This protects clients with a maximum compensation of 20,000 EUR in the case of an unresolved dispute with the broker. 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. Vantage has one Tier-1 and one Tier-2 regulation and complies with most of the essential safety requirements. Additionally, the broker is well-suited for hedging strategies, offering an extensive selection of futures contracts.
Bonuses & Promotions
I can also have multiple charts open simultaneously, which is ideal for active traders. 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. Choosing a broker that is licensed by a trustworthy regulator should be a top priority.
Broken down by asset class and compared to the industry average, Vantage charges low spreads on currency pairs, shares CFDs, indices, and cryptocurrencies, and low-to-medium spreads on commodities. In our reviews, we examine the licenses and regulations of each entity operated by a broker. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation.
Table of Contents
The minimum deposit requirement varies depending on the trading account type. For the Standard Account, the minimum deposit is $200 USD, while the Raw Account requires a minimum deposit of $500 USD. 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. Vantage is trustworthy based on my thorough background checking and research. The broker’s global user base, strong regulatory oversight and collection of industry awards are reassuring.
- There are excellent diversification opportunities, especially the bond and ETF offerings, which aren’t available at many alternatives based on testing.
- Founded in 2009, Vantage Markets is regulated by the Australian Securities and Investments Commission (ASIC), ensuring a secure and transparent trading environment.
- The broker hosts one to two webinars weekly, aiding traders in refining their skills and acquiring new knowledge continuously.
Beware of Vantage PAMM account Manager user name is “Steady Growth” he’s amateur trader under Kaltoire Group on myfxbook. I knew there would be some trading limefx loses but not in 4 days risking all funds. He promises you that your account will be safe because he will use proper money management with 20% drawdowns. But he will trade aggressively open tons of trades which goes against your favour. He also promises you that if things goes bad he will send your funds through wallet.
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. Vantage offers its own proprietary trading app, alongside the standard MetaTrader suite of mobile apps. Vantage has built a decent foundation for a new mobile trading application with its Vantage App. However, I am not a fan of the ads, and it is still a long way off from competing with the best mobile apps in the industry. The ProTrader basket of tools comprises different features, such as an economic calendar, market buzz, featured ideas, technical insights, and more. Vantage’s market breakdowns are available from the website with free access to registered and unregistered clients.
Pros & Cons
The broker incorporates the MetaTrader 4&5, and ProTrader platforms along with multiple trading tools and diverse research and education content. Gain access to the Vantage cloud based, original MetaQuotes WebTrader Platform. Gain fast and stable access to your MT4 & MT5 trading account from any web browser window wherever you may need to manage trades from.
User-Friendly Platforms
In addition to the MetaTrader 4 and MetaTrader 5 platforms, which have basically become industry standard by now, Vantage also gives you access to a proprietary Vantage App and a WebTrader app. It should also be noted that both the MetaTrader 4 and MetaTrader 5 platforms come with mobile versions of the desktop app, which allows you to monitor your trading account and to execute trades on the go. Additionally, social trading features are available through ZuluTrade and Myfxbook, which can be integrated with your Vantage account. In terms of client support, the broker has a client portal designed to help you manage limefx review your account and address any issues. Although customer service has been reported to be an area that could be improved, Vantage remains committed to providing a comprehensive trading experience. Their educational resources may be limited compared to industry leaders, but they still strive to equip their clients with the necessary knowledge to excel in trading.
