However, I am not a fan of the ads and, and it is still a long way off from competing with the best mobile apps in the industry. ForexBrokers.com has been reviewing online forex brokers for over eight 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. The commission-based alternatives at Pepperstone and Vantage feature raw spread trading for a $6.00 commission per 1.0 round lot, but the Vantage Pro account lowers them to $3.00. Available for both Android and iOS, Vantage offers its customers the use of a sophisticated mobile app to manage their trading activities directly from their smartphones.
- This includes traditional methods like bank wire transfers and credit cards, as well as modern e-wallets such as PayPal and Skrill.
- While some brokers only offer one type of account, such as USD, Vantage enables users to create an account denominated in one of nine different currencies, ranging from the Singapore dollar to the Japanese yen.
- Roboforex is registered in Belize, and regulated by the CySEC, FCA, ASIC, and FSA.
How can I reach customer assistance at Vantage Markets?
Still, you can only expect some supported languages from an Australian broker. It is also worth mentioning Vantage Markets has some of the lowest fees on the market, and if this is an essential aspect for you, then this broker is one of the best options worldwide. The demo account is the best way to practice trading and improve investment results. To do so, upload a photo of proof of identity and proof of residence.
By including cryptocurrencies in its trading instruments, Vantage ensures that traders can capitalize on the dynamic price movements and potential high returns that cryptocurrencies often provide. All accounts are available on the MetaTrader 4 and MetaTrader 5 trading platforms for the Windows, Mac, Android and iOS operating systems. And for social trading and copy-trading, collaborates with ZuluTrade to make it accessible to its customers. 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. Vantage provides an extensive and diverse array of educational resources aimed at enhancing the trading knowledge and skills of its clients.
Non-Trading Fees
- Vantage has established itself in 2024 as a leading brokerage firm, renowned for its competitive pricing, advanced trading platforms, and strong regulatory compliance.
- As for accessibility, I’m pleased to see that Vantage offers both the web and desktop versions of the platforms.
- Social trading is a great way to learn from the top traders in the industry, so it’s great to see Vantage supporting it so well.
- During our Vantage review, we found that submitting the required registration information takes less than five minutes, matching the claim made on the broker’s site.
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. I also don’t recommend picking a brokerage based on their bonus deals. Funds deposited via bank cards and most e-wallets are processed instantly.
Vantage offers traders two major types of accounts aimed at providing for the services of different classes of traders. Vantage utilises superior trading technology to offer traders ultra-fast trading execution speeds. As a result, traders do not experience any significant interruptions during trading sessions. The spreads the broker charges across instruments are minimal, meaning that traders can get the best out of a profitable trade. The fees and commissions charged on CFDs trading are a bit on the high side when compared to other brokers.
VANTAGE PROS/CONS
The documents are usually confirmed within 24 hours (that’s how it was for me), and then all the functions of the trading account are available to you. In this software, you will find everything you need to perform a professional analysis. Also, additional add-ons or indicators can be added to improve the charting. The MetaTrader will be installed with a wide range of standard indicators.
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. Importantly, as you can see from my comparison of other brokers below, Vantage also holds its own in terms of access to the best trading platforms. 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. As you can see from my comparison table below, Vantage stands up well against two of the most tightly regulated brokers in the industry, Pepperstone and AvaTrade.
What are the best Vantage Markets alternatives?
In addition to all the above, both MT4 and MT5 are available in Web Trader versions, for those who cannot or do not want to download anything to their local machines. The web trader versions are surprisingly capable and customizable as well. Several USD and EUR pairs are offered for Bitcoin, Bitcoin Cash, Dash, Litecoin, Ripple and Ethereum. One such incident saw it deny payment to one of its IBs (Introducing Brokers). After the said affiliate posted a complaint about the operator at one of the review portals, Vantage allegedly offered to pay him only if he first removed the said complaint. Whether or not such stories are true, is quite impossible to verify at this point.
Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
The academy includes specific categories allowing you to cycle through forex articles, webinars and online educational resources easily from the broker’s website. Our experts rate this package from Vantage as it allows retail traders access to an upgraded version of the MetaTrader platforms. The benefits include an alarm manager, a correlation matrix, and an Excel RTD link. This uses an external server to manage trading connectivity meaning your account is running without the downtime caused by computer problems. 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. It is a better fit for casual traders who will appreciate the custom watchlists and news updates.
For traders interested in precision charting, or that don’t like the MetaTrader suite, I would opt for ProTrader. This includes stocks, indices, commodities, metals, energies, ETFs, and bonds. The 800+ list of equities is particularly strong, with exposure to blue chip stocks from the US, Europe, Australia and beyond. The range of forex assets offered by Vantage is not the widest, with 49 currency pairs available. If you have experience trading with Vantage please share your personal review of the broker and what you think are strong and weak points. If you have traded with Vantage we would really like to know about your experience – please submit your own review.
My favorites are the Market Buzz AI news tool and the Analyst Views feed with live trade set-ups. Vantage also doesn’t disappoint when it comes to additional trading tools. I have been particularly impressed with the comprehensive range of third-party social trading platforms, including Myfxbook and ZuluTrade. 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. I have no complaints about the wide range of funding methods at Vantage, with plenty of accessible options for global clients.
Traders have permanent access to the account as there are no time limits for its use. Traders can execute trades in the market for 24 hours, 5 days a week. Then, the fees and commissions that traders are charged for executing trades and other related activities are negligible. Deposits and withdrawals related to the trading account do not attract any charges internally, which means traders get as much of their profits as possible. There are also no fees for long-term inactivity, so traders do not incur expenses when they are not trading.
The MyFxBook AutoTrade feature takes the social trading aspect even further. It allows users to copy the trades of more successful and profitable traders. Featuring MT4 as well as MT5, the broker offers its users access to some of the best online trading solutions in existence. While most of the reviews/feedback shared by users of the brokerage through various portals are positive, there are always a few dissenters. Apparently – above and beyond the usual range of complaints regarding withdrawals and trade execution – the broker was involved in a number of allegedly underhanded practices at certain points of its existence.
The customer service is also responsive and available at almost all times of the day. Our request to talk with a human agent worked well, and on entering an account number, the chat was transferred directly to the broker’s customer support team. Another neat feature of the site is that accounts are, by default, set up so that copies of all Live Chat conversations are emailed to you after chats are closed. Ongoing management of accounts and cash transfers is performed by visiting the home page of the trading Worldtradex courses scam platform. Vantage does point out that some payment options might incur charges levied by third parties, so checking the small print can save paying unnecessary fees.
We found the sign-up process straightforward and appreciate the selection of fast, low-cost deposit options. Advanced charting software and high-quality copy trading tools also enhance the forex trading experience for us. On the negative side, withdrawal timelines are slower than some alternatives and regulatory protection at the offshore branch is weak. Overall though, Vantage is a good destination for online forex trading. At Vantage, non-trading fees are kept to a minimum to ensure that traders can manage their investments more efficiently without undue financial burden. The broker does not charge any fees for deposits, making it easier for traders to fund their accounts as needed.
