If you need a high level of leverage and want to trade tight spreads, you should switch now or open your first trading account. To allow a final verdict, the support and service for traders must also be tested. I would also like you to close positions internally by phone or chat in emergency situations. Vantage Markets offers comprehensive support via phone, chat, or email. On weekdays, support is available 24 hours a day at the regular market opening hours. Vantage Financial Trust claims to be regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines.
Check out the current account balance requirements at Vantage in our What is the minimum account balance at Vantage article. Is Vantage legit features all the key aspects you need to look at to see if a broker is safe and legit. If the balance on your account goes into negative, you will be protected. You should note that if your provider is Vantage Global Limited (Vanuatu) it is at Vantage’s discretion whether they credit your account with the amount of the negative balance. You cannot set alerts and notifications on the Vantage mobile platform.
- Click here to see which free stock trading apps are the best.
- Short introductory videos for beginners are interspersed with longer videos that cover advanced forex and CFD concepts in a variety of markets, including cryptocurrencies.
- Vantage also does not have actual cryptocurrencies; however, the company provides CFD contracts for popular cryptocurrencies for trading.
- The world’s most popular trading platform, MT4 is arguably the centerpiece of the Vantage offer.
Like many other brokers, Vantage Markets offers MetaTrader 4 and 5 as trading platforms. The MetaTrader has already been tested many times and is highly developed. Our tests and experiences confirm this because we like to use the MetaTrader ourselves.
Most brokers have this function (e.g. via fingerprints or FaceID) to save you from having to type in your password every time, making it a convenient feature. These are branded Analyst Views, and are categorized by asset classes and broken down into subcategories. Check out the ‘Featured Ideas’ section for additional tips and charts on major currency pairs and individual stocks. The technical analysis, located under Market Widgets, covers all asset types offered by Vantage. For a comprehensive comparison of forex fees charged by various brokers, use BrokerChooser’s FX fee calculator.
In the following section, we will guide you through the depot opening. After entering your personal data, the email address must https://limefx.name/ be confirmed. In addition, the broker asks you to verify the account with appropriate documents before the first deposit.
- Vantage Markets provides 24/5 customer support to its clients.
- To do so, upload a photo of proof of identity and proof of residence.
- You will find the desktop, web-trader and mobile trading apps.
- Originally developed in 2009 for an Australian audience, Vantage FX has expanded significantly in the past decade-plus and now enjoys an international user base of over 50,000 traders.
- Vantage accepts customers from all over the world with some notable exceptions, like the US.
Vantage Markets is an international broker for Forex (currency pairs) and CFDs (Contracts for Difference). The company has existed since 2009 and knows exactly how to respond to the wishes of its customers. The broker is mainly based in Level 29, 31 Market Street, Sydney NSW 2000, Australia, and accepts traders from almost every country. But they also got business addresses in the Cayman Islands and Vanuatu. From direct email to an 800 telephone number, they offer different methods of getting help.
Originally developed in 2009 for an Australian audience, Vantage FX has expanded significantly in the past decade-plus and now enjoys an international user base of over 50,000 traders. (Nevertheless, clients in many countries, including the United States, cannot use Vantage FX; see the exclusion list below). Vantage Markets provides 24/5 customer support to its clients. Do you know what red flag to look out for before taking the plunge and signing up to the platform? It is important to know your funds are safe and you are trading on a platform you can trust because even someone who has been trading for twenty years can fall victim to a scam.
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With its Vantage App, Vantage has created a respectable foundation for a new mobile trading application. Vantage lists typical spreads of 1.22 pip on the EUR/USD (for the month of August 2021) for its spread-only Standard account, which is compared to raw accounts. The average spreads for its Raw account during the same time period were 0.15 pip ($3 per side plus $6 per round turn), for a total of 0.75 pip. We can say that it is a suitable broker for beginner traders or for those who want to trade with relatively small amounts of money. Its trading partners (Zulutrade and ChartIQ) also provide variety and added value to traders.
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Traders can edit pending orders through the app, which syncs with other platforms to ensure smooth activity. There is an emphasis on automated trading, where market operations are carried out automatically using programmed trading algorithms. In the following guide we explain how to open a demo account at this broker.
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By the Financial Conduct Authority (FCA) under Vantage Global Prime LLP, for institutional clients. Vantage also has an entity that holds regulatory status with the Cayman Islands Monetary Authority (CIMA), and by the Vanuatu Financial Services Commission (VFSC) in Vanuatu. While the broker’s research and educational offerings continue to expand, Vantage has a ways to go if it wants to compete with the best brokers in those categories.
Vantage FX – A Well Regulated and Secure Broker
There are various platforms to choose from at Vantage, including MetaTrader’s MT4 and MT5. An account type also must be set during the onboarding process, with STP and ECN options in standard and ‘swap free’ format. When it comes to trading platforms, the diversity of Vantage ‘s offer is unparalleled.
Overall, Vantage Markets offers a very high level of security. The broker is regulated by the Australian regulator ASIC, the Cayman Islands Monetary Authority CIMA, and is audited by KPMG (auditing firm). If you have been scammed by Vantage Financial Trust or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.
You must deposit at least $ 500 for the RAW ECN account and at least $ 20,000 for the PRO ECN account. The capitalization of the trading scammed by limefx account is elementary and works through proven methods. The account opening process is straightforward with Vantage Markets.
However, international customers will be trading with their Vanuatu or Cayman Islands branch. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes.
The broker is an actual ECN broker (see Liquidity Provider) and only earns on the spread and paid trades commissions. This document contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of performance and the Company’s actual results could differ materially from those contained in such statements.
We are not responsible for any action you undertake which results in financial or other types of loss. Therefore you should take all precautions necessary to ensure the suitability, appropriateness and adequacy against your own circumstances. We further recommend that you should seek professional financial independent advice before you obtain any of the services or products referred to within this Website. Now, let’s dive into the details and see what commissions, spreads, and financing rates Vantage charges. Our brokerage experts compiled a list of the best online brokers based on extensive research and testing with real money. Vantage has no withdrawal fees for credit/debit cards and electronic wallets.