Vantage FX is It a Scam? Reviews about Forex Broker

Margin is calculated based on the current price of the base currency against USD, the size of the position and the leverage applied to your trading account. The content on Dumblittleman is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor.

The situation of Racial Discrimination and and Fraud is unacceptable from regulated company. To excuse their illegal action , they sent me an automated email, accusing me that i did abnormal trading and all my money will be deducted, as they did. I followed as usual analyst predictions as i mention above like all the world. I dont think that anyone including me, knew or could predict that NETFLIX share will crushed down so much. As suggested by the FPA and by way of fairness, I am updating my review to reflect my most recent experience working with Vantage Markets. We are not surprised that you have no problems with the company, since you are posting from inside the company’s offices.

Our Vantage FX review UK looks at what this site offers to traders of all skill levels and what advanced features are included when you sign-up with them. Check out our website for more information on what you can trade on Vantage FX. Or long-term price movements and generating profit in the long run. You will get advanced tools and research from the mT4 and MT5 platforms whether you’re a manual trader or have help from an automated trading bot. Depending on which location your share CFDs come from will determine how low your commission costs will be. In general, trading with UK share CFDs can have commissions as low as £10 and even lower with US shares.

Is Vantage FX safe?

Thanks to this technology, Vantage FX can execute as many as 500,000 trades per millisecond and process as many as 150 unique price feeds at speed. The goal is to make it possible for clients to realize new possibilities, ignite execution speed, and accelerate performance. To ensure clients always have the best possible liquidity, Vantage FX has 14 different liquidity partners. Deposits are instant, withdrawals are processed within 24 hours. As a well-regulated broker, Vantage FX ensures that all Anti-Money Laundering rules and regulations are followed.

This network helps to give the customer extremely rapid execution times. Our Vantage FX review UK also found that you will have access to over 300 tradable assets and use either MetaTrader 4 or MetaTrader 5 online platforms. Vantage offers a range of trading tools to assist traders in making informed trading decisions.

vantage fx review FX’s platform support is average compared to other similar brokers. Vantage FX offers a limited range of base currencies compared to other similar brokers. Overall, Vantage FX’s account-opening process is fully digital and hassle-free and accounts are ready for trading within 24 hours. Vantage FX’s registration form requires traders to fill in their personal details, including physical address, date of birth, and ID number.

Domus FX Islamic Account

As a Forex trader, finding a broker with a low cost and maximum benefits is important. Vantage offers institutional grade liquidity from the world’s largest banks and financial institutes directly into MT4 and MT5. Therefore traders can have the absolute best bid and ask price from the available price. A Forex broker is a company that provides traders with access to platforms that allow them to buy and sell foreign currencies. Forex brokers are also known as retail forex brokers or currency trading brokers. Retail currency traders in turn use these brokers to gain access to the 24-hour currency market for speculation purposes.

• Vantage FX’s registration form requires traders to fill in their personal details, including physical address, date of birth, and ID number.
• The main aim of the company is to provide a transparent trading environment in the forex market.
• I want to caution beginner traders about using a demo account as an educational tool.
• For the PRO ECN account types, the trading fees at Vantage FX are the most competitive; it charges a commission of $2 on each side (on a $4 per round turn).

It transforms the sub-standard out-of-the-box version into a more advanced trading terminal. Equity traders get large-cap CFDs, ideal for retail traders who follow trending names on social media, but Vantage fails to offer ETFs, which is another regrettable oversight. I like the choice of commodities and indices at Vantage, but the Forex selection is below average.

How do I withdraw money from Vantagefx?

The platform does not charge any deposit fees even if the deposit is made by credit/debit card. Besides social trading, traders can also place stop loss and limit orders as per their preferences. Stock market trading is risky, and an obligation to make additional payments cannot be suspended with a genuine ECN broker. If the market opens elsewhere and there is no liquidity to close or open your order, you will be given the next best price.

The account-opening and verification process at Vantage FX is seamless, fully digital and accounts are ready within 24 hours, which is about the industry average. We thought it was important to include the rules and regulation information in our review of Vantage FX to give you peace of mind. So, if you’ve looked at our review of HYCM and you’re new to the platform and wondering, is Vantage FX safe, we hope this can help you come to your own conclusion. There is a way that will shock the entire world from Australia to UK and from USA to Africa.

Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money. You should engage in any such activity only if you are fully aware of the relevant risks. BrokerChooser does not provide investment or any other advice, for further information please read our General Terms and Conditions. Vantage is regulated by multiple authorities and offers negative balance protection to clients. However, investor protection only applies in the UK, and the broker is not listed.

Traders will then have to choose their preferred trading platform , choose their account type (click here for more on Vantage FX’s account types), and account currency. Some of the most overlooked trading costs are the non-trading fees that are charged by brokers. These fees can significantly affect your profitability and so should be carefully scrutinised. As you can see from the table above, the trading costs on the Raw and Pro accounts are lower than those on the Standard Account and lower than those of other brokers.

