However, we do note that negative balance protection is not automatically applied by the broker’s offshore entity. Vantage is a legitimate forex broker that does not appear to be operating a scam. The company holds a license with a top-tier regulator, the Australian Securities & Investments Commission (ASIC). Our experts are also reassured to see that Vantage is a member of the Financial Commission Compensation scheme and uses segregated client accounts. The broker also provides an extensive FAQ page, which is where I recommend starting if you have a basic query.

• Based on the performance of the traders you follow; your trading account will be an exact mirror of the performance of some of the brightest and most talented Forex traders within the social trading industry.
• The MetaTrader platforms are available on the web, desktop (MAC and Windows) and mobile devices (Android, iPad, iPhone, and Tablets).
• Through the ZuluTrade social trading platform, clients of Vantage will gain exclusive access to a vast pool of professional traders and profitable trading systems.
• When all of that was complete, we were ready to deposit funds into the account.
• The trading fees on its Standard account are more favorable than the industry average across the board.

Does Vantage Have A Forex App?

The chart screen is undeniably one of the most crucial features of a trading platform. It equips traders with essential tools and configurations to analyze price action and spot trading opportunities. Just as important is the ability to easily scale price action, allowing for a clearer and more detailed view of market movements. In my opinion, MT5 is best suited for automated trading via Expert Advisors (EAs).

He also promises you that if things goes bad he will send your funds through wallet. After consulting the forums, I realized this is their usual practice.When a client wins a little money, Vantage refuses withdrawals and seizes the profits.No email, no notification, nothing at all. We covered how to sign up for a Demo Account and Live account elsewhere on this page. MT4 and MT5 are somewhat similar, MT5 is the https://lunarcapital.vip/ successor to MT4 so offers much of what MT4 has but more charts, indicators and tools overall. If you’re an active trader or professional trader, trading more than a few times per week, you’ll almost definitely want to use the raw ECN account.

Does Vantage Offer Prop Trading?

Whether you are a scalper, swing trader, or trade long term, the ProTrader platform is designed for traders of all styles. Featuring 12 different chart types from traditional candlesticks to Renko and Kagi, as well as multiple timeframes and a variety of chart layouts, traders can monitor the markets like never before. While retaining the familiar look and feel of MT4, MetaTrader 5 truly is a next generation Forex trading platform. Trading on MetaTrader 5 with your Vantage account can help you to gain your trading edge. Lightning fast execution speeds, the tightest of spreads and even more powerful charting capabilities than MT4 are just some more of the features that make MT5 so powerful.

MetaTrader 5

As a trader who prioritizes flexible charts that are easily scalable, I find MT5’s charting capability too rigid and less effective. I assessed that Vantage’s overnight fees align with the industry benchmark. I opened a Standard account with the Vantage Global Limited entity and performed my tests on the desktop and mobile versions of the MetaTrader 5 platform. Overall, Vantage is an excellent choice for traders of all styles, including day, swing, position, crypto, copy, and algo traders.

SmartTrader & ProTrader Tools

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. When checking several broker-rating-websites a lot of complaints come because withdrawals were denied, rumors about vantage being/going to be bankrupt, closure of profitable accounts. They handle withdrawals and deposits quickly and are transparent and fair with spreads and other trading services. Yes, VantageFX provides a free demo account with virtual funds, allowing traders to practice and refine their strategies without risking real money.

As you can see from my comparison table below, Vantage stands up well against top competitors when it comes to available payment methods. Vantage’s research is sourced primarily from third-party content providers such as Trading Central, alongside its own in-house production which has grown considerably year over year. That said, I am still pleased to see how much Vantage has improved its research over the last 12 months. All information on https://lunarcapital.team/ The Forex Geek website is for educational purposes only and is not intended to provide financial advice.

Yes, Vantage provides VPS hosting to traders, ensuring stable connectivity for running automated trading strategies 24/7. However, charges may apply for international bank wire transfers, depending on the payment provider. When evaluating Vantage against Eightcap, each broker offers distinct advantages. Our tables provide a detailed comparison of their spreads, quotes, and trading volumes. Vantage makes it simple to start trading by offering a wide range of deposit methods and charging no deposit fees.

Then we had to provide details about our address and whether we’re a US resident for tax purposes. At the next step, we had to provide some more of our personal details, such as date of birth and identification document details. Opening an account with Vantage was a relatively painless and streamlined process, allowing us to be set up in about 5 minutes. In terms of funding methods, we found a number of options, but some are better than others. If you’re located in Australia, the UK, or South Africa, your account will be regulated by your country’s regulatory body. There are countless chart indicators in TradingView, all accessible at the click of a button.

• If the trading criteria are met Vantage offers access to TradingView Pro, Pro+ and Premium and will refund your monthly membership costs.
• While using the Standard account, I got spreads of 1.4 on EUR/USD and 1.6 on GBP/USD.
• With your unique Vantage AutoTrade account, you can easily create a portfolio and automatically copy the trades of other successful Forex traders.

Reviews

For instant funding I would recommend card payments; bank wire transfers can take up to five days, which is longer than ideal. If you have traded with Vantage we would really like to know about your experience – please submit your own review. Ultimately, I think the app will work well for beginners or anyone looking to stay up to date with market events whilst on the go. What you can do, though, is easily view live chart data alongside corresponding analysis and events all on the same page, which I thought was highly intuitive. I also like that clicking on each chart opens it up in full-screen landscape mode, so you can pinch and zoom for a greater level of detail. I was also able to execute time limits on my orders, including good ‘til canceled (GTC), good ‘til end of day (GTD) and good ‘til time (GTT).

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. The academy includes specific categories allowing you to cycle through forex articles, webinars and online educational resources easily from the broker’s website. It also doesn’t have the hefty deposit of DupliTrade, making it better for traders on a budget.

The live chat feature allows for real-time communication with support representatives, offering immediate solutions and answers to urgent inquiries. For more detailed queries or issues that require thorough investigation, email support is available, providing a way for clients to receive comprehensive responses. Additionally, the telephone support service offers a direct line to customer service agents, ensuring personal and immediate assistance. Vantage’s commitment to providing accessible and responsive customer support underscores its dedication to client satisfaction and operational excellence. The Standard account at Vantage is specifically designed to cater to entry-level traders, offering a no-commission trading structure which allows for cost-effective participation in the markets.

This allows users to feel secure that they are mirroring knowledgeable and experienced traders. 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. CFDs can also be traded with leverage which increases trading power but also risk. The low starting deposit of $50 ensures accessibility for those on a lower budget and the unlimited demo account allows you to practise trading risk-free for as long as you need.

These accounts eliminate swap fees on overnight positions, replacing them with a nominal administrative fee. This ensures compliance with Shariah law while still providing traders access to the full range of trading instruments and platforms. I’ve generally had a positive experience using Vantage for forex trading, as the platform is efficient and offers some really useful account features.

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. I can also have multiple charts open simultaneously, which is ideal for active traders. Considering the negatives, though, it is a shame that the broker’s global entity, Vantage Global Limited, is regulated offshore by the Vanuatu Financial Services Commission (VFSC). The VFSC is not a highly respected authority and does not offer the same degree of protection for retail traders in my view.