I was worried about the safety of my account, but John Patrick was incredibly supportive and resolved all my concerns efficiently. He patiently addressed all my concerns and ensured I understood everything clearly. This also goes with a demo account for practice purposes where actual precautions can be avoided. Not applicable as so far so good with vantagefx , did not encountered any issue .
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.
Trade Across Diverse Markets
Compare the markets and instruments offered by Vantage and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Compare Vantage with the top 3 similar brokers that accept traders from your location. Below is my view on the tools that I think elevate the trading experience. Looking at the negatives, the user experience of the client dashboard isn’t as seamless as other brokers in my view.
CFD trading fees are built into spreads, with $0 commissions on certain products like gold and share CFDs. Help is available via live chat, email or telephone, with waiting times for responses scoring very well. To measure the quality and speed of customer service at Vantage, I tested the live chat feature by asking several trading-based questions at different times of the day.
Thanks to Forex virtual private servers (VPS) traders can avoid potential downtime due to internet access issues or power supply interruptions. Vantage provides traders with a handy video tutorial on how to sign up for Forex VPS directly from their MT4 account. To get free Forex VPS services, customers must meet several requirements, described in the table below. Vantage supports several trading platforms desVantagened to meet the preferences of different traders. Users can trade on the all-in-one Vantage App, MT4, MT5, ProTrader (powered by TradingView), Copy Trading, or the Demo Trading platform. I recently attempted to withdraw £500, but the funds were mistakenly sent to an account I had closed some time ago, which I can no longer access.
INDICES
- When trading soft commodities CFDs, traders will have to consider factors including weather conditions, global demand, and geopolitical events that impact their production.
- Vantage offers a user-friendly platform with transparent and reasonable pricing.
- Pepperstone and Vantage are industry-leading brokers, and I recommend traders test the trading environments in their respective demo accounts.
- Negative balance protection and segregated accounts ensure enhanced security.
Over 200 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. Vantage Markets offers access to over 1,000 tradable instruments, including CFDs on forex, commodities, indices, ETFs, and bonds.
Regardless of the account type traders choose, they can be sure of the competitiveness and complete pricing transparency. With a minimum trading size of just 0.01 lot per trade, 1,000+ assets to choose from, and a variety of base account currencies, Vantage offers excellent trading conditions. Vantage provides mobile trading apps for iOS and Android, enabling users to trade on the go.
- This broad selection allows traders to diversify their portfolios and explore global financial markets efficiently.
- As you can see from my comparison table below, Vantage stands up well against top competitors when it comes to available payment methods.
- It’s just a shame the Pro account has a steep $10,000 starting investment.
- Vantage has built a decent foundation for a new mobile trading application with its Vantage App.
- As for licensing, I’m glad to see that many clients will be registered under tier-one-regulated entities.
Does Vantage Offer A Good Mobile App?
Inactivity fees are an encouragement for traders to keep trading active and take good care of their accounts. Vantage has never let me down since i started using their services, good spead, no manipulation, easy withdrawals and tight security on platform usage. The web platform is accessible directly through browsers, eliminating the need for downloads. It offers fast, intuitive access to all trading features, ideal for those seeking simplicity and efficiency. Overnight fees apply to positions held beyond the market close, based on instruments and market conditions.
Should You Trade With Vantage?
Leverage on the volatility of the largest stock market indices in the world like SP500, DAX, NAS100, and DJ30. These trackers help us to deliver personalized ads or marketing content to you, and to measure their performance. The individual needs to opt one of the different types of accounts and then log into their system by fulfilling an online registration application. Straightforward browser-trading allows investors to carry on trading using the platform, which also still provides all the tools one should use. Trade global indices namely S&P 500, NASDAQ, FTSE 100, and Nikkei 225 and get exposure to emerging well-established markets in the world. They’re already doing well, but there’s still room for improvement in customer care, particularly when it comes to responding to traders’ queries.
Once a trading day comes to a close, traders have the choice to either close their positions or keep them open, which leads to accruing interest. Depending on the Forex instrument and the direction of the trade, brokers either pay or charge this swap rate to traders’ accounts. When purchasing a currency with a higher interest rate than the Worldtradex official site one being sold, a credit will be applied to the account through a swap. Conversely, if the interest rate of the currency purchased is lower, a swap will result in a charge to the account. Below, you can check out the trading costs for several popular currency pairs with the Standard STP account of Vantage, which uses a 0-commission pricing model. Please, note that the costs per micro and standard lot are for a single side of the trade.
I was also able to execute time limits on my orders, including good ‘til canceled (GTC), good ‘til end of day (GTD) and good ‘til time (GTT). 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. Vantage offers varying leverage levels depending on local regulations – you can see the amount of leverage offered in Ukraine below. 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 will be registered under tier-one-regulated entities. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com.
Overall, I rank Pepperstone and Vantage as equally secure and trustworthy. Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice. Please consider contacting a professional advisor if you require any financial assistance.
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. My assessment found that fees at Vantage are competitive, especially in the higher account tiers. The best part is that you only need $50 to access raw spreads in the ECN account, but there are commissions to be aware of. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).