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. Vantage has an 80% margin call and an automatic stop-out will be triggered when your account reaches less than 50% of the required margin.
I have been thoroughly impressed by the customer support at Vantage. The broker is available 24/7, which is a notable advantage compared to the 24/5 support offered by many competitors. 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. The only downside is that you don’t get access to a library of additional indicators or trading robots. With this in mind, I think ProTrader terminal is a better choice for intermediate traders or those who aren’t interested in exploring automated trading features.
Vantage clearly takes customer satisfaction and loyalty very seriously, as these bonus schemes are among the best we have come across. These rate strongly in the broker’s favour and come highly recommended. In particular, it’s great to see Vantage offering promotions and bonuses for both new and experienced users of the platform. Also, Vantage does not offer clients negative balance protection which implies that traders can easily lose more money than the balance they have in their trading accounts whenever they have losing trades. Instead, the broker immediately closes losing trades if it appears that they will lead to the trader losing not only all the funds in their account, but even end up owing the broker.
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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. It is worth noting that swap fees apply to positions overnight. However, this is standard practice and Islamic accounts avoid this charge, though an admin fee is levied instead. 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.
Vantage Lower trading fees
When it comes to trading platforms, the diversity of Vantage ‘s offer is unparalleled. No fewer than 9 options are available, mostly centered on MT4 and MT5. Featuring MT4 as well as MT5, the broker offers its users access to some of the best online trading solutions in existence. The registration process on the Vantage website takes no more than 5 minutes. To create a trading account, the client needs to click on the Live account button at the top of the page and fill out the registration form. You must also specify personal and contact information, country of residence, as well as the type of account.
- This social trading platform is attractive as it will continue to copy forex trades even when I’m not connected to the platform.
- 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.
- 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.
As such, it is quite clear that Vantage takes its regulatory obligations seriously, making this broker one of the safest around. It upholds the highest standards of regulation and compliance as required by the terms of its licence, with client funds kept under tightly controlled accounts that are kept segregated and tightly audited. Currently, the National Australia Bank acts as its custodian bank and it is regulated by the Cayman Island Monetary Authority (CIMA). Additionally, it also has indemnity insurance, meaning that user accounts and deposits are afforded a very high level of protection.
Overall though, there is good depth of market in a wide range of asset classes, and this sets Vantage apart from many brokers out there, which often offer around 200 or fewer instruments. Withdrawals can be made with the same methods as deposits, with additional support for Bitwallet and Perfect Money. For instant funding I would recommend card payments; bank wire transfers can take up to five days, which is longer than ideal. The firm’s membership with the Financial Commission and Compensation Fund is also a good sign. This protects clients with a maximum compensation of 20,000 EUR in the case of an unresolved dispute with the broker.
- It is free for you to engage these services from the broker side though you must have account equity of at least $1,000.
- Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
- We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
- Fraud can be completely ruled out with an utterly regulated offerer to 99%.
- Positions can be opened and closed in a few seconds via smartphone.
- Here is a closer look at all the account types you can look forward to choosing from when you are a Vantage trader.
The website has been translated into German, Chinese, Indonesian, and more. Still, you can only expect some supported languages from an Australian broker. From our experience, support for Vantage Markets is lightning fast. Also, additional add-ons or indicators can be added to improve the charting. The MetaTrader will be installed with a wide range of standard indicators.
He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family. Similar to the active trader program, this 10% rebate may be available in some areas. You could get this if you deposit $1,000 in your STP Standard account and you can receive a $2 per lot rebate. Vantage provides for a broad range of charting tools and indicators which are provided by the MT4 and MT5 platforms. In total you will find 51 charting indicators to choose from as well as 31 drawing tools, the ability to set price alerts, and order in one click directly from charts.
Test and review of the Vantage Markets trading platform
This account type charges no swap fees in order to be fully compliant though the broker could charge an extra fee to make up the difference here. An Islamic trading account is offered by Vantage and is completely compliant with Shariah law. In fact, the service is also certified by Sheikh Hasan Qamra, the Chairman of the Shariah Supervisory Board.
Traders can access forex via contracts for difference (CFDs), which is fairly standard at popular brokers. These derivatives work by allowing the trader and broker to exchange the difference in price of the instrument between the open and close of the contract. These types of instruments allow you to go long or short on currencies. CFDs can also be traded with leverage which increases trading power but also risk. From stat-arb and trend-following CTA to fixed-income relative value.
Safest Forex Brokers 2025
Market Trader, developed by ChartIQ, is also available at a brokerage company. HTML5-based Market Trader is compatible with almost all browsers. 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).
Despite the fact that most of the reviews/reviews that brokers use on different portals are positive, there are always some who do not agree. Obviously – apart from the usual range of complaints about withdrawals and a bargain – the broker was involved in a number of allegedly behind-the-scenes actions at certain points in his existence. Note that Vantage does not permit any third-party transactions. Whenever you carry out any deposit or withdrawal transactions, the account you use must be owned by Worldtradex forex broker you and be registered in the same name you used to open your Vantage account.
Does Vantage Have A Forex App?
Another such problem was that Vantage allowed the famous fraudster to act as an IB for the operation for some time, although he was warned about this. In one such incident, payment to one of its IB (Introducing Brokers) was denied. After the said branch posted a complaint about the operator on one of the review portals, Vantage allegedly offered to pay him only if he first deleted the complaint. Whether such stories are true is currently completely impossible to verify. Their simple existence and implied trust raise a few red flags.
The broker is also the official partner of McLaren MX Extreme E. Vantage was launched in 2009 and has established itself as a reputable global forex broker based in Sydney, Australia. We tested the live chat three times and found it quick and easy to use with responses in less than one minute once connected with an agent. Before then, a queue counter lets you know roughly how long to expect to wait, and we did not experience waiting times of more than a few minutes in any of our tests.
It’s also good to see that bank transfers, cards and some e-wallets are fee-free. As for licensing, I’m glad to see that many clients will be registered under tier-one-regulated entities. Our Vantage review involved testing the MetaTrader MT4 WebTrader platform. We booked test trades in AUDCHF and AUDJPY and set the screen display to different background settings. The next stage of the process involves deciding whether you want your account to be denominated in USD, EUR, or GBP.
I also rate that this platform carefully checks its forex traders before allowing copy trades to be made. All traders are verified and their track record is assessed before being added to the site and low-performing accounts are not available for copy trading. This allows users to feel secure that they are mirroring knowledgeable and experienced traders. The broker offers you the options you need for professional trading. From our experience, there are no disadvantages except the language barrier in English using the support. Vantage Markets is a reputable and trustworthy broker with an extensive and favorable trade offer for international traders.