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 limefx company reviews 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. Traders using the Vantage MT4 platform are gaining an edge on global Forex markets with substantial improvements in execution speed and a transparent price feed across all asset classes.
- Vantage is a top-tier broker with some of the lowest trading fees I have seen.
- This helps to make sure that they can offer traders truly transparent pricing, the prices of all Vantage Indices are based on the underlying price of the index’s corresponding stock market.
- The welcome bonus provides a bonus of 50% on deposits of up to $500 for users signing up to the Vantage account.
- A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
- The broker does not apply a handling fee on deposits or withdrawals, though third-party banking fees may apply.
This is also cheaper than many forex brokers we have reviewed, including LimeFX, which requires $200. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). 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. Through the ZuluTrade social trading platform, clients of Vantage will gain exclusive access to a vast pool of professional traders and profitable trading systems.
Vantage Pros and Cons
The firm’s notable reputation is also reinforced by its collection of prestigious awards. Additionally, I didn’t find a history of scams or malpractice at Vantage during my research. Opening hours for each asset can be found in the respective instrument section on the broker’s website. Another promising sign of its legitimacy is the 900,000-strong client base. Also note that Vantage will issue a margin call when your account drops below 80%. The stop-out level is automatically triggered when your account is below 50% of the required margin.
Trading Hours
Our broker ratings are also informed by the experience of our researchers during the evaluation process. Vantage provides one standard account type, featuring floating spreads starting at 1.0 pips, and two ECN account types that offer raw spreads with fixed commissions. I evaluated Vantage’s trading fees across various asset classes and found them to be below the industry average. Notably, there is no inactivity fee, and both deposits and withdrawals are processed without any handling charges. Vantafe gives access to a wide range of supporting tools, such as its market sentiment indicator powered by TradingView. I found the indicator particularly useful for intraday trading, as it informs traders of how other market participants are positioning themselves on the market.
Other trading platforms
The good news is that the demo account is available to new and existing clients with no time limit, making this one of the best tools available for practising forex strategies. We mark firms down when they impose a 30-day limit or similar on paper trading accounts. The Smart Trader Tools Package allows the Vantage MT4 and MT5 platforms to rival even the most advanced institutional trading platforms on the market.
It’s just a shame the Pro account has a steep $10,000 starting investment. No, Vantage is an ECN/STP broker, which means it sources quotes from several external liquidity providers with no dealing desk intervention. The broker is available 24/7, which is a notable advantage compared to the 24/5 support offered by many competitors.
The VFSC is not a highly respected authority and does not offer the same degree of protection for limefx forex brokers reviews retail traders in my view. In this Vantage review, I share the key findings from my comprehensive assessment of the broker. I evaluate the firm in all the important categories, including regulation and trust, investment offering, trading fees, account options, and platform functionality. I also compare Vantage to alternatives and explain what could be improved. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process.