Vantage FX Review: Is it Best for Long-Term Traders?
Vantage is a global Forex broker with branches in three countries and a headquarters in Australia. They just updated their logo and website and their mobile trading applications, as you can see.
They are registered and regulated by ASIC in Australia and the FCA in the United Kingdom. On the other hand, international customers will transact with their Vanuatu or Cayman Islands branches. Vantage is safe since its control is by top-tier regulators like ASIC and the Financial Conduct Authority.
Through its MetaTrader platform suite, WebTrader, and unique mobile app, Vantage FX provides clients with quick access to the worldwide forex market and share CFDs. Indices, commodities, and cryptocurrency are among the other investing tools available.
However, in terms of research, instructional materials, and mobile app capacity, the organization currently lags behind other important industry players. Let’s take a detailed look at what Vantage FX is about and its offerings!
Vantage FX Review: What Is Vantage?
Vantage (previously known as VantageFX) offers investors and day traders the choice of using the conventional MetaTrader 4 or the sophisticated new MetaTrader 5 (MT5) trading platform, according to our evaluation. The desktop, web-trader, and smartphone trading programs are all available. They provide a variety of managed accounts, automated trading, and signal options. Service providers such as Duplitrade, ZuluTrade, and Myfxbook provide social trading.
Depending on your needs, you can trade with ECN or STP execution at Vantage, and the fees and spreads will alter appropriately. The leverage available is up to 500:1.
Three account types are available, with a $200 minimum deposit for a standard trading account. The minimum deposit for their Raw ECN account is $500, and the spreads are 0.0. You may technically fund your trading account with merely $50. With a Free Demo account, you may begin practicing trading right now.
The business is a proponent of financial market transparency. Regrettably, this cannot be stated of all brokers, and it is pretty tricky to spot, even for a novice. Transparent order execution and liquidity delivery are Vantage FX’s strengths. It’s one of the few honest ECN brokers on the market. This indicates that the broker links to a significant liquidity provider network that accepts the traders’ orders. The liquidity suppliers are evident on the web page—large, well-known banks (HSBC, Bank of America, UBS, and more).
How does Vantage FX work?
Vantage is a registered FX and CFDs broker who provides regular and institutional traders with global financial markets. Trade execution is lightning quick because of its portfolio of trading platforms.
The combination of speed and an interbank-grade Raw ECN spread delivers the much-needed institutional trading experience that most traders want in a broker. You may trade indices, commodities, and cryptocurrencies in addition to currency and stock CFDs.
The Vantage Group has a subsidiary called Vantage. Vantage International Group Limited (VIG), Vantage Global Limited, Vantage Global Prime Pty Ltd, and Vantage Global Prime LLP are the firms that make up the Vantage Group.
Different countries have allowed and regulated these businesses. The Vantage FX brand is regulated in two tier-1 jurisdictions and one tier-3 country, making it a low-risk (average-risk) forex and CFDs broker.
Apart from the whole MetaTrader suite, which includes the Smart Trader add-ons, the Australian business does not provide any social-copy trading platforms. At the same time, the Trading Central-powered Pro Trader Tools need a $1,000 deposit. Vantage remains one of the Best MetaTrader Brokers in 2021 and one of the Best Copy Trading Brokers.
Vantage FX offers over 180 distinct markets in total. Forex (currency), indexes (Dax, SP500, etc. ), commodities, precious metals, energy, and cryptocurrencies are all examples of these. The variety is comprehensive, and any trader should locate the right asset to trade. The broker continually works to grow its product line and introduce new markets.
What are the Features of the Vantage FX platform?
Let’s get right into the features!
Mobile Trading
Vantage has two mobile applications: its Vantage App and the MetaTrader platform package. As a largely MetaTrader-only broker, the developer includes iOS and Android versions of the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) apps as standard.
Vantage app
The Vantage app, available for Android and iOS devices, provides a solid platform for new mobile trading software. However, it is still a long way behind competitors such as IG, FOREX.com, and Saxo Bank’s dedicated mobile apps.
