Next, there is the more recent MetaTrader5 (MT5), which is a more feature-rich version of MT4 and can be great for traders who need specific technical indicators or chart time frames. 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. Spread betting accounts do not have commission costs in addition to the spread. 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.
Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Yes, based on your detected country of UA, you can open an account with this broker. The Forex Market Overview features four sub-categories with a total of 17 articles.
Yes, Vantage is regulated by the Australian Securities and Investment Commission (ASIC), one of the world’s leading financial regulatory bodies. This regulation ensures compliance with industry standards and provides a higher level of investor protection. The firm offers MT4, MT5, and TradingView-based platforms, which in our opinion is exactly what the average retail trader should be using. We looked through the company’s trade ideas articles which largely had generic market information with some basic technical analysis for certain CFDs and currency pairs.
Both of these are compatible with your account type and excellent options for beginners or anyone who is short on time. The inclusion of social trading allows you to choose a professional trader that you trust and eliminate the need to complete as much research and analysis yourself. It provides you with access to all the features of those platforms, and your Vantage FX account, without requiring a download.
KYC Procedure for Account Creation and Depositing
The main functionality of the MT5 desktop platform is available through the mobile application. Vantage has professional indemnity limefx forex broker insurance cover in place to cover the work done by their representatives, employees and other authorised representatives. I appreciate how they take regulation very seriously and aim to provide a transparent and safe trading environment to all clients whatever their experience level or investment size.
Commissions and Fees
I think it is worth gaining access to these tools as they can help to give your strategy that extra edge. However, I also feel like they should make them freely available to all account holders, regardless of your investment size. If trading tools are important to you, Markets.com have a great selection. Vantage FX is a top forex broker with an excellent reputation around the world.
Trade ideas
Overall, it is very clear that Vantage FX is a well-trusted broker offering an excellent all-around service to traders. They work hard to provide and maintain a very safe trading environment, and provide a good level of accessibility to traders at all levels with scammed by limefx their competitive fees and minimum deposit requirements. The broker provides an excellent selection of educational content for traders of all levels. This includes detailed guides, videos, and step-by-step tutorials on everything from how to get started in trading, to getting the most out of their trading platforms.
- 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.
- This process places importance on the things we know matter most to traders.
- If you have experience trading with Vantage please share your personal review of the broker and what you think are strong and weak points.
- Vantage FX allows you to trade the energy markets via the MT4 and MT5 trading platforms.
Withdrawal fees
Overall, beginners and intermediate traders should find plenty of resources at Vantage, though I would say that the selection is not as comprehensive as other brands like IG. I also appreciate that strategy providers are more rigorously vetted, with certain performance requirements needing to be met before their positions can be mirrored. In terms of the look and feel, I personally find trading on this software a more enjoyable experience than MT4 and MT5. The default dark mode workspace is easier on the eye, especially when layering color-coded indicators and graphical objects.
