Vantage Review 2024: Pros & Cons
Since both platforms are strikingly similar, I found it useful to compare them side by side in the categories below. Importantly, as you can see from my comparison of other brokers below, Vantage also holds its own in terms of access to the best trading platforms. Based on my tests during normal trading hours, the Standard Account offers an indicative spread of 1.4 pips on the limefx 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. As you can see from my comparison table below, Vantage stands up well against two of the most tightly regulated brokers in the industry, Pepperstone and AvaTrade.
Customer Support
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. Serious algo traders will appreciate the virtual private server (VPS) which is available with a $1,000 deposit. However, this is standard practice and Islamic accounts avoid this charge, though an admin fee is levied instead. As you can see from my comparison of suitable alternatives below, Vantage rivals popular brokers when it comes to the breadth of markets. Traders can access a free demo account at Vantage which gives you $100,000 in virtual funds to practice with.
Offering of investments
As you can see from my comparison table below, Vantage stands up well against top competitors when it comes to available payment methods. When trading soft commodities CFDs, traders will have to consider factors including weather conditions, global demand, and geopolitical events that impact their production. 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. Generative AI tools are not a part of our content creation or product testing processes.
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 also like that all accounts are compatible with the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as the broker’s full range of assets.
The VFSC is not a highly respected authority and does not offer the same degree of protection for retail traders in my view. With our expert market analysis, we help traders break down what’s happening in the markets and stay informed about the latest trends. Our analysis includes daily market commentary, and technical analysis reports.
Popular Forex Guides
For example, it would have been more convenient if I had direct access to the web platform after logging in, rather than having to navigate through several pages first. For newcomers, the design may feel a little dated compared to some alternatives, but in my experience, the look and feel of the platform is easy to get used to. I think Vantage could improve its market coverage by introducing Asian share CFDs from exchanges like the Shanghai or Tokyo Stock Exchanges. My only minor complaint is that the selection of shares is lighter than some brokers like CMC Markets. Again, Vantage doesn’t charge any internal fees for withdrawals, which is a positive if you make regular withdrawals.
- The broker’s global user base, strong regulatory oversight and collection of industry awards are reassuring.
- Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
- 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.
- 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.
- Trade gold and silver, the world’s most popular precious metals, which have historically been used as a hedge against inflation and a store of value during uncertain economic times.
Overall, Vantage is among the better brokers operating in the market limefx reviews thanks to its dedicated efforts to deliver excellent added-value for clients. It offers a good range of financial instruments while also providing exceptional trading tools designed to help users maximize their experience. Moreover, the broker’s fees and commissions schedule is very straightforward while emphasizing speedy execution.
For traders who prefer to employ algorithmic trading strategies, the availability of VPS services ensures that investors can gain access to lightning fast trade execution with minimal latency. Investors are also allowed to hedge positions, adding to the strategy potential available through the Vantage services. Help is available via live chat, email or telephone, with waiting times for responses scoring very well. 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.