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). In the case of VantageFX, they only provide the average for their commissions-based account (specifically their RAW ECN account) so we are able to compare this type of account. VantageFX like many brokers, provide their average spreads on their website. Telephone calls and online chat conversations may be recorded and monitored. Another exceptional feature of their service is, they provide three top-notch auto-trade platforms for Social copy trading.
The prices of all Vantage FX Indices are based on the underlying price of the index’s corresponding stock market. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. With https://limefx.group/ an abundance of FX liquidity in our dark liquidity pool, Vantage is able to provide traders with the tightest Forex spreads available. At Vantage, we fully understand the importance of keeping FX trading costs to a minimum so you can maximize your total Forex trading profit.
The range of available markets at Vantage will depend on which entity regulates your account. The following table summarizes the different investment products available to Vantage clients. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- Vantage FX has been awarded the Global 100 award in the category of best MT4/MT5 broker and low-cost broker in 2020.
- The Vantage group of companies has licenses or regulatory agreements in four different jurisdictions.
- CFDs and Spread Bets are complex instruments and come with a high risk of losing money rapidly due to leverage.
- Vantage FX provides Forex traders access to the most liquid global FX markets.
- Vantage has a range of deposit methods, making it pretty easy for most traders around the globe to fund their accounts.
They offer different types of additional tools and add-ons along with their MT4 and MT5 platforms. Forex trading is the price speculation of one currency against another. Forex markets are always traded as currency pairs where a forex trader will always buy or sell one currency in terms of another.
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Spreads & Commissions
So, the Pro ECN Account is the cheapest of the three accounts, which is why it is offered to high-volume traders. Vantage’s research is sourced primarily from third-party content providers such as Trading Central, and it lacks substantial in-house content. Considering the quality and depth of research that is made available by the best forex brokers such as IG, Saxo, and CMC Markets, there remains considerable room for Vantage to improve in this category.
Vantage FX incorporates the latest innovative technologies to make trading faster and easier for their clients. They partner with Equinix, enabling them to provide a diverse network of servers linked by fiber optics. Every fiber optic line that connects their services is carefully selected and tested to ensure minimal latency (with up to 100 gb/s bandwidth). Servers are located worldwide in major financial hubs, including New York and London, giving ECN market liquidity to client platforms for fast execution speeds.
Trade with spreads from 0.0 pips with our Vantage RAW ECN account
BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk. It is, therefore, unsuitable for those who lack proficiency and sufficient experience. Vantage FX does not accept third-party payments, so all funds deposited into your trading account must be under the same name as your Vantage FX trading 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. Charts By TradingView offers what we believe are some of the best charting options for retail traders.
Mobile trading apps
While the account creation is swift (can be completed within 5 minutes), it may take up to 24 hours to get your trading account verified. Upon verifying your account, you will have to fund your account using any of the available payment methods before you can start trading. However, limefx company reviews CFTC regulation is absent; therefore, Vantage FX cannot provide its services to citizens or residents of the United States. 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.
Please consider contacting a professional advisor if you require any financial assistance. The broker’s regulation by ASIC indicates a reputable broker that keeps to regulatory and ethical requirements. As a Tier 1 regulatory authority, ASIC also mandates that all client funds are kept fully segregated from the broker’s corporate accounts in client trust accounts at top-rated banks.
Up next, we had to share some basic details regarding our trading history and experience. Then we had to provide details about our address and whether we’re a US resident for tax purposes. 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.