Vantage: A Regulated Forex Trading Brokers Review 2024
It facilitates technical analysis by providing an overview of price action behavior. Chart artists use many analytical tools and chart configuration possibilities to examine it from multiple angles. In my experience, the really important aspect of a chart is how easy it is to scale price action up and down. Deposits and withdrawals are cost-free with Vantage, though third-party banking fees may apply depending on the chosen payment method.
What Can You Trade With Vantage?
- Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
- With its affordable prices and a selection of over 50 lower-risk securities, I assess Vantage to be a great choice for day traders and position traders.
- Founded in 2009, Vantage is the brainchild of a highly specialised team with backgrounds in finance, forex trading and fintech.
- You should take into consideration several factors, such as whether the account type has a minimum deposit requirement, its spreads and commissions, the execution method, and more.
- Vantage is a no-dealing desk trader and offers STP and ECN forex trading accounts.
A full list of fees is readily available and easily accessed via the homepage – simply click on the payment options icon at the bottom right-hand corner of the homepage. In our experience, both deposits and withdrawals to the platform are processed quickly with minimal delay. When compared to the industry averages, Vantage has a reasonably competitive system of fees and commissions in place. The fees you get charged on trades will vary depending on which of the three account types you have, with the Standard STP account offering zero-commission trades. The Raw ECN account and the Pro ECN account provide trades at $3 and $2 per trade (each way), respectively.
I recommend the Raw ECN or Pro ECN accounts, as these offer ultra-tight spreads. The availability of the MetaTrader platforms and VPS also means that active day traders using automated systems are catered for. Looking at the downsides for day trading, execution speeds at Vantage aren’t the fastest. Beware of Vantage PAMM account Manager user name is “Steady Growth” limefx scammers he’s amateur trader under Kaltoire Group on myfxbook.
I was pleased to find no deposit or withdrawal charges, keeping costs down. There are also no inactivity fees, which is a bonus for casual investors. For example, traders can earn V-points in the Vantage Rewards scheme which can be redeemed for cash, deposit rebate vouchers, lucky draws, profit boosters and more. I have no complaints about the wide range of funding methods at Vantage, with plenty of accessible options for global clients.
Bonuses & Promotions
It operates under multiple regulatory bodies, ensuring a secure trading environment for its clients. While the limefx forex broker number of tradeable symbols is below the industry average of 3,623, it still provides a diverse range of trading options. While Vantage does provide an array of educational resources from videos to written content, most of it leaves much to be desired in terms of quality.
Top 5 Brokers
There are many more problems but I don’t have time and energi to go through. Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money.
Learn to Trade
The broker offers a demo account for beginners or those looking to test their trading strategies in a risk-free environment. This allows you to familiarise yourself with their trading platforms and tools without putting your capital at stake. Apart from the standard platforms, Vantage also integrates with multiple social trading platforms and offers analysis tools powered by Trading Central. This assists you in making well-informed decisions and maximising your trading opportunities. 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.