However, this is standard practice and Islamic accounts avoid this charge, though an admin fee is levied instead. For example, traders can earn V-points in the Vantage Rewards scheme which can be redeemed for cash, https://limefx.vip/ deposit rebate vouchers, lucky draws, profit boosters and more. As expected, wire transfers are processed within 1 – 2 business days for domestic transfers and 2 – 5 business days for international transfers.
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. Vantage offers traders two major types of accounts aimed at providing for the services of different classes of traders. These types of accounts are the Standard STP, RAW ECN, and PRO ECN. The fees and commissions charged on CFDs trading are a bit on the high side when compared to other brokers.
- I evaluate the firm in all the important categories, including regulation and trust, investment offering, trading fees, account options, and platform functionality.
- Vantage itself does not charge you any funds for deposits and withdrawals.
- Vantage rounds out its MetaTrader platform suite offering with support for multiple social trading platforms, content powered by Trading Central and a proprietary mobile app.
- The demo account from Vantage enables traders to trade with real-life conditions, even though they are trading with unreal funds.
Founded in 2009, Vantage is the brainchild of a highly specialised team with backgrounds in finance, forex trading and fintech. Delivered through powerful trading platforms, Vantage puts significant emphasis on user trust and transparency, which is backed up by an award-winning customer support team. This combination has helped Vantage to become one of the market leaders in the Australian market. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
Trading App
My only minor complaint is that the selection of shares is lighter than some brokers like CMC Markets. There is also a deposit bonus scheme where you can earn a 50% credit bonus on deposit amounts from $500 up to $196,000+. As for licensing, I’m glad to see that many clients will be registered under tier-one-regulated entities. Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website.
Is Vantage safe?
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. No, Vantage is an ECN/STP broker, which means it sources quotes from several external liquidity providers with no dealing desk intervention. It also means spreads are generally lower than market maker brokers. In addition to copy trading features, Myfxbook Autotrade offers journal features where you can keep track of your trading history. Experienced traders will also appreciate the free forex VPS, as well as various advanced plugins for the MetaTrader and ProTrader platforms. Whilst you clearly won’t get the same experience as the desktop platform, you will get an abundance of real-time data and forex market research straight from the palm of your hand.
Submit Your Own Review of Vantage
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. Instead, the broker limefx immediately closes losing trades if it appears that they will lead to the trader losing not only all the funds in their account, but even end up owing the broker. Trading at Vantage is cheap since traders don't get levied with charges for most of the services the broker offers. For the most part, traders don't pay commissions, except for specific types of accounts.
Mobile trading apps
Additionally, Vantage also supports a number of electronic transfer methods, including Neteller, Skrill and FasaPay. Generally speaking, Vantage will not apply any additional fees, though this may depend on your bank. A full list of fees is readily available and easily accessed via the homepage – simply click on the payment options icon at the bottom right-hand corner of the homepage. In our experience, both deposits and withdrawals to the platform are processed quickly with minimal delay.
