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 limefx courses scam level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). While the broker’s research and educational offerings continue to expand, Vantage has a ways to go if it wants to compete with the best brokers in those categories.
Vantage FX Review 2023: Pros, Cons and How to Start Trading
Vantage FX offers both MT4 and MT5 trading platforms across all mediums. This means you can have access to the webtrader, desktop, or mobile variations of these trading platforms through the broker. Both trading platforms are available across all account types for you to select. Should traders encounter any questions or challenges, Vantage provides excellent customer service to help users overcome these issues. The broker’s customer service team can be reached by email, chat, or phone. Furthermore, customer support is available in a range of languages, making it even easier for users to communicate in their preferred tongue.
Does Vantage offer a demo account?
It features a modernized interface with an impressive suite of technical tools. The Raw account and Pro ECN offer attractive pricing, especially for experienced investors looking for ultra-tight spreads with low commissions from $3 per side. Vantage offers a strong suite of trading instruments, with 1000+ CFDs spanning forex, stocks, commodities, indices, bonds and ETFs. For example, traders can earn V-points in the Vantage Rewards scheme which can be redeemed for cash, deposit rebate vouchers, lucky draws, profit boosters and more. When I used Vantage, I found that clients registering with the offshore entity can access several bonus deals and promotional offers.
How To Make A Forex Trade
Vantage also use the oneZero MT4 Bridge which is a price aggregator that connects their dark liquidity pools directly to clients MT4 platforms. The oneZero MT4 Bridge can handle a large number of market orders (up to 500,000 trades executed per millisecond) and is capable of processing 150 unique price feeds at speed. In simple terms, this all means that you get an industry leading trading environment that is capable of handling small and large volumes without compromise.
How long does it take to withdraw money from an account at Vantage?
As you can see on the homepage of Vantage Markets, there is high transparency. The broker is an actual ECN broker (see Liquidity Provider) and only earns https://limefx.biz/ on the spread and paid trades commissions. You must deposit at least $ 500 for the RAW ECN account and at least $ 20,000 for the PRO ECN account.
CFD and Forex Review
The guide is displayed in an easy to follow step by step process with images included. If you sign up to one of their preferred VPS partners and trade a minimum of 10 standard lots per round turn per month then you are eligible for the free VPS service. It is an invaluable tool that lets me run automated systems on multiple instances of the MT4 platform 24/7. If a VPS is beneficial to you, then Axi also have a free VPS service. The AutoTrade service is an online FX trade copying platform with thousands of traders all over the world. You can connect a Vantage account with AutoTrade to auto copy and trade with access to in-depth analysis and statistics.
- The Raw account and Pro ECN offer attractive pricing, especially for experienced investors looking for ultra-tight spreads with low commissions from $3 per side.
- This account type charges no swap fees in order to be fully compliant though the broker could charge an extra fee to make up the difference here.
- Nonetheless, the client area does include the TradingView-powered sentiment indicators which are very useful.
- Vantage FX offers both MT4 and MT5 trading platforms across all mediums.
- I also rate that this platform carefully checks its forex traders before allowing copy trades to be made.
Here, the processes involved are fully automated with no manual input, with orders being routed directly to a liquidity pool. Costs may be higher in the long run, but this will suit traders looking for zero commissions and competitive spreads. The Standard account is not quite as competitive, though typical spreads are still tighter than average and provide good value for forex traders.
On weekdays, support is available 24 hours a day at the regular market opening hours. You will have a wealth of choice when it comes to charting tools and indicators with more than 50 available, and the ability to engage robots and algo-trading through the EAs feature should you wish. These trading platforms will both run through Mac or Windows, and on almost any device. Vantage provides for a broad range of charting tools and indicators which are provided by the MT4 and MT5 platforms.
Although Vantage does not have the widest range of tradable assets, let’s take a few moments to look at what you can trade through the Vantage FX platform. The trading costs at Vantage depend on the type of account that you open with them. For the purposes of this Vantage review, we will focus on the standard account as this is likely to be the account that many of you will sign up with when creating a Vantage account.
In addition to the auto trading features in the MetaTrader 4 and MetaTrader 5 apps, Vantage also provides users of the platform with access to ZuluTrade and Myfxbook AutoTrade tools. These additional tools are a great way of adding some social and automated trading features to your trading account. The Myfxbook AutoTrade tool allows you to seamlessly integrate copy trading into your Vantage investment account by connecting you to a growing network of over 90,000 forex traders. Similarly, ZuluTrade integrates into your Vantage trading account and gives you instant access to a network of over 10,000 professional day traders. Social trading is a great way to learn from the top traders in the industry, so it’s great to see Vantage supporting it so well.
In addition, the broker constantly strives to expand the offer and implement new markets. You can contact the helpful support team in a variety of ways through website based live chat, phone, or email. The website also hosts a helpful and detailed FAQ section which may remove the need for you to contact the support team at all. This app can be linked to your MT4 account and provides for three different copy methods. The final account type on offer if you are interested in managing multiple accounts as an experienced trader or financial manager, is the Vantage MAM/PAMM account.