Brokers have been a pillar to the market investors as they have amazing services and facilities that make the trade process smooth. A trader can have ample opportunities, know the market, understand trading, educate and research, and whatnot they are able to achieve with the excellent services of online brokers.
In the article, we’ll be focusing on one such online broker,vantagemarkets, which will soon be known with a new name, Vantage Markets. The broker review will give insight into the services and facilities that traders can enjoy and what all instruments they can have for trading. Thus, giving all the minor details of the broker for a perfect broker review.
vantagemarkets has been an online broker present since 2009; it has grown over the years and now offers next-generation services and tools to help traders achieve their goals. It is a well-regulated and licensed broker with the most advanced trading platforms. In addition, the broker is global and a multi-asset broker. Hence, a great option for market investors.
vantagemarkets Broker Review: Pros and Cons
vantagemarkets broker is a good place for traders to take advantage of the most amazing services. Here, we have the pros and cons of the broker for providing a glimpse of the vantagemarkets in a quick list. Let’s check out the benefits and drawbacks that traders can have with it:
Pros:
- Low transaction fees
- Quick and easy account opening
- Easy deposit and withdrawal
- No inactivity fees
- Trading platforms
- Best analysis tools
- Leverage
- The facility of a demo account
- Educational material
- Professional customer service
Cons:
- Limited products
- Investor protection only for the UK
vantagemarkets Broker Review: Scam and Regulation
Vantage Group is a large company with various authorization and regulations. Vantage International Group Limited trades under the name Vantage and is controlled by the Cayman Islands Monetary Authority (CIMA). Vantage Global Prime Pty. Ltd. is authorised from the Australian Securities and Investments Commission (ASIC), and Vantage Global Limited is regulated at the VFSC. The company is operating under the name Vantage and has license number 428901.
With all the information mentioned above, it is clear that the broker is regulated and authorized by the best authorities, and thus this makes it a legitimate broker and not a scam.
vantagemarkets Broker Review: Trading Account Types
With vantagemarkets, broker traders will have the choice of 3 trading accounts that are suitable for different types of investors and traders. Each of the account types is discussed individually for a better understanding of the traders. Moreover, traders can have options of swap-fee and demo accounts. So, let’s check out the vantagemarkets broker’s trading account services.
RAW ECN Account
Raw ECN account has advanced services that offer the investor’s razor-sharp spreads starting from zero pips, and the institutional-grade liquidity makes it the topmost choice for traders. The institutional liquidity is provided from the world’s largest institutions directly to the traders and has the new generation trading environment.
The trading environment gives investors cost-effective forex trading solutions. Traders of Raw ECN accounts can have the following services to make most of their investments:
- Spreads from zero
- Leverage upto 1:500
- Minimum deposit of $50
- Zero deposit fees
- Commission of $3 per standard lot
- 300 plus trading assets
- 24/7 customer support
- Transparency of trading
- 9 different ways to fund account
- Accessibility
- 100 GB/s Bandwidth
Standard STP Account
The standard STP account is best suited for the traders who are willing to move to live trading. Traders of such an account can have direct access to the institutional grade spreads and dark liquidity. This dark liquidity increases the liquidity of the trade. In addition, traders can have greater market depth, faster execution, no commission, low spreads, and consistent pricing transparency.
The standard STP account uses the Equinix Fibre Optic Network for the execution of the trades. Thus, having lightning-fast executions. Traders can also have the given services with the account:
- Spreads from zero
- Leverage up to 1:500
- $50 minimum deposit
- Zero deposit fees
- Fast and easy account opening
- Zero trading commission
- 300 plus trading assets
- Instant execution
- 13 Trading platforms and devices
PRO ECN Account
The Pro ECN account is the most advanced trading account of the vantagemarkets broker. The account was specifically designed for the professional traders of the market, money managers, and algorithmic traders. It offers the traders with institutional grade liquidity, global trade markets, and the lowest costs for comfortable trading.
