Vantage Review 2024 Pros, Cons & Key Findings

I received helpful and friendly responses to my queries within 1 minute each time. During my testing, I was pleased that I could view complete historical data of all available strategy providers, which helped give me peace of mind when choosing who to follow. Looking at the negatives, the user experience of the client dashboard isn’t as seamless as other brokers in my view. However, this is standard practice and Islamic accounts avoid this charge, though an admin fee is levied instead.

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Yes, Vantage offers a decent mobile app which offers access to account management features and trading tools whilst on the move. The application allows you to place trades, follow market news and create watchlists, but I learned that it isn’t the best for serious charting and technical analysis. Vantage offers 55+ currency pairs – above the industry average, so experienced traders can explore plenty of opportunities. Vantage’s deep liquidity pool provides forex spreads from 0.0 pips in the ECN account, lower than many alternatives. Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to over 900,000 clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5.

Does Vantage Offer Low Fees?

  1. This ultimately means aspiring investors will always have access to a risk-free environment to test trading systems.
  2. These are instructions to your brokerage for when to open and close orders.
  3. The firm also uses important safety measures including segregated client accounts.
  4. Vantage has built a decent foundation for a new mobile trading application with its Vantage App.

This isn’t really a major drawback for me as I prefer the wide-screen functionality that you get on the desktop and web platforms. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. My tests have shown that trading fees at Vantage are fairly competitive but not the lowest I have seen.

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The VFSC is not a highly respected authority and does not offer the same degree of protection for retail traders in my view. 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.

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To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 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. 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 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.

Should You Trade With Vantage?

Vantage offers its own proprietary trading app, alongside the standard MetaTrader 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 it is limefx forex brokers reviews still a long way off from competing with the best mobile apps in the industry. As with many other mobile apps I’ve tested, you cannot run any detailed technical analysis in the Vantage app since it doesn’t offer any indicators or drawing tools.

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. We offer impartial reviews of online brokers that are hand-written, edited and https://limefx.name/ fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. I recommend the Raw ECN or Pro ECN accounts, as these offer ultra-tight spreads. The availability of the MetaTrader platforms and VPS also means that active day traders using automated systems are catered for.

Changing to horizontal mode offers an optimal charting view, though frustratingly it can take a few seconds for the app to respond. Fortunately, this minor drawback is outweighed by the ease of overlaying indicators and drawing tools, plus the integrated economic calendar, newsfeed, market analysis, and even FX TV. Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly. I have been particularly impressed with the comprehensive range of third-party social trading platforms, including Myfxbook and ZuluTrade.

Vantage is trustworthy based on my thorough background checking and research. The broker’s global user base, strong regulatory oversight and collection of industry awards are reassuring. The firm also uses important safety measures including segregated client accounts. The platform’s social trading features allow you to build a following and earn commissions on copied trades.

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. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.

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