Additionally, social trading features are available through ZuluTrade and Myfxbook, which can be integrated with your Vantage account. Gain instant access to the world’s most liquid Stock Exchange Indices through your MT4 and MT5 trading platforms. Linked to the Vantage oneZero™ MT4 Bridge, the broker provides the fastest execution speed due to unparalleled access to the deepest liquidity available at any time.
Can I trade gold on MetaTrader?
- In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments.
- With this in mind, I think ProTrader terminal is a better choice for intermediate traders or those who aren’t interested in exploring automated trading features.
- There is also an excellent selection of copy trading platforms, though past performance is no guarantee of future performance.
- As for licensing, I’m glad to see that many clients will be registered under tier-one-regulated entities.
Our team of experts has identified each broker’s strengths and weaknesses using FXEmpire’s comprehensive methodology. For sending notifications and alerts to clients for specific activities and may also perform some automated actions. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. Please note that ‘round-turn’ means that half of the fixed rate is paid whenever an order is opened, and the other half is paid when the position is closed.
Problem with customer support
The $1.50 commission per side per lot in the Pro ECN account is particularly competitive, though note that this comes with a $10,000 minimum deposit and is therefore best for active, high-volume traders. 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). The VFSC is not a highly respected authority and does not offer the same degree of protection for retail traders in my view. 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. That means that when signing up for a new Vantage account, you must provide some personal and background information and proof of identity.
Best Offers
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. Whichever base currency you choose, a wide range of payment options are available, including bank transfer, credit/debit cards, and e-payment service providers. Wire transfers can take 2-5 days to complete, but during our testing, deposits made using cards were, as stated by the broker, credited to our trading account instantly. Those using AstroPay, Neteller, and Skrill will also see funds credited almost immediately and no charges are applied by the broker on transfers using those services.
Gold traders have a superb range of CFD contracts to work with including spot and futures markets and GOLDgr (gold measured in grams rather than ounces). 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.
Consequently, it functions more like an ECN (Electronic Communication Network) broker, offering its clients raw spreads directly from these external liquidity providers. Vantage offers a variety of payment methods, including via bank wire, credit or debit card, multiple e-wallets, and crypto-wallets. The broker does not apply a limefx website handling fee on deposits or withdrawals, though third-party banking fees may apply. Vantage provides a diverse portfolio of over 940 instruments spanning various asset classes such as currency pairs, commodities, share CFDs, indices, cryptocurrencies, futures, and ETFs. This extensive range supports the implementation of a broad spectrum of trading strategies.
Does Vantage offer a demo account?
Since both platforms are strikingly similar, I found it useful to compare them side by side in the categories below. I feel the Vantage Rewards scheme will be most valuable for active traders, though I strongly urge traders to approach any financial incentives with caution. 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.
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. Dan Blystone began his career limefx forex broker in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.