Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. Vantage is a top-tier broker with some of the lowest trading fees I have seen. It’s just a shame the Pro account has a steep $10,000 starting investment. Spreads are super tight, execution is fast and reliable, platform is great. No, Vantage is an ECN/STP broker, which means it sources quotes from several external liquidity providers with no dealing desk intervention.

Worldtradex Broker Review

Traders can also access several timeframe options and order types. As for accessibility, I’m pleased to see that Vantage offers both the web and desktop versions of the platforms. It’s easy to access all options from the client dashboard under the ‘Downloads’ tab. Importantly, as you can see from my comparison of other brokers below, Vantage also holds its own in terms of access to the best trading platforms. I have no complaints about the wide range of funding methods at Vantage, with plenty of accessible options for global clients. I can deposit using bank wire transfers, credit/debit cards and e-wallets such as Skrill, Neteller and AstroPay.

Pros

Stock market trading is risky, and an obligation to make additional payments cannot be suspended with a genuine ECN broker. If the market opens elsewhere and there is no liquidity to close or open your order, you will be given the next best price. In the worst case, this can lead to an additional funding obligation. The broker will automatically stop you if the margin is over-stimulated. With careful money management, a responsibility to make further payments can hardly happen. The not available negative balance protection only shows that Vantage Markets is a real ECN broker.

The MT4 and MT5 Web Traders are not the only browser-based trading options though. Developed by ChartIQ, Market Trader is available at the brokerage too. An HTML5-based platform, Market Trader is compatible with just about every browser out there. Vantage offers over 100 trading instruments covering Forex ECNs, Indices, Commodities and CFDs for US and Hong Kong stocks. Vantage also does not have actual cryptocurrencies; however, the company provides CFD contracts for popular cryptocurrencies for trading. All content on this site is for informational purposes only and does not constitute financial advice.

Is your money safe at Vantage?

Opening an account is supposedly easy as well though that probably only goes for Demo accounts, since for real money ones, there are quite a few questions asked and documents required. Vantage is a well-established and oft-awarded Australian FX/CFD broker, that used to feature binary options in addition to its “more traditional” trading products, some time ago. Unlike many other brokers, Vantage Markets divides accounts not by the amount of deposit, but by technology.

Vantage Markets Suspected Scam in Europe ?

That said, I am still pleased to see how much Vantage has improved its research over the last 12 months. I feel the Vantage Rewards Worldtradex reviews scheme will be most valuable for active traders, though I strongly urge traders to approach any financial incentives with caution. I also don’t recommend picking a brokerage based on their bonus deals. Funds deposited via bank cards and most e-wallets are processed instantly. I tested the broker’s processing times using both a Visa card and Neteller and found that my funds were available immediately. As you can see from my comparison table below, Vantage stands up well against two of the most tightly regulated brokers in the industry, Pepperstone and AvaTrade.

• In the meantime, we tested the trading experience using the free-to-use Demo account.
• The broker is regulated by the Australian regulator ASIC, the Cayman Islands Monetary Authority CIMA, and is audited by KPMG (auditing firm).
• This software is provided under license by a third-party (MetaTrader), so traders need to sign up with a separate Terms of Service agreement, but this takes just a few seconds.
• Those choosing to make bank transfers need to allow up to three to five business days for the funds to hit their account.

Instruments and Spreads

To allow a final verdict, the support and service for traders must also be tested. I would also like you to close positions internally by phone or chat in emergency situations. Vantage Markets offers comprehensive support via phone, chat, or email. On weekdays, support is available 24 hours a day at the regular market opening hours.

Entire Review www.vantagemarkets.com

MetaTrader is a third-party software provider, so login details for this account are sent via email. Vantage works with Myfxbook AutoTrade, an automated trading service that allows customers to access social trading. Myfxbook AutoTrade is an automatic copying service for trading strategies that allows Vantage traders to access the trades of many successful traders. When it comes to trading platforms, the variety of Vantage offers is unparalleled. At least nine options are available, mainly with MT4 and MT5.

• The firm’s notable reputation is also reinforced by its collection of prestigious awards.
• Based on my first-hand Worldtradex review, the firm is an excellent choice for traders looking for low fees, best-in-class tools and a range of global markets.
• The broker offers you the options you need for professional trading.
• After rigorously exploring Vantage’s platform, I found the research tools to be fairly comprehensive.

As expected, wire transfers are processed within 1 – 2 business days for domestic transfers and 2 – 5 business days for international transfers. Overall, Vantage Markets offers a very high level of security. The broker is regulated by the Australian regulator ASIC, the Cayman Islands Monetary Authority CIMA, and is audited by KPMG (auditing firm). If you own this website you can update your company data and manage your reviews for free. Sometimes I do well, sometimes I lose steam but I never give up and I try to make up for it. Opening an account on Vantage is completely digitised and, as such, you can complete the entire process on any of your devices.

This is slightly less than what you get at Worldtradex, which offers up to 15 local currencies. However, it is much better than Worldtradex, which provides only 4 currency options. Through ZuluTrade, DupliTrade, and MyFxBook Autotrade, Vantage also offers social trading via which traders can profit by copying the positions of more experienced investors.

Trading applications are available for devices based on iOS and Android. ZuluTrade, another solution provider Vantage has teamed up with, is at the peak of its social trading experience. Both platforms are available in mobile formats, so busy traders can continue to trade while on the move.

The MetaTrader has already been tested many times and is highly developed. Our tests and experiences confirm this because we like to use the MetaTrader ourselves. In the following section, we will introduce you to the features and functions of the trading platform. Whichever base currency you choose, a wide range of payment options are available, including bank transfer, credit/debit cards, and e-payment service providers.

Then, there is generally a restriction on one-time deposits to a maximum of $10,000. Note that Vantage  does not permit any third-party transactions. Whenever you carry out any deposit or withdrawal transactions, the account you use must be owned by you and be registered in the same name you used to open your Vantage account. Otherwise, Vantage  may stop the transactions from going through. Vantage  itself does not charge you any funds for deposits and withdrawals.

Ongoing management of accounts https://worldtradex.space/ and cash transfers is performed by visiting the home page of the trading platform. Vantage does point out that some payment options might incur charges levied by third parties, so checking the small print can save paying unnecessary fees. Vantage Global Prime Pty Ltd, trading as Vantage, is regulated by the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC). Both regulators require brokers that they license to comply with KYC (Know Your Client) and client protection protocols.

In addition to the detailed account types listed above, the broker also offers Islamic account versions, as well as a demo account for those who want to test the platform (s). This type of account offers access to the entire spectrum of markets supported by the broker, and its minimum balance is $ 200. I often began to see negative reviews about Vantage Markets on the Internet. There are various platforms to choose from at Vantage, including MetaTrader’s MT4 and MT5. An account type also must be set during the onboarding process, with STP and ECN options in standard and ‘swap free’ format. This account type offers access to the full range of markets supported by the broker and its minimum balance requirement is $200.