To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process.
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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. The Standard STP account is my pick for beginners – commission-free trading is available with floating spreads from 1.0 pip. Although Vantage is registered as a market maker, it primarily sources its liquidity from external entities, specifically banking institutions in the interbank market. Consequently, it functions more like an ECN (Electronic Communication Network) broker, offering its clients raw spreads directly from these external liquidity providers. Vantage offers a variety of payment methods, including via bank wire, credit or debit card, multiple e-wallets, and crypto-wallets.
GREAT CUSTOMER SERVICE
Vantage is a global, multi-asset broker offering clients access to a nimble and powerful service for trading CFDs on Forex, Commodities, Indices, Shares. 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. 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 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.
Forex Risk Disclaimer
Vantage operates under four entities regulated in various jurisdictions, including ASIC in Australia and the FSCA in South Africa. Based on my research of Vantage’s legal documents, I assessed that the broker complies with most safety regulations. Vantage boasts an impressive archive of past webinars, with over 270 available on its YouTube channel – one of the largest collections I’ve encountered.
Why is it Important to Know Where Your Broker’s Subsidiaries are Regulated?
For example, it would have been more convenient if I had direct access to the web platform after logging in, rather than having to navigate through several pages first. 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. As expected, wire transfers are processed within 1 – 2 business days for domestic transfers and 2 – 5 business days for international transfers. Founded in 2009, the broker’s long history is a great sign of a well-established business with strong credentials.
Why is Choosing the Right Account Type Important?
His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. He earned a Bachelor’s degree in Economics and International Relations. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers.
- Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today.
- Help is available via live chat, email or telephone, with waiting times for responses scoring very well.
- It illustrates the spreads and commissions I have recorded on the EUR/USD pair for each account type.
- Vantage also has an entity that holds regulatory status with the Cayman Islands Monetary Authority (CIMA), and by the Vanuatu Financial Services Commission (VFSC) in Vanuatu.
The Raw account and Pro ECN offer attractive pricing, especially for experienced investors looking for ultra-tight spreads with low commissions from $3 per side. I feel the Vantage Rewards scheme will be most valuable for active traders, though I strongly urge traders to approach any financial incentives with caution. I also don’t recommend picking a brokerage based on their bonus deals. 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 for retail traders in my view. Vantage is a well-balanced Australian broker that offers retail and professional traders access to nearly 1000 instruments at competitive prices.
We have partnered with Lloyds of London to implement Excess of FSCS Insurance, making Vantage one of the only brokerages to provide up to £1 million in fund compensation and protection. Expand your referral network by introducing new clients to trade with Vantage. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have experience trading with Vantage please share your personal review of the broker and what you think are strong and weak points. Compare the markets and instruments offered by Vantage and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself alongside your live CFD account. Vantage Trading is an online broker that offers CFD trading on various financial products, including FX, indices, stocks, and ETFs. With consistently competitive spreads, you can trade CFDs at lower costs. Vantage is a global, multi-asset CFD broker offering clients access to a nimble and powerful service for CFD trading on Forex, Indices, Stocks, Commodities, ETFs and Bonds.
Vantage offers multilingual 24/5 support via live chat, email, and phone. The broker incorporates the sophisticated VIVA chatbot, which quickly and effectively answers most types of questions. Vantage also has a pretty exhaustive FAQ section for more general queries. Vantage provides a diverse portfolio of over 940 instruments spanning various asset classes such as currency pairs, commodities, share CFDs, indices, cryptocurrencies, futures, and ETFs. This extensive range supports the implementation of a broad spectrum of trading strategies. The broker incorporates the MetaTrader 4&5, and ProTrader platforms along with multiple trading tools and diverse research and education content.
Vantage rounds out its MetaTrader platform suite offering with support for multiple social trading platforms, content powered by Trading Central and a proprietary mobile app. However, Vantage trails industry leaders in key areas such as research and education. My tests have shown that trading fees at Vantage are fairly competitive but not the https://limefx.vip/ 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. Vantage offers demo accounts that introduce traders to the broker’s services and allow them to tweak their strategies in a risk-free environment.
The firm’s notable reputation is also reinforced by its collection of prestigious awards. Additionally, I didn’t find a history of scams or malpractice at Vantage during my research. My tests indicate that Vantage charges medium-to-high swaps compared to the industry benchmark. I checked Vantage’s Client Agreement, limefx courses scam which is available from the Legal Documents sections of the website, and everything seems in order. The document is easily accessible, and all essential information is written in an easy-to-understand way. Choose from precious metals, oil and soft commodities to take advantage of major market cycles.
In addition to copy trading features, Myfxbook Autotrade offers journal features where you can keep track of your trading history. Vantage offers a strong suite of trading instruments, with 1000+ CFDs spanning forex, stocks, commodities, indices, bonds and ETFs. 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. The featured ideas and technical insights break down various trading opportunities.
Based on my tests during normal trading hours, the Standard Account offers an indicative spread of 1.4 pips on the EUR/USD, which is reasonable though not the lowest. With that said, the commission-free trading model will serve new traders looking for straightforward pricing. 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. There is a truly impressive assortment of over 270 past webinars available from the broker’s YouTube channel. There is already enough content to provide newbie traders with a firm understanding of the ABCs of trading. Vantage’s market breakdowns are available from the website with free access to registered and unregistered clients.