Only five-time periods, one chart style, and a few indicators and overlays are available in charting. On the positive side, pressing the chart brings it up in full-screen landscape format, which is a great touch.
Integrated features
The numerous adverts in the Vantage app were a distraction from the trading experience. When utilizing a mobile trading app, I like to eliminate advertisements. Otherwise, Vantage has successfully combined Signals and Trading Central-powered TV.
Education
Overall, Vantage does not provide a full set of trading-related teaching materials. Vantage is at a disadvantage in this category compared to brokers like CMC Markets or City Index because of the lack of diversity of written instructional resources.
Pro Trader videos
Vantage offers a collection of over 130 films as part of its Pro Trader videos, in addition to platform education for MetaTrader and similar platforms. A short introductory video for beginners to lengthier advanced topics in forex and CFD trading across many markets, including cryptocurrencies, are included in the content. Many of Trading Central’s videos were beneficial to me.
Vantage’s daily market updates on its YouTube channel are of reasonable quality. They are heavily templated, with pre-recorded segments that appear in each video. Meanwhile, films from Trading Central are tucked away in the client portal’s trading tools area, helping to balance Vantage’s video offering with more interesting information.
Research
Vantage’s research is mostly sourced from third-party information suppliers like Trading Central. A basic economic calendar and client mood statistics are also available from the broker. Even yet, compared to the top forex brokers for research like IG, Saxo Bank, and CMC Markets, Vantage lacks a range of in-house information aside from its daily videos.
Client Portal
The Trading Central-powered Pro Trader Tools package, available to clients who have deposited at least $1,000, is not incorporated into the trading platform.
Traders searching for trading signals and actionable ideas should look at the Featured Ideas, whereas the Analyst Views are more templated data powered by automation.
Future Enhancements
The extent of Vantage’s research resources continues to grow. On the other hand, Vantage should completely integrate trading and research into its customer portals and trading platforms. You might also improve Vantage’s service by expanding the breadth of in-house content.
Platforms and Tools
Vantage sets itself apart from other MetaTrader-only brokers by providing a wide choice of extra add-ons and third-party platforms and tools compatible with MetaTrader. Consequently, in our top MetaTrader brokers category in 2021, Vantage came in sixth place as Best in Class.
MT4 add-ons
Vantage provides FX Blue LLP’s SmartTrader Tools as a suite of platform add-ons for MT4. Vantage’s MetaTrader offering is rounded out with currency news headlines from FxWire Pro and Reuters. Vantage is primarily a MetaTrader broker, with the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms available on both the desktop and online.
Copy-trading
Vantage offers three platforms for social copy-trading in addition to MetaTrader. ZuluTrade, DupliTrade, and Myfxbook AutoTrade are the three auto trading platforms.
Effective Login process
Unlike the web or desktop trading platforms, Vantage’s mobile trading platform has a two-step authentication process, which gives us more confidence in using it. Fingerprint or Face ID authentication is not available. The login procedure would be more convenient if these functionalities were available.
Vantage Security
Vantage offers you the greatest degree of transparency when safeguarding your funds during or after trading. It is approved and regulated by the Australian Securities and Investments Commission (ASIC) and the Cayman Islands Monetary Authority (CIMA) through National Australia Bank.
All customer funding is kept separate from the company’s in a segregated account with one of Australia’s top-tier banks. In addition, like other trading applications, the mobile app has a two-factor authentication function for further protection.
Clients can mimic the methods and tactics used by pros and successful traders by collaborating with social trading platforms such as ZuluTrade, DupliTrade, and Myfxbook.
As a result, they may replicate these pros’ techniques on their Vantage MT4 and MT5 accounts by following their processes or automatically copying or duplicating their ideas. It makes sense to copy or duplicate trade techniques from the best traders since it allows you to spread your trading risk over numerous systems. As a result, your earning potential is maximized.
Vantage FX Pricing and Plan?
Let’s talk about the pricing plan in detail!
