Vantage FX is that the representative of Vantage Global Prime Pty Ltd the company was acknowledged in 2009 under the name of MXT Global before being rebranded in 2015.
|The head office||Sydney|
|Customer service||+44 2080 363 883|
|Type of support||Email, Phone, Chat|
|Languages||FR, EN, DE, IT, CN, ES, PT, IN, JP|
|Minimum deposit||200 USD|
|Deposit methods||Bank transfer, PayPal, Skrill, Neteller, Credit card|
|General note||4.8 / 5|
This is reflected within the firm being regulated in Australia via ASIC but also by the FCA within the united kingdom also like CIMA within the Cayman Islands Vantage FX Trading Platforms. The site uses mainly MetaTrader software giving users access to MT4 and MT5 also as Market trader We trader (which doesn’t require a download) Apps for mobile trading Zulu trading and My FX Book Auto trade.
Vantage FX 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. 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 if 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 wishing 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 current 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 fees 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 offers a vast 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.
The mobile app is out there across platforms There may be a stress on robot trading where trades are made automatically within predetermined parameters
Vantage FX Forex platforms
The new MT5 platform enables many of the favored automated trading tools and add-ons made possible by the MetaTrader community Trading are often accessed either wholly online or through the 24/7/365 support team getting to they’re going to be contacted by phone email or live chat Overall the situation is fast and fairly intuitive to use sink tabs give quick access to the numerous features and markets available Assets And Markets Traders on
Vantage FX CFD Trading
Vantage FX are able to access: Forex (38 currency pairs are available); 24 differing kinds of CFDs (trades which don’t involve currency); cryptocurrency trading (as a neighborhood of CFD); indices trading; and commodities trading Spreads
And Commission is in line with most of the other key players within the web trading industry when it involves spreads and commission rates the standard STP account doesn’t attract a commission but spreads are noticeably larger than those found within the Raw ECN account (commission-based) For the standard STP account an indicative spread of 14 (EUR/USD) is quoted For the Raw account the standard spread is quoted as just 0 but commission is payable Demo and Islamic accounts are also available
For Vantage FX leverage ratios start at 100:1 rising to a maximum of 500:1 Access to the upper levels of leverage is restricted with just a few clients and accounts being eligible Clients who wish to access higher levels of leverage need to apply on to Vantage Ratios are broadly in line with what others are offering within the industry but traders preferring a far better risk approach may find the 100:1 restriction constricting once during a while Mobile Apps.
The site gives users access to the official MetaTrader apps which are available in formats suitable for both Apple and Android devices The apps allow traders to place Forex trades and to determine real-time prices within the same way as they’re going to on a laptop or pc
Payment Options Vantage FX
Traders are able to edit pending orders through the app which is synced with a trader’s other platforms to form sure seamless activity Deposit And Withdrawal Payment Options Traders can deposit funds using: Mastercard;
Funds deposited via a credit or revolving credit will normally be visible within the account and ready to be used within sixty seconds Bank wire transfer or BPay deposits will normally reach the account the day after they’re deposited Withdrawals are often made either manually or online Withdrawals are processed daily In most cases if the withdrawal request is received before 1200 AEST the withdrawal will happen an equivalent working day
For requests received after now or if the number of requests is particularly high the withdrawal are going to be processed subsequent working day
For Australian clients the funds should normally be in their bank accounts by subsequent working day Overseas clients may have to attend several days for the cash to achieve their accounts Demo Account
A fully operation demo (practice) account option is out there for Forex trading Bonus Promotions offers free education that covers the next topics: learn Forex; webinars;
- MT4 manuals;
- MT5 manuals;
- MT4 videos;
MT4 smart trader videos additionally traders can benefit from: the site’s Forex signals via email feature; tips to boost the trading account; trading signals; expert advisors; free Forex VPS; economic calendar; 50% welcome bonus; MT4 indicators;
Forex sentiment indicators Regulation And Licensing
The company had a license from ASIC Australia’s regulatory agency for securities and investments But they have since allowed that license to lapse and are now regulated within the Cayman Islands Account Types Besides having the power to select between a dummy (practice) and a live account traders may open a personal standard or Raw ECN account Other account options include joint accounts