Our experts rate this package from Vantage as it allows retail traders access to an upgraded version of the MetaTrader platforms. The benefits include an alarm manager, a correlation matrix, and an Excel RTD link. In particular, Vantage stands out for its choice of copy trading platforms, with multiple in-house and third-party solutions. This TradingView-enabled platform has a slick interface and premium analysis tools. This includes over 20 different chart layouts, 8 timeframes, and a large selection of drawing tools. We like the extra flexibility that a larger suite of forex pairs brings, but realistically most traders will be satisfied with the 49 on offer from Vantage, which includes all majors plus minors and exotics.

Raw Account Spreads

While Vantage FX accepts clients from most countries in the world, there are 28 countries and one Canadian province from which it does not accept clients. Some of the most notable restrictions are for those in the United States of America, British Columbia in Canada, Belarus, Afghanistan, Lebanon, and South Sudan. Our Vantage FX reviewers found that if you are trading from within the UK, you are protected under the Financial Services Compensation Scheme (FSCS). Vantage FX also offers regular webinars – run thrice weekly – a real advantage for beginners trying to find their footing in the Forex trading space.

Supported Platforms

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. While we haven’t tested the spreads with this account, Ross Collins, our chief researcher tested the Standard Account Spreads for 20 other MT4 brokers. In case you are wondering how these commissions compare to other brokers, Ross Collins did an extensive comparison. We think you will agree that commissions with VantageFX are very good when you see our Commission Fees results.

I have used vantage fx for the past one year and they have not let me downDeposit and withdrawals no problems, with very helpful customer care ready to assist you when you need help. They’re already doing well, but there’s still room for improvement in customer care, particularly when it comes to responding to traders’ queries. There are also written tutorials of the platforms for those who learn better by reading. These include step-by-step written instructions for installation and a basic overview.

It also earned the same honor from both the Global 100 and the Fintech Awards in 2017. Impressively, Vantage FX does not charge inactivity fees, which are common among competitors. This is a very strong point in favor of Vantage FX, especially for https://worldtradex.pro/ those who are new to trading and may trade inconsistently. If you are registering with Vantage FX from the UK, you can also choose between a commission-free account or a Pro account that charges from £1.50 per 100k traded.

Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold The Forex Geek and any authorized distributors of this information harmless in any and all ways. With a Vantage MT4 or MT5 trading account, you are able to take long term position trades in physical gold and silver, taking advantage of being able to trade in both long and short directions. Trading and long-term investment go hand in hand as you are able to hedge your physical positions whenever you see the market turning.

• This includes over 20 different chart layouts, 8 timeframes, and a large selection of drawing tools.
• The application also lets you open your account and take care of fund management.
• Our experts rate this package from Vantage as it allows retail traders access to an upgraded version of the MetaTrader platforms.
• A Forex Economic Calendar is a useful tool for Forex traders to track important, potentially market-moving events.

Vantage offers its own proprietary trading app, alongside the standard MetaTrader suite of mobile apps. Vantage has built a decent foundation for a new mobile trading application with its Vantage App. However, I am not a fan of the ads, and it is still a long way off from competing with the best mobile apps in the industry. They handle withdrawals and deposits quickly and are transparent and fair with spreads and other trading services.

Is Vantage A Good Or Bad Forex Broker?

It is determined by the overnight interest rate differential between the two currencies involved in the pair and whether the position is a buy ‘long’ or sell ‘short’. Unfortunately, Vantage FX’s swap rates are not published on its website. Traders in the UK will trade with Vantage Global Prime LLP which is authorised and regulated by the UK Financial Conduct Authority (FCA). Traders outside the UK, Australia and the EU will trade with Vantage International Group Limited which is authorised and regulated by the Cayman Islands Monetary Authority (CIMA). ForexBrokersOnline.com earns money from affiliation deals with our partners.

Commissions

As well as providing analytical tools and complete control over copied trades, it can also act as an automated trading journal by tracking and analyzing your trading history. This is a really great function that sets this tool apart from other copy trading apps. However, other methods require longer to process with bank wire withdrawals taking up to https://worldtradex.space/ five working days. The only other important fees to be aware of are the industry-standard overnight swap charges (except for Islamic accounts).

The Forex Market Overview features four sub-categories with a total of 17 articles. Forex Market Analysis includes three sub-categories and 17 articles in total. FxScouts is committed to ensuring protection of all personal information that we hold, and to provide and to protect all such data. We recognize our obligations in updating and expanding this program to meet the requirements of GDPR. FxScouts is dedicated to safeguarding the personal information under our control and in maintaining a system that meets our obligations under the new regulations. As a well-regulated broker, Vantage FX ensures that all Anti-Money Laundering rules and regulations are followed.