Deposits for all payment methods are free, although clients will have to absorb the fees charged by their various banking institutions. All withdrawal requests are processed Monday to Friday, 9 am – 7 pm (AEST), within one business day. Clients can withdraw funds online by simply logging into the secure Vantage client portal and selecting the withdraw tab from the menu.

An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. My tests have shown that trading fees at Vantage are fairly competitive but not the lowest I have seen. The ECN account is a good option for active traders looking for zero-pip spreads and low https://worldtradex.world/ $3 commissions. Yes, Vantage is a legitimate broker that is authorized by multiple regulators, including the ASIC and FCA.

However, Vantage trails industry leaders in key areas such as research and education. Instead, the broker immediately closes losing trades if it appears that they will lead to the trader losing not only all the funds in their account, but even end up owing the broker. Vantage Markets provides a variety of account types designed to suit the needs of traders at every level. Beginners can start with the Standard STP Account, which offers direct market access without commissions, making it an excellent choice for learning and exploring the platform. For experienced traders seeking the lowest possible spreads, the RAW ECN Account delivers razor-sharp spreads and low commissions, supported by deep liquidity.

Vantage’s Trading Instruments

When making this calculation, we used one lot of EUR/USD as a benchmark as it is the most commonly traded currency pair and it usually has the tightest spread. Traders in the UK will trade with Vantage Global Prime LLP which is authorised and regulated by the UK Financial Conduct Authority (FCA). Traders outside the UK, Australia and the EU will trade with Vantage International Group Limited which is authorised and regulated by the Cayman Islands Monetary Authority (CIMA). Vantage remains fully compliant with FCA (UK), https://worldtradex.blog/ ASIC (Australia), CIMA (Cayman Islands) rules and regulations. Finding the right broker for you is not easy, but hopefully you now know if Vantage is the best choice for you. If you are still unsure, you can use our forex broker comparison to get a quick overview.

Yes, Vantage offers a decent mobile app which offers access to account management features and trading tools whilst on the move. The application allows you to place trades, follow market news and create watchlists, but I learned that it isn’t the best for serious charting and technical analysis. An STP/ECN broker, Vantage offers two accounts with minimum deposits linked to tighter spreads and lower trading costs.

5 Customer Support

• Vantage offers three live accounts, which is average compared to other brokers, and its accounts are suitable for both beginners and more experienced traders.
• The best part is that you only need $50 to access raw spreads in the ECN account, but there are commissions to be aware of.
• Vantage Markets ensures traders benefit from competitive and transparent pricing.
• CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
• These channels cater to a variety of customer needs, ensuring a seamless experience across platforms.

Opening an account on Vantage is completely digitised and, as such, you can complete the entire process on any of your devices. Before you register and start trading with Vantage, it is important to be aware of the positive and negative aspects of the broker’s services. Vantage does not charge any account maintenance fees, ensuring cost efficiency.

ProTrader

While partners may pay to provide offers or be featured, they cannot pay to alter our recommendations, advice, ratings, or any other content. Our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. However, its unavailability to US-based traders may limit accessibility for some. It also offers its own proprietary Vantage app, which – despite the added distraction of in-app ads – shows real promise as a trading platform. Vantage is highly recommended for beginner, intermediate, and professional traders. With over 10 years in the industry, the broker has developed cutting-edge technologies to ensure fast execution all at low commissions, tight, or even free spreads.

Mobile Platforms

The VFSC is not a highly respected authority and does not offer the same degree of protection for retail traders in my view. Tune in to “Let’s Talk Forex,” a podcast designed for traders of all levels. From market analysis and trading strategies to interviews with industry experts, this podcast covers the breadth of the forex landscape. Join the conversation and discover insights that can help you navigate the exciting world of currency trading.

Additional Tools

As for licensing, I’m glad to see that many clients will be registered under tier-one-regulated entities. You’ve successfully signed up for our forex newsletter, where you’ll receive expert insights, market analysis, and the latest news straight to your inbox. Vantage’s sentiment page displays the overall long and short positions of the Vantage book. The sentiment ratio of long to short positions is represented as a percentage and displayed as a sliding scale where red represents clients’ shorts and blue represents their longs.

As expected, wire transfers are processed within 1 – 2 business days for domestic transfers and 2 – 5 business days for international transfers. It’s also good to see that bank transfers, cards and some e-wallets are fee-free. FxScouts is committed to ensuring protection of all personal information that we hold, and to provide and to protect all such data. We recognize our obligations in updating and expanding this program to meet the requirements of GDPR. FxScouts is dedicated to safeguarding the personal information under our control and in maintaining a system that meets our obligations under the new regulations. For the purposes of this review, we found customer support via live chat extremely responsive and polite.

Vantage’s in-house app features a clean, modern look and is user-friendly – and we really enjoyed using it. Setting up an account is easy, and if you need assistance, a tutorial is available to help. Overall, because of its history of responsible behaviour, ASIC and FCA regulation, and the fact that Vantage is regularly audited, we consider Vantage a safe broker for British traders to trade with. Through proprietary risk management procedures, Vantage International Limited minimises slippage without having to pass on any mark ups or inflated spread. With the fair price model in effect, orders can be instantly filled without overexposing either party to unnecessary risk. Vantage is licensed by top-tier financial regulators across three continents.

Compare Vantage with the top 3 similar brokers that accept traders from your location. The broker is available 24/7, which is a notable advantage compared to the 24/5 support offered by many competitors. Overall, beginners and intermediate traders should find plenty of resources at Vantage, though I would say that the selection is not as comprehensive as other brands like IG.