My only minor concern is the absence of stocks from Asian companies in its asset selection. Vantage offers over 1000 tradable instruments across currency pairs, commodities, share CFDs, indices, cryptocurrencies, futures, ETFs, and bonds. The selection is both wide and diverse and offers the perfect blend of low-risk securities and higher-yield/risk assets.
Clients must contact the broker’s customer support to request further assistance. Vantage accepts payments via bank wire, credit and debit cards, and e-wallets. There is no handling fee for deposits or withdrawals, except for withdrawals via international bank transfer, which are liable for a $20 fee. I tested the desktop version of the MetaTrader 5 platform, which offers several essential tools, including one-click trading, an alarm setting option, and a market depth tool. These features enable traders to analyze market developments from multiple perspectives and capitalize on trading opportunities in various ways. Based on my findings, Vantage’s Standard account, which features zero commissions and floating FX spreads, aligns with the typical STP account structure.
Vantage’s forex trading fees are fairly low, but not the best in the industry. Clients can choose between an STP account with zero commissions and floating spreads from 1 pip or an ECN account with low spreads from 0.0 pips and a $3 commission per lot per side. Importantly, both accounts have a low minimum deposit of $50, which will appeal to those on a budget. This is also cheaper than many forex brokers we have reviewed, including IC Markets, which requires $200. Vantage Markets ensures traders have access to reliable and comprehensive customer support around the clock. Available 24/7, their support team offers assistance through live chat for instant responses, email for detailed inquiries, and AI-powered bots for quick, automated solutions.
Popular Forex Guides
The spreads on these pairs start at a great value 0 pips with a $3 per lot commission for retail traders, or from 1.4 pips without commission. Traders can reach the customer support agents via a dedicated phone number, email, and live chat both on the website and mobile app. The fees and commissions charged on CFDs trading are a bit on the high side when compared to other brokers. Moreover, the broker does not protect the accounts of traders from falling into the negative territory, which implies that traders can end up owing the broker. Vantage FX clients can diversify their portfolio by duplicating the trades of proprietary traders. When traders connect to DupliTrade, they gain access to a portfolio of hand-picked proprietary traders.
Research Tools
- My account manager keeps in touch consistently, making my experience quite positive up to this point.
- These are only available to Australian clients – the offshore entity does not offer digital currencies, which is unusual.
- The transaction speed is very fast and the slippage is low, making the risk of news much reduced.
- This service allows you to copy the trades of any system you select directly into your Vantage FX MetaTrader 4 account.
- His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis.
For the purposes of this review, we found customer support via live chat extremely responsive and polite. One of the benefits of using the Myfxbook Autotrade copy trading platform is its functionality. It offers multiple copy trading modes and there is no limit on the number of Strategy Providers that can be followed. Vantage Fx’s sentiment page displays the overall long and short positions of the Vantage FX book.
In the case of bank payments, traders at Vantage can choose from around 8 currencies in which to carry out their transactions. This is slightly less than what you get at worldtradex, which offers up to 15 local currencies. However, it is much better than worldtradex, which provides only 4 currency options. Through ZuluTrade, DupliTrade, and MyFxBook Autotrade, Vantage also offers social trading via which traders can profit by copying the positions of more experienced investors. The margins generally depend on the Vantage subsidiary with whom you open your account.
Vantage MT5 Mobile
Ultimately, this means Australian and UK clients will get the best regulatory coverage. Opening hours for each asset can be found in the respective instrument section on the broker’s website. Another promising sign of its legitimacy is the 900,000-strong client base.
“Great broker I ever trade with so far”
In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and information transparency. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. 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). By the Financial Conduct Authority (FCA) under Vantage Global Prime LLP, for institutional clients.
For over 10 years, Vantage has remained committed to offering quality services to clients through user-friendly trading platforms, top-notch technology, and client-focused offers. The combination of very low commissions, free or tight spreads, and fast execution makes Vantage a suitable option for most beginner to intermediate traders. Professional traders and institutional investors may also enjoy the services of the broker especially if they sign up for the PRO ECN account.
Trading conditions improve significantly on its Raw ECN Account, which has a 0 pip spread and an extremely low commission, but a minimum deposit of 500 GBP. 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. Again both MT4 and MT5 trading platforms are available and a wide range of markets including forex, indices, commodities, and shares are there for you to choose from.
- Read our full explanation and accounting of our research and testing process to learn more about how we test.
- This adds an element of risk to traders who register with this branch.
- Instead of charging a swap fee, the broker applies an administration fee, which is deducted from the trader’s balance.
- For clients with specific religious beliefs, the Swap-Free Account provides an option to trade without swap fees, aligning with Shariah law.
It includes a diverse mix of lower-risk securities like ETFs and bonds, alongside higher-risk, high-yield assets such as indices and cryptocurrencies. Additionally, the broker provides a solid selection of futures contracts, catering to swing and position traders. Vantage shines in the Fees category, offering commission-free trading and low spreads on its Standard account. Furthermore, the broker does not charge an inactivity fee or a handling fee for deposits and withdrawals.
The program allows users to follow and copy more experienced traders while accessing a community of other forex traders. I like that you can find other like-minded traders with similar goals and portfolios and easily share information and advice. There are no deposit or withdrawal fees, which is an advantage over firms like eToro, which charges $5 per withdrawal. Moreover, the broker will cover the first 20-unit fee from international bank transfers every month which helps keep transfer costs down. Professional traders and money managers also have the option of the Pro ECN Account.
Please be aware that denying consent for a particular purpose may make related features unavailable. Vantage offers a user-friendly platform with transparent and reasonable pricing. My account manager keeps in touch consistently, making my experience quite positive up to this point. MetaTrader 4, MT5 from its stable, is one of the most popular, used right now today in the industry. They offer one of the most efficient technologically advanced systems when used for charting, algorithmic trading, and wide market analysis. Trade global indices namely S&P 500, NASDAQ, FTSE 100, and Nikkei 225 and get exposure to emerging well-established markets in the world.
The stop-out level is automatically triggered when your account is below 50% of the required margin. Vantage is a no-dealing-desk broker that offers varying execution models depending on the account you choose. One minor drawback is the limited access to popular cryptos like Bitcoin. These are only available to Australian clients – the offshore entity does not offer digital currencies, which is unusual.
The $50 starting deposit, low fees, unlimited demo account, copy trading and educational resources will suit beginners. The broker also provides an extensive FAQ page, which is where I recommend starting if you have a basic query. The search bar makes finding relevant information intuitive, and there is enough content to deal with standard account and product conditions. Support is available 24/7, providing amongst the best coverage available on the market thanks to the broker’s live chat, telephone hotline and email contact options. For us, the fee rebates and perks through V-points will be the most useful for active traders.
For clients with specific religious beliefs, the Swap-Free Account provides an option to trade without swap fees, aligning with Shariah law. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. He earned a Bachelor’s degree in Economics and International Relations. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers.
Transparent And Low Fees
Be aware that Vantage FX’s financial instruments are somewhat limited compared to other similar brokers. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers Worldtradex for a variety of trading styles, skill levels, and financial parameters.
