If you own this website you can update your company data and manage your reviews for free. Sometimes I do well, sometimes I lose steam but I never give up and I try to make up for it. Vantage FX is a legitimate and multi-award-winning broker with over 15 years of experience. Various Tier-1 authorities depending on your location, ensure a secure and transparent trading environment and regulate them. Opening an account on Vantage is completely digitised and, as such, you can complete the entire process on any of your devices. The next stage of the process involves deciding whether you want your account to be denominated in USD, EUR, or GBP.
Those using AstroPay, Neteller, and Skrill will also see funds credited almost immediately and no charges are applied by the broker on transfers using those services. Clients can choose between free trading accounts or lower commission trading spreads. To open a live or demo account, users simply need to go to the Vantage homepage and select “Live Account” or “Demo Account” located in the upper right corner. Vantage offers traders several ways to fund their trading accounts, such as bank transfer, credit card, Paypal, Neteller, Skrill, China Union Pay and others.
How Risky Is Vantage Markets?
Traders can reach the customer support agents via a dedicated phone number, email, and live chat both on the website and mobile app. The demo account from Vantage enables traders to trade with real-life conditions, even though they are trading with unreal funds. Traders have permanent access to the account as there are no time limits for its use. Traders https://worldtradex.pro/ can execute trades in the market for 24 hours, 5 days a week. As mentioned above, the size of spreads and accrued commission depends on the type of trading account that a trader uses. But for each traded lot, traders are required to pay a commission of $ 3.00.
Within 24 hours, the withdrawal should be executed during the week. You must deposit at least $ 500 for the RAW ECN account and at least $ 20,000 for the PRO ECN account. The capitalization of the trading account is elementary and works through proven methods. Vantage Markets is an international broker for Forex (currency pairs) and CFDs (Contracts for Difference). The company has existed since 2009 and knows exactly how to respond to the wishes of its customers.
Vantage Markets Review : Is This Broker a Scam?
Our request to talk with a human agent worked well, and on entering an account number, the chat was transferred directly to the broker’s customer support team. Another neat feature of the site is that accounts are, by default, set up so that copies of all Live Chat conversations are emailed to you after chats are closed. Options offered by the broker, MAM / PAMM accounts, are obviously intended for those who are looking for high-performance trading solutions.
Through ZuluTrade, DupliTrade, and MyFxBook Autotrade, Vantage also offers social trading via which traders can profit by copying the positions of more experienced investors. The ProTrader platform links up with the highly regarded TradingView platform. The account number needed to access this dashboard is emailed to new users who, once logged in, can take advantage of a range of powerful software tools and indicators. The final platform option is the Vantage app, which combines user-friendly functionality with access to hundreds of forex pairs, commodities, indices, and stock CFDs. Vantage offers clients a choice of four excellent trading dashboards. Following the link to the WebTrader platform takes you to a version of the ever-popular MetaTrader MT4 platform, which can be accessed from anywhere with an internet connection.
Forex Risk Disclaimer
Both MT4 and MT5 facilitate the four key types of order (market order, pending order, stop loss, and take profit). These are instructions to your brokerage for when to open and close orders. Another thing that stands out for me is the level of customizability that I get with the MetaTrader suite. Both platforms feature flexible charts and market watch windows which can be re-sized to my preferences.
- It only took a few minutes to download and sign in and then you can chat with other traders and mirror strategies in a few clicks.
- In addition to copy trading features, Myfxbook Autotrade offers journal features where you can keep track of your trading history.
- More detailed questions were sent via email and were again resolved to our satisfaction, with replies received within 24 hours.
- An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
However, note that most of the broker’s regulators do not require insurance for the funds of the clients. Please note that some products and multiplier levels may not be available to traders from EEA countries due to legal restrictions. More in-depth queries can be sent via email, with the broker supplying a selection of email addresses so that questions can be directed to the most appropriate area best equipped to handle them. That means no time is spent redirecting your approach if you are looking for information on tech issues, partnerships, or complaints.
The minimum amount you can deposit into the trading account is $200. The educational and research tools are aimed at boosting traders’ profitability. The customer service is also responsive and available at almost all times of the day. He has several years experience in the forex trading business and has started to trade in Bitcoin and other crypto markets too.
These services are specifically designed to facilitate equitable resolutions for traders who seek recourse against registered brokers. Instead, the broker immediately closes losing trades if it appears that they will lead to the trader losing not only all the funds in their account, but Worldtradex even end up owing the broker. Whichever base currency you choose, a wide range of payment options are available, including bank transfer, credit/debit cards, and e-payment service providers. Wire transfers can take 2-5 days to complete, but during our testing, deposits made using cards were, as stated by the broker, credited to our trading account instantly.
How To Open A Demo Account
The platforms provided by the broker work quickly and reliably, and a low minimum deposit (only $ 100) allows you to open a real trading account for everyone. Like other reputable online brokers, Vantage Markets makes the majority of its income from spreads or commissions from the traders, depending on the account type. Alternatively, prospective users can sign up with their social media accounts, choosing one of Facebook, Google+, or LinkedIn. Across these platforms, Vantage provides quick market execution, quality charting and analysis tools, and the ability to enter limit and stop orders. Trading at Vantage is cheap since traders don’t get levied with charges for most of the services the broker offers.
Whatever some of its detractors may say, the broker is serious about what it does. It is regulated and it features superb account type- and platform selections. These questions extend beyond basic information related to country of domicile and address to include questions related to trading experience and educational background.
As you can see on the homepage of Vantage Markets, there is high transparency. The broker is an actual ECN broker (see Liquidity Provider) and only earns on the spread and paid trades commissions. The account opening process is straightforward with Vantage Markets. In the following section, we will guide you through the depot opening.
- However, this is standard practice and Islamic accounts avoid this charge, though an admin fee is levied instead.
- In particular, the provider is recommended for traders who want transparent and secure trading.
- Vantage FX offers a comprehensive trading experience with a strong focus on security, mulitiple trading options, competitive fees, exceptional support, and user-friendly technology.
- On weekdays, support is available 24 hours a day at the regular market opening hours.
- However, before making a final decision, it is important to conduct thorough research.
The broker’s global user base, strong regulatory oversight and collection of industry awards are reassuring. The firm also uses important safety measures including segregated client accounts. Yes, Vantage is a legitimate broker that is authorized by multiple regulators, including the ASIC and FCA. There’s no evidence of scams or malpractice based on my research and the broker segregates client money and offers negative balance protection, so you can’t lose more than your deposit. The competitive pricing in the ECN accounts, additional tools and the rebate scheme also make Vantage a good option for more experienced, high-volume traders.
Trading Software
I recommend the Raw ECN or Pro ECN accounts, as these offer ultra-tight spreads. The availability of the MetaTrader platforms and VPS also means that active day traders using automated systems are catered for. Looking at the downsides for day trading, execution speeds at Vantage aren’t the fastest. For beginner traders, I appreciate the low $50 minimum deposit, unlimited demo account and selection of educational materials. The in-house platform is easy to use and there are hundreds of popular assets to trade. Vantage also doesn’t disappoint when it comes to additional trading tools.
No, Vantage is an ECN/STP broker, which means it sources quotes from several external liquidity providers with no dealing desk intervention. It also means spreads are generally lower than market maker brokers. For those who are looking to learn as they go, Vantage offers a dedicated Academy packed with market analysis articles, trading guides, platform tutorials and webinars.
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