VANTAGE FX Review 2023 ️Pros and Cons Revealed

Such a bonus is but a way to compensate traders for choosing a certain broker, since once the account is opened, the trader will have the same expenses as any other. The bonus is just a reward for the trader’s choice that gives some of these expenses back to the trader, once proving himself as an active trader. The facility that enables a trader to get a much larger exposure to the market than the amount he or she deposited to open a trade, is called leverage. Such leveraged products magnify a trader’s potential profit – but of course, also increase the potential loss. Australian clients may expect the funds in their bank accounts by the next working day, while overseas clients may have to wait several days for it to reach their accounts.

The broker also removed binary options in 2017 to focus on ECN forex trading. Vantage FX is an award-winning broker headquartered in Australia under the Vantage International Group. Among other global locations, the broker has an office in London which is regulated by the Financial Conduct Authority (FCA). Due to AML / CTF laws, Vantage FX cannot deposit funds to third parties. As a result, all money withdrawn from your account must go to a bank account in the same name as your Vantage FX trading account.

• Energy commodities are some of the most important commodities in the world because they are used to power the economy.
• Vantage FX MetaTrader 4 also allows traders to automate their trading strategies by using robots or Expert Advisors.
• You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money.
• Additionally, Vantage FX international undergoes a yearly audit by an independent accounting firm.

However, the investor protection scheme is only available to residents of the UK, which protects retail investor accounts lose money when trading CFDs. As per Vantage FX review, has a wide range of deposit (payment methods) and withdrawal options to their users that are relatively easy to use. Users can find out the available deposit and funding methods from the client’s portal on the broker’s website. limefx website However, the funding methods vary based on the base currency pairs and residency of the account holders. The users need to deposit the funds when trading CFDs only through their individual account bearing their name; no third-party payment methods are allowed on the platform. Vantage Markets Forex grants traders access to the global Forex market through top-tier Forex liquidity providers.

With a large number of professional Forex traders choosing MT4 as their charting platform of choice, MT4 makes it possible for traders to follow their every order in real time! Through the Forex trading signals tab, you are able to tap directly into the minds of professional traders, making trading decisions alongside them in real time via their signal https://limefx.name/ service. The Standard STP account is aimed towards traders who want direct market access and prefer higher spreads and no commissions. The minimum deposit required is $200 with variable spreads starting from 1.4 pips. Vantage has teamed up with Myfxbook AutoTrade to bring forex traders one of the most popular FX copy trade services available.

While the last several years have brought major achievements, more work is necessary to ensure the Code remains relevant and effective for the market as a whole. The GFXC continues to engage with the industry to ensure that the Code is a living document that evolves in step with changes in the market. The Code’s influence is set to increase further as we expand engagement with the industry on Code adoption and awareness.

Vantage FX Broker Review

However, such rebates are only available to users having an account balance of $10000 or more. The following withdrawal options are available to Vantage FX clients – Wire transfer (bank transfer) and Credit card. The AutoTrade tool also does not need any software downloads, it can be easily accessed via any web browsers available to traders. The Vantage FX offers a user-friendly platform to users that can be used by anyone having a robust internet connection.

Vantage FX allows you to trade the energy markets via the MT4 and MT5 trading platforms. The CFD broker offers the most popular energy commodities, such as crude oil, natural gas, gasoline, and heating oil, allowing you to take advantage of fluctuations in the prices of those commodities. Vantage FX fully complies with strict financial regulation by multiple authorities that adds to the credibility of the platform. Moreover, the company safeguards its users with its unique ‘negative balance protection feature. The company has also launched a trader compensation scheme that comprises an indemnity insurance scheme to users which allows the users’ funds to be held in separate accounts.

