The Financial Commission while impartial, is not a government body or regulator. scammed by limefx Of course, it’s always a good idea to hold only a fraction of your trading capital in any one trading account at one time. For traders outside of those particular countries, your account will be regulated by Vanuatu’s VFSC (Vanuatu Financial Services Commission). Vantage is a member of The Financial Commission, which is an independent dispute resolution body. One particular downside with Vantage ProTrader is that it’s browser-based, which could be a problem if you have a slower computer.
Advanced Trading Tools & Features
- 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.
- Vantage is required to do this due to regulatory KYC (Know Your Client) processes.
- The broker’s regulation by ASIC indicates a reputable broker that keeps to regulatory and ethical requirements.
- All withdrawal requests are processed via the payment method that was used to make a deposit.
- 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.
If you ever have a problem or an inquiry regarding your Vantage account, there are a number of ways you can contact the customer support team to have things resolved. We were also happy to see that trading commodities were easily accessible with Vantage. There are options to trade products such as cotton, cocoa, sugar, orange juice, wheat, and even soybeans. The deposit options are especially good for traders in Australia, with a number of instant or completely fee-free options. The amount of leverage that you’re offered depends on a number of things including which product you want to trade, your account type, and which government body regulates your particular account. Like with most brokers, a demo account is available so you can test out the platform and the broker before committing.
Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. Vantage is a top-tier limefx broker reviews broker with some of the lowest trading fees I have seen. Compare Vantage with the top 3 similar brokers that accept traders from your location. To get started, simply choose from the list of Spotlight or Signals providers, decide how much you want to trade, and add any risk management parameters.
While this is pricey, I think the benefits are worthwhile, since I was able to access custom watchlists, hundreds of technical indicators and daily trade ideas. 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.
There are also 29 stock indices, such as the S&P500, the Australian SPI200, and the FTSE100. These are great if you want to take a position on the direction of a country’s stock market, or even a segment of a particular stock market. Next, we had to share details of our employment status and financial position. Vantage is required to do this due to regulatory KYC (Know Your Client) processes. A few notable brokers such as Pepperstone, LimeFX, FXTM, AXI and LimeFX use this body to resolve disputes and on average claims take about 5 days to resolve.
Vantage:All-In-One Trading App
For an alternative trading experience, I think the ProTrader is a compelling option. It features a modernized interface with an impressive suite of technical tools. 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. I appreciate that there is no minimum transaction on credit card and international bank transfer withdrawals but there are minimums on most other methods starting from $0.01 for Perfect Money. Thankfully, Vantage gets an easy seal of approval and a very high trust score from me.
Key Pros and Cons
Some of the awards include Financial Trading Services Provider of the Year, Financial Trading Services Provider of the Year, Best ECN Broker, Best Customer Support, and Best Forex Education Asia Pacific. Forex Swap rates are affected by market conditions and the interest rate of the affiliated countries of the chosen Forex currency pair. Vantage Group of companies is authorized and regulated in various jurisdictions. Note that Vantage FX does not offer its services to residents of specific areas such as North Korea, Japan, the United States, and other regions. If you have traded with Vantage we would really like to know about your experience – please submit your own review.
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. However, Vantage trails industry leaders in key areas such as research and education. Yes, Vantage offers a decent mobile app which offers access to account management features and trading tools whilst on the move.
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. If you’re a complete beginner and want to learn how to trade, you can find better educational options elsewhere. But, if you somewhat know what you’re doing, Vantage offers competitive spreads and commissions.