Vantage Review 2024: Pros & Cons
With one simple MetaTrader 4 login, you will be able to access your MT4 trading account anywhere, anytime. Serious algo traders will appreciate the virtual private server (VPS) https://limefx.group/ which is available with a $1,000 deposit. In addition to copy trading features, Myfxbook Autotrade offers journal features where you can keep track of your trading history.
- He has many years of experience in the financial sector and honestly admits that he is in love with his job.
- Thankfully, Vantage gets an easy seal of approval and a very high trust score from me.
- For those who are looking to learn as they go, Vantage offers a dedicated Academy packed with market analysis articles, trading guides, platform tutorials and webinars.
Can I trust Lime Fx?
With that said, the commission-free trading model will serve new traders looking for straightforward pricing. My assessment found that fees at Vantage are competitive, especially in the higher account tiers. 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. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.
Forex trading from 0.0 pips
Our broker ratings are also informed by the experience of our researchers during the evaluation process. Vantage rounds out its MetaTrader platform suite offering with support for multiple social trading platforms, content powered by Trading Central and a proprietary mobile app. However, Vantage trails industry leaders in key areas such as research and education.
Which trading platform is better: Lime Fx or Vantage?
I also compare Vantage to alternatives and explain what could be improved. Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly. 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.
Non-Trading Fees
Based on our thorough, data-driven testing of each broker’s commissions and fees, we found that FOREX.com offers better pricing overall for traders. FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader. Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to over 900,000 clients.
During my testing, I was pleased to see a strong range of 12 chart types and 8 time frames, plus 100+ technical indicators and over 50 drawing tools. However, this is standard practice and Islamic accounts avoid this charge, though an admin fee is levied instead. I was pleased to find no deposit or withdrawal charges, keeping costs down.
Compare Trading Instruments
As you can see from my comparison of suitable alternatives below, Vantage rivals popular brokers when it comes to the breadth of markets. There are excellent diversification opportunities, especially the bond and ETF offerings, which aren’t available at many alternatives based on testing. As expected, wire transfers are processed within 1 – 2 business days for domestic transfers and 2 – 5 business days for international transfers. As for licensing, I’m glad to see that many clients will be registered under tier-one-regulated entities. Choosing a broker that is licensed by a trustworthy regulator should be a top priority.
You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Copy traders will also appreciate the range of social trading tools. It also offers its own proprietary Vantage app, which – despite the added distraction of in-app ads – shows real promise as a trading platform. 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.
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. 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. Is our leading content maker and head of the content department. For Adam, trading is not only a job but also a passion for more than 5 years.
Additionally, I didn’t find a history of scams or malpractice at Vantage during my research. Steven Hatzakis is the Global Director of 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 limefx scammers industry. 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.