Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Vantage does not offer a comprehensive range of educational resources for traders, putting it at a disadvantage against brokers that make education a priority, https://limefx.name/ such as CMC Markets or City Index. It only took a few minutes to download and sign in and then you can chat with other traders and mirror strategies in a few clicks. No, Vantage is an ECN/STP broker, which means it sources quotes from several external liquidity providers with no dealing desk intervention. Help is available via live chat, email or telephone, with waiting times for responses scoring very well.
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My assessment found that fees at Vantage are competitive, especially in the higher account tiers. The best part is that you only need $50 to access raw spreads in the ECN account, but there are commissions to be aware of. I have no complaints about the wide range of funding methods at Vantage, with plenty of accessible options for global clients. I can deposit using bank wire transfers, credit/debit cards and e-wallets such as Skrill, Neteller and AstroPay.
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I think Vantage could improve its market coverage by introducing Asian share CFDs from exchanges like the Shanghai or Tokyo Stock Exchanges. My only minor complaint is that the selection of shares is lighter than some brokers like CMC Markets. There is also a deposit bonus scheme where you can earn a 50% credit bonus on deposit amounts from $500 up to $196,000+.
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The website itself is well laid out, and a useful search bar allows you to pull up any information you might be searching for in an instant. The trading experience via the MetaTrader 4 and MetaTrader 5 platforms is very much what you have come to expect. The MetaTrader 5 platform in particular has really been streamlined with this latest update. The WebTrader platform and the proprietary mobile app are both similarly easy to use, and beginner traders shouldn’t have an issue getting used to them.
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There are also professional accounts with increased leverage, but fewer safeguards. According to its website, Vantage is founded on the values of accountability, transparency, reliability, integrity and trust. As such, it is quite clear that Vantage takes its regulatory obligations seriously, making this broker one of the safest around. Currently, the National Australia Bank acts as its custodian bank and it is regulated by the Cayman Island Monetary Authority (CIMA). Additionally, it also has indemnity insurance, meaning that user accounts and deposits are afforded a very high level of protection. With our RAW ECN account, traders can experience some of the lowest trading costs in the industry.
- Choose from precious metals, oil and soft commodities to take advantage of major market cycles.
- If you have experience trading with Vantage please share your personal review of the broker and what you think are strong and weak points.
- Additionally, it also has indemnity insurance, meaning that user accounts and deposits are afforded a very high level of protection.
- Help is available via live chat, email or telephone, with waiting times for responses scoring very well.
Non-Trading Fees
Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly. Overall, the writer of this Vantage review found that using the platform is relatively simple. If you have any previous experience of similar trading platforms, then using it shouldn’t be too much of an issue.
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An example of one such trade would be a EUR/USD buy trade, meaning buying EUR and selling USD. I was able to access convenient account management features, as well as trade monitoring. During my testing, I was pleased to see a strong range of 12 chart types and 8 time frames, plus 100+ technical indicators and over 50 drawing tools. Another thing that stands out for me is the level of customizability that I get with the MetaTrader suite. Both platforms feature flexible charts and market watch windows which can be re-sized to my preferences. I can also have multiple charts open simultaneously, which is ideal for active traders.
We fully understand the importance of keeping trading costs to a minimum, so you can realise greater profit. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
With an abundance of FX liquidity in our dark liquidity pool, Vantage is able to provide traders with the tightest Forex spreads available. At Vantage, we fully understand the importance of keeping FX trading costs to a minimum so you can maximize your total Forex trading profit. When you learn and master a consistently profitable forex trading strategy, the potential is limitless. As money management and discipline in executing your trading strategy is key, Vantage has structured our website to contain a plethora of content under both the News and Education menu tabs.
As you can see from my comparison of suitable alternatives below, Vantage rivals popular brokers when it comes to the breadth of markets. Vantage offers a strong suite of trading instruments, with 1000+ CFDs spanning forex, stocks, commodities, indices, bonds and ETFs. I appreciate that there is no minimum transaction on credit card and international bank transfer withdrawals but there are minimums on most other methods starting from $0.01 for Perfect Money.
Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to over 900,000 clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. When it comes to topping up and withdrawing from your account, the options available are very much industry standard. Domestic fast transfers are also available for those who are located in Australia. Additionally, Vantage also supports a number of electronic transfer methods, including Neteller, Skrill and FasaPay.
Experienced copy traders who deposit $2,000 can copy up to 12 strategies in the DupliTrade platform. MT4 and MT5 are hugely popular trading terminals that offer powerful charting tools and customizable layouts. Since both platforms are strikingly similar, I found it useful to compare them side by side in the categories below. However, this is standard practice and Islamic accounts avoid this charge, though an admin fee is levied instead. There are excellent diversification opportunities, especially the bond and ETF offerings, which aren’t available at many alternatives based on testing.
Considering the negatives, though, it is a shame that the broker’s global entity, Vantage Global Limited, is regulated offshore by the Vanuatu Financial Services Commission (VFSC). The VFSC is not a highly respected authority and does not offer the same degree of protection limefx scammers for retail traders in my view. Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs.
We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Yes, Vantage offers a decent mobile app which offers access to account management features and trading tools whilst on the move. The application allows you to place trades, follow market news and create watchlists, but I learned that it isn’t the best for serious charting and technical analysis. Vantage continues to offer commission-free trading on global markets with tax-free profits for traders from the UK and Ireland. Helpfully, you get access to all the same platforms for spread bets, as well as commission-free trading.
One of the areas where Vantage really excels is in the various trading platforms it makes available to you. In addition to the MetaTrader 4 and MetaTrader 5 platforms, which have basically become industry standard by now, Vantage also gives you access to a proprietary Vantage App and a WebTrader app. Additionally, social trading features are available through ZuluTrade and Myfxbook, which can be integrated with your Vantage account. CFDs and Spread Bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.5% of retail investor accounts lose money when trading CFDs and Spread Bets with this provider. You should consider whether you understand how CFDs and Spread Bets work and whether you can afford to take the high risk of losing your money.