Vantage Review 2024: Pros & Cons
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. Importantly, I was very pleased to see that there is no time limit on the demo mode, which is good compared to most online brokers who automatically close paper trading accounts after 30 or 60 days. This ultimately means aspiring investors will always have access to a risk-free environment to test trading systems. Vantage offers a broad range of energy commodities, providing traders with access to the highly liquid global energy markets.
- No, Vantage is an ECN/STP broker, which means it sources quotes from several external liquidity providers with no dealing desk intervention.
- During my testing, I was pleased that I could view complete historical data of all available strategy providers, which helped give me peace of mind when choosing who to follow.
- The default dark mode workspace is easier on the eye, especially when layering color-coded indicators and graphical objects.
- Trade gold and silver, the world’s most popular precious metals, which have historically been used as a hedge against inflation and a store of value during uncertain economic times.
SOFT COMMODITIES
If you have traded with Vantage we would really like to know about your experience – please submit your own review. Compare the markets and instruments offered by Vantage and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Nonetheless, the client area does include the TradingView-powered sentiment indicators which are very useful.
Mobile App
Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. If you have experience trading with Vantage please share your personal review of the broker and what you think are strong and weak points. Spreads are super tight, execution is fast and reliable, platform is great. This average customer rating is based on 3 Vantage customer reviews submitted by our visitors. Compare Vantage with the top 3 similar brokers that accept traders from your location.
As you can see from my comparison table below, Vantage stands up well against top competitors when it comes to available payment methods. As you can see from my comparison table below, Vantage stands up well against two of the most tightly regulated brokers in the industry, Pepperstone and AvaTrade. I have to consider whether I can put my trust in each broker I review. Thankfully, Vantage gets an easy seal of approval and a very high trust score from me.
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. Vantage offers a strong suite of trading instruments, with 1000+ CFDs spanning forex, stocks, commodities, indices, bonds and ETFs.
Bonuses & Promotions
To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process.
I received helpful and friendly responses to my queries within 1 minute each time. The MetaTrader platforms come with some of the most comprehensive libraries of technical indicators and drawing tools. 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. The minimum deposit is pretty steep at $10,000 – more than other pro-level accounts I have reviewed. The Standard STP account is my pick for beginners – commission-free trading is available with floating spreads from 1.0 pip. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
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. Based on my tests during normal trading hours, the Standard Account offers an indicative spread of 1.4 pips on the EUR/USD, which is reasonable though not the lowest. With that said, the commission-free trading model will serve new traders looking for straightforward pricing. 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.
Yes, Vantage offers a decent mobile app which offers access to account management features and trading tools whilst on the move. The application allows you to place trades, follow market news and create watchlists, but I learned that it isn’t the best for serious charting and technical analysis. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. It also offers its own proprietary Vantage app, which – despite the added distraction of in-app ads – shows real promise as a trading platform.
The best part for me is that both MT4 and MT5 follow the same design, which means there is virtually no learning curve for those who switch from one platform to the other. 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. There is also a deposit bonus scheme where you can earn a 50% credit bonus on deposit amounts from $500 up to $196,000+. 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. ZuluTrade is a good copy trading platform for beginners since it only requires $200. The tool allows you to follow other strategies in a user-friendly dashboard. 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.
This makes Vantage a good option for global traders and those with less starting capital. As a globally recognised multi-award-winning CFD broker, we pride ourselves on striving for excellence in what we do, and providing the best trading experience to all our clients. 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.
I think Vantage could improve its education by introducing more interactive learning materials such as courses with quizzes or progress trackers. These would make the resources more engaging, especially for beginners. Overall, beginners and intermediate traders should find plenty of resources at Vantage, though I would say that the selection is not as comprehensive as other brands like IG. 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. During my testing, I was pleased that I could view complete historical data of all available strategy providers, which helped give me peace of mind when choosing who to follow.
There are excellent diversification opportunities, especially the bond limefx scam and ETF offerings, which aren’t available at many alternatives based on testing. Again, Vantage doesn’t charge any internal fees for withdrawals, which is a positive if you make regular withdrawals. You can invest in the likes of Tesla, Netflix, Meta, and other listed companies through shares CFD. Get access to international share markets including US, Europe, Australia and Asia.
Vantage’s wide range of trading platforms
Trade the world’s most popular forex and currency pairs with a trusted forex broker. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. By the Financial Conduct Authority (FCA) under Vantage Global limefx broker reviews Prime LLP, for institutional clients.