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Vantage Forex Broker Review

Vantage is a multi award-winning Australian broker primarily known for its forex trading. Founded in Australia in 2009 and regulated by two internationally recognized institutions (both tier 1), Vantage offers you a reliable brokerage to trade CFDs on forex, commodities, indices, shares, and some cryptocurrencies. It offers good customizability on its web platform and also a mobile app that is somewhat secure and relatively easy-to-use.


Vantage offer a variety of top trading platforms including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) developed by MetaQuotes. MetaTrader is freely available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). All of the platforms update simultaneously so that you can open, manage and close positions in real time from multiple devices. The broker also has their own proprietary Vantage mobile trading app.

Vantage App

The Vantage App allows you to access the global markets and trade from anywhere at any time. It offers traders easy, yet powerful mobile access to hundreds of FX Pairs, Commodities, Indices, Share CFDs and more. The Vantage App is available for both iOS and Android devices and is equipped with a suite of trading and investing tools.

Vantage Mobile Trading App (photo)

I found it very user-friendly and easy to navigate. However, I felt that it didn’t have the advanced market analysis capabilities of the MetaTrader apps. That being said, it would be absolutely fine for checking market prices and managing positions from the comfort of your mobile device.

Security and Regulation

Trust and security are of vital importance no matter who you are trading with, or in which market. With a forex broker, this is also the case and an area that Vantage FX clearly treats as a top priority to ensure you the best possible trading environment.

The broker has in place regulation from several well-respected regulatory bodies around the world. These include oversight from ASIC in Australia, the FCA in the UK, and offshore from the CIMA in the Cayman Islands, and VFSC in Vanuatu. This positions them well as a broker with top-tier regulation in place but also allows them to offer a degree of flexibility through the additional offshore regulatory bodies.

Key Features

As a broker for more experienced traders, Vantage provides good features to help those that need support when opening an account, featuring copy traders, demo accounts, video tutorials, and many charting tools.

Demo Account

For a trial period users can download the desktop platform or trade on the web trader as a simulation. This offers valuable time to understand the platform and get to grips with the interface before putting in any of your money.

Copy Trading

There are four alternative platforms available for social copy trading that Vantage have partnered up with, including ZuluTrade, DupliTrade, MetaTrader Signals and Myfxbook.

Charting Tools

There is a good range of charting tools available to users like indicators, drawing tools, and trade form charting.

Commissions and Fees

When calculating the fees you will incur using Vantage, it’s crucial to know what account you are going to be using, as this will determine the rate you pay. There is a mix between low commission accounts with higher spreads and slightly higher commission accounts with better spreads but for heavier traders.

Check out the specific rates below:

  1. Standard STP: This account features zero commissions, but has the highest spreads (1.1 pips); on the other hand the standard account offers rebates of $8 per standard lot.
  2. Raw ECN: Spreads here are more favorable (0.08 pips), but incur a commission of $3 per side (totalling 0.68 pips).
  3. Pro ECN: The cheapest option; commission fees are $2 per side, and those that can deposit $20,000 or more will get the best rates. The Pro ECN is also competitive with many others in the industry.

Additionally, there are zero non-trading fees, which is a great feature for a broker (usually discouraging traders to hold assets for longer periods of time). In terms of cryptocurrency, the CFD trading stocks are average-high when compared to its market competitors. All deposits and withdrawals are free, but with some exceptions (details above).

Customer Support

Customer support on Vantage is average, while it has a live chat it’s not 24/7 and can be unreliable. Here are the features offered:

  • Live chat (not 24/7)
  • Phone Support
  • Poor email support
  • Contact time is Monday to Friday (9am-5pm)


Overall, Vantage is a multi-regulated CFD broker with a great choice of industry leading platforms and very powerful trading tools. There is everything you would need to conduct professional market analysis. You can copy other traders, develop your own strategies and run automated systems. I like that they have a reasonable selection of trading instruments across multi-asset classes but think they could perhaps add some more. That being said, you will find most of popular assets available to trade with accounts that have low spreads and no commission fees. I found the customer support to be prompt, polite and efficient. Finally, you can choose from a convenient selection of funding options.

Strategies to Make your Money Works for You

Forex – the term on its own sounds complicated, some people directly relates it to risks and dangerous. While, in reality, just like any other forms of investment, it could be dangerous only if you have little knowledge.

You can simply be a long term investor, or you can sit and watch the market every day looking at your profit growing. There are enough strategies out there to meet any investment goal.

Simple forex trading system is following the daily or weekly trend. Review the charts and find a trend that seems well supported and get in. Set a reasonable stop and plan out a target. You will find this strategy easy as you don’t need to watch the market constantly, you can trade when you have time.

You can also choose to do day trading as forex market is always moving 24 hours a day, 6 days a week. Forex market is always moving at least a little. You can pick and choose your time depending on what you like to trade. Most day trading strategies revolve around forex technical analysis, if you have sharp eye and a plan, you can catch it and take some profit from it.

Some may have more old-fashioned approach to investment. You may prefer to invest in something you understand better rather than looking for a signal on their chart. Fundamental forex trading will work best for this category. You follow the news for several countries and play the countries with strengthening economic trends, against the ones with weakening economic trends. You look for how things shape up over the long term while you shall learn to understand the economic reports and compare them to other countries.

While Forex may sound complicated, anyone will have the ability to learn with patience and from mistake. Skills can definitely gained over time, it takes some persistence. It may frustrate some people in the beginning, you need to step back, keep an eye on the big picture and trade small, at least at the beginning.

I started my trading from this site, it is incredibly easy to use and they provide bonus as an encouragement. Feel free to explore XM trading here.

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Considered by many new to forex trading to be one of the best forex brokers online, Cyprus based eToro was founded fairly recently in 2006. eToro is regulated by CySEC in Europe and ASIC in Australia, as well as the CFTC and NFA in the United States.

In terms of suitability, eToro would probably have the greatest appeal to newer forex traders or forex trading dabblers that require educational materials and are happy to use a more simplistic forex trading platform.

Account Types

Demo Accounts – eToro offers a free demo account to those who wish to practice trading with the online forex broker before they actually fund an account. This account is funded with $10,000 of virtual money and can be used to test the performance of manual or automated trading systems.

Standard Accounts – eToro offers four types of standard trading accounts: Bronze, Silver, Gold and V.I.P. Traders can qualify for successively better account types depending on how much volume they trade or how many funds they deposit. Better account types offer improved services and trading conditions.

Islamic Accounts – Those who do not wish to pay or receive interest due to automatic forex rollovers at 5:00pm EST can open an Islamic account with a minimum deposit of $1,000 that is operated in accordance with Islamic Sharia law. Instead of rolling over positions, all positions open at 5 pm EST are automatically closed out. The trader can then reestablish the positions immediately.

Funding and Withdrawal Options

eToro offers a variety of forex trading account funding options. You can fund accounts with as little as $50 using credit cards, PayPal balances, Neteller, MoneyBookers, WebMoney and GiroPay in Germany. A higher minimum deposit of $500 is required if you fund via bank wire transfer, Western Union or MoneyGram.

Withdrawals can be initiated via an electronic form, with some fees charged depending how large an amount is withdrawn. First time withdrawals require additional documentation.

Trading Platforms

eToro aims to make forex trading fun by offering its own innovative animated trading platform. The broker also partners with Tradonomi LLC to offer that company’s more professional online trading platform to its clients.

The company also offers a web based platform called WebTrader that can suit Mac or Linux users, as well as traveling traders. In addition, eToro offers its Mobile Trader app for Android mobile devices to clients free of charge.

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