Vantage is one of the most versatile financial derivatives brokers in the trading industry. Founded in 2009 and headquartered in Sydney, Australia, it offers over 1,000 tradable assets at very competitive prices. 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. The broker’s proprietary copy trading platform is ideal for copy traders looking for additional perks. I was able to access convenient account management features, as well as trade monitoring.
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. I particularly appreciated Vantage’s above-average cryptocurrency offering and the flexibility of cryptos and some metals being denominated in multiple currencies (USD, JPY, and EUR). This feature allows traders greater versatility in managing their trades. My only minor concern is the absence of stocks from Asian companies in its asset selection.
How To Open A Demo Account
If you have traded with Vantage we would really like to know about your experience – please submit your own review. Nonetheless, the client area does include the TradingView-powered sentiment indicators which are very useful. These visually display the overall sentiment ratio of long and short positions at Vantage. While this is pricey, I think the benefits are worthwhile, since I was able to access custom watchlists, hundreds of technical indicators and daily trade ideas. I also appreciate that strategy providers are more rigorously vetted, with certain performance requirements needing to be met before their positions can be mirrored. 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.
With regulation by trusted authorities like ASIC, FCA, FSCA, and VFSC, traders can feel secure knowing their funds are protected through segregated accounts and robust security measures. It also offers its own proprietary Vantage app, which – despite the added distraction of in-app ads – shows good promise for mobile trading. Vantage offers several types of trading accounts desVantagened for traders of all experience levels.
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. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Vantage does not accept as clients residents of certain jurisdictions such as Canada, China, Romania, Singapore, the United States, and jurisdictions on the FATF and EU/UN sanctions lists.
You can therefore confidently trust the expertise and rigor of our research at BrokerCheck. Vantage offers a user-friendly platform with transparent and reasonable pricing. My account manager keeps in touch consistently, making my experience quite positive up to this point.
Your account at Vantage
As a multi-award-winning CFD broker, Vantage delivers a superior trading experience, recognised by respected financial institutions and publications. We provide support and detailed account information at every stage of your journey. Our dedicated customer support team is available 24/5 to provide assistance with any trading-related issues or questions.
- 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.
- The advisor, Ryn, was extremely helpful and I appreciate the assistance.
- With its commitment to cost-effective and streamlined transactions, Vantage ensures a smooth banking experience for all its users.
- As for accessibility, I’m pleased to see that Vantage offers both the web and desktop versions of the platforms.
- Through ZuluTrade, DupliTrade, and MyFxBook Autotrade, Vantage also offers social trading via which traders can profit by copying the positions of more experienced investors.
Is your money safe at Vantage?
67.9% of retail investor accounts lose money when trading CFDs and Spread Bets with this provider. You should consider whether you understand how CFDs and Spread Bets work and whether you can afford to take the high risk of losing your money. It isn’t suitable for everyone and, in the case of Professional clients, you could lose substantially more than your initial investment. Past performance is no indication of future performance and tax laws are subject to change.
- I also appreciate that strategy providers are more rigorously vetted, with certain performance requirements needing to be met before their positions can be mirrored.
- Both platforms feature flexible charts and market watch windows which can be re-sized to my preferences.
- After opening a few positions in both MetaTrader platforms, I’ve found that one of the main differences between the two is how many order types you can execute.
- A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates.
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. I think Vantage could improve its market coverage by introducing Asian share CFDs from exchanges like the Shanghai or Tokyo Stock Exchanges. My only minor complaint is that the selection of shares is lighter than some brokers like CMC Markets. As expected, wire transfers are processed within 1 – 2 business days for domestic transfers and 2 – 5 business days for international transfers. Founded in 2009, the broker’s long history is a great sign of a well-established business with strong credentials.
Leverage
Users can trade on the all-in-one Vantage App, MT4, MT5, ProTrader (powered by TradingView), Copy Trading, or the Demo Trading platform. Agents respond within seconds, even during non-business hours, though their knowledge levels could be improved. For more general queries, the broker offers a dedicated FAQ section on the website. 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.
The VFSC is not a highly respected authority and does not offer the same degree of protection for retail traders in my view. With e-verification options and an efficient setup, traders can open a live account in under five minutes and begin exploring the markets immediately. The web platform is accessible directly through browsers, eliminating the need for downloads.
I discovered that Vantage offers an average number of currency pairs and a high number of commodities, share CFDs, indices, and cryptocurrencies. In my opinion, MT5 is best suited for automated trading via Expert Advisors (EAs). The platform also has an intuitive strategy tester, allowing experienced algo traders to tweak the parameters of their strategies so that they can be used under different market conditions.
Trade Across Diverse Markets
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. The few drawbacks include a limited selection of CFD stocks from Asian markets and inconsistent customer support. Spreads are super tight, execution is fast and reliable, platform is great. 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.
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. Vantage offers Islamic accounts for swap-free trading under Shariah law. Clients must contact the broker’s customer support to request further assistance.
MT4 and MT5 are hugely popular trading terminals that offer powerful charting tools and customizable Worldtradex company reviews layouts. Since both platforms are strikingly similar, I found it useful to compare them side by side in the categories below. Traders can access a free demo account at Vantage which gives you $100,000 in virtual funds to practice with.