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 account