This seamless integration allows you to discern and opt for traders you aspire to replicate, predicated on their exemplary performance, meticulously crafted strategies, and distinctive trading styles. Subsequently, these chosen trades are precisely mirrored on your Vantage MT4 or MT5 account, aligning your trading trajectory with seasoned experts. The platform emerges as a beacon for traders across the spectrum, offering insights that are intricately woven with TradingView’s renowned charting style on our exclusive ProTrader platform. Vantage presents traders with a compelling proposition of tight spreads and low trading fees, particularly through our RAW ECN account.
If you are outside these countries, you are out of luck and commission costs are consistent with the industry standards. VantageFX is a non-dealing desk broker, using liquidity from liquidity providers such as tier-1 investment banks and prime brokers to offer straight-through processing (STP) pricing for their clients. 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.
- VantageFX uses a no-dealing desk trading model meaning they connect you with liquidity providers such as investment banks rather than act as your counterparty (which occurs in a market maker model).
- Up next, we had to share some basic details regarding our trading history and experience.
- By connecting a Vantage account with AutoTrade, you gain the ability to auto copy and actively trade, supplemented with access to meticulous analysis and insightful statistics.
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. If you’re a rank beginner, you’ll probably find some of the articles useful for learning the terminology and basic concepts. A few notable brokers such as Pepperstone, IC Markets, FXTM, AXI and Exness use this body to resolve disputes and on average claims take about 5 days to resolve. We could easily trade crude oil, natural gas, Brent crude, and even more exotic options like low sulfur gasoil.
However, Vantage trails industry leaders in key areas such as research and education. Beyond the tight spreads and commission, VantageFX is a relatively generic broker offering MT4 and MT5 with a good range of CFD trading products. Vantage FX offers access to the most liquid global FX markets, allowing traders to trade over 40 forex pairs. The broker provides traders with institutional-level trading through its deep FX liquidity pools with inter-bank market access.
Pro ECN Account
Access to the demo account is completely free and available for 30 days. This is a good amount of time to get a hang of both Vantage and your chosen trading platform. While we haven’t tested the spreads with this account, Ross Collins, our chief researcher tested the spreads with for standard account for 20 other MT4 brokers.
- A few notable brokers such as Pepperstone, IC Markets, FXTM, AXI and Exness use this body to resolve disputes and on average claims take about 5 days to resolve.
- This type of model means they are using straight-through order processing (STP) or possibly Electronic Communication Networks (ECN) since this is the name of some of their trading account.
- This brings a whole new level of convenience to the entire trading process as traders can access their trading accounts and place trades on the go, as long as they are connected to the internet.
If you’re located in Australia or the UK, it’s a no-brainer to take advantage of the low commissions on the raw ECN account. Start with AutoTrade and transform your trading journey through the amalgamation of extensive knowledge, innovative strategies, and a community of like-minded individuals striving for trading excellence. The journey with AutoTrade is not just about financial growth; it’s about evolving as a trader and understanding the nuanced art of Forex trading from the stalwarts of the field. Opting for AutoTrade means diving into a sea of extensive knowledge and trading acumen. It opens up a world where learning and earning go hand in hand, where every trade holds the potential for growth, and where decisions are driven by a blend of insights and proven success stories.
What we say about VantageFX
These platforms let your trading account mirror the performance of top forex traders. Online traders are ranked and users can analyse past performance https://limefx.name/ before choosing a provider to copy. The broker’s selection of social and copy trading services is extensive vs other providers.
As a Tier 1 regulatory authority, ASIC also mandates that all client funds are kept fully segregated from the broker’s corporate accounts in client trust accounts at top-rated banks. This way, the risk of fraudulent behavior by the brokerage is kept at a minimum. 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.
If you are an existing client of Vantage, please share your experience with other readers in the comment section below. A last step in the account opening process required that we upload a picture of our driver’s license, as well as a proof of address document. Opening an account with Vantage was a relatively painless and streamlined process, allowing us to be set up in about 5 minutes. There’s an easy-to-use economic calendar, which is very useful for staying up to date with announcements that could move the markets. In general, the customer service team seemed patient with the rather advanced questions we threw at them.
The advantage of this account is the higher leverage you can trade with but you will need to prove you meet the eligibility requirements set by the FCA. If you’re an active trader or professional trader, trading more than a few times per week, and you can afford the minimum deposit, you’ll almost definitely want to use the raw ECN account. Commission rates for Australian traders cost $2 AUD per full lot round-turn while it’s the same for UK traders but in pounds (ie. £2). Really we were quite shocked at how low trading costs could be with this broker.
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. There are also e-wallet providers such as Neteller or Skrill, which can help you to segregate your trading funds from your personal bank account. If you’re just starting out, or you only going to take the occasional trade, the standard account is probably right for you. Initiate your journey by connecting an account in just 30 seconds and delve into a world of informed trading decisions, leveraging the knowledge of thousands of seasoned traders. AutoTrade is a renowned online FX trade replication platform, hosting over 90,000 FOREX enthusiasts.
Vantagefx.com also has a proprietary mobile app, which provides access to 250+ tradable instruments. You can open a demo account, chat with customer support, make deposits and withdrawals and more. The Vantage FX app can be downloaded from Google Play and the Apple App Store, where it has many positive customer reviews. This account requires traders to pay a commission for each trade, but there are no markups on the trading spreads.
To this, we will also say that if you are in Australia or the UK, VantageFX is a broker of worthy consideration because in addition to good spreads, the commissions are some of the best we have seen. These commissions can be as low as AUD 2 and GBP 2 round-turn per 100k lot for clients in Australia and the UK respectively which is truly impressive. Empowered Automated Forex Trading by Myfxbook Vantage is delighted to collaborate with AutoTrade to offer our Forex traders access to one of the most acclaimed FX copy trade services in the market. AutoTrade stands as a premier account mirroring service, allowing you to seamlessly replicate trades from proficient and successful FOREX trading methodologies. Vantage stands as a global, multi-asset broker, providing traders with a dynamic and robust platform for trading Contracts for Difference (CFDs) on Forex, Commodities, Indices, Shares, and Cryptocurrencies.
This is because an equivalent trade on a zero spread account with Fusion Markets will incur a $4.50 commission per round turn, which is, at present, among the most competitive offers within the industry. So, the Pro ECN Account is the cheapest of the three accounts, which is why it is offered to high-volume traders. This comprehensive approach allows us to recommend limefx forex broker the best brokers for different experience levels, trading styles and budgets. A great solution for crypto investors, clients can open an STP/ECN account with Bitcoin or Ethereum as the base currency. This makes it easy to speculate on traditional financial markets using existing digital assets, without having to convert cryptos into fiat currencies like GBP.