In addition to all the other account features available, Vantage has also got a number of other bonus features that make an account with it even more appealing. This includes a ‘refer a friend’ scheme, an active trade programme, a 50% deposit bonus, and a rebate scheme. 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.
It’s just a shame the Pro account has a steep $10,000 starting investment. It only took a few minutes to download and sign in and then you can chat with other traders and mirror strategies in a few clicks. The broker is available 24/7, which is a notable advantage compared to the 24/5 support offered by many competitors. Serious algo traders will appreciate the virtual private server (VPS) which is available with a $1,000 deposit.
- It equips traders with essential tools and configurations to analyze price action and spot trading opportunities.
- The broker does not charge handling fees for deposits or withdrawals, though third-party banking fees may apply.
- The individual needs to opt one of the different types of accounts and then log into their system by fulfilling an online registration application.
- Yes, Vantage offers a decent mobile app which offers access to account management features and trading tools whilst on the move.
Vantage offers varying leverage levels depending on local regulations – you can see the amount of leverage offered in Germany below. I think Vantage could improve its market coverage by introducing Asian share CFDs from exchanges like the Shanghai or Tokyo Stock Exchanges. My only minor complaint is that the selection of shares is lighter than some brokers like CMC Markets. Thankfully, Vantage gets an easy seal of approval and a very high trust score from me.
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. After rigorously exploring Vantage’s platform, I found the research tools to be fairly comprehensive. I also appreciate that strategy providers are more rigorously vetted, with certain performance requirements needing to be met before their positions can be mirrored.
Additional Tools
When it comes to topping up and withdrawing from your account, the options available are very much industry standard. Domestic fast transfers are also available for those who are located in Australia. Additionally, Vantage also supports a number of electronic transfer methods, including Neteller, Skrill and FasaPay. Generally speaking, Vantage will not apply any additional fees, though this may depend on your bank. A full list of fees is readily available and easily accessed via the homepage – simply click on the payment options icon at the bottom right-hand corner of the homepage. In our experience, both deposits and withdrawals to the platform are processed quickly with minimal delay.
Mobile Forex Trading
Vantage supports several trading platforms desVantagened to meet the preferences of different traders. Users can trade on the all-in-one Vantage App, MT4, MT5, ProTrader (powered by TradingView), Copy Trading, or the Demo Trading platform. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers.
Swap fees are charges on overnight positions, and information on rates is available on the website. Contracts for Difference (CFDs) are financial derivative instruments that allow traders to speculate on the price movements of an asset without owning the asset itself. Vantage also provides free Virtual Private Server (VPS) hosting for low-latency trading. 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.
- After the latter complained about it online, the broker allegedly offered to make the payment if he removed the said complaint – thus effectively holding his money hostage.
- The broker also provides 70+ futures contracts, ETFs, and bonds that are well-suited for longer-term trading.
- Overall, Vantage is an excellent choice for traders of all styles, including day, swing, position, crypto, copy, and algo traders.
- Vantage offers over 1000 tradable instruments across currency pairs, commodities, share CFDs, indices, cryptocurrencies, futures, ETFs, and bonds.
Pros
Vantage Markets is an excellent choice for both beginner and seasoned traders, offering features tailored to diverse needs. With a low $50 minimum deposit, no account maintenance fees, and access to over 1,000 tradable instruments, it appeals to those seeking affordability and variety. Advanced tools like MetaTrader 4 and 5, TradingView, and proprietary platforms cater to professional traders, while copy trading and educational resources support beginners.
Withdrawal Fee
However, this is standard practice and Islamic accounts avoid this charge, though an admin fee is levied instead. Considering the negatives, though, it is a shame that the broker’s global entity, Vantage Global Limited, is regulated offshore by the Vanuatu Financial Services Commission (VFSC). The VFSC is not a highly respected authority and does not offer the same degree of protection for retail traders in my view. As you can see from my comparison table below, Vantage stands up well against two of the most tightly regulated brokers in the industry, Pepperstone and AvaTrade. Once you’ve narrowed down your options, it’s time to dig into the tools and resources each brokerage offers.
Desktop Trading Apps
Please note that some products and multiplier levels may not be available to traders from EEA countries due to legal restrictions. That means no time is spent redirecting your approach if you are looking for information on tech issues, partnerships, or complaints. MT4 is the most popular trading platform in the world, perhaps the centrepiece of the Vantage offer. In addition to the Windows version, which can be downloaded for free from the Vantage official website, the platform is also available in the Mac version. The Vantage website shows a typical spread of 1.4 pips on EUR / USD on a Standard account. On Raw ECN accounts, the typical spread is 0.1 pips with a commission https://lunarcapital.net/ of $ 3 per way ($ 6 per full transaction).
As such, it is quite clear that Vantage takes its regulatory obligations seriously, making this broker one of the safest around. Currently, the National Australia Bank acts as its custodian bank and it is regulated by the Cayman Island Monetary Authority (CIMA). Additionally, it also has indemnity insurance, meaning that user accounts and deposits are afforded a very high level of protection. Vantage offers various bonuses and promotions throughout the year, such as deposit bonuses and referral programs.
Negative balance protection and segregated accounts ensure enhanced security. It offers access to over 1,000 tradable instruments, including currency pairs, commodities, share CFDs, indices, cryptocurrencies, ETFs, futures, and bonds. Its trading fees are generally lower than the industry average across most asset classes. The broker also provides advanced charting tools and features that support detailed price action analysis, making it suitable for a wide range of trading styles.
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. In my estimation, the Standard Vantage account offers more favorable conditions than other brokers’ standard accounts.
The research tools available to traders are also top-notch, providing real-time market analysis and insights. The broker charges no commission on standard accounts, while ECN and VIP accounts may incur commissions depending on the asset being traded. The fees are competitive compared to other brokers, making it easier for beginners to get started without incurring high costs. The broker’s accounts, compliant with the Sharia Law, feature spreads from 0.0 pips, a $50 minimum deposit requirement, and no deposit fees. The count of tradable instruments, including Forex, commodities, shares, and bonds, reaches over 1,000. Pepperstone delivers high-quality research through a mix of in-house analysis and third-party tools like Autochartist.