Deposit fees and options
There is no deposit cost with Vantage. Even though deposits are free, there are a few exceptions. Deposits made using China Union Pay. You have to pay 1.30 percent -2.50 percent of the transfer amount. In contrast, deposits made via Neteller and Skrill will charge according to their fee policy, and broker-to-broker transactions will be charged bank transfer costs.
Vantage FX Withdrawal Fees
Withdrawal costs at Vantage FX vary based on the mode of payment you choose. Withdrawal limitations vary per broker and regulate how you may get money out of your trading account.
This is due to the reason that each brokerage firm will have different withdrawal alternatives. Each payment provider may have various transfer processing fees, varied processing times, and a currency translation fee. Conversion fees are determined by your base currency, receiving currency, and a payment provider.
Inactivity Fees at Vantage FX
Inactive accounts are charged a fee by Vantage FX. An account inactivity fee is payable to the registered brokerage customer.
As part of the account’s terms and conditions, brokers may demand clients to achieve specific trading activity standards The broker may levy an inactivity fee if a client’s trading account is dormant for a period of time defined by the broker.
Inactivity fines apply to online trading accounts as well. Many financial service companies may charge inactivity charges. Would you please go over the broker’s website to make sure you’re aware of and happy with all of the services and prices you’ll be paying?
Contact the broker’s customer support if you no longer use your trading account. Also, make certain you have documentation that any outstanding costs are not owed to you.
Vantage FX Commission Fees
On CFD instruments, Vantage FX charges a commission. A broker may charge a commission fee as a service fee for allowing you to buy and sell financial assets through your trading account. Most of a brokerage’s revenue may come from commission fees charged to registered traders on client transactions through your trading account.
Commission rates vary based on the style of trade, the type of financial instrument, and the size of your trading account. If the brokerage fulfills, cancels, or adjusts an order on your behalf, you will be charged a brokerage commission.
If your brokerage fails to complete a market order, you will normally not be charged a fee. Be advised that your brokerage may impose a commission fee if your transaction is amended or canceled.
Who is Vantage FX Best For?
Vantage FX is one of the greatest forex brokers on the planet. Beginners and skilled users may both find this firm appealing. The service is especially suggested for traders who deal in a transparent and safe environment. The broker provides you with all of the tools you’ll need to conduct professional trading.
According to our experience, the only negative is the language barrier in English while using the assistance. Vantage FX is a reliable and trustworthy broker that provides international traders with a large and advantageous trading offer.
- Traders with a modest to high number of trades
- Traders who are looking for top-tier liquidity
- New to the financial industry need to get their feet wet. Traders that are intermediate or advanced but only have a limited quantity of capital
- Who are Muslim
- Swing traders, scalpers, and long-term traders
Vantage FX Pros and Cons
Let’s talk about the pros and cons!
Pros
- Seamless withdrawal and opening
- Low forex trading fees
- Practical investment advice for trading CFDs
- Risk warning and fast account opening
Cons
- Provides protection only in the UK
- A limited selection of products
Vantage FX User Experience
The MetaTrader trading suite is compatible with the Vantage FX web trading platform. Because of their fully adjustable designs and accessible interfaces, both the MT4 and MT5 trading platforms are popular among all sorts of traders. There are also hundreds more languages to pick from, including Chinese and English.
All tradable assets are grouped into appropriate categories in terms of search functionality. However, there is no search box to search for an instrument manually. The MT4 web trading platform, on the other hand, has a simplified and straightforward feel to it. Basic order kinds such as Stop Loss and Take Profit are also available.
As previously said, inexperienced traders may use the demo account, which provides up to $100,000 in virtual cash. This means you may trade in a simulated trading environment based on real-world market circumstances without risking any of your own money.
Additionally, you can use the following supported platforms to include social trading into your trading strategy:
- DupliTrade
- ZuluTrade
- MyFXBook Autotrade
- The platform’s users gain from
- Multilingual assistance
- English, French, Chinese, Korean, Japanese, Thai, Vietnamese, Spanish, Portuguese, Arabic, German, and Indonesian are available to users.
