This is because an equivalent trade on a zero spread account with Fusion Markets will incur a $4.50 commission per round turn, which is, at present, among the most competitive offers within the industry. So, the Pro ECN Account is the cheapest of the three accounts, which is why it is offered to high-volume traders. There are mini-course-like articles that offer an introduction to forex trading and information like how to set up the MT4 trading platform. 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. We were also happy to see that trading commodities were easily accessible with Vantage.
Spreads & Commissions
Servers are located worldwide in major financial hubs, including New York and London, giving ECN market liquidity to client platforms for fast execution speeds. Vantage FX offers over 300 CFD products, including FX pairs, precious metals ( gold, silver, etc ), commodities, indices, futures, and share CFDs. Their range of available financial assets compares fairly to other big brokers, such as OANDA and Fusion Markets. The broker provides traders with MT4 and MT5 demo account, which traders can use to practice their trading strategies on over 180 financial instruments without risking real money.
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Additionally, Vantage FX’s traders can trade with the mobile versions of the MT4 and MT5 trading platforms. 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 app requires Android 5.0 or later, while the iOS app requires iOS 9.0 or later. The broker provides traders the Vantage FX app; it is a proprietary mobile trading platform that allows traders to buy and sell various financial assets from the convenience of their mobile handheld devices. The platform is replete with a suite of advanced trading tools, such as technical indicators, order management, custom watchlists, trading signals by Trading Central, alerts, news calendars, and more. It is available as a mobile app that is compatible with Android and iOS devices and can be downloaded from the respective app stores.
- All CFD trading products are available for spread betting and since they both have the same underlying instruments, the spread or points will be the same.
- If you’re a complete beginner and want to learn how to trade, you can find better educational options elsewhere.
- For example, if you’re bullish on agricultural stocks, you may choose to purchase an agricultural ETF.
- 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.
Financing charges
Some of the awards include Financial Trading Services Provider of the Year, Financial Trading Services Provider of the Year, Best ECN Broker, Best Customer Support, and Best Forex Education Asia Pacific. Forex Swap rates are affected by market conditions and the interest rate of the affiliated countries https://limefx.name/ of the chosen Forex currency pair. Vantage Group of companies is authorized and regulated in various jurisdictions. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates.
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There were also bond CFDs, allowing us to speculate on interest rate changes. It was very simple to bring up price quotes for products like the 10-year German government bond. If you have multiple accounts, you can switch between them in seconds with MT5.
An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Trade Indices CFDs
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. Generative AI tools are not a part of our content creation or product testing processes. 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. While the broker’s research and educational offerings continue to expand, Vantage has a ways to go if it wants to compete with the best brokers in those categories.
Vantage FX does not charge any internal fees for deposits or withdrawals. However, payments to and from overseas banking institutions may attract intermediary transfer fees from either party independent of Vantage FX. From the above, we can see a mark-up spread of 0.8 pips to the average spread on Vantage FX’s Standard Account to cover the costs of trading the EUR/USD pair.
While this account type does not incur any swaps or interest charges on overnight positions, the account holder is charged an administration fee on trading positions. These trading platforms can be great if you find an impressive trader and you’re confident they have a good strategy and legitimate edge, but our limefx courses scam advice is to always be skeptical when following other traders. For traders who are located in countries outside the UK and Australia, Vantage also offers a range of social trading platforms. This account requires traders to pay a commission for each trade, but there are no markups on the trading spreads.
We could easily trade crude oil, natural gas, Brent crude, and even more exotic options like low sulfur gasoil. If you’re from Australia, you’re spoiled for choice, with a number of impressive deposit methods. Be careful if using a credit card, as the deposit may be labeled as a cash advance and come with added fees or interest charges. The process involved filling in our email address on the Vantage website. Clicking through, we were asked for our name and phone number and then asked to select a bunch of options for customizing our account. The Vantage Group of companies is regulated by financial bodies in a number of jurisdictions across the globe.