Vantage FX Review 2023: Pros, Cons and How to Start Trading

The company has offices in more than 13 countries, including UK, Germany, France, and Chile. This makes XTB one of the safest brokers in the world, so you can’t go wrong with them. It is also worth mentioning Vantage Markets has some of the lowest fees on the market, and if this is an essential aspect for you, then this broker is one of the best options worldwide.

Test and review of the Vantage Markets trading platform

An expert advisor (EA) is an automated trading system that runs on charts in the MT4 trading platform. They can analyse the markets for trading opportunities and place, manage and close trades automatically. Vantage MT4 users can gain access to thousands of EA’s from within the MT4 markets tab. There are reviews and statistics of these EA’s although it should be noted that past performance is by no means any guarantee at all of future results.

Deposit and Withdrawal

Overall though, there is good depth of market in a wide range of asset classes, and this sets Vantage apart from many brokers out there, which often offer around 200 or fewer instruments. The range of forex assets offered by Vantage is not the widest, with 49 currency pairs available. Supported funding methods include bank wire transfer, credit/debit card, Neteller, Skrill, AstroPay, FasaPay and broker-to-broker transfer. Our team rate the variety of payment methods supported as it makes the broker easy to use globally. Rates, terms, products and services on third-party websites are subject to change without notice.

Open your free account with Vantage Markets

We do not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services. Please be aware of the risks involved with any trading done in any financial market. When in doubt, you should consult a qualified financial advisor before making any investment decisions. One of the standout features of Vantage is its comprehensive educational content. There is a broad range of written articles, exhaustive courses, and a collection of hundreds of recorded webinars.

What are the pros and cons of Vantage Markets?

The information and videos are not investment recommendations and serve to clarify the market mechanisms. For all traders interested in copy or social trading, Vantage in 2021 have made available its proprietary copy trading platform. It is very flexible, user friendly, and it offers multiple funds allocation methods to copy other traders. You will have access to dozens of charting tools and indicators across all variations of the platform that prioritizes the ability to customize your trading experience. On mobile, the platforms are equally as powerful with access to the same detailed functions in an easy-to-use app.

Vantage Markets is a reputable and trustworthy broker with an extensive and favorable trade offer for international traders. For secure online trading, broker regulation is required by most traders. The company must have an official license (through licensing/regulation) from a government agency to offer financial products. Official laws are always subject to specific criteria and rules that a broker must adhere to. In case of violation of these rules, an immediate withdrawal of the regulation and license threatens. The regulation thus creates a high degree of trust between the trader and the broker.

It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. Vantage currently offers CFD trading across forex pairs, indices, commodities, metals, energies and US/UK/HK/EU/AU shares. In total, Vantage offers 24 different CFDs across a range of different financial instruments and assets.

The capitalization of the trading account is elementary and works through proven methods. Overall, Vantage Markets has more than 180 different tradable assets. These include forex (currencies), indices (Dax, SP500, etc.), commodities, precious metals, energies, and cryptocurrencies. The selection here is huge, and every trader should find their matching asset to trade.

The academy includes specific categories allowing you to cycle through forex articles, webinars and online educational resources easily from the broker’s website. This is a particularly useful tool for experienced forex day traders who automate strategies, as it allows them to set their algorithms to work 24 hours a day with the fastest connectivity available. This uses an external server to manage trading connectivity meaning your account is running without the downtime caused by computer problems. One minor drawback is the limited access to popular cryptos like Bitcoin. These are only available to Australian clients – the offshore entity does not offer digital currencies, which is unusual.

While using the Standard account, I got spreads of 1.4 on EUR/USD and 1.6 on GBP/USD. Muslim traders will appreciate that swap-free Islamic accounts are available which puts the forex broker on an even footing with rivals like AvaTrade. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method.

1. To do so, upload a photo of proof of identity and proof of residence.
2. Some brokers only earn on the loss of traders and do not sell the orders to the markets.
3. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews.
4. The only other important fees to be aware of are the industry-standard overnight swap charges (except for Islamic accounts).
5. Vantage offers a free demo account, with $100K in virtual funds and no financial risk.

These start with a limited range of assets that are available from the broker. With just around 120 this is quite limited compared https://limefx.vip/ to other major broker names. As you can see above, this trade window also affords you the opportunity to set your stop-loss order.

Funds deposited via bank cards and most e-wallets are processed instantly. I tested the broker’s processing times using both a Visa card and Neteller and found that my funds were available immediately. I have no complaints about the wide range of funding methods at Vantage, with plenty of accessible options for global clients. I can deposit using bank wire transfers, credit/debit cards limefx website and e-wallets such as Skrill, Neteller and AstroPay. As you can see from my comparison table below, Vantage stands up well against top competitors when it comes to available payment methods. Vantage does not offer a comprehensive range of educational resources for traders, putting it at a disadvantage against brokers that make education a priority, such as CMC Markets or City Index.