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The platform is replete with a suite of advanced trading tools, such as technical indicators, order management, custom watchlists, trading signals by Trading Central, alerts, news calendars, and more. It is available as a mobile app that is compatible with Android and iOS devices and can be downloaded from the respective app stores. This is a more advanced trading platform introduced by MetaQuotes in 2010 to take your forex trading to the next level. In addition to offering all of the features of MT4, the MetaTrader 5 trading platform comes with more advanced capabilities, such as 21 timeframes and nine chart types. Furthermore, the platform’s addition of a two-position accounting system — netting and hedging — allows traders to maintain complete risk management control of their accounts in their way. While its educational and research content have improved considerably year over year, Vantage still trails industry leaders in both of these categories.
I’m happy to continue working with them, as long as things stay the same. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). In each category, we conduct an in-depth analysis for both brokers, outlining features, advantages, and disadvantages and determining their suitability for different trader profiles. By blending insights from our extensive reviews with first-hand experiences and observations, we ensure each comparison is balanced, informative, and tailored to the trader’s unique needs.
- This allows users to copy trades of more successful and profitable traders.
- I haven’t encountered any excessive spread widening or any unusual stop loss hunting, at least not on my account.
- Beginner traders can also start with a Demo trading account and practice their trading skills with virtual funds.
- Vantage scores highly regarding how easy it is to contact the customer support team.
- On the contrary, retail clients coming under the Financial Conduct Authority are only eligible for margins as low as 3.33% in the major FX pairs.
Trade Execution
- The broker also removed binary options in 2017 to focus on ECN forex trading.
- We strongly recommend you to seek independent professional advice or to conduct your own independent research before acting upon any information contained on this website.
- Beginning with the positives, the top CFD broker is one of the safest in the industry, authorized and regulated by multiple tier-I watchdogs.
- While the MetaQuotes software comes loaded with several features and trading signals, Vantage FX has included its own set of cutting edge tools to enhance the trading efficiency of clients.
The commission fees are competitive, and there are no additional fees on top of overnight financing charges. The broker’s accounts, compliant with the Sharia Law, feature spreads from 0.0 pips, a $50 minimum deposit requirement, and no deposit fees. The count of tradable instruments, including Forex, commodities, shares, and bonds, reaches over 1,000. Vantage offers several types of trading accounts desVantagened for traders of all experience levels. The options include a Standard STP Account intended for beginner traders, a Raw ECN Account suitable for experienced traders, and a Pro ECN Account tailored for professional traders.
Traded Instruments
If you ignore the few negatives which are way lower than even some of the highly reputed forex brokers, Vantage FX is one of the best Australian CFD brokers for retail clients. Stocks- Vantage FX offers clients the advantage of CFD trading on stocks listed on the US and Hong Kong exchanges. The stock selection broadly comprises of the largest blue-chip companies on the two exchanges with margins as low as 5% and commissions at $6 per trade. You can go long or short, and hold on to your positions as long as you like without the hassles of closing out your open positions before the expiry date or rolling over to the next contract. The email support team usually responds within 24 hours, making it a reliable option for non-urgent inquiries. Phone support is available in select regions, though some users report longer wait times compared to other brokers.
High Minimum Deposit for Pro ECN Account
Those using AstroPay, Neteller, and Skrill will also see funds credited almost immediately and no charges are applied by the broker on transfers using those services. As mentioned above, the size of spreads and accrued commission depends on the type of trading account that a trader uses. But for each traded lot, traders are required to pay a commission of $ 3.00. Pepperstone supports payments via bank wire, credit and debit cards, digital wallets, and cryptocurrency. The broker does not charge handling fees for deposits or withdrawals, though third-party banking fees may apply. Transaction times vary but typically take less than three business days to complete.
Vantage FX is regulated by top-tier regulators and offers competitive ECN trading conditions. To request profits, login to the Vantage FX client portal and navigate to the withdraw tab. All withdrawal requests are processed via the same method used to deposit funds, eg bank transfer. Vantage FX provides all its clients the choice of the MT4 and MT5 platforms across all devices. The best in class platforms support all order types, right from the instant, market orders to the pending, trailing orders.
It offers more than 1,350 CFD instruments across various asset classes, along with a wide variety of platforms and tools. So, if you’re feeling lost about choosing the right forex broker, head to Topbroker, where you’ll find detailed reviews about the best forex trading platforms. Trading fees are considered low, as Vantage FX offers ultra-competitive spreads starting at 0.0 pip for Raw ECN accounts, and 1.0 pip for Standard STP accounts.
