Vantage Markets Review: Is Vantage Markets A Good Broker For You?

The principles of openness, fairness, and justice for individual traders are upheld by our organization. Because markets move 24 hours a day, 5 days a week the broker understands how important it is for Forex traders to be able to access the market anywhere, anytime. If you choose to open a Vantage trading account, you will be able to trade energy markets on MT4 or MT5 with ease.

MetaTrader 5 Platform

Like many other brokers, Vantage Markets offers MetaTrader 4 and 5 as trading platforms. 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. Eight different base currencies are available for the trading account, and an Islamic account version is adjustable.

Account Information

That means no time is spent redirecting your approach if you are looking for information on tech issues, partnerships, or complaints. Our Vantage review involved testing the MetaTrader MT4 WebTrader platform. We booked test trades in AUDCHF and AUDJPY and set the screen display to different background settings. MT5 is obviously an upgrade from MT4, but still, it is slightly less popular than its successful predecessor. Those looking for better and easier ways to create personalised technical indicators and experts will certainly appreciate the improvements made by MT5.

Instruments Traded

As such, it is quite clear that Vantage takes its regulatory obligations seriously, making this broker one of the safest around. Currently, the National Australia Bank acts as its custodian bank and it is regulated by the Cayman Island Monetary Authority (CIMA). Additionally, it also has indemnity insurance, meaning that user accounts and deposits are afforded a very high level of protection. It is essential to bear in mind that each investment has inherent risks and to consistently do thorough research and analysis. Several screenshots have been collected from the reputable website, scamadviser.com, providing more evidence to support these assertions.

Are there any additional security measures Vantage Markets takes to protect against market volatility?

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). The VFSC is not a highly respected authority and does not offer the same degree of protection for retail traders in my view. The ProTrader platform links up with the highly regarded TradingView platform. The account number needed to access https://limefx.biz/ this dashboard is emailed to new users who, once logged in, can take advantage of a range of powerful software tools and indicators. The final platform option is the Vantage app, which combines user-friendly functionality with access to hundreds of forex pairs, commodities, indices, and stock CFDs. Ongoing management of accounts and cash transfers is performed by visiting the home page of the trading platform.

In addition, their risk declarations are clear, providing clients with information about trading risks and negative balance protection to prevent losses in the event of excessive market volatility. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. limefx reviews You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time. In particular, the provider is recommended for traders who want transparent and secure trading.

1. There are also professional accounts with increased leverage, but fewer safeguards.
2. After the latter complained about it online, the broker allegedly offered to make the payment if he removed the said complaint – thus effectively holding his money hostage.
3. The minimum deposit is pretty steep at $10,000 – more than other pro-level accounts I have reviewed.
4. Founded in 2009, the broker’s long history is a great sign of a well-established business with strong credentials.

As expected, wire transfers are processed within 1 – 2 business days for domestic transfers and 2 – 5 business days for international transfers. I have to consider whether I can put my trust in each broker I review. Thankfully, Vantage gets an easy seal of approval and a very high trust score from me. Choosing a broker that is licensed by a trustworthy regulator should be a top priority. Strong regulatory oversight helps protect you from scams and gives you access to robust safeguards like negative balance protection and jurisdictional restrictions on leverage.

Our broker ratings are also informed by the experience of our researchers during the evaluation process. Whichever base currency you choose, a wide range of payment options are available, including bank transfer, credit/debit cards, and e-payment service providers. Wire transfers can take 2-5 days to complete, but during our testing, deposits made using cards were, as stated by the broker, credited to our trading account instantly. Those using AstroPay, Neteller, and Skrill will also see funds credited almost immediately and no charges are applied by the broker on transfers using those services. Gain instant access to the world’s most liquid Stock Exchange Indices through your MT4 and MT5 trading platforms.

Experienced traders will also appreciate the free forex VPS, as well as various advanced plugins for the MetaTrader and ProTrader platforms. Whilst you clearly won’t get the same experience as the desktop platform, you will get an abundance of real-time data and forex market research straight from the palm of your hand. The only downside is that you don’t get access to a library of additional indicators or trading robots.

The Vantage website shows a typical spread of 1.4 pips on EUR / USD on a Standard account. On Raw ECN accounts, the typical spread is 0.1 pips with a commission of $ 3 per way ($ 6 per full transaction). Opening an account is supposedly easy as well though that probably only goes for Demo accounts, since for real money ones, there are quite a few questions asked and documents required.

Stock market trading is risky, and an obligation to make additional payments cannot be suspended with a genuine ECN broker. If the market opens elsewhere and there is no liquidity to close or open your order, you will be given the next best price. In the worst case, this can lead to an additional funding obligation. The broker will automatically stop you if the margin is over-stimulated. With careful money management, a responsibility to make further payments can hardly happen. The not available negative balance protection only shows that Vantage Markets is a real ECN broker.

At Vantage, they understand how important the management of risk is and they don’t want clients’ trading platform to be an unwanted restriction to achieving their goals. With a large number of professional Forex traders choosing MT4 as their charting platform of choice, MT4 makes it possible for traders to follow their every order in real time! Through the Forex trading signals tab, you are able to tap directly into the minds of professional traders, making trading decisions alongside them in real time via their signal service. For beginner traders, I appreciate the low $50 minimum deposit, unlimited demo account and selection of educational materials.

Trading with a broker that is licensed by ASIC is always going to be a wise choice. You know that your funds are secured, and that they follow the laws of Australia. 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 industry.