The account type that you go for will probably depend on your investment size and if you want low spreads with a commission fee, or if you prefer to trade with zero commission and a spread mark-up instead. Either way, the accounts are similar to what you will find from most brokers. I personally like the ECN account as it has the lowest spreads and commissions combined.
Deposit and Withdrawal
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. Vantage, as well as many other broking firms, could improve in this regard, especially with providing education and tools for the experienced trader. There are regular educational webinars, which are run by a trading education firm called Trade With Precision which focus vantage fx review on topics such as specific technical indicators and trader psychology. With Vantage, there are a number of educational resources, mainly aimed at beginner traders who are new to forex and CFD trading.
- Energy commodities are some of the most important commodities in the world because they are used to power the economy.
- However, it can have a big impact on scalpers who hold trades for a few seconds or minutes.
- The range of available markets at Vantage will depend on which entity regulates your account.
- If you are a more experienced trader, then the Pro ECN account is available with a $20,000 minimum deposit.
- The content from Trading Central and Autochartist provides traders with a layered overview of market developments from multiple angles.
Research Tools
For traders in Australia, you should strongly consider using Vantage’s raw ECN account as commission rates are extremely competitive. We looked through the company’s trade ideas articles which largely had generic market information with some basic technical analysis for certain CFDs and currency pairs. There are mini-course-like articles that offer an introduction to forex trading and information like how to set up the MT4 trading platform. We were also happy to see that trading commodities were easily accessible with Vantage. There are options to trade products such as cotton, cocoa, sugar, orange juice, wheat, and even soybeans. There are also e-wallet providers such as Neteller or Skrill, which can help you to segregate your trading funds from your personal bank account.
A $3.0 commission for a 1 Lot trade on the Pro account is very competitive. An equivalent trade on a zero spread account with Fusion Markets will incur a $4.50 commission per round turn, which is, at present, among the most competitive offers within the industry. From the table above, the spreads offered by Vantage FX Standard STP Account on some major pairs are higher than those offered by big names in the industry like IC Markets and Fusion Markets. The same holds true about spreads offered by another big competitor – IG, with the NZD/USD pair making a notable exception. Vantage also provides for a selection of trading ideas and a market analysis within this section.
VantageFX supports MetaTrader 4, MetaTrader 5, and their proprietary platform, Vantage App. We could easily trade crude oil, natural gas, Brent crude, and even more exotic options like low sulfur gasoil. When all of that was complete, we were ready to deposit funds into the account. Up next, we had to share some basic details regarding our trading history and experience. Next, we had to share details of our employment status and financial position.
This is good for accessing the platform on any device, even if it is not your own. The web trader keeps the same intuitive interface and majority of functions as the desktop platform. MT4 offers 9 different chart timeframes and 3 different chart types (line, bar and candlesticks). You can load charts of all trading instruments in multiple windows and customise them to suit your preferences.
The main functionality of the MT5 desktop platform is available through the mobile application. MT4 is one of the most widely used trading platforms in the world which I like for its user-friendly interface and quick learning curve. It is simple enough for those of you who are novice traders whilst having enough advanced functionality for the more experienced traders amongst you. In addition to superb trading conditions, you get access to Trading Central which I believe is a great tool for market analysis and generating customised trading signals. You will find there are plenty of tools to help you with your trading, including automated signals. There is also a good amount of educational content available to help beginners learn more about the markets.
Trading Fees and Other Costs
It is very flexible, user friendly, and it offers multiple funds allocation methods to copy other traders. With 1,039 tradable instruments, Vantage’s offering surpasses that of most brokers. It includes a diverse mix of lower-risk securities like ETFs and bonds, alongside higher-risk, high-yield assets such as indices and cryptocurrencies.
- It was very simple to bring up price quotes for products like the 10-year German government bond.
- The AutoTrade service is an online FX trade copying platform with thousands of traders all over the world.
- Traders can also sign-up for trading signals generated by Trading Central, delivered to their inbox.
- VantageFX offers Standard STP, Raw ECN, and Pro ECN accounts, each tailored to different trading needs with varying spreads and commissions.
- The broker excels with its low trading fees, choice of versatile trading platforms, robust market research, and comprehensive educational offering.
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers.
Account verification
You will have a wealth of choice when it comes to charting tools and indicators with more than 50 available, and the ability to engage robots and algo-trading through the EAs feature should you wish. These trading platforms will both run through Mac or Windows, and on almost any device. Here you have no risk at all attached since the funds you are trading are virtual, but you can replicate a real trading environment.
Traders get the full suite of MT4/MT5 trading platforms, consisting of a desktop version for algorithmic traders, a lightweight web-based version for manual traders, and a mobile app. Vantage also developed a proprietary mobile trading platform, Vantage App. Vantage ProTrader powered by TradingView offers another alternative for manual traders to consider. I like it when a broker gives us the choice as we all have our own strategies. The main differences between the accounts are the minimum deposits, spreads and commissions.
One of the best and trusted platforms…
MT4 is available as a desktop application for Windows, Mac, and Linux computers, WebTrader, and as a mobile app for Android and iOS devices. The WebTrader can be accessed through all popular web browsers, such as Chrome, Safari, Firefox, and Edge. 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. Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms.
Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). By the Financial Conduct Authority (FCA) under Vantage Global Prime LLP, for institutional clients.