Vantage Review A Legit Broker? How Is It Regulated?
Similarly, ProTrader users can also access a range of tools for just a $200 minimum deposit, making this a more accessible option for newer traders looking to upgrade their package. My favorites are the Market Buzz AI news tool and the Analyst Views feed with live trade set-ups. 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. Our team has already advocated on behalf of several victims in cases involving brokers of this kind.
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The different account types for traders
Our organization provides a comprehensive array of services including mediation, conciliation, ombudsman proceedings, and arbitration. These services are specifically designed to facilitate equitable resolutions for traders who seek recourse against registered brokers. Like many other brokers, Vantage Markets offers MetaTrader 4 and 5 as trading platforms. The MetaTrader has already been tested many times and is Lunar Capital reviews highly developed. Our tests and experiences confirm this because we like to use the MetaTrader ourselves.
The MAM/PAMM account options offered by the broker are obviously aimed at those looking for high-performance trading solutions. Multiple accounts can be managed through this option – very useful for experts trading for several clients. Also, on the Vantage website, there is a section for clients on the education of future traders. Vantage is a highly-rated forex broker with a good variety of assets, useful tools and low fees. However, there is no guarantee of making money when trading forex online regardless of the broker you trade with.
Advanced Trading Platforms
One feature we found particularly beneficial was the monitor in the sidebar, which kept track of our progress and gave a suggested amount of time until completion. In addition to all the above, both MT4 and MT5 are available in Web Trader versions, for those who cannot or do not want to download anything to their local machines. The web trader versions are surprisingly capable and customizable as well. One such incident saw it deny payment to one of its IBs (Introducing Brokers). After the said affiliate posted a complaint about the operator at one of the review portals, Vantage allegedly offered to pay him only if he first removed the said complaint. Whether or not such stories are true, is quite impossible to verify at this point.
- One highlight is the PRO Trader Tools, accessible to clients with accounts funded with a minimum of USD $200.
- On Raw ECN accounts, the typical spread is 0.1 pips with a commission of $ 3 per way ($ 6 per full transaction).
- This gives traders the added flexibility to choose their own VPS provider.
- Captial.com is one of the biggest online brokers available and is certainly very trusted.
Spreads are super tight, execution is fast and reliable, platform is great. Compare Vantage with the top 3 similar brokers that accept traders from your location. 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 an alternative trading experience, I think the ProTrader is a compelling option.
Account Opening
It is possible to set up additional accounts, which is useful considering Vantage offers traders the choice of STP or ECN processing. Both have their pros and cons and suit different types of trading, so there is flexibility if you want to try a new strategy. Vantage offers a free demo account, with $100K in virtual funds and no financial risk. Prospective traders can also sign up for this account to find out if the broker suits their style before committing real funds. This is another great copy trading platform that offers users access to more than 90,000 forex traders to mirror. Both MT4 and MT5 are well-regarded forex trading platforms that provide powerful tools including advanced technical indicators, customizable charts and signals.
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.
In addition to ECN execution, the Pro account features spreads from 0 pips and $2 commission charged per lot per side. ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers. Before making any trading related decision, contact a local professional financial advisor. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process.
Open your free account with Vantage Markets
- Liquidity brokerage partners are some truly high-profile legal entities in their own right, such as Citibank, JP Morgan and HSBC.
- In addition to the detailed account types listed above, the broker also offers Islamic account versions, as well as a demo account for those who want to test the platform (s).
- Vantage customer support can be contacted via Live Chat, phone, email, Messenger, Twitter, Telegram and Instagram.
The ProTrader platform links up with the highly regarded TradingView platform. The account number needed to access this dashboard is emailed to new users who, once logged in, can take advantage of a range of powerful software tools and indicators. The final platform option is the Vantage app, which combines user-friendly functionality with access to hundreds of forex pairs, commodities, indices, and stock CFDs. The MyFxBook AutoTrade feature further enhances social trading opportunities. This allows users to copy trades of more successful and profitable traders.
Pros and Cons
Roboforex is registered in Belize, and regulated by the CySEC, FCA, ASIC, and FSA. According to their website, more than 900,000 customers are registered on their https://lunarcapital.vip/ site. Don’t forget to read our full review on Roboforex before you test it out. Stock market trading is risky, and an obligation to make additional payments cannot be suspended with a genuine ECN broker. If the market opens elsewhere and there is no liquidity to close or open your order, you will be given the next best price. In the worst case, this can lead to an additional funding obligation.
Standard accounts have no direct trading fees, with costs integrated into spreads. RAW ECN accounts include commissions starting at $3 per lot per side. In the meantime, we tested the trading experience using the free-to-use Demo account. This has all the same functionality as the Live account, including real-time price feeds, so we were able to establish how trading works using virtual funds. One of the standout features of an account set up with Vantage is the wide choice of base currency options available.
Our organization takes great satisfaction in serving as a symbol of optimism for those who find themselves entangled in the intricate realm of Internet trading and investing. The website has been translated into German, Chinese, Indonesian, and more. Still, you can only expect some supported languages from an Australian broker. From our experience, support for Vantage Markets is lightning fast. It is also worth mentioning Vantage Markets has some of the lowest fees on the market, and if this is an essential aspect for you, then this broker is one of the best options worldwide.
How To Make A Deposit
ZuluTrade, another solution provider Vantage has teamed up with, is at the peak of its social trading experience. Options offered by the broker, MAM / PAMM accounts, are obviously intended for those who are looking for high-performance trading solutions. With this option, you can manage multiple accounts, which is very useful for experts trading for multiple clients.
Unlike most other regulated brokerages, Vantage offers a cash bonus, as well as access to real ECN execution. With spreads starting from 0 pips, its trading conditions are nothing to sneeze at either. Vantage’s forex trading fees are fairly low, but not the best in the industry. Clients can choose between an STP account with zero commissions and floating spreads from 1 pip or an ECN account with low spreads from 0.0 pips and a $3 commission per lot per side. However, we do note that negative balance protection is not automatically applied by the broker’s offshore entity. This adds an element of risk to traders who register with this branch.
Investors interested in equity markets can trade share CFDs and ETFs, offering exposure to a wide array of sectors and regions. Vantage Markets prioritizes trust and security through robust regulatory oversight and client fund protection. Regulated by respected authorities such as ASIC, FCA, FSCA, and VFSC, it adheres to stringent compliance standards. To prevent fraud, the broker integrates top-tier platforms like MetaTrader 4 and 5 alongside proprietary tools, ensuring secure and efficient trading. Additionally, the availability of social trading platforms such as MyFXBook (AutoTrade), and DupliTrade empowers traders to mirror proven strategies safely.