CFDs are complex instruments and come with a high risk 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. The minimum capital required to open an account is £200 on the Standard STP account, which is a higher entry than most competitors.

Vantage Pros and Cons

  • The market is continually evolving and never static, so it is important to hone your skills in a safe environment.
  • Self-confessed Forex Geek spending my days researching and testing everything forex related.
  • Traders must note that these swap rates depend on market conditions and thus are subject to change.
  • You should consider whether you can afford to take the high risk of losing your money.

To help reduce slippage, Vantage FX has a network of data centers and servers to deliver ultra-fast execution, with six trading servers in various countries. Some of this comes from the oneZero MT4 Bridge, which is a next-gen price aggregator that has a bandwidth of up to 100GB/s. To further promote that ultra-fast execution, the oneZero Bridge uses processors with up to 3.2GHz of frequency and 18 core speed processing. In addition to supporting Expert Advisors, MetaTrader 5 supports advanced EA backtesting algorithms to help you choose which ones to use. You can also use trading signals, either the thousands created by professionals, or the ones you create with the MQL5 programming language. –      Non-trading fees aren’t directly related to trading, but you should consider them as they make up the cost of using a certain broker.

An example of one such trade would be a EUR/USD buy trade, meaning buying EUR and selling USD. Inactivity fees are an encouragement for traders to keep trading active and take good care of their accounts. Vantage offers its own proprietary trading app, alongside the standard MetaTrader and TradingView suite of mobile apps. Vantage has built a decent foundation for a new mobile trading application with its Vantage App. However, I am not a fan of the ads and, and it is still a long way off from competing with the best mobile apps in the industry. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.

Which broker has lower costs, Pepperstone or Vantage?

According to its website, Vantage is founded on the values of accountability, transparency, reliability, integrity and trust. 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. Empowered Automated Forex Trading by Myfxbook Vantage is delighted to collaborate with AutoTrade to offer our Forex traders access to one of the most acclaimed FX copy trade services in the market.

Compare Vantage with other approved brokers

Our experts also factor in their hands-on testing experience into broker ratings. Vantage FX provides social copy trading through ZuluTrade, MyFXBook Autotrade and DupliTrade. These platforms let your trading account mirror the performance of top forex traders.

Withdrawal fees

The Vantage Rewards loyalty program offers traders the opportunity to trade and earn additional Worldtradex rewards for their activity. From beginners to experienced professionals, every trader can find something valuable in this program. With the ability to earn V-Points and exchange them for various incentives, Vantage makes trading more exciting and profitable. DupliTrade allows Vantage clients to duplicate the trades of experienced proprietary traders.

This is unlike most financial firms that would charge a certain sum on trading accounts after a prolonged period of inactivity. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. Essentially, the broker lends the trader money so that they can open bigger positions. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.

  • Vantage additionally provides their clients with a variety of useful trading tools.
  • Many Forex traders use VPS technology to ensure that their Expert Advisors (Forex trading robots) can run non-stop.
  • Moreover, withdrawals in the UK usually cost £5, although there is a free option too.
  • To delete your Vantage account, you need to contact their customer support team via email or live chat and request an account closure.
  • It provides a trusted trading ecosystem that enables clients to achieve their own success, in a faster and simpler manner.

The broker provides traders with MT4 and MT5 demo account, which traders can use to practice their trading strategies on over 180 financial instruments without risking real money. Vantage clients can start to diversify their portfolio by duplicating the trades of proprietary traders, trading their own accounts with real money! When you connect your Vantage account to DupliTrade, you gain access to a folio of hand-picked prop traders. Then, you simply choose the traders you want to copy based on their performance, strategy and trading style, and their trades will be duplicated on your Vantage MT4 or MT5 account.

The MetaTrader mobile apps can be installed from both Google Play and the Apple App Store. In addition to ECN execution, the Pro account has a range of 0 points and a commission of $ 2 per lot on each side. This type of account offers access to the entire spectrum of markets supported by the broker, and its minimum balance is $ 200. As part of our Vantage FX review, we tested all customer support contact methods. We found that the multiple channels give comprehensive and convenient coverage so that you’re never stuck without help.

ProTrader Tools

Thanks to the advanced functionality of the platform, MT4 Vantage can conclude transactions with lightning speed. This tool allows you to practice learning everything you need to trade online without spending a cent of your own savings on these goals. Fast, convenient, reliable, and most importantly – it is a very productive tool. Options offered by the broker, MAM / PAMM accounts, are obviously intended for those who are looking for high-performance trading solutions. With this option, you can manage multiple accounts, which is very useful for experts trading for multiple clients.

Please be aware that denying consent for a particular purpose may make related features unavailable. This also goes with a demo account for practice purposes where actual precautions can be avoided. Will continue use vantagefx as it considering the best broker I trade with so far. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com.

You can contact support via live chat, phone, or email, and the broker does its best to get back to you within 24 hours. There are also specific support numbers for various regions, which is greatly appreciated. The ability to trade share CFDs with Vantage FX provides plenty of opportunities for diversification, thanks to the global market access.

BlackBull Markets is a reliable and well-respected trading platform that provides its customers with high-quality access to a wide range of asset groups. The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following. The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners. Our request to talk with a human agent worked well, and on entering an account number, the chat was transferred directly to the broker’s customer support team. Another neat feature of the site is that accounts are, by default, set up so that copies of all Live Chat conversations are emailed to you after chats are closed. Following the link to the WebTrader platform takes you to a version of the ever-popular MetaTrader MT4 platform, which can be accessed from anywhere with an internet connection.

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. MT5 allows traders to use more timeframes on an unlimited number of charts in their watch list. 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? With 21 timeframes and one-minute history of quotes available on MT4, moving to MT5 is the smart choice for flexibility.