However, there may be fees charged by your personal bank for an international wire transfer. In summary, the withdrawal process works smoothly with this broker and is also free of charge! Overall, Vantage Markets has more than 180 different tradable assets. These include forex (currencies), indices (Dax, SP500, etc.), commodities, precious metals, energies, and cryptocurrencies. The selection here is huge, and every trader should find their matching asset to trade.

Test and review of the Vantage Markets trading platform

A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Read our full explanation and accounting of our research and testing process to learn more about how we test. Yes, based on your detected country of FI, you can open an account with this broker. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. I had some issues regarding a crypto deposit that has been sent into the wrong wallet address and it was been dealt solved on a very professional way.

Depending on your style of trading, you may like the offering of these brokers. Over the last period we have been receiving a lot of calls from people who report having problems with the apparent online trading activity by this company. Based on our assessment – the ECN account is the best option if you are an active forex trader looking for the lowest fees. On the negative side, the lack of crypto trading for global clients means it isn’t the best choice for dedicated crypto investors. We also don’t recommend Vantage if you want to deposit and withdraw using PayPal. The company now has over 1000 employees in over 30 offices and it serves traders from 172 countries.

After entering your personal data, the email address must be confirmed. In addition, the broker asks you to verify the account with appropriate documents before the first deposit. This bank has the highest rating and a more than $ 93 billion market capitalization. This is one of the safest banks in the world, and client funds are kept separate from company funds. Vantage Markets is one of the safest brokers in the world compared to other brokers due to the facts mentioned above.

But is it possible to recover the money after having suffered an online scam?

• More importantly, to prevent the rare cases of accounts entering negative balance, the broker has put in place features such as margin and stop out.
• Additionally, the lower price point of $200 to join the program makes it more accessible.
• Although Vantage offers access to a lot of Forex pairs and shares CFDs, popular instruments such as cryptocurrencies and some exotic Forex pairs are absent.
• Considering the quality and depth of research that is made available by the best forex brokers such as IG, Saxo, and CMC Markets, there remains considerable room for Vantage to improve in this category.

Also, Vantage does not offer clients negative balance protection which implies that traders can easily lose more money than the balance they have in their trading accounts whenever they have losing trades. Instead, the broker immediately closes losing trades if it appears that they will lead to the trader losing not only all the funds in their account, but even end up owing the broker. Our only major criticism is the hefty minimum deposit of $10,000. Whilst this won’t deter many high-volume traders, it is noticeably higher than most of the pro forex trading accounts we have assessed. Across these platforms, Vantage  provides quick market execution, quality charting and analysis tools, and the ability to enter limit and stop orders.

The screens and graphs shown within the aforementioned platform did not correspond to reality and had the sole purpose of inducing our client to pay further money, enticed by the fake profits shown by the platform. By the Financial Conduct Authority (FCA) under Vantage Global Prime LLP, for institutional clients. Vantage also has an entity that holds regulatory status with the Cayman Islands Monetary Authority (CIMA), and by the Vanuatu Financial Services Commission (VFSC) in Vanuatu. While the broker’s research and educational offerings continue to expand, Vantage has a ways to go if it wants to compete with the best brokers in those categories. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

We may receive compensation from the companies we write about. https://worldtradex.blog/ Always verify that your broker, is licensed by your local financial regulator. There are hundreds of online brokers all competing for your business.

Demo Account

Importantly though, traders should be aware that while higher leverage offers the chance of boosting revenue it does come with the risk of greater losses. With this in mind, I recommend employing risk management tools. I also suggest beginners think carefully before trading forex with such high leverage. The Raw account uses an electronic communications network (ECN). This system acts as a kind of hub for different liquidity providers and allows traders to enjoy tighter spreads but also incurs a commission.

Positions can be opened and closed in a few seconds via smartphone. They offer many solutions for managed accounts, automated trading, and signals. Social trading is offered via service providers like Duplitrade, ZuluTrade and Myfxbook. January 2024 they introduced the new social trading from Pelican called Vantage Plus. There is a very high degree of risk involved in trading securities.

This social trading platform is attractive as it will continue to copy forex trades even when I’m not connected to the platform. The Vantage App is fine for managing your account and keeping track of positions on the move, but it isn’t suitable for advanced charting and technical analysis in my opinion. It is a better fit for casual traders who will appreciate the custom watchlists and news updates. We also note that withdrawals are only processed Monday to Friday, so traders should be aware of this when requesting funds. It is important to acknowledge that the realm of trading is multifaceted.

Vantage offers its own mobile app alongside the MT4 and MT5 apps. These applications can all be downloaded to https://worldtradex.site/ iOS or Android devices. You can use these apps to execute trades, view news and charts and create custom watchlists.

I find the Vantage app to be more user-friendly than the MetaTrader options, but this will ultimately come down to trader preference. On the downside, our team do highlight that the VFSC is not a well-regarded regulator and the FSCA is not on the same level as the ASIC or FCA. Ultimately, this means Australian and UK clients will get the best regulatory coverage. If the trading criteria are met Vantage offers access to TradingView Pro, Pro+ and Premium and will refund your monthly membership costs. It also doesn’t have the hefty deposit of DupliTrade, making it better for traders on a budget.

We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Importantly, both accounts have a low minimum deposit of $50, which will appeal to those on a budget. This is also cheaper than many forex brokers we have reviewed, including IC Markets, which requires $200. Alternatively, prospective users can sign up with their social media accounts, choosing one of Facebook, Google+, or LinkedIn.