Compared to the broader industry, Vantage offers an average number of currency pairs and a high number of commodities, indices, share CFDs, and cryptocurrencies. MT5 is ideal for automated trading, thanks to its Expert Advisors (EAs) and an integrated strategy tester for algo traders. Please note that ‘round-turn’ means that half of the fixed rate is paid whenever an order is opened, and the other half is paid when the position is closed. I determined that Vantage’s commission rate meets the industry average.
Quick deposit and withdraw
Vantage also has a pretty exhaustive FAQ section for more general queries. MetaTrader 5 stands out with its simplistic design and key features like one-click trading, alarm settings, and a market depth tool, ensuring fast and efficient order execution. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight.
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They provide coverage on current economic and financial news with potential market impact, focusing on various financial assets like gold, the US dollar, bonds, and more. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage. Essentially, the broker lends the trader money so that the latter can open bigger positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.
My Key Takeaways After Testing the MetaTrader 5 Platform
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 still a long way off from competing with the best mobile apps in the industry. Just maybe improve the leverage you provide for clients with smaller accounts.
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- ECN brokers utilize electronic execution of client orders since they operate as Over-the-Counter (OTC) derivatives brokers.
- It is also worth noting that the broker’s customer service team is contactable during trading hours, 24-hours a day, 7-days a week to ensure timely support.
- 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.
- Brokers operate multiple entities because it allows them to serve clients worldwide.
You should consider whether you understand how CFDs and Spread Bets work and whether you can afford to take the high risk of losing your money. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as https://limefx.biz/ well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
This service is an absolute train…
However, the high minimum deposit requirement can be too costly for some traders to start. Also, professional accounts usually lack protections like negative balance protection, which are mainly offered to retail traders. To provide each trader type with an account that matches their needs, Vantage offers a varied pricing and fee schedule depending on user priorities. The straight-through processing order execution (STP) account and Swap-Free Trading Account/s incur no commissions with spreads that start at as low as 1.4 pips. There is a small administration fee assessed on each trade for Swap-Free Trading account holders.
With more than 10 years of market experience and headquartered in Sydney, Vantage now has over 1,000 staff across more than 30 global offices. We have partnered with Lloyds of London to implement Excess of FSCS Insurance, making Vantage one of the only brokerages to provide up to £1 million in fund compensation and protection. By the Financial Conduct Authority (FCA) under Vantage Global Prime LLP, for institutional clients. Vantage also has an entity that holds regulatory status with the Cayman Islands Monetary Authority (CIMA), and by the Vanuatu Financial Services Commission (VFSC) in Vanuatu.
Its Raw ECN account type, however, offers more competitive prices than the typical ECN account type. Deposits and withdrawals are cost-free with Vantage, though third-party banking fees may apply depending on the chosen payment method. The broker does not charge dormant accounts with an inactivity fee. Brokers operate multiple entities because it allows them to serve clients worldwide.
Please read our legal documents and ensure you fully understand the risks before you make any trading decisions. Vantage is a global, multi-asset broker offering clients access to a nimble and powerful service for trading CFDs on Forex, Commodities, Indices, Shares. With our RAW ECN account, traders can experience some of the lowest trading costs in the industry.
Vantage operates under four entities regulated in various jurisdictions, including ASIC in Australia and the FSCA in South Africa. Based on my research of Vantage’s legal documents, I assessed that the broker complies with most safety regulations. Additionally, the broker is well-suited for hedging strategies, offering an extensive selection of futures contracts. Choose from precious metals, oil and soft commodities to take advantage of major market cycles. Steven Hatzakis is the Global Director of Research for ForexBrokers.com.
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. I found this account type suitable for all kinds of trading strategies. 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. I was strongly impressed by Vantage’s proprietary trading app powered by the seamless TradingView. It offers a superior design with numerous functions, enabling easy market access and real-time monitoring of market trends for on-the-go position adjustments.
There is a truly impressive assortment of over 270 past webinars available from the broker’s YouTube channel. There is already enough content to provide newbie traders with a firm understanding of the ABCs of trading. Vantage’s market breakdowns are available from the website with free access to registered and unregistered clients.
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Once an inquiry has been submitted, Vantage conducts a thorough review before sending a detailed report to its users. Moreover, the platform is recommended for traders who are willing to invest large sums and are confident in their trading abilities. Beyond the aforementioned benefits, Vantage also provides a wide range of limefx official site technical charting tools to its users, thereby making it easier for investors to hone their decision-making process. Vantage Trading is an online broker that offers CFD trading on various financial products, including FX, indices, stocks, and ETFs. With consistently competitive spreads, you can trade CFDs at lower costs.
An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Beyond the in-platform functionality and education, the broker also provides dispute resolution services to its clients. Users are allowed to submit trade inquiries via the website in case of any dispute.