The copy trading options are also well thought out, with several compatible external solutions such as ZuluTrade and DupliTrade. This is perfect for those who want to diversify or delegate part of their strategy. The platform is clearly designed for active traders, but remains accessible with a little practice. As a trader, I’ve found the Vantage platform very comprehensive, especially for those who like to customise their trading environment.
Vantage FX offers swap-free trading on both the Worldtradex website Standard STP and Raw ECN accounts. Both Swap-Free Standard STP and Swap-Free RAW ECN accounts are designed for traders who are unable to receive or pay swaps due to religious beliefs. While this account type does not incur any swaps or interest charges on overnight positions, the account holder is charged an administration fee on trading positions.
- Furthermore, by adhering to these regulations, brokers can build trust with their clients and establish themselves as reputable and trustworthy entities in the market.
- In total you will find 51 charting indicators to choose from as well as 31 drawing tools, the ability to set price alerts, and order in one click directly from charts.
- It is essential for brokers like Vantage to comply with all regulatory requirements and adhere to the laws of the countries where they operate.
- Vantage’s mission is to empower traders to make informed decisions and capitalize on market opportunities.
Instruments and Spreads
These licenses demonstrate the broker’s commitment to operating under strict compliance standards, ensuring that it meets the expectations of traders and regulatory bodies alike. With Vantage FX, you will enjoy the benefit of super-fast trade execution and interbank grade RAW ECN spreads with no dealing desk intervention. The broker offers institutional trading conditions to retail traders, operating a true ECN/STP model of execution that offers transparency and helps to build trust.
Trading fees and other costs
Vantage’s market research is well-calibrated for traders with different backgrounds – from inexperienced newbies to seasoned professionals. The offering comprises a variety of featured trading ideas, comprehensive market breakdowns, intuitive market sentiment gauges, and more. The content from Trading Central and Autochartist provides traders with a layered overview of market developments from multiple angles.
ProTrader Trading Platform
- You can find out the exact fee through your trading platform since it varies depending on the market.
- Overall, Pepperstone trading fees are lower for portfolios below $10,000, while Vantage has lower trading fees for portfolios above $10,000.
- The Refer a Friend promotion is a way for existing clients to earn bonuses by referring their friends to Vantage.
- Regrettably, Vantage appears to not offer Trading Central services as the popular MT4/MT5 plugin but opted for the e-mail service.
However, MT4 and MT5 web traders are not the only browser-based trading options. In addition to ECN execution, the Pro account has a range of 0 points and a commission of $ 2 per lot on each side. Swap-free accounts are also available for traders who prefer to avoid overnight fees. For beginners, the user-friendly interface and the availability of various indicators make these platforms ideal for getting started.
Vantage does not accept as clients residents of certain jurisdictions such as Canada, China, Romania, Singapore, the United States, and jurisdictions on the FATF and EU/UN sanctions lists. The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) in EUR/USD with a pip value of $10 for each account. If you have traded with Vantage we would really like to know about your experience – please submit your own review. 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. What you can do, though, is easily view live chart data alongside corresponding analysis and events all on the same page, which I thought was highly intuitive.
Vantage also provides for a selection of trading ideas and a market analysis within this section. Moving to the trading platforms available, here is everything you can expect in this regard when it comes to trading at Vantage. A common live account choice for many traders at Vantage and another great starting point for newer traders is the Vantage Standard STP Account. Finally, ICF insurance is available to UK based traders that can provide for compensation of up to £85,000 if anything does go wrong and your money is affected. 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. In all, the fast execution speeds, low spreads, and minimal commissions make Vantage an excellent broker choice and one we can recommend if you are interested in scalping.
The implementation of SSL encryption technology ensures that all client data and transactions are protected against unauthorized access and cyber threats. Ensuring the safety and security of client funds and personal information is a cornerstone of Vantage’s operations. The broker has focused on building a trustworthy reputation through stringent regulatory compliance and advanced security protocols. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. Based on our assessment – the ECN account is the best option if you are an active forex trader looking for the lowest fees.
These features enable traders to analyze market developments from multiple perspectives and capitalize on trading opportunities in various ways. Vantage shines in the Fees category, offering commission-free trading and low spreads on its Standard account. Furthermore, the broker does not charge an inactivity fee or a handling fee for deposits and withdrawals. Algo traders can use Expert Advisors (EAs) to automate their systems on all available trading platforms. Additionally, traders can use MT4 and MT5’s built-in strategy testers to hone the parameters of their strategies. Last but not least, Vantage offers free VPS hosting for low-latency trading and stable internet connectivity.
After several weeks of extensive testing, Vantage left me with a very positive impression, particularly regarding the quality of execution, the clarity of fees, and the diversity of tools available. I was able to trade over 1,000 instruments via CFDs, spread across currencies, international stocks, ETFs, indices, commodities, and cryptocurrencies. It’s a comprehensive broker for those looking to actively diversify their portfolio.
Vantage Trading Instruments
These bodies are known for their strict approach to regulating and controlling financial institutions’ activities. While Vantage may act as a market maker, like all Australian brokers, it deploys STP/ECN models across the board. We booked test trades in AUDCHF and AUDJPY and set the screen display to different background settings. Trading conditions always come first as far as value is concerned, and Vantage have quite a solid thing going in this regard. Opening an account is supposedly easy as well though that probably only goes for Demo accounts, since for real money ones, there are quite a few questions asked and documents required.
However, among all the markets Vantage trading accounts are best for are forex and CFD underlying assets. By utilizing MT4’s Expert Advisors (EAs) for automated trading, Vantage clients can backtest strategies and customize the platform to suit their individual preferences. Available on desktop, mobile, and tablet devices, Vantage’s version of MT4 is an excellent choice for traders of all experience levels, especially beginners. Chief among broker characteristics mentioned is that Vantage stands as one of the best MetaTrader and copy trading (social trading) brokers in forex trading for 2024.
Forex Charting and tools
It features a modernized interface with an impressive suite of technical tools. 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.
Traders can use it to achieve stable internet connectivity and ultra-fast order execution speeds averaging 5 milliseconds. The MetaTrader app stands out for its convenience, making it an essential tool for adjusting trades, especially during periods of heightened volatility. However, I consider it cumbersome and not the best choice for analyzing price action. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades.
Whether you are a novice, or a professional trader, all clients can now benefit from receiving daily market analysis as it happens. Vantage has teamed up with MyFxBook AutoTrade to bring forex traders one of the most popular FX copy trade services available. AutoTrade is an account mirroring service where you can copy trades from top successful FOREX trading systems. Vantage additionally provides their clients with a variety of useful trading tools. Some of the tools made available by Vantage include trading signals, market news, trade analysis and much more.
I find the Vantage app to be more user-friendly than the MetaTrader options, but this will ultimately come down to trader preference. The company now has over 1000 employees in over 30 offices and it serves traders from 172 countries. We tested the live chat three times and found it quick and easy to use with responses in less than one minute once connected with an agent. Before then, a queue counter lets you know roughly how long to expect to wait, and we did not experience waiting times of more than a few minutes in any of our tests. If the trading criteria are met Vantage offers access to TradingView Pro, Pro+ and Premium and will refund your monthly membership costs. It also doesn’t have the hefty deposit of DupliTrade, making it better for traders on a budget.