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. The broker’s proprietary copy trading platform is ideal for copy traders looking for additional perks. The MetaTrader platforms come with some of the most comprehensive libraries of technical indicators and drawing tools.
Firm’s he has worked at include big banks like Citi, and prominent hedge funds including D. This account type offers access to the full range of markets supported by the broker and its minimum balance requirement is $200. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. 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.
However, any of the payment channels above may levy charges for making the transactions happen. Although Vantage offers access to a lot of Forex pairs and shares CFDs, popular instruments such as cryptocurrencies and some exotic Forex pairs are absent. Then, it does not provide access to buying or investing in underlying assets such as shares and crypto tokens.
Eight different base currencies are available for the trading account, and an Islamic account version is adjustable. After my tests, the execution for trades at Vantage Markets is sensational and happens directly without requotes. You can rent a VPS server if you need an even faster connection. In summary, Vantage Markets stands for a professional trading experience at low fees. If your own experiences align with the narratives around the “vantage markets scam” or “vantage markets withdrawal problem,” we strongly urge you to make contact. Our organization provides a comprehensive array of services including mediation, conciliation, ombudsman proceedings, and arbitration.
Your account at Vantage
- Our Vantage review involved testing the MetaTrader MT4 WebTrader platform.
- In total, Vantage offers 24 different CFDs across a range of different financial instruments and assets.
- The broker is regulated by the Australian regulator ASIC, the Cayman Islands Monetary Authority CIMA, and is audited by KPMG (auditing firm).
- The website also hosts a helpful and detailed FAQ section which may remove the need for you to contact the support team at all.
- However, sometimes, depending on the situation, if contacted, Vantage can help a client restore their account to a neutral balance after which the client can redeposit funds and resume their trading.
- Find out about the conditions for traders and find out if investing your money there is worthwhile.
It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. Vantage currently offers CFD trading across forex pairs, indices, commodities, metals, energies and US/UK/HK/EU/AU shares. In total, Vantage offers 24 different CFDs across a range of different financial instruments and assets.
No conflict of interest because of ECN
The underlying story exhibits consistency, as traders have encountered difficulties in the process of withdrawing their earnings. While its educational and research content have improved considerably year over year, Vantage still trails industry leaders in both of these categories. This allows the broker to secure adequate capital to meet its future commitments. The demo account from Vantage enables traders to trade with real-life conditions, even though they are trading with unreal funds. Traders have permanent access to the account as there are no time limits for its use.
What extra trading services does Vantage offer?
This ultimately means aspiring investors will always have access to a risk-free environment to test trading systems. During our Vantage review, we found that submitting the required registration information takes less than five minutes, matching the claim made on the broker’s site. The information to be included ranged from basic address details to information about how much trading experience new users have and the source of funds that will be used to trade the markets.
How To Open A Vantage Account
Vantage makes all of these key tools available via the trading platforms. This position allows them to obtain the very best prices from liquidity providers on the market to offer you as a trader. A common live account choice for many traders at Vantage and another great starting point for newer traders is the Vantage Standard STP Account.
Traders can also access several timeframe options and order types. Importantly, as you can see from my comparison of other brokers below, Vantage also holds its own in terms of access to the best Worldtradex cheating trading platforms. I feel the Vantage Rewards scheme will be most valuable for active traders, though I strongly urge traders to approach any financial incentives with caution.
Traders can execute trades in the market for 24 hours, 5 days a week. Vantage offers a selection of promotions through its offshore entity. However, we do not recommend picking a forex broker based on their financial incentives – this can encourage over-trading and excessive risk-taking. Other comparison factors, such as trust, safety, tools and fees are more important. Importantly, both accounts have a low minimum deposit of $50, which will appeal to those on a budget.
It was good to see that e-wallet withdrawals process almost instantly. However, other methods require longer to process with bank wire withdrawals taking up to five working days. I appreciate that the broker charges no deposit or withdrawal fees but some payment methods have third-party charges, for instance, international wire transfers as outlined above. 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.
- Based on my first-hand worldtradex review, the firm is an excellent choice for traders looking for low fees, best-in-class tools and a range of global markets.
- The payment channels that will be available to you will depend on your location.
- Why do you want to trade with this undoubtedly serious online FX / CFD provider?
- The minimum deposit amount is $200, but it can be processed using a variety of payment agents.
- Traders have permanent access to the account as there are no time limits for its use.
In addition to Skrill, Neteller, BPay, Poli, credit cards, debit cards, and UnionPay transfers, Vantage Markets now accepts bank wire transfers, local bank transfers, and credit and debit cards. We now showed you all the advantages and disadvantages of the Broker to help you make an informed decision. Before we conclude the article, we would like to introduce you to the alternatives to Vantage Markets in case you feel like you need a different fit for you. One feature we found particularly beneficial was the monitor in the sidebar, which kept track of our progress and gave a suggested amount of time until completion. In addition to all the above, both MT4 and MT5 are available in Web Trader versions, for those who cannot or do not want to download anything to their local machines. The web trader versions are surprisingly capable and customizable as well.
For example, traders can earn V-points in the Vantage Rewards scheme which can be redeemed for cash, deposit rebate vouchers, lucky draws, profit boosters and more. Choosing a broker that is licensed by a trustworthy regulator should be a top priority. Strong regulatory oversight helps protect you from scams and gives you access to robust safeguards like negative balance protection and jurisdictional restrictions on leverage. Reliability Vantage extends not only to the financial support of firms but also to the provision of services. Thanks to the advanced functionality of the platform, MT4 Vantage can conclude transactions with lightning speed.