The Australian Securities and Investment Commission (ASIC) and England’s Financial Conduct Authority (FCA) are both very tight on how much leverage is allowed for retail traders. If you are of Islamic faith and comply with Sharia law then the use of a riba is forbidden. In the case of trading, a swap fee (sometimes called an overnight charge or rolling fee) is considered a form of riba and is therefore not permitted. For this reason, a Swap Free Islamic Accounts is available provided you can prove your eligibility. Methodology updates are made so that new broker features and products are taken into consideration. Review updates ensure that all the information we provide is current and correct.

Vantage FX Review

From the above, we can see a mark-up spread of about 1.1 pips to the average spread on Vantage FX’s Standard Account to cover the costs of trading the EUR/USD pair. Yes, Vantage is suitable for scalping due to its tight spreads, low latency, and fast execution speeds. Whether you’re just starting or looking to refine your trading strategy, Vantage’s comprehensive offerings and dedication to innovation make it a strong contender for your trading needs. Clients can refer to the ‘Market Watch’ panel on the MT4 platform to get the most up-to-date swap rates and live spreads. Vantage FX is licensed by top-tier financial regulators across three continents. Opening an account on Vantage FX is completely digitised and, as such, you can complete the entire process on any of your devices.

However, your payment provider may charge a fee, in which case you will be responsible for that fee. Moreover, withdrawals in the UK usually cost £5, although there is a free option too. UK clients have slightly different account types and a slightly different pricing structure. For instance, spreads start as low as 0.25 pips for the Vantage Prime Pro account or 0.6 pips for the Vantage Prime account. Our experts have created these tables based on the fees applied to a standard account. We consider a standard account to be the one that will appeal to most traders, often not the cheapest option but not a premium option either.

These overnight financing costs differ based on the instrument, position direction, and market conditions. Vantage provides a detailed swap schedule on its trading platforms to help traders plan their holding strategies efficiently. Vantage provides access to MetaTrader 4 (MT4), a popular and user-friendly platform known for its reliability in executing trades. This platform offers powerful charting tools, technical indicators, and automated trading options using Expert Advisors (EAs), making it suitable for both new and experienced traders. MT4’s ability to automate strategies, along with its customizable features, enhances its appeal, especially for those looking to backtest trading strategies or trade without constant monitoring.

Pros and Cons of Vantage FX

Vantage provides access to MetaTrader 4, MetaTrader 5, ProTrader, and WebTrader, catering to various trader preferences. When comparing Vantage with Pepperstone, both brokers are renowned for their competitive pricing and robust trading infrastructures. Explore our comparison tables to see how they differ in terms of spreads, quotes, and trading volume.

Forex Broker’s Bonuses

The web terminal has reliable data protection, and clients can trade on all the browsers without the need to download the application. Also, all client funds are in segregated trust accounts and come under negative balance protection. Besides, Vantage FX has an indemnity cover to safeguard clients if it fails. The broker’s regulation by CIMA, FCA, and ASIC provides peace of mind, as does its use of a top-tier bank for storing client funds in segregated accounts. We appreciate the various pricing structures, as this allows you to choose to trade with or without commissions, depending on which appeals most to you. The Vantage FX application is a proprietary trading platform that lets you trade on the go, accessing share CFDs, indices, commodities, and forex pairs.

Besides, investors interested in social trading can access the broker’s ZuluTrade and MyFXBook auto-trading features to copy the strategies of successful traders. For those trading outside of the UK, you can get started with as little as $200, making this broker highly accessible. As you review Vantage FX forex broker’s account types, however, you will notice that each has a different minimum deposit. RAW ECN Accounts have a minimum deposit of $500, and PRO ECN Accounts have a minimum of $20,000. The last account type is much less accessible, but it is specifically designed that way to appeal to those with higher trading volumes.

