One of the leading online brokers based in Australia, Vantage FX offers a variety of trading services, enabling clients to access the international Forex market. taking advantage of award-winning customer care and with a commitment to delivering fast transactions, VantageFX may be a significant player within the online broker arena.
Best Fx Brokers for Canadian Traders
|Forex Brokers||Min. Deposit||Platforms||Rating||Secure Link|
Mobile app, DupliTrade
|5/5||Visit Broker Fusion Markets Canada|
MT4, MT4 Mobile
|4.9/5||Visit Broker FXCC Canada|
VPS, API, Mobile app
|4.8/5||Visit Broker BlackBull Markets Canada|
Web platform, MT4
|4.7/5||Visit Broker easyMarkets Canada|
Mobile app, Capitalise.ai
|4.6/5||Visit Broker eightcap Review|
Iress, Mobile app
|4.5/5||Visit Broker TMGM Canada|
Vantage FX Trading Platforms
The site uses mainly Metatrader software, giving users access to MT4 and MT5 also as Markettrader, Webtrader (which doesn’t require a download), Apps for mobile trading, MAM/PAMM, Zulu trading and MyFXBook Autotrade.
There is a stress on robot trading, where trades are made automatically within predetermined parameters. Trading are often accessed either wholly online or through the 24/7/365 support team. they will be contacted by phone, email or live chat. Overall the location is fast and fairly intuitive to use. sink tabs give quick access to the varied features and markets available.
Assets And Markets
Traders on VantageFX.com are ready to access: Forex (38 currency pairs are available); 24 differing types of CFDs (trades which don’t involve currency); cryptocurrency trading (as a part of CFD); indices trading; and commodities trading.
Spreads And Commission
Generally, VantageFX.com is in line with most of the opposite key players within the online trading industry when it involves spreads and commission rates. the quality STP account doesn’t attract a commission, but spreads are noticeably larger than those found within the Raw ECN account (commission-based). For the quality STP account, an indicative spread of 1.4 (EUR/USD) is quoted. For the Raw account, the typical spread is quoted as just 0.1 pips, but commission is payable. Demo and Islamic accounts also are available.
For VantageFX.com, leverage ratios start at 100:1, rising to a maximum of 500:1. Access to the upper levels of leverage is restricted , with just some clients and accounts being eligible. Clients who wish to access higher levels of leverage got to apply on to Vantage. Ratios are broadly in line with what others are offering within the industry, but traders preferring a better risk approach may find the 100:1 restriction constricting once in a while .
The site gives users access to the official Metatrader apps which are available in formats suitable for both Apple and Android devices. The apps allow traders to put Forex trades and to ascertain real-time prices within the same way as they will on a laptop or personal computer . Traders are ready to edit pending orders through the app, which is synced with a trader’s other platforms to make sure seamless activity.
Deposit And Withdrawal Payment Options
Traders can deposit funds using: Mastercard; Visa; Swift; BPay; Skrill; Poli; Neteller. Funds deposited via a credit or open-end credit will normally be visible within the account and prepared to be used within sixty seconds. Bank wire transfer or BPay deposits will normally reach the account the day after they’re deposited.
Withdrawals are often made either manually or online. Withdrawals are processed daily. In most cases, if the withdrawal request is received before 1200 AEST, the withdrawal will happen an equivalent working day. For requests received after this point , or if the quantity of requests is especially high, the withdrawal are going to be processed subsequent working day.
For Australian clients, the funds should normally be in their bank accounts by subsequent working day. Overseas clients may need to wait several days for the cash to succeed in their accounts.
A fully operation demo (practice) account option is out there for Forex trading.
VantageFX.com offers free education that covers the subsequent topics: learn Forex; webinairs; MT4 manuals; MT5 manuals; MT4 videos; MT4 smart trader videos. additionally , traders can benefit from: the site’s Forex signals via email feature; tips to spice up the trading account; trading signals; expert advisors; free Forex VPS; economic calendar; 50% welcome bonus; MT4 indicators; Forex sentiment indicators.
Regulation And Licensing
The company had a licence from ASIC, Australia’s regulatory authority for securities and investments. But they need since allowed that license to lapse and are now regulated within the Cayman Islands .
Besides having the ability to pick between a dummy (practice) and a live account, traders may open a private standard or Raw ECN account. Other account options include joint accounts, company trading accounts and Trust trading accounts (either as individuals or as a partnership).
In addition, there also are Islamic accounts (with no carryover) and Professional accounts, with increased leverage, but less regulatory protection.
This site does have award-winning customer care, also as a beautiful set of promotions. it’s particularly appealing to newer traders or those wishing to stay their levels of risk and investment at the lower end of the spectrum.
VantageFX.com doesn’t offer much added value for knowledgeable traders or those wishing to adopt a better risk strategy: experienced traders may find the upper limit of 1:100 leverage for many customers a burden.
Vantage FX Trading Hours
The site is open 24/7, with trading available when the relevant markets are open.
The support team are often contacted: by phone (1300 945 517); email: [email protected]; or live chat.
Safety and Security
The company operates a trader compensation scheme and has indemnity insurance. Clients’ funds are held within the National Australia Bank, in segregated accounts.
Is Vantage FX an honest Choice For Day Trading?
This is an inexpensive platform for beginner traders or those that wish to trade relatively small amounts of cash . Its additional partners (Zulutrade and ChartIQ) also provide added variety and value to traders. The RAW ECN account has a beautiful rate of commission which may mean that it’s more profitable to work than the quality offering. aside from these features, there’s little to differentiate it from many of the opposite trading sites which are available online. experienced traders may like better to choose a site which favours larger trades and a greater element of risk.
No reviews yet