Overall, these account options allow traders of all experience levels to pick the one that aligns with their preferences and trading style. 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. It also offers its own proprietary Vantage app, which – despite the added distraction of in-app ads – shows good promise for mobile trading. For forex enthusiasts, the platform supports major, minor, and exotic currency pairs with competitive spreads.
Vantage offers Swap-Free Accounts, enabling Muslim traders to hold overnight positions, without incurring extra fees, or swap fees, which we described in the previous section of this publication. The Swap-Free trading accounts are designed for traders, who, due to religious beliefs, cannot pay or receive swaps. Once a trading day comes to a close, traders have the choice to either close their positions or keep them open, which leads to accruing interest.
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- You should consider whether you understand how CFDs and Spread Bets work and whether you can afford to take the high risk of losing your money.
- Moreover, all of the above options can be converted to a Swap-Free account for Muslim traders who cannot pay or receive swaps due to relVantageious beliefs.
- Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise.
- The broker’s global user base, strong regulatory oversight and collection of industry awards are reassuring.
- Vantage offers a growing selection of educational resources for traders, bringing it closer towards the industry standard and aligned with brokers that make education a priority, such as IG or AvaTrade.
Vantage stands out from many other brokerage companies by not charging inactivity fees, which can be advantageous for trailers who may not trade regularly. I recommend the Raw ECN or Pro ECN accounts, as these offer ultra-tight spreads. The availability of the MetaTrader platforms and VPS also means that active day traders using automated systems are catered for. Looking at the downsides for day trading, execution speeds at Vantage aren’t the fastest.
Is Vantage Trustworthy?
It isn’t suitable for everyone and, in the case of Professional clients, you could lose substantially more than your initial investment. Past performance is no indication of future performance and tax laws are subject to change. The information in this website is general in nature and doesn’t take into account your or your client’s personal objectives, financial circumstances, or needs. Please read our legal documents and ensure you fully understand the risks before you make any trading decisions. Telephone calls and online chat conversations may be recorded and monitored. Vantage Markets provides a variety of account types designed to suit the needs of traders at every level.
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. Another thing that stands out for me is the level of customizability that I get with the MetaTrader suite.
Popular Forex Guides
Vantage supports robust desktop applications, including MetaTrader 4, MetaTrader 5, and its proprietary platforms. These provide comprehensive tools and analysis features, making them perfect for professional and advanced traders seeking high performance. Vantage Markets offers a versatile suite of trading platforms designed for convenience, flexibility, and performance.
To measure the quality and speed of customer service at Vantage, I tested the live chat feature by asking several trading-based questions at different times of the day. I received helpful and friendly responses to my queries within 1 minute each time. 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. Serious algo traders will appreciate the virtual private server (VPS) which is available with a $1,000 deposit. To get started, simply choose from the list of Spotlight or Signals providers, decide how much you want to trade, and add any risk management parameters. During my testing, I was pleased to see a strong range of 12 chart types and 8 time frames, plus 100+ technical indicators and over 50 drawing tools.
Account Opening
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. I also appreciate that strategy providers are more rigorously vetted, with https://lunarcapital.net/ certain performance requirements needing to be met before their positions can be mirrored. 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). In terms of the look and feel, I personally find trading on this software a more enjoyable experience than MT4 and MT5. The default dark mode workspace is easier on the eye, especially when layering color-coded indicators and graphical objects. Looking at the negatives, the user experience of the client dashboard isn’t as seamless as other brokers in my view.
The web platform is accessible directly through browsers, eliminating the need for downloads. It offers fast, intuitive access to all trading features, ideal for those seeking simplicity and efficiency. Overnight fees apply to positions held beyond the market close, based on instruments and market conditions. For client fund security, Vantage employs segregated accounts with accredited credit institutions, ensuring user funds remain protected and separate from operational capital. The broker also provides negative balance protection, safeguarding users from losses exceeding their account balance. With strict auditing and encryption protocols in place, Vantage ensures a secure environment for all its users.
ETFs track the performance of a pool of underlying assets – including commodities, stocks, currencies, indices and more. Trade the world’s most popular forex and currency pairs with a trusted forex broker. All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions.
The inclusion of bonds further enhances the platform’s appeal, catering to those seeking low-risk, steady-income options. With such a robust and diverse offering, Vantage Markets ensures that traders of all levels can find instruments that align with their investment strategies and goals. BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk. It is, therefore, unsuitable for those who lack proficiency and sufficient experience.
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. 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.
- Vantage has built a decent foundation for a new mobile trading application with its Vantage App.
- I received helpful and friendly responses to my queries within 1 minute each time.
- The default dark mode workspace is easier on the eye, especially when layering color-coded indicators and graphical objects.
- It only took a few minutes to download and sign in and then you can chat with other traders and mirror strategies in a few clicks.
- Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.
Opening an account with Vantage Markets is designed to be a hassle-free experience. From articles, to educational webinars, videos, and courses; you name it, we’ll have it. Buy or sell the world’s most highly traded precious metals — gold and silver.
BestBrokers.com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you. 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%. Let us start with the Raw ECN Account round turn commission rates based on the available account currency options for Vantage customers, with calculations for standard, mini, and micro lot trading.
Negative balance protection and segregated accounts ensure enhanced security. One highlight is the PRO Trader Tools, accessible to clients with accounts funded with a minimum of USD $200. Additionally, Vantage provides segregated accounts for enhanced fund security and supports social trading platforms like MyFXBook (AutoTrade), allowing users to mirror expert strategies. However, its unavailability to US-based traders may limit accessibility for some.
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. Importantly, I was very pleased to see that there is no time limit on the demo mode, which is good compared to most online brokers who automatically close paper trading accounts after 30 or 60 days. This ultimately means aspiring investors will always have access to a risk-free environment to test trading systems. Vantage offers its own proprietary trading app, alongside the standard MetaTrader and TradingView suite of mobile apps. Vantage has built a decent foundation for a new mobile trading application with its Vantage App.
Yes, Vantage offers a decent mobile app which offers access to account management features and trading tools whilst on the move. The application allows you to place trades, follow market news and create watchlists, but I learned that it isn’t the best for serious charting and technical analysis. In this Vantage review, I share the key findings from my comprehensive assessment of the broker. I evaluate the firm in all the important categories, including regulation and trust, investment offering, trading fees, account options, and platform functionality.
