With that said, the commission-free trading model will serve new traders looking for straightforward pricing. 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. One of Vantage FX’s VPS partners is ForexVPS, which allows users to simply log in to their servers through any stable desktop or mobile device. The broker offers access to ForexVPS free of charge for clients that have a minimum balance of $1000.
Test and review of the Vantage Markets trading platform
Find out about the conditions for traders and find out if investing your money there is worthwhile. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. 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.
Fees & Costs
Both platforms are available in mobile formats, so busy traders can continue to trade while on the move. Mobile versions retain most of the useful features and benefits of the full versions. In addition to ECN execution, the Pro account has a range of 0 points and a commission of $ 2 per lot on each side. Vantage currently supports three types of accounts, of which the most accessible is the standard STP account, which obviously supports STP execution. On some of their (ECN) account types, their spreads start from 0 pips (such accounts do charge a commission though).
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- These questions extend beyond basic information related to country of domicile and address to include questions related to trading experience and educational background.
- As you can see on the homepage of Vantage Markets, there is high transparency.
- Where does Vantage take their responsibilty in vetting the Pamm Managers and checking on fraudulent activity?
- I always like to see how a strategy may have performed in the past by running it over historical data.
- Vantage offers its own proprietary trading app, alongside the standard MetaTrader suite of mobile apps.
- Enhance your trading capabilities and possible even improve your trading success rate by gaining exposure to these markets.
Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. This is because I can get quick access to my funds which may be important if I am looking to take advantage of some market news and need to act quickly. If I had to wait around days for a bank transfer to clear, then the opportunity may have passed me by. Vantage let you trade a range of assets and financial markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals and Energies.
They understand the value of keeping trading costs to a minimum, which is why Vantage share CFDs are available to clients at some of the lowest commissions in the industry. Vantage offer traders 24-hour access to the most liquid commodity markets including precious metals, energy and soft commodities. Clients can trade commodities including oil, gas, gold, silver, cocoa, sugar, wheat, etc. The AutoTrade service is an online FX trade copying platform with thousands of traders all over the world. You can connect a Vantage account with AutoTrade to auto copy and trade with access to in-depth analysis and statistics.
After entering your personal data, the email address must be confirmed. In addition, the broker asks you to verify the account with appropriate documents before the first deposit. Vantage Markets is an international broker for Forex (currency pairs) and CFDs (Contracts for Difference). The company has existed since 2009 and knows exactly how to respond to the wishes of its customers. The broker is mainly based in Level 29, 31 Market Street, Sydney NSW 2000, Australia, and accepts traders from almost every country. But they also got business addresses in the Cayman Islands and Vanuatu.
Serious algo traders will appreciate the virtual private server (VPS) which is available with a $1,000 deposit. In addition to copy trading features, Myfxbook Autotrade offers journal features where you can keep track of your trading history. Experienced copy traders who deposit $2,000 can copy up to 12 strategies in the DupliTrade platform. However, this is standard practice and Islamic accounts avoid this charge, though an admin fee is levied instead. 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.
Opinions, market data, and recommendations are subject to change at any time. Vantage Markets is legitimate because of its multi-award-winning customer service, which you may contact by phone, email, or live chat. All forms of payment have no additional costs for deposits; however, customers are still responsible for whatever fees their banks may levy.
We booked test trades in AUDCHF and AUDJPY and set the screen display to different background settings. Vantage does not have actual cryptocurrencies; however, the company provides CFD contracts for popular cryptocurrencies. Spreads start at 0 pips (as you https://limefx.biz/ would expect from such an account), but a commission of $ 3 is charged on each lot. Its execution speeds are said to be superb as well as is its market coverage (it includes several cryptocurrencies in addition to the regular lineup of tradable assets).
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. If you need a high level of leverage and want to trade tight spreads, you should switch now or open your first trading account. In particular, the provider is recommended for traders who want transparent and secure trading. You must deposit at least $ 500 for the RAW ECN account and at least $ 20,000 for the PRO ECN account. The capitalization of the trading account is elementary and works through proven methods.
Then, you simply choose the traders you want to copy based on their performance, strategy and trading style, and their trades will be duplicated on your Vantage MT4 or MT5 account. The MetaTrader 4 Platform (MT4) is the most popular online Forex trading terminal in the world. With one simple MetaTrader 4 login, you will be able to access your MT4 trading account anywhere, anytime. By providing traders fast and stable access to their FX trading accounts, this assures they have access to their MT4 trading account when an opportunity arises. Vantage is considered a leader in implementing smart Forex trading solutions. Vantage provides their clients with several top trading platforms including the famous MetaTrader5 (MT5) and MetaTrader4 (MT4) trading platforms.
The sentiment trader tool displays the current sentiment of Vantage traders on selected instruments. Sentiment analysis is often used as part of a contrarian trading strategy. This tool allows users to put real time account data into excel for comparing, analysing and creating rules. The correlation trader lets you quickly and easily compare the correlation between different markets and timescales. You can compare key figures such as net profits for each symbol and also place, manage and close orders directly from the charts.
It makes the whole process simple, with the broker providing you with everything needed. If you need MAM / PAMM solutions, ACY Securities might be worth checking out. I think it is great to be able to track the news from within the platform rather than having to use an external economic calendar. It also cuts down on frictional currency conversion costs, making a real difference to the trading bottom line. These questions extend beyond basic information related to country of domicile and address to include questions related to trading experience and educational background.
Vantage deserves credit for clearly having considered how to make setting up an account as easy as possible for new clients. The link to open an account on the broker’s homepage claims that it can be done in five minutes, but they could be underselling themselves. During our testing, we were able to complete the application much quicker than that.
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. The site offers excellent trading platforms, limefx scammers trading conditions, execution and market coverage. 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.