VantageFx UK is an STP forex broker that is based in the City of London at Dowgate Hill House, 14-16 Dowgate Hill, London, EC4R 2SU. Regulated by the FSA (Reg. #: 501057) catering to the UK and European markets. VantageFx UK has won many awards including the Best Forex broker finalist aware at “The Stockies 2011, Best Forex broker Australia by IB Times Awards 2011 and more.
VantageFX offers a host of trading products including Forex, Gold, Silver, Oil and Indices. Variable spreads are collated from over 70 institutional banks thus offering one of the best bid/ask prices. When opening an account with Vantage Fx UK, traders funds are secured in a segregated account with NatWest Bank UK thus ensuring the highest level of trader’s capital liquidity as well as security of funds.
Vantage Fx ECN Details
|Standard Account||Pro Account|
|Min. Deposit||£350 (or equivalent)||£3000 (or equivalent)|
|Spreads||From 1.2 Pips||From 0.4 Pips|
|Commissions||N/A||£ 2.25 per 100K|
|Instruments||32 currency pairs, gold & silver and 6 CFDs|
|Min. Trade Size||0.01 Lot||0.01 Lot|
|Base Account Currency||USD, GBP, EUR, JPY|
|Deposit Methods||Credit Cards, Moneybookers, Bank WIRE|
About the Company – Vantage FX UK
Regulated by the FSA, Vantage Fx UK works closely with their partners, Enfinium Pty Ltd. based in Australia. Providing the industry leading MetaTrader platform, VantageFx offers a host of trading tools that include use of EA’s, VPS service, Autochartist and MYFX Console and much more. Vantage FX’s liquidity pool is made up of 72 institutional banks and also provides traders with segregated bank accounts managed by Natwest bank UK.
Vantage FX UK – Trading Tools
VantageFX Uk seem to have clearly put the trader in mind as evident from the host of trading tools and educational material available for their traders. VantageFX UK’s EA Testing lab is offered exclusive to the traders where in traders can test up to two EA’s per month and also get custom Expert Advisers programmed based on the trader’s strategy and requirements.
Vantage FX EA Labs – How it works
Every month, VantageFX applies a minimum of 2 Expert Advisors (EAs) onto MetaTrader 4 Demo Accounts. Each of the demo account balances start at US$5000 on the first day of every month. To make use of the EA Labs, traders need to create a live funded trading account with VantageFX.
Vantage FX UK VPS is available for traders. The VPS solution is offered by 4xHosting.com at special prices for VantageFX UK Clients. The basic VPS package starts at £15.00/Month and the high end VPS package is available at £50.99/month.
MetaTrader for Mac is a great trading platform that is compatible with Mac and Linux based computers. Traders at VantageFX UK can download the MT4 for Mac platform free of cost.
Vantage FX Swaps and Rollovers
When trading spot Forex and metals, all trades will be settled in two business days from date of entry, as per normal market convention. Because Vantage FX UK is not involved in the physical delivery of trades, all open positions at the end of the trading day (20:59.59 server time 21:59.59 BST) will be rolled over to a new value date and will therefore have exposure to a swap charge or credit.
For trades held open from Wednesday to Thursday as per server time, the new value date becomes Monday, rather than the weekend. This means the rollover charge on a Wednesday evening will be three times the usual value indicated on the table.
Vantage FX UK – Overall Review
A strong brand that offers FSA regulation as well as seggregated bank accounts for trader’s capitals ensure that trader security is of highest importance. Vantage FX UK operates on an STP model with competitive commissions in the market today. Pricing feeds are made up from over 72 liquidity providers ensuring the best bid/ask prices for the traders.