• Demo accounts are available to test the different trading platforms and conditions before opening a real account.
• Vantage FX can be reached via specific phone numbers for those in Australia, the UK, China, Canada, and International, as well as a fax number.
• Much of this work will occur through the evolution of the FX Global Code.
• I hope you will all join us as we bring the FX Global Code into its next chapter.
• However, it can have a big impact on scalpers who hold trades for a few seconds or minutes.

The broker also has some basic features, such as an economic calendar and client sentiment data. Still, Vantage FX lacks a variety of in-house content besides its daily videos, compared to other forex brokers. It is packed full of features such as order management, custom watch lists, trading signals by Trading Central, alerts, news calendars, and more. For all intents and purposes, the VFSC is not considered a forex broker regulator and applies no supervision of any CFD trading-related activities.

Vantage Markets Review

Irrespective of the size of your account, without the application of proper processes and methodologies there is no chance of managing capital effectively, and before too long your capital will dwindle away to nothing. Vantage FX is one of the leading foreign exchanges (forex pairs) and CFD (Contract for Differences) brokers across the world, established in 2009 and having its head office in Australia and regulated by the ASIC. The company was primarily registered as MXT Global and got its brand name Vantage FX Pty Ltd (Vantage FX) in 2015. Currently, the company (Vantage FX)is a member of Vantage Global Prime Pty Ltd. Vantage FX has also won the awards like “Best Forex Mobile Trading Platform /App” and “Best Forex Trade Execution” awards in the Global market category, which was given by global forex awards in 2022. Vantage FX WebTrader is a user-friendly platform that can be suitable for novice traders who are just starting out in the world of online trading.

I would always prefer to use a regulated broker although I am aware that unregulated brokers can sometimes offer certain products and services that a regulated broker cannot. This is fanastic if you are a scalper who needs the lowest possible spreads at all times. After the slippage incident, I was not able to see the trade history in my chart until a few hours later, I wonder why? This is my second time experiencing this and I have not experienced this with other brokers. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry.

Very good experience with this broker

Liquidity providers contributing to the deep institutional liquidity pool include some of the world’s largest institutions such as J.P. Morgan, HotSpot FX, National Australia Bank (NAB), Citibank, BNP Paribas, HSBC, Royal Bank of Scotland (RBS), Credit Suisse, Goldman Sachs, Bank of America, UBS and more. They have some of the best liquidity providers that I have seen from any broker. I lost 2.800 EUR on XAU/USD and the “Advisor” told me to Trade on Vantage Markets with his link. I fell like Vantage pays affiliate people, They share with each other my money! I had hope to get something out of it because I have video of my “Trade history” which shows my very Big loss.

ECN Brokers

The broker also imposes a limitation to the first-time funding via card (debit or credit) and is restricted up to a maximum of AUD 1000 or its equivalent. Users can find the detailed requirements for account opening on the broker’s website. 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. This website is using a security service to protect itself from online attacks.

We define beginner traders as inexperienced traders who have never traded before or have been trading for less than a year. Beginners often do not want to risk trading large sums of money, and will generally not be able to trade full-time during the workweek. Its Standard Account has a minimum deposit of 50 USD, making it accessible to beginner traders. Overall, Vantage FX offers a good pricing environment and caters to traders of all experience levels.

Trading Conditions

The broker offers a diverse range of trading instruments, including forex, stocks, commodities, and cryptocurrencies, with competitive spreads and free access to educational & research tools. The broker from many perspectives is a great offer in technology, reliability, customer service, and pricing. Vantage clients can start to diversify their portfolio by duplicating the trades of proprietary traders, trading their own accounts with real money! When you connect your Vantage account to DupliTrade, you gain access to a folio of hand-picked prop traders.

The PRO ECN is aimed at professional traders and money managers who need to trade high volumes. The minimum deposit required is $20,000 with variable spreads starting from 0 pips and commission from $2. The Vantage App allows you to access the global markets and trade from anywhere at any time. It offers traders easy, yet powerful mobile access to hundreds of FX Pairs, Commodities, Indices, Share CFDs and more.