Vantage has built a decent foundation for a new mobile trading application with its Vantage App. However, I am not a fan of the ads, and it is still a long way off from competing with the best mobile apps in the industry. As an UK regulated Forex Broker, Vantage offers transparent access to global Forex markets. Environment with no dealing desk intervention will allow Forex traders to realise profits no matter how big they are.
Demo Account
Traders can speculate on leading companies in the US, EU, UK and Australia including brands like Tesla and Apple. Short, medium and long-term trading strategies are catered for, as well as algo traders through Expert Advisors (EAs). There is also an excellent range of indices and ETFs for those who https://limefx.group/ want to diversify portfolios. It provides a trusted trading ecosystem that enables clients to achieve their own success, in a faster and simpler manner. Vantage’s research is sourced primarily from third-party content providers such as Trading Central, and it lacks substantial in-house content.
Trading Fees
As expected, wire transfers are processed within 1 – 2 business days for domestic transfers and 2 – 5 business days for international transfers. Traders enjoy social and copy trading at Vantage with the MetaTrader packages, DupliTrade, ZuluTrade and Myfxbook. ZuluTrade is one of the best social trading communities, using a sophisticated algorithm to rank top signal providers. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Read our full explanation and accounting of our research and testing process to learn more about how we test.
Does Vantage Offer Low Fees?
The default dark mode workspace is easier on the eye, especially when layering color-coded indicators and graphical objects. Traders can access a free demo account at Vantage which gives you $100,000 in virtual funds to practice with. It’s also good to see that bank transfers, cards and some e-wallets are fee-free. As for licensing, I’m glad to see that many clients will be registered under tier-one-regulated entities. Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website.
Trade with our featured products
I’ve been particularly impressed with the wide range of up to 10 base currencies in the Standard and RAW accounts and the accessible $50 minimum deposit. This makes Vantage a good option for global traders and those with less starting capital. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. The only downside is that you don’t get access to a library of additional indicators or trading robots.
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The forex market is the largest financial market in the world with a turnover of well over £4 trillion a day. Almost every single transaction on all tradable markets, including futures, bonds and stock markets all have a traceable forex trading impact. All banks, governments and companies are participants in this vastly liquid global FX market.
Vantage is a no-dealing desk trader and offers STP and ECN forex trading accounts. In addition to the auto trading features in the MetaTrader 4 and MetaTrader 5 apps, Vantage also provides users of the platform with access to ZuluTrade and Myfxbook AutoTrade tools. These additional tools are a great way of adding some social and automated trading features to your trading account. The Myfxbook AutoTrade tool allows you to seamlessly integrate copy trading into your Vantage investment account by connecting you to a growing network of over 90,000 forex traders. Similarly, ZuluTrade integrates into your Vantage trading account and gives you instant access to a network of over 10,000 professional day traders.
With one simple MetaTrader 4 login, you will be able to access your MT4 trading account anywhere, anytime. Compare Vantage with the top 3 similar brokers that accept traders from your location. The broker is available 24/7, which is a notable advantage compared to the 24/5 support offered by many competitors. Overall, beginners and intermediate traders should find plenty of resources at Vantage, though I would say that the selection is not as comprehensive as other brands like IG.
Past performance is no indication of future performance and tax laws are subject to change. The information in this website is general in nature and doesn’t take into account your or your client’s personal objectives, financial circumstances, or needs. Please read our legal documents and ensure you fully understand the risks before you make any trading decisions.
As you can see from my comparison table below, Vantage stands up well against top competitors when it comes to available payment methods. As you can see from my comparison table below, Vantage stands up well against two of the most tightly regulated brokers in the industry, Pepperstone and AvaTrade. Telephone calls and online chat conversations may be recorded and monitored. It isn’t suitable for everyone and, in the case of Professional clients, you could lose substantially more than your initial investment.
- Ultimately, I think the app will work well for beginners or anyone looking to stay up to date with market events whilst on the go.
- A full list of fees is readily available and easily accessed via the homepage – simply click on the payment options icon at the bottom right-hand corner of the homepage.
- I also like that all accounts are compatible with the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as the broker’s full range of assets.
- The availability of the MetaTrader platforms and VPS also means that active day traders using automated systems are catered for.
- 73.5% of retail investor accounts lose money when trading CFDs and Spread Bets with this provider.
- Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
As a platform primarily dedicated to forex and forex CFD trading, the forex trading on offer is generally pretty solid. Vantage gives users instant access to deep liquidity on the live currency markets across over 40 currency pairs. While quite limited when it comes to the more exotic currency pairs, all of the major currency pairs that you could hope to trade are covered. Generally speaking, the spreads on offer are very competitive and trades are executed incredibly quickly.
This ultimately means aspiring investors will always have access to a risk-free environment to test trading systems. I also like that all accounts are compatible with the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well limefx reviews as the broker’s full range of assets. This ensures that beginners won’t miss out on the opportunity to trade on the same platforms as experienced traders. Vantage provides Forex traders access to the most liquid global FX markets.
Choosing a broker that is licensed by a trustworthy regulator should be a top priority. Strong regulatory oversight helps protect you from scams and gives you access to robust safeguards like negative balance protection and jurisdictional restrictions on leverage. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research.
I especially like that you can join discussions within a community feed which allows users to learn how to trade in a hands-on yet engaging environment. Ultimately, I think the app will work well for beginners or anyone looking to stay up to date with market events whilst on the go. What you can do, though, is easily view live chart data alongside corresponding analysis and events all on the same page, which I thought was highly intuitive. I also like that clicking on each chart opens it up in full-screen landscape mode, so you can pinch and zoom for a greater level of detail. In terms of the look and feel, I personally find trading on this software a more enjoyable experience than MT4 and MT5.
Again, Vantage doesn’t charge any internal fees for withdrawals, which is a positive if you make regular withdrawals. Founded in 2009, the broker’s long history is a great sign of a well-established business with strong credentials. The firm’s notable reputation is also reinforced by its collection of prestigious awards.
Thankfully, Vantage gets an easy seal of approval and a very high trust score from me. Vantage currently offers CFD trading across forex pairs, indices, commodities, metals, energies and US/UK/HK/EU/AU shares. In total, Vantage offers 24 different CFDs across a range of different financial instruments and assets.