change depending on your issue, but you will receive a response. In vantage fx review addition, if you don’t mind waiting for an answer, this could be the most appropriate customer support method for you. Some accounts will ask for a commission fee like the raw ECN or pro ECN.