The Vantage FX swap-free accounts are available for Forex traders who are unable to receive or pay swaps due to religious beliefs. Vantage FX Swap-Free Accounts incur no swaps or interest charges on overnight positions. Instead, the account holder is charged an administration fee on overnight positions which is deducted from the balance of the account. Although deposits at LimeFX can be made for free with no fees incurred, some withdrawal processes have a cost. The account opening process is straightforward with LimeFX. In the following section, we will guide you through the depot opening.
You can decide for yourself if
LimeFX is a good broker for you or not by reviewing the criteria. In general,
LimeFX provides trading service in
Forex , CFD , Oil and Indexes . As for the payment methods, you can choose between
Bank Wire, Credit Card, BPAY(Australia Only), POLi, Neteller, Skrill, JCB, China Union Pay, Fasapay, Broker to Broker and Crypto. The customer support is available via
Email, Live chat, Office, Phone and Skype. Vantage FX was founded in 2009 by a highly-specialised team with backgrounds in Finance, FOREX and Technology. A Forex broker is a company that provides traders with access to platforms that allow them to buy and sell foreign currencies.
Vantage FX vs IC Markets – Verdict
MetaTrader 5 is an industry-standard platform offered by the most trusted Forex brokers, and Vantage is one of them. On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created scammed by limefx a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom.
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. In addition, the broker constantly strives to expand the offer and implement new markets.
CFD trading conditions
Our mission is to provide online investors with the most unbiased, comprehensive reviews and ratings of self-directed brokers. Vantage clients can access a vast pool of professional traders and profitable trading systems through the ZuluTrade. They keep clients’ funds in a segregated account with AA rated National Australia Bank (NAB).
How old is Vantage FX?
Since our inception in 2009, Vantage has offered retail Forex trading clients an unparalleled trading experience.
For example, react to the go-to exciting market news or simply control your portfolio. Positions can be opened and closed in a few seconds https://limefx.club/ via smartphone. Our simple and intuitive trading app allows you to trade over 400 different instruments no matter where you are.
Vantage FX Safety and Regulation
Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Vantage FX provides a good selection of market analysis materials, but these are all curated by third-party providers. Vantage FX also offers regular webinars – run thrice weekly – a real advantage for beginners trying to find their footing in the Forex trading space. Vantage Fx’s trading tools are excellent compared to other brokers. The advantage of using the MetaTrader platform is the cross-device and multi-broker functionality, making it easier to change brokers or use multiple brokers.
You may be asking, “is Vantage FX good to trade with?” especially as their minimum deposit amount is higher than the average. It’s similar to asking, is Robinhood good because of their payment options and minimum deposit amounts. VANTAGE FX provides a selection of educational tools including a step-by-step guide Learn to Trade Forex, with a market overview, market analysis, and trading psychology.
Lists Featuring This Company
Nevertheless, we received relevant answers and the staff was very helpful. We really liked that you can change the default leverage size of the products when trading. You can’t set alerts and notifications on the Vantage web trading platform. However, the platform feels outdated and some features are hard to find. For example, it took us a while to figure out how to add an asset to our watchlist. We tested the debit card withdrawal and it took 1 business day.
- Opinions, market data, and recommendations are subject to change at any time.
- Overall, Vantage FX’s CFD offering is limited to other brokers, which may leave more experienced traders dissatisfied.
- At Vantage FX, you have the option of several CFD trading locations.
- Each one of these is graded, and an overall score is calculated and assigned to the broker.
In case of violation of these rules, an immediate withdrawal of the regulation and license threatens. The regulation thus creates a high degree of trust between the trader and the broker. Fraud can be completely ruled out with an utterly regulated offerer to 99%. Vantage uses the world-famous MT4 and MT5 trading platform to allow traders to have user-friendly access to global markets. Furthermore, the company has provided a comparison between MT4 and MT5 platforms that might help traders have a broader view.
A broker to recommend
This means that the broker is connected to a network of large liquidity providers. The liquidity providers are transparently visible on the homepage. Large, well-known banks (HSBC, Bank of America, UBS, and more) are among them. With the Vantage app, a proprietary app, traders can enjoy easy yet powerful mobile access to FX Pairs, Commodities, shares and more.
Accounts are accessible from both platforms MT4 and MT5, with leverage depending on which entity you trade, thus which regulation is applicable. LimeFX is a global, multi-asset broker offering clients access to a nimble and powerful service for trading CFDs on Forex, Commodities, Indices, Shares, and Cryptocurrencies. With more than 10 years of market experience and headquartered in Sydney, LimeFX now has over 1,000 employees/personnel across more than 30 global offices. With our RAW ECN account, traders can experience some of the lowest trading costs in the industry. We fully understand the importance of keeping trading costs to a minimum, so you can realise greater profit. Vantage FX provides research primarily from third-party content providers such as Trading Central.
Are there fake forex brokers?
Scam brokers often make claims such as “make $50 a day from a $250 investment” or “make 80% returns on profit signals” or “96% success rate.” These claims are a scam, regardless of whether they are being made for forex, CFDs, or binary options. Forex brokers should not promise returns at all, small or large.