In addition to copy trading features, Myfxbook Autotrade offers journal features where you can keep track of your trading history. 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. After opening a few positions in both MetaTrader platforms, I’ve found that one of the main differences between the two is how many order types you can execute. Both MT4 and MT5 facilitate the four key types of order (market order, pending order, stop loss, and take profit). These are instructions to your brokerage for when to open and close orders.
Transparent Pricing
- As for accessibility, I’m pleased to see that Vantage offers both the web and desktop versions of the platforms.
- The broker is available 24/7, which is a notable advantage compared to the 24/5 support offered by many competitors.
- After rigorously exploring Vantage’s platform, I found the research tools to be fairly comprehensive.
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- Vantage is a top-tier broker with some of the lowest trading fees I have seen.
Its PRO Tools provide the latest news, trading signals, and analyst views for 35,000 securities, delivering significant value for traders who prefer wide access to information. With the addition of copy trading, the platform is ideal for traders of different financial literacy, ranging from beginners to intermediate and advanced traders. To evaluate brokers, we test the accounts, trading tools and services provided.
Ultimate Trading Machine*
Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. Yes, Vantage offers a decent mobile app which offers access to account management features and trading tools whilst on the move. The application allows you to place trades, follow market news and create watchlists, but I learned that it isn’t the best for serious charting and technical analysis. CFDs and Spread Bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.5% of retail investor accounts lose money when trading CFDs and Spread Bets with this provider.
Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Vantage does not offer a comprehensive range of educational resources for traders, putting it at a disadvantage against brokers that make education a priority, such as CMC Markets or City Index. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. It only took a few minutes to download and sign in and then you can chat with other traders and mirror strategies in a few clicks. No, Vantage is an ECN/STP broker, which means it sources quotes from several external liquidity providers with no dealing desk intervention.
It also offers its own proprietary Vantage app, which – despite the added distraction of in-app ads – shows real promise as a trading platform. Overall, the broker’s trading platforms operate flawlessly, and we did not encounter any issues when testing their functionality. The range of platforms offered by the broker is among the best in the industry. All of limefx review the broker’s platforms are equipped with extensive trading support, ensuring that all its users are kept up to date about the markets. To provide each trader type with an account that matches their needs, Vantage offers a varied pricing and fee schedule depending on user priorities. The straight-through processing order execution (STP) account and Swap-Free Trading Account/s incur no commissions with spreads that start at as low as 1.4 pips.
Trade Gold $0 Commission*
Another unique feature of Vantage is the PRO Trader limefx courses scam Tools available to clients who fund accounts in excess of US$1,000. These tools help investors track over 35,000 tradable assets from around the world. It also grants users access to a premium economic calendar plus use of superior platform tools like MetaTrader 4 and 5. Furthermore, all customer funds are held in segregated accounts, thereby ensuring a greater degree of security.
If you have experience trading with Vantage please share your personal review of the broker and what you think are strong and weak points. I think Vantage could improve its education by introducing more interactive learning materials such as courses with quizzes or progress trackers. After rigorously exploring Vantage’s platform, I found the research tools to be fairly comprehensive.
Pros and Cons
The only downside is that you don’t get access to a library of additional indicators or trading robots. 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. My assessment found that fees at Vantage are competitive, especially in the higher account tiers. The best part is that you only need $50 to access raw spreads in the ECN account, but there are commissions to be aware of. While I rate the competitive ECN accounts, I think it’s a shame that some serious traders will miss out on the best trading conditions in the Pro ECN solution.
naina