These are only available to Australian clients – the offshore entity does not offer digital currencies, which is unusual. Withdrawals can be made with the same methods as deposits, with additional support for Bitwallet and Perfect Money. Our team rate the variety of payment methods supported as it makes the broker easy to use globally. The only other important fees to be aware of are the industry-standard overnight swap charges (except for Islamic accounts).
- I am glad I invested in TON TRADING, their services are superb and I have been paid consistently.
- It should also be noted that both the MetaTrader 4 and MetaTrader 5 platforms come with mobile versions of the desktop app, which allows you to monitor your trading account and to execute trades on the go.
- Hicham was very patient answered my questions and will get the appropriate person to ring me.
- 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.
- To allow a final verdict, the support and service for traders must also be tested.
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This approach allows traders to select an account that aligns with their trading preferences without worrying about excessive costs. This combination of flexibility and cost-efficiency underscores Vantage’s commitment to providing value and transparency in its service offerings, making it a preferred choice among global traders. Vantage offers a range of spread options tailored to different trading strategies and market conditions.
Whilst you clearly won’t get the same experience as the desktop platform, you will get an abundance of real-time data and forex market research straight from the palm of your hand. I was able to access convenient account management features, as well as trade monitoring. 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. Another thing that stands out for me is the level of customizability that I get with the MetaTrader suite.
I strongly recommend employing risk management tools such as stop-loss orders. As you can see from my comparison of suitable alternatives below, Vantage rivals popular brokers when it comes to the breadth of markets. Vantage offers a strong suite of trading instruments, with 1000+ CFDs spanning forex, stocks, commodities, indices, bonds and ETFs.
The Vantage website claims that the broker deals with an impressive list of liquidity providers, including Goldman Sachs, Bank of America and RBS – among others. Once we got through to the customer support team, we found that staff were able to resolve all of our queries almost immediately. More detailed questions were sent via email and were again resolved to our satisfaction, with replies received within 24 hours. During our testing, we found ourselves in a short queue, and the first interaction was with the broker’s virtual assistant VIVA.
The client has full control over the leverage options available to him and, through his account, can at any time decide to change the leverage used for his trading activities. The STP Standard account also allows direct access to institutional-level spreads and liquidity, but this time there is no commission charged by the broker. Vantage is a popular Australian broker founded in 2009 and specialises in Forex and CFD trading. Vantage offers an unlimited demo account for trading beginners or testing purposes. The broker is regulated by at least two key tier-1 authorities such as FCA, ASIC, VFSC, and CIMA, who place a lot of emphasis on the insurance of clients’ funds. Then, its banks with top, AAA-rated banks including National Australia Bank (NAB) and Commonwealth Bank of Australia (CBA).
Making a deposit
Trading Forex, CFD, Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 77-85% of retail investor accounts lose money when trading CFDs with the providers presented on this site. The information and videos are not investment recommendations and serve to clarify the market mechanisms. To allow a final verdict, the support and service for traders must also be tested.
- Vantage is trustworthy based on my thorough background checking and research.
- Another promising sign of its legitimacy is the 900,000-strong client base.
- The broker facilitates smooth and secure financial transactions using reliable methods such as bank transfers, credit/debit cards, and popular e-wallets.
- An account type also must be set during the onboarding process, with STP and ECN options in standard and ‘swap free’ format.
Learn Forex Trading
Overall though, there is good depth of market in a wide range of asset classes, and this sets Vantage apart from many brokers out there, which often offer around 200 or fewer instruments. Supported funding methods include bank wire transfer, credit/debit card, Neteller, Skrill, AstroPay, FasaPay and broker-to-broker transfer. The firm’s membership with the Financial Commission and Compensation Fund is also a good sign. This protects clients with a maximum compensation of 20,000 EUR in the case of an unresolved dispute with the broker. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. Compare the markets and instruments offered by Vantage and its competitors.
Muhammad is an asset to your company
It should also be added that Vantage has a demo account for beginners. This tool allows you to practice learning everything you need to trade online without spending a cent of your own savings on these goals. Fast, convenient, reliable, and most importantly – it is a very productive tool. Trading applications are available for devices based on iOS and Android.
Generally speaking, the spreads on offer are very competitive and trades are executed incredibly quickly. Vantage is a no-dealing desk trader and offers STP and ECN forex trading accounts. Vantage offers a robust customer support system that is accessible through multiple channels, including live chat, email, and telephone. This ensures that traders can receive prompt and effective assistance whenever needed, regardless of their location or time zone. The live chat feature allows for real-time communication with support representatives, offering immediate solutions and answers to urgent inquiries. For more detailed queries or issues that require thorough investigation, email support is available, providing a way for clients to receive comprehensive responses.
Their mere existence and implied credibility raises a few red flags though. ForexBrokersOnline.com earns money from affiliation deals with our partners. Our partners cannot influence our reviews, nor can they pay us to bias our rankings. Information on upcoming holidays and market closures can also be viewed on the website via the news page.
Market research
Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources.
This multi-regulatory approach enhances Vantage’s credibility and provides an added layer of protection for traders by ensuring compliance with international financial regulations. Vantage scores highly regarding how easy it is to contact the customer support team. The broker steers users towards its ‘VIVA’ Live Chat service, which offers an immediate response time; however, when you contact VIVA initially, you will be met by an automated response system.
Most scammed by Worldtradex withdrawal methods are also free, though some options might incur a minimal charge depending on the payment service provider or the specific terms of the transaction. Additionally, Vantage applies an inactivity fee to accounts that have remained dormant for an extended period, which is a common practice in the industry to encourage active trading or account closure. This fee structure is designed to be transparent and fair, aligning with industry standards while supporting the financial well-being of active traders. Vantage offers a variety of account types tailored to meet the diverse needs and preferences of its clients.
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. Telephone customer support is available 24 hours a day, seven days a week. We found the staff taking our calls to be informed and professional and able to resolve our queries quickly. 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.
Whatever some of its detractors may say, the broker is serious about what it does. It is regulated and it features superb account type- and platform selections. Vantage deserves credit for clearly having considered how to make setting up an account as easy as possible for new clients.