I kept my mouth shut and let him continue to spew his sales pitch. Naturally, trading is always risky and you are likely to make a few mistakes along the way.
A bonus that makes Vantage FX stand out from the crowd
I told Kevin that I was going to purchase the software package, but I just needed to talk with a real trader making profits.
After hanging up the phone with Kevin Garniak, I next picked up the phone and called the front desk operator at Vantage Point Software. I asked if there was an employee named Matt Golden.
The front desk operator confirmed that Matt Golden was an employee. Next, I called the cell phone of Matt Golden. Wow, was Matt Golden more than enthusiastic about Vantage Point trading software.
Was Matt Golden the guy in background ringing the cowbell? Of course, all of this is highly unethical and some might say is downright fraudulent. Instead, I would like to offer some choice quotes from purchasers of the trading software.
These quotes were pulled from the pages of Forex Peace Army. Its important to note that Forex Peace Army does have some positive reviews regarding Vantage Point software, but they appear to be shill responses from the virtual swamp of negative reviews.
Lets take a look at what a few individuals have written about this trading software:. I would even go so far as to call it a scam. Vantage Point is over priced garbage. Within 4 months my entire trading account was wiped out.
Vantage Point in my opinion is overpriced and probably a borderline ripoff. Hello everyone thinking of purchasing vantagepoint software. I spent the money for the entire futures package and I am embarrassed to say how much it was because I was taken for a ride. Ok, let me be honest. The bottom line is this: VP is one of many scams out there run by people who have no heart or soul and can sleep at night after robbing hard working people.
Some readers might be tempted by the day refund policy. But before you allow your money to be transferred out of your account, you should also read the page upon page of negative comments from people that were not able to receive their refunds, either outright or through clever linguistics contained within the sales contract. Vantage Point software is not in the business of happily handing out refunds. It appears that a lot of people get drawn into Vantage Point trading software because they read a positive review from a third party website, that spoke highly of the product.
But what you need to realize is that Vantage Point offers a very handsome affiliate program that pays generous commissions to whoever is referring traffic. A quick google search reveals many of the usual suspects. As much as TradingSchools. As many of my readers already know, I am former boiler room guy that trained hundreds of salespeople how to rip off people from shady investment products. The sales operation of Vantage Point reminds me of everything that I despise about my old life.
Just fucking lying to people for a quick buck and having no remorse for the financial devastation and pain that is inflicted upon others. Thank you for taking the time to read this review. It was a bit of a long review, and I know that most of you are too busy for a word diatribe. But this company is obviously running a large operation and I wanted to make sure that potential purchasers of the product have the complete and honest story of how this company operates.
As usual, its my opinion. Your opinion is more important. And I would love if you would make a comment, or if you have purchased the trading software from this company, would love to read your story. This site uses Akismet to reduce spam.
Learn how your comment data is processed. Great review, I saw an article on yahoo finance that referred to this software which in all actuality was probably just a clever ad. Plus LOTS of help with different types of investment.
They currently have an A rating with one negative and about a dozen positives. Vantage Point Trading Software. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. Open an account today Get Started. Trade with a leading Australian Broker.
You support us through our independently chosen links, which may earn us a commission. This does not impact our completely unbiased research, which is respected by broker executives as among the most thorough on the web.
Thank you for your support. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Best in Class 39 of 43 Overall. No commission, but spreads are higher than the ECN Raw account, with 1. Vantage FX offers an active trader program that is structured like hybrid bonus offering, as can be seen in the excerpt below from the broker: Regulated in Major Hub.
Regulated in Emerging Hub. Authorised in the European Union. Currency Pairs Total Forex pairs. Cryptocurrency traded as actual. Cryptocurrency traded as CFD. Forex News Top-Tier Sources. Here is a good comparison tool for spreads: Can also compare brokers based on other criteria under the Broker menu along the top of MyFxBook site.
Hi Cory, — Thank you very much for taking to to reply me — Really highly appriciated — Thanks. I am using FXCM for demo trading and honing my skills. Thanks in advance for your answers. Would it be safer to use FXCM? Is that the main reason FXOpen is a better fit for day trading? There are no features like that at least that I know of.
BUT, you can easily hook up MetaTrader to a site like https: So that is an option to consider. FXCM may have a slight advantage in that their Trading Station platform is pretty good nicer looking than MT4 and easy to use , and you can also use NinjaTrader, which is a good day trading platform.
Since the commissions are the same, I would recommend opening a demo account with both brokers and seeing who offers the tightest spread consistently. There may be some others out there though that I am not aware of smaller brokers for example, which may provide better trading terms. If yes, what do you think about them? I am new to Forex trading and really happy to have discovered your website. I am finding your articles really helpful.
I am presently working with a micro account. An ECN account charges a commission fee. ECN accounts should have lower spreads difference between bid price and ask price than other types of accounts offered. So if the ECN account has a smaller spread, it is usually worth paying the small commission and receiving the smaller spread. The spread is smaller than a normal account, but larger than an ECN account.
I like using the ECN account because the small commissions cost me less than constantly paying a larger spread. For day trading, an ECN account is highly recommended. I use an ECN for swing trading as well. If you are only taking longer-term trades—trades that last a week or more—then a STP account is fine. As a newbie day trader wannabe, I keep on reading your posts.
Keep them coming, they are very helpful. Much thanks to your efforts. True ECN Another thing I really like is that it is a true ECN broker, meaning your sell orders can be filled on the offer and your buy orders can be filled at the bid if using limit orders. Rollover Rates Rollover rates , or swaps, are how much you get credited or debited for positions you hold overnight, depending on the interest rates in those currencies. FXOpen does not provide services for United States residents.
This should not be considered personal investment advice. You May Also Like. Hi Cory, Just gotten your Forex strategies guide Ebook and i am looking through the available Forex brokers to start a demo account. The spreads and commission are low. Hi Cory, Thanks for a Great Site and for all the information you are sharing for free. Best regards Michael Larsen. Hi Cory, — Thank you very much for taking to to reply me — Really highly appriciated — Thanks Michael.