Here we have the services that make the account the best for expert traders:
- Spreads from zero
- Leverage up to 1:500
- Minimum deposit $50
- $0 deposit fee
- Fast and easy account opening
- Option of 300+ assets
- Transparency
- 24/7 customer support
- 9 different ways to fund account
- 100 GB/s Bandwidth
- Easy process of switching to a pro account
Swap-Free Account
The broker is among the few online brokers that provide the services of a swap-free account. The account was designed for investors that are not able to receive or pay swap charges. A swap-free account is for forex traders who have religious beliefs; their account could be used with a standard STP account and Raw ECN account.
Mostly Muslim traders use the accounts with the vantagemarkets accounts swap-free and take benefit of liquidity with the MetaTrader4 trading platform. With the account, traders have the given services available:
- 300+ tradable assets
- Gold and silver CFDs
- Minimum deposit $200
- 24/7 customer support
- 9 different fund accounts
- 40 forex pairs
- Trading platforms
- Raw ECN account minimum deposit $500
- Leverage 1:500
Unlimited Demo Account
A practice account for all levels of traders, with the unlimited demo account of vantagemarkets broker traders, can know the market, trading platforms, etc., in advance. The broker knows that it takes time to be an expert; therefore, they have offered a demo account to assist traders. It has unlimited demo account support for the time traders want to understand the investing.
Traders can have the following services:
- Free trading strategies
- 300 plus trading assets
- ROBOT backtesting and optimisation
- Switch to live trading whenever you want
- Analysis of past data
- Trading platforms
vantagemarkets Broker Review: Account Opening
vantagemarkets broker has a simple account opening process like other online brokers. Traders can quickly register with the broker and start trading within minutes. Below given are the steps to open an account:
- The first step is to visit the broker’s website, www.vantagefx.com, which will change to www.vantagemarkets.com from February 2022. By visiting the website, traders can check with the broker and its services.
- The second step is to click on open an account and begin the steps of account opening. So, traders have to get registered by providing the details such as first name, last name, country, email, phone number, country code, and account type.
- Next, traders have to fill in other information required by the broker, including tax statements, license, documents, residence proof, etc.
- After that, the trader can answer the questionnaire and upload the required documents for verification purposes. The broker checks the validity of the trader and then allots the account.
- The fourth step is to choose the account type that will be suitable for the trader.
- The last step is to fund the account and begin trading.
vantagemarkets Broker Review: Trading Platforms
vantagemarkets broker has the most advanced and globally used trading platforms. The broker has four types of trading platforms and one trading application that supports trade anywhere and anytime in the world.
MetaTrader4 (MT4)
MetaTrader4 is a trading platform that was invented by MetaQuotes company in 2005. The platform is widely used due to its flexibility and user-friendly working in all the markets. Traders can use the trading platform to predict the market movements, have trading signals and indicators, and many more services that would make the trading easier.
The platform was initially made to support forex traders, but with its use and flexibility, traders now use it with other markets as well. With vantagemarkets, the traders can make the trading platform even more powerful by connecting it with the deep FX liquidity through the oneZero MT4Bridge.
Benefits that traders can enjoy with MetaTrader4 are:
- Charting
- 9 timeframes
- Expert advisors
- 3200 professional signals
- Automated trading
MetaTrader5 (MT5)
MetaTrader5 was introduced five years after MT4 in 2010 with advanced services. The trading platform is not a part of MT4 but a whole new platform in itself. It is next-generation software and a successor to the MT4. The platform has all its features integrated for excellent trading.
Traders can have the given trading services with it:
- 21 timeframes
- Works with every device
- Expert advisors
- Backtesting algorithms
- 3200 professional signals
- Minimum deposit $200
- Charts
Pro Trader
ProTrader gives traders with 1% trading view; trading with the trading platforms, investors can have more than hundreds of popular indicators and signals. In addition, traders can have the following features:
- 50 technical drawing tools
- 8 Timeframes
- 350+ trading assets
- 20+ chart layouts
- 100+ indicators
Web Trader
Webtrader is a trading platform that works as a browser with all the devices. Traders can use it with phones, tablets, laptops, etc., to have access globally. The platform is used with the MetaTrader4 and MetaTrader5 to have easy trading. A useful and one-click trading platform.
