You need an ROI of 2.5+ to get your commission paid and historically I have a 10+ ROI, so never was an issue. Now suddenly they changed it to be both historical and monthly even though they paid my commission before where the monthly ROI was below but my historical was way above. I also had a problem and the support team provided great assistance. However, note that https://limefx.name/ most of the broker’s regulators do not require insurance for the funds of the clients. Stay vigilant, research thoroughly, and protect your hard-earned money when considering investment opportunities. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.
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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. 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. This ensures that beginners won’t miss out on the opportunity to trade on the same platforms as experienced traders. Vantage continues to offer commission-free trading on global markets with tax-free profits for traders from the UK and Ireland.
Is Vantage Markets easy to use?
To do so, upload a photo of proof of identity and proof of residence. The documents are usually confirmed within 24 hours (that’s how it was for me), and then all the functions of the trading account are available to you. Also, additional add-ons or indicators can be added to improve the charting. The MetaTrader will be installed with a wide range of standard indicators. On request, however, self-programmed tools can also be added to the software.
Does Vantage Markets offer two-factor authentication (2FA) for account security?
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. I strongly recommend employing risk management tools such as stop-loss orders.
Are Vantage Markets’ educational materials available to all traders?
Fortunately, this minor drawback is outweighed by the ease of overlaying indicators and drawing tools, plus the integrated economic calendar, newsfeed, market analysis, and even FX TV. This broker offers a Standard STP Account with a minimum deposit of USD 50, providing traders with institutional-grade liquidity and transparent pricing. A quick look at their Trustpilot page shows that the company is known for losing customers’ money. There are also claims of unethical behaviour from their admin staff and accounts of people ceasing trading on their platforms due to concerns of suspicious activity. The company is known to pay for negative reviews to be removed on the site Forex Peace Army, which has aroused suspicions that the positive reviews being placed on their site are in fact fake. Just keep in mind that you can start and maintain a live trading account having a $0 balance and that there are no account holding or maintenance fees.
Overall, Vantage Markets Review can be summarised as a trustworthy and well-regarded entity within the online financial trading arena. They have a global presence in crucial financial hubs like Australia and South Africa. Lastly, we must remember XTB as another alternative, best if you are looking for a broker which has been on the market for close to twenty years now. The company has offices in more than 13 countries, including UK, Germany, France, and Chile.
Trading Forex, CFD, Binary Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 66-84% of retail investor accounts lose money when trading CFDs with the providers presented on this site. The information and videos are not investment recommendations and serve to clarify the market mechanisms. The texts on this page are not are not investment recommendations. The fees and commissions charged on CFDs trading are a bit on the high side when compared to other brokers.
The customer service is also responsive and available at almost all times of the day. Dear Simon Poortman,Thank you for taking the time to leave us with your feedback and for recommending us. We are delighted to hear that you have had a positive experience with us. We look forward to providing you with further positive experiences in the future. Dear Kenny,Thank you for taking the time to leave us with your feedback.
- 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.
- From our experience, support for Vantage Markets is lightning fast.
- Vantage Markets offers a free demo account, which is also unlimited here.
- The PRO ECN account reduces fees to $1.5 per lot per side, making it cost-effective for expert traders dealing with large volumes.
- These platforms are the foundation of many people’s online trading, and the guidelines explain how to use their capabilities efficiently.
- I strongly recommend employing risk management tools such as stop-loss orders.
Note that Vantage does not permit any third-party transactions. Whenever you carry out any deposit or withdrawal transactions, the account you use must be owned by you and be registered in the same name you used to open your Vantage limefx official site account. Otherwise, Vantage may stop the transactions from going through. Vantage is a top-tier broker with some of the lowest trading fees I have seen. It’s just a shame the Pro account has a steep $10,000 starting investment.
However, any of the payment channels above may levy charges for making the transactions happen. Before you register and start trading with Vantage, it is important to be aware of the positive and negative aspects of the broker’s services. Our organization takes great satisfaction in serving as a symbol of optimism for those who find themselves entangled in the intricate realm of Internet trading and investing.
In addition to copy trading features, Myfxbook Autotrade offers journal features where you can keep track of your trading history. I’m particularly impressed by the quality of research tools in the app. For an alternative trading experience, I think the ProTrader is a compelling option.
Three account types are offered with the minimum deposit for a Standard trading account being $200. Their Raw ECN account require a $500 minimum deposit, and they have 0.0 spreads. Technically speaking, you can fund your trading account with just $50. All forms of payment have no additional costs for deposits; however, customers are still responsible for whatever fees their banks may levy. All withdrawal applications are processed Monday – Friday, 9 am to 7 pm (AEST), within a single business day. The next potential alternative you could consider is RoboForex.
A key feature of Vantage services is cheap and affordable trading. The spreads the broker charges across instruments are minimal, meaning that traders can get the best out of a profitable trade. Overall, Vantage Markets is valued to be proper for retail traders with small deposits who like the max leverage thresholds. In terms of pricing, the broker’s commission-based Raw ECN account is the clear choice for cost-sensitive traders as it features a lower all-in cost compared to its Standard account offering. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.
Vantage remains fully compliant with FCA (UK), ASIC (Australia), CIMA (Cayman Islands) rules and regulations. Finding the right broker for you is not easy, but hopefully you now know if Vantage is the best choice for you. If you are still unsure, you can use our forex broker comparison to get a quick overview. It is the brand name of the Vantage International Group which is regulated by the Cayman Islands Monetary Authority (CIMA). Before it is known as Vantage Markets as today, they used to be MXT Global in 2009 and Vantage Markets Pty LTD in 2015.