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WikiFX
Broker
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Imranali Khatri
Within 1 year

Can you tell me what the typical spread is for EUR/USD when trading on VANTAGE’s standard account?

Broker Issues
VANTAGE
Fees and Spreads
03-12
United States
WikiFX
Reply

Speaking from my personal experience and after closely reviewing VANTAGE, I must point out that this broker does not provide forex trading, including the EUR/USD pair, in its offerings. Their focus is on stocks and securities within Egypt, and there’s no mention of currency pairs, commodities, or indices being available for trade on their platforms. This absence is significant because, as a trader, access to transparent spread information for widely traded pairs like EUR/USD is essential for effective cost analysis and risk management. Additionally, I have some concerns regarding the broader suitability of VANTAGE for those aiming to trade forex. VANTAGE is not regulated by any recognized financial authority, and WikiFX has flagged it for high potential risk and suspicious regulatory status. From a risk management perspective, engaging with unregulated brokers—especially for YMYL (Your Money or Your Life) domains like financial trading—poses serious dangers, including potential loss of funds and lack of recourse in case of disputes. To summarize, for traders like me seeking EUR/USD spreads or any forex-related trading, VANTAGE is simply not an option, and the lack of regulation is a further red flag I consider decisive.

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