Founded in 2009 and headquartered in Sydney, Australia, it offers over 1,000 tradable assets at very competitive prices. Instead of charging a swap fee, the broker applies an administration fee, which is deducted from the trader’s balance. The administration fee comprises the fees from Vantage’s liquidity providers and an internal processing fee of about 10%.
Pros and Cons
I find the Vantage app to be more user-friendly than the MetaTrader options, but this will ultimately come down to trader preference. The company now has over 1000 employees in over 30 offices and it serves traders from 172 countries. It also doesn’t have the hefty deposit of DupliTrade, making it better for traders on a budget. For traders interested in precision charting, or that don’t like the MetaTrader suite, I would opt for ProTrader. Both platforms offer algorithmic trading robots, known as Expert Advisors (EAs), that can be used for automated trading strategies.
- The broker also provides an extensive FAQ page, which is where I recommend starting if you have a basic query.
- These channels cater to a variety of customer needs, ensuring a seamless experience across platforms.
- 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.
- Choose the professional traders you wish to follow and diversify your Forex trading risk around multiple strategies.
The platform hosts free webinars covering market fundamentals and advanced strategies, catering to both novice and experienced traders. Complementing these are interactive courses, articles, and expert analysis, ensuring clients are well-equipped to navigate market complexities. This robust offering demonstrates Vantage’s commitment to empowering its clients with the knowledge needed for success. Yes, Vantage offers a decent mobile app which offers access to account management features and trading tools whilst on the move.
Should You Trade With Vantage?
On the negative front, our team score the broker down for its average withdrawal processing times. The firm’s offshore entity also offers less in terms of regulatory scrutiny and account security. Importantly, we find it easy to access all of these tools quickly through our client dashboard and trading platform. This variety of market research also compares well to competitors and puts Vantage on a level with rivals like Plus500. Third-party platforms such as MetaTrader 4 and MetaTrader 5 are supported as well as a ProTrader terminal powered by TradingView and a Vantage App.
For forex enthusiasts, the platform supports major, minor, and exotic currency pairs with competitive spreads. Commodity traders can access both hard and soft commodities, including energy and precious metals, providing opportunities to hedge against market volatility. Investors interested in equity markets can trade share CFDs and ETFs, offering exposure to a wide array of sectors and regions. It offers traders access to 49 forex pairs with tight spreads and low to no commission. The account options suit different types of traders and have a low minimum deposit of just $50.
Designed for institutional traders, Vantage index CFDs can be enjoyed by all clients with no commissions, transparent prices, and ultra-sharp spreads. Vantage allows you to trade stock market Indices on both MT4 and MT5, the world’s most popular FX trading platforms. At Vantage, all Indices trading styles are welcome, including scalping, hedging, swing trading and the use of any Expert Advisor (EA) that suits your trading style. The broker’s accounts, compliant with the Sharia Law, feature spreads from 0.0 pips, a $50 minimum deposit requirement, and no deposit fees. The count of tradable instruments, including Forex, commodities, shares, and bonds, reaches over 1,000.
One of the areas where Vantage really excels is in the various trading platforms it makes available to you. In addition to the MetaTrader 4 and MetaTrader 5 platforms, which have basically become industry standard by now, Vantage also gives you access to a proprietary Vantage App and a WebTrader app. Additionally, social trading features are available through ZuluTrade and Myfxbook, which can be integrated with your Vantage account.
- Beginners can start with the Standard STP Account, which offers direct market access without commissions, making it an excellent choice for learning and exploring the platform.
- In total, Vantage offers 24 different CFDs across a range of different financial instruments and assets.
- Additionally, Vantage also supports a number of electronic transfer methods, including Neteller, Skrill and FasaPay.
There are also no fees for long-term inactivity, so traders do not incur expenses when they are not trading. Through the ZuluTrade social trading platform, clients of Vantage will gain exclusive access to a vast pool of professional traders and profitable trading systems. The broker excels with its low trading fees, choice of versatile trading platforms, robust market research, and comprehensive educational offering. Vantage offers a demo account that introduces traders to the broker’s services and allows them to tweak their strategies in a risk-free environment.
