With the binary option part of the deal now gone, the brokerage has taken on an entirely different, much more serious appearance, and indeed, its reputation has taken a turn for the better as well. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn’t imply direct instructions for investing. Luckily, Vantage FX isn’t the only broker out there, and there are many brokers to check out if it doesn’t work for you. However, the platform lacks real stocks and the limited number of assets available deprives investors from diversifying their portfolios the way they want to.
However, you should check the broker’s page for allowed countries, as it doesn’t support traders from specific locations. For example, it doesn’t accept US or Canadian clients according to the US CTFC. Traders can also apply for a non-expiring demo solution by contacting customer support via email. Vantage FX platforms are open for trading 24/7, so weekend access is available.
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. This way, the risk of fraudulent behavior by the brokerage is kept at a minimum. Regardless of the account type traders choose, they can be sure of the competitiveness and complete pricing transparency. With a minimum trading size of just 0.01 lot per trade, 1,000+ assets to choose from, and a variety of base account currencies, Vantage offers excellent trading conditions. When checking several broker-rating-websites a lot of complaints come because withdrawals were denied, rumors about vantage being/going to be bankrupt, closure of profitable accounts.
In volatile products like cryptocurrencies, the margins can rise as high as 50%. ✅ Recommended for active traders and those seeking competitive pricing and fast execution. Vantage FX does not charge any internal fees for deposits or https://lunarcapital.net/ withdrawals. However, payments to and from overseas banking institutions may attract intermediary transfer fees from either party independent of Vantage FX.
Compare Vantage with other approved brokers
It operates in 30 locations and is available in 172, so you’ve got your trading needs covered wherever you go. As we wind up our review of Vantage FX, one of the best Australian CFD brokers operating since 2009, here is a summary of our study. You will need to provide a government-issued ID (such as a passport or driver’s license) and a proof of residence document (like a utility bill or bank statement) to verify your account.
It also offers competitive spreads and commissions on different account types but there are trading restrictions on clients from different countries like the US and Canada. Our detailed LunarCapital review will tell you more about this platform. IC Markets is a legit broker that offers competitive spreads and pricing for all its account types. However, it has a limited product offering and protection doesn’t include traders outside the EU. You can learn more about this platform from our detailed IC Markets review. Beginning with the positives, the top CFD broker is one of the safest in the industry, authorized and regulated by multiple tier-I watchdogs.
Professional and swap-free accounts are also available for qualifying customers. Overall, these account options allow traders of all experience levels to pick the one that aligns with their preferences and trading style. Since 2011, FX Empire has developed a detailed methodology for evaluating CFD brokers, involving over 250 variables across nine crucial categories. Our team of experts, with deep industry knowledge, conducts live testing and research by interacting with the brokers directly. We check regulations, open accounts, test spreads, account costs, platform functionality, instrument variety, customer support reliability, and the quality of research and educational content. This granular analysis helps us identify each broker’s strengths and weaknesses, keeping our comparisons current with market trends and ensuring our guides meet traders’ needs.
Founded in 2009, Vantage is indeed a major brokerage agency based in Australia, operating in one of the most stringent regulatory jurisdictions and prosperous. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site. Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. However, it might take some time before you receive a reply to your email.
BlackBull Markets is a reliable and well-respected trading platform that provides its customers with high-quality access to a wide range of asset groups. The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following. The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners. The ProTrader platform links up with the highly regarded TradingView platform. The account number needed to access this dashboard is emailed to new users who, once logged in, can take advantage of a range of powerful software tools and indicators.
- Read our full explanation and accounting of our research and testing process to learn more about how we test.
- The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners.
- The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation or individual needs.
- But he will trade aggressively open tons of trades which goes against your favour.
- It provides unlimited access to the best trading strategies and practices to help you become a better investor.
Vantage is a strong choice for traders looking to diversify their market exposure. Clients can trade CFDs, forex, ETFs, and futures contracts, giving them multiple ways to access and manage different market segments. The broker also integrates research tools from Autochartist and Trading Central, helping traders stay informed on current market trends and developments. Nevertheless, the platform doesn’t charge withdrawal fees, which makes it more appealing compared to other brokers that might take a big cut of your profits.
Forex Trading Platform Review
A standout feature is its offering of 1,045 share CFDs, along with an additional 116 popular share CFDs available for trading 24 hours a day, five days a week (24/5). The broker also offers a selection of lower-risk ETFs, well-suited for hedging and portfolio diversification. Vantage offers access to over 1,000 instruments, including a mix of lower-risk securities and higher-yield assets for diversified trading. The selection includes currency pairs, commodities, share CFDs, indices, cryptocurrencies, futures, bonds, and ETFs. A significant portion of the offering consists of nearly 800 share CFDs, which can be traded with below-average fees.
The multi-regulated CFD broker with 180+ products
I remember one time when I ran into one investor who was just using Vantage FX for the first time and he was impressed with their ECN conditions. I met him six months later at a trading conference, and he was still satisfied but maybe not as impressed as he used to be. For general inquiries, you can check the help center, contact live chat, or send an email to email protected. There’s also a dedicated email for complaints and another for affiliate programs. With Vantage FX, you can start copy trading as low as $50, and if the seasoned investors profit, you’ll profit too. When you’re comparing various brokers, you want to focus on the benefits of using each one.
- Email responses were satisfactory, typically arriving within one business day.
- Vantage FX platforms are open for trading 24/7, so weekend access is available.
- Vantage has built a decent foundation for a new mobile trading application with its Vantage App.
- Vantage FX provides social copy trading through ZuluTrade, MyFXBook Autotrade and DupliTrade.
ECN brokers pass your orders to a pool of liquidity providers who compete for the best bid/ask spreads. A market maker, on the other hand, does not match your trade and takes the opposing position, which does not generally align with traders’ interests. A 10% forex rebate bonus is also available if you deposit a minimum of £1,000 with the STP account. Vantage FX also runs referral programs and active trader rewards which can help reduce costs and maximise profits. For high-volume traders, Vantage provides volume-based rebates, lowering trading costs for active traders.
Vantage Overnight Funding Costs
The online module is handy for beginners trying to get hands-on the basics of the forex markets. Additionally, Vantage provides a comprehensive help center, covering frequently asked questions, account setup guides, and platform troubleshooting. The broker also maintains an active presence on social media and trading forums, engaging with the community and addressing concerns. So, the Pro ECN Account is the cheapest of the three accounts, which is why it is offered to high-volume traders. The table below provides information on Vantage’s swap rates for several popular Forex pairs.
Vantage Promotions
In addition to Vantage’s spreads and commissions, traders must be familiar with the broker’s overnight funding costs. They are also known as swap rates or the rollover interest rate for keeping positions active overnight. They handle withdrawals and deposits quickly and are transparent and fair with spreads and other trading services.
Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice. Please consider contacting a professional advisor if you require any financial assistance. 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. Below, you can check out the trading costs for several popular currency pairs with the Standard STP account of Vantage, which uses a 0-commission pricing model.