Once you have logged in, your screen should look similar to the image below. Cryptocurrency CFDs – Most major “blue chip” cryptocurrencies are available on the Vantage platform. Indicies – All major indices are available on the Vantage platform. Forex – This includes all major currency pairs as well as several exotic parings. Let’s take a look at some of the Vantage FX platform’s six most coveted features.

Vantage Raw ECN Trading Account

For the above i already traded in my trading account account above 500 lots last 5 months. As they did not provide any information about the reasons, I asked an external professional auditor to review my trades with Vantage and compare them with their terms. Nothing was found and they never commented this fair independent analysis. Please read Vantage Markets Reviews below and share live trading experiences with this broker. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Vantage is regulated by multiple authorities, but only clients with deposits at the UK entity enjoy investor protection.

Individual news stories, provided by third-party news sites such as ForexLive and tickerreport.com, open on a new page, which is rather cumbersome. Vantage is primarily a forex broker with some CFD and cryptocurrency instruments. It is highly customizable, available in many languages, and has a clear fee report. Although depositing is generally free of charge, there are some exceptions.

The company was primarily registered as MXT Global and got its brand name Vantage FX Pty Ltd in 2015. Currently, the company is a member of Vantage Global Prime Pty Ltd. Vantage FX has also won the awards like “Best Forex Mobile Trading Platform /App” and “Best Forex Trade Execution” awards in the Global market category, which was given by global forex awards in 2022. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. Vantage FX have a leverage cap in place at $5000 which might put off larger investors but it does have a low deposit requirement of just $200 which is lower than other brokers of this type.

After submitting all information, traders should verify the account with proper documentation. It will ask to submit an Identity verification document- NID or passport and address verification documents such as bank statements and utility bills. But be sure to take heed of every risk warning that the desktop platform prompts. Vantage FX has a track record of providing its clients an extra secured trading environment as it offers them with a Professional Indemnity Insurance.

Forex brokers tend to lure new traders with offers of attractive deposit bonuses. This can be useful, but it is essential to discern what a proper bonus is. Execution-only brokers, that is a broker that does not involve in any personal investment advice and gives traders complete control over how they trade the markets, tend to have lower commissions. Margin is the amount of money required in your account in order to open a position.

The company has also launched a trader compensation scheme that comprises an indemnity insurance scheme to users which allows the users’ funds to be held in separate accounts. However, the investor protection scheme is only available to residents of the UK, which protects retail investor accounts lose money when trading CFDs. Vantage FX offers three live accounts with higher minimum deposits linked to tighter spreads on either the MT4 or Protrader platforms (click here for more on Vantage FX’s trading platforms). Overall, we discovered that Vantage FX was an extremely reliable online broker. They have a worldwide range and accommodate different forex trading skill levels throughout the platform. This review of Vantage FX found that although it had relatively high minimum deposit prices for each account type.

For those of you who are unaware, MetaTrader is a popular online trading platform that allows you to automate your trading through the use of its intuitive user interface. Selecting the appropriate brokerage account for you is one of the most important decisions you will make in your trading career. The brokerage account you select will have an impact on everything from the fees and commissions you are liable for to the assets you have access to trade. With interest in trading and investing skyrocketing since the 2020 crash, it is now more vital than ever before for you to sign up to a reliable brokerage when you begin your trading career.

A Vantage FX bonus (sign-up bonus) of $250 is offered to first-time traders on signing up on the Vantage FX platform. Moreover, on each standard lot trading, 2 units of the sign-up bonus are converted into real money which can be withdrawn by the users at any time. However, in some cases, a small commission of $3.00 is charged by the traders. Vantage FX ranks among the Best MetaTrader Brokers, and Best Copy Trading brokers. Vantage FX distinguishes itself from other MetaTrader-only brokers by offering a diverse range of additional add-ons and compatible 3rd party platforms and tools.

I didn’t know why there are so many scam review about this company. Based on my experience, I had no problems with my trading and withdrawals. We are delighted to hear that you have had a positive experience with our service.

• Therefore, traders’ deposit in this broker is safe in the segregated AA rated, Australian Bank .
• Before trading CFDs, consider whether you understand the risks involved and if you can afford to take the high risk of losing your money.
• Vantage FX is equipped with an experienced team with skills and background of finance, forex, and technology.

https://traderoom.info/ FX offers a broad range of trading tools, including MT4/MT5 Smart Trader Tools, VPS hosting, sentiment indicators, and Market Buzz. The Vantage FX swap-free accounts are available for Forex traders who are unable to receive or pay swaps due to religious beliefs. Vantage FX Swap-Free Accounts incur no swaps or interest charges on overnight positions.

The MetaTrader 5 platform is the most popular forex trading platform amongst all. It is the next generation forex trading platform after MT4 that rolls off the production line at the MetaQuotes Software Corporation. Vantage FX always strives to offer low spreads that are industry leading. This is possible thanks to the number of liquidity providers that Vantage FX works with as well as the fact that feeds come from up to 70 institutions. Vantage FX also offers an Islamic Account for Muslim traders to utilize so they can enjoy a swap-free account. This account was specifically designed for those forex traders who cannot pay or receive swaps due to religious beliefs.