Ideal for traders on the go, Vantage WebTrader is compatible with most modern web browsers and can be accessed from any device with internet connectivity. Chief among broker characteristics mentioned is that Vantage stands as one of the best MetaTrader and copy trading (social trading) brokers in forex trading for 2023. They are especially noted for the support given for copy trading through the trading platform, SmartTrader. The add-ons afforded by SmartTrader work with MetaTrader and other copy trading platforms.
- The forex market is the largest financial market in the world with a turnover of well over £4 trillion a day.
- Deposits are generally processed instantly, allowing traders to start trading without delays.
- To use this method, clients need to log in to their Vantage account, navigate to the deposit or withdrawal section, and provide their card details.
- Currently, the National Australia Bank acts as its custodian bank and it is regulated by the Cayman Island Monetary Authority (CIMA).
- Vantage’s Pro Trader Tools and Tutorials are designed to help experienced traders take their trading to the next level.
- Then Vantage FX has received numerous awards for its exceptional trading services over the years.
This feature is crucial for traders as it provides peace of mind and limits their potential losses, especially during high market volatility or unexpected events. Vantage hosts regular educational webinars, offering clients the opportunity to learn from experienced traders and industry experts. These live sessions cover a diverse range of topics, such as technical analysis techniques, trading strategies, and market updates. Participants can ask questions and interact with the presenter, allowing for a dynamic and engaging learning experience.
Vantage vs TopFX 2024
Since this account uses micro-lots rather than standard lots for trading, your required capital (and therefore risk) is far lower. With this in mind, we think this account is a good alternative to a demo account if you want to practice trading with real cash rather than virtual cash. If you’re located in Australia or the UK, it’s a no-brainer to take advantage of the low commissions on the raw ECN account. In case you are wondering how these commissions compare to other brokers, Ross Collins did an extensive comparison. We think you will agree that commissions with VantageFX are very good when you see our commission test results.
Vantage does not offer a comprehensive range of educational resources for traders, putting it at a disadvantage against brokers that make education a priority, such as CMC Markets or City Index. Vantage https://limefx.vip/ offers its own proprietary trading app, alongside the standard MetaTrader suite of mobile apps. Vantage has built a decent foundation for a new mobile trading application with its Vantage App.
Deposits and Withdrawals
Payment from joint bank accounts or credit cards is accepted if the trading account holder is one of the beneficiaries. This is because an equivalent trade on a zero spread account with Fusion Markets will incur a $4.50 commission per round turn, which is, at present, among the most competitive offers within the industry. Vantage offers a deposit bonus that matches a percentage of the client’s deposit amount. The bonus percentage can range from 10% to 50%, depending on the deposit amount and the terms and conditions of the promotion. To claim the bonus, clients need to meet the specific requirements outlined in the terms and conditions, such as the minimum deposit amount, the bonus percentage, and the trading volume required. The Refer a Friend promotion is a way for existing clients to earn bonuses by referring their friends to Vantage.
Vantage Review 2024: Is It a Reliable Forex Broker?
As a platform primarily dedicated to forex and forex CFD trading, the forex trading on offer is generally pretty solid. Vantage gives users instant access to deep liquidity on the live currency markets across over 40 currency pairs. While quite limited when it comes to the more exotic currency pairs, all of the major currency pairs that you could hope to trade are covered. Generally speaking, the spreads on offer are very competitive and trades are executed incredibly quickly. Vantage is a no-dealing desk trader and offers STP and ECN forex trading accounts.
Offering of investments
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. 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. Just a couple minutes after we’d started the process, we were picking our desired currency to keep our account in, and the specific account type we wanted to open. There are regular educational webinars, which are run by a trading education firm called Trade With Precision which focus on topics such as specific technical indicators and trader psychology.
A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). 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.
There is also the Vantage App, which is essentially a branded version of the MT5 mobile app. One particular downside with Vantage ProTrader is that it’s browser-based, which could be a problem if you have a slower computer. The other downside is that scammed by limefx it’s just a charting platform at the moment, Vantage doesn’t offer trade order entry through it. All of the deposit options come with zero fees from VantageFX themselves, but some options may have fees from a specific bank or financial company.
Live chat allows clients to connect with the support team in real time, enabling them to receive immediate assistance with their concerns. The broker is noted for its good trading instruments offering and for having one of the most competitive spreads in forex trading. With an abundance of FX liquidity in our dark liquidity pool, Vantage is able to provide traders with the tightest Forex spreads available.
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). If you’re a complete beginner and want to learn how to trade, you can find better educational options elsewhere. But, if you somewhat know what you’re doing, Vantage offers competitive spreads and commissions.