Since both platforms are strikingly similar, I found it useful to compare them side by side in the categories below. Vantage offers a strong suite of trading instruments, with 1000+ CFDs spanning forex, stocks, commodities, indices, bonds and ETFs. For example, traders can earn V-points in the Vantage Rewards scheme which can be redeemed for cash, deposit rebate vouchers, lucky draws, profit boosters and more. When I used Vantage, I found that clients registering with the offshore entity can access several bonus deals and promotional offers. I tested the broker’s processing times using both a Visa card and Neteller and found that my funds were available immediately.
It will help to remember that Vantage FX rebranded in November 2021; you can find details here. However, payments to and from overseas banking institutions may attract intermediary transfer fees from either party independent of Vantage FX. From the table above, the spreads offered by Vantage FX Standard STP Account are a bit higher than those offered by the big names in the industry — IC Markets and Fusion Markets. Also, the absence of an FCA regulation indicates that UK-based are not covered under the Financial Services Compensation Scheme (FSCS) if the broker fails to meet its financial obligations in the United Kingdom. However, CFTC regulation is absent; therefore, Vantage FX cannot provide its services to citizens or residents of the United States. Vantage processes withdrawals within two business days, ensuring efficient and timely fund transfers.
The firm’s notable reputation is also reinforced by its collection of prestigious awards. Additionally, I didn’t find a history of scams or malpractice at Vantage during my research. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
How to Trade with Vantage?
This account type provides access to a comprehensive range of assets, including 49 currency pairs, 25 indices, 51 ETFs, 22 commodities, and over 800 share CFDs. The Raw (ECN) account is available on both MetaTrader 4 and MetaTrader 5 platforms, allowing traders to take advantage of the advanced features and tools offered by these platforms. The Standard account at Vantage is specifically designed to cater to entry-level traders, offering a no-commission trading structure which allows for cost-effective participation in the markets. It features competitive spreads that enhance the trading experience without the burden of additional transaction costs.
This multi-regulatory approach enhances Vantage’s credibility and provides an added layer of protection for traders by ensuring compliance with international financial regulations. Reputable multi-asset broker, client accounts are independently managed and audited periodically. The transaction speed is very fast and the slippage is low, making the risk of news much reduced. Vantage clients can start to diversify their portfolio by duplicating the trades of proprietary traders, trading their own accounts with real money!
- Vantage FX offers traders the ability to trade soft commodities such as cocoa, coffee, and sugar.
- For the Standard Account, the minimum deposit is $200 USD, while the Raw Account requires a minimum deposit of $500 USD.
- This includes traditional methods like bank wire transfers and credit cards, as well as modern e-wallets such as PayPal and Skrill.
- The Education section at Vantage is dedicated to providing in-depth articles and guides on various aspects of trading.
- Both Swap-Free Standard STP and Swap-Free RAW ECN accounts are designed for traders who are unable to receive or pay swaps due to religious beliefs.
Vantage Standard Account
For those interested in a deeper understanding of how Vantage protects its clients’ investments, the broker provides a comprehensive Security of Funds section on their website. This resource outlines the specific measures Vantage employs to secure client assets, reflecting their dedication to maintaining a secure trading environment. Vantage have partnered with Trading Central to provide daily market commentary, global financial news, and in-depth market analysis, conveniently accessible from the Vantage app. Gain fast and stable access to your MT4 & MT5 trading account from any web browser window wherever you may need to manage trades from.
Mobile trading
Forex Swap rates are affected by https://worldtradex.club/ market conditions and the interest rate of the affiliated countries of the chosen Forex currency pair. Note that Vantage FX does not offer its services to residents of specific areas such as North Korea, Japan, the United States, and other regions. For sending notifications and alerts to clients for specific activities and may also perform some automated actions. If you have traded with Vantage we would really like to know about your experience – please submit your own review. This average customer rating is based on 3 Vantage customer reviews submitted by our visitors. Ultimately, I think the app will work well for beginners or anyone looking to stay up to date with market events whilst on the go.
The application allows you to place trades, follow market news and create watchlists, but I learned that it isn’t the best for serious charting and technical analysis. I have been particularly impressed with the comprehensive range of third-party social trading platforms, including Myfxbook and ZuluTrade. Client feedback and reviews of Vantage have been overwhelmingly positive, with many clients praising the broker’s efficient and reliable services and its commitment to transparency and integrity. Vantage provides negative balance protection for its clients, which is an essential feature for many traders, especially those new to the market.
Perfect for both new and experienced traders who want to access the markets while on the go, the convenient MT4 and MT5 apps by MetaQuotes are fast, reliable and compatible with both Android and iOS devices. The MT4 platform offers Forex traders the most powerful charting platform on the market. Widely accepted as the industry benchmark in retail Forex trading platforms, MT4 is by far the most popular platform for charting out there today.
This platform offers a seamless trading experience with advanced charting tools, technical indicators, and various order types. Ideal for traders on the go, Vantage WebTrader is compatible with most modern web browsers and can be accessed from any device with internet connectivity. When assessing https://worldtradex.site/ a forex broker’s reputation, Trustpilot is one of the most trusted review platforms out there. This excellent rating indicates that the broker has a solid track record of providing traders with excellent trading conditions, reliable customer support, and a safe trading environment.
Based on my first-hand worldtradex review, the firm is an excellent choice for traders looking for low fees, best-in-class tools and a range of global markets. Considering the negatives, though, it is a shame that the broker’s global entity, Vantage Global Limited, is regulated offshore by the Vanuatu Financial Services Commission (VFSC). The VFSC is not a highly respected authority and does not offer the same degree of protection for retail traders in my view. Furthermore, Vantage offers several special promotions and bonuses, such as its Refer a Friend Promotion, Deposit Bonus, Gold Swap-Free, 100% Trading Bonus, and Vantage Rewards.