Vantage Review 2024: Pros & Cons
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. When your Vantage account is funded with a minimum of $2000, you can gain access to a portfolio of professional proprietary traders. And, you can also test your portfolio on a demo account to find the right traders to suit your needs. The AutoTrade service is an online FX trade copying platform with over 90,000 FOREX traders.
Social Trading
MetaQuotes has integrated all of the features that have made MT4 the excellent Forex trading platform that it is, and then improved on them. If you choose to trade Forex on MT5 with Vantage, you will benefit from the latest version of MT5 which has activated all EA and signals trading and most importantly, includes the capability to hedge positions. Forex markets are always traded as currency pairs where a Forex trader will always buy or sell one currency in terms of another. An example of one such trade would be a EUR/USD buy trade, meaning buying EUR and selling USD. 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.
- Have you ever wanted to see how your trading strategy would run off the 12-minute charts, but been restricted by MT4’s limited timeframe capabilities?
- It is important to note that between 74-89% of retail investors lose money when trading CFDs.
- Vantage also doesn’t disappoint when it comes to additional trading tools.
About the Editorial Team
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. The active trader promotion offers users who open a Standard STP account funded by at least $10,000 the opportunity to earn bonuses based on their account activity. The welcome bonus provides a bonus of 50% on deposits of up to $500 for users signing up to the Vantage account. Vantage clearly takes customer satisfaction and loyalty very seriously, as these bonus schemes are among the best we have come across.
Fees & Costs
I was able to access convenient account management features, as well as trade monitoring. 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. For example, traders can earn V-points in the Vantage Rewards scheme which can be redeemed for cash, deposit rebate vouchers, lucky draws, profit boosters and more.
Vantage pros & cons
Many Forex traders use the economic calendar as a release schedule to assist them in anticipating when major movements will happen in the market. The forex market sentiment page displays the overall long and short positions of the Vantage book. The sentiment ratio of long to short positions are represented as a percentage and displayed as a sliding scale where orange represents clients’ shorts and teal represents their longs. Not to mention MT5’s inbuilt system of alert, designed to help traders keep track of important market events without having to consult an external economic calendar.
Rediscover the MetaTrader 4 and 5 Platforms by deploying the most comprehensive upgrade to your MetaTrader experience today and take your trading further with Vantage. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Yes, based on your detected country of BG, you can open an account with this broker.
While there are some areas for improvement, such as expanding research tools, the overall experience with Vantage Markets is highly positive. This review delves into the key aspects of Vantage Markets, including its trading platforms, account types, customer service, and more, to provide a comprehensive overview of what traders can expect. 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 styles are welcome, including scalping, hedging, swing trading and the use of any Expert Advisor (EA) that suits your trading style. It also offers its own proprietary Vantage app, which – despite the added distraction of in-app ads – shows real promise as a trading platform.
Since its inception in 2009 Vantage has been in the business of providing institutional trading conditions to retail clients around the world in a transparent true ECN/STP environment. Vantage offers access to more than a hundred trading instruments on various asset classes such as stocks, indices, energies, cryptocurrencies, commodities, and ETFs. It provides a trusted trading ecosystem that enables clients to achieve their own success, in a faster and simpler manner. You can quickly and easily open an online trading account with Vantage with a minimum deposit requirement limefx scammers of $200.
Choose from precious metals, oil and soft commodities to take advantage of major market cycles. Soft commodity CFDs are an exciting new market that Vantage traders now have access to through their MT4 and MT5 platforms. This commodity class is a robust market full of large buyers and sellers of the physical assets that back the futures market. 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.
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. CFDs are complex instruments and come with a high risk limefx official site of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
In our analysis of 23 international regulators across 62 of the best forex brokers, Vantage is considered highly trusted, with an overall Trust Score of 90 out of 99. VT Markets is considered average-risk, with an overall Trust Score of 70 out of 99. 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 Standard STP account has no commissions, while the Raw ECN and Pro ECN accounts have commissions starting from $3 per lot per side. This multi-jurisdictional regulation ensures that Vantage Markets adheres to high standards of financial integrity and client protection. A Forex Economic Calendar is a useful tool for Forex traders to track important, potentially market-moving events.
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. Vantage Markets (or Vantage) is an award-winning multi-asset broker offering clients access to trade CFDs on Forex, Commodities, Indices, Shares, ETFs, and Bonds.