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. Vantage does not offer a comprehensive range of educational resources for traders, putting it at a disadvantage against brokers that make education a priority, such as CMC Markets or City Index. Vantage’s research is sourced primarily from third-party content providers such as Trading Central, and it lacks substantial in-house content. Considering the quality and depth of research that is made available by the best forex brokers such as IG, Saxo, and CMC Markets, there remains considerable room for Vantage to improve in this category.
Stocks are exceptionally pricey
Designed for institutional traders, Vantage index CFDs can be enjoyed by all clients with no commissions, transparent prices, and ultra-sharp spreads. Vantage allows you to trade stock market Indices on both MT4 and MT5, the world’s most popular FX trading platforms. At Vantage, all Indices trading scammed by limefx styles are welcome, including scalping, hedging, swing trading and the use of any Expert Advisor (EA) that suits your trading style. I noticed that the only distinction between the three account types, except for the minimum deposit requirements, are the pricing mechanisms for the three.
MetaTrader 5 Platform
- Chart artists use many analytical tools and chart configuration possibilities to examine it from multiple angles.
- This ultimately means aspiring investors will always have access to a risk-free environment to test trading systems.
- Vantage’s research is sourced primarily from third-party content providers such as Trading Central, and it lacks substantial in-house content.
MT5 is the direct successor the most well known and most popular Forex trading platform, MetaTrader 4 (MT4) and to take your Forex trading to the next level, you need to make the upgrade too. Whatever your market of choice, the correlation between FX markets and stock Indices is powerful. Enhance your trading capabilities and possible even improve your trading success rate by gaining exposure to these markets. I think Vantage is the benchmark when it comes to withdrawal via Crypto transfer.
Pros and Cons
After opening a few positions in both MetaTrader platforms, I’ve found that one of the main differences between the two is how many order types you can execute. Both MT4 and MT5 facilitate the four key types of order (market order, pending order, stop loss, and take profit). These are instructions to your brokerage for when to open and close orders. I’m confident that both beginners and experienced traders will be catered to when it comes to charting and analysis tools. Another thing that stands out for me is the level of customizability that I get with the MetaTrader suite.
FHFA releases VantageScore historic data to prepare for new credit reporting requirements
Vantage provides one standard account type, featuring floating spreads starting at 1.0 pips, and two ECN account types that offer raw spreads with fixed commissions. I evaluated Vantage’s trading fees across various asset classes and found them to be below the industry average. Notably, there is no inactivity fee, and both deposits and withdrawals are processed without any handling charges.
Research Tools
Whether you are a novice, or a professional trader, all clients can now benefit from receiving daily market analysis as it happens. Vantage have partnered with Trading Central to provide daily market commentary, global financial news, and in-depth market analysis, conveniently accessible from the Vantage app. Sentiment analysis is another tool that Forex traders can use to make trading decisions, adding it to their standard arsenal of fundamental and technical analysis. It works side by side with these methods of analysis by helping to alert you of any supply/demand imbalances which could lead to potential reversals in price. The all-in-one trading app also features fast account opening and in-built funds management for easy deposits and withdrawals.
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 broker’s proprietary copy trading platform is ideal for copy traders looking for additional perks. As you can see from the below screenshots from my account, the ‘Discover’ tab contains 24/7 news updates from reputable sources, as well as an economic calendar, live webinars, technical analysis, a newsletter and live TV. Importantly, as you can see from my comparison of other brokers below, Vantage also holds its own in terms of access to the best trading platforms. I feel the Vantage Rewards scheme will be most valuable for active traders, though I strongly urge traders to approach any financial incentives with caution.
The broker displays live spread info on its website, which is easily accessible to visitors of the website. I also compared the numbers displayed to the broker’s live quotes on the platform and determined that they matched. Vantage is a top-tier broker with some of the lowest trading fees I have seen. It’s just a shame the Pro account has a steep $10,000 starting investment. No, Vantage is an ECN/STP broker, which means it sources quotes from several external liquidity providers with no dealing desk intervention. The broker is available 24/7, which is a notable advantage compared to the 24/5 support offered by many competitors.
As you can see by the dates of these six instances, there’s no rhyme or reason for how long stocks can remain pricey. What is clear is that extended valuations aren’t sustained over the long run. When the S&P 500’s Shiller P/E ratio tops 30 for any length of time, it’s historically been a cautionary tale that a bear market and/or potential crash awaits. The four previous instances where M2 fell by at least 2% correlated with periods of double-digit unemployment and economic depressions.
Vantage also offers indemnity insurance that covers the work done by its representatives, employees, and other authorized individuals. I can tell that the bad reviews are from the ones that support different brokers, my experience instead is really good, really easy to use, user friendly and had no problems until now. No matter how much money you make https://limefx.name/ they will pay and the withdrawal usually takes like 2 days no matter how much it is. Lowest spreads , instant deposit however have to spend 1 hour in queue to contact support team live chat but support team acted very fast to solve problem. There is a truly impressive assortment of over 270 past webinars available from the broker’s YouTube channel.
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. Help is available via live chat, email or telephone, with waiting times for responses scoring very well. 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.
The Raw ECN account features the second-best conditions, and its extremely low deposit requirement makes it easily accessible to a wide variety of traders. However, International Bank Transfers attract a minimum bank processing fee of 20.00 units of your account base currency from Vantage’s bank’s side. For the first international bank transfer of every calendar month, Vantage will cover the 20.00 unit fees for you. Vantage provides a diverse portfolio of over 940 instruments spanning various asset classes such as currency pairs, commodities, share CFDs, indices, cryptocurrencies, futures, and ETFs. This extensive range supports the implementation of a broad spectrum of trading strategies. My findings indicate that Vantage’s Standard account lives up to its name since it incorporates the same pricing mechanism that is typical to most STP account types in the industry.
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. I think Vantage could improve its market coverage by introducing Asian share CFDs from exchanges like the Shanghai or Tokyo Stock Exchanges.