Muslim traders will appreciate that swap-free Islamic accounts are available which puts the forex broker on an even footing with rivals like AvaTrade. Our experts are also reassured that this broker segregates client funds from business capital with an AA-rated bank, which should provide peace of mind for traders. Trading Forex, CFD, Options, and other financial instruments carry a high risk of loss and are not suitable for all investors.

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Vantage Markets offers comprehensive support via phone, chat, or email. On weekdays, support is available 24 hours a day at the regular market opening hours. Another advantage of the broker is that there are no fees on the withdrawal.

There is also an excellent selection of copy trading platforms, though past performance is no guarantee of future performance. As mentioned above, the size of spreads and accrued commission depends on the type of trading account that a trader uses. But for each traded lot, traders are required to pay a commission of $ 3.00. Our only major criticism is the hefty minimum deposit of $10,000. Whilst this won’t deter many high-volume traders, it is noticeably higher than most of the pro forex trading accounts we have assessed. Vantage offers its clients the choice between two leading trading platforms, MetaTrader’s MT4 and MT5.

• Hicham was very patient answered my questions and will get the appropriate person to ring me.
• In our continuous endeavor to provide insight into brokerage firms operating within the European region, our focus has lately shifted towards Vantage Markets.
• As such we may earn a commision when you make a purchase after following a link from our website.
• Vantage does point out that some payment options might incur charges levied by third parties, so checking the small print can save paying unnecessary fees.
• The search bar makes finding relevant information intuitive, and there is enough content to deal with standard account and product conditions.
• I’m confident that both beginners and experienced traders will be catered to when it comes to charting and analysis tools.

The broker has received several licenses from respected regulators such as the FCA and ASIC. However, only clients living in these countries can rely on the supervision of these authorities. All of them will be served in an offshore branch in the Cayman Islands or Vanuatu. Unlike many other brokers, Vantage Markets divides accounts not by the amount of deposit, but by technology.

It could be utility bills, bank statements, and residence certificates. After rigorously exploring Vantage’s platform, I found the research tools to be fairly comprehensive. While this is pricey, I think the benefits are worthwhile, since I was able to access custom watchlists, hundreds of technical indicators and daily trade ideas. 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. What you can do, though, is easily view live chart data alongside corresponding analysis and events all on the same page, which I thought was highly intuitive. I also like that clicking on each chart opens it up in full-screen landscape mode, so you can pinch and zoom for a greater level of detail.

• Yes, Vantage offers a decent mobile app which offers access to account management features and trading tools whilst on the move.
• Generally speaking, the Vantage spreads remain very competitive.
• Large, well-known banks (HSBC, Bank of America, UBS, and more) are among them.
• This protects clients with a maximum compensation of 20,000 EUR in the case of an unresolved dispute with the broker.

Ultimately, this means Australian and UK clients will get the best regulatory coverage. Although not as extensive as some competitors such as eToro, the varied collection of resources mean we can recommend the broker to beginners looking to learn more about forex trading. If the trading criteria are met Vantage offers access to TradingView Pro, Pro+ and Premium and will refund your monthly membership costs.

Vantage’s research is sourced primarily from third-party content providers such as Trading Central, alongside its own in-house production which has grown considerably year over year. That said, I am still pleased to see how much Vantage has improved its research over the last 12 months. 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.

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Deposits and withdrawals related to the trading account do not attract any charges internally, which means traders get as much of their profits as possible. There are also no fees for long-term inactivity, so traders do not incur expenses when they are not trading. The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures. The broker offers a complete package for the beginner or advanced trader. In case of significant problems, the support can access your computer Worldtradex scammers via external software (Teamviewer).

Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. Vantage is a top-tier broker with some of the lowest trading fees I have seen. It’s just a shame the Pro account has a steep $10,000 starting investment. It only took a few minutes to download and sign in and then you can chat with other traders and mirror strategies in a few clicks.

Learn to Trade

Below is my view on the tools that I think elevate the trading experience. 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. I want to stress that while leverage can boost potential profits, it can also cause significant losses. I strongly recommend employing risk management tools such as stop-loss orders. Vantage offers varying leverage levels depending on local regulations – you can see the amount of leverage offered in Germany below.

It is a better fit for casual traders who will appreciate the custom watchlists and news updates. This TradingView-enabled platform has a slick interface and premium analysis tools. This includes over 20 different chart layouts, 8 timeframes, and a large selection of drawing tools. One minor drawback is the limited access to popular cryptos like Bitcoin.

Is Vantage Markets Dangerous?

In the worst case, this can lead to an additional funding obligation. The broker will automatically stop you if the margin is over-stimulated. With careful money management, a responsibility to make further payments can hardly happen.

As you can see on the homepage of Vantage Markets, there is high transparency. The broker is an actual ECN broker (see Liquidity Provider) and only earns on the spread and paid trades commissions. Vantage customer support can be contacted via Live Chat, phone, email, Messenger, Twitter, Telegram and Instagram. Their service runs 24/7, so clients can get help with live trading situations and draw on support when learning how to get the most out of the available tools.

Your account at Vantage

If support asks for additional documents, the withdrawal will take even longer. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Compare the markets and instruments offered by Vantage and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

My assessment found that fees at Vantage are competitive, especially in the higher account tiers. The best part is that you only need $50 to access raw spreads in the ECN account, but there are commissions to be aware of. I appreciate that there is no minimum transaction on credit card and international bank transfer withdrawals but there are minimums on most other methods starting from $0.01 for Perfect Money. Funds deposited via bank cards and most e-wallets are processed instantly. I tested the broker’s processing times using both a Visa card and Neteller and found that my funds were available immediately.