Platforms & Apps
Just as important is the ability to easily scale price action, allowing for a clearer and more detailed view of market movements. Vantage operates multiple licensed and regulated entities across various jurisdictions, ensuring compliance with essential safety standards. The broker safeguards client funds by maintaining segregated accounts and offering negative balance protection. Additionally, it provides $1 million of Lloyd’s insurance coverage and is a member of The Financial Commission. The broker’s flagship ProTrader platform, seamlessly integrated with TradingView, caters to both beginners and advanced traders. Additionally, it supports MetaTrader 4 and MetaTrader 5, as well as the Vantage app for trading on the go.
TradingView
Both brokers feature multiple, low-cost payment processors, including localized options, with instant to near-instant processing times. The MT4 platform offers Forex traders the most powerful charting platform on the market. Widely accepted as the industry benchmark in retail Forex trading platforms, MT4 is by far the most popular platform for charting out there today. 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.
Does Vantage provide VPS?
There is a free calculator on the broker’s website that traders can use to calculate margin, profit and swap/interest before taking financial risk when trading forex. We are impressed with the variety of useful forex tools available, which goes far beyond the offerings of most brokers and provides excellent resources for newer traders and seasoned investors. The Vantage App is fine for managing your account and keeping track of positions on the move, but it isn’t suitable for advanced charting and technical analysis in my opinion.
Currently, the National Australia Bank acts as its custodian bank and it is regulated by the Cayman Island Monetary Authority (CIMA). Additionally, it also has indemnity insurance, meaning that user accounts and deposits are afforded a very high level of protection. Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading!
Finding the right broker for you is not easy, but hopefully you now know if Vantage is the best choice for you. If you are still unsure, you can use our forex broker comparison to get Worldtradex courses scam a quick overview. The payment channels that will be available to you will depend on your location. Then, there is generally a restriction on one-time deposits to a maximum of $10,000. A Forex Economic Calendar is a useful tool for Forex traders to track important, potentially market-moving events. Many Forex traders use the economic calendar as a release schedule to assist them in anticipating when major movements will happen in the market.
For an alternative trading experience, I think the ProTrader is a compelling option. It features a modernized interface with an impressive suite of technical tools. Another thing that stands out for me is the level of customizability that I get with the MetaTrader suite.
Have you ever wanted to see how your trading strategy would run off the 12-minute charts, but been restricted by MT4’s limited timeframe capabilities? With 21 timeframes and one-minute history of quotes available on MT4, moving to MT5 is the smart choice for flexibility. The offering perfectly blends market research developed in-house and content from Autochartist and Trading Central. The broker offers a variety of featured trading ideas and comprehensive market breakdowns. Contracts for Difference (CFDs) are financial derivative instruments that allow traders to speculate on the price movements of an asset without owning the asset itself.
As for accessibility, I’m pleased to see that Vantage offers both the web and desktop versions of the platforms. It’s easy to access all options from the client dashboard under the ‘Downloads’ tab. However, this is standard practice and Islamic accounts avoid this charge, though an admin fee is levied instead. I was pleased to find no deposit or withdrawal charges, keeping costs down. I tested the broker’s processing times using both a Visa card and Neteller and found that my funds were available immediately.
For clear fees schedule, interested clients should refer to the broker’s webpage. Vantage is a leading CFD provider within the industry, having built a trusted community of traders who have chosen us as their preferred platform for their trading needs. In addition, Vantage is regulated in various jurisdictions including tier-1 regulatory bodies in the global financial domain. Vantage provides mobile trading apps for iOS and Android, enabling users to trade on the go. These apps support all account functions, from funding and trading to accessing news and market analysis. Standard accounts have no direct trading fees, with costs integrated into spreads.