Vantage Review 2024 Pros, Cons & Key Findings

In addition to copy trading features, Myfxbook Autotrade offers journal features where you can keep track of your trading history. Whilst you clearly won’t get the same experience as the desktop platform, you will get an abundance of real-time data and forex market research straight from the palm of your hand. I was able to access convenient account management features, as well as trade monitoring. 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).

DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Compare the markets https://limefx.name/ and instruments offered by Vantage and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

  1. However, this is standard practice and Islamic accounts avoid this charge, though an admin fee is levied instead.
  2. The Vantage platform is also good in its own right but if you change brokers down the line, you will need to learn another platform all over again.
  3. Importantly, as you can see from my comparison of other brokers below, Vantage also holds its own in terms of access to the best trading platforms.
  4. I also appreciate that strategy providers are more rigorously vetted, with certain performance requirements needing to be met before their positions can be mirrored.

MetaTrader is freely available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). All of the platforms update simultaneously so that you can open, manage and close positions in real time from multiple devices. The multi-regulated broker also protects client funds through the use of segregated accounts. Vantage delivers a great user experience that is intuitive and feature-rich.

I think it is great to be able to track the news from within the platform rather than having to use an external economic calendar. However, I felt that it didn’t have the advanced market analysis capabilities of the MetaTrader apps. That being said, it would be absolutely fine for checking market prices and managing positions from the comfort of your mobile device.

On the other side, the ECN account types feature raw spreads from 0.0 pips that incur commissions of $3 per trade for the lower tier account and $2 per trade for the higher tier account. 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. 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.

They can also help you with trading platforms through the 1 on 1 support they offer using the TeamViewer screenshare software. I have always received top class support but think it would be great if they could increase working hours to weekends as well. The forex market is the largest in the world in terms of volume with a daily turnover of more than $4 trillion.

Start Trading with aleading regulated broker

We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. The integration with TradingView will allow users to access 1,000+ tradable CFD symbols across shares, metals, crypto, and more instruments. 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.

Banking with :

While this is pricey, I think the benefits are worthwhile, since I was able to access custom watchlists, hundreds of technical indicators and daily trade ideas. Serious algo traders will appreciate the virtual private server (VPS) which is available with a $1,000 deposit. Experienced copy traders who deposit $2,000 limefx broker reviews can copy up to 12 strategies in the DupliTrade platform. However, this is standard practice and Islamic accounts avoid this charge, though an admin fee is levied instead. As you can see from my comparison of suitable alternatives below, Vantage rivals popular brokers when it comes to the breadth of markets.

The MT5 mobile application is freely available to download on both Android and iOS devices. You can access your trading account to manage positions and analyse the markets whilst on the go. The main functionality of the MT5 desktop platform is available through the mobile application. The MT5 web trader provides the same functionality as MT5 desktop without you needing to download or install any additional software. The MT5 web trader runs directly in most popular web browsers so you can access your account from any location at any time, provided there is an internet connection. This can come into use if you do not have your computer available and need to check your account.

Best Offers

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.

Vantage is a no-dealing desk trader and offers STP and ECN forex trading accounts. Overall, Vantage is among the better brokers operating in the market thanks to its dedicated efforts to deliver excellent added-value for clients. It offers a good range of financial instruments while also providing exceptional trading tools designed to help users maximize their experience. Moreover, the broker’s fees and commissions schedule is very straightforward while emphasizing speedy execution. Vantage offers 55+ currency pairs – above the industry average, so experienced traders can explore plenty of opportunities. Vantage’s deep liquidity pool provides forex spreads from 0.0 pips in the ECN account, lower than many alternatives.

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