Vantage is a member of The Financial Commission, which is an independent dispute resolution body. There is also the Vantage App, which is essentially a branded version of the MT5 mobile app. The CompareForexBrokers team created a trading platform selector so you can work out what trading software best matches your trading needs. I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform. The Australian Securities and Investment Commission (ASIC) and England’s Financial Conduct Authority (FCA) are both very tight on how much leverage is allowed for retail traders.
The broker provides traders with MT4 and MT5 demo account, which traders can use to practice their trading strategies on over 1,000 financial instruments without risking real money. It is preloaded with virtual funds for practice purposes, with each demo account allowing trading with a balance of up to $100,000. The platform emerges as a beacon for traders across the spectrum, offering insights that are intricately woven with TradingView’s renowned charting style on our exclusive ProTrader platform. Vantage distinguishes itself by offering a diverse range of trading platforms and tools, enhancing the trading experience for its clients. With a strong regulatory footprint and a focus on providing competitive trading conditions, Vantage caters to a diverse range of traders.
The application also lets you open your account and take care of fund management. Given that Vantage FX has been in business since 2009, the broker has withstood a range of economic conditions, indicating that it is long-lasting and financially responsible. The broker is based on the Cayman Islands, which is a common location for forex brokers, providing additional peace of mind. As you review Vantage FX broker’s policies, you will notice that the broker generally does not charge any fees for deposits or withdrawals.
- Please, note that the costs per micro and standard lot are for a single side of the trade.
- Some exciting features you will enjoy from this platform include three real-time chart types with nine timeframes, good drawing tools, various technical indicators, and more.
- AutoTrade is a renowned online FX trade replication platform, hosting over 90,000 FOREX enthusiasts.
- However, the Standard STP account’s pricing is not as appealing relative to peers.
- Just as important is the ability to easily scale price action, allowing for a clearer and more detailed view of market movements.
MetaTrader 4 stands as an advanced trading platform that has established itself as a standard tool for experienced Forex traders, facilitating trade execution even in the absence of an active device. It is characterized by its intuitive user interface, an extensive array of technical analysis tools for prognosticating market trends, live updates on currency prices, and a host of additional features. Vantage FX offers the opportunity to diversify your portfolio by trading baskets of stocks, bonds, and commodities through the ETF products available to trade. While you will not be trading the underlying assets directly, through ETF CFDs, you may benefit from price movements in different markets, with both short and long positions available to ETF traders. Depending on the underlying asset traded as an ETF CFD, you may be charged no trading fees or you may pay a commission of up to $12 per trade. All supported trading platforms allow ETF trading, allowing Vantage FX clients to customize their trading to fit their preferences.
Sentiment Indicators
One of the things I like about the web platform is that it is always up to date so I know I am using the latest version at all times. The Vantage Trading Academy has different courses, e-books, and webinars that are split up by how much experience you have in trading. Some of the subjects covered in these materials include basic ideas all the way up to plans for making advanced trades. The courses offer structured lessons, e-books let you read even more detailed information, and webinars put you in control by letting you ask questions limefx courses scam during the lesson. Use our comparison tool to compare two brokers based on their trust rating, costs, features, platforms and many other aspects. The broker’s “Market Outlook” articles highlight potential trade setups around major events such as FOMC decisions, NFP releases, or earnings season.
Vantage Account Opening Process
While this account type does not incur any swaps or interest charges on overnight positions, the account holder is charged an administration fee on trading positions. Thanks to Forex virtual private servers (VPS) traders can avoid potential downtime due to internet access issues or power supply interruptions. Vantage provides traders with a handy video tutorial on how to sign up for Forex VPS directly from their MT4 account. To get free Forex VPS services, customers must meet several requirements, described in the table below. Once a trading day comes to a close, traders have the choice to either close their positions or keep them open, which leads to accruing interest. Depending on the Forex instrument and the direction of the trade, brokers either pay or charge this swap rate to traders’ accounts.
