Funds deposited via bank cards and most e-wallets are processed instantly. I tested the broker’s processing times using both a Visa card and Neteller and found that my funds were available immediately. Choosing a broker that is licensed by a trustworthy regulator should be a top priority. Strong regulatory oversight helps protect you from scams and gives you access to robust safeguards like negative balance protection and jurisdictional restrictions on leverage. Kickstart your trading journey with Vantage’s free online trading courses.
Popular Forex Guides
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. In terms of the look and feel, I personally find trading on this software a more enjoyable experience than MT4 and MT5. The default dark mode workspace is easier on the eye, especially when layering color-coded indicators and graphical objects.
- Never had a real issue with Vantage, until I tried to contact support for a trade that I believe was executed incorrectly.
- Every signal provider can offer up to 10 distinct strategies, each tailored to different trading styles and objectives.
- As expected, wire transfers are processed within 1 – 2 business days for domestic transfers and 2 – 5 business days for international transfers.
- Experienced copy traders who deposit $2,000 can copy up to 12 strategies in the DupliTrade platform.
- Leverage on the volatility of the largest stock market indices in the world like SP500, DAX, NAS100, and DJ30.
Is Vantage Trustworthy?
CFDs and Spread Bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.5% 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. The information in this website is general in nature and doesn’t take into account your or your client’s personal objectives, financial circumstances, or needs.
SOFT COMMODITIES
Trade gold and silver, the world’s most popular precious limefx broker reviews metals, which have historically been used as a hedge against inflation and a store of value during uncertain economic times. Buy or sell the world’s most highly traded precious metals — gold and silver.
Both MT4 and MT5 facilitate the four key types of order (market order, pending order, stop loss, and take profit). These are instructions to your brokerage for when to open and close orders. Looking at the negatives, the user experience of the client dashboard isn’t as seamless as other brokers in my view. MT4 and MT5 are hugely popular trading terminals that offer powerful charting tools and customizable layouts. Since both platforms are strikingly similar, I found it useful to compare them side by side in the categories below.
Start trading popular ETFs like the SPDR S&P 500 ETF and Invesco QQQ Trust. Learn all about trading with Vantage Academy and get the latest financial news plus in-depth market analysis. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Never had a real issue with Vantage, until I tried to contact support for a trade that I believe was executed incorrectly. I have reached out multiple times, and never had a single response.I will happily change my rating once my issue is resolved. While the broker’s research and educational offerings continue to expand, Vantage has a ways to go if it wants to compete with the best brokers in those categories.
Yes, Vantage is a legitimate broker that is authorized by multiple regulators, including the ASIC and FCA. There’s no evidence of scams or malpractice based on my research and the broker segregates client money and offers negative balance protection, so you can’t lose more than your deposit. For beginner traders, I appreciate the low $50 minimum deposit, unlimited demo account and selection of educational materials. The in-house platform is easy to use and there are hundreds of popular assets to trade. Help is available via live chat, email or telephone, with waiting times for responses scoring very well. To measure the quality and speed of customer service at Vantage, I tested the live chat feature by asking several trading-based questions at different times of the day.
I have been particularly impressed with the comprehensive range of third-party social trading platforms, including Myfxbook and ZuluTrade. I also like that all accounts are compatible with the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as the broker’s full range of assets. This ensures that beginners won’t miss out on the opportunity to trade on the same platforms as experienced traders. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Vantage also has an entity that holds regulatory status with the Cayman Islands Monetary Authority (CIMA), and by the Vanuatu Financial Services Commission (VFSC) in Vanuatu. Yes, based on your detected country of BG, you can open an account with this broker. Leading multi-asset CFD broker, Vantage Markets (or “Vantage”), marks its 15th anniversary today, celebrating 15 years of innovating the ultimate… I especially like that you can join discussions within a community feed which allows users to learn how to trade in a hands-on yet engaging environment. 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.
The time I needed help, it a bit more time, like 2 to 3 hours before I was attended to.Otherwise, I have no issue. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
In addition, the VPS and access to the MetaTrader software will serve algo traders. Based on my first-hand Lime Fx review, the firm is an excellent choice for traders looking for low fees, best-in-class tools and a range of global markets. Importantly, as you can see from my comparison of other brokers below, Vantage also holds its own in terms of access to the best trading platforms. The $1.50 commission per side per lot in the Pro ECN account is particularly competitive, though note that this comes with limefx forex broker a $10,000 minimum deposit and is therefore best for active, high-volume traders.
There is also an excellent selection of copy trading platforms, though past performance is no guarantee of future performance. 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. This isn’t really a major drawback for me as I prefer the wide-screen functionality that you get on the desktop and web platforms. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.
Soft commodities refer to commodities that are grown rather than mined. When trading soft commodities CFDs, traders will have to consider factors including weather conditions, global demand, and geopolitical events that impact their production. But when I asked where I could check that, they did not told me where I could see a list for which withdrawal options for which regions are available. Vantage does not offer a comprehensive range of educational resources for traders, putting it at a disadvantage against brokers that make education a priority, such as CMC Markets or City Index. Vantage’s research is sourced primarily from third-party content providers such as Trading Central, and it lacks substantial in-house content. Considering the quality and depth of research that is made available by the best forex brokers such as IG, Saxo, and CMC Markets, there remains considerable room for Vantage to improve in this category.
Leverage on the volatility of the largest stock market indices in the world like SP500, DAX, NAS100, and DJ30. Steven Hatzakis is the Global Director of 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.