The range of platforms offered by the broker is among the best in the industry. All of the broker’s platforms are equipped with extensive trading support, ensuring that all its users are kept up to date about the markets. To provide each trader type with an account that matches their needs, Vantage offers a varied pricing and fee schedule depending on user priorities.
My experience with Vantage has been a…
I appreciate how they take regulation very seriously and aim to provide a transparent and safe trading environment to all clients whatever their experience level or investment size. If regulation is important to you, Forex.com are also very well regulated. Vantage hold client’s funds in segregated accounts with Australia’s AA rated National Australia Bank (NAB), separate from the company’s funds. This is to ensure that client funds are not used for any other purposes such as business operating costs. NAB are amongst the 4 largest financial institutions in Australia and have a huge market capitalisation with millions of customers, constantly ranking in the top list of the safest banks in the world. Vantage Markets is a brokerage company offering trading services for clients since 2009 with offices in Australia, Vanuatu, Cayman Islands and United Kingdom.
Top Features
Yes, Vantage is a legitimate broker that is authorized by multiple regulators, including the ASIC and FCA. There’s no evidence of scams or malpractice based on my research and the broker segregates client money and offers negative balance protection, so you can’t lose more than your deposit. Help is available via live chat, email or telephone, with waiting times for responses scoring very well. To measure the quality and speed of customer service at Vantage, I tested the live chat feature by asking several trading-based questions at different times of the day.
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In this Vantage review, I share the key findings from my comprehensive assessment of the broker. I evaluate the firm in all the important categories, including regulation and trust, investment offering, trading fees, account options, and platform functionality. I also compare Vantage to alternatives and explain what could be improved. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
Trading Fees
- The brokerage account you select will have an impact on everything from the fees and commissions you are liable for to the assets you have access to trade.
- Another unique feature of Vantage is the PRO Trader Tools available to clients who fund accounts in excess of US$1,000.
- Once you have selected “buy” you will be prompted to enter the specific details of your trade.
- As such, we would advise you to contact Vantage through either its online chat function or directly on the phone.
Vantage is a multi-regulated ECN broker with powerful trading platforms and account types to suit different trader needs. Vantage gives you award-winning customer service, a range of trading products, tools, educational resources and convenient account funding methods. For more than a decade, they have purpose-built their trading platforms and services to help you trade effortlessly and better capitalize on winning market opportunities.
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However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
The opening of a live account is a bit…
Overall, the broker’s pricing schedule is designed to ensure that its users are able to maximize their earnings by minimizing commissions and spreads. The broker also offers a high degree of leverage in all of its account types, which can prove to be highly beneficial for its users. Moreover, the broker does not charge any fees for depositing funds in the platform. Finally, it offers a 50% deposit bonus to its users along with volume rebates and other rebates. Vantage have developed and maintained partnerships with some leading financial companies in order to provide you with a comprehensive brokerage service.
As such, we would advise you to contact Vantage through either its online chat function or directly on the phone. You will see that there is a good variety of convenient https://limefx.group/ methods for depositing and withdrawing funds from your trading account. This includes bank wire, credit card and online payment systems such as Neteller and Skrill.
After opening a few positions in both MetaTrader platforms, I’ve found that one of the main differences between the two is how many order types you can execute. Both MT4 and MT5 facilitate the four key types of order (market order, pending order, stop loss, and take profit). These are instructions to your brokerage for when to open and close orders. I’m confident that both beginners and experienced traders will be catered to when it comes to charting and analysis tools. Another thing that stands out for me is the level of customizability that I get with the MetaTrader suite. Both platforms feature flexible charts and market watch windows which can be re-sized to my preferences.
We were able to obtain average spread data for over 30 brokers, and found the industry averages for these data points to be 1.04 (standard) and 0.87 (all-in). Beyond the in-platform functionality and education, the broker also provides dispute limefx forex brokers reviews resolution services to its clients. Users are allowed to submit trade inquiries via the website in case of any dispute. Once an inquiry has been submitted, Vantage conducts a thorough review before sending a detailed report to its users.
MT5 has 21 timeframes compare to MT4’s 9 timeframes as well as support for more order types and additional built in technical indicators for further market analysis. The netting and hedging position accounting system lets traders maintain full risk management control of their account. You can view prices in real time, open, amend and close positions straight from your mobile devices. I am a big fan of trading apps as they allow me to keep track of the markets and any positions at a time that works for me without needing to load my computer.
After rigorously exploring Vantage’s platform, I found the research tools to be fairly comprehensive. Ultimately, I think the app will work well for beginners or anyone looking to stay up to date with market events whilst on the go. 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). After signing in to the ProTrader platform, the sleek interface is instantly recognizable for me as the platform is powered by the market-leading TradingView. For example, it would have been more convenient if I had direct access to the web platform after logging in, rather than having to navigate through several pages first. The best part for me is that both MT4 and MT5 follow the same design, which means there is virtually no learning curve for those who switch from one platform to the other.
The Vantage ecosystem is not only a place for you to invest in financial assets, but a place for you to learn, explore and connect with other like-minded investors. At Vantage, they hold themselves to the highest regulatory and security standards so you can invest through them with absolute peace of mind. I have found them a dream to deal with so far and can highly recommend them for trading online. They really go above and beyond to ensure that they are implementing the latest innovative technologies to remain at the forefront of the online brokerage industry.
This may not make a great difference if you are holding positions for days, weeks or months. However, it can have a big impact on scalpers who hold trades for a few seconds or minutes. In this instance, even the smallest differences in price can have a significant impact on results. If you have traded with Vantage we would really like to know about your experience – please submit your own review. I think Vantage could improve its education by introducing more interactive learning materials such as courses with quizzes or progress trackers. These would make the resources more engaging, especially for beginners.
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. Vantage 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. However, I am not a fan of the ads, and it is still a long way off from competing with the best mobile apps in the industry.
Please note, some markets may only be available via CFDs or other derivatives. Below is my view on the tools that I think elevate the trading experience. Looking at the negatives, the user experience of the client dashboard isn’t as seamless as other brokers in my view. I want to stress that while high leverage can boost potential profits, it can also cause significant losses. I strongly recommend employing risk management tools such as stop-loss orders. Traders can access a free demo account at Vantage which gives you $100,000 in virtual funds to practice with.
Additionally, the inclusion of an advanced economic calendar is extremely helpful for pinpointing times when market volatility may climb. When it comes to topping up and withdrawing from your account, the options available are very much industry standard. Domestic fast transfers are also available for those who are located in Australia. Additionally, Vantage also supports a number of electronic transfer methods, including Neteller, Skrill and FasaPay. Generally speaking, Vantage will not apply any additional fees, though this may depend on your bank.