Forex Trading

Vantage Review 2023: Is It a Reliable Forex Broker?

vantage fx review

With the Vantage FX Forex Rebate Program, clients receive rebates daily in the form of cash that is instantly sent to their MT4 trading account. This program applies to Standard STP Accounts and makes it possible to receive $2.00 AUD for every standard FX lot. For traders who prefer to employ algorithmic trading strategies, the availability of VPS services ensures that investors can gain access to lightning fast trade execution with minimal latency. Investors are also allowed to hedge positions, adding to the strategy potential available through the Vantage services. Moreover, the platform is recommended for traders who are willing to invest large sums and are confident in their trading abilities.

Vantage Pros and Cons

Additionally, social trading features are available through ZuluTrade and Myfxbook, which can be integrated with your Vantage account. In addition to the auto trading features in the MetaTrader 4 and MetaTrader 5 apps, Vantage also provides users of the platform with access to ZuluTrade and Myfxbook AutoTrade tools. These additional tools are a great way of adding some social and automated trading features to your trading account.

  1. They have been around the industry for more than a decade since being founded as MXT Global in 2009.
  2. With zero spread markup on some of the major forex pairs, all you’ll have to pay is a modest commission on either side.
  3. This combination has helped Vantage to become one of the market leaders in the Australian market.
  4. The oneZero MT4 Bridge can handle a large number of market orders (up to 500,000 trades executed per millisecond) and is capable of processing 150 unique price feeds at speed.

Vantage pros & cons

Their trading costs are low and the offering of leverage is the highest in the market. Vantage FX is followed up regularly by different audit and transparency authorities. This is one of the most robust, comprehensive mobile trading platforms in the business. Here you can access the same excellent range of charting tools and indicators that you can do through the desktop platform. As you would expect from a top forex broker like VantageFX, their availability extends to traders worldwide.

vantage fx review

Security and Money Guarantees

They offer 40+ Currencies, Indices like Dax, SP500, commodities, precious metals, energies, and CFD cryptocurrencies. You will get an extensive range of tradable assets especially if you are a beginner. But you may find subtle limitations of this range as you become more advanced.

vantage fx review

Swap-Free Account

The implementation is based on OpenXR, and is “compatible with all VR headsets”, including current models from Meta, HTC and Varjo, plus Windows Mixed Reality and SteamVR devices. Chaos has updated Vantage, its real-time ray tracing renderer, intended for exploring large V-Ray scenes in architectural visualization and visual effects projects. You can also call Vantage FX via the phone number conveniently displayed at the top of any page on the website.

Customer Support

As such, we would advise you to contact Vantage through either its online chat function or directly on the phone. Please note that CFDs are leverage-based instruments and do not provide ownership of the underlying assets. In other words, if you purchase a share CFD, you do not own the share but rather have exposure to the price action of that share. Therefore, if you are seeking a platform to buy and hold shares over a long time horizon, a CFD product is not ideal for you.

Vantage have partnered with Trading Central to provide you with award winning technical analysis and daily market commentary from expert market analysis teams, covering 70 tradeable markets. It contains trading setups which can be used to compliment your own trading strategy. An expert advisor (EA) is an automated trading system that runs on charts in the MT4 trading platform. They can analyse the markets for trading opportunities and place, manage and close trades automatically.

The Gold Swap-Free promotion allows clients who trade Gold to do so without incurring any swap fees. This promotion is particularly useful for clients who hold Gold positions for an extended period and want to avoid additional fees. Clients need to meet the specific requirements outlined in the terms and conditions to be eligible for this promotion. Vantage operates globally, but there are certain countries and regions where it is not authorized to provide its services. This is due to various reasons, such as regulatory requirements, local laws, and international sanctions.

When it comes to managed accounts for manager and investors, this is one of the best solutions I have come across. It makes the whole process simple, with the broker providing you with everything needed. If you need MAM / PAMM solutions, ACY Securities might be worth checking out. I think it is great to be able to track the news from within the platform rather than having to use an external economic calendar. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

ZuluTrade have a decent amount of traders to copy, but if you are looking for social trading then eToro would be my top pick. 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.

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 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. The platform is web-based, which means that it can be accessed from any device with an internet connection, without the need to download or install any software. Overall, whether or not Vantage FX is the right broker for you depends on your individual needs and preferences as a trader.

Meanwhile, it is important to note that Vantage falls short in offering free educational access and competitive fees, which are considered the primary elements for trading. Overall, the choice of account type depends on the individual trader’s needs and preferences, so it is essential to carefully evaluate the different features and select the most appropriate option. The brokerage provides CFD trading services on 1000+ underlying assets across Forex, Commodities, Shares & Indices through MT4, MT5 and the proprietary trading app – Vantage App. The FCA is considered a top-tier regulator in global financial services, so you can be confident when depositing and trading your funds with Vantage FX. If you’re planning to trade forex for the first time, Vantage offers a free online course, explaining the forex market and how to analyse them.

Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery. For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. Although I’m usually skeptical of trading apps due to the limitations of small screens for detailed technical analysis, Vantage’s app impressed me. Its advanced charting capabilities add remarkable versatility, and I valued its convenience in consolidating all essential Vantage services into one accessible platform.

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