Vantage FX Review 2023: Pros, Cons, Fees & Features

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Traders who are looking to profit from some of the world’s most popular stocks can consider trading stock CFDs with Vantage FX. Currently, Vantage FX offers 50 share CFDs from the US stock exchanges, over 70 share CFDs from the UK and European markets, and 50 share CFDs from the Australian market. You can speculate on some of the largest companies from the United States, the UK/Europe at $6 and €10 per trade, respectively. Finally, let us compare Vantage FX Standard Account average spreads with those other major brokerages offer on the three most actively traded Forex pairs. 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.

  1. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry.
  2. Clicking through, we were asked for our name and phone number and then asked to select a bunch of options for customizing our account.
  3. Lastly, there are a range of options for trading from your smartphone.
  4. Apart from those regulatory licences, Vantage FX is regularly audited by KPMG, a global network of Finance professionals and experts.
  5. With our RAW ECN account, traders can experience some of the lowest trading costs in the industry.

This is a web-browser-based charting solution that is essentially a branded version of TradingView. 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. Opening a Vantage demo account was quick and painless, we were able to get things setup in only a minute or two. As per it is mentioned on their site, it takes less than five minutes.

STP & ECN Forex Accounts – No Dealing Desk

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. Clients’ funds are held in fully segregated accounts with the AA- rated National Australia Bank (NAB). National Australia Bank consistently limefx website ranks among the top 20 safest banks worldwide. Under the Australian government guarantee, all National Australia Bank deposits are protected, which improves the overall safety of your funds. With one simple MetaTrader 4 login, you will be able to access your MT4 trading account anywhere, anytime.

ECN Account

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The Australian Securities and Investment Commission (ASIC) and England’s Financial Conduct Authority (FCA) are both very tight on how much leverage is allowed for retail traders. Lastly, there are a range of options for trading from your smartphone. MT4 and MT5 are both offered, which will run on either Android or iOS.

Ways to connect to MetaTrader 4 (MT

The broker charges a commission of $3.0 per lot per side ($6 round trip) on the Raw ECN account and $2.0 per lot side ($4 round trip) on the Pro ECN account. Vantage FX does not charge any commissions on the Standard STP account. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.

We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Vantage FX offers access to the most liquid global FX markets, allowing traders to trade over 40 forex pairs. The broker provides https://limefx.group/ traders with institutional-level trading through its deep FX liquidity pools with inter-bank market access. The platform is replete with a suite of advanced trading tools, such as technical indicators, order management, custom watchlists, trading signals by Trading Central, alerts, news calendars, and more.

From the dropdown menu select the method you funded your trading account. Then fill up your account details and enter the amount of withdrawal. After that, you have to upload a copy of your bank statement and click the submit button.