Vantage offers a growing selection of educational resources for traders, bringing it closer towards the industry standard and aligned with brokers that make education a priority, such as IG or AvaTrade. Vantage offers its own proprietary trading app, alongside the standard MetaTrader and TradingView suite of mobile apps. Vantage has built a decent foundation for a new mobile trading application with its Vantage App. However, I am not a fan of the ads and, and it is still a long way off from competing with the best mobile apps in the industry.
Vantage has a range of deposit methods, making it pretty easy for most traders around the globe to fund their accounts. Charts By TradingView offers what we believe are some of the best charting options for retail traders. There is also the Vantage App, which is essentially a branded version of the MT5 mobile app.
Leverage
Clients can trade commodities including oil, gas, gold, silver, cocoa, sugar, wheat, etc. Vantage have a sentiment page that displays the percentage of buy and sell positions of clients. Sentiment analysis can be used alongside technical and fundamental analysis as part of a trader’s overall market analysis. Vantage display the sentiment of Forex, Commodities and Indices markets. An expert advisor (EA) is an automated trading system that runs on charts in the MT4 vantage fx review trading platform.
Its spreads consistently outperform the industry average, except for FX pairs on the Standard account, which remain in line with industry norms. Day traders can access actionable trading ideas from Autochartist and Trading Central, allowing a comprehensive and nuanced overview of currently developing trading opportunities. Moreover, Vantage’s flagship ProTrader platform features advanced charting capabilities for conducting advanced technical analysis. The broker’s flagship ProTrader platform, seamlessly integrated with TradingView, caters to both beginners and advanced traders. Additionally, it supports MetaTrader 4 and MetaTrader 5, as well as the Vantage app for trading on the go. The minimum deposit for the Vantage Standard STP account is $200 or a currency equivalent, while the Raw ECN alternative requires $500.
In my estimation, the Standard Vantage account offers more favorable conditions than other brokers’ standard accounts. Generally speaking, the lower the margin call and higher the stop-out, the lesser the risk of incurring a negative balance. Agents respond within seconds, even during non-business hours, though their knowledge levels could be improved. For more general queries, the broker offers a dedicated FAQ section on the website.
I like that I can follow multiple instruments at the same time with different strategy templates. VantageFX offers multiple deposit and withdrawal options, including bank transfers, credit/debit cards, and e-wallets. VantageFX offers Standard STP, Raw ECN, and Pro ECN accounts, each tailored to different trading needs with varying spreads and commissions.
What is the minimum deposit at VantageFX?
Whether you are a scalper, swing trader, or long-term trader, you can filter trade ideas by time frame, indicators, and candlestick patterns to find the best setups for your trading style. Vantage clients also get free access to some exclusive MT4 indicators from Trading Central. These indicators can be used as part of an existing trading strategy and to compliment the built in MT4 indicators.
Finally, let us compare Vantage FX Standard Account minimum spreads with those other major brokerages offer on several of the most actively traded Forex pairs. These include the ability to set stop losses, trailing stops, and take profits, in managing your open positions. You can also engage limit orders to effectively manage your market entry points, and the broker also has margin calls to ensure you equity never drops below a certain point without your awareness. This is equal to 0.01 standard lots or a cash value of $1,000 if you are not using any leverage. Here then are some of the retail minimum spreads charged on commonly traded assets with the broker. The account also offers a great level of flexibility in terms of pricing and how your sub accounts are managed.
Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).
What Platforms does Vantage offer?
The Raw ECN account is another top account choice and is that of many who want to have more market liquidity and also reduce trading costs. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. The offering perfectly blends market research developed in-house and content from Autochartist and Trading Central. The broker offers a variety of featured trading ideas and comprehensive market breakdowns.
- 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.
- A $3.0 commission for a 1 Lot trade on the Pro account is very competitive.
- There are a total of more than 40 forex currency pairs available for trading with Vantage.
- I like the trading environment at Vantage for its low trading costs, high leverage, fast order execution, and upgraded MT4/MT5 trading platforms.
- For traders outside of those particular countries, your account will be regulated by Vanuatu’s VFSC (Vanuatu Financial Services Commission).
- Beginner traders get a quality educational section, which provides a comprehensive introduction to trading.
Best Trading Brokers
- Low spreads will especially favor the scalping and day trading that want to cut down their trading expenses.
- A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates.
- The following bonuses are offered by Vantage, however they may not be available in certain world areas due to the strict local regulatory environment.
- Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
- Other methods which may be available are Bpay and POLi (in Australia only), broker to broker, Google Pay, Apple Pay and Fasapay.
Another positive point of this account type is that the number of sub-accounts you can control is unlimited. An Islamic trading account is offered by Vantage and is completely compliant with Shariah law. In fact, the service is also certified by Sheikh Hasan Qamra, the Chairman of the Shariah Supervisory Board.
Vantage is a member of The Financial Commission, which is an independent dispute resolution body. One particular downside with Vantage ProTrader is that it’s browser-based, which could be a problem if you have a slower computer. The other downside is that it’s just a charting platform at the moment, Vantage doesn’t offer trade order entry through it. The CompareForexBrokers team created a trading platform selector so you can work out what trading software best matches your trading needs. I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform.
You’ll have the ability to manage and customise each copied FX trade and learn from in-depth portfolio statistics. Vantage offer professional money managers fully customisable multi account manager solutions via a MAM console in partnership with MetaFX. The administrative side is handled in house so users can fully focus on the trade management aspect. There are a number of professional traders who use the platform which has been thoroughly tested to ensure its stability and flexibility. There is an inbuilt alert system to keep track of price movements and a built-in economic calendar to keep track of the latest financial news all within the platform.
What are the withdrawal fees at Vantage?
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. VPS hosting ensures your platform keeps running 24 hours a day so you set up EAs to take advantage of every opportunity that arises in the market. Vantage FX offers over 1,000 CFD products, including FX pairs, precious metals ( gold, silver, etc ), commodities, indices, futures, and share CFDs. Their range of available financial assets compares fairly to other big brokers, such as OANDA and Fusion Markets. Available to traders from selected countries, the Perpetual account of Vantage is suitable for crypto traders, as it offers a crypto trading model similar to the one adopted by crypto exchanges. This app can be linked to your MT4 account and provides for three different copy methods.