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 MetaQuotes WebTrader platform for MT4 and MT5 offers clients a robust method to trade directly from their browser, and it’s compatible across Windows, MacOS, and Linux operating systems. The MetaTrader 5 platform (MT5 platform), is the next generation of Forex trading platform to roll off the production line at MetaQuotes. MT5 is the direct successor the most well known and most popular Forex trading platform, MetaTrader 4 (MT4) and to take your Forex trading to the next level, you need to make the upgrade too. The table below highlights the spreads differences between Vantage and Pepperstone, helping you decide which broker offers the best conditions for your trading needs. Whether you prefer traditional methods like credit or debit cards and bank wire transfers, or digital options like Skrill, Neteller, and crypto, Vantage supports multiple payment solutions to suit your preferences.
Social Trading
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. ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers.
Other comparison factors, such as trust, safety, tools and fees are more important. MT4 is better suited to beginners while more experienced traders will appreciate the additional analysis tools, pending orders and faster processing speeds of MT5. 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.
Vantage processes withdrawals within two business days, ensuring efficient and timely fund transfers. However, payments to and from overseas banking institutions may attract intermediary transfer fees from either party independent of Vantage FX. However, CFTC regulation is absent; therefore, Vantage FX cannot provide its services to citizens or residents of the United States. 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. Triple swaps are applied on Wednesdays for Forex instruments to account for weekend settlements, aligning with the standard T+2 spot FX settlement cycle.
ProTrader Trading Platform
This is a really great function that sets this tool apart from other copy trading apps. There are no deposit or withdrawal fees, which is an advantage over firms like eToro, which charges $5 per withdrawal. Moreover, the broker will cover the first 20-unit fee from international bank transfers every month which helps keep transfer costs down. The Standard STP account offers commission-free trading with spreads from 1.0, while the Raw ECN account has lower spreads from 0.0 pips with a commission of $3 per lot per side. Professional traders and money managers also have the option of the Pro ECN Account. This offers some of the lowest pricing around, with spreads from 0.0 pips and commissions from $1.50 per side.
Read our full explanation and accounting of our research and testing process to learn more about how we test. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Vantage pros & cons
When you connect your Vantage account to DupliTrade, you gain access to a folio of hand-picked prop traders. Then, you simply choose the traders you want to copy based on their performance, strategy and trading style, and their trades will be duplicated on your Vantage MT4 or MT5 account. MT5’s addition of a two-position accounting system (netting and hedging), allows traders to maintain full risk management https://lunarcapital.team/ control of their account, in their own way. At Vantage, they understand how important the management of risk is and they don’t want clients’ trading platform to be an unwanted restriction to achieving their goals. If you choose to open a Vantage trading account, you will be able to trade energy markets on MT4 or MT5 with ease.
- Additionally, social trading features are available through ZuluTrade and Myfxbook, which can be integrated with your Vantage account.
- I found that there are five levels (Explorer to Legend), with better returns as you attract more traders.
- I was able to access convenient account management features, as well as trade monitoring.
- This means that no matter your trading style or system, the MT4 platform has a custom charting option exactly for you.
As for accessibility, I’m pleased to see that Vantage offers both the web and desktop versions of the platforms. It’s easy to access all Lunar Capital company reviews options from the client dashboard under the ‘Downloads’ tab. Considering the negatives, though, it is a shame that the broker’s global entity, Vantage Global Limited, is regulated offshore by the Vanuatu Financial Services Commission (VFSC). The VFSC is not a highly respected authority and does not offer the same degree of protection for retail traders in my view. 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.
The broker also provides an extensive FAQ page, which is where I recommend starting if you have a basic query. The search bar makes finding relevant information intuitive, and there is enough content to deal with standard account and product conditions. 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. As well as providing analytical tools and complete control over copied trades, it can also act as an automated trading journal by tracking and analyzing your trading history.
Forex markets are always traded as currency pairs where a Forex trader will always buy or sell one currency in terms of another. An example of one such trade would be a EUR/USD buy trade, meaning buying EUR and selling USD. Our tables provide a detailed comparison of their spreads, quotes, and trading volumes. Currency conversion fees are applied when the deposit or withdrawal currency differs from the base account currency.
Additional Tools
Vantage offers numerous free educational materials in the library section of their website which are accessible to their registered clients. These materials are in several formats, including articles, courses, and tutorial videos and cover topics ranging from trading market updates, forex guidelines, and trading psychology. Whether you are a novice, or a professional trader, all clients can now benefit from receiving daily market analysis as it happens.
Yes, based on your detected country of FI, you can open an account with this broker. If you have traded with Vantage we would really like to know about your experience – please submit your own review. This average customer rating is based on 4 Vantage customer reviews submitted by our visitors. After rigorously exploring Vantage’s platform, I found the research tools to be fairly comprehensive. 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.
- 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.
- Both platforms offer algorithmic trading robots, known as Expert Advisors (EAs), that can be used for automated trading strategies.
- With access to various financial markets and a range of trading platforms, traders can execute their strategies with confidence.
- Beyond its trading services, Vantage places a strong emphasis on education and innovation.
Its fee model supports a range of strategies, including scalping and high-frequency trading, by maintaining consistently low costs across account types. Vantage offers a robust copy trading feature, allowing traders to replicate the trades of seasoned professionals directly within their accounts. This feature enables traders, particularly beginners, to follow and mimic the strategies of successful traders, making it easier to learn and profit from the expertise of others. By using Vantage’s copy trading platform, users can track top traders, view their strategies, and automatically replicate their trades, creating an accessible pathway to active participation in the markets. Vantage offers a range of trading platforms that accommodate traders at all experience levels.
MT4 and MT5 are hugely popular trading terminals that offer powerful charting tools and customizable layouts. Since both platforms are strikingly similar, I found it useful to compare them side by side in the categories below. 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. Based on my tests during normal trading hours, the Standard Account offers an indicative spread of 1.4 pips on the EUR/USD, which is reasonable though not the lowest. With that said, the commission-free trading model will serve new traders looking for straightforward pricing. When I used Vantage, I found that clients registering with the offshore entity can access several bonus deals and promotional offers.
Overall though, there is good depth of market in a wide range of asset classes, and this sets Vantage apart from many brokers out there, which often offer around 200 or fewer instruments. However, other methods require longer to process with bank wire withdrawals taking up to five working days. Withdrawals can be made with the same methods as deposits, with additional support for Bitwallet and Perfect Money.
Additionally, I didn’t find a history of scams or malpractice at Vantage during my research. Opening hours for each asset can be found in the respective instrument section on the broker’s website. Finally, the broker has bagged several industry awards from CV Magazine, Fintech Awards, The Forex Awards, IB Times Trading Awards, and more. Some of the awards include Financial Trading Services Provider of the Year, Financial Trading Services Provider of the Year, Best ECN Broker, Best Customer Support, and Best Forex Education Asia Pacific.