DupliTrade allows Vantage clients to duplicate the trades of experienced proprietary traders. Vantage have partnered with Trading Central to provide daily market commentary, global financial news, and in-depth market analysis, conveniently accessible from the Vantage app. Sentiment analysis is another tool that Forex traders can use to make trading decisions, adding it to their standard arsenal of fundamental and technical analysis. It works side by side with these methods of analysis by helping to alert you of any supply/demand imbalances which could lead to potential reversals in price. limefx broker reviews The AutoTrade service is an online FX trade copying platform with over 90,000 FOREX traders. Connect a Vantage account with AutoTrade to auto copy and trade with access to in-depth analysis and statistics.
“Bad Customer Service”
- Vantage Markets provides the copy trading feature, which allows beginner investors to trade while copying the moves of successful traders.
- These additional tools are a great way of adding some social and automated trading features to your trading account.
- Vantage FX allows you to trade the energy markets via the MT4 and MT5 trading platforms.
- Vantage also has an entity that holds regulatory status with the Cayman Islands Monetary Authority (CIMA), and by the Vanuatu Financial Services Commission (VFSC) in Vanuatu.
- At this time, we haven’t tested the spreads with VantageFX ourselves but when we do, we will update this page.
- Vantage offers extensive educational resources, including detailed guides, up-to-date articles, educational webinars, and specialized courses on Forex market trading.
AutoTrade is a popular FX copy trading platform with which Vantage collaborates. To open an Islamic account, complete a simple online application and provide the requested identity verification documents. Verification of the account requires providing documents that prove identity.
Standard STP Account
These visually display the overall sentiment ratio of long and short positions at Vantage. 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. I want to stress that while high leverage can boost potential profits, it can also cause significant losses.
Traders can also apply for a non-expiring demo solution by contacting customer support via email. The broker also removed binary options in 2017 to focus on ECN forex trading. Yes, Vantage FX is regulated by CIMA, FCA, and ASIC, which are regulatory bodies from the Cayman Islands, the UK, and Australia, respectively. As part of this regulation, the broker stores client funds in segregated accounts and prides itself on offering a high level of transparency. As part of our Vantage FX review, we tested all customer support contact methods. We found that the multiple channels give comprehensive and convenient coverage so that you’re never stuck without help.
Clients’ funds are placed in a separate bank account for further protection and the company has indemnity insurance to cover all operations of its representatives and employees. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. 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. Versus, comparison pages of alternative online brokers to Vantage FX are listed below.
Daily Market Analysis
If you do take up a swap-free account, do note that swap costs are replaced with a daily administration charge so one could argue this account is not a true sharia law compliant Islamic account. After rigorously exploring Vantage’s platform, I found the research tools to be fairly comprehensive. I also appreciate that strategy providers are more rigorously vetted, with certain performance requirements needing to be met before their positions can be mirrored. 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.
Vantagefx.com also has a proprietary mobile app, which provides access to 250+ tradable instruments. You can open a demo account, chat with customer support, make deposits and withdrawals and more. The Vantage FX app can be downloaded from Google Play and the Apple App Store, where it has many positive customer reviews. Vantage FX offers three trading platforms, depending on where you’re located. A trading platform is simply a software interface that allows you to place trades. Trading platforms often come with charting, research, and order processing tools, too.
Trading Platforms: 4/5
- You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- I was pleased to find no deposit or withdrawal charges, keeping costs down.
- Review updates ensure that all the information we provide is current and correct.
- While this account type does not incur any swaps or interest charges on overnight positions, the account holder is charged an administration fee on trading positions.
- 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.
- While I rate the competitive ECN accounts, I think it’s a shame that some serious traders will miss out on the best trading conditions in the Pro ECN solution.
Vantage also offers a specialized article-based course on Forex trading. This course covers various topics, including an overview of the Forex market, market analysis, and trading psychology. These tools provide traders with premium access to exclusive analytical data, trading setups, and real-time news, making trading more informed and strategic.
How To Place A Trade
Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. Spreads are super tight, execution is fast and reliable, platform is great. 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 3 Vantage customer reviews submitted by our visitors. Overall, beginners and intermediate traders should find plenty of resources at Vantage, though I would say that the selection is not as comprehensive as other brands like IG.
KYC Procedure for Account Creation and Depositing
Vantage is required to do this due to regulatory KYC (Know Your Client) processes. The good news is there are no charges when it comes to deposits, withdrawals, and inactivity. The Australian Securities and Investment Commission (ASIC) and England’s Financial Conduct Authority limefx scammers (FCA) are both very tight on how much leverage is allowed for retail traders. If you are of Islamic faith and comply with Sharia law then the use of a riba is forbidden. In the case of trading, a swap fee (sometimes called an overnight charge or rolling fee) is considered a form of riba and is therefore not permitted. For this reason, a Swap Free Islamic Accounts is available provided you can prove your eligibility.