Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit.

KPMG has been providing audit, tax and advisory services regarding financial markets since 1987. ECN accounts at Vantage FX charge commissions, but Standard STP accounts do not. The commission for RAW ECN accounts is $3 per lot per side, which drops to $2 per lot per side for PRO ECN accounts, all of which are competitive figures. In the UK, only Vantage Prime Pro account holders are charged commissions, and these start at £1.50 per 100k traded. The company offers highly reputable brokerage services, thanks to its regulation by three top tier authorities, number of awards and honors, and longevity.

Funding Methods

• This brings a whole new level of convenience to the entire trading process as traders can access their trading accounts and place trades on the go, as long as they are connected to the internet.
• This type of news feed is found on the MetaTrader platforms as well as the Vantage FX application.
• Combine all this with their zero deposit and withdrawal fees, and low trading fee and they become a top choice for beginner and experienced traders alike.
• Servers are located worldwide in major financial hubs, including New York and London, giving ECN market liquidity to client platforms for fast execution speeds.

This process allows Vantage FX to meet KYC (Know Your Customer) guidelines. KYC guidelines keep you safe and stop the broker from accidentally facilitating illegal practices such as money laundering. –      Non-trading fees aren’t directly related to trading, but you should consider them as they make up the cost of using a certain broker. Standard accounts have no commission fees; instead, Vantage adds https://lunarcapital.net/ a spread markup starting from 1.0 pip. Vantage provides access to MetaTrader 4, MetaTrader 5, ProTrader, and WebTrader, catering to various trader preferences. When comparing Vantage with Pepperstone, both brokers are renowned for their competitive pricing and robust trading infrastructures.

Vantage FX markets and products

If you’re located in Australia or the UK, it’s a no-brainer to take advantage of the low commissions on the raw ECN account. If you’re a serious trader and you’re going to be doing a lot of volume, or making a large amount of trades throughout the day, you’ll probably want to save on trading spread costs with an ECN account. One of Vantage FX’s VPS partners is ForexVPS, which allows users to simply log in to their servers through any stable desktop or mobile device. The broker offers access to ForexVPS free of charge for clients that have a minimum balance of $1000. Vantage FX offers swap-free trading on both the Standard STP and Raw ECN accounts.

How to open an account at Vantage FX

The live chat feature is available 24/5 and our review team found this was the fastest way of getting in touch with Vantage FX. MetaTrader 4 is available for desktop, mobile, and web, across nearly all device types – 13 platforms and devices in total. To open an account with Vantage FX, you’ll need to provide proof of identity and proof of address.

But you may find subtle limitations of this range as you become more advanced. You can find https://lunarcapital.vip/ tutorial videos for the Vantage FX platforms in the educational area. Due to the similarities across all platforms offered by Vantage FX, however, that should be enough to help you use any of the broker’s platforms. Expert analysis from Vantage FX is yet another important feature in the Pro Trader Tools suite. It provides you with technical analysis, based on expertise and quantitative technology. The clear key levels and trend lines also make it easy to act on the live trading advice.

Available Trading Instruments:

Also, all client funds are in segregated trust accounts and come under negative balance protection. Besides, Vantage FX has an indemnity cover to safeguard clients if it fails. Our Vantage FX broker review team was also happy to find that, since 2001, Vantage FX has provided all live accounts with the PowerStats toolkit from Autochartist. Vantage FX offers three trading platforms, depending on where you’re located. A trading platform is simply a software interface that allows you to place trades. Trading platforms often come with charting, research, and order processing tools, too.

At the next step, we had to provide some more of our personal details, such as date of birth and identification document details. Opening an account with Vantage was a relatively painless and streamlined process, allowing us to be set up in about 5 minutes. 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.

• The firm offers MT4, MT5, and TradingView-based platforms, which in our opinion is exactly what the average retail trader should be using.
• If you’re not familiar with MT4 or unsure how to install some of the features, the videos could be your quick guide to set up and run the platform.
• This means you can make deposits, check your account details, and even register with the broker whilst on the go.
• We consider a standard account to be the one that will appeal to most traders, often not the cheapest option but not a premium option either.
• Review updates ensure that all the information we provide is current and correct.

This way, the risk of fraudulent behavior by the brokerage is kept at a minimum. The main types of trading are available here, such as scalping, intraday, medium-term, and long-term transactions. Vantage Markets also allows clients to work with expert advisors and there are no restrictions for automated trading. The company offers its clients the execution of orders of the Market execution type. It is important to consult an expert if the process is confusing, this will save you time and the stress of trying to do this yourself.

There are regular educational webinars, which are run by a trading education firm called Trade With Precision which focus on topics such as specific technical indicators and trader psychology. There are mini-course-like articles that offer an introduction to forex trading and information like how to set up the MT4 trading platform. With Vantage, there are a number of educational resources, mainly aimed at beginner traders who are new to forex and CFD trading. Outside of these hours, we would sometimes run into a chatbot on live chat, or deal with a customer support representative who seemed less knowledgeable than their Australian counterparts..

How to Start Day Trading as a Complete Beginner?

Personally, my easy choice would be to combine TradingView charting with MT4 for order entry. Moving over to Vantage branded options, we had the pleasure of viewing Vantage ProTrader. This is a web-browser-based charting solution that is essentially a branded version of TradingView. The good news is there are no charges when it comes to deposits, withdrawals, and inactivity. Forex Swap rates are affected by market conditions and the interest rate of the affiliated countries of the chosen Forex currency pair.

They have a lot of features so that you don’t have to take a high risk on your deposited amount. Features like Social Copy Trading with multi-dimensional platforms make it more viable. You just have to log into their client portal, click on Withdraw Funds. From the dropdown menu select the method you funded your trading account. After that, you have to upload a copy of your bank statement and click the submit button.

The broker also offers an impressive suite of Pro Trader Tools, such as Market Buzz, Featured Ideas, Economic Calendar, and Analyst Views. Both of these are compatible with your account type and excellent options for beginners or anyone who is short on time. The inclusion of social trading allows you to choose a professional trader that you trust and eliminate the need to complete as much research and analysis yourself. For transparency, you can view the full list of available forex pairs and their minimum spreads on the Forex page of the Products section.