For this reason, a swap-free (aka Islamic) account is available provided you can prove your eligibility. If you’re located in Australia or the UK, it’s a no-brainer to take advantage of the limefx scam low commissions on the raw ECN account. Despite the fact VantageFX round their average spreads (we assume down, not up), we can say their spreads compare favourably to the industry average.
Additionally, Vantage also supports a number of electronic transfer methods, including Neteller, Skrill and FasaPay. Generally speaking, Vantage will not apply any additional fees, though this may depend on your bank. A full list of fees is readily available and easily accessed via the homepage – simply click on the payment options icon at the bottom right-hand corner of the homepage. In our experience, both deposits and withdrawals to the platform are processed quickly with minimal delay.
One of the areas where Vantage really excels is in the various trading platforms it makes available to you. In addition to the MetaTrader 4 and MetaTrader 5 platforms, which have basically become industry standard by now, Vantage also gives you access to https://limefx.club/ a proprietary Vantage App and a WebTrader app. It should also be noted that both the MetaTrader 4 and MetaTrader 5 platforms come with mobile versions of the desktop app, which allows you to monitor your trading account and to execute trades on the go.
- Those who are interested in statistics will want to know that Vantage FX is stable at 99.99 percent of MT4 uptime and has improved the execution speed by 78 percent.
- Read our full explanation and accounting of our research and testing process to learn more about how we test.
- In terms of educational and research support, Vantage FX offers a decent range of resources for traders, but it may not be as comprehensive as some other forex brokers in the industry.
- As a member of The Financial Commission, Vantage Markets is a party to the Compensation Fund, which serves as insurance for its clients.
- Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money.
If you have any previous experience of similar trading platforms, then using it shouldn’t be too much of an issue. The website itself is well laid out, and a useful search bar allows you to pull up any information you might be searching for in an instant. The trading experience via the MetaTrader 4 and MetaTrader 5 platforms is very much what you have come to expect. The MetaTrader 5 platform in particular has really been streamlined with this latest update.
Trading Platform
While we haven’t tested the spreads with this account, Ross Collins, our chief researcher tested the spreads with for standard account for 20 other MT4 brokers. Since this account uses micro-lots rather than standard lots for trading, your required capital (and therefore risk) is far lower. With this in mind, we think this account is a good alternative to a demo account if you want to practice trading with real cash rather than virtual cash. VantageFX like many brokers, provide their average spreads on their website.
What can you trade on Vantage FX?
It is available as a mobile app that is compatible with Android and iOS devices and can be downloaded from the respective app stores. It also offers its own proprietary Vantage app, which – despite the added distraction of in-app ads – shows real promise as a trading platform. If you’re facing withdrawal problems with Vantage, you can contact their customer support team for assistance.
Trading Platforms
Those who opt for ECN trading can take advantage of automated trading, including Expert Advisors. There is also the previously mentioned free forex VPS, so you can ensure your MT4 platform runs 24/7. The program is transparent, showing your earned rebates that you can then withdraw or trade whenever you want. To take advantage of the rebate program, you should deposit a minimum of $1,000, which will let you earn as much as 10 percent of the deposit back via rebates.
Broker Trust and Safety
For the purposes of this example, we will be looking at how to place a forex trade through the MetaTrader 5 integration you can find on the Vantage platform. After you have provided Vantage FX with your personal information you will be asked a series of questions related to your employment status, income, and general financial wellbeing. These questions are required for compliance with anti-money laundering legislation requirements. Vantage FX will require some basic information from you in order to process your account application. This will include basic identification documents such as a passport or ID card.
To ensure clients always have the best possible liquidity, Vantage FX has 14 different liquidity partners. Vantage FX is primarily regulated by the Australian Securities and Investments Commission (ASIC) and the Cayman Islands Monetary Authority (CIMA). However, they do accept clients from the UK and other countries, subject to certain regulatory restrictions and requirements. Your financial security is of paramount importance to us, and we fervently endorse the exercise of due diligence and seeking professional guidance when making investment decisions.
As one of the leading CFD forex brokers, Vantage FX’s remit is to offer low-cost forex trading, with 24-hour access to the currency markets. 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. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). 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. Couldn’t access my trading platform, contacted support and all I ever got back was we are dealing with your request.