The only downside is that you don’t get access to a library of additional indicators or trading robots. With this in mind, I think ProTrader terminal is a better choice for intermediate traders or those who aren’t interested in exploring automated trading features. My assessment found that fees at Vantage are competitive, especially in the higher account tiers.
- As for licensing, I’m glad to see that many clients will be registered under tier-one-regulated entities.
- It’s easy to access all options from the client dashboard under the ‘Downloads’ tab.
- MT4 and MT5 are hugely popular trading terminals that offer powerful charting tools and customizable layouts.
- Furthermore, all customer funds are held in segregated accounts, thereby ensuring a greater degree of security.
- There are excellent diversification opportunities, especially the bond and ETF offerings, which aren’t available at many alternatives based on testing.
We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. Help is available via live chat, email or telephone, with waiting times for responses scoring very well. 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.
The firm also uses important limefx safety measures including segregated client accounts. Yes, Vantage is a legitimate broker that is authorized by multiple regulators, including the ASIC and FCA. There’s no evidence of scams or malpractice based on my research and the broker segregates client money and offers negative balance protection, so you can’t lose more than your deposit. The competitive pricing in the ECN accounts, additional tools and the rebate scheme also make Vantage a good option for more experienced, high-volume traders. In addition, the VPS and access to the MetaTrader software will serve algo traders. Based on my first-hand LimeFX review, the firm is an excellent choice for traders looking for low fees, best-in-class tools and a range of global markets.
Took a little while to go through the process as needed to download the new app and get new log in details. Hicham the Engineer talked me through everything step by step and was very patient. You can invest in the likes of Tesla, Netflix, Meta, and other listed companies through shares CFD. Get access to international share markets including US, Europe, Australia and Asia. Leverage on the volatility of the largest stock market indices in the world like SP500, DAX, NAS100, and DJ30.
Offering of investments
However, Vantage trails industry leaders in key areas such as research and education. The low starting deposit of $50 ensures accessibility for those on a lower budget and the unlimited demo account allows you to practise trading risk-free for as long as you need. There is also an excellent selection of copy trading platforms, though past performance is no guarantee of future performance. As with many other mobile apps I’ve tested, you cannot run any detailed technical analysis in the Vantage app since it doesn’t offer any indicators or drawing 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. Based on my tests during normal trading hours, the Standard Account offers an indicative spread of 1.4 pips on the EUR/USD, which is reasonable though not the lowest. With that said, the commission-free trading model will serve new traders looking for straightforward pricing. Vantage does not offer a comprehensive range of educational resources for traders, putting it at a disadvantage against brokers that make education a priority, such as CMC Markets or City Index.
What can you do with the Protrader platform?
To get started, simply choose from the list of Spotlight or Signals providers, decide how much you want to trade, and add any risk management parameters. limefx Below is my view on the tools that I think elevate the trading experience. I want to stress that while high leverage can boost potential profits, it can also cause significant losses.
How do I get Protrader?
Looking at the negatives, the user experience of the client dashboard isn’t as seamless as other brokers in my view. However, this is standard practice and Islamic accounts avoid this charge, though an admin fee is levied instead. For example, traders can earn V-points in the Vantage Rewards scheme which can be redeemed for cash, deposit rebate vouchers, lucky draws, profit boosters and more. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
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. 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. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
