ZuluTrade is a good copy trading platform for beginners since it only requires $200. The tool allows you to follow other strategies in a user-friendly dashboard. Below is my view on the tools that I think elevate the trading experience. 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.
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It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. It’s not very often I feel compelled to write a review however the service that I have https://limefx.name/ been receiving from vantage, specifically Anai has been nothing less than outstanding. Anai has helped me set up my accounts and promptly answers all of my questions. If only other companies would learn how important customer service is.
For a week I had a problem with my…
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. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Quick deposit and withdraw however customer support is lucking, You take long in the queue and no one wants to wait for too long before being worked on. This service is an absolute train wreck, they’ve totally screwed up my finances and are somehow holding onto my money. If you’re into dealing with chaos and empty promises, then go right ahead.
Trade Indices CFDs
I found that there are five levels (Explorer to Legend), with better returns as you attract more traders. I’m particularly impressed by the quality of research tools in the app. I was able to access convenient account management features, as well as trade monitoring.
My Key Takeaways After Testing Vantage’s Mobile App
I noticed that the only distinction between the three account types, except for the minimum deposit requirements, are the pricing mechanisms for the three. In terms of value, the Professional account undoubtedly offers the best conditions – raw spreads and low commission. However, the high minimum deposit requirement can be too costly for some traders to start. Also, professional accounts usually lack protections like negative balance protection, which are mainly offered to retail traders. Vantafe gives access to a wide range of supporting tools, such as its market sentiment indicator powered by TradingView.
Similarly, ProTrader users can also access a range of tools for just a $200 minimum deposit, making this a more accessible option for newer traders looking to upgrade their package. My favorites are the Market Buzz AI news tool and the Analyst Views feed with live trade set-ups. This ultimately means aspiring investors will always have access to a risk-free environment to test trading systems. I’ve been particularly impressed with the wide range of up to 10 base currencies in the Standard and RAW accounts and the accessible $50 minimum deposit. This makes Vantage a good option for global traders and those with less starting capital. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today.
Vantage Markets (or Vantage) is an award-winning multi-asset broker offering clients access to trade CFDs on Forex, Commodities, Indices, Shares, ETFs, and Bonds. With over 13 years of market experience and regulated in multiple jurisdictions, Vantage provides a trusted trading ecosystem that empowers clients to seize trading opportunities. Yes, Vantage offers a decent mobile app which offers access to account management features and trading tools whilst on the move. The application allows you to place trades, follow market news and create watchlists, but I learned that it isn’t the best for serious charting and technical analysis. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.
For those who are looking to learn as they go, Vantage offers a dedicated Academy packed with market analysis articles, trading guides, platform tutorials and webinars. 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. For an alternative trading experience, I think the ProTrader is a compelling option. It features a modernized interface with an impressive suite of technical tools. Again, Vantage doesn’t charge any internal fees for withdrawals, which is a positive if you make regular withdrawals.
ECN brokers utilize electronic execution of client orders since they operate as Over-the-Counter (OTC) derivatives brokers. The advantage of OTC trading over trading on an Exchange is that there is no need for a dealing desk, and client orders are filled much faster. In our reviews, we examine the licenses and regulations of each limefx courses scam entity operated by a broker. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. While the broker’s research and educational offerings continue to expand, Vantage has a ways to go if it wants to compete with the best brokers in those categories.
- Vantage has built a decent foundation for a new mobile trading application with its Vantage App.
- I was also able to execute time limits on my orders, including good ‘til canceled (GTC), good ‘til end of day (GTD) and good ‘til time (GTT).
- I found this account type suitable for all kinds of trading strategies.
- 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.
In comparison, ProTrader features advanced charting capabilities and various tools for market analysis. I recommend the Raw ECN or Pro ECN accounts, as these offer ultra-tight spreads. The availability of the MetaTrader platforms and VPS also means that active day traders using automated systems are catered for.
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.
To measure the quality and speed of customer service at Vantage, I tested the live chat feature by asking several trading-based questions at different times of the day. I received helpful and friendly responses to my queries within 1 minute each time. Vantage also doesn’t disappoint when it comes to additional trading tools. I have been particularly impressed with the comprehensive range of third-party social trading platforms, including Myfxbook and ZuluTrade. The MetaTrader platforms come with some of the most comprehensive libraries of technical indicators and drawing tools. I’m confident that both beginners and experienced traders will be catered to when it comes to charting and analysis tools.
The broker incorporates multiple tools and several platforms, including MetaTrader 4&5 and ProTrader, and has a wide collection of educational materials. The broker displays live spread info on its website, which is easily accessible to visitors of the website. I also compared the numbers displayed to the broker’s live quotes on the platform and determined that they matched. 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. It provides a trusted trading ecosystem that enables clients to achieve their own success, in a faster and simpler manner.
However, the commissions seemed to double when i traded this july 1, 2024. They charge 7 usd for 1 lot half turn trade/ 14 usd for round turn trade. The low starting deposit of $50 ensures accessibility for those on a lower budget and the unlimited demo account allows you to practise trading risk-free for as long as you need. There is also an excellent selection of copy trading platforms, though past performance is no guarantee of future performance. For beginner traders, I appreciate the low $50 minimum deposit, unlimited demo account and selection of educational materials. The in-house platform is easy to use and there are hundreds of popular assets to trade.