The broker’s customer service team can be reached by email, chat, or phone. Furthermore, customer support is available in a range of languages, making it even easier for users to communicate in their preferred tongue. It is also worth noting that the broker’s customer service team is contactable during trading hours, 24-hours a day, 7-days a week to ensure timely support. In addition to a web-based platform, the broker supports the MetaTrader 4 and MetaTrader 5 platforms and a proprietary mobile trading app. This iOS and Android compatible app can handle every account function from onboarding and funding balances to news access and trade execution. Overall, the broker’s pricing schedule is designed to ensure that its users are able to maximize their earnings by minimizing commissions and spreads.
Trading Platform
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. For an alternative trading experience, I think the ProTrader is a compelling option. It features a modernized interface with an impressive suite of technical tools. After opening a few positions in both MetaTrader platforms, I’ve found that one of the main differences between the two is how many order types you can execute. Both MT4 and MT5 facilitate the four key types of order (market order, pending order, stop loss, and take profit). These are instructions to your brokerage for when to open and close orders.
- Our broker ratings are also informed by the experience of our researchers during the evaluation process.
- This average customer rating is based on 3 Vantage customer reviews submitted by our visitors.
- It also offers its own proprietary Vantage app, which – despite the added distraction of in-app ads – shows real promise as a trading platform.
- I was pleased to find no deposit or withdrawal charges, keeping costs down.
Bonuses & Promotions
For example, Vantage Global Prime Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC), whilst Vantage Global Prime LLP is authorized by the UK Financial Conduct Authority (FCA). 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. The broker is based in the Cayman Islands and regulated by the Cayman Islands Monetary Authority (CIMA).
The broker also offers a high degree of leverage in limefx all of its account types, which can prove to be highly beneficial for its users. Moreover, the broker does not charge any fees for depositing funds in the platform. Finally, it offers a 50% deposit bonus to its users along with volume rebates and other rebates. 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.
Does Vantage Offer A Good Mobile App?
The ECN account is a good option for active traders looking for zero-pip spreads and low $3 commissions. Importantly, I was very pleased to see that there is no time limit on the demo mode, which is good compared to most online brokers who automatically close paper trading accounts after 30 or 60 days. This ultimately means aspiring investors will always have access to a risk-free environment to test trading systems.
Beyond the aforementioned benefits, Vantage also provides a wide range of technical charting tools to its users, thereby making it easier for investors to hone their decision-making process. My tests have shown that trading fees at Vantage are fairly competitive but not the lowest I have seen. The STP account does offer zero commissions but wider spreads from 1 pip.
Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. Vantage is recommended for traders who want to keep up-to-date about unfolding market developments and leverage these opportunities by making rapid investment decisions.
It offers a good range of financial instruments while also providing exceptional trading tools designed to help users maximize their experience. Moreover, the broker’s fees and limefx forex brokers reviews commissions schedule is very straightforward while emphasizing speedy execution. To evaluate brokers, we test the accounts, trading tools and services provided.
Is Vantage Good For Beginners?
I tried the chat twice for the first issue, got thrown out both times without any follow up, then I tried mail – no reply. Really frustrating to feel that it is this hard to get help, especially if you have a serious concern. I recommend the Raw ECN or Pro ECN accounts, as these offer ultra-tight spreads. The availability of the MetaTrader platforms and VPS also means that active day traders using automated systems are catered for. Looking at the downsides for day trading, execution speeds at Vantage aren’t the fastest. The MetaTrader platforms come with some of the most comprehensive libraries of technical indicators and drawing tools.
