All in all, Vantage has a solid product offering, not as much as some other major brokers, but it should be enough for most traders. There are also e-wallet providers such as Neteller or Skrill, which can help you to segregate your trading funds from your personal bank account. Vantage has a range of deposit methods, making it pretty easy for most traders around the globe to fund their accounts. Charts By limefx TradingView offers what we believe are some of the best charting options for retail traders. There is also the Vantage App, which is essentially a branded version of the MT5 mobile app.
Beyond the tight spreads and commission, VantageFX is a relatively generic broker offering MT4 and MT5 with a good range of CFD trading products. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
- 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.
- Our analysis includes daily market commentary, and technical analysis reports.
- Past performance is no indication of future performance and tax laws are subject to change.
- For beginner traders, I appreciate the low $50 minimum deposit, unlimited demo account and selection of educational materials.
- Read our full explanation and accounting of our research and testing process to learn more about how we test.
As you can see from my comparison table below, Vantage stands up well against top competitors when it comes to available payment methods. As you can see from my comparison table below, Vantage stands up well against two of the most tightly regulated brokers in the industry, Pepperstone and AvaTrade. As a globally recognised multi-award-winning CFD broker, we pride ourselves on striving for excellence in what we do, and providing the best trading experience to all our clients.
MetaTrader 5
A full list of fees is readily available and easily accessed via the homepage – simply click on the payment options icon at the bottom right-hand corner of the homepage. In our experience, both deposits and withdrawals to the platform are processed quickly with minimal delay. Overall, the writer of this Vantage review found that using the platform is relatively simple. If you have any previous experience of similar trading platforms, then using it shouldn’t be too much of an issue. The website itself is well laid out, and a useful search bar allows you to pull up any information you might be searching for in an instant. The trading experience via the MetaTrader 4 and MetaTrader 5 platforms is very much what you have come to expect.
Regulation & Trust
Their range of available financial assets compares fairly to other big brokers, such as OANDA and Fusion Markets. The low starting deposit of $50 ensures accessibility for those on a lower budget and the unlimited demo account allows you to practise trading risk-free for as long as you need. There is also an excellent selection of copy trading platforms, though past performance is no guarantee of future performance. In this Vantage review, I share the key findings from my comprehensive assessment of the broker. I evaluate the firm in all the important categories, including regulation and trust, investment offering, trading fees, account options, and platform functionality. According to its website, Vantage is founded on the values of accountability, transparency, reliability, integrity and trust.
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What are the deposit and withdrawal options?
Despite the fact VantageFX round their average spreads (we assume down, not up), we can say their spreads compare favourably to the industry average. But our results do suggest there may be certain currency pairs to look out for, for example, our test suggests the spreads for the AUD/USD pair might be a bit high. In the case of VantageFX, they only provide the average for their commissions-based account (specifically their RAW ECN Brokers) so we are able to compare this type of account. Clients can withdraw funds online by logging into the secure Vantage FX client portal and selecting the withdraw tab from the menu. All withdrawal requests are processed via the payment method that was used to limefx scammers make a deposit.
Learn all about trading with Vantage Academy and get the latest financial news plus in-depth market analysis. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). By the Financial Conduct Authority (FCA) under Vantage Global Prime LLP, for institutional clients. Vantage also has an entity that holds regulatory status with the Cayman Islands Monetary Authority (CIMA), and by the Vanuatu Financial Services Commission (VFSC) in Vanuatu.