Depending on the Forex instrument and the direction of the trade, brokers either pay or charge this swap rate to traders’ accounts. When purchasing a currency with a higher interest rate than the one being sold, a credit will be applied to the account through a swap. Conversely, if the interest rate of the currency purchased is lower, a swap will result in a charge to the account.

Gold rises as dollar eases ahead of US-China trade talks

He promises you that your account will be safe because he will use proper money management with 20% drawdowns. But he will trade aggressively open tons of trades which goes against your favour. He also promises you that if things goes bad he will send your funds through wallet. Contact me if you need any evidence, I’m happy to share my experience.

Vantage FX is a legitimate, secure and FCA-regulated broker with tight spreads and low commissions. The broker offers automated copy trading services and the industry-leading MT4 and MT5 platforms. To ensure that we only recommend high-quality brokers, our reviewers have tried and tested each of Vantage FX’s trading platforms. When doing so, they considered a range of factors including how easy to use the platforms are, what features each trading platform offers, and how suited each platform is to different types of traders.

If you are registering with Vantage FX from the UK, you can also choose between a commission-free account or a Pro account that charges from £1.50 per 100k traded. Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website.

Mobile trading

Led by Chris Weston, the research team provides daily market insights, technical analysis, and trade ideas in both written and video formats. Video content includes quick updates via Trader Insights and deeper analysis in The Trade Off series. Autochartist enhances the offering by identifying key patterns and support/resistance levels.

The live chat feature is available 24/5 and our limefx review review team found this was the fastest way of getting in touch with Vantage FX. In addition to supporting Expert Advisors, MetaTrader 5 supports advanced EA backtesting algorithms to help you choose which ones to use. You can also use trading signals, either the thousands created by professionals, or the ones you create with the MQL5 programming language. MetaTrader 4 is the most popular platform for trading forex in the world, so our reviewers were pleased to see that it is an option.

Our Vantage FX team was also happy to find that negative balance protection is offered free of charge. 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.

There is also an account management suite that allows for customization and advanced risk management. The Vantage FX application is a proprietary trading platform that lets you trade on the go, accessing share CFDs, indices, commodities, and forex pairs. There are versions available for both Android and iOS, and it provides access to full trading functionality. Reputable multi-asset broker, client accounts are independently managed and audited periodically. The transaction speed is very fast and the slippage is low, making the risk of news much reduced.

Project Manager jobs

Vantage allows you to register an account by visiting their website and completing the straightforward registration process. Compare the spreads from Vantage and Eightcap in the table below to determine which broker aligns with your cost expectations. 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. Read our full explanation and accounting of our research and testing process to learn more about how we test.

Regulation and Deposit Protection

The last account type is much less accessible, but it is specifically designed that way to appeal to those with higher trading volumes. In addition to all the other account features available, Vantage has also got a number of other bonus features that make an account with it even more appealing. 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.

There are account types that will appeal to all types of traders, from beginners to experts, and the minimum deposit is highly accessible at just $200 (£2,000 for UK clients). When compared to the industry averages, Vantage has a reasonably competitive system of fees and commissions in place. The fees you get charged on trades will vary depending on which of the three account types you have, with the Standard STP account offering zero-commission trades. The Raw ECN account and the Pro ECN account provide trades at $3 and $2 per trade (each way), respectively. While not the lowest commissions we have seen, these are nevertheless very competitive and are just below industry averages.

Vantage vs Pepperstone, Spreads, Fees and Commissions Comparison

• Notable options include the Invesco QQQ Trust Series 1 and the SPDR S&P 500 ETF Trust.
• In this broker review, updated in October 2024, we will pay attention to the critical aspects of Vantage FX, which you may consider before deciding whether to trade with this online brokerage.
• The broker aims to provide retail and professional clients with unrivaled trading conditions.

Triple swaps are applied on Wednesdays for Forex instruments to account for weekend settlements, aligning with the standard T+2 spot FX settlement cycle. Vantage is a globally recognized Forex and CFD broker established in 2009. Over the years, Vantage has built a solid reputation for trust, transparency, and technological excellence, making it a reliable choice for traders worldwide. 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. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.

• Reputable multi-asset broker, client accounts are independently managed and audited periodically.
• You can use it to view as many as 21 timeframes and three chart types.
• This brings a whole new level of convenience to the entire trading process as traders can access their trading accounts and place trades on the go, as long as they are connected to the internet.
• The broker also takes various security measures, such as guaranteeing absolute transparency and maintaining segregated client funds.

Expert analysis

Traders can speculate on price movements of globally recognized companies such as Alphabet, Tesla, and Netflix. This enables equity traders to engage with individual company performance across key sectors and geographies. Vantage accepts payments via bank transfer, bank cards, various e-wallets, and crypto wallets. Deposits and withdrawals are generally free of charge, although additional processing fees may apply depending on the payment method. Deposits can take up to 24 hours to process, while withdrawals may take up to several business days. This comprehensive approach allows us to recommend the best brokers for different experience levels, trading styles and budgets.

Vantage clearly takes customer satisfaction and loyalty very seriously, as these bonus schemes are among the best we have come across. These rate strongly in the broker’s favour and come highly recommended. In particular, it’s great to see Vantage offering promotions and bonuses for https://limefx.vip/ both new and experienced users of the platform. Overall, the writer of this Vantage review found that using the platform is relatively simple. If you have any previous experience of similar trading platforms, then using it shouldn’t be too much of an issue.

Vantage provides a detailed swap schedule on its trading platforms to help traders plan their holding strategies efficiently. Vantage’s proprietary trading platform, ProTrader, is tailored for traders who require advanced charting, market analysis, and trade execution features. With a customizable interface, ProTrader offers an intuitive setup for professionals who need flexibility and precision in their trading.