It makes the whole process simple, with the broker providing you with everything needed. You can view our sister site ‘prop-firms.com’ where we evaluate the best prop firms and where traders can read the exclusive Vantage Elite Trader review. For traders in Australia, you should strongly consider using Vantage’s raw ECN account as commission rates are extremely competitive. There are regular educational webinars, which are run by a trading education firm called Trade With Precision which focus on topics such as specific technical indicators and trader psychology. 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.

A Guide to Trading CFDs with HYCM Broker

• Vantage provides access to MetaTrader 4, MetaTrader 5, ProTrader, and WebTrader, catering to various trader preferences.
• With the PaybackFX cashback program, traders can enhance their returns by earning rebates on every trade made with a Vantage account, or by opening a new account through PaybackFX.
• Additionally, Vantage FX’s traders can trade with the mobile versions of the MT4 and MT5 trading platforms.
• Key indices include the NASDAQ, FTSE 100, Dow Jones, and recent additions like the Taiwan Stock Exchange Index (TWSE) and the Straits Times Index (STI).

By using Vantage’s copy trading platform, users can track top traders, view their strategies, and automatically replicate their trades, creating an accessible pathway to active participation in the markets. For traders who follow Islamic principles and require a swap-free trading experience, Vantage offers Islamic Account versions for both the Standard STP and Raw ECN accounts. These accounts eliminate swap fees on overnight positions, replacing them with a nominal administrative fee.

Fast withdrawals and 24/7 support

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.

Competitive Forex spreads

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 ever have a problem or an inquiry regarding your Vantage account, there are a number of ways you can contact the customer support team to have things resolved. 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. All of the deposit and withdrawal options come with zero fees from VantageFX themselves, but some options may have fees from a specific bank or financial company. 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.

• 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.
• Compare the spreads from Vantage and Eightcap in the table below to determine which broker aligns with your cost expectations.
• In case you are wondering how these commissions compare to other brokers, Ross Collins did an extensive comparison.
• Then, you simply choose the traders you want to copy based on their performance, strategy and trading style, and their trades will be duplicated on your Vantage MT4 or MT5 account.

With about 60 crypto CFD assets, members of the broker get a rather decent exposure to the crypto market. A dedicated Perpetual account is offered to crypto traders, allowing them to go live with their trades with a minimum deposit of only $5. The spreads for Perpetual account holders start as low as 0.1 pips, with a small commission of 0.025% attached per each side of a trade. It should be noted that Crypto CFDs are available only in certain regions, which include some LATAM countries.

Pros & Cons

The deposit options are especially good for traders in Australia, with a number of instant or completely fee-free options. Vantage has a range of deposit methods, making it pretty easy for most traders around the globe to fund their accounts. Charts By TradingView offers what we believe are some of the best charting options for retail traders. Ross Collins, our chief researcher tested the Raw Account Spreads for 20 MT4 brokers for RAW-style accounts and found Fusion Markets and IC Markets to be among the top choices for tight spreads. At this time, we haven’t tested the spreads with VantageFX ourselves https://lunarcapital.net/ but when we do, we will update this page.

Also, the lack of Micro accounts may limit options for those who trade with smaller positions. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. 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 expert researchers.

I think that you can’t go wrong with any of these platforms if you are just looking to study the charts, place and manage positions. However, if you have more complex trading strategies and want to explore a plethora of built-in trading tools, then you will probably edge more towards the MT5 platform as it has the most functionality. That being said, MT4 can be expanded with free and paid add-ons to improve its capabilities. The Vantage platform is also good in its own right but if you change brokers down the line, you will need to learn another platform all over again. This is great as it means they will not take the opposite side of your position as a market maker would. I like that this ensures there is no conflict of interest between my trades and the broker.

Trading fees and other costs

The WebTrader can be accessed through all popular web browsers, such as Chrome, Safari, Firefox, and Edge. Vantage provides access to MetaTrader 4 (MT4), a popular and user-friendly platform known for its reliability in executing trades. This platform offers powerful charting tools, technical indicators, and automated trading options using Expert Advisors (EAs), making it suitable for both new and experienced traders. MT4’s ability to automate strategies, along with its customizable features, enhances its appeal, especially for those looking to backtest trading strategies or trade without constant monitoring. Vantage is a multi-regulated ECN online broker with flexible trading platforms and account types to suit different trader needs. They provide a vast array of additional trading tools and convenient account funding methods.

Does VantageFX offer a demo account?

Whilst many of you probably wouldn’t even notice the difference between a broker using the bridge and one that does not, even the small discrepancies between prices can add up over the long term. It also emphasises that the broker is trying to stay at the forefront of innovative LunarCapital courses scam trading technologies which helps to set them apart from competitors. Vantage offer trading services to clients from most countries excluding residents of certain jurisdictions such as the United States, North Korea and some other regions. You can use our broker comparison tool to find another suitable option if they do not serve your country. Vantage, as well as many other broking firms, could improve in this regard, especially with providing education and tools for the experienced trader. 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.

The web trader keeps the same intuitive interface and majority of functions as the desktop platform. Vantage has professional indemnity insurance cover in place to cover the work done by their representatives, employees and other authorised representatives. I appreciate how they take regulation very seriously and aim to provide a transparent and safe trading environment to all clients whatever their experience level or investment size.

Vantage also offers negative balance protection, giving clients peace of mind that they cannot lose more than their account balance, even during periods of heightened market volatility. All data transmissions are protected through Secure Sockets Layer (SSL) encryption, and the broker supports two-factor authentication (2FA) to reinforce account security during login processes. These measures collectively work to prevent unauthorized access and protect personal and financial data from cyber threats.

Vantage FX provides traders with the MT4 trading platform, an advanced trading platform that was introduced in 2005 by MetaQuotes. It is the most popular trading platform among forex and CFD traders due to the abundance of essential trading tools that ensure an enhanced trading experience. The platform becomes more useful when connected to the broker’s deep FX liquidity pools via the custom-made oneZero™ MT4 Bridge. MT4 is available as a desktop application for Windows and Mac computers, WebTrader, and a mobile app for Android and iOS devices.

All withdrawal requests are processed via the payment method that was used to make a deposit. For instance, Debit/Credit Card withdrawal can only be used for accounts that made deposits using a Debit/Credit Card. 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. However, before making a final decision, it is important to conduct thorough research.

Competitive prices and low fees will allow futures traders to get a larger exposure to multiple markets and diversify their trading portfolios. 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. MT5 has 21 timeframes compare to MT4’s 9 timeframes as well as support for more order types and additional built in technical indicators for further market analysis. The netting and hedging position accounting system lets traders maintain full risk management control of their account. Whilst MT4 remains the most popular trading platform, its successor MT5 has some additional features whilst maintaining the overall intuitive feel and features of its predecessor.