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. For beginner traders, I appreciate the low $50 minimum deposit, unlimited demo account and selection of educational materials. The in-house platform is easy to use and there are hundreds of popular assets to trade. Perfect for both new and experienced traders who want to access the markets while on the go, the convenient MT4 and MT5 apps by MetaQuotes are fast, reliable and compatible with both Android and iOS devices. Vantage provides their clients with several top trading platforms including the famous MetaTrader5 (MT5) and MetaTrader4 (MT4) trading platforms. The MetaTrader platforms are available on the web, desktop (MAC and Windows) and mobile devices (Android, iPad, iPhone, limefx scam and Tablets).
Our broker ratings are also informed by the experience of our researchers during the evaluation process. Both MT4 and MT5 are well-regarded forex trading platforms that provide powerful tools including advanced technical indicators, customizable charts and signals. Vantage offer a variety of top trading platforms including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) developed by MetaQuotes. MetaTrader is freely available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). All of the platforms update simultaneously so that you can open, manage and close positions in real time from multiple devices.
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. 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. I think Vantage could improve its market coverage by introducing Asian share CFDs from exchanges like the Shanghai or Tokyo Stock Exchanges.
Bonuses & Promotions
The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant. You will see that there is a good variety of convenient methods for depositing and withdrawing funds from your trading account. This includes bank wire, credit card and online payment systems limefx website such as Neteller and Skrill.
Either way, the accounts are similar to what you will find from most brokers. I personally like the ECN account as it has the lowest spreads and commissions combined. You can view prices in real time, open, amend and close positions straight from your mobile devices.
Does Vantage Offer Low Forex Trading Fees?
The $1.50 commission per side per lot in the Pro ECN account is particularly competitive, though note that this comes with a $10,000 minimum deposit and is therefore best for active, high-volume traders. Helpfully for Islamic investors, a swap-free trading solution is available. 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. The $50 starting deposit, low fees, unlimited demo account, copy trading and educational resources will suit beginners. This social trading platform is attractive as it will continue to copy forex trades even when I’m not connected to the platform.
Vantage Markets Reviews
- That being said, you will find most of popular assets available to trade with accounts that have low spreads and no commission fees.
- If you sign up to one of their preferred VPS partners and trade a minimum of 10 standard lots per round turn per month then you are eligible for the free VPS service.
- Libertex also have Trading Central if you want to consider an alternative option.
- I always would prefer to use my own strategy and depend on nobody but myself.
Read our full explanation and accounting of our research and testing process to learn more about how we test. By the Financial Conduct Authority (FCA) under Vantage Global Prime LLP, for institutional clients. Vantage also has an entity that holds regulatory status with the Cayman Islands Monetary Authority (CIMA), and by the Vanuatu Financial Services Commission (VFSC) in Vanuatu. Yes, based on your detected country of BG, you can open an account with this broker.
It is free to all traders who open a Vantage live account and deposit a minimum of at least $1,000. There are tutorial guides and videos explaining how to use each of the tools. Whether you are a scalper, swing trader, or trade long term, the ProTrader platform is designed for traders of all styles. Featuring 12 different chart types from traditional candlesticks to Renko and Kagi, as well as multiple timeframes and a variety of chart layouts, you can monitor the markets like a professional.
The VFSC is not a highly respected authority and does not offer the same degree of protection for retail traders in my view. ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers. Before making any trading related decision, contact a local professional financial advisor. We always recommend that users approach forex trading with a sensible risk management strategy. Vantage is a highly-rated forex broker with a good variety of assets, useful tools and low fees. However, there is no guarantee of making money when trading forex online regardless of the broker you trade with.
Vantage is the best platform I have ever used.
You can sign up to the ZuluTrade and connect your Vantage account to the platform via the website or mobile applications (iPhone, iPad, Android, Blackberry, and Kindle Fire). 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Fees & Costs
Subsequent transfers will have the fee deducted from the withdrawal amount. Intermediary transfer fees from overseas banking institutions are the client’s responsibility and are not covered by Vantage. Vantage is a top-tier broker with some of the lowest trading fees I have seen. It’s just a shame the Pro account has a steep $10,000 starting investment. Compare Vantage with the top 3 similar brokers that accept traders from your location. The broker is available 24/7, which is a notable advantage compared to the 24/5 support offered by many competitors.
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. Looking at the negatives, the user experience of the client dashboard isn’t as seamless as other brokers in my view. My only minor complaint is that the selection of shares is lighter than some brokers like CMC Markets. Thankfully, Vantage gets an easy seal of approval and a very high trust score from me.