VantageFX Review 2024 Comprehensive Broker Analysis
In addition to the MetaTrader 4 and MetaTrader 5 platforms, which have basically become industry standard by now, Vantage also gives you access to a proprietary Vantage App and a WebTrader app. It should also be noted that both the MetaTrader 4 and MetaTrader 5 platforms come with mobile versions of the desktop app, which allows you to monitor your trading account and to execute trades on the go. Additionally, social trading features are available through ZuluTrade and Myfxbook, which can be integrated with your Vantage account. In addition to the auto trading features in the MetaTrader 4 and MetaTrader 5 apps, Vantage also provides users of the platform with access to ZuluTrade and Myfxbook AutoTrade tools. These additional tools are a great way of adding some social and automated trading features to your trading account.
- Currently, Vantage FX offers 50 share CFDs from the US stock exchanges, over 70 share CFDs from the UK and European markets, and 50 share CFDs from the Australian market.
- At Vantage, we fully understand the importance of keeping FX trading costs to a minimum so you can maximize your total Forex trading profit.
- The account is only available to residents of South Africa, and the minimum deposit is $50 USD.
- That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand.
Up to £1 million of your funds protected
If you’re just starting out, or you only going to take the occasional trade, the standard account is probably right for you. If you’re located in Australia or the UK, it’s a no-brainer to take advantage of the low commissions on the raw ECN account. With one simple MetaTrader 4 login, you will be able to access your MT4 trading account anywhere, anytime. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
Key Pros and Cons
The advantage of this account is the higher leverage you can trade with but you will need to prove you meet the eligibility requirements set by the FCA. The account is only available to residents of South Africa, and the minimum deposit is $50 USD. With our RAW ECN account, traders can experience some of the lowest trading costs in the industry.
Account Types
The ‘refer a friend’ scheme is potentially lucrative and gives you the opportunity to earn a $150 bonus for every successful referral – this also gives them a $100 sign-up bonus. The active trader promotion offers users who open a Standard STP account funded by at least $10,000 the opportunity to earn bonuses based on their account activity. The welcome bonus provides a bonus of 50% on deposits of up to $500 for users signing up to the Vantage account. Vantage clearly takes customer satisfaction and loyalty very seriously, as these bonus schemes are among the best we have come across.
It was very simple to bring up price quotes for products like the 10-year German government bond. When it comes to the range of trading instruments available with Vantage, there are plenty, but not as many as companies like Pepperstone or IC Markets. If you have multiple accounts, you can switch between them in seconds with MT5. Placing orders in MT5 is https://limefx.club/ very simple, select your order type and trading parameters, then click the blue or red buy and sell buttons. As you can see, MT5 has a very clean and intuitive interface, which is great for keeping trading stress levels to a minimum. These allow you to either copy another person’s trades or publish your trades and allow others to ride along with you.
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Also, professional accounts usually lack protections like negative balance protection, which are mainly offered to retail traders. Additionally, Vantage FX’s traders can trade with the mobile versions of the MT4 and MT5 trading platforms. This brings a whole new level of convenience to the entire trading process as traders can access their trading accounts and place trades on the go, as long as they are connected to the internet. The app requires Android 5.0 or later, while the iOS app requires iOS 9.0 or later. Vantage provides one standard account type, featuring floating spreads starting at 1.0 pips, and two ECN account types that offer raw spreads with fixed commissions.
Beyond the tight spreads and commission, VantageFX is a relatively generic broker offering MT4 and MT5 with a good range of CFD trading products. This is a more advanced trading platform introduced by MetaQuotes in 2010 to take your forex trading to the next level. In addition to offering all of the features of MT4, the MetaTrader 5 trading platform comes with more advanced capabilities, such as 21 timeframes and nine chart types. Furthermore, the platform’s addition of a two-position accounting system — netting and hedging — allows traders to maintain complete risk management control of their accounts in their way. One of the areas where Vantage really excels is in the various trading platforms it makes available to you.
The Vantage platform also has trading tools, such as the sentiment indicators which are graphics showing whether Vantage clients tend to be long or short in a particular market. All in all, Vantage has a solid product offering, not as much as some other major brokers, but it should be enough for most traders. We were also happy to see that trading commodities were easily accessible with Vantage. There are options to trade products such as cotton, cocoa, sugar, orange juice, wheat, and even soybeans. Charts By TradingView offers what we believe are some of the best charting options for retail traders. There are also e-wallet providers such as Neteller or Skrill, which can help you to segregate your trading funds from your personal bank account.
They partner with Equinix, enabling them to provide a diverse network of servers linked by fiber optics. Every fiber optic line that connects their services is carefully selected and tested to ensure minimal limefx scammers 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 to client platforms for fast execution speeds.
From the above, we can see a mark-up spread of about 1.1 pips to the average spread on Vantage FX’s Standard Account to cover the costs of trading the EUR/USD pair. While the account creation is swift (can be completed within 5 minutes), it may take up to 24 hours to get your trading account verified. Upon verifying your account, you will have to fund your account using any of the available payment methods before you can start trading.
Their trading activity creates volatility, which FX traders are able to exploit to their advantage and consistently profit using their edge. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Vantage rounds out its MetaTrader platform suite offering with support for multiple social trading platforms, content powered by Trading Central and a proprietary mobile app. However, Vantage trails industry leaders in key areas such as research and education.