Because markets move 24 hours a day, 5 days a week the broker understands how important it is for Forex traders to be able to access the market anywhere, anytime. The ability to customise charts using chart studies and indicators is unmatched, with literally tens of thousands of options for Forex traders to choose from. This means that no matter your trading style or system, the MT4 platform has a custom charting option exactly for you.
Should You Trade With Vantage?
You should take into consideration several factors, such as whether the account type has a minimum deposit requirement, its spreads and commissions, the execution method, and more. I was strongly impressed by Vantage’s proprietary trading app powered by the seamless TradingView. It offers a superior design with numerous functions, enabling easy market access and real-time monitoring of market trends for on-the-go position adjustments. It facilitates technical analysis by providing an overview of price action behavior. Chart artists use many analytical tools and chart configuration possibilities to examine it from multiple angles. In my experience, the really important aspect of a chart is how easy it is to scale price action up and down.
What is the best gold trading broker for beginners?
On the other side, the ECN account types feature raw spreads from 0.0 pips that incur commissions of $3 per trade for the lower tier account and $2 per trade for the higher tier account. In addition to all the other account features available, Vantage has also got a number of other bonus features that make an account with it even more appealing. This includes a ‘refer a friend’ scheme, an active trade programme, a 50% deposit bonus, and a rebate scheme. The ‘refer a friend’ scheme is potentially lucrative and gives you the opportunity to earn a $150 bonus for every successful referral – this also gives them a $100 sign-up bonus. The active trader promotion offers users who open a Standard STP account funded by at least $10,000 the opportunity to earn bonuses based on their account activity. The welcome bonus provides a bonus of 50% on deposits of up to $500 for users signing up to the Vantage account.
Account Types and Terms
- Investors are also allowed to hedge positions, adding to the strategy potential available through the Vantage services.
- ZuluTrade, another solution provider Vantage has teamed up with, is at the peak of its social trading experience.
- Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today.
- Considering the negatives, though, it is a shame that the broker’s global entity, Vantage Global Limited, is regulated offshore by the Vanuatu Financial Services Commission (VFSC).
- We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
These include apps such as ‘Correlation Trader’, which enables users to compare the correlation between two symbols and trade emerging differences. Correlation strategies are beneficial for gold traders, as the yellow metal has a positive correlation with instruments such as AUD/USD. The award-winning IG Web Platform is intuitive, highly customizable, and packs a robust limefx forex broker range of features. These include popular items like watchlists, alerts, one-click trading, and trading from the chart. While trading on the IG Platform, I appreciated the ability to customize it to your preference and create multiple workspaces.
This tool allows you to practice learning everything you need to trade online without spending a cent of your own savings on these goals. Fast, convenient, reliable, and most importantly – it is a very productive tool. MT5 is obviously an upgrade from MT4, but still, it is slightly less popular than its successful predecessor. Those looking for better and easier ways to create personalised technical indicators and experts will certainly appreciate the improvements made by MT5. MT4 is the most popular trading platform in the world, perhaps the centrepiece of the Vantage offer.
Vantage pros & cons
This latest version of MT5 makes all the difference to professional Forex traders, as many Forex brokers running older versions of the platform does not allow you to hedge your positions. Vantage is tight and historic relationship with MetaQuotes means that they are always at the forefront of developments and offering the ability to hedge in MT5 is no different. The platform becomes even more powerful once it is connected to the brokers deep FX liquidity pools via the custom made oneZero™ MT4 Bridge. Vantage has worked hard alongside MetaQuotes to fine-tune their fibre optic network and servers to fully exploit MetaTrader 4’s Forex trading capabilities.
Our analysis confirmed that Vantage offers a comprehensive range of educational materials – including articles, videos, courses, limefx review and webinars. The Academy section of the website hosts detailed guides covering topics such as trading strategies and trading psychology. For novice traders, there are materials styled as a course, ranging from market terminology to technical and fundamental analysis. We observed that these materials are frequently updated and of high quality.
A compensation fund is sometimes available in the event of broker insolvency. Founded in 2014, LimeFX earned a high mark in our trust category, with five entities primarily licensed by first and second-tier regulators. Futures and options on gold are also available for UK clients, giving traders a broader choice of contracts. Gold traders need quality order execution and MultiBank is a non-dealing desk broker using Straight Through Processing (STP) for optimal fills. Deposits and withdrawals are free and fast, also there is a wide range of available methods. Customer support at MultiBank Group is first class and we experienced almost zero wait times in our tests.
Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. You can get daily market updates from the brokers website with charts and technical/fundamental analysis to help inspire trade ideas. Make smarter trading decisions and find key price levels by taking advantage of the Vantage Forex calculators. Forex markets are always traded as currency pairs where a Forex trader will always buy or sell one currency in terms of another. An example of one such trade would be a EUR/USD buy trade, meaning buying EUR and selling USD.