Forex Trading

Best Forex Broker FCA Regulated Forex Trading

We were also happy to see that trading commodities were easily accessible with Vantage. There are options to trade products such as cotton, cocoa, sugar, orange juice, wheat, and even soybeans. Firstly, there’s MetaTrader4 (MT4), which is the industry standard work-horse software.

£0Depositfees*Other fees may be applicable

Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. Choose from precious metals, oil and soft commodities to take advantage of major market cycles. Read our full explanation and accounting of our research and testing process to learn more about how we test.

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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. Charts By https://limefx.name/ TradingView offers what we believe are some of the best charting options for retail traders. We covered how to sign up for a Demo Account and Live account elsewhere on this page.

Account Types Available

But our results do suggest there may be certain currency pairs to look out for, for example, our test suggests the spreads for the AUD/USD pair might be a bit high. VantageFX like many brokers, provide their average spreads on their website. When you learn and master a consistently profitable forex trading strategy, the potential is limitless. As money management and discipline in executing your trading strategy is key, Vantage has structured our website to contain a plethora of content under both the News and Education menu tabs. Go through them at your own leisure and see what the world of forex trading can offer you. Telephone calls and online chat conversations may be recorded and monitored.

Our Overall Verdict On VantageFX

His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. Although Vantage is registered as a market maker, it primarily sources its liquidity from external entities, specifically banking institutions in the interbank market. Consequently, it functions more like an ECN (Electronic Communication Network) broker, offering its clients raw spreads directly from these external liquidity providers. Your account should reflect your goals, needs, and ambitions on the market.

What is the minimum deposit for Vantage?

It is supported by the Dispute Resolution Committee (DRC), which consists of esteemed industry professionals. The ProTrader basket of tools comprises different features, such as an economic calendar, market buzz, featured ideas, technical insights, and more. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage. Essentially, the broker lends the trader money so that the latter can open bigger positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.

The broker hosts one to two webinars weekly, aiding traders in refining their skills and acquiring new knowledge continuously. Next, we had to share details of our employment status and financial position. Vantage is required to do this due to regulatory KYC (Know Your Client) processes.

With this new membership, Vantage Trading traders now have additional assurances that their service provider complies with the Financial Commission’s strict quality standards. Furthermore, Vantage Trading customers will now benefit from protections of up to €20,000 per claim under the Commission’s Compensation Fund, which acts like an insurance policy. The broker incorporates multiple tools and several platforms, including MetaTrader 4&5 and ProTrader, and has a wide collection of educational materials. Vantage’s market breakdowns are available from the website with free access to registered and unregistered clients. They provide coverage on current economic and financial news with potential market impact, focusing on various financial assets like gold, the US dollar, bonds, and more.

1. In total, Vantage offers 24 different CFDs across a range of different financial instruments and assets.
2. With more than 10 years of market experience and headquartered in Sydney, Vantage now has over 1,000 staff across more than 30 global offices.
3. Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid.
4. The minimum account deposits depend on what type of account you’ve opened.
5. The following table summarizes the different investment products available to Vantage clients.

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. All up, there are 57 forex pairs, which is all of the major FX pairs, as well as most of the major cross-currency pairs. One particular downside with Vantage ProTrader is that it’s browser-based, which could be a problem if you have a slower computer. The other downside is that it’s just a charting platform at the moment, Vantage doesn’t offer trade order entry through it. All of the deposit options come with zero fees from VantageFX themselves, but some options may have fees from a specific bank or financial company.

Similarly, ZuluTrade integrates into your Vantage trading account and gives you instant access to a network of over 10,000 professional day traders. Social trading is a great way to learn from the top traders in the industry, so it’s great to see Vantage supporting it so well. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average limefx official site spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Beyond the tight spreads and commission, VantageFX is a relatively generic broker offering MT4 and MT5 with a good range of CFD trading products.

The minimum account deposits depend on what type of account you’ve opened. If you’re a serious trader and you’re going to be doing a lot of volume, or making a large amount of trades throughout the day, you’ll probably want to save on trading spread costs with an ECN account. The account is only available to residents of South Africa, and the minimum deposit is $50 USD. Spreads start from 0.0 pips with the commissions-based accounts and 1 pip with the Standard account and we can say that overall the spreads with the RAW and Pro accounts are quite decent.