The individual needs to opt one of the different types of accounts and then log into their system by fulfilling an online registration application. Vantage is widely regarded as a secure broker, thanks to its robust regulatory oversight and advanced security measures. The implementation of SSL encryption technology ensures that all client data and transactions are protected against unauthorized access and cyber threats. Ensuring the safety and security of client funds and personal information is a cornerstone of Vantage’s operations. The broker has focused on building a trustworthy reputation through stringent regulatory compliance and advanced security protocols.

Compare Vantage with other approved brokers

This is unlike most financial firms that would charge a certain sum on trading accounts after a prolonged period of inactivity. Vantage offers a suite of mobile trading apps, including its proprietary Vantage App, MetaTrader, and TradingView. Vantage offers a comprehensive range of tradable instruments, catering to various trading preferences. The availability of specific markets may vary depending on the regulating entity. With e-verification options and an efficient setup, traders can open a live account in under five minutes and begin exploring the markets immediately.

Is Vantage good for beginners?

Vantage was launched in 2009 and has established itself as a reputable global forex broker based in Sydney, Australia. Vantage is a no-dealing-desk broker that offers varying execution models depending on the account you choose. 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. The range of forex assets offered by Vantage is not the widest, with 49 currency pairs available. Supported funding methods include bank wire transfer, credit/debit card, Neteller, Skrill, AstroPay, FasaPay and broker-to-broker transfer. A Forex Economic Calendar is a useful tool for Forex traders to track important, potentially market-moving events.

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It also doesn’t have the hefty deposit of DupliTrade, making it better for traders on a budget. Withdrawals can be made with the same methods as deposits, with additional support for Bitwallet and Perfect Money. Our team rate the variety of payment methods supported as it makes the broker easy to use globally.

The inclusion of a live chat feature demonstrates Vantage’s commitment to providing timely and efficient assistance to its clients, which is a crucial aspect of any reliable broker. Lastly, Vantage also provides a FAQ and Help Center that anyone can access. The broker offers multiple trading platforms, including MT4, MT5, ProTrader, WebTrader, and Vantage Social Trading, so you can choose the one that suits your trading style and preferences. Additionally, Vantage provides educational resources and trading tools to help you improve your trading skills and knowledge. In terms of pricing, spreads are competitive, especially on the Raw ECN account with 0.0 pips on major Forex pairs and a commission of $6 per round trip lot. Fees are transparent and no costs are charged on deposits or withdrawals, which is appreciable.

There are also comments mentioning temporary account freezes during withdrawals, generally for regulatory checks. Vantage offers a solid choice of CFD assets, sufficient to meet the needs of most traders, especially in Forex, indices and commodities. I particularly appreciated the depth of the offer on US shares, even if they remain available only via CFD. The minimum deposit is set at £50, which remains accessible to the majority of profiles, Worldtradex website including testing in real conditions without a large commitment. This is all the more interesting as Vantage accepts numerous currencies and payment methods, which limits additional costs.

Withdrawal Fee

These additional tools are a great way of adding some social and automated trading features to your trading account. The Myfxbook AutoTrade tool allows you to seamlessly integrate copy trading into your Vantage investment account by connecting you to a growing network of over 90,000 forex traders. Similarly, ZuluTrade integrates into your Vantage trading account and gives you instant access to a network of over 10,000 professional day traders.

• It equips traders with essential tools and configurations to analyze price action and spot trading opportunities.
• MT5 offers a full set of trading orders for flexible Forex, Commodities and Indices trading, with access to Vantage is liquidity provider’s market depth at your fingertips.
• This means that wire transfers, credit/debit cards, and a range of eWallet and other methods are all available.
• The integrated economic calendar also allows you to anticipate periods of high volatility.
• The broker offers a variety of featured trading ideas and comprehensive market breakdowns.

I was able to access convenient account management features, as well as trade monitoring. During my testing, I was pleased to see a strong range of 12 chart types and 8 time frames, plus 100+ technical indicators and over 50 drawing tools. 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. Another thing that stands out for me is the level of customizability that I get with the MetaTrader suite. Both platforms feature flexible charts and market watch windows which can be re-sized to my preferences.

Importantly, I was very pleased to see that there is no time limit on the demo mode, which is good compared to most online brokers who automatically close paper trading accounts after 30 or 60 days. This ultimately means aspiring investors will always have access to a risk-free environment to test trading systems. I’ve been particularly impressed with the wide range of up to 10 base currencies in the Standard and RAW accounts and the accessible $50 minimum deposit.

Is Vantage suitable for automated trading?

• These include the ability to set stop losses, trailing stops, and take profits, in managing your open positions.
• This is unlike most financial firms that would charge a certain sum on trading accounts after a prolonged period of inactivity.
• The broker does not allow direct investment, but its 100% CFD approach aligns with its positioning centered on active trading.
• Spread betting is available through brokers regulated in the UK, such as Vantage.

They also assured me that any withdrawal would be processed using the original deposit method, into the same account. Yet now, they claim the money was sent to the closed account.For the past two weeks, I’ve been reaching out for help, only to be told repeatedly that they’re waiting on a response from their team. When I do get a response, it takes ages—sometimes up to 15 minutes—and they mention they’re handling multiple queries at once.I’m in urgent need of assistance to retrieve my funds.

Other Fees

MetaTrader is a third-party software provider, so login details for this account are sent via email. Vantage works with Myfxbook AutoTrade, an automated trading service that allows customers to access social trading. Myfxbook AutoTrade is an automatic copying service for trading strategies that allows Vantage traders to access the trades of many successful traders.

After several weeks of extensive testing, Vantage left me with a very positive impression, particularly regarding the quality of execution, the clarity of fees, and the diversity of tools available. I was able to trade over 1,000 instruments via CFDs, spread across currencies, international stocks, ETFs, indices, commodities, and cryptocurrencies. It’s a comprehensive broker for those looking to actively diversify their portfolio. Among its top trading platforms are MetaTrader 4, MetaTrader 5, Instrumental-based web browser trading, and a self-developed mobile app.

Mostly, deposits in the account are totally free of charges, but occasional withdrawals attract small fees, depending on the method. For clear fees schedule, interested clients should refer to the broker’s webpage. Clients must contact the broker’s customer support to request further assistance. I also concluded that the Vantage Raw account offers the most efficient conditions in terms of price competitiveness and affordability.