One thing that I think works very well is the gamification of this application, with benefits and commission earned from the program scaling up depending on your success. This allows copy traders to ‘level up’ their status from ‘Explorer’ to ‘Legend’, and the playful nature of this program makes it fun while also providing ambitious traders with clear goals to aim for. This social trading platform is attractive as it will continue to copy forex trades even when I’m not connected to the platform. In particular, Vantage stands out for its choice of copy trading platforms, with multiple in-house and third-party solutions.
Does Vantage Offer Low Forex Trading Fees?
The proprietary platform is one of the best out of any on this list, too, as it combines an intuitive set of interfaces with advanced trading tools, thanks to integration with TradingView. This is backed up by support for MetaTrader 4 – still the most popular platform of all among forex traders. IB provides trading tools through its Trader Workstation (TWS) area, giving you advanced charting features suitable for more experienced traders. The tiered loyalty program will suit some traders, but many forex traders will be happy enough just using the broker’s standard features.
Vantage offers a strong suite of trading instruments, with 1000+ CFDs spanning forex, stocks, commodities, indices, bonds and ETFs. Considering the negatives, though, it is a shame that the broker’s global entity, Vantage Global Limited, is regulated offshore by the Vanuatu Financial Services Commission (VFSC). The VFSC is not a highly respected authority and does not offer the same degree of protection for retail traders in my view.
Vantage’s Raw ECN account type features a fixed round-turn commission of $6 per traded lot (100,000 units) applied to FX currency pairs and metals. Notably, there is no commission liable for trading US stocks, which is quite rare for an ECN account. This means that Vantage’s Raw ECN account type is especially suitable for share CFDs trading. Vantage has teamed up with MyFxBook AutoTrade to bring forex traders one of the most popular FX copy trade services available. AutoTrade is an account mirroring service where you can copy trades from top successful FOREX trading systems.
The Raw account and Pro ECN offer attractive pricing, especially for experienced investors looking for ultra-tight spreads with low commissions from $3 per side. 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.
Schwab – Strong customer support
There is a broad range of written articles, exhaustive courses, and a collection of hundreds of recorded webinars. Most significantly, Vantage’s educational materials cover every major trading topic, including technical analysis, fundamental analysis, risk management, and the psychology of trading. Vantage’s market breakdowns are available from the website with free access to registered and unregistered clients. They provide coverage on current economic and financial news with potential market impact, focusing on various financial assets like gold, the US dollar, bonds, and more. ECN brokers utilize electronic execution of client orders since they operate as Over-the-Counter (OTC) derivatives brokers.
How long does it take to withdraw money from an account at Vantage?
I concluded that Vantage is great for day traders and long-term investors. It offers a mix of investments, from safer options like ETFs and bonds to riskier ones like stock CFDs and cryptocurrencies. With its affordable prices, extensive educational content, and choice of lower-risk securities, I find Vantage suitable for beginners as well as day and position traders. Whether you are a scalper, swing trader, or trade long term, the ProTrader platform is designed for traders of all styles.
Since its inception in 2009 Vantage has been in the business of providing institutional trading conditions to retail clients around the world in a transparent true ECN/STP environment. Vantage offers access to more than a hundred trading instruments on various asset classes such as stocks, indices, energies, cryptocurrencies, commodities, and ETFs. It provides a trusted trading ecosystem that enables clients to achieve their own success, in a faster and simpler manner. You can quickly and easily open an online trading account with Vantage with a minimum deposit requirement of $200. Furthermore, the broker also offers free demo accounts if you wish to practice trading online with virtual funds before making an investment. Established in 2009, Vantage is a CFD broker with over 15 years in the industry and is trusted by 5,000,000+ traders.
Markets
- Choosing a broker that is licensed by a trustworthy regulator should be a top priority.
- However, its unavailability to US-based traders may limit accessibility for some.
- If the trading criteria are met Vantage offers access to TradingView Pro, Pro+ and Premium and will refund your monthly membership costs.
- Vantage remains committed to delivering best-in-class trading experiences and enhancing its offerings to support traders and partners in making informed decisions.
- Rediscover the MetaTrader 4 and 5 Platforms by deploying the most comprehensive upgrade to your MetaTrader experience today and take your trading further with Vantage.
- OANDA applies these values according to your order size – usually, the smaller the order size, the smaller the spread.
The support for MetaTrader https://worldtradex.world/ 4 is another positive aspect, although the proprietary OANDA Trade platform is excellent, too. OANDA’s platform is also one of the most intuitive pieces of trading software around, offering a gentle learning curve for beginners. The tight spreads – consistently lower than the industry average – are an excellent point of difference for OANDA. In the US, OANDA also offers Core Spreads + Commission pricing (similar to Raw style accounts). For example, the min spread on EUR/USD is 0.4 (average 0.5), and the commission is $5/100K units.
The AutoTrade service is an online FX trade copying platform with over 90,000 FOREX traders. Connect a Vantage account with AutoTrade to auto copy and trade with access to in-depth analysis and statistics. MT5 offers a full set of trading orders for flexible Forex, Commodities and Indices trading, with access to Vantage is liquidity provider’s market depth at your fingertips. MT5 allows you to see where the big orders are sitting on the price ladder and lets you plan your trading accordingly. This is due to the location of the primary liquidity providers and means that all clients can experience the fastest trade executions possible when they trade on MT5 through Vantage.
This is mainly because of the direct interbank pricing available through the broker, as well as the very low commission rates. While this points to a good experience for relative beginner traders, the large number of different tradable markets makes this broker suitable for advanced traders, too. You’d need to be depositing this amount at least to start opening trades anyway, so this minimum requirement isn’t really a bad thing. You’ll gain access to a broad selection of different trading instruments, such as spot forex markets and futures markets on commodities, cryptos, equity indices, currencies and interest rates. Some traders have pointed out that there are overnight fees applied to your trades and inactivity fees of $10 a month applied if your account remains dormant for 12 months or more. While many traders will prefer sticking with what they know – MetaTrader 4 for example – Trade offers enough powerful features to make it a serious contender.
Our broker ratings are also informed by the experience of our researchers during the evaluation process. Across these platforms, Vantage https://worldtradex.club/ provides quick market execution, quality charting and analysis tools, and the ability to enter limit and stop orders. Vantage Markets stands out as a versatile and reliable broker, catering to traders of all levels with its wide range of tradable instruments, advanced trading platforms, and competitive pricing.
thinkorswim platform
In terms of the look and feel, I personally find trading on this software a more enjoyable experience than MT4 and MT5. The default dark mode workspace is easier on the eye, especially when layering color-coded indicators and graphical objects. Looking at the negatives, the user experience of the client dashboard isn’t as seamless as other brokers in my view. For newcomers, the design may feel a little dated compared to some alternatives, but in my experience, the look and feel of the platform is easy to get used to. Traders can access a free demo account at Vantage which gives you $100,000 in virtual funds to practice with.