This includes a ‘refer a friend’ scheme, an active trade programme, a 50% deposit bonus, and a rebate scheme. The ‘refer a friend’ scheme is potentially lucrative and gives you the opportunity to earn a $150 bonus for every successful referral – this also gives them a $100 sign-up bonus. The active trader promotion offers users who open a Standard STP account funded by at least $10,000 the opportunity to earn bonuses based on their account activity.
- The Vantage platform is also good in its own right but if you change brokers down the line, you will need to learn another platform all over again.
- The spreads are from 0.0 pips and the commission is $3.00 per lot per side.
- The Myfxbook AutoTrade tool allows you to seamlessly integrate copy trading into your Vantage investment account by connecting you to a growing network of over 90,000 forex traders.
- However, according to customer feedback the email option has yielded mixed results.
- In addition, in this Vantage FX trading review, we discovered a deposit bonus offer.
Vantage FX Customer reviews
Despite providing all required documents, Vantage kept denying my withdrawal with delays and vague responses. I had to take proactive measures by getting in touch with a High forest capital team, who made sure to expose Vantage’s incompetence and lack of accountability. I was able to regain control of my finances, but if I hadn’t done this, they would have gone with my money. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.
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As you can see from the table above, the trading costs on the Raw and Pro accounts are lower than those on the Standard Account and lower than those of other brokers. Most other good brokers have an average trading cost of 9 USD per lot of EUR/USD traded. If you’re planning to trade forex for the first time, Vantage offers a free online course, explaining the forex market and how to analyse them. It even covers the importance of trading psychology, such as learning to accept losses and overcoming human issues like FOMO and greed. Within the Academy, you’ll also get recent market news and analysis published by the Vantage team.
Trading Spreads With Vantage Markets
The trading costs at Vantage depend on the type of account that you open with them. For the purposes of this Vantage review, we will focus on the standard account as this is likely to be the account that many of you will sign up with when creating a Vantage account. Safety should be your key focus when selecting the appropriate brokerage account.
Islamic Account Brokers
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Covering Forex platforms, trading apps, broker reviews, and all regulated online trading sites. Vantage FX, like most brokers, offers a variety of training and resources to its clients. Basic FX trading knowledge is available, as well as instructions for MT4 and MT5.
Vantage FX does not charge any commissions on the Standard STP account. While the account creation is swift (can be completed within 5 minutes), it may take up to 24 hours to get your trading account verified. Upon verifying https://traderoom.info/ your account, you will have to fund your account using any of the available payment methods before you can start trading. Trust and security are of vital importance no matter who you are trading with, or in which market.
Still, Vantage FX lacks a variety of in-house content besides its daily videos, compared to other forex brokers. It is packed full of features such as order management, custom watch lists, trading signals by Trading Central, alerts, news calendars, and more. Vantage FX offers a wide range of vantage fx review payment methods, while deposits are free, some withdrawal methods incur a fee. Vantage FX will appeal to traders who value low trading costs and use indicators to make trading decisions. Be aware that Vantage FX’s financial instruments are somewhat limited compared to other similar brokers.
Vantage MT4 users can gain access to thousands of EA’s from within the MT4 markets tab. There are reviews and statistics of these EA’s although it should be noted that past performance is by no means any guarantee at all of future results. Vantage have teamed up with MetaQuotes to provide you with free access to a large number of MT4 signals. These signals can be accessed from the signals tab in the MT4 terminal. The MT4 trading signals will send you an alert when there is a potential trade opportunity on a specific trading instrument. These signals can be copied directly onto your trading account although you should be aware of the risks when copying other traders’ signals.
Thankfully, Vantage FX offers safety features beyond what is required by law. Vantage FX provides an excellent level of customer service to traders around the world. Support is available firstly through a range of helpful FAQs that can provide the answer to many of your questions. Beyond that, you have a support team available in 5 different languages.
BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk. It is, therefore, unsuitable for those who lack proficiency and sufficient experience. The broker’s regulation by ASIC indicates a reputable broker that keeps to regulatory and ethical requirements. As a Tier 1 regulatory authority, ASIC also mandates that all client funds are kept fully segregated from the broker’s corporate accounts in client trust accounts at top-rated banks.
