The broker displays live spread info on its website, which is easily accessible to visitors of the website. I also compared the numbers displayed to the broker’s live quotes on the platform and determined that they matched. All information on The Forex Geek website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed.
lowest spreads
We mark firms down when they impose a 30-day limit or similar on paper trading accounts. I also rate that this platform carefully checks its forex traders before allowing copy trades to be made. All traders are verified and their track record is assessed before being added to the site and low-performing accounts are not available for copy trading. This allows users to feel secure that they are mirroring knowledgeable and experienced traders. Importantly, both accounts have a low minimum deposit of $50, which will appeal to those on a budget. This is also cheaper than many forex brokers we have reviewed, including LimeFX, which requires $200.
CFD and Forex Review
On the downside, our team do highlight that the VFSC is not a well-regarded regulator and the FSCA is not on the same level as the ASIC or FCA. Ultimately, this means Australian and UK clients will get the best regulatory coverage. Information on upcoming holidays and market closures can also be viewed on the website via the news page. Additionally, the lower price point of $200 to join the program makes it more accessible.
What are the Vantage Pros and Cons?
To do so, upload a photo of proof of identity and proof of residence. The documents are usually confirmed within 24 hours (that’s how it was for me), and then all the functions of the trading account are available to you. Also, additional add-ons or indicators can be added to improve the charting. The MetaTrader will be installed with a wide range of standard indicators. On request, however, self-programmed tools can also be added to the software.
Vantage Markets support and service for traders
- Both MT4 and MT5 facilitate the four key types of order (market order, pending order, stop loss, and take profit).
- As well as providing analytical tools and complete control over copied trades, it can also act as an automated trading journal by tracking and analyzing your trading history.
- Like other reputable online brokers, Vantage Markets makes the majority of its income from spreads or commissions from the traders, depending on the account type.
- The strengths of Vantage Markets are transparent order execution and liquidity delivery.
- Muslim traders will appreciate that swap-free Islamic accounts are available which puts the forex broker on an even footing with rivals like AvaTrade.
To locate this pairing, simply search for the pairing in the search bar as shown in the image below. The broker is based in the Cayman Islands and regulated by the Cayman Islands Monetary Authority (CIMA). The broker is covered under the Securities Investment Business Law (SIBL) and is fully compliant with all the regulations laid down by local authorities. Apart from CIMA, Vantage is not licensed by any other regulatory body. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates.
Is Vantage A Regulated Forex Broker?
The website itself is well laid out, and a useful search bar allows you to pull up any information you might be searching for in an instant. 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. Vantage offers demo accounts that introduce traders to the broker’s services and allow them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment.
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. After having created an account with them for almost a year and working with the Metatrader 4 platform, I must be very satisfied. In recent months I have tried to make a withdrawal which was successful. Assistance 24 hours a day, clear and punctual, they can solve any of your problems or doubts.100% satisfied. Just maybe improve the leverage you provide for clients with smaller accounts. I got stopped out in a trade I was sure to win after a slight turbulence.
They have a partnership with Equinix which enables them to provide a diverse network of servers linked by fibre optics. Every fibre optic line that connects their services is carefully selected and tested to ensure minimal latency with up to 100 gb/s bandwidth. Servers are located worldwide in major financial hubs including New York and London, giving ECN market liquidity direct to your platforms for fast execution speeds. My tests have shown that trading fees at Vantage are fairly competitive but not the lowest I have seen. The STP account does offer zero commissions but wider spreads from 1 pip.
The account options suit different types of traders and have a low minimum deposit of just $50. Both MT4 and MT5 are well-regarded forex trading platforms that provide powerful tools including advanced technical indicators, customizable limefx scam charts and signals. Captial.com is one of the biggest online brokers available and is certainly very trusted. They managed to attract millions of users thanks to the simple interface and the dedicated support team.
Read our full explanation and accounting of our research and testing process to learn more about how we test. Use our country selector tool to view available brokers in your country.
ZuluTrade have a decent amount of traders to copy, but if you are looking for social trading then eToro would be my top pick. The Vantage App allows you to access the global markets and trade from anywhere at any time. It offers traders easy, yet powerful mobile access to hundreds of FX Pairs, Commodities, Indices, https://limefx.group/ Share CFDs and more. The Vantage App is available for both iOS and Android devices and is equipped with a suite of trading and investing tools. 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.
Compare Vantage with the top 3 similar brokers that accept traders from your location. Nonetheless, the client area does include the TradingView-powered sentiment indicators which are very useful. These visually display the overall sentiment ratio of long and short positions at Vantage. 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. To get started, simply choose from the list of Spotlight or Signals providers, decide how much you want to trade, and add any risk management parameters.
Beyond the secure regulatory environment that the broker provides, they also offer a couple of other key features aimed at keeping both you, and your money safe. In all, the fast execution speeds, low spreads, and minimal commissions make Vantage an excellent broker choice and one we can recommend if you are interested in scalping. If you are using the Raw ECN, or Pro ECN account, then your minimum spread will drop to a starting point of 0 pips depending on the assets you trade, but a commission will be added.