This includes a ‘refer a friend’ scheme, an active trade programme, a 50% deposit bonus, and a rebate scheme. The ‘refer a friend’ scheme is potentially lucrative and gives you the opportunity to earn a $150 bonus for every successful referral – this also gives them a $100 sign-up bonus. The active trader promotion offers users who open a Standard STP account funded by at least $10,000 the opportunity to earn bonuses based on their account activity. The welcome bonus provides a bonus of 50% on deposits of up to $500 for users signing up to the Vantage account. Vantage clearly takes customer satisfaction and loyalty very seriously, as these bonus schemes are among the best we have come across. These rate strongly in the broker’s favour and come highly recommended.

Is Vantage A Good Or Bad Forex Broker?

Before making any trading related decision, contact a local professional financial advisor. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters.

The Trustpilot Experience

This resource is invaluable for new traders who may need extra guidance. In particular, the provider is recommended for traders who want transparent and secure trading. You must deposit https://limefx.name/ at least $ 500 for the RAW ECN account and at least $ 20,000 for the PRO ECN account. The capitalization of the trading account is elementary and works through proven methods.

More than 3 million users choose Vantage

The MetaTrader has already been tested many times and is highly developed. Our tests and experiences confirm this because we like to use the MetaTrader ourselves. In the following section, we will introduce you to the features and functions of the trading platform. This can only be said of some brokers and is very difficult to recognize, especially for beginners. The strengths of Vantage Markets are transparent order execution and liquidity delivery.

• When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage.
• I personally like the ECN account as it has the lowest spreads and commissions combined.
• One minor drawback is the limited access to popular cryptos like Bitcoin.
• There is everything you would need to conduct professional market analysis.

What Can You Trade With Vantage?

All funds deposited into your trading account must be under the same name as your Vantage trading account. Vantage clients also get free access to some exclusive MT4 indicators from Trading Central. These indicators can be used as part of an existing trading strategy and to compliment the built in MT4 indicators.

For us, the fee rebates and perks through V-points will be the most useful for active traders. The downside is the minimum deposit of $2000 which might be out of reach for traders on a budget, but it is a handy and easy-to-use addition to the toolkit of those who do have the necessary funds. The Standard account is not quite as competitive, though typical spreads are still tighter than average and provide good value for forex traders. While using the Standard account, I got spreads of 1.4 on EUR/USD and 1.6 on GBP/USD. Professional traders and money managers also have the option of the Pro ECN Account.

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. This is because I can get quick access to my funds which may be important if I am looking to take advantage of some market news and need to act quickly. If I had to wait around days for a bank transfer to clear, then the opportunity may have passed me by. If you sign up to one of their preferred VPS partners and trade a minimum of 10 standard lots per round turn per month then you are eligible for the free VPS service.

It is a better fit for casual traders who will appreciate the custom watchlists and news updates. MT4 is better suited to beginners while more experienced traders will appreciate the additional analysis tools, pending orders and faster processing speeds of MT5. Here, the processes involved are fully automated with no manual input, with orders being routed directly to a liquidity pool.

As well as providing analytical tools and complete control over copied trades, it can also act as an automated trading journal by tracking and analyzing your trading history. This is a really great function that sets this tool apart from other copy trading apps. We also note that withdrawals are only processed Monday to Friday, so traders should be aware of this when requesting funds.

This makes XTB one of the safest brokers in the world, so you can’t go wrong with them. It is also worth mentioning Vantage Markets has some of the lowest fees on the market, and if this is an essential aspect for you, then this broker is one of the best options worldwide. The demo account is the best way to practice trading and improve investment results.

The MT4 platform offers Forex traders the most powerful charting platform on the market. Widely accepted as the industry benchmark in retail Forex trading platforms, MT4 is by far the most popular platform for charting out there today. In addition to a web-based platform, the broker supports the MetaTrader 4 and MetaTrader 5 platforms and a proprietary mobile trading app. This iOS and Android compatible app can handle every account function from onboarding and funding balances to news access and trade execution. To provide each trader type with an account that matches their needs, Vantage offers a varied pricing and fee schedule depending on user priorities.

I noticed that the only distinction between the three account types, except for the minimum deposit requirements, are the pricing mechanisms for the three. In terms of value, the Professional account undoubtedly offers the best conditions – raw spreads and low commission. However, the high minimum deposit requirement can be too costly for some traders to start.

However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection. Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid. That is why traders need to familiarize themselves with the safety limefx forex broker mechanisms ensured by the entity they want to open an account with beforehand. Vantage is a highly-rated forex broker with a good variety of assets, useful tools and low fees. However, there is no guarantee of making money when trading forex online regardless of the broker you trade with.