- Authentication in two steps
- Vantage offers a two-step login permission for the mobile trading platform for enhanced security.
- Trading techniques based on social media
- Users may access services like copy trading thanks to Vantage’s collaboration with several social trading platforms, including ZuluTrade, Myfxbook, MetaTrader Signals, and DupliTrade.
- Protection from negative balance.
- Negative balance protection is available to users. This implies that consumers will be safeguarded if their account balance falls below zero.
Vantage FX vs. Competitors
1. Vantage FX vs. Avatrade
The Vantage app, available for Android and iOS devices, provides a solid platform for new mobile trading software. However, AvaTrade includes premium tradable instruments, including commodities, Forex, indices, and other cryptocurrencies for manual and automated trading for different devices.
Vantage offers three platforms for social copy-trading in addition to MetaTrader. Besides this, AvaTrade includes a wide range of complex instruments with new traders to open accounts, and the broker includes dedicated research and educational options that help them up significantly.
Vantage offers a collection of over 130 films as part of its Pro Trader videos, in addition to platform education for MetaTrader and similar platforms. Besides this, AvaTrade is beneficial for novice investors seeking a basic understanding of CFD trading. Avatrade has stopped the trading platforms like mirror trader and Robox.
2. Vantage FX vs. FXCC
Vantage offers you the greatest degree of transparency when safeguarding your funds during or after trading. However, FXCC offers forex traders to trade on Forex and silver and gold, indices on trusted MetaTrader 4., available as web or download solution.
Besides this, Vantage offers a collection of over 130 films as part of its Pro Trader videos, in addition to platform education for MetaTrader and similar platforms. FXCC follows the STP/ECN model; it offers a competitive price and execution without re-quotes or intervention.
Furthermore, Vantage provides clients with frictionless access to trade forex, share CFDs, and other financial products in the market through its trading platforms. FCXX provides MT4 to every client accessible on various gadgets and major web browsers.
The Vantage FX brand is regulated in two tier-1 jurisdictions and one tier-3 country, making it a low-risk (average-risk) forex and CFDs broker. FXCC platform has many advanced features for trading. FXCC also provides users to leverage. It can make multiple the initial accounts balance.
Conclusion: Is Vantage FX really the Best for Long-Term Traders?
Vantage sets itself apart from other MetaTrader brokers by providing extra platforms from Zulutrade and DupliTrade, as well as its mobile app.
While Vantage’s research and educational offerings are growing, it still has a long way to go to catch up to the finest brokers in this area. Offering a greater range of in-house textual content, for example, would assist in balancing its offering, which is now dominated by third-party assets, including video.
Vantage provides clients with frictionless access to trade forex, share CFDs, and other financial products in the worldwide market through its trading platforms.
There are no inactivity fees and few to no account fees the broker charges. Its social trading networks, which allow for trade-copying, are also a plus. That’s what you need to know before choosing a Vantage FX account.
Vantage FX FAQs
Is Vantage Safe and Legit?
The Vantage FX trading platform is one of the safest accounts for forex and CFD traders. Besides this, it offers Vantage clients effective trading costs within the currency pairs. Vantage FX account is regulated by Vanuatu Financial Services Commission (VFSC) and the Australian Securities and Investments Commission.
Vantage FX accounts are incredibly safe and regulated from different mobile trading apps for trading forex to taking care of asset classes.
Is Vantage safe for a bank account?
Here’s a big YES! Vantage is considered safe with an initial investment and a fully regulated environment. CFDs are highly complex and have a high risk of losing money rapidly, mainly due to leverage? More than half of the retail investor accounts lose money when trading CFDs. Therefore, Vantage is relatively safe for bank accounts.
What is a raw ecn account?
An Electronic Commissions Network account is genuinely a pure order-matching execution. The account provider will charge a commission on each trade rather than artificially inflating the raw spread. That’s what naturally occurs within the process.
