I’m confident that both beginners and experienced traders will be catered to when it comes to charting and analysis tools. The $1.50 commission per side per lot in the Pro ECN account is particularly competitive, though note that this comes with a $10,000 minimum deposit and is therefore best for active, high-volume traders. I feel the Vantage Rewards scheme will be most valuable for active traders, though I strongly urge traders to approach any financial incentives with caution. I’ve been particularly impressed with the wide range of up to 10 base currencies in the Standard and RAW accounts and the accessible $50 minimum deposit. This makes Vantage a good option for global traders and those with less starting capital. Considering the negatives, though, it is a shame that the broker’s global entity, Vantage Global Limited, is regulated offshore by the Vanuatu Financial Services Commission (VFSC).
Pros and Cons
I received helpful and friendly responses limefx to my queries within 1 minute each time. 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. Another thing that stands out for me is the level of customizability that I get with the MetaTrader suite.
Additional account options include joint accounts, company trading accounts and trust trading accounts (either as individuals or as a partnership). There are also professional accounts with increased leverage, but fewer safeguards. The Standard STP account is my pick for beginners – commission-free trading is available with floating spreads from 1.0 pip. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
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Read our full explanation and accounting of our research and testing process to learn more about how we test. Yes, based on your detected country of UA, you can open an account with this broker. If you have traded with Vantage we would really like to know about your experience – please submit your own review. This average customer rating is based on 3 Vantage customer reviews submitted by our visitors. There is also a comprehensive FAQ section which covers most of the key topics. After signing in to the ProTrader platform, the sleek interface is instantly recognizable for me as the platform is powered by the market-leading TradingView.
Does Vantage Offer A Good Mobile App?
All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive limefx official site compensation from the brands or services mentioned on this website. Spreads are super tight, execution is fast and reliable, platform is great.
- As you can see from my comparison of suitable alternatives below, Vantage rivals popular brokers when it comes to the breadth of markets.
- Start trading popular ETFs like the SPDR S&P 500 ETF and Invesco QQQ Trust.
- Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
- I have been particularly impressed with the comprehensive range of third-party social trading platforms, including Myfxbook and ZuluTrade.
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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Similarly, ProTrader users can also access a range of tools for just a $200 minimum deposit, making this a more accessible option for newer traders looking to upgrade their package. My favorites are the Market Buzz AI news tool and the Analyst Views feed with live trade set-ups. The platform’s social trading features allow you to build a following and earn commissions on copied trades. I found that there are five levels (Explorer to Legend), with better returns as you attract more traders.