The Myfxbook AutoTrade tool allows you to seamlessly integrate copy trading into your Vantage investment account by connecting you to a growing network of over 90,000 forex traders. Similarly, ZuluTrade integrates into your Vantage trading account and gives you instant access to a network of over 10,000 professional day traders. Social trading is a great way to learn from the top traders in the industry, so it’s great to see Vantage supporting it so well. In addition to all the other account features available, Vantage has also got a number of other bonus features that make an account with it even more appealing. This includes a ‘refer a friend’ scheme, an active trade programme, a 50% deposit bonus, and a rebate scheme.
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Key Features & Benefits
I want to stress that while high leverage can boost potential profits, it can also cause significant losses. I strongly recommend employing risk management tools such as stop-loss orders. As you can see from my comparison of suitable alternatives below, Vantage rivals popular brokers when it comes to the breadth of markets. There are excellent diversification opportunities, especially the bond and ETF offerings, which aren’t available at many alternatives based on testing.
Vantage’s Non-Trading Fees
Vantage incorporates the popular MetaTrader 4 and MetaTrader 5, along with the ProTrader platform. MetaTrader affords easy order execution, though its rugged design makes it somewhat difficult to execute probing technical analysis. In comparison, ProTrader features advanced scammed by limefx charting capabilities and various tools for market analysis. My tests have shown that trading fees at Vantage are fairly competitive but not the lowest I have seen.
- Ultimately, I think the app will work well for beginners or anyone looking to stay up to date with market events whilst on the go.
- 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.
- This assists you in making well-informed decisions and maximising your trading opportunities.
- Broken down by asset class and compared to the industry average, Vantage charges low spreads on currency pairs, shares CFDs, indices, and cryptocurrencies, and low-to-medium spreads on commodities.
- The broker’s proprietary copy trading platform is ideal for copy traders looking for additional perks.
I found the indicator particularly useful for intraday trading, as it informs traders of how other market participants are positioning themselves on the market. There is also an entire basket of supporting tools that comes in with ProTrader. Against a minimum deposit of $200, Vantage clients can gain access to ProTrader’s Market Buzz, advanced charting capabilities, featured ideas, and other tools. 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). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. It also limefx reviews offers its own proprietary Vantage app, which – despite the added distraction of in-app ads – shows real promise as a trading platform.
Also, professional accounts usually lack protections like negative balance protection, which are mainly offered to retail traders. Vantage provides one standard account type, featuring floating spreads starting at 1.0 pips, and two ECN account types that offer raw spreads with fixed commissions. I evaluated Vantage’s trading fees across various asset classes and found them to be below the industry average. Notably, there is no inactivity fee, and both deposits and withdrawals are processed without any handling charges. In addition to the auto trading features in the MetaTrader 4 and MetaTrader 5 apps, Vantage also provides users of the platform with access to ZuluTrade and Myfxbook AutoTrade tools. These additional tools are a great way of adding some social and automated trading features to your trading account.
There is also a deposit bonus scheme where you can earn a 50% credit bonus on deposit amounts from $500 up to $196,000+. It’s also good to see that bank transfers, cards and some e-wallets are fee-free. Founded in 2009, the broker’s long history is a great sign of a well-established business with strong credentials. The firm’s notable reputation is also reinforced by its collection of prestigious awards.
While I rate the competitive ECN accounts, I think it’s a shame that some serious traders will miss out on the best trading conditions in the Pro ECN solution. The minimum deposit is pretty steep at $10,000 – more than other pro-level accounts I have reviewed. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). 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.
