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. Vantage is a no-dealing desk trader and offers STP and ECN forex trading accounts. Additionally, Vantage FX’s traders https://limefx.biz/ can trade with the mobile versions of the MT4 and MT5 trading platforms. This brings a whole new level of convenience to the entire trading process as traders can access their trading accounts and place trades on the go, as long as they are connected to the internet. The app requires Android 5.0 or later, while the iOS app requires iOS 9.0 or later.
Desktop platforms
This means you can practise any trading strategy to your heart’s content on a demo account until you’re ready to trade with real money. It’s also beneficial to use a demo account to familiarise yourself with state-of-the-art trading platforms like MT4 and MT5 if you’re new to this kind of thing. Energy commodities are some of the most important commodities in the world because they are used to power the economy. Vantage FX allows you to trade the energy markets via the MT4 and MT5 trading platforms. The CFD broker offers the most popular energy commodities, such as crude oil, natural gas, gasoline, and heating oil, allowing you to take advantage of fluctuations in the prices of those commodities.
Risk Statement
There are excellent diversification opportunities, especially the bond and ETF offerings, which aren’t available at many alternatives based on testing. It’s also good to see that bank transfers, cards and some e-wallets are fee-free. The Trading Central Adaptive Candlesticks indicator can detect real time reversal and continuation candlestick patterns. This lets you edit the market watch window in MT4 so that you can customise it to your preferences. You can change symbol names, create groups, view graphic market overviews for each symbol and trade directly from the market manager. Again, there can be no saying how good or bad these signals will perform.
Platform & Features
This oneZero MT4 Bridge is actually the only existing solution of a technically advanced nature that can handle the vast number of market orders that require execution and do so at high speeds. The economic calendar from Vantage FX lets you view upcoming events that will impact the market, including their location, the currency affected, and the predicted impact. Vantage FX uses the MetaTrader 4 and MetaTrader 5 platforms, the best-respected and most popular platforms in the world of forex trading. These platforms are available in 32 different languages with 24/5 market hours. The program is transparent, showing your earned rebates that you can then withdraw or trade whenever you want. To take advantage of the rebate program, you should deposit a minimum of $1,000, which will let you earn as much as 10 percent of the deposit back via rebates.
Pros and Cons
If you are a beginner than there is a limited amount of educational content for you to peruse at your leisure. Finally, you can choose from a convenient selection of funding options but crypto funding is not yet supported. Founded in 2009, Vantage is the brainchild of a highly specialised team with backgrounds in finance, forex trading and fintech. Delivered through powerful trading platforms, Vantage puts significant emphasis on user trust and transparency, which is backed up by an award-winning customer support team.
Trading Fees
These are instructions to your brokerage for when to open and close orders. I was pleased to find no deposit or withdrawal charges, keeping costs down. There are also no inactivity fees, which is a bonus for casual investors. 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. When I used Vantage, I found that clients registering with the offshore entity can access several bonus deals and promotional offers.
Compare Forex Brokers
Of particular interest to us is the Cent Account since not many traders have this type of account (even if this is only available for traders in South Africa). 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.
After rigorously exploring Vantage’s platform, I found the research tools to be fairly comprehensive. 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. 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. 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). After signing in to the ProTrader platform, the sleek interface is instantly recognizable for me as the platform is powered by the market-leading TradingView.
The minimum deposit required is $200 with variable spreads starting from 1.4 pips. Vantage FX also provides a library of over 130 videos as part of its Pro Trader videos. Content ranges from short introductory clips for beginners to longer advanced concepts across forex and CFD trading across various markets. Again, one has to make an initial deposit of 1,000 USD to gain access to this material.
They provide you with access to over 300+ financial instruments on multiple asset classes including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, ETFs & CFDs. This is a generous selection that should meet the needs of more retail traders. You can find major currency pairs, popular cryptos and shares of the largest companies. This is great as it means they will not take the opposite side of your position as a market maker would. I like that this ensures there is no conflict of interest between my trades and the broker. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.
You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Vantage Markets (or Vantage) is an award-winning multi-asset broker offering clients access to trade CFDs on Forex, Commodities, Indices, Shares, ETFs, and Bonds.
Vantage FX’s trading fees are higher than average on its entry-level account but lower than average on its two ECN accounts. As mentioned, the fees are very competitive at Vantage FX and where they start can depend on your account type choice. With the Standard STP account type, you will find a variable spread from 1.4 pips but you don’t need to worry about any commission. Vantage FX is a top forex broker with an excellent reputation around the world.
If you’re facing withdrawal problems with Vantage, you can contact their customer support team for assistance. The broker offers a diverse range of trading instruments, including forex, stocks, commodities, and cryptocurrencies, with competitive spreads and free access to educational & research tools. It offers to limefx trade US, Australian, and European stocks, commodities, and indices, with all major & minor currency pairs. However, the broker trails behind in offering Crypto trading to traders, which might be counted as its biggest drawback. She has a degree in Digital Marketing and a background in content writing and SEO.
- The app requires Android 5.0 or later, while the iOS app requires iOS 9.0 or later.
- In this Vantage review, I share the key findings from my comprehensive assessment of the broker.
- I had to take proactive measures by getting in touch with a High forest capital team, who made sure to expose Vantage’s incompetence and lack of accountability.
- But our results do suggest there may be certain currency pairs to look out for, for example, our test suggests the spreads for the AUD/USD pair might be a bit high.
Vantage incorporate the latest innovative technologies which they are always looking to enhance and update to remain a leader in the industry. They have a partnership with Equinix which enables them to provide a diverse network of servers linked by fibre optics. Every fibre optic line that connects their services is carefully selected and tested to ensure minimal latency with up to 100 gb/s bandwidth. Servers are located worldwide in major financial hubs including New York and London, giving ECN market liquidity direct to your platforms for fast execution speeds.
There are over 50 technical indicators that can be added to your charts for technical analysis, including moving averages, MACD, Bolling Bands, RSI, CCI, Stochastics, Parabolic SAR and more. It saves me having to load all of the indicators each time I want to check a chart. There are multiple order types and alert notifications can be set via pop up, SMS and email. This is handy if you cannot always be watching the charts for trade setups all the time. I think that you can’t go wrong with any of these platforms if you are just looking to study the charts, place and manage positions. However, if you have more complex trading strategies and want to explore a plethora of built-in trading tools, then you will probably edge more towards the MT5 platform as it has the most functionality.