Although Vantage does not have the widest range of tradable assets, let’s take a few moments to look at what you can trade through the Vantage FX platform. However, CFTC regulation is absent; therefore, Vantage FX cannot provide its services to citizens or residents of the United States. In this broker review, we will pay attention to the critical aspects of Vantage FX, which you may consider before deciding whether to trade with this online brokerage.
Offers and New Customer Experience – Free to use demo accounts are available
Additionally, Vantage FX strives to enhance its offerings, ensuring it remains superior to the competition in terms of service. Overall, in this Vantage FX review UK, we think trading share CFDs is an excellent idea for new and skilled traders. You can choose from a wide range of popular companies that have high liquidity and volatility, so there are more chances of you generating returns. It works well for the more skilled traders as you can use the leverage to your advantage and potentially generate more profit from the highly volatile market.
Vantage FX Review 2023: Pros, Cons and How to Start Trading
If you’re facing withdrawal problems with Vantage, you can contact their customer support team for assistance. In terms of educational and research support, Vantage FX offers a decent range of resources for traders, but it may not be as comprehensive as some other forex brokers in the industry. The platform is specially created for Indian traders offering them advanced indicators, over 50 technical drawing tools and a complete suite of tools https://traderoom.info/ for in-depth market analysis. The quality of a brokerage’s customer support is always a vital consideration when determining which brokerage is best for you. This reality remains true regardless of whether you’re an experienced investor or a new trader looking to get started in the markets. VPS hosting ensures your platform keeps running 24 hours a day so you set up EAs to take advantage of every opportunity that arises in the market.
- It even covers the importance of trading psychology, such as learning to accept losses and overcoming human issues like FOMO and greed.
- You can trade easily on your computer using the MT4 or MT5 platforms, or use their new TradingView platform.
- The raw ECN requires at least £500, and the pro ECN will need a minimum amount of £20,000.
Forex Demo Accounts
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. Vantage is required to do this due to regulatory KYC (Know Your Client) processes. In general, the customer service team seemed patient with the rather advanced questions we threw at them. If they didn’t know an answer off-hand, they would take a moment and then send us a bunch of information that would likely help us with our inquiries.
Are Vantage FX’s Spreads Competitive?
I think Vantage could improve its market coverage by introducing Asian share CFDs from exchanges like the Shanghai or Tokyo Stock Exchanges. My only minor complaint is that the selection of shares is lighter than some brokers like CMC Markets. It’s also good vantage fx reviews to see that bank transfers, cards and some e-wallets are fee-free. As for licensing, I’m glad to see that many clients will be registered under tier-one-regulated entities. When all of that was complete, we were ready to deposit funds into the account.
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. All-in-all, to keep it simple, for most traders, you’ll be choosing between a standard account and a raw ECN account and most of the time this will be the RAW ECN account. We took a look at the accounts VantageFX has to offer and like the fact they have a range of accounts for different trading styles. Of particular interest to us is the Cent Account since not many traders have this type of account (even if this is only available for traders in South Africa). Withdrawal requests are processed within the same day or next if outside working hours.
I especially like that you can join discussions within a community feed which allows users to learn how to trade in a hands-on yet engaging environment. 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. What you can do, though, is easily view live chart data alongside corresponding analysis and events all on the same page, which I thought was highly intuitive. I also like that clicking on each chart opens it up in full-screen landscape mode, so you can pinch and zoom for a greater level of detail. I was also able to execute time limits on my orders, including good ‘til canceled (GTC), good ‘til end of day (GTD) and good ‘til time (GTT). After signing in to the ProTrader platform, the sleek interface is instantly recognizable for me as the platform is powered by the market-leading TradingView.
The MT5 web trader runs directly in most popular web browsers so you can access your account from any location at any time, provided there is an internet connection. This can come into use if you do not have your computer available and need to check your account. One of the things I like about the web platform is that it is always up to date so I know I am using the latest version at all times. There is an inbuilt alert system to keep track of price movements and a built-in economic calendar to keep track of the latest financial news all within the platform.
Like RAW ECN account holders, Vantage gives PRO ECN accounts 100GB of bandwidth across its bespoke Equinix fibre-optic servers. You can start trading with a RAW ECN client account at Vantage with just a £500 deposit. As a RAW ECN account holder, you’ll be connected to Vantage’s Equinix fibreoptic network. This lightning-fast solution helps you to move fast in even the most volatile markets. All RAW ECN accounts receive 100GB of bandwidth through Equinix servers. Vantage FX has low trading fees, their spread starts from 0.0 with $2 per lot commission on their RAW account.