Those with Islamic accounts should note that an administration fee is charged in place of a swap fee. No inactivity fees are charged by Vantage, which is an advantage over rivals like Admiral Markets and IG Index. This is good news for casual traders who don’t need to worry about being stung for not trading for a few months. The Standard STP account offers commission-free trading with spreads from 1.0, while the Raw ECN account has lower spreads from 0.0 pips with a commission of $3 per lot per side.
- Founded in 2009 and headquartered in Sydney, Australia, it offers over 1,000 tradable assets at very competitive prices.
- These include EU, US, and Australian indices as well as Asian indices from China, Japan, and Hong Kong.
- Between $100,000 and $300,000 you will receive a $6 per lot rebate, and $8 per lot above this $300,000 equity position.
- These locations help to give Vantage an international presence and to connect more closely with traders in different areas around the world.
- While the broker’s research and educational offerings made significant progress in 2025, Vantage continues to have room to further improve to compete with the best brokers in those categories.
He is an expert in Compliance and Security Policies for consumer protection in this sector. Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings. There are a total of more than 40 forex currency pairs available for trading with Vantage.
Then, you simply choose the traders you want to copy based on their performance, strategy, and trading style, and their trades will be duplicated on your Vantage FX MT4 or MT5 account. Note that traders have to have a minimum account balance of 2000 USD in order to access Duplitrade. Unlike other brokers that charge fees for deposits, and on inactive accounts, Vantage FX does not generally charge any non-trading fees. However, a 25 USD fee is charged for withdrawals via bank wire transfer. Vantage FX offers three live accounts, which is average compared to other brokers, and its accounts are suitable for both beginners and more experienced traders. Opening an account takes less than 5 minutes and the starting deposit is low at $50.
Forex Education
Professional and swap-free accounts are Worldtradex cheating also available for qualifying customers. Overall, these account options allow traders of all experience levels to pick the one that aligns with their preferences and trading style. The broker’s accounts, compliant with the Sharia Law, feature spreads from 0.0 pips, a $50 minimum deposit requirement, and no deposit fees. The count of tradable instruments, including Forex, commodities, shares, and bonds, reaches over 1,000.
Customer Support Channels
To get free Forex VPS services, customers must meet several requirements, described in the table below. In addition to Vantage’s spreads and commissions, traders must be familiar with the broker’s overnight funding costs. They are also known as swap rates or the rollover interest rate for keeping positions active overnight. This includes great training on Metatrader with video tutorials, manuals on both MT4 and MT5, and guidance on how to use the trading platforms excellent range of tools.
However, improving customer service accessibility would be beneficial, as the wait to connect with a representative is excessively lengthy. I spent over an hour in the queue before finally speaking with an advisor. The advisor, Ryn, was extremely helpful and I appreciate the assistance. Available at service stations throughout the trading days, Vantage customer service can be reached by live chat all weekdays or mails or phones.
Vantage FX also offers regular webinars – run thrice weekly – a real advantage for beginners trying to find their footing in the Forex trading space. The advantage of using the MetaTrader platform is the cross-device and multi-broker functionality, making it easier to change brokers or use multiple brokers. 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. Overall, Vantage FX’s account-opening process is fully digital and hassle-free and accounts are ready for trading within 24 hours.
When I do get a response, it takes ages—sometimes up to 15 minutes—and they mention they’re handling multiple queries at once.I’m in urgent need of assistance to retrieve my funds. Any guidance on how to resolve this issue would be greatly appreciated. There is availability over 40 forex pairs so clients can trade major and minor currencies as well as a few exotic currency pairs. On the whole, copy trading or social trading is useful for traders who are interested in the financial markets but lack the experience and knowledge. Traders should be aware that as forex is a decentralised market, Vantage FX’s sentiment readings are of the Vantage FX book only. By reading this snapshot of the market, however, traders will get an idea of the average trader’s mindset and therefore take advantage of the supply/demand imbalances that may result.
Flexible Accounts For All Traders
In my estimation, Vantage’s educational offering is well-suited for traders of different levels – from beginners to advanced traders. I particularly appreciated Vantage’s above-average cryptocurrency offering and the flexibility of cryptos and some metals being denominated in multiple currencies (USD, JPY, and EUR). This feature allows traders greater versatility in managing their trades.
Does Vantage operate a bank?
Besides, the commission at $3 per standard lot per side is among the lowest in the industry. Vantage FX provides the most widely used retail forex and CFD trading platforms- MetaTrader 4 & 5. If you prefer the MetaTrader 4, you can download the platform from the website and start trading immediately. But, if you are keen on the MT5, download the platform and request the broker for a USER ID/PW to access the trading terminal.
- Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today.
- There is availability over 40 forex pairs so clients can trade major and minor currencies as well as a few exotic currency pairs.
- It makes me question the purpose of listing a phone number that doesn’t work.
- I recently attempted to withdraw £500, but the funds were mistakenly sent to an account I had closed some time ago, which I can no longer access.
- One of the benefits of using the Myfxbook Autotrade copy trading platform is its functionality.
With regulation by trusted authorities like ASIC, FCA, FSCA, and VFSC, traders can feel secure knowing their funds are protected through segregated accounts and robust security measures. For forex enthusiasts, the platform supports major, minor, and exotic currency pairs with competitive spreads. Commodity traders can access both hard and soft commodities, including energy and precious metals, providing opportunities to hedge against market volatility. Investors interested in equity markets can trade share CFDs and ETFs, offering exposure to a wide array of sectors and regions. Filippo specializes in the best Forex brokers for beginners and professionals to help traders find the best trading solutions for their needs. He expands his analysis to stock brokers, crypto exchanges, social and copy trading platforms, Contract For Difference (CFD) brokers, options brokers, futures brokers, and Fintech products.
A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. All three available platforms—MT4, MT5, and ProTrader— support one-click trading. Scalpers can also use Vantage’s free Virtual Private Server (VPS) hosting for low-latency trading. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
While using the Standard account, I got spreads of 1.4 on EUR/USD and 1.6 on GBP/USD. They handle withdrawals and deposits quickly and are transparent and fair with spreads and other trading services. I’m happy to continue working with them, as long as things stay the same. Vantage Markets ensures traders benefit from competitive and transparent pricing.
Our team rate the variety of payment methods supported as it makes the broker easy to use globally. The firm’s membership with the Financial Commission and Compensation Fund is also a good sign. This protects clients with a maximum compensation of 20,000 EUR in the case of an unresolved dispute with the broker. The only drawbacks I found are its inconsistent customer support and absence of share CFDs of Asian companies. The service is free to funded accounts with at least $1000 and a notional traded volume of at least $0.5 million per month. Vantage also provides free Virtual Private Server (VPS) hosting for low-latency trading.
What Are CFDs?
He promises you that your account will be safe because he will use proper money management with 20% drawdowns. But he will trade aggressively open tons of trades which goes against your favour. He also promises you that if things goes bad he will send your funds through wallet. Contact me if you need any evidence, I’m happy to share my experience. Vantage Markets prioritizes trader development through extensive research and educational resources. The platform hosts free webinars covering market fundamentals and advanced strategies, catering to both novice and experienced traders.
The funds that traders deposit into their trading accounts at Vantage are safe and secure. This is because of the preparations that the broker has made to ensure that the funds of traders are protected. These arrangements include the holding of clients’ funds in accounts that are separated from the broker’s own funds.