It is worth noting that swap fees apply to positions overnight. However, this is standard practice and Islamic accounts avoid this charge, though an admin fee is levied instead. As expected, wire transfers are processed within 1 – 2 business days for domestic transfers and 2 – 5 business days for international transfers. I have to consider whether I can put my trust in each broker I review. Thankfully, Vantage gets an easy seal of approval and a very high trust score from me.
The minimum deposit is pretty steep at $10,000 – more than other pro-level accounts I have reviewed. I’ve been particularly impressed with the wide range of up to 10 base currencies in the Standard and RAW accounts and the accessible $50 minimum deposit. This makes Vantage a good option for global traders and those with less starting capital. Considering the negatives, though, it is a shame that the broker’s global entity, Vantage Global Limited, is regulated offshore by the Vanuatu Financial Services Commission (VFSC).
It features a modernized interface with an impressive suite of technical tools. 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. MT4 and MT5 are hugely popular trading terminals that offer powerful charting tools and customizable layouts. Since both platforms are strikingly similar, I found it useful to compare them side by side in the categories below.
The platform’s social trading features allow you to build a following and earn commissions on copied trades. I found that there are five levels (Explorer to Legend), with better returns as you attract more 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. The MetaTrader platforms come with some of the most comprehensive libraries of technical indicators and drawing tools. Traders can also access several timeframe options and order types.
- I can deposit using bank wire transfers, credit/debit cards and e-wallets such as Skrill, Neteller and AstroPay.
- 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.
- Steven Hatzakis is the Global Director of Research for ForexBrokers.com.
- This company can be very interesting for beginners or advanced.
One of the worst brokers support they…
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. The broker offers you the options you need for professional trading. From our experience, there are no disadvantages except the language barrier in English using the support. Vantage Markets is a reputable and trustworthy broker with an extensive and favorable trade offer for international traders.
Ik trade sinds een paar kleine maanden…
Dear Frank,Thank you for taking the time to leave us with your feedback, we truly appreciate it. We are delighted to hear that you are enjoying our services and we will continue to provide you with a positive experience. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process.
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The website has been translated into German, Chinese, Indonesian, and more. The support is in English, and other languages are missing. Still, you can only expect some supported languages from an Australian broker. From our experience, support for Vantage Markets is lightning fast. The demo account is the best way to practice trading and improve investment results. There are enough drawing tools available for technical analysis.
It only took a few minutes to download and sign in and then you can chat with other traders and mirror strategies in a few clicks. For those who are looking to learn as they go, Vantage offers a dedicated Academy packed with market analysis articles, trading guides, platform tutorials and webinars. 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. I’m particularly impressed by the quality of research tools in the app. 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.
As you can see from my comparison of suitable alternatives below, Vantage rivals popular brokers when it comes to the breadth of markets. There are excellent diversification opportunities, especially the bond and ETF offerings, which aren’t available at many alternatives based on testing. Vantage offers a strong suite of trading instruments, with 1000+ CFDs spanning forex, stocks, commodities, indices, bonds and ETFs. Traders can access a free demo account at Vantage which gives you $100,000 in virtual funds to practice with. Again, Vantage doesn’t charge any internal fees for withdrawals, which is a positive if you make regular withdrawals. As for licensing, I’m glad to see that many clients limefx broker reviews will be registered under tier-one-regulated entities.
What is Vantage Markets? – The company presented
Choosing a broker that is licensed by a trustworthy regulator should be a top priority. Strong regulatory oversight helps protect you from scams and gives you access to robust safeguards like negative balance protection and jurisdictional restrictions on leverage. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. Vantage Markets is legitimate because of its multi-award-winning customer service, which you may contact by phone, email, or live chat.
You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time. In summary, Vantage Markets is among the best brokers out there. This company can be very interesting for beginners or advanced. In particular, the provider is recommended for traders who want transparent and secure trading.
The broker’s proprietary copy trading platform is ideal for copy traders looking for additional perks. I’m confident that both beginners and experienced traders will be catered to when it comes to charting and analysis tools. 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. While I rate the competitive ECN accounts, I think it’s a shame that some serious traders will miss out on the best trading conditions in the Pro ECN solution.
Im very happy with vantage its no other broker like this one . The only Problem what i had mostly when i wanted to chat with an agent there was one agent named Aymane who never really helped me with my issues. One time he told me that i have no acces to a bonus but in the end i got it .He didnt helkped me with my IB transfer .
The VFSC is not a highly respected authority and does not offer the same degree of protection limefx forex broker for retail traders in my view. Another advantage of the broker is that there are no fees on the withdrawal. However, there may be fees charged by your personal bank for an international wire transfer. In summary, the withdrawal process works smoothly with this broker and is also free of charge! This means there is no conflict of interest between the broker and the trader.
Experienced copy traders who deposit $2,000 can copy up to 12 strategies in the DupliTrade platform. During my testing, I was pleased to see a strong range of 12 chart types and 8 time frames, plus 100+ technical indicators and over 50 drawing tools. For an alternative trading experience, I think the ProTrader is a compelling option.