Support is available 24/7, providing amongst the best coverage available on the market thanks to the broker’s live chat, telephone hotline and email contact options. We are also pleased to find that the $1000 minimum deposit is considerably less than the amounts required to access free VPS services from some rivals. This uses an external server to manage trading connectivity meaning your account is https://worldtradex.space/ running without the downtime caused by computer problems. One thing that I think works very well is the gamification of this application, with benefits and commission earned from the program scaling up depending on your success. In particular, Vantage stands out for its choice of copy trading platforms, with multiple in-house and third-party solutions.
Is Vantage Good For Beginners?
- In this Vantage review, I share the key findings from my comprehensive assessment of the broker.
- Our reviews cover a broad spectrum of factors, including regulatory compliance, asset diversity, trading conditions, and user experience.
- Vantage is considered safe due to its regulation by reputable authorities and its commitment to keeping client funds in segregated accounts with top-tier banks.
- Past performance is not indicative of future results, and no trading strategy can guarantee returns.
For an alternative trading experience, I think the ProTrader is a compelling option. It features a modernized interface with an impressive suite of technical tools. 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.
Vantage’s Customer Service
Vantage offers highly competitive spreads, especially for major forex pairs. Spreads can be as low as 0.0 pips on RAW ECN accounts, which is a significant advantage for high-frequency traders. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
Desktop Trading Platform
We recognize our obligations in updating and expanding this program to meet the requirements of GDPR. FxScouts is dedicated to safeguarding the personal information under our control and in maintaining a system that meets our obligations under the new regulations. For the purposes of this review, we found customer support via live chat extremely responsive and polite. Vantage’s educational materials are comprehensive and well-presented, but not as good as the best Forex brokers in this space. Vantage’s in-house app features a clean, modern look and is user-friendly – and we really enjoyed using it. Setting up an account is easy, and if you need assistance, a tutorial is available to help.
Be aware that Vantage’s financial instruments are somewhat limited compared to other similar brokers. ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers. Before making any trading related decision, contact a local professional financial advisor. However, we do note that negative balance protection is not automatically applied by the broker’s offshore entity.
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 received helpful and friendly responses to my queries within 1 minute each time. Nonetheless, the client area does include the TradingView-powered sentiment indicators which are very useful.
All traders are verified and their track record is assessed before being added to the site and low-performing accounts are not available for copy trading. This allows users to feel secure that they are mirroring knowledgeable and experienced traders. Every broker review undergoes a rigorous self-testing process, where our analysts actively trade on the platforms under review. This hands-on approach allows us to assess the broker’s performance across key areas such as execution quality, platform usability, fee structures, and customer support. By engaging with the platforms ourselves, we provide insights that are both practical and trustworthy. Vantage offers comprehensive customer support designed to assist traders at every stage of their trading journey.
Costs may be higher in the long run, but this will suit traders looking for zero commissions and competitive spreads. 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. These types of instruments allow you to go long or short on currencies. CFDs can also be traded with leverage which increases trading power but also risk.
There is also an excellent selection of copy trading platforms, though past performance is no guarantee of future performance. 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. While I rate the competitive ECN accounts, I think it’s a shame that some serious traders will miss out on the best trading conditions in the Pro ECN solution.
I have no complaints about the wide range of funding methods at Vantage, with plenty of accessible options for global clients. I can deposit using bank wire transfers, credit/debit cards and e-wallets such as Skrill, Neteller and AstroPay. As you can see from my comparison table below, Vantage stands up well against top competitors when it comes to available payment methods. I’ve been particularly impressed with the wide range of up to 10 base currencies in the Standard and RAW accounts and the accessible $50 minimum deposit. This makes Vantage a good option for global traders and those with less starting capital.
Submit Your Own Review of Vantage
No inactivity fees are charged by Vantage, which is an advantage over rivals like Admiral Markets and IG Index. This is good news for casual traders who don’t need to worry about being stung for not trading for a few months. The Standard STP account offers commission-free trading with spreads from 1.0, while the Raw ECN account has lower spreads from 0.0 pips with a commission of $3 per lot per side. MarketBulls operates with complete transparency, ensuring that all reviews are unbiased and free from external influence. We disclose any potential conflicts of interest and maintain objectivity throughout our review process. Our goal is to empower traders with information that helps them make informed decisions tailored to their specific trading needs.
From articles, to educational webinars, videos, and courses; you name it, we’ll have it. Leverage on the volatility of the largest stock market indices in the world like SP500, DAX, NAS100, and DJ30. Trade the world’s most popular forex and currency pairs with a trusted forex broker. 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. Read our full explanation and accounting of our research and testing process to learn more about how we test.
By the Financial Conduct Authority (FCA) under Vantage Global Prime LLP, for institutional clients. 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. 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. 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. FxScouts is committed to ensuring protection of all personal information that we hold, and to provide and to protect all such data.
This isn’t really a major drawback for me as I prefer the wide-screen functionality that https://worldtradex.site/ you get on the desktop and web platforms. The MetaTrader platforms come with some of the most comprehensive libraries of technical indicators and drawing tools. This ultimately means aspiring investors will always have access to a risk-free environment to test trading systems.