Category: Forex Trading

This is also cheaper than many forex brokers we have reviewed, including IC Markets, which requires $200. Vantage clients can start to diversify their portfolio by duplicating the trades of proprietary traders, trading their own accounts with real money! When you connect your Vantage account to DupliTrade, you gain access to a folio of hand-picked prop traders. 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 MT4 or MT5 account.

Vantage Lower trading fees

These are only available to Australian clients – the offshore entity does not offer digital currencies, which is unusual. However, other methods require longer to process with bank wire withdrawals taking up to five working days. I appreciate that the broker charges no deposit or withdrawal fees but some payment methods have third-party charges, for instance, international wire transfers as outlined above.

Is Vantage A Regulated Forex Broker?

• Gain instant access to the world’s most liquid Stock Exchange Indices through your MT4 and MT5 trading platforms.
• They understand the value of keeping trading costs to a minimum, which is why Vantage share CFDs are available to clients at some of the lowest commissions in the industry.
• The WebTrader platform and the proprietary mobile app are both similarly easy to use, and beginner traders shouldn’t have an issue getting used to them.
• DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.
• 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.

Costs may be higher in the long run, but this will suit traders looking for zero commissions and competitive spreads. This system acts as a kind of hub for different liquidity providers and allows traders to enjoy tighter spreads but also incurs a commission. We recommend this model if your strategy needs fast execution speeds and the guarantee of fixed commissions. According to its website, Vantage is founded on the values of accountability, transparency, reliability, integrity and trust.

• However, International Bank Transfers attract a minimum bank processing fee of 20.00 units of your account base currency from Vantage’s bank’s side.
• Overall, Vantage is a solid choice for most international investors looking to start CFD trading or test out a trading strategy using a demo account.
• The firm’s notable reputation is also reinforced by its collection of prestigious awards.
• With 21 timeframes and one-minute history of quotes available on MT4, moving to MT5 is the smart choice for flexibility.
• Vantage prides itself on execution speed and fully transparent STP/ECN trading model and with the SmartTrader Tools Package they have now taken the MT4 and MT5 Platforms to the next level.
• It is important to note that between 74-89% of retail investors lose money when trading CFDs.

About the Editorial Team

Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. limefx scammers 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). Read our full explanation and accounting of our research and testing process to learn more about how we test. By the Financial Conduct Authority (FCA) under Vantage Global Prime LLP, for institutional clients.

How To Make A Deposit

Vantage’s forex trading fees are fairly low, but not the best in the industry. Clients can choose between an STP account with zero commissions and floating spreads from 1 pip or an ECN account with low spreads from 0.0 pips and a $3 commission per lot per side. Opening an account takes less than 5 minutes and the starting deposit is low at $50.

Importantly, as you can see from my comparison of other brokers below, Vantage also holds its own in terms limefx scam of access to the best trading platforms. My assessment found that fees at Vantage are competitive, especially in the higher account tiers. The best part is that you only need $50 to access raw spreads in the ECN account, but there are commissions to be aware of. I feel the Vantage Rewards scheme will be most valuable for active traders, though I strongly urge traders to approach any financial incentives with caution.

The MetaTrader 5 platform in particular has really been streamlined with this latest update. The WebTrader platform and the proprietary mobile app are both similarly easy to use, and beginner traders shouldn’t have an issue getting used to them. Designed for institutional traders, Vantage index CFDs can be enjoyed by all clients with no commissions, transparent prices, and ultra-sharp spreads.