With this in mind, I think ProTrader terminal is a better choice for intermediate traders or those who aren’t interested in exploring automated trading features. Based on my tests during normal trading hours, the Standard Account offers an indicative spread of 1.4 pips on the EUR/USD, which is reasonable though not the lowest. With that said, the commission-free trading model will serve new traders looking for straightforward pricing. My assessment found that fees at Vantage are competitive, especially in the higher account tiers. The best part is that you only need $50 to access raw spreads in the ECN account, but there are commissions to be aware of.
Vantage Customer Support
I also like that account trades are synched across all MetaTrader platforms. MT4 is one of the most widely used trading platforms in the world which I like for its user-friendly interface and quick learning curve. It is simple enough for those of you who are novice traders whilst having enough advanced functionality for the more experienced traders amongst you. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. The low starting deposit of $50 ensures accessibility for those on a lower budget and the unlimited demo account allows you to practise trading risk-free for as long as you need.
Vantage FX Review 2023: Pros, Cons and How to Start Trading
The STP account does offer zero commissions but wider spreads from 1 pip. The ECN account is a good option for active traders looking limefx broker reviews for zero-pip spreads and low $3 commissions. Vantage is trustworthy based on my thorough background checking and research.
Trading Platforms at Vantage
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. 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. 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.
Copy Trading
The trading experience via the MetaTrader 4 and MetaTrader 5 platforms is very much what you have come to expect. The MetaTrader 5 platform in particular has really been streamlined with this latest update. The WebTrader platform and the proprietary mobile app are both similarly easy to use, and beginner traders shouldn’t have an issue getting used to them. Using ZuluTrade, you can access signals from other traders which you can then choose to follow and have these signals copied directly to your own trading account.
Founded in 2009, Vantage is the brainchild of a highly specialised team with backgrounds in finance, forex trading and fintech. Delivered through powerful trading platforms, Vantage puts significant emphasis on user trust and transparency, which is backed up by an award-winning customer support team. This combination has helped Vantage to become one of the market leaders in the Australian market. With Vantage Markets, https://limefx.biz/ traders will experience super-fast trade execution, as well as interbank grade and RAW ECN spreads. When combined, these elements offer clients a true institutional trading experience, across a wide range of trading instruments. They also offer services designed for both beginners and professionals with access to Forex ECN trading, as well as CFD trading on Indices, Commodities, and U.S & Hong Kong Shares.
- In terms of the look and feel, I personally find trading on this software a more enjoyable experience than MT4 and MT5.
- Thus, clients don’t need to worry about saving their funds at Vantage Markets.
- Thankfully, Vantage gets an easy seal of approval and a very high trust score from me.
- The application allows you to place trades, follow market news and create watchlists, but I learned that it isn’t the best for serious charting and technical analysis.
- Vantage has teamed up with Myfxbook AutoTrade to bring forex traders one of the most popular FX copy trade services available.
Vantage Markets is a global, multi-asset broker offering clients access to a nimble and powerful service for trading CFDs on Forex, Commodities, Indices, Shares, and Cryptocurrencies. With more than 10 years of market experience and headquartered in Sydney, Vantage Markets now has over 1,000 employees/personnel across more than 30 global offices. I recommend the Raw ECN or Pro ECN accounts, as these offer ultra-tight spreads. The availability of the MetaTrader platforms and VPS also means that active day traders using automated systems are catered for. Looking at the downsides for day trading, execution speeds at Vantage aren’t the fastest.
Vantage continues to offer commission-free trading on global markets with tax-free profits for traders from the UK and Ireland. Helpfully, you get access to all the same platforms for spread bets, as well as commission-free trading. Vantage is very good broker.low and stable spreads.easy deposits and withdrawals.customer support service is quick.i recommend to every one to use vantage markets.i choose vantage. Remember – there’s a difference between trading U.S. stocks as CFDs (tradeable instruments that track the price of an underlying security or asset) and being able to own the underlying stock.
Traders are constantly on the hunt for low-cost forex brokers – you can learn more about low-cost forex trading by checking out our guide to zero-spread forex brokers. For traders who prefer to employ algorithmic trading strategies, the availability of VPS services ensures that investors can gain access to lightning fast trade execution with minimal latency. Investors are also allowed to hedge positions, adding to the strategy potential available through the Vantage services.
In other words, if you purchase a share CFD, you do not own the share but rather have exposure to the price action of that share. Therefore, if you are seeking a platform to buy and hold shares over a long time horizon, a CFD product is not ideal for you. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites.