After getting registered, you will need to submit a copy of your ID and documents that proves your residency. The broker has in place regulation from several well-respected regulatory https://traderoom.info/ bodies around the world. These include oversight from ASIC in Australia, the FCA in the UK, and offshore from the CIMA in the Cayman Islands, and VFSC in Vanuatu.
Security and Money Guarantees
A Standard STP account with Vantage FX offers commission-free trading, with competitive spreads starting from 1.0 pip. Minimum trade sizes start from just 0.01 lots, with minimum deposits also set at just £50 which appeals greatly to novice traders. Vantage FX is a multi-asset online broker, offering contracts for difference (CFDs) trading across a host of assets, with a strong focus on the forex markets.
Accounts and product range
The Dow Jones is also only available in 1.0 contracts with a 1 USD / point contract size. When the index reaches 26,000 points, the holdings become too huge for tiny accounts to handle. There are lower-cost brokers for the DAX and, in particular, Dow Jones.
Is Vantage FX regulated in uk?
Those who join Vantage FX face the option to trade with hard commodities such as natural sources of energy and precious metals, both of which boast a very high economic value. Such commodities are considered a haven for investors and traders alike, especially during periods of difficult economic conditions. Other than that, Vantage FX is the trading name of the Vantage International Group Limited. For customers based in the United Kingdom, the broker is authorized and overseen by the UK Financial Conduct Authority (FCA).
Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. A last step in the account opening process required that we upload a picture of our driver’s license, as well as a proof of address document. Up next, we had to share some basic details regarding our trading history and experience. Next, we had to share details of our employment status and financial position.
Conclusion: Is Vantage FX the Right Broker for You?
The Active Trader Program provides new and existing clients with a cash rebate when they meet the minimum deposit requirement. With the Vantage FX Forex Rebate Program, clients receive rebates daily in the form of cash that is instantly sent to their MT4 trading account. This program applies to Standard STP Accounts and makes it possible to receive $2.00 AUD for every standard FX lot. We put the account through its paces with a few dozen trades over the course of two weeks. We contacted customer care via live chat and email during this time. In the German nighttime hours, the response time in the live chat is likewise very quick.
Vantage FX initiates a margin call if the account balance falls below 80% of the minimum margin. All positions will automatically close when the percentage reaches 50%. Throughout our several-week test period, we conducted spot checks to ensure that the quoted spreads were accurate. As you can see above, this trade window also affords you the opportunity to set your stop-loss order.
Such additional payment responsibilities may nevertheless exist in extreme instances, particularly in positions maintained overnight or over the weekend. We received an automated email from the account manager assigned to us shortly after the account was opened but before the first deposit. To start an account with the raw spread account, only EUR 500 is required. Asktraders is a free website that is supported by our advertising partners.
Vantage gives users instant access to deep liquidity on the live currency markets across over 40 currency pairs. While quite limited when it comes to the more exotic currency pairs, all of the major currency pairs that you could hope to trade are covered. Generally speaking, the spreads on offer https://traderoom.info/an-overview-vantage-fx/ are very competitive and trades are executed incredibly quickly. Vantage is a no-dealing desk trader and offers STP and ECN forex trading accounts. Regardless of account type, Vantage FX clients get access to MetaTrader 4, MetaTrader 5, WebTrader, and mobile apps for trading platforms.
With a forex broker, this is also the case and an area that Vantage FX clearly treats as a top priority to ensure you the best possible trading environment. We may receive compensation when you click on links to products we review. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for.
Vantage offer MT4 web trader which allows you to run the platform in most popular web browsers without needing to download or install any additional software. This is good for accessing the platform on any device, even if it is not your own. The web trader keeps the same intuitive interface and majority of functions as the desktop platform. Vantage offer trading services to clients from most countries excluding residents of certain jurisdictions such as the United States, North Korea and some other regions.
- This means you can practise any trading strategy to your heart’s content on a demo account until you’re ready to trade with real money.
- The trading experience via the MetaTrader 4 and MetaTrader 5 platforms is very much what you have come to expect.
- To make your first trade, you first need to determine which asset you will trade.
- Vantage currently offers CFD trading across forex pairs, indices, commodities, metals, energies and US/UK/HK/EU/AU shares.
- Unfortunately, Vantage do not currently provide cTrader but you can get it from Purple Trading if it is a platform that you are familiar with and would like to use.
In simple terms, this all means that you get an industry leading trading environment that is capable of handling small and large volumes without compromise. This is fanastic if you are a scalper who needs the lowest possible spreads at all times. Vantage Markets (or Vantage) is an award-winning multi-asset broker offering clients access to trade CFDs on Forex, Commodities, Indices, Shares, ETFs, and Bonds. With over 13 years of market experience and regulated in multiple jurisdictions, Vantage provides a trusted trading ecosystem that empowers clients to seize trading opportunities. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.
All information contained herein should be independently verified and confirmed. We do not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services. Please be aware of the risks involved with any trading done in any financial market. When in doubt, you should consult a qualified financial advisor before making any investment decisions.