Vantage: A Regulated Forex Trading Brokers Review 2024

There is also an excellent selection of copy trading platforms, though past performance is no guarantee of future performance. Importantly, I was very pleased to see that there is no time limit on the demo mode, which is good compared to most online brokers who automatically close paper trading accounts after 30 or 60 days. This ultimately means aspiring investors will always have access to a risk-free environment to test trading systems. Vantage continues to offer commission-free trading on global markets with tax-free profits for traders from the UK and Ireland. Helpfully, you get access to all the same platforms for spread bets, as well as commission-free trading.

1. 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.
2. Thankfully, Vantage gets an easy seal of approval and a very high trust score from me.
3. Based on my first-hand LimeFx review, the firm is an excellent choice for traders looking for low fees, best-in-class tools and a range of global markets.
4. The ECN account is a good option for active traders looking for zero-pip spreads and low $3 commissions.
5. I recommend the Raw ECN or Pro ECN accounts, as these offer ultra-tight spreads.

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. 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.

Finding the right broker for you is not easy, but hopefully you now know if Vantage is the best choice for you. If you are still unsure, you can use our forex broker comparison to get a quick overview. If you have traded with Vantage we would really like to know about your experience – please submit your own review. I think Vantage could improve its education by introducing more interactive learning materials such as courses with quizzes or progress trackers. These would make the resources more engaging, especially for beginners.

This makes Vantage a good option for global traders and those with less starting capital. The Standard STP account is my pick for beginners – commission-free trading is available with floating spreads from 1.0 pip. There https://limefx.club/ is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.

Software & trading platform of Vantage

Please note, some markets may only be available via CFDs or other derivatives. I also appreciate that strategy providers are more rigorously vetted, with certain performance requirements needing to be met before their positions can be mirrored. 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. ZuluTrade is a good copy trading platform for beginners since it only requires $200. The tool allows you to follow other strategies in a user-friendly dashboard.

Short, medium and long-term trading strategies are catered for, as well as algo traders through Expert Advisors (EAs). There is also an excellent range of indices and ETFs for those who want to diversify portfolios. We use dedicated people and clever technology to safeguard our platform.

I now can’t withdraw my remaining balance from PAMM account and Vantage don’t fix it. The funds that traders deposit into their trading accounts at Vantage are safe and secure. This is because of the preparations that the broker has made to ensure that the funds of limefx broker reviews traders are protected. These arrangements include the holding of clients’ funds in accounts that are separated from the broker’s own funds. Then, the fees and commissions that traders are charged for executing trades and other related activities are negligible.

To measure the quality and speed of customer service at Vantage, I tested the live chat feature by asking several trading-based questions at different times of the day. I received helpful and friendly responses to my queries within 1 minute each time. 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. 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.

Should You Trade With Vantage?

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. The best part for me is that both MT4 and MT5 follow the same design, which means there is virtually no learning curve for those who switch from one platform to the other. 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. I think Vantage could improve its market coverage by introducing Asian share CFDs from exchanges like the Shanghai or Tokyo Stock Exchanges.

VANTAGE is an exceptional broker with…

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. I also like that clicking on each chart opens it up in full-screen landscape mode, so you can pinch and zoom for a greater level of detail. I was also able to execute time limits on my orders, including good ‘til canceled (GTC), good ‘til end of day (GTD) and good ‘til time (GTT). I want to stress that while high leverage can boost potential profits, it can also cause significant losses. I strongly recommend employing risk management tools such as stop-loss orders. There are excellent diversification opportunities, especially the bond and ETF offerings, which aren’t available at many alternatives based on testing.

It features a modernized interface with an impressive suite of technical tools. 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. MT4 and MT5 are hugely popular trading terminals that offer powerful charting tools and customizable layouts. Since both platforms are strikingly similar, I found it useful to compare them side by side in the categories below.

» Conto RAW ECN

The range of available markets at Vantage will depend on which entity regulates your account. The following table summarizes the different investment products available to Vantage clients. The broker is regulated by at least two key tier-1 authorities such as FCA, ASIC, VFSC, and CIMA, who place a lot of emphasis on the insurance of clients’ funds. Then, its banks with top, AAA-rated banks including National Australia Bank (NAB) and Commonwealth Bank of Australia (CBA). Spreads are super tight, execution is fast and reliable, platform is great.