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. The flexibility was great, as you can really practice trading the same size as when you open a live account and trade real funds. If you are of Islamic faith and comply with Sharia law then the use of a riba is forbidden. In limefx broker reviews the case of trading, a swap fee (sometimes called an overnight charge or rolling fee) is considered a form of riba and is therefore not permitted. For this reason, a swap-free (aka Islamic) account is available provided you can prove your eligibility. In case you are wondering how these commissions compare to other brokers, Ross Collins did an extensive comparison.

We think you will agree that commissions with VantageFX are very good when you see our commission test results. Vantage transcends the role of a broker, envisioning a broader mission beyond trading. We recognize the profound social and economic impact of business operations and aspire to bring about positive change. Our business isn’t solely about profit; it’s about bettering lives, elevating communities, and nurturing our planet.

Trading Spreads With Vantage Markets

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. Outside of these hours, we would sometimes run into a chatbot on live chat, or deal with a customer support representative who seemed less knowledgeable than their Australian counterparts.. If you’re located in Australia, the UK, or South Africa, your account will be regulated by your country’s regulatory body. Traders outside of the UK and Australia have more leverage, at the expense of their accounts being regulated by non-A-Grade regulators.

• Charts By TradingView offers what we believe are some of the best charting options for retail traders.
• You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
• Exchange Traded Funds (ETFs) were another option, which is a great way to pursue a specific trading or investing theme.
• Immerse yourself in the fluidity of trading on the go, with instruments and features tailored to traders of every ilk.
• Vantage FX’s financial institutional partners calculate the daily released rates using risk-management analysis.

Venture into the world of trading with refined precision, amplified knowledge, and unrivaled experience. Create a portfolio that resonates with your trading visions and aspirations, enabling a journey marked by growth, learning, and success. 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. Also, the absence of an FCA regulation indicates that UK-based are not covered under the Financial Services Compensation Scheme (FSCS) if the broker fails to meet its financial obligations in the United Kingdom.

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. 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. It’s an online hub that offers a diverse selection from over 90,000 proven Forex trading systems. With Vantage FX, you will enjoy the benefit of super-fast trade execution and interbank grade RAW ECN spreads with no dealing desk intervention. The broker offers institutional trading conditions to retail traders, operating a true ECN/STP model of execution that offers transparency and helps to build trust.

About Vantage

As well as evaluating a broker’s product portfolio, fee structure and trading tools, we consider the availability of GBP-denominated accounts, the presence of UK-based customer support, and FCA authorisation. Our experts also factor in their hands-on testing experience into broker ratings. Vantage FX provides social copy trading through ZuluTrade, MyFXBook Autotrade and DupliTrade.

Copy-trading with Vantage FX

However, CFTC regulation is absent; therefore, Vantage FX cannot provide its services to citizens or residents of the United States. Note that Vantage FX does not offer its services to residents of specific areas such as North Korea, Japan, the United States, and other regions. Note, the minimum lot size is 0.01 while the maximum lot size is at 100.0. Established in 2009, the company founders consist of a team of finance, forex and technology experts. ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards. Read our full explanation and accounting of our research and testing process to learn more about how we test.

A Detailed Look at Vantage

The broker charges a commission of $3.0 per lot per side ($6 round trip) on the Raw ECN account and $2.0 per lot side ($4 round trip) on the Pro ECN account. Vantage FX does not charge any commissions on the Standard STP account. From the table above, the spreads offered by Vantage FX Standard STP Account are https://limefx.group/ a bit higher than those offered by the big names in the industry — IC Markets and Fusion Markets. The minimum capital required to open an account is £200 on the Standard STP account, which is a higher entry than most competitors. The Raw ECN and Professional ECN accounts require a £500 minimum deposit.

For instance, Debit/Credit Card withdrawal can only be used for accounts that made deposits using a Debit/Credit Card. Some exciting features you will enjoy from this platform include three real-time chart types with nine timeframes, good drawing tools, various technical indicators, and more. Finally, let us compare Vantage FX Standard Account average spreads with those other major brokerages offer on the three most actively traded Forex pairs. Vantage FX platforms are open for trading 24/7, so weekend access is available.

It is, therefore, unsuitable for those who lack proficiency and sufficient experience. Vantage FX does not accept third-party payments, so all funds deposited into your trading account must be under the same name as your Vantage FX trading account. Payment from joint bank accounts or credit cards is accepted if the trading account holder is one of the beneficiaries. A 10% forex rebate bonus is also available if you deposit a minimum of £1,000 with the STP account.

Embark on Your Trading Journey with Ease:

We found VantageFX to have tight spreads and low commissions, beyond that the Forex broker is quite generic with MT4 and MT5 trading platforms and 50+ Forex pairs along with other CFD products. Vantage FX offers ECN spreads for the Raw ECN and Pro ECN account types, but the Standard STP account has marked-up spreads. The commission fees are competitive, and there are no additional fees on top of overnight financing charges. Novice traders can learn to trade forex using the educational tools on Vantage FX.

Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice. Please consider contacting a professional advisor if you require any financial assistance. BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk.

Embrace the uniqueness of ZuluTrade and harness the power of innovative features, sophisticated algorithms, and the collective wisdom of a global trading community. This system allows users to mirror the trades of their chosen professionals, converting them into real trades within their broker accounts, enabling an experiential learning curve. The built-in market news feature ensures traders are always abreast of the latest economic and risk events. Once your Vantage account is fortified with a minimum deposit of $2000, you are ushered into the world of esteemed professional proprietary traders. This venture grants you the prerogative to scrutinize your portfolio within a demo account, enabling the optimization of alignment with traders that resonate with your trading aspirations and needs. By synchronizing your Vantage account with DupliTrade, you unlock the gateway to a select array of top-tier proprietary traders.