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. Vantage clearly takes customer satisfaction and loyalty very seriously, as these bonus schemes are among the best we have come across.

While not entirely unique, the VantageFX demo account has no expiry date (some brokers limit the account to 30 days) which is a good thing as you will not be pressured to sign up before you are ready. Demo accounts are available with MetaTrader 4 and MetaTrader 5. All-in-all, to keep it simple, for most traders, you’ll be choosing between a standard account and a raw ECN account and most of the time this will be the RAW ECN account. We took a look at the accounts VantageFX has to offer and like the fact they have a range of accounts for different trading styles. Of particular interest to us is the Cent Account since not many traders have this type of account (even if this is only available for traders in South Africa). VantageFX like many brokers, provide their average spreads on their website.

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As a result, the spreads are quite competitive, particularly in the EUR/USD pair. Taking into account the commission of EUR 5, the costs of trading 1.0 lots are significantly less than EUR 10. The images below shows the market list for the raw spread account at Vantage FX. For absolute beginners https://limefx.biz/ in South Africa, or traders with minimal capital, there is a Cent Account (sometimes called micro-lot account), which is a trading account that is measured in cents, instead of dollars. The account is only available to residents of South Africa, and the minimum deposit is $50 USD.

In the case of VantageFX, they only provide the average for their commissions-based account (specifically their RAW ECN account) so we are able to compare this type of account. Our mission is to expedite your path to success while upholding the highest standards of regulation and security, ensuring your investments are safeguarded. Remember, financial transactions should be handled with care, and it’s crucial to only invest funds that you can afford to lose in forex trading. Between 74-89% of retail investor accounts lose money when trading CFDs.

The Vantage App is embedded with an array of intuitive trading tools and technical indicators such as Moving Averages, Bollinger Bands, MACD, accompanied by 9 timeframes for comprehensive technical charting. With added charting tools and 10 more timeframes, it extends a versatile trading environment to traders of varying styles and preferences. Elevate Your Trading Experience Anywhere, Anytime Trade your way through diverse markets with the Vantage app, a conduit to trading liberation. Immerse yourself in the fluidity of trading on the go, with instruments and features tailored to traders of every ilk. Vantage maintains stringent anti-money laundering procedures, and as such, clients are required to verify their identity before making their first withdrawal. This process involves submitting proof of identity and proof of residence documents, ensuring a safe and secure trading environment for all its clients.

• This is accessible in 30 seconds and includes actual courses.
• Like many other brokers, Vantage Markets offers MetaTrader 4 and 5 as trading platforms.
• All positions will automatically close when the percentage reaches 50%.
• You can open a demo account if you don’t want to take any chances at first.
• We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.

The information and videos are not investment recommendations and serve to clarify the market mechanisms. The texts on this page are not are not investment recommendations. Vantage FX offers a variety of trading platforms based on the MetaTrader trading platform. MeterTrader5 and the MarketsTrader platform are other options.

As a result, there is no guarantee that clients will trade at the liquidity pool’s initial prices, in our opinion. It’s an online hub that offers a diverse selection from over 90,000 proven Forex trading systems. 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.

Other trading platforms

Currently, the National Australia Bank acts as its custodian bank and it is regulated by the Cayman Island Monetary Authority (CIMA). Additionally, it also has indemnity insurance, meaning that user accounts and deposits are afforded a very high level of protection. Vantage was conceived in 2009 and is currently owned and overseen by Vantage International Group Limited. At present, this online trading ecosystem is home to more than 130,000 active client accounts.

How Withdraw Money from Vantage Markets Step by Step:

In particular, the provider is recommended for traders who want transparent and secure trading. To allow a final verdict, the support and service for traders must also be tested. I would also like you to close positions internally by phone or chat in emergency situations.

ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards. By the Financial Conduct Authority (FCA) under Vantage Global Prime LLP, for institutional clients. Vantage also has an entity that holds regulatory status with the Cayman Islands Monetary Authority (CIMA), and by the Vanuatu Financial Services Commission (VFSC) in Vanuatu. Yes, based on your detected country of NL, you can open an account with this broker. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information.

Is there negative balance protection on Vantage Markets?

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 both new and experienced users of the platform. Vantage rounds out its MetaTrader platform suite offering with support for multiple limefx website social trading platforms, content powered by Trading Central and a proprietary mobile app. However, Vantage trails industry leaders in key areas such as research and education. I have been a client of Vantage for four weeks and my experience to date has been very good.

A last step in the account opening process required that we upload a picture of our driver’s license, as well as a proof of address document. Just a couple minutes after we’d started the process, we were picking our desired currency to keep our account in, and the specific account type we wanted to open. You can elect for a wire transfer, which will incur $0 fees from Vantage, but may have fees charged by the bank that you’re sending funds from.

Horizontal lines, trend lines, trend channels, and Fibonacci retracements are some of the drawing tools available. If you’re a complete beginner and want to learn how to trade, you can find better educational options elsewhere. But, if you somewhat know what you’re doing, Vantage offers competitive spreads and commissions.