As for licensing, I’m glad to see that many clients will be registered under tier-one-regulated entities. For example, Vantage Global Prime Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC), whilst Vantage Global Prime LLP is authorized by the UK Financial Conduct Authority limefx scammers (FCA). Founded in 2009, the broker’s long history is a great sign of a well-established business with strong credentials. The firm’s notable reputation is also reinforced by its collection of prestigious awards. Additionally, I didn’t find a history of scams or malpractice at Vantage during my research.
Quick deposit and withdraw
It also offers its own proprietary Vantage app, which – despite the added distraction of in-app ads – shows real promise as a trading platform. Vantage rounds out its MetaTrader platform suite offering with support for multiple social trading platforms, content powered by Trading Central and a proprietary mobile app. However, Vantage trails industry leaders in key areas such as research and education. Second, almost all of the brokers I meet say that they’re already well compensated, and I don’t believe we need to pay brokers more to bring better health to their communities; we do need to change. Brokers of Medicare Advantage plans are paid an “Initial Year” fee by health plans when they sign up a new member (CMS recently proposed to increase payments to $726 in most states and as high as $880 in some).
How can I open an account with Vantage?
They provide coverage on current economic and financial news with potential market impact, focusing on various financial assets like gold, the US dollar, bonds, and more. When we test a broker’s customer support team, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. https://limefx.group/ The broker incorporates the sophisticated VIVA chatbot, which quickly and effectively answers most types of questions. Vantage also has a pretty exhaustive FAQ section for more general queries. Compared to the broader industry, Vantage offers an average number of currency pairs and a high number of commodities, indices, share CFDs, and cryptocurrencies.
Before you trade, AskTraders.
In addition, the VPS and access to the MetaTrader software will serve algo traders. The only downside is that you don’t get access to a library of additional indicators or trading robots. 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. As for accessibility, I’m pleased to see that Vantage offers both the web and desktop versions of the platforms. It’s easy to access all options from the client dashboard under the ‘Downloads’ tab. 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.
My tests have shown that trading fees at Vantage are fairly competitive but not the lowest I have seen. The ECN account is a good option for active traders looking for zero-pip spreads and low $3 commissions. 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. There is also an excellent selection of copy trading platforms, though past performance is no guarantee of future performance.
Where is Vantage based?
- This isn’t really a major drawback for me as I prefer the wide-screen functionality that you get on the desktop and web platforms.
- Brokers operate multiple entities because it allows them to serve clients worldwide.
- With its affordable prices and a selection of over 50 lower-risk securities, I assess Vantage to be a great choice for day traders and position traders.
- With a Vantage MT4 or MT5 trading account, you are able to take long term position trades in physical gold and silver, taking advantage of being able to trade in both long and short directions.
- Most significantly, Vantage’s educational materials cover every major trading topic, including technical analysis, fundamental analysis, risk management, and the psychology of trading.
Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. This average customer rating is based on 3 Vantage customer reviews submitted by our visitors. Compare the markets and instruments offered by Vantage and its competitors.
When you connect your Vantage account to DupliTrade, you gain access to a folio of hand-picked prop traders. Then, you simply choose the traders you want to copy based on their performance, strategy and trading style, and their trades will be duplicated on your Vantage MT4 or MT5 account. Choose the professional traders you wish to follow and diversify your Forex trading risk around multiple strategies.
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading!
The range of available markets at Vantage will depend on which entity regulates your account. The following table summarizes the different investment products available to Vantage clients. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. What this data set showed was that all 105 rolling 20-year periods would have produced a positive annualized total return. In plain English, if you had hypothetically purchased an S&P 500 tracking index at any point since 1900 and held that position for 20 years, you’d have made money, without fail, every single time.
Helpfully for Islamic investors, a swap-free trading solution is available. Additional account options include joint accounts, company trading accounts and trust trading accounts (either as individuals or as a partnership). There are also professional accounts with increased leverage, but fewer safeguards. I also like that all accounts are compatible with the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as the broker’s full range of assets.
