Vantage Review 2024 Pros, Cons & Key Findings

Overall, the broker’s trading platforms operate flawlessly, and we did not encounter any issues when testing their functionality. The range of platforms offered by the broker is among the best in the industry. All of the broker’s platforms are equipped with extensive trading support, ensuring that all its users are kept up to date about the markets. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process).

Is Vantage Good For Beginners?

Past performance is no indication of future performance and tax laws are subject to change. The information in this website is general limefx broker reviews in nature and doesn’t take into account your or your client’s personal objectives, financial circumstances, or needs. Please read our legal documents and ensure you fully understand the risks before you make any trading decisions. Telephone calls and online chat conversations may be recorded and monitored. Overall, Vantage is among the better brokers operating in the market thanks to its dedicated efforts to deliver excellent added-value for clients.

1. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.
2. 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.
3. No, Vantage is an ECN/STP broker, which means it sources quotes from several external liquidity providers with no dealing desk intervention.
4. The broker protects client funds by storing them in segregated accounts that are kept separate from operational accounts.
5. To measure the quality and speed of customer service at Vantage, I tested the live chat feature by asking several trading-based questions at different times of the day.

Fees & Costs

The VFSC is not a highly respected authority and does not offer the same degree of protection for retail traders in my view. As you can see from my comparison table below, Vantage stands up well against two of the most tightly regulated brokers in the industry, Pepperstone and AvaTrade. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes.

I also like that all accounts are compatible with the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as the broker’s full range of assets. This ensures that beginners won’t miss out on the opportunity to trade on the same platforms as experienced traders. 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. However, I am not a fan of the ads, and it is still a long way off from competing with the best mobile apps in the industry. Moreover, the platform is recommended for traders who are willing to invest large sums and are confident in their trading abilities.

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. 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. As for accessibility, I’m pleased to see that Vantage offers both the web and desktop versions of the platforms. It’s easy to access all options from the client dashboard under the ‘Downloads’ tab. I was pleased to find no deposit or withdrawal charges, keeping costs down. There are also no inactivity fees, which is a bonus for casual investors.

Dedicated Customer Support

Spreads are super tight, execution is fast and reliable, platform is great. No, Vantage is an ECN/STP broker, which means it sources quotes from several external liquidity providers with no dealing desk intervention. Overall, beginners and intermediate traders should find plenty of resources at Vantage, though I would say that the selection is not as comprehensive as other brands like IG. Serious algo traders will appreciate the virtual private server (VPS) 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.

I can deposit using bank wire transfers, credit/debit cards and e-wallets such as Skrill, Neteller and AstroPay. As you can see from my comparison table below, Vantage stands up well against top competitors when it comes limefx forex brokers reviews to available payment methods. 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.