You must deposit at least $ 500 for the RAW ECN account and at least $ 20,000 for the PRO ECN account. The capitalization of the trading account is elementary and works through proven methods. This bank has the highest rating and a more than $ 93 billion market capitalization.
The advantage of OTC trading over trading on an Exchange is that there is no need for a dealing desk, and client orders are filled much faster. When we test a broker’s customer support team, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. Compared to the broader industry, Vantage offers an average number of currency pairs and a high number of commodities, indices, share CFDs, and cryptocurrencies. With its affordable prices, extensive educational content, and choice of limefx forex broker lower-risk securities, I find Vantage suitable for beginners as well as day and position traders.
Are Vantage Markets regulated?
Vantage is a no-dealing desk trader and offers STP and ECN forex trading accounts. In addition to all the other account features available, Vantage has also got a number of other bonus features that make an account with it even more appealing. This includes a ‘refer a friend’ scheme, an active trade programme, a 50% deposit bonus, and a rebate scheme.
Vantage Main Features
The broker displays live spread info on its website, which is easily accessible to visitors of the website. I also compared the numbers displayed to the broker’s live quotes on the platform and determined that they matched. Yes, Vantage Markets is regarded as a safe broker since it is regulated by several respected bodies, including ASIC and the FSCA, which maintain strong financial standards and regulations. Yes indeed, instructional resources are available to all traders who wish to improve their trading knowledge and skills. ✅ Finally, please submit your withdrawal request, and we will process it promptly. ✅Please provide your external cryptocurrency wallet address along with the desired withdrawal amount..
- Funds deposited via bank cards and most e-wallets are processed instantly.
- ✅Please provide your external cryptocurrency wallet address along with the desired withdrawal amount..
- You should take into consideration several factors, such as whether the account type has a minimum deposit requirement, its spreads and commissions, the execution method, and more.
- Nonetheless, the client area does include the TradingView-powered sentiment indicators which are very useful.
- Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
Bonuses & Promotions
Most deposit methods are free, but some, like China UnionPay, may charge up to 2.5% fees. Withdrawal costs are competitive, with some methods charging $20 for telegraphic transfers, a 2% fee for Neteller withdrawals, and a 1% fee for Skrill withdrawals. The Raw ECN account charges $3 per lot per side, resulting in a $6 round turn, making it competitive for direct market liquidity traders. The PRO ECN account reduces fees to $1.5 per lot per side, making it cost-effective for expert traders dealing with large volumes. They offer commissions tailored to various trading styles and volumes, ensuring traders can confidently operate.
What are the typical spreads for major forex pairs at Vantage Markets?
In our experience, both deposits and withdrawals to the platform are processed quickly with minimal delay. I noticed that the only distinction between the three account types, except for the minimum deposit requirements, are the pricing mechanisms for the three. In terms of value, the Professional account undoubtedly offers the best conditions – raw spreads and low commission.
Most significantly, Vantage’s educational materials cover every major trading topic, including technical analysis, fundamental analysis, risk management, and the psychology of trading. The ProTrader basket of tools comprises different features, such as an economic calendar, limefx official site market buzz, featured ideas, technical insights, and more. I appreciated the wide range of cash indices and futures indices. It favors day traders because they can lock in more favorable entries into trades. Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery.
