Additional account options include joint accounts, company trading accounts and trust trading accounts (either as individuals or as a partnership). There are also professional accounts with increased leverage, but fewer safeguards. 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. The broker is available 24/7, which is a notable advantage compared to the 24/5 support offered by many competitors. The only downside is that you don’t get access to a library of additional indicators or trading robots.
Bonuses & Promotions
With this in mind, I think ProTrader terminal is a better choice for intermediate traders or those who aren’t interested in exploring automated trading features. I’m confident that both beginners and experienced traders will be catered to when it comes to charting and analysis tools. I was pleased to find no deposit or withdrawal charges, keeping costs down.
ProTrader Tools
Positions may be subject to forcible closure however if your account has insufficient available margin to maintain the position further. While we were not able to locate your specific case, we would like to assist in resolving any issues that may be present. We wish to invite you to contact us directly via phone, live chat or email at 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. When compared to the industry averages, Vantage has a reasonably competitive system of fees and commissions in place.
- While we were not able to locate your specific case, we would like to assist in resolving any issues that may be present.
- Vantage is a no-dealing desk trader and offers STP and ECN forex trading accounts.
- Another thing that stands out for me is the level of customizability that I get with the MetaTrader suite.
- Looking at the negatives, the user experience of the client dashboard isn’t as seamless as other brokers in my view.
What we did appreciate was how transparent and open Vantage is about the fee structure, with this information being very easy to find through the website. I recommend the Raw ECN or Pro ECN accounts, as these offer ultra-tight spreads. The availability of the MetaTrader platforms and VPS also means that active day traders using automated systems are catered for. Looking at the downsides for day trading, execution speeds at Vantage aren’t the fastest.
The Trustpilot Experience
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. For example, traders can earn V-points in the Vantage Rewards scheme which can be redeemed for cash, deposit rebate vouchers, lucky draws, profit boosters and more. It’s also good to see that bank transfers, cards and some e-wallets are fee-free.
How To Open A Vantage Account
I found that there are five levels (Explorer to Legend), with better returns as you attract more traders. As with many other mobile apps I’ve tested, you cannot run any detailed technical analysis in the Vantage app since it doesn’t offer any indicators or drawing tools. This isn’t really a major drawback for me as I prefer the wide-screen functionality that you get on the desktop and web platforms.
I was also able to execute time limits on my orders, including good ‘til canceled (GTC), good ‘til end of day (GTD) and good ‘til time (GTT). 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. Traders can access a free demo account at Vantage which gives you $100,000 in virtual funds to practice with. Again, Vantage doesn’t charge any internal fees for withdrawals, which is a positive if you make regular withdrawals. Choosing a broker that is licensed by a trustworthy regulator should be a top priority.
I also compare Vantage to alternatives and explain what could be improved. While we were unable to locate your specific case based off of this information; we would like to hear more and assist where possible. This ultimately means aspiring investors will always have access to a risk-free environment to test trading systems. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. Vantage also doesn’t disappoint when it comes to additional trading tools.
The MetaTrader platforms come with some of the most comprehensive libraries of technical indicators and drawing tools. The Standard STP account is my pick for beginners – commission-free trading is available with floating spreads from 1.0 pip. As you can see from my comparison table below, Vantage stands up well against two of the limefx courses scam most tightly regulated brokers in the industry, Pepperstone and AvaTrade.
The low starting deposit of $50 ensures accessibility for those on a lower budget and the unlimited demo account allows you to practise trading risk-free for as long as you need. There is also an excellent selection of copy trading platforms, though past performance is no guarantee of future performance. In this Vantage review, I share the key findings from my comprehensive assessment of the broker. I evaluate the firm in all the important categories, including regulation and trust, investment offering, trading fees, account options, and platform functionality.
During my testing, I was pleased that I could view complete historical data of all available strategy providers, which helped give me peace of mind when choosing who to follow. 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. In terms of the look and feel, I personally find trading on this software limefx reviews a more enjoyable experience than MT4 and MT5.
I have been particularly impressed with the comprehensive range of third-party social trading platforms, including Myfxbook and ZuluTrade. While I rate the competitive ECN accounts, I think it’s a shame that some serious traders will miss out on the best trading conditions in the Pro ECN solution. The minimum deposit is pretty steep at $10,000 – more than other pro-level accounts I have reviewed. 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. This ensures that beginners won’t miss out on the opportunity to trade on the same platforms as experienced traders. According to its website, Vantage is founded on the values of accountability, transparency, reliability, integrity and trust.
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