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Vantage pros & cons
These would make the resources more engaging, especially for beginners. After rigorously exploring Vantage’s platform, I found the research tools to be fairly comprehensive. After signing in to the ProTrader platform, the sleek interface is instantly recognizable for me as the platform is powered by the market-leading TradingView. For example, it would have been more convenient if I had direct access to the web platform after logging in, rather than having to navigate through several pages first. For newcomers, the design may feel a little dated compared to some alternatives, but in my experience, the look and feel of the platform is easy to get used to.
Fees & Costs
After entering your personal data, the email address must be confirmed. In addition, the broker asks you to verify the account with appropriate documents before the first deposit. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
Another thing that stands out for me is the level of customizability that I get with the MetaTrader suite. Both platforms feature flexible charts and market watch windows which can be re-sized to my preferences. I can also have multiple charts open simultaneously, which is ideal for active traders. I was pleased to find no deposit or withdrawal charges, keeping costs down.
Experienced traders will also appreciate the free forex VPS, as well as various advanced plugins for the MetaTrader and ProTrader platforms. Whilst you clearly won’t get the same experience as the desktop platform, you will get an abundance of real-time data and forex market research straight from the palm of your hand. I was able to access convenient account management features, as well as trade monitoring. As for accessibility, I’m pleased to see that Vantage offers both the web and desktop versions of the platforms. It’s easy to access all options from the client dashboard under the ‘Downloads’ tab.
Excellent customer support
These include forex (currencies), indices (Dax, SP500, limefx reviews etc.), commodities, precious metals, energies, and cryptocurrencies. The selection here is huge, and every trader should find their matching asset to trade. In addition, the broker constantly strives to expand the offer and implement new markets.
Today, the selection of online brokers is extensive, and finding a trusted trading partner isn’t easy. Vantage Markets is a well-known company from Australia, which also serves international customers, but is Vantage Markets a good forex broker or not? – In this review, you can read about my personal experiences with the leveraged derivatives online broker. Find out about the conditions for traders and find out if investing your money there is worthwhile. Vantage Markets (or Vantage) is an award-winning multi-asset broker offering clients access to trade CFDs on Forex, Commodities, Indices, Shares, ETFs, and Bonds.
Mobile trading is indispensable today and is required by many traders. For example, react to the go-to exciting market news or simply control your portfolio. Positions can be opened and closed in a few seconds via smartphone.
- I also like that all accounts are compatible with the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as the broker’s full range of assets.
- The broker’s proprietary copy trading platform is ideal for copy traders looking for additional perks.
- It also offers its own proprietary Vantage app, which – despite the added distraction of in-app ads – shows real promise as a trading platform.
- Vantage is trustworthy based on my thorough background checking and research.
- My only minor complaint is that the selection of shares is lighter than some brokers like CMC Markets.
Like other reputable online brokers, Vantage Markets makes the majority of its income from spreads or commissions from the traders, depending on the account type. 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. In this Vantage review, I share the key findings from my comprehensive assessment of the broker.
With careful money management, a responsibility to make further payments can hardly happen. limefx The not available negative balance protection only shows that Vantage Markets is a real ECN broker. I am loving Vantage Markets.My experience in trading has been awesome the few weeks I have traded here.The welcome bonus on first deposit is a huge boost real deal. Love it.One thing I would like improved is response period when chatting support. The time I needed help, it a bit more time, like 2 to 3 hours before I was attended to.Otherwise, I have no issue.
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 it is still a long way off from competing with the best mobile apps in the industry. The competitive pricing in the ECN accounts, additional tools and the rebate scheme also make Vantage a good option for more experienced, high-volume traders. In addition, the VPS and access to the MetaTrader software will serve algo traders.
Vantage also has an entity that holds regulatory status with the Cayman Islands Monetary Authority (CIMA), and by the Vanuatu Financial Services Commission (VFSC) in Vanuatu. While the broker’s research and educational offerings continue to expand, Vantage has a ways to go if it wants to compete with the best brokers in those categories. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Yes, based on your detected country of BG, you can open an account with this broker. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. This average customer rating is based on 3 Vantage customer reviews submitted by our visitors. I think Vantage could improve its education by introducing more interactive learning materials such as courses with quizzes or progress trackers.
DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. I use Vantage for day trading forex and have no complaints. Spreads are super tight, execution is fast and reliable, platform is great.
