DayTrading.com may receive compensation from the brands or services mentioned on this website. 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. For those who are looking to learn as they go, Vantage offers a dedicated Academy packed with market analysis articles, trading guides, platform tutorials and webinars.
Trading Fees
Vantage gives users instant access to deep liquidity on the live currency markets across over 40 currency pairs. While quite limited when it comes to the more exotic currency pairs, all of the major currency pairs that you could hope to trade are covered. Generally speaking, the spreads on offer are very competitive and trades are executed incredibly quickly. Vantage is a no-dealing desk trader and offers STP and ECN forex trading accounts. Vantage is a reputable Forex broker that offers a range of features and limefx forex broker benefits, including regulatory compliance, competitive trading fees, multiple account types, and extensive educational resources.
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My only minor complaint is that limefx the selection of shares is lighter than some brokers like CMC Markets. Traders can access a free demo account at Vantage which gives you $100,000 in virtual funds to practice with. Again, Vantage doesn’t charge any internal fees for withdrawals, which is a positive if you make regular withdrawals. As expected, wire transfers are processed within 1 – 2 business days for domestic transfers and 2 – 5 business days for international transfers. As for licensing, I’m glad to see that many clients will be registered under tier-one-regulated entities. Yes, based on your detected country of UA, you can open an account with this broker.
- The application allows you to place trades, follow market news and create watchlists, but I learned that it isn’t the best for serious charting and technical analysis.
- Furthermore, Vantage conducts regular audit reports and adheres to strict compliance standards, ensuring transparency and security in its operations.
- Vantage incorporates the popular MetaTrader 4 and MetaTrader 5, along with the ProTrader platform.
- However, a hefty minimum deposit is required to unlock some of the more competitively priced account types and features.
- One of the areas where Vantage really excels is in the various trading platforms it makes available to you.
The Raw account and Pro ECN offer attractive pricing, especially for experienced investors looking for ultra-tight spreads with low commissions from $3 per side. Funds deposited via bank cards and most e-wallets are processed instantly. I tested the broker’s processing times using both a Visa card and Neteller and found that my funds were available immediately. Helpfully for Islamic investors, a swap-free trading solution is available. Additional account options include joint accounts, company trading accounts and trust trading accounts (either as individuals or as a partnership).
Vantage’s Non-Trading Fees
It is authorized by ASIC in Australia and the FCA in the United Kingdom. The broker holds a solid trust score of 90, indicating a rating of “Highly Trusted” according to ForexBrokers.com. Vantage has never let me down since i started using their services, good spead, no manipulation, easy withdrawals and tight security on platform usage. Vantage currently offers CFD trading across forex pairs, indices, commodities, metals, energies and US/UK/HK/EU/AU shares.
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. Serious algo traders will appreciate the virtual private server (VPS) which is available with a $1,000 deposit. Experienced traders will also appreciate the free forex VPS, as well as various advanced plugins for the MetaTrader and ProTrader platforms. I was able to access convenient account management features, as well as trade monitoring. As for accessibility, I’m pleased to see that Vantage offers both the web and desktop versions of the platforms. It’s easy to access all options from the client dashboard under the ‘Downloads’ tab.
Vantage offers a strong suite of trading instruments, with 1000+ CFDs spanning forex, stocks, commodities, indices, bonds and ETFs. Read our full explanation and accounting of our research and testing process to learn more about how we test. By the Financial Conduct Authority (FCA) under Vantage Global Prime LLP, for institutional clients.
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 competitive pricing in the ECN accounts, additional tools and the rebate scheme also make Vantage a good option for more experienced, high-volume traders. In addition, the VPS and access to the MetaTrader software will serve algo traders. Help is available via live chat, email or telephone, with waiting times for responses scoring very well.