For major forex currencies, clients enjoy spreads under 1 pip during high-liquidity periods. Overall, Vantage FX provides a good to above-average user experience. The platform has many tools that help teach brokers to become better, and the copy trading feature is a big plus.
Vantage vs Pepperstone Account Types Comparison
When it comes to the Vantage FX Web Platform, the web platform comes in 39 languages, supports all the order types, including one-click order placements from multiple windows in the workspace. Also, as in the desktop terminal, clients can monitor three chart types in nine-time frames, and the technical tools comprise 30 in-built indicators, 24 graphic objects. The web terminal has reliable data protection, and clients can trade on all the browsers without the need to download the application. Vantage does not charge deposit or inactivity fees, but traders should be aware that swap fees (overnight financing charges) apply to leveraged positions held overnight. While most withdrawal methods are free, some third-party payment providers may impose processing fees. The broker’s regulation by ASIC indicates a reputable broker that keeps to regulatory and ethical requirements.
I especially appreciated the detailed breakdown of strategies like the Opening Range Breakout. Pepperstone delivers high-quality research through a mix of in-house analysis and third-party tools like Autochartist. Led by Chris Weston, the research team provides daily market insights, technical analysis, and trade ideas in both written and video formats. Video content includes quick updates via Trader Insights and deeper analysis in The Trade Off series. Autochartist enhances the offering by identifying key patterns and support/resistance levels.
It offers MT4 and MT5, enhanced with a powerful suite of 28 custom indicators and Expert Advisors (EAs). The broker also supports the seamless cTrader and TradingView platforms. CTrader is optimized for both copy and automated trading, while TradingView offers over 150 https://lunarcapital.net/ analytical tools and advanced charting capabilities. Copy trading is available through both Pepperstone Copy Trading and cTrader Copy. Pepperstone has also developed a proprietary mobile app with a sleek, user-friendly design and solid functionality. In contrast, Pepperstone is the better choice for high-precision trading due to its ultra-fast order execution speeds.
However, while the mobile app is intuitive, it lacks some advanced trading functionalities available on desktop versions. Energy commodities are some of the most important commodities in the world because they are used to power the economy. Vantage FX allows you to trade the energy markets via the MT4 and MT5 trading platforms. The CFD broker offers the most popular energy commodities, such as crude oil, natural gas, gasoline, and heating oil, allowing you to take advantage of fluctuations in the prices of those commodities. Vantage FX offers access to the most liquid global FX markets, allowing traders to trade over 40 forex pairs.
With a Vantage FX MT4 or MT5 trading account, traders can seamlessly open short-term or long-term position trades in physical gold and silver. Also, they can trade in both long and short directions and can hedge their physical positions whenever they see the market turning. A $4.0 commission for a 1 Lot trade on the Pro account is very competitive.
The broker follows industry best practices, offering segregated client funds and negative balance protection to enhance trader security. At Vantage there are no charges for opening any of the supported account options. However, traders must comply with the broker’s account minimum requirement, which starts from $50. Vantage stands out from many other brokerage companies by not charging inactivity fees, which can be advantageous for trailers who may not trade regularly.
Unlike most other regulated brokers, Vantage offers a cash bonus, as well as access to real ECN execution. With spreads starting at 0 pips, there is no need to sneeze on the trading conditions either. Vantage offers a strong educational program that covers in-depth and often overlooked topics, such as indices trading. It has published more than 100 educational webinars on its YouTube channel, addressing areas like technical and fundamental analysis, trading psychology, and risk management. Additionally, the broker provides commission-free share CFD trading with low spreads, making it one of the top choices for stock-focused traders in the industry. Although Vantage FX offers multiple account types, the Pro account has a high minimum deposit of $10,000 which represents an obstacle to some traders.
Please, note that the costs per micro and standard lot are for a single side of the trade. Let us start with the Raw ECN Account round turn commission rates based on the available account currency options for Vantage customers, with calculations for standard, mini, and micro lot trading. Vantage supports several trading platforms desVantagened to meet the preferences of different traders. Users can trade on the all-in-one Vantage App, MT4, MT5, ProTrader (powered by TradingView), Copy Trading, or the Demo Trading platform. Beware of Vantage PAMM account Manager user name is “Steady Growth” he’s amateur trader under Kaltoire Group on myfxbook.