Vantage:All-In-One Trading App Apps on Google Play

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This is a good amount of time to get a hang of both Vantage and your chosen trading platform. 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. limefx VantageFX like many brokers, provide their average spreads on their website.

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  1. A full list of fees is readily available and easily accessed via the homepage – simply click on the payment options icon at the bottom right-hand corner of the homepage.
  2. Since both platforms are strikingly similar, I found it useful to compare them side by side in the categories below.
  3. Help is available via live chat, email or telephone, with waiting times for responses scoring very well.
  4. When all of that was complete, we were ready to deposit funds into the account.

At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our limefx official site expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs.

Since both platforms are strikingly similar, I found it useful to compare them side by side in the categories below. However, this is standard practice and Islamic accounts avoid this charge, though an admin fee is levied instead. For example, traders can earn V-points in the Vantage Rewards scheme which can be redeemed for cash, deposit rebate vouchers, lucky draws, profit boosters and more.

Vantage- Everyone’s Preferred CFD and Spread Betting Broker

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You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The broker provides traders with MT4 and MT5 demo account, which traders can use to practice their trading strategies on over 180 financial instruments without risking real money. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.

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However, payments to and from overseas banking institutions may attract intermediary transfer fees from either party independent of Vantage FX. 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. From the table above, the spreads offered by Vantage FX Standard STP Account are a bit higher than those offered by the big names in the industry — LimeFX and Fusion Markets. While the account creation is swift (can be completed within 5 minutes), it may take up to 24 hours to get your trading account verified. Upon verifying your account, you will have to fund your account using any of the available payment methods before you can start trading.

I feel the Vantage Rewards scheme will be most valuable for active traders, though I strongly urge traders to approach any financial incentives with caution. The firm offers MT4, MT5, and TradingView-based platforms, which in our opinion is exactly what the average retail trader should be using. But will the trade ideas, trading tools, and sentiment analysis type information give you an edge in the markets?

With Vantage, there are a number of educational resources, mainly aimed at beginner traders who are new to forex and CFD trading. We’re quite strict on how we rate particular broking firms with regard to forex trader education, as we believe it’s an area the industry could greatly improve on. 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. 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. Vantage is also a member of The Financial Commission which is a body formed exclusively for solving any disputes between brokers and traders in a smooth, seamless manner.

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