Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. ForexBrokers.com has been reviewing online forex brokers for over eight 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. If you need a high level of leverage and want to trade tight spreads, you should switch now or open your first trading account.
Even beginners or new customers can try the trading conditions and the broker’s offer. Vantage Markets offers a free demo account, which is also unlimited here. This can only be said of some brokers and is very difficult to recognize, especially for beginners. The strengths of Vantage Markets limefx scam are transparent order execution and liquidity delivery. This means that the broker is connected to a network of large liquidity providers.
Platforms & Apps
Fraud can be completely ruled out with an utterly regulated offerer to 99%. Vantage is a highly-rated forex broker with a good variety of assets, useful tools and low fees. However, there is no guarantee of making money when trading forex online regardless of the broker you trade with. Vantage’s forex trading fees are fairly low, but not the best in the industry. Clients can choose between an STP account with zero commissions and floating spreads from 1 pip or an ECN account with low spreads from 0.0 pips and a $3 commission per lot per side. Opening an account takes less than 5 minutes and the starting deposit is low at $50.
Vantage Trading Fees
Like other reputable online brokers, Vantage Markets makes the majority of its income from spreads or commissions from the traders, depending on the account type. Eight different base currencies are available for the trading account, and an Islamic account version is adjustable. After my tests, the execution for trades at Vantage Markets is sensational and happens directly without requotes. In summary, Vantage Markets stands for a professional trading experience at low fees. Whilst this won’t deter many high-volume traders, it is noticeably higher than most of the pro forex trading accounts we have assessed. Customer service is a critical aspect of any brokerage, and Vantage Markets excels in this area.
What is Vantage Markets? – The company presented
Many Forex traders use the economic calendar as a release schedule to assist them in anticipating when major movements will happen in the market. Allow clients to put real-time account data into excel for analysing, comparing and creating rules. Vantage prides itself on execution speed and fully transparent STP/ECN trading model and with the SmartTrader Tools Package they have now taken the MT4 and MT5 Platforms to the next level. 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. The forex market sentiment page displays the overall long and short positions of the Vantage book. The sentiment ratio of long to short positions are represented as a percentage and displayed as a sliding scale where orange represents clients’ shorts and teal represents their longs.
The broker employs industry-standard security protocols, including SSL encryption and segregated client accounts, to protect clients’ assets. Vantage Markets ensures fast and reliable execution of trades, thanks to its partnership with top-tier liquidity providers. This partnership helps minimize slippage and ensures that traders get the best possible prices for their trades. Vantage prioritizes the safety of its clients’ funds and operates with regulatory oversight from ASIC. Client funds are stored in segregated accounts with reputable banks, providing an additional layer of protection. Furthermore, Vantage conducts regular audit reports and adheres to strict compliance standards, ensuring transparency and security in its operations.
- Third-party platforms such as MetaTrader 4 and MetaTrader 5 are supported as well as a ProTrader terminal powered by TradingView and a Vantage App.
- Vantage has one Tier-1 and one Tier-2 regulation and complies with most of the essential safety requirements.
- You can use these apps to execute trades, view news and charts and create custom watchlists.
- An example of one such trade would be a EUR/USD buy trade, meaning buying EUR and selling USD.
If you choose to open a Vantage trading account, you will be able to trade energy markets on MT4 or MT5 with ease. Energy traders take advantage of fluctuations in the price of a certain specialised set of commodities markets such as oil, gas, gasoline and heating oil. 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 industry while assisting in the production of content. 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).
Forex Risk Disclaimer
The website has been translated into German, Chinese, Indonesian, and more. Still, you can only expect some supported languages from an Australian broker. From our experience, support for Vantage Markets is lightning fast.
Overall, Vantage Markets has more than 180 different tradable assets. These include forex (currencies), indices (Dax, SP500, etc.), commodities, precious metals, energies, and cryptocurrencies. The selection here is huge, and every trader should find their matching asset to trade.
Is there negative balance protection on Vantage Markets?
The MetaQuotes WebTrader platform for MT4 and MT5 offers clients a limefx broker reviews robust method to trade directly from their browser, and it’s compatible across Windows, MacOS, and Linux operating systems. MetaQuotes has integrated all of the features that have made MT4 the excellent Forex trading platform that it is, and then improved on them. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors.
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.
We tested the live chat three times and found it quick and easy to use with responses in less than one minute once connected with an agent. Before then, a queue counter lets you know roughly how long to expect to wait, and we did not experience waiting times of more than a few minutes in any of our tests. We are also pleased to find that the $1000 minimum deposit is considerably less than the amounts required to access free VPS services from some rivals. This is a particularly useful tool for experienced forex day traders who automate strategies, as it allows them to set their algorithms to work 24 hours a day with the fastest connectivity available. 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 allows users to feel secure that they are mirroring knowledgeable and experienced traders. This system acts as a kind of hub for different liquidity providers and allows traders to enjoy tighter spreads but also incurs a commission. We recommend this model if your strategy needs fast execution speeds and the guarantee of fixed commissions. Traders can access forex via contracts for difference (CFDs), which is fairly standard at popular brokers. These derivatives work by allowing the trader and broker to exchange the difference in price of the instrument between the open and close of the contract.
Vantage offers financial news in video format on its YouTube channel, providing an easily digestible and time-efficient way to stay informed. When we test a broker’s customer support team, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. Compared to the broader industry, Vantage offers an average number of currency pairs and a high number of commodities, indices, share CFDs, and cryptocurrencies. With zero commission on US stocks and offering raw spreads, Vantage is particularly advantageous for trading share CFDs.