Compare Vantage with the top 3 similar brokers that accept traders from your location. I think Vantage could improve its education by introducing more interactive learning materials such as courses with quizzes https://limefx.name/ or progress trackers. Overall, beginners and intermediate traders should find plenty of resources at Vantage, though I would say that the selection is not as comprehensive as other brands like IG.
Copy Trading
The ECN account is a good option for active traders looking for zero-pip spreads and low $3 commissions. 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.
Forex Risk Disclaimer
It features a modernized interface with an impressive suite of technical tools. 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.
Crypto Trading
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 Standard STP account is my pick for beginners – commission-free trading is available with floating spreads from 1.0 pip. 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).
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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. 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. The best part for me is that both MT4 and MT5 follow the same design, which means there is virtually no learning curve for those who switch from one platform to the other. For newcomers, the design may feel a little dated compared to some alternatives, but in my experience, the look and feel of the platform is easy to get used to. As you can see from my comparison below, the leverage available is in line with suitable alternatives. I think Vantage could improve its market coverage by introducing Asian share CFDs from exchanges like the Shanghai or Tokyo Stock Exchanges.
Should You Trade With Vantage?
ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. 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. 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.
Additionally, I didn’t find a history of scams or malpractice at Vantage during my research. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. There is also a comprehensive FAQ section which covers most of the key topics. 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.
Vantage’s research is sourced primarily from third-party content providers such as Trading Central, and it lacks substantial in-house content. The range of available markets at Vantage will depend on which entity regulates your account. The following table summarizes the different investment products available to Vantage clients. For those who are looking to learn as they go, Vantage offers a dedicated Academy packed with market analysis articles, trading guides, platform tutorials and webinars. Serious algo traders will appreciate the virtual private server (VPS) which is available with a $1,000 deposit.
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. Helpfully for Islamic investors, a swap-free trading solution is available. limefx courses scam 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.
Since both platforms are strikingly similar, I found it useful to compare them side by side in the categories below. I want to stress that while high leverage can boost potential profits, it can also cause significant losses. I strongly recommend employing risk management tools such as stop-loss orders. Vantage offers a strong suite of trading instruments, with 1000+ CFDs spanning forex, stocks, commodities, indices, bonds and ETFs. I tested the broker’s processing times using both a Visa card and Neteller and found that my funds were available immediately. Choosing a broker that is licensed by a trustworthy regulator should be a top priority.
Another thing that stands out for me is the level of customizability that I get with the MetaTrader suite. Both platforms feature flexible charts and market watch windows which can be re-sized to my preferences. I can also have multiple charts open simultaneously, which is ideal for active traders. I have no complaints about the wide range of funding methods at Vantage, with plenty of accessible options for global clients.
There is also an excellent range of indices and ETFs for those who want to diversify portfolios. Read our full explanation and accounting of our research and testing process to learn more about how we test. While the broker’s research and educational offerings continue to expand, Vantage has a ways to go if it wants to compete with the best brokers in those categories. If you have experience trading with Vantage please share your personal review of the broker and what you think are strong and weak points.
- Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
- 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.
- The tool allows you to follow other strategies in a user-friendly dashboard.
- Strong regulatory oversight helps protect you from scams and gives you access to robust safeguards like negative balance protection and jurisdictional restrictions on leverage.
- DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.
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 for licensing, I’m glad to see that many clients will be registered under tier-one-regulated entities. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have traded with Vantage we would really like to know about your experience – please submit your own review. This average customer rating is based on 3 Vantage customer reviews submitted by our visitors. Compare the markets and instruments offered by Vantage and its competitors.
While this is pricey, I think the benefits are worthwhile, since I was able to access custom watchlists, hundreds of technical indicators and daily trade ideas. Experienced copy traders who deposit $2,000 can copy up to 12 strategies in the DupliTrade platform. ZuluTrade is a good copy trading platform for beginners since it only requires $200. The tool allows you to follow other strategies in a user-friendly dashboard. What you can do, though, is easily view live chart data alongside corresponding analysis and events all on the same page, which I thought was highly intuitive. I also like that clicking on each chart opens it up in full-screen landscape mode, so you can pinch and zoom for a greater level of detail.
After rigorously exploring Vantage’s platform, I found the research tools to be fairly comprehensive. I also appreciate that strategy providers are more rigorously vetted, with certain performance requirements needing to be met before their positions can be mirrored. 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.