Professional traders and money managers also have the option of the Pro ECN Account. This limefx website offers some of the lowest pricing around, with spreads from 0.0 pips and commissions from $1.50 per side. You can get daily market updates from the brokers website with charts and technical/fundamental analysis to help inspire trade ideas. Make smarter trading decisions and find key price levels by taking advantage of the Vantage Forex calculators. While retaining the familiar look and feel of MT4, MetaTrader 5 truly is a next generation Forex trading platform. Trading on MetaTrader 5 with your Vantage account can help you to gain your trading edge.
I think it is a great addition that every broker should offer to clients. You can customise it according to your own strategy and automatically scan thousands of instruments for possible signals. There is no need to sit around watching charts all day when you have a tool that will do all of the leg work for you. Libertex also have Trading Central if you want to consider an alternative option.
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Supported funding methods include bank wire transfer, credit/debit card, Neteller, Skrill, AstroPay, FasaPay and broker-to-broker transfer. The firm’s membership with the Financial Commission and Compensation Fund is also a good sign. This protects clients with a maximum compensation of 20,000 EUR in the case of an unresolved dispute with the broker.
- Those with Islamic accounts should note that an administration fee is charged in place of a swap fee.
- Help is available via live chat, email or telephone, with waiting times for responses scoring very well.
- Ultimately, this means Australian and UK clients will get the best regulatory coverage.
- Although not as extensive as some competitors such as eToro, the varied collection of resources mean we can recommend the broker to beginners looking to learn more about forex trading.
I like that they have a reasonable selection of trading instruments across multi-asset classes but think they could perhaps add some more. That being said, you will find most of popular assets available to trade with accounts that have low spreads and no commission fees. If you are a beginner than there is a limited amount of educational content for you to peruse at your leisure. Finally, you can choose from a convenient selection of funding options but crypto funding is not yet supported. With Vantage Markets, traders will experience super-fast trade execution, as well as interbank grade and RAW ECN spreads. When combined, these elements offer clients a true institutional trading experience, across a wide range of trading instruments.
Customer support rate
The best part is that you only need $50 to access raw spreads in the ECN account, but there are commissions to be aware of. I want to stress that while high leverage can boost potential profits, it can also cause significant losses. I strongly recommend employing risk management tools such as stop-loss orders. 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. When I used Vantage, I found that clients registering with the offshore entity can access several bonus deals and promotional offers. I appreciate that there is no minimum transaction on credit card and international bank transfer withdrawals but there are minimums on most other methods starting from $0.01 for Perfect Money.
Payment Methods
Vantage have a sentiment page that displays the percentage of buy and sell positions of clients. Sentiment analysis can be used alongside technical and limefx scammers fundamental analysis as part of a trader’s overall market analysis. Vantage have teamed up with MetaQuotes to provide you with free access to a large number of MT4 signals.
Once verified the funds will be transferred to your account almost immediately in the case of e-wallets and within five days if you send funds by wire transfer. Based on our assessment – the ECN account is the best option if you are an active forex trader looking for the lowest fees. Vantage was launched in 2009 and has established itself as a reputable global forex broker based in Sydney, Australia. The academy includes specific categories allowing you to cycle through forex articles, webinars and online educational resources easily from the broker’s website. For traders interested in precision charting, or that don’t like the MetaTrader suite, I would opt for ProTrader. Both platforms offer algorithmic trading robots, known as Expert Advisors (EAs), that can be used for automated trading strategies.
The firm’s notable reputation is also reinforced by its collection of prestigious awards. Additionally, I didn’t find a history of scams or malpractice at Vantage during my research. On the downside, our team do highlight that the VFSC is not a well-regarded regulator and the FSCA is not on the same level as the ASIC or FCA. Ultimately, this means Australian and UK clients will get the best regulatory coverage. Opening hours for each asset can be found in the respective instrument section on the broker’s website.
I appreciate how they take regulation very seriously and aim to provide a transparent and safe trading environment to all clients whatever their experience level or investment size. If regulation is important to you, Forex.com are also very well regulated. This is fanastic if you are a scalper who needs the lowest possible spreads at all times. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Help is available via live chat, email or telephone, with waiting times for responses scoring very well.
How To Open An Account
The Standard STP account is aimed towards traders who want direct market access and prefer higher spreads and no commissions. The minimum deposit required is $200 with variable spreads starting from 1.4 pips. An expert advisor (EA) is an automated trading system that runs on charts in the MT4 trading platform. They can analyse the markets for trading opportunities and place, manage and close trades automatically. Vantage MT4 users can gain access to thousands of EA’s from within the MT4 markets tab. There are reviews and statistics of these EA’s although it should be noted that past performance is by no means any guarantee at all of future results.
This service can also be accessed for free once you have deposited at least $1000 in your account as the broker will refund the cost of your chosen VPS up to $50. This gives traders the added flexibility to choose their own VPS provider. 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. Our experts are also reassured that this broker segregates client funds from business capital with an AA-rated bank, which should provide peace of mind for traders.
Overall, Vantage is a multi-regulated CFD broker with a great choice of industry leading platforms and very powerful trading tools. There is everything you would need to conduct professional market analysis. You can copy other traders, develop your own strategies and run automated systems.
Since its inception in 2009 Vantage has been in the business of providing institutional trading conditions to retail clients around the world in a transparent true ECN/STP environment. Vantage offers access to more than a hundred trading instruments on various asset classes such as stocks, indices, energies, cryptocurrencies, commodities, and ETFs. It provides a trusted trading ecosystem that enables clients to achieve their own success, in a faster and simpler manner. You can quickly and easily open an online trading account with Vantage with a minimum deposit requirement of $200. Furthermore, the broker also offers free demo accounts if you wish to practice trading online with virtual funds before making an investment. Vantage is a multi-regulated ECN broker with powerful trading platforms and account types to suit different trader needs.
The ability to customise charts using chart studies and indicators is unmatched, with literally tens of thousands of options for Forex traders to choose from. This means that no matter your trading style or system, the MT4 platform has a custom charting option exactly for you. The platform becomes even more powerful once it is connected to the brokers deep FX liquidity pools via the custom made oneZero™ MT4 Bridge.