Vantage FX Review
Vantage FX offers different solutions to investors who can use a mess of platforms to access their trading account and trade properly. The execution of orders is fast and because of its quality customer support, traders can enjoy knowledgeable environment at a lower cost.
When it involves the value of trading, the broker keeps making progress. Its ECN account now offers very competitive spreads, it’s a perfect broker for scalping. Vantage FX is one among Australia’s leading brokers, if you’re trying to find a reliable broker to trade Forex this is often the right fit you. Click the link below to start out trading.
Opening an account with Vantage FX is extremely easy. it’s done completely online employing a series of forms that you simply can complete in but 10 minutes. The broker offers a spread of account types, which allows an outsized number of traders to seek out the proper one for them, whether or not they are beginners or professionals. The broker offers 4 sorts of accounts.
The RAW ECN account
ECN stands for transmission Network. With the ECN account, your orders on currency pairs are passed on to the varied liquidity providers of Vantage FX. However, the broker isn’t 100% ECN type, as other instruments are offered by CFDs.
RAW ECN is Vantage FX’s flagship account. It offers tight, sometimes zero, spreads for highly quick assets like EUR / USD and USD / JPY. The broker ensures that the liquidity offered by this account is of institutional level. The trading conditions are indeed excellent on the RAW account, with fast order execution.
The broker deducts a commission on currencies, which amounts to $ 3 per lot traded, which is roughly in line with industry standards. RAW ECN account offers over 180 assets, among which you’ll trade. The leverage offered there are often up to 1: 500. However, this may be limited to 1:30 if you reside in Europe, consistent with the regulations established by ESMA since June 2018.
The PRO ECN account
This account is obtainable to professional traders and other wealth managers, trading large volumes. The spread is like that of the ECN account, but the ECN PRO is even more competitive, with a commission of just $ 2 per lot traded, which is unbeatable.
This low cost allows for algorithmic trading and Vantage FX ensures that orders on the ECN PRO account are executed instantly for up to 40 lots.
It is important to notice that the broker doesn’t check whether you’ve got professional experience or not, to possess the professional account. Just make a deposit of $ 20,000 and apply to the broker.
The STP standard account
The spreads are wider with this account, but no commission is taken. it’s designed for beginners who want to urge started in online trading. the quality account enjoys an equivalent liquidity because the ECN accounts. The execution of orders is of the STP type. With STP (Straight Through Processing) technology, all Forex orders are transmitted to Vantage FX’s liquidity providers.
The minimum deposit for this account is merely $ 200. If you would like to vary your account type, you’ll request it at any time. Just close all of your open positions and have the minimum balance required.
The Islamic Account
The Islamic account has the particularity of not having swap fees, it’s also called an account without swap. This account doesn’t require you to pay rate of interest charges that are deducted from your account once you hold your position overnight. However, you’ll pay other position administration fees.
Vantage FX offers a Sharia Compliant Islamic Account certified by the Chairman of the Sharia Supervisory Board, Sheikh Hassan Qamra. This account are often ECN or Standard STP. it’s available for the asking from the broker.
Vantage FX Unlimited demo
Vantage FX offers unlimited demo account to holders of real trading accounts. this enables you to develop strategies before you begin trading for real. Without deposit, the demo account is restricted to 30 days.
Deposit and withdrawal
The deposit methods are diverse: Skrill, Neteller, PayPal, mastercard , wire transfer, China Unionpay and FasaPay. The minimum deposit is 200 dollars, or 200 euros if you’ve got an account during this currency.
Vantage FX offers the foremost commonly used deposit methods. The broker also allows you to withdraw your funds by an equivalent method used when depositing. The solutions offered are payment by card, by transfer, also as by Skrill and Neteller electronic wallets. Other deposit methods are available, counting on the country or region of residence.
Each sort of account has its minimum deposit. the quality account deposit is $ 200, while the minimum deposit for ECN RAW and ECN PRO accounts is $ 500 and $ 20,000 respectively.
Regarding withdrawals, the quantity of all of your withdrawals must be but or adequate to that of the deposit, otherwise you’ll need to make a transfer request. Suppose you create a card deposit of $ 500 then request a withdrawal of $ 700 after making a profit. during this case, 500 euros are going to be returned to your card, the extra 200 euros are going to be sent to you by transfer.
Vantage FX Trading platforms
Vantage FX only offers MT4 and MT5. All versions of those two platforms are available. An extension, Smart Trader, is added to MT4 to supply it with new features. Solutions are offered for copy trading and social trading.
Vantage FX MT4
MT4 and MT5 are the foremost popular platforms for Forex trading. they’re fairly furnished with analysis and drawing tools and complete the Vantage FX webtrader. These platforms allow programming of trading robots and automatic trading.
In addition, an outsized library of trading robots and indicators, free or paid, is obtainable within the platform.
Vantage FX We traders
Vantage FX has not developed its own web trader. The webtraders made available are those of MT4 and MT5. The advantage with webtraders is that you simply access your account from any browser (Google Chrome, Edge, Opera, Safari, Firefox…).
Mobile applications also are those of MT4 and MT5. they’re available on Android and iOS.
PAMM and MAM platform
Vantage FX offers an entire solution for providers of trading signals. For the management of several accounts at an equivalent time, the broker integrates the MetaFX platform, with which it offers a complicated management tool. Its dashboard allows you to share your positions from MT4. The advantage is that the signal provider can automate their PAMM or MAM service using trading robots.
The MAM allocation speed is 5 ms per account. The positions are therefore instantly copied to the investors’ accounts. Vantage FX doesn’t limit the amount of accounts you’ll hook up with PAMM or MAM.
You can do social trading through the mixing of ZuluTrade . This platform is more flexible than MAM and PAMM solutions, because it lets investors follow multiple signal providers, no matter their profile. ZuluTrade offers an entire dashboard, which allows you to manage the various traders you follow: allocation, position size, maximum allowed loss, etc.
ZuluTrade uses several parameters to rank its signal providers. you’ll be ready to follow the simplest ones and receive the trades on your Metatrader account.
Myfxbook is another social trading solution that Vantage FX offers. because of AutoTrade, you’ll be ready to follow the simplest trading robots among quite 90,000 systems offered by this platform. AutoTrade gives you full control over the positions received. you’ll close them from your Metatrader account.
Vantage FX Free VPS
With a deposit of a minimum of 1000 dollars, Vantage FX offers you a free VPS (Virtual Private Server). VPS is important if you would like to try to to automated trading. Because the pc or the server that runs your Metatrader shouldn’t leave .
From your dashboard, you’ll choose Vantage FX’s free VPS. You subscribe one among their preferred providers, then send the broker your monthly invoices. It refunds it to your trading account.
The spreads on the quality account are quite wide, but the general fees and commissions on the ECN accounts are very competitive.
The spread is from 0 pip for ECN accounts. Sometimes zero spread is obtained on EUR / USD or USD / JPY. The commission per lot traded is $ 3 and $ 2 respectively for RAW ECN and PRO ECN accounts.