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. Social trading is a great way to learn from the top traders in the industry, so it’s great to see Vantage supporting it so well. To evaluate brokers, we test the accounts, trading tools limefx scam and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
Review Methodology
We are sorry to hear that you have had a less than satisfactory experience with us. We would like to assure you that your trading experience is important to us and that we take all clients’ feedback onboard. While we were unable to locate your specific case, we would be happy to further discuss and resolve any issues for you as swiftly as possible.
Vantage is a top-tier broker with some of the lowest trading fees I have seen. It’s just a shame the Pro account has a steep $10,000 starting investment. 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. To get started, simply choose from the list of Spotlight or Signals providers, decide how much you want to trade, and add any risk management parameters. Whilst you clearly won’t get the same experience as the desktop platform, you will get an abundance of real-time data and forex market research straight from the palm of your hand.
Generally speaking, the spreads on offer are very competitive and trades are executed incredibly quickly. 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.
Regulation & Trust
As you can see from my comparison table below, Vantage stands up well against top competitors when it comes to available payment methods. Vantage is trustworthy based on my thorough background checking and research. The broker’s global user base, strong regulatory oversight and collection of industry awards are reassuring. The firm also uses important safety measures including segregated client accounts.
With that said, the commission-free trading model will serve new traders looking for straightforward pricing. As expected, wire transfers are processed within 1 – 2 business days for domestic transfers and 2 – 5 business days for international transfers. 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.
- People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
- Based on my first-hand Lime Fx review, the firm is an excellent choice for traders looking for low fees, best-in-class tools and a range of global markets.
- Whilst you clearly won’t get the same experience as the desktop platform, you will get an abundance of real-time data and forex market research straight from the palm of your hand.
- Help is available via live chat, email or telephone, with waiting times for responses scoring very well.
- For beginner traders, I appreciate the low $50 minimum deposit, unlimited demo account and selection of educational materials.
My tests have shown that trading fees at Vantage are fairly competitive but not the lowest I have seen. The STP account does offer zero commissions but wider spreads from 1 pip. The ECN account is a good option for active traders looking for zero-pip spreads and low $3 commissions.
Excellent customer support
Generally speaking, Vantage will not apply any additional fees, though this may depend on your bank. 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. In our experience, both deposits and withdrawals to the platform are processed quickly with minimal delay. 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.
Yes, Vantage is a legitimate broker that is authorized by multiple regulators, including the ASIC and FCA. There’s no evidence of scams or malpractice based on my research and the broker segregates client money and offers negative balance protection, so you can’t lose more than your deposit. Based on my first-hand Lime Fx review, the firm is an excellent choice for traders looking for low fees, best-in-class tools and a range of global markets. The platform’s social trading features allow you to build a following and earn commissions on copied trades.
I was able to access convenient account management features, as well as trade monitoring. After opening a few positions in both MetaTrader platforms, I’ve found that one of the main differences between the two is how many order types you can execute. Both MT4 and MT5 facilitate the four key types of order (market order, pending order, stop loss, and take profit). These are instructions to your brokerage for when to open and close orders.
Social Trading
Strong regulatory oversight helps protect you from scams and gives you access to robust safeguards like negative balance protection and jurisdictional restrictions on leverage. We use dedicated people and clever technology to safeguard our platform. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have traded with Vantage we would really like to know about your experience – please submit your own review.
I think Vantage could improve its education by introducing more interactive learning materials such as courses with quizzes or progress trackers. Nonetheless, the client area does include the TradingView-powered sentiment indicators which are very useful. These visually display the overall sentiment ratio of long and short positions at Vantage. After rigorously exploring Vantage’s platform, I found the research tools to be fairly comprehensive. While this is pricey, I think the benefits are worthwhile, since I was able to access custom watchlists, hundreds of technical indicators and daily trade ideas.
For newcomers, the design may feel a little dated compared to some alternatives, but in my experience, the look and feel of the platform is easy to get used to. I want to stress that while high leverage can boost potential profits, it can also cause significant losses. I strongly recommend employing risk management tools such as stop-loss orders. 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 limefx reviews the selection of shares is lighter than some brokers like CMC Markets. As for licensing, I’m glad to see that many clients will be registered under tier-one-regulated entities.
Never had a real issue with Vantage, until I tried to contact support for a trade that I believe was executed incorrectly. I have reached out multiple times, and never had a single response.I will happily change my rating once my issue is resolved. If you have experience trading with Vantage please share your personal review of the broker and what you think are strong and weak points.
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