• Vantage is a member of The Financial Commission, which is an independent dispute resolution body.
• While we haven’t tested the spreads with this account, Ross Collins, our chief researcher tested the Standard Account Spreads for 20 other MT4 brokers.
• The last account type is much less accessible, but it is specifically designed that way to appeal to those with higher trading volumes.
• There are mini-course-like articles that offer an introduction to forex trading and information like how to set up the MT4 trading platform.
• Vantage offers a range of trading platforms that accommodate traders at all experience levels.

Commission and Fees

• There is also an account management suite that allows for customization and advanced risk management.
• This dual-pricing model allows traders to tailor their fee structure based on individual strategies.
• In case you are wondering how these commissions compare to other brokers, Ross Collins did an extensive comparison.
• This ensures compliance with Shariah law while still providing traders access to the full range of trading instruments and platforms.

Clients signing-up with Vantage FX have the choice of three account types, including two ECN and one STP, with the forex broker’s lowest spread starting from zero pips. Besides, the commission at $3 per standard lot per side is among the lowest in the industry. Beginning with the positives, the top CFD broker is one of the safest in the industry, authorized and regulated by multiple tier-I watchdogs. Clients registering with the forex broker have the choice of 180+ products comprising spot and derivatives, all accessible on the MT4 & MT5 platforms.

The https://worldtradex.pro/ inclusion of MetaTrader platforms helps the broker appeal to a wider audience, as it’s software that most traders are familiar with. Vantage FX provides traders with the MT4 trading platform, an advanced trading platform that was introduced in 2005 by MetaQuotes. It is the most popular trading platform among forex and CFD traders due to the abundance of essential trading tools that ensure an enhanced trading experience. The platform becomes more useful when connected to the broker’s deep FX liquidity pools via the custom-made oneZero™ MT4 Bridge. MT4 is available as a desktop application for Windows and Mac computers, WebTrader, and a mobile app for Android and iOS devices.

Is Vantage FX A Market Maker?

The broker charges a commission of $3.0 per lot per side ($6 round trip) on the Raw ECN account and $1.50 per lot side ($3 round trip) on the Pro ECN account. In this broker review, we will pay attention to the critical aspects of Vantage FX, which you may consider before deciding whether to trade with this online brokerage. Vantage has an average Trustpilot score of 4.3 stars from 7,367 customer reviews.

Notable options include the Invesco QQQ Trust Series 1 and the SPDR S&P 500 ETF Trust. ETF CFDs provide a flexible, diversified vehicle for investors seeking broad market exposure without needing to manage multiple individual positions. To safeguard client assets and information, Vantage employs a range of advanced security measures. One of the cornerstones of its safety protocols is the use of segregated accounts. Client funds are held separately from the company’s operational capital in accounts with reputable financial institutions, ensuring that they remain protected even in the event of company insolvency.

It allows you to practice trading all available instruments, and to test your strategies. Our review of the Vantage FX forex broker found a vast range of payment methods, and the process of depositing and withdrawing is generally fast and easy. You should also note that all international account type holders can choose from six base currencies; AUD, USD, EUR, GBP, CAD, and SGD. If you are a UK client, you can open accounts based in GBP, USD, EUR, AUD, and JPY. Once you register with the broker, you are able to view your available deposit and withdrawal methods when you log in to the client portal.

Vantage FX has several account types, each with its own structure for trading fees. This allows you to choose whether you prefer competitive spreads and no commission fee or extra-tight or even zero spreads and commissions. 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. Every fiber optic line that connects their services is carefully selected and tested to ensure minimal latency (with up to 100 gb/s bandwidth). Servers are located worldwide in Worldtradex official site major financial hubs, including New York and London, giving ECN market liquidity to client platforms for fast execution speeds.

The awarded bonus amount is non-withdrawable but profits generated from the bonus can be withdrawn. Yes, Vantage offers trading on cryptocurrency CFDs, allowing traders to speculate on price movements without owning the underlying assets. Standard accounts have no commission fees; instead, Vantage adds a spread markup starting from 1.0 pip.