Vantage Review 2024: Read Before You Trade

This helps to make sure that they can offer traders truly transparent pricing, the prices of all Vantage Indices are based on the underlying price of the index’s corresponding stock market. Leverage the volatility of the largest stock market indexes in the world such as the SP500, DAX, FTSE and DJ30. 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. A giant of the CFD industry, Plus500 has recently expanded into the United States to offer futures trading via its state-of-the-art proprietary web platform and mobile app.

Vantage Forex Calculators

Another thing that stands out for me is limefx website the level of customizability that I get with the MetaTrader suite. Both platforms feature flexible charts and market watch windows which can be re-sized to my preferences. I can also have multiple charts open simultaneously, which is ideal for active traders. MT4 and MT5 are hugely popular trading terminals that offer powerful charting tools and customizable layouts.

Why is Choosing the Right Account Type Important?

After opening a few positions in both MetaTrader platforms, I’ve found that one of the main differences between the two is how many order types you can execute. Both MT4 and MT5 facilitate the four key types of order (market order, pending order, stop loss, and take profit). These are instructions to your brokerage for when to open and close orders. 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. For example, limefx review 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. When I used Vantage, I found that clients registering with the offshore entity can access several bonus deals and promotional offers.

What is the difference between buying gold and trading gold CFDs?

For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. MT5 excels in simplified order execution, but its dated and rugged design falls short compared to newer, sleeker platforms. As a trader who prioritizes flexible chart scaling, I find MT5’s charting too rigid and less effective. However, its strength lies in automated trading, enhanced by Vantage’s free VPS hosting service. My findings indicate that Vantage’s Standard account lives up to its name since it incorporates the same pricing mechanism that is typical to most STP account types in the industry.

At Vantage, all Indices trading styles are welcome, including scalping, hedging, swing trading and the use of any Expert Advisor (EA) that suits your trading style. Vantafe gives access to a wide range of supporting tools, such as its market sentiment indicator powered by TradingView. 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. It also offers its own proprietary Vantage app, which – despite the added distraction of in-app ads – shows real promise as a trading platform.

1. He has several years experience in the forex trading business and has started to trade in Bitcoin and other crypto markets too.
2. The default dark mode workspace is easier on the eye, especially when layering color-coded indicators and graphical objects.
3. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
4. The broker’s platforms are full of useful functionality that benefits users.
5. In recent times, the broker has also included a popular feature – Copy Trading to their range of offerings, allowing beginner traders to follow signal providers who are already experts in the markets.

Moreover, the platform is recommended for traders who are willing to invest large sums and are confident in their trading abilities. Beyond the aforementioned benefits, Vantage also provides a wide range of technical charting tools to its users, thereby making it easier for investors to hone their decision-making process. Another unique feature of Vantage is the PRO Trader Tools available to clients who fund accounts in excess of US$1,000.

Vantage has one Tier-1 and one Tier-2 regulation and complies with most of the essential safety requirements. Vantage operates under four entities regulated in various jurisdictions, including ASIC in Australia and the FSCA in South Africa. Based on my research of Vantage’s legal documents, I assessed that the broker complies with most safety regulations.