Traders can have the following features with web traders:
- 30 plus indicators
- 24 technical analysis tools
- 9 timeframes
- One click trading
- Accessibility
- 5+ internet browser
Vantage App
A global markets application to make it easier for investors to trade. Investors with the Vantage app can have on-the-go trades and make it comfortable. The application has the following services:
- Leverage 1:500
- Minimum deposit $50
- 24/5 support
- Charting
- Indicators
- Analysis tools
vantagemarkets Broker Review: Trading Instruments
vantagemarkets broker has the following trading instruments for trading:
- Indices
- Forex
- Soft commodities
- Energies
- Precious metals
- USA share CFDs
- UK and EU share CFDs
- AU share CFDs
vantagemarkets Broker Review: Commission and Spreads
vantagemarkets broker commission charges with some of its account services, and other accounts may have no charge. The Raw ECN account has a $3 commission, and other accounts have no extra trading expenses, which makes the trading fee low.
When it comes to spreads traders have spread from zero from all the trading accounts, and it depends on the trading instruments and account that the trader uses for the spreads.
vantagemarkets Broker Review: Leverage
Leverage is the loan that brokers offer to their investors to open at a high market position. Traders can use leverage at initial funds and make it to high position trading. The broker all accounts offer a leverage ratio of 1:500 to trade. As the risks with it are high, traders can use it as per requirement.
vantagemarkets Broker Review: Deposit and Withdrawal
Deposit and withdrawal are the funding services of the broker; traders can easily process using bank transfer, e-wallets, and credit/debit cards for this. Deposit is the initial funds that traders can put in their accounts and can withdraw whenever they require.
The minimum deposit is different for the types of accounts available with vantagemarkets brokers. Investors can use the following services for deposit and withdrawal of funds:
- VISA
- Mastercard
- Skrill
- Wire Transfer
- UnionPay
- Neteller
- Boleto
- Trustpilot
vantagemarkets Broker Review: Education and Research Support
vantagemarkets broker has the facility of education and research for its clients. They can use the research tools and educational material to upgrade their knowledge and understand market trading better. For educational purposes, the broker has the below-listed facilities:
- Learn forex
- MT4 manuals
- MT5 manuals
- MT4 videos
- SmartTrader tools videos
- Daily market updates
- Educational webinars
Research tools available with the broker are:
- Forex VPS
- Economic calendar
- Forex sentiment indicator
- Pro trader tools
- Pro trader tutorials
- MT4/MT5 SmartTrader tools
vantagemarkets Broker Review: Customer Support
vantagemarkets broker has the best customer support as the broker has 24/7 services to assist their clients. The traders can connect with the team using the following medium:
- Live chat
- Email address: [email protected]
- Contact number: +44 2080363883
Final Verdict
The broker is a great asset to the financial market due to its advanced and professional services. Forex traders and other market investors can make the best use of the facilities to have a smooth trading experience. In addition, the broker is available 24/7 for its clients, along with chat, call, and email support.
Moreover, the broker has numerous trading tools, instruments, and devices to connect with the trading account and use it. However, traders should visit the website before investing in having complete knowledge of the services.
FAQ’s
What are trade instruments provided by vantagemarkets brokers?
The broker offers below listed trading instruments:
- Indices
- Forex
- Soft commodities
- Energies
- Precious metals
- USA share CFDs
- UK and EU share CFDs
- AU share CFDs
How many trading platforms does the vantagemarkets broker provide?
The broker has four trading platforms and one trading application to trade and predict market changes. Here we have them listed:
- MetaTrader4
- MetaTrader5
- ProTrader
- WebTrader
- Vantage App
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