All banks, governments and companies are participants in this vastly liquid global FX market. Their trading activity creates volatility, which FX traders are able to exploit to their advantage and consistently profit using their edge. Vantage FX offers you trading with 40+ currency pairs and a wide range of tradable assets around 180 markets worldwide. Their trading costs are low and the offering of leverage is the highest in the market. Vantage FX is followed up regularly by different audit and transparency authorities.
Please read our legal documents and ensure you fully understand the risks before you make any trading decisions. Needless to say, like other top tier licenced brokers, they put their clients’ funds into a segregated bank account that is operated by National Australia Bank. As an Australian regulated Forex Broker, Vantage FX offers transparent access to global Forex markets.
- We fully understand the importance of keeping trading costs to a minimum, so you can realise greater profit.
- Additionally, Vantage FX’s traders can trade with the mobile versions of the MT4 and MT5 trading platforms.
- Then we had to provide details about our address and whether we’re a US resident for tax purposes.
- Vantage FX does not charge any commissions on the Standard STP account.
- The advantage of this account is the higher leverage you can trade with but you will need to prove you meet the eligibility requirements set by the FCA.
In the case of international bank transfers, you can withdraw free of cost once every month. After that, each time you will be charged 20 units of your base currency. The Vantage FX MT4 platform is available in an exceptionally large range of languages. Their Account management is moderated through MAM/PAMM service accounts.
Desktop Trading Platforms
Outside of these hours, we would sometimes run into a chatbot on live chat, or deal with a customer support representative who seemed less knowledgeable than their Australian counterparts.. If you’re located in Australia, the UK, or South Africa, your account will be regulated by your country’s regulatory body. Traders outside of the UK and Australia have more leverage, at the expense of their accounts being regulated by non-A-Grade regulators. The flexibility was great, as you can really practice trading the same size as when you open a live account and trade real funds. In case you are wondering how these commissions compare to other brokers, Ross Collins did an extensive comparison. We think you will agree that commissions with VantageFX are very good when you see our commission test results.
£0Depositfees*Other fees may be applicable
This process may take a few days but the whole account opening process is totally free. Vantage FX does not charge any internal fees for deposits or withdrawals. However, payments to and from overseas banking institutions may attract https://limefx.name/ intermediary transfer fees from either party independent of Vantage FX. From the above, we can see a mark-up spread of 0.8 pips to the average spread on Vantage FX’s Standard Account to cover the costs of trading the EUR/USD pair.
What is the benefit of trading with vantage fx?
This brings a whole new level of convenience to the entire trading process as traders can access their trading accounts and place trades on the go, as long as they are connected to the internet. The app requires Android 5.0 or later, while the iOS app requires iOS 9.0 or later. CFDs and Spread Bets are complex instruments limefx official site and come with a high risk of losing money rapidly due to leverage. 73.5% of retail investor accounts lose money when trading CFDs and Spread Bets with this provider. You should consider whether you understand how CFDs and Spread Bets work and whether you can afford to take the high risk of losing your money.
Despite what we have just said, their fine print does make it clear that their license allows them to offer a traditional dealing desk (aka market maker) when necessary. It isn’t suitable for everyone and, in the case of Professional clients, you could lose substantially more than your initial investment. Past performance is no indication of future performance and tax laws are subject to change. The information in this website is general in nature and doesn’t take into account your or your client’s personal objectives, financial circumstances, or needs.
Like, transferring money from Neteller or Skrill may cost a little from their fee policies. Also, if you are depositing through China Unionpay, you will be charged 1.30%-2.50% of the transferred amount. The Charting feature is quite impressive with 51 indicators and 31 drawing tools. You will have 7 fields on the watch list to add more versatility to your market knowledge. Vantage Group of companies is authorized and regulated in various jurisdictions. In this broker review, we will pay attention to the critical aspects of Vantage FX, which you may consider before deciding whether to trade with this online brokerage.