ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. You can use these apps to execute trades, view news and charts and create custom watchlists. Based on our assessment – the ECN account is the best option if you are an active forex trader looking for the lowest fees. On the negative side, the lack of crypto trading for global clients means it isn’t the best choice for dedicated crypto investors. We also don’t recommend Vantage if you want to deposit and withdraw using PayPal.
Embrace the uniqueness of ZuluTrade and harness the power of innovative features, sophisticated algorithms, and the collective wisdom of a global trading community. That is why you should only invest money that you are prepared — or can afford — to lose at such high risks. Tradersunion.com does not provide any financial services, including investment or financial advisory services. Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers. Vantage Markets offers several additional features designed to enhance the trading experience.
Non-Trading Fees
- Trade CFDs online with ease on desktop or mobile using our variety of advanced trading tools and features.
- Adherence to the terms and conditions is paramount to ensure a seamless and enriching trading experience.
- It offers a range of in-depth tutorials, courses, and informative materials covering various aspects of trading, from fundamental concepts to advanced strategies.
- Additionally, these commissions were compared with those of the top two competitors, Eightcap and worldtradex Group, to provide the most comprehensive information.
Thankfully, Vantage gets an easy seal of approval and a very high trust score from me. Will continue use vantagefx as it considering the best broker I trade with so far. It’s fast, snappy, all the assets have deep liquidity, and I never had any issues since I joined a couple years ago. Customer Service is overloaded, scaling up operations to decrease backlog would improve client experience. So far, Vantage has met all my needs and expectations with its stable platform, fast withdrawals, and great support.
The platform features 12 charts, including traditional Japanese candles, Renko, and Kagi, as well as many timeframes and chart layouts. With ProTrader, traders can execute trades with high precision, choose from over 1000 tradable CFD assets, and stay updated with market news. Vantage offers a robust customer support system that is accessible through multiple channels, including live chat, email, and telephone. This ensures that traders can receive prompt and effective assistance whenever needed, regardless of their location or time zone.
Trading Conditions
This range includes basic tools like an economic calendar and others to gauge the forex market sentiment, up to a range of premium tools which you can unlock with a balance over $1,000. This allows for a highly efficient, customizable trading experience at the broker. This is equal to 0.01 standard lots or a cash value of $1,000 if you are not using any leverage.
However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings. Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker. The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. This will help Tradersunion.com to continue to provide our services to you for free. Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money.
Other Fees
- Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.
- It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
- The Vantage client portal’s trading tools, designed to streamline research and education.
- Yes, Vantage offers demo accounts via MetaTrader 4 and MetaTrader 5 for traders to practice without financial risk.
- Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk.
- As a result, all money withdrawn from your account must go to a bank account in the same name as your Vantage FX trading account.
We like the extra flexibility that a larger suite of forex pairs brings, but realistically most traders will be satisfied with the 49 on offer from Vantage, which includes all majors plus Worldtradex scammers minors and exotics. 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. No inactivity fees are charged by Vantage, which is an advantage over rivals like Admiral Markets and IG Index.
Ultimately, I think the app will work well for beginners or anyone looking to stay up to date with market events whilst on the go. I was also able to execute time limits on my orders, including good ‘til canceled (GTC), good ‘til end of day (GTD) and good ‘til time (GTT). After signing in to the ProTrader platform, the sleek interface is instantly recognizable for me as the platform is powered by the market-leading TradingView.
“Great Platform for Independent and Algorithmic Traders”
The company holds a license with a top-tier regulator, the Australian Securities & Investments Commission (ASIC). Our experts are also reassured to see that Vantage is a member of the Financial Commission Compensation scheme and uses segregated client accounts. The broker also provides an extensive FAQ page, which is where I recommend starting if you have a basic query. The search bar makes finding relevant information intuitive, and there is enough content to deal with standard account and product conditions. Our experts rate this package from Vantage as it allows retail traders access to an upgraded version of the MetaTrader platforms. The benefits include an alarm manager, a correlation matrix, and an Excel RTD link.
Smart Trader Tools
As a result, each forex currency pair has its forex swap charge, and interest is paid on currency sold and received on currency bought. The broker charges a commission of $3.0 per lot per side ($6 round trip) on the Raw ECN account and $1.50 per lot side ($3 round trip) on the Pro ECN account. Finally, let us compare Vantage FX Standard Account average spreads with those other major brokerages offer on the three most actively traded Forex pairs. You can deposit funds into your Vantage account using various methods, including bank transfers, credit/debit cards, cryptocurrencies, and electronic payment https://worldtradex.world/ systems such as Skrill and Neteller. If you want to compare Vantage with other forex brokers in more detail, go to the Forex Brokers Comparison page.
Currency conversion fees are applied when the deposit or withdrawal currency differs from the base account currency. Vantage does not charge inactivity fees, offering traders the freedom to pause their activity without incurring additional costs. This makes the platform especially flexible for those who trade irregularly or seasonally. Forex rebates offer traders a great opportunity to recover some of their trading costs. With the PaybackFX cashback program, traders can enhance their returns by earning rebates on every trade made with a Vantage account, or by opening a new account through PaybackFX. Vantage includes a lineup of 62 Exchange-Traded Funds (ETFs), offering exposure to indices, commodities, bonds, and specific sectors.
That’s why their trading tools are intuitively designed to simplify the trading process, allowing you to focus on what truly matters. The platform supports multiple copy trading services, including Vantage’s proprietary social trading app, where clients can seamlessly mirror the trades of experienced individuals. Vantage’s copy trading system is designed to be transparent and intuitive, giving users full control over their risk management while benefiting from the success of their chosen traders.
Desktop platforms
The overnight fee is a common fee among brokers which is charged at the closing time of the market for positions that you have kept open. If you want to know more about Islamic trading and swap free accounts, then you can always check out our article on the best swap free Islamic brokers. This account type charges no swap fees in order to be fully compliant though the broker could charge an extra fee to make up the difference here. An Islamic trading account is offered by Vantage and is completely compliant with Shariah law. In fact, the service is also certified by Sheikh Hasan Qamra, the Chairman of the Shariah Supervisory Board. The spread here starts from an extremely low point at 0 pips although a commission is charged on trades.
It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. VPSA VPS, short for virtual private server, is a system that houses the necessary software and data for operating an application or website.