The minimum deposit you must deposit to begin on Vantage FX is $200. However, ensure you understand how to make the most of your money before investing larger amounts. Vantage FX has over 247 trading instruments to support all kinds of traders. These instruments are lively and suitable for both new and seasoned traders. The dealers can set aside all their concerns when trading with Vantage FX.
- MetaTrader is widely respected in the industry and is available with 24/5 market hours.
- You can access 30 indicators, nine timeframes, and 24 technical, analytic tools through WebTrader.
- Vantage FX clients can fund their account in a number of ways all found on their deposit page.
- There is no deposit fee on the funds’ deposit unless you are transferring money through China Union Pay which will cost you 1.3%-2.5% of the transferred amount.
- The relevance of the answers was OK although some questions were not properly addressed.
- Vantage FX are a Raw ECN Forex broker, regulated by ASIC is Australia.
If your balance is negative, Vantage FX suggests that you promptly contact client services. For this, you are able to correct any imbalances within your account. If you are still skeptical, you can open a eToro demo account and evaluate the credibility of the platform on your own. Vantage FX offers demo accounts for the convenience of new traders. You may use this feature to build your faith in the system as well as yourself and your trading strategies.
Does Vantage Fx Offer Live Chat Customer Support?
Along with daily technical or fundamental articles, the broker might also consider adding a glossary section that allows traders to understand different trading terminologies. Social trading might be the most attractive feature for novice traders. Similarly, traders who are unable to find spare time for forex trading can also take advantage of the copy trading facility offered by VantageFX. Account types include both STP and ECN accounts, letting traders choose between spread or commission-based trading.
Derivatives including Margin FX and CFDs are considered speculative and are highly leveraged. They carry significantly greater risks than non-geared investments. Trading in derivatives involves the risk losing substantially more than your initial investment. When you trade derivatives, you will not own or have any rights to the underlying asset (e.g. you will not have the right to receive dividend payments in relation to Share CFDs). Trading derivatives may not be suitable for all investors and you should seek independent advice if necessary. The minimum deposit required to open a Standard, Raw ECN & Pro ECN account with the broker is $200, $500, and $20,000, respectively.
The speed at which money is deposited into a trading account is usually instant. VantageFX Minimum trading strategy deposit required amount is 200 USD or its equivalent to open a Vantage FX trading account.
It is safe to say that it has enough regulations, but still, it is less than other big broker companies have. The unlimited MetaTrader4 or MetaTrader5 demo account is a great way to get up to speed with trading and become familiar with the trading platforms. Vantage FX has partnered up with multiple social trading platforms, through which you can access copy trading features including ZuluTrade, Myfxbook, MetaTrader Signals and DupliTrade. Opening a digital bank account only takes a few minutes on your phone. Vantage FX trading fees are low.There are different cost structures for differentaccount types. We tested the Pro ECN with MetaTrader account, which charges a commission but offers tight spreads.
Vantage Fx Australia Review
They also undergo regular audits to ensure that client funds are properly segregated. Thanks to these features, you can rest easy, feeling trader confident that your money is safe. Vantage takes pride in striving to maintain and uphold the absolute strictest standards of compliance.
The buyer never actually owns the asset, instead receiving money based on its price change. A variable spread will change depending on the traded asset, volatility, and available liquidity. In addition to the spread, the broker may charge a commission based on the amount you trade. To check if a forex broker is regulated, find the register number in the disclosure in the footer of the broker’s homepage, then look up the firm on the regulator’s website to confirm the number.
Does Vantage Fx Offer Phone Customer Support?
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. All 3 types of trading accounts at VantageFX are allocated the same amount of assets. These types of trading accounts differ only in the amount of deposits, commissions and spreads.
For operations other brokers charge for, they do not charge a broker fee, or they charge a lesser amount. This is beneficial for those who regularly exchange, for example daily or weekly trading. Aside from trading fees, online brokers also bill non-trading fees. These are determined by the actions you undertake on your account. They’re charged for surgeries like depositing money, not trading for long periods, or withdrawals. Whenever you make an actual trade, like buying a stock or an ETF, you’re charged trading charges. In such cases, you’re paying a spread, financing speed, or a commission.
The support doesn’t get distracted and responds efficiently. On the other hand, a list of free experts that are of great value in daily trading is offered for MT4! If you don’t have a ready strategy or don’t know how to program (and that’s not easy!), then these experts will definitely help!
What Is Forex Trading?
We like that the standard account is commission-free and that Vantage FX comes with a growing array of research features, including Trading Central. MT4 and MT5 are leading platforms, and you can trade from your desktop or from your phone just the same. It’s crucial, then, to know that your forex broker is stable, trustworthy, and reliable.
Most of the resources available on the VantageFX platform are from outsourced channels such as Trading Central. The broker offers only a few in-house developed tools such as forex sentiment indicators and a few calculators. Vantage Group of Companies is fully authorized and regulated in multiple jurisdictions around the world, including Australia , Cayman Islands, and the United Kingdom. Considering the multi regulated framework and sound investment forex security protocols, VantageFX can be regarded as a safe platform for investment. Setting up an STP account involves a minimum deposit of $200, while a commission-only ECN account requires a minimum of $500. Our review found the broker to only offer their services to some select countries, likely to avoid the excluded countries’ stricter laws. Countries include Australia, the UK, South Africa, Hong Kong, Germany, France, Saudi Arabia, and more.
Tier 1 banks have strong reserves and are used by financial authorities to use tier 1 banks because they are able to withstand financial crises from unpredictable fluctuations of the market. You also want to keep an eye out for sneaky withdrawal fees. With more than 30 partnered companies all over the world, Hercules.Finance offers trusted and timely information for Investors and Users of the services. For Vantage FX Review more latest information of the website, please visit hercules.finance. Invest in over 180 financial markets on VantageFX MT4 and MT5 with ECN execution. Download the MT4 / MT5 app on your Android or iOS device to gain access to the market while you’re on the go. While you can expect a lot of profits by setting high leverage, you also have the risk of increasing losses, so leverage should be used wisely.
There is a fax number through which you can also get in touch with the broker. As an Australian client, if you have any problem that warrants a physical meeting, you can go to the broker’s offices in Sydney or Melbourne. The addresses and phone numbers of the Australian offices are displayed on the broker’s website.
Can You Trade Cryptocurrency With Vantage Fx?
We really liked the Vantage FX mobile trading platform because it is user-friendly, uncomplicated, and designed with convenience in mind. Yes Vantage FX doesn’t have its own self-developed trading platform. It providesMetaTrader4 and MetaTrader5third-party trading platforms. One of the traits that really sets Vantage FX apart from competitors is their emphasis on transparency. That is at the core of Vantage FX’s philosophy and identity; they understand that forex trading is often cloudy and can be particularly intimidating for traders with less experience.