Brokers operate multiple entities because it allows them to serve clients worldwide. However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection. Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid. That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand. I concluded that Vantage is great for day traders and long-term investors.
Does Vantage offer a demo account?
- With Vantage, there are a number of educational resources, mainly aimed at beginner traders who are new to forex and CFD trading.
- ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry.
- It facilitates technical analysis by providing an overview of price action behavior.
- These are via live chat on the website, via email, via phone, and by connecting with the company’s Telegram chatbot.
We found VantageFX to have tight spreads and low commissions, beyond that the Forex broker is quite generic with MT4 and MT5 trading platforms and 50+ Forex pairs along with other CFD products. In addition to all the other account features available, Vantage has also got a number of other bonus features that make an account with it even more appealing. This includes a ‘refer a friend’ scheme, an active trade programme, a 50% deposit bonus, and a rebate scheme. The ‘refer a friend’ scheme is potentially lucrative and gives you the opportunity to earn a $150 bonus for every successful referral – this also gives them a $100 sign-up bonus.
Demo Account
Clicking through, we were asked for our name and phone number and then asked to select a bunch of options for customizing our account. The Vantage Group of companies is regulated by financial bodies in a number of jurisdictions across the globe. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. Use our international search tool to find a broker that accepts clients from your country. MetaTrader 5 stands out with its simplistic design and key features like one-click trading, alarm settings, and a market depth tool, ensuring fast and efficient order execution. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates.
More Currency Options
Vantage has a range of deposit methods, making it pretty easy for most traders around the globe to fund their accounts. If you’re just starting out, or you only going to take the occasional trade, the standard account is probably right for you. If you’re located in Australia https://limefx.name/ or the UK, it’s a no-brainer to take advantage of the low commissions on the raw ECN account. We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence.
Vantage, as well as many other broking firms, could improve in this regard, especially with providing education and tools for the experienced trader. We’re quite strict on how we rate particular broking firms with regard to forex trader education, as we believe it’s an area the industry could greatly improve on. Outside of these hours, we would sometimes run into a chatbot on live chat, or deal with a customer support representative who seemed less knowledgeable than their Australian counterparts.. If you ever have a problem or an inquiry regarding your Vantage account, there are a number of ways you can contact the customer support team to have things resolved. Vantage is also a member of The Financial Commission which is a body formed exclusively for solving any disputes between brokers and traders in a smooth, seamless manner. The Financial Commission while impartial, is not a government body or regulator.
Customer Support 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. Leading multi-asset broker, Vantage Markets has secured the esteemed "Best Trading Experience - Global 2024" award from Ultimate Fintech. Leading multi-asset broker, Vantage Markets (or Vantage), is pleased to announce it has been awarded the 'Best Multi-Asset Broker' award at the...
Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Besides multi-currency support, Vantage’smulti-account support for its copy trading promises to effectively enable usersto copy trades across different account types. For instance, a trader with aStandard STP account can copy trades from a provider using a Swap-free RAW ECNaccount, even if both accounts trade in different currencies, the companymentioned. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today.
There were also bond CFDs, allowing us to speculate on interest rate changes. It was very simple to bring up price quotes for products like the 10-year German government bond. We could easily trade crude oil, natural gas, Brent crude, and even more exotic options like low sulfur gasoil. When it comes to the range of trading instruments available with Vantage, there are plenty, but not as many as companies like Pepperstone or IC Markets. Placing orders in MT5 is very simple, select your order type and trading parameters, then click the blue or red buy and sell buttons. As you can see, MT5 has a very clean and intuitive interface, which is great for keeping trading stress levels to a minimum.
Additionally, the broker is well-suited for hedging strategies, offering an extensive selection of futures contracts. Clients’ funds are held in fully segregated accounts with the National Westminster Bank (NatWest). With more than 10 years of market experience and headquartered in Sydney, Vantage now has over 1,000 staff across more than 30 global offices. We have partnered with Lloyds of London to implement Excess of FSCS Insurance, making Vantage one of the only brokerages to provide up to £1 million in fund compensation and protection.
Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Additionally, Vantage opened its dedicated profilepage on TradingView's website to engage with users by sharing educationaltrading articles and market analysis. The retail FX and CFD broker also updatedits website and trading application to enhance transparency and cost savings.
To open a trading account with FOREX.com, you'll need to make an initial minimum deposit of $100. The broker incorporates multiple tools and several platforms, including MetaTrader 4&5 and ProTrader, and has a wide collection of educational materials. Vantage’s market breakdowns are available from the website with free access to registered and unregistered clients.
Vantage rounds out its MetaTrader platform suite offering with support for multiple social trading platforms, content powered by Trading Central and a proprietary mobile app. However, Vantage trails industry leaders in key areas such as research and education. Not every broker publishes average spread data, and pricing structures vary.
Vantage’s research is sourced primarily from third-party content providers such as Trading Central, and it lacks substantial in-house content. Considering the quality and depth of research that is made available by the best forex brokers such as IG, Saxo, and CMC Markets, there remains considerable room for Vantage to improve in this category. 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.
A full list of fees is readily available and easily accessed via the homepage – simply click on the payment options icon at the bottom right-hand corner of the homepage. In our experience, both deposits and withdrawals to the platform are processed quickly with minimal delay. Vantage provides two retail and one limefx scammers professional account, featuring ECN and STP pricing. With a minimum deposit of $50 and multiple base currencies, the broker supports various trading strategies. It also offers its own proprietary Vantage app, which – despite the added distraction of in-app ads – shows real promise as a trading platform.