While retaining the familiar look and feel of MT4, MetaTrader 5 truly is a next generation Forex trading platform. Trading on MetaTrader 5 with your Vantage account can help you to gain your trading edge. Lightning fast execution speeds, the tightest of spreads and even more powerful charting capabilities than MT4 are just some more of the features that make MT5 so powerful.
Vantage is the best platform I have ever used.
Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Vantage offers its own proprietary trading app, alongside the standard MetaTrader suite of mobile apps. Vantage has built a decent foundation for a new mobile trading application with its Vantage App.
Delivered through powerful trading platforms, Vantage puts significant emphasis on user trust and transparency, which is backed up by an award-winning customer support team. This combination has helped Vantage to become one of the market leaders in the Australian market. In addition to the auto trading features in the MetaTrader 4 and MetaTrader 5 apps, Vantage also provides users of the platform with access to ZuluTrade and Myfxbook AutoTrade tools. These additional tools are a great way of adding some social and automated trading features to your trading account. The Myfxbook AutoTrade tool allows you to seamlessly integrate copy trading into your Vantage investment account by connecting you to a growing network of over 90,000 forex traders.
What you can do, though, is easily view live chart data alongside corresponding analysis and events all on the same page, which I thought was highly intuitive. I also like that clicking on each chart opens it up in full-screen landscape mode, so you can pinch and zoom for a greater level of detail. I was also able to execute time limits on my orders, including good ‘til canceled (GTC), good ‘til end of day (GTD) and good ‘til time (GTT). In terms of the look and feel, I personally find trading on this software a more enjoyable experience than MT4 and MT5. The default dark mode workspace is easier on the eye, especially when layering color-coded indicators and graphical objects. 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.
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Again, Vantage doesn’t charge any internal fees for withdrawals, which is a positive if you make regular withdrawals. Choosing a broker that is licensed by a trustworthy regulator should be a top priority. Strong regulatory oversight helps protect you from scams and gives you access to robust safeguards like negative balance protection and jurisdictional restrictions on leverage.
- Both platforms feature flexible charts and market watch windows which can be re-sized to my preferences.
- I also like that clicking on each chart opens it up in full-screen landscape mode, so you can pinch and zoom for a greater level of detail.
- Additionally, I didn’t find a history of scams or malpractice at Vantage during my research.
- This isn’t really a major drawback for me as I prefer the wide-screen functionality that you get on the desktop and web platforms.
- Both MT4 and MT5 facilitate the four key types of order (market order, pending order, stop loss, and take profit).
Pros and Cons
Vantage also offers indemnity insurance that covers the work done by its representatives, employees, and other authorized individuals. ForexBrokers.com has been reviewing online forex brokers for over limefx scam eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Vantage have partnered with Trading Central to provide daily market commentary, global financial news, and in-depth market analysis, conveniently accessible from the Vantage app.
The best part for me is that both MT4 and MT5 follow the same design, which means there is virtually no learning curve for those who switch from one platform to the other. There is also a deposit bonus scheme where you can earn a 50% credit bonus on deposit amounts from $500 up to $196,000+. As expected, wire transfers are processed within 1 – 2 business days for domestic transfers and 2 – 5 business days for international transfers.
Please note, some markets may only be available via CFDs or other derivatives. 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. Nonetheless, the client area does include the TradingView-powered sentiment indicators which are very useful.
A VPS uses an external server to manage your trading connectivity ensuring that the MT4 platform is running 24 hours a day and is not subject to downtime caused by electrical or computer problems. Many Forex traders use VPS technology to ensure that their Expert Advisors (Forex trading robots) can run non-stop. If you maintain a minimum account balance of $1,000, you can apply for a free forex VPS.
In our experience, both deposits and withdrawals to the platform are processed quickly with minimal delay. Overall, the writer of this Vantage review found that using the platform is relatively simple. If you have any previous experience of similar trading platforms, then using it shouldn’t be too much of an issue. The website itself is well laid out, and a useful search bar allows you to pull up any information you might be searching for in an instant. The trading experience via the MetaTrader 4 and MetaTrader 5 platforms is very much what you have come to expect.
While I rate the competitive ECN accounts, I think it’s a shame that some serious traders will miss out on the best trading conditions in the Pro ECN solution. The minimum deposit is pretty steep at $10,000 – more than other pro-level accounts I have reviewed. I’ve been particularly impressed with the wide range of up to 10 base currencies in the Standard and RAW accounts and the accessible $50 minimum deposit. This makes Vantage a good option for global traders and those with less starting capital. The Standard STP account is my pick for beginners – commission-free trading is available with floating spreads from 1.0 pip.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Blinken first raised the proposal with the French foreign minister Monday and then broadened his outreach that evening at a dinner with the foreign ministers of all the Group of Seven industrialized democracies. The U.S. officials said Hezbollah would not be a signatory to the new cease-fire proposal but believed the Lebanese government would coordinate its acceptance with the group. They said they expected Israel to “welcome” the proposal and perhaps formally accept it when Israeli Prime Minister Benjamin Netanyahu speaks at the General Assembly on Friday. For sending notifications and alerts to clients for specific activities and may also perform some automated actions. I think Vantage could improve its education by introducing more interactive learning materials such as courses with quizzes or progress trackers.
However, I am not a fan of the ads, and it is still a long way off from competing with the best mobile apps in the industry. Vantage offers numerous free educational materials in the library section of their website which are accessible to their registered clients. These materials are in several formats, including articles, courses, and tutorial videos and cover topics ranging from trading market updates, forex guidelines, and trading psychology. Whether you are a novice, or a professional trader, all clients can now benefit from receiving daily market analysis as it happens.
Top Features
Vantage clearly takes customer satisfaction and loyalty very seriously, as these bonus schemes are among the best we have come across. In particular, it’s great to see Vantage offering promotions and bonuses for both new and experienced users of the platform. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. Should traders encounter any questions or challenges, Vantage provides excellent customer service to help users overcome these issues.
The low starting deposit of $50 ensures accessibility for those on a lower budget limefx website 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. 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. I received helpful and friendly responses to my queries within 1 minute each time.