These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. As an UK regulated Forex Broker, Vantage offers transparent access to global Forex markets. Environment with no dealing desk intervention will allow Forex traders to realise profits no matter how big they are. In addition to trading fees, it’s important to see if Vantage charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by Vantage with its two closest competitors. We know that fees are on top of people’s mind when selecting a broker.
In the case of swap-free accounts, if you hold your leveraged position overnight, instead of overnight interest you are charged an administrative fee.You can open corporate accounts as well. In this case, Vantage’s support team will contact you with the required forms. With one simple MetaTrader 4 login, you will be able to access your MT4 trading account anywhere, anytime. I’ve requested numerous times to deactivate my account as I no longer wish to use this service. Despite this, I keep receiving persistent calls, and I’ve been informed that they will continue calling.
- Vantage has no withdrawal fees for credit/debit cards and electronic wallets.
- The Vantage web trading platform has great customizability.You can easily change the size and position of tabs.
- All banks, governments and companies are participants in this vastly liquid global FX market.
- We do not present any investment advice or guarantees for the accuracy and reliability of the information.
- Check out the ‘Featured Ideas’ section for additional tips and charts on major currency pairs and individual stocks.
To set email or mobile notifications, you must enter your email address and mobile MetaQuotes ID (you can find it in the settings of the MT4 app). You can add them under ‘Options’ in the ‘Tools’ menu.In an added feature compared to MT4, the MT5 platform of Vantage allows hedging with 21 time frames. Vantage offers its own proprietary limefx forex brokers reviews 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 being able to compete with the mobile apps that are offered by IG, FOREX.com, and Saxo Bank.
Vantage trading fees
The most important trading fees are commission, spread, and financing rate. Vantage Markets offers comprehensive educational materials for all levels of trading experience. The education section includes learning materials, webinars, market news, and analysis, economic calendar, indicators, and many trading tools.
Read our full explanation and accounting of our research and testing process to learn more about how we test. In terms of funding methods, Vantage Markets offers many payment methods which are a very good plus, yet check according to its regulation whether the method is available or not. Is Vantage legit features all the key aspects you need to look at to see if a broker is safe and legit. You cannot set alerts and notifications on the Vantage mobile platform.
Experience a true institutional level of trading through our deep FX liquidity pools and become an active Forex Trader in global markets. When you learn and master a consistently profitable forex trading strategy, the potential is limitless. As money management and discipline in executing your trading strategy is key, Vantage has structured our website to contain a plethora of content under both the News and Education menu tabs. Go through them at your own leisure and see what the world of forex trading can offer you. My enthusiasm to explore an extra income stream led me to overlook all the red flags surrounding this company. When they emptied my account, leaving me with an overwhelming overdraft of $42,000, I finally realized I’d been deceived.
Portfolio and fee reports
The Company cautions investors not to place undue reliance on the forward-looking statements contained in this document. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services https://limefx.club/ industry while assisting in the production of content. If you want to explore the possibilities offered by Vantage, we recommend opening a demo account first. There are 3 main types of trading accounts at Vantage (STP, Raw ECN, Pro ECN), which differ in their pricing structure and the spreads provided. It charges no account, inactivity, or deposit fees.There is no fee for credit/debit card and electronic wallet withdrawals.
Compare Vantage Competitors
Clients’ funds are held in fully segregated accounts with the National Westminster Bank (NatWest). It goes against our guidelines to offer incentives for reviews. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
There is excellent variety between available trading platforms including MT4 and MT5, social trading, investment accounts, and also MAM accounts. 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.
The broker offers a great variety of deposit and withdrawal options, most of them free of charge. On the negative side, the product portfolio at Vantage is rather limited as the broker only offers forex and some CFDs to trade. Customer service could be better, especially the relevance of email responses. BrokerChooser gave Vantage a 4.2/5 rating based on analyzing 500+ criteria and testing via opening a live account. Vantage Markets is a reliable broker due to its regulations by top-tier FCA and ASIC. Vantage is a popular brand with good trading technology, a range of instruments, and low variable spreads.
Vantage Markets Education
Vantage Markets clients have various options to fund a trading account, including domestic bank transfers, international bank transfers, Skrill, Neteller, Credit/Debit card payments, and more. Vantage has no withdrawal fees for credit/debit cards and electronic wallets. The first international bank withdrawal each month is free of charge; all further withdrawals within the month carry a 20 currency unit fee ($20, €20, etc.). We compared Vantage’s fees with those of Fusion Markets and IC Markets, two similar brokers selected by our analysts. This selection is based on objective factors such as products offered, client profile, fee structure, etc.
Customer Support
Now, let’s dive into the details and see what commissions, spreads, and financing rates Vantage charges. Vantage distinguishes itself from other MetaTrader-only brokers by offering a diverse range of additional add-ons and by supporting the integration of compatible third-party platforms and tools, such as TradingView. As a result, Vantage finished among the Best in Class in our best MetaTrader brokers category for 2023. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. FSCS protection is not dependent upon the depositor’s place of residence, but where the bank, building society or credit union holds the deposit.
One international bank withdrawal per month is also free of charge, while all subsequent withdrawals are charged 20 currency units of your account ($20, €20, etc.). Vantage CFD commissions and spreads for different assets are charged as per the table below. The good news is that Vantage has low trading fees in general. We ranked the fees of Vantage as low, average, or high based on how they compare with all reviewed brokers. The multi-account managers have the opportunity to customize needs and requirements through MAM or PAMM offerings. A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank.
Forex markets are always traded as currency pairs where a forex trader will always buy or sell one currency in terms of another. An example of one such trade would be a EUR/USD buy trade, meaning buying EUR and selling USD. I lost 2.800 EUR on XAU/USD and the “Advisor” told me to Trade on Vantage Markets with his link. I fell like Vantage pays affiliate people, They share with each other my money!
Desktop trading platform
In addition, Vantage Markets brings an opportunity to automate trading through MyFXBook AutoTrade which is one of the trusted social trading services, and ZuluTrade as one the most popular among the traders’ social trading platforms. Vantage brings an offer through three main types of accounts that are diverse by the options either with costs built on a commission basis or only through the spread. Accounts are accessible from both platforms MT4 and MT5, with leverage depending on which entity you trade, thus which regulation is applicable. The Company, its directors and certain of its executive officers are participants in the solicitation of proxies from the Company’s stockholders in connection with the 2024 annual meeting of stockholders (the «Annual Meeting»).
We also drew up a more detailed rundown of Vantage alternatives. It isn’t suitable for everyone and, in the case of Professional clients, you could lose substantially more than your initial investment. Past performance is no indication of future performance and tax laws are subject to change. The information in this website is general 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.
These are branded Analyst Views, and are categorized by asset classes and broken down into subcategories. Check out the ‘Featured Ideas’ section for additional tips and charts on major currency pairs and individual stocks. The technical analysis, located under Market Widgets, covers all asset types offered by Vantage. We tested the debit card withdrawal and it took 1 business day. In addition, you can also open swap-free or Islamic STP and ECN accounts.