The minimum deposit is pretty steep at $10,000 – more than other pro-level accounts I have reviewed. Additional account options include joint accounts, company trading accounts and trust trading accounts (either as individuals or as a partnership). There are also professional accounts with increased leverage, but fewer safeguards. The broker’s regulation by ASIC indicates a reputable broker that keeps to regulatory and ethical requirements.
- With a Vantage FX MT4 or MT5 trading account, traders can seamlessly open short-term or long-term position trades in physical gold and silver.
- I also appreciate that strategy providers are more rigorously vetted, with certain performance requirements needing to be met before their positions can be mirrored.
- Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
- I recommend the Raw ECN or Pro ECN accounts, as these offer ultra-tight spreads.
- This average customer rating is based on 3 Vantage customer reviews submitted by our visitors.
Current Promotions
This is the ultra-reliable, Toyota Hilux of the forex industry, which will solidly run on desktop, Mac, Android, or iPhone. MT4 has a ton of features, including use of Expert Advisor limefx reviews tech for custom trading analysis. For more insights, check out our list of the best MT4 Forex brokers in the UK. If you’re a serious trader and you’re going to be doing a lot of volume, or making a large amount of trades throughout the day, you’ll probably want to save on trading spread costs with an ECN account.
How Does Forex Trading Work with Vantage?
There are options to trade products such as cotton, cocoa, sugar, orange juice, wheat, and even soybeans. The deposit options are especially good for traders in Australia, with a number of instant or completely fee-free options. Charts By TradingView offers what we believe are some of the best charting options for retail traders.
Regulation & Trust
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. Vantage FX incorporates the latest innovative technologies to make trading faster and easier for their clients. They partner with Equinix, enabling them to provide a diverse network of servers linked by fiber optics.
This includes a ‘refer a friend’ scheme, an active trade programme, a 50% deposit bonus, and a rebate scheme. The ‘refer a friend’ scheme is potentially lucrative and gives you the opportunity to earn a $150 bonus for every successful referral – this also gives them a $100 sign-up bonus. The active trader promotion offers users who open a Standard STP account funded by at least $10,000 the opportunity to earn bonuses based on their account activity. The welcome bonus provides a bonus of 50% on deposits of up to $500 for users signing up to the Vantage account.
How To Open A Vantage Account
Forex (FX) is the short form for foreign exchange which represents the global currency markets. Forex markets are traded as currency pairs where a trader will buy or sell one currency against a base currency. The foreign exchange market is one of the largest financial markets around, operating five days a week. Like other financial exchanges, market participants leverage currency exchange fluctuations to potentially make a return from their trades. These participants can include individual retail traders, to financial institutions. Access Vantage’s extensive selection of forex pairs via CFDs and take advantage of a multitude of trading opportunities.
The Myfxbook AutoTrade tool allows you to seamlessly integrate copy trading into your Vantage investment account by connecting you to a growing network of over 90,000 forex traders. Similarly, ZuluTrade integrates into your Vantage trading account and gives you instant access to a network of over 10,000 professional day traders. Social trading is a great way to learn from the top traders in the industry, so limefx scammers it’s great to see Vantage supporting it so well. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.