Traders at Vantage can engage with over 20 global indices, encompassing major markets such as the US, UK, Europe, and Asia. Key indices include the NASDAQ, FTSE 100, Dow Jones, and recent additions like the Taiwan Stock Exchange Index (TWSE) and the Straits Times Index (STI). These instruments allow traders to speculate on broader economic trends and diversify their market exposure. To safeguard client assets and information, Vantage employs a range of advanced security measures.
- The trusted trading ecosystem has been in the market for over a decade, serving numerous individual and institutional traders.
- For all intents, charges are limited to spreads, minimally so for the ECN accounts, along with swap rates and inactivity fees placed in a dormant account.
- As shown above, a common issue with MetaTrader is that charts can quickly become cluttered, even with just two indicators.
- The MT5 web trader runs directly in most popular web browsers so you can access your account from any location at any time, provided there is an internet connection.
- With a history spanning more than a decade, our online CFD trading platform and services are strategically crafted to make trading effortless and enable you to seize market opportunities efficiently.
Vantage’s calculators are designed to assist traders in precise calculations, such as position size, risk, and profit, making the decision-making process more informed. A key feature of TradingView is integrating social features that allow users to share trading ideas and strategies, make forecasts, and discuss market trends in real-time. Individual trading ideas can be easily visualized and available for discussion with other community members. This service is an attractive addition to Vantage’s trading capabilities and can be especially useful for those who use automated trading strategies. After meeting these conditions, the client can credit their account and receive a VPS cost refund of up to $50 directly to their trading account. Forex VPS provides an external server to manage trading connectivity, ensuring the MetaTrader 4 platform operates 24 hours a day.
If they didn’t know an answer off-hand, they would take a moment and then send us a bunch of information that would likely help us with our inquiries. Just a couple minutes after we’d started the process, we were picking our desired currency to keep our account in, and the specific account type we wanted to open. You can elect for a wire transfer, which will incur $0 fees from Vantage, but may have fees charged by the bank that you’re sending funds from. Of course, it’s always a good idea to hold only a fraction of your trading capital in any one trading account at one time.
A trading platform is simply a software interface that allows you to place trades. Trading platforms often come with charting, research, and order processing tools, too. Futures CFDs are also featured as tradable options at Vantage FX, allowing traders further portfolio diversification.
Additionally, it holds a Tier-2 license and three Tier-4 licenses, further extending its regulatory reach. Contracts for Difference (CFDs) are financial derivative instruments that allow traders to speculate on the price movements of an asset without owning the asset itself. I also reviewed Vantage’s legal documents and was pleased to find that all essential information is readily accessible and clearly written in easy-to-understand language. My only minor concern is the lack of detailed information about its cryptocurrency offering on the website. Overall, Vantage is an excellent choice for traders of all styles, including day, swing, position, crypto, copy, and algo traders. The few drawbacks include a limited selection of CFD stocks from Asian markets and inconsistent customer support.
Featured Ideas is one of the Pro Trader Tools that our Vantage FX broker review team was particularly impressed with. We encourage you to maintain a balance of $1,000, so you can access this suite for free. Featured Ideas gives you access to fundamental and technical trade ideas that are based on back-tested strategies.
Our tables provide a detailed comparison of their spreads, quotes, and trading volumes. With a minimum deposit starting at just $50, Vantage offers an accessible entry point for new traders while maintaining cost efficiency and pricing transparency across the board. Vantage provides comprehensive customer support to address traders’ needs effectively. Available 24/7, their support team assists with live chat for immediate solutions and phone and email for more detailed inquiries.
With Vantage, there are a number of educational resources, mainly aimed at beginner traders who are new to forex and CFD trading. The company offers 24/7 customer support, but we found that different hours of the day offered different quality levels of customer service. We were also happy to limefx see that trading commodities were easily accessible with Vantage.