He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. To open a trading account with LimeFx Group, you’ll need to make an initial minimum deposit of $5. To open a trading account with FxPro, you’ll need to make an initial minimum deposit of $100. Vantage have partnered with Trading Central to provide daily market commentary, global financial news, and in-depth market analysis, conveniently accessible from the Vantage app. The AutoTrade service is an online FX trade copying platform with over 90,000 FOREX traders. Connect a Vantage account with AutoTrade to auto copy and trade with access to in-depth analysis and statistics.
MetaTrader 4 Platform
The trading experience via the MetaTrader 4 and MetaTrader 5 platforms is very much what you have come to expect. The MetaTrader 5 platform in particular has really been streamlined with this latest update. The WebTrader platform and the proprietary mobile app are both similarly easy to use, and beginner traders shouldn’t have an issue getting used to them. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). 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. It also offers its own proprietary Vantage app, which – despite the added distraction of in-app ads – shows real promise as a trading platform.
Trading Central
Leverage the volatility of the largest stock market indexes in the world such as the SP500, DAX, FTSE and DJ30. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.
Commissions for Account Type
The fees you get charged on trades will vary depending on which of the three account types you have, with the Standard STP account offering zero-commission trades. The Raw ECN account and the Pro ECN account provide trades at $3 and $2 per trade (each way), respectively. While not the lowest commissions we have seen, these are nevertheless very competitive and are just below industry averages. What we did appreciate was how transparent and open Vantage is about the fee structure, with this information being very easy to find through the website. In our analysis of 23 international regulators across 62 of the best forex brokers, FxPro is considered Highly Trusted, with an overall Trust Score of 90 out of 99. Perfect for both new and experienced traders who want to access the markets while on the go, the convenient MT4 and MT5 apps by MetaQuotes are fast, reliable and compatible with both Android and iOS devices.
Before you trade, AskTraders.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader. Overall, the writer of this Vantage review found that using the platform is relatively simple. If you have any previous experience of similar trading platforms, then using it shouldn’t be too much of an issue. The website itself is well laid out, and a useful search bar allows you to pull up any information you might be searching for in an instant.
What are the benefits of forex trading?
- MT5 allows you to see where the big orders are sitting on the price ladder and lets you plan your trading accordingly.
- The MetaTrader 5 platform in particular has really been streamlined with this latest update.
- It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
- For example, a EUR/USD buy trade, represents buying EUR and selling USD.
- You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
In our experience, both deposits and withdrawals to the platform are processed quickly with minimal delay. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Vantage offers its own proprietary trading app, alongside the standard MetaTrader suite of mobile apps.
Vantage gives users instant access to deep liquidity on the live currency markets across over 40 currency pairs. While quite limited when it comes to the more exotic currency pairs, all of the major currency pairs that you could hope to trade are covered. 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. Founded in 2009, Vantage is the brainchild of a highly specialised team with backgrounds in finance, forex trading and fintech. Delivered through powerful trading platforms, Vantage puts significant emphasis on user trust and transparency, which is backed up by an award-winning customer support team.
Based on our research on the regulatory status of over 60 brokers, we’ve found that FOREX.com holds 7 global Tier-1 licenses, while Vantage holds 2. Explore a world of trading possibilities with 1,000+ CFD and Spread betting products, https://limefx.group/ covering forex, indices, stocks, commodities, precious metals and more, across various markets on our versatile trading platforms. Vantage provides traders 57 currency pairs (e.g., EUR/USD) compared to LimeFx Group’s 55 available pairs.
Trading on MetaTrader 5 with your Vantage account can help you to gain your trading edge. Lightning fast execution speeds, the tightest of spreads and even more powerful charting capabilities than MT4 are just some more of the features that make MT5 so powerful. To open a trading account with FOREX.com, you’ll need to make an initial minimum deposit of $100. Vantage currently offers CFD trading across forex pairs, indices, commodities, metals, energies and US/UK/HK/EU/AU shares. In total, Vantage offers 24 different CFDs across a range of different financial instruments and assets. As a globally recognised multi-award-winning CFD broker, we pride ourselves on striving for excellence in what we do, and providing the best trading experience to all our clients.
All information on The Forex Geek website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold The Forex Geek and any authorized distributors of this information harmless in any and all ways. A Forex Economic Calendar is a useful tool for Forex traders to track important, potentially market-moving events.
This combination has helped Vantage to become one of the market leaders in the Australian market. To compare the trading platforms of both LimeFx Group and Vantage, we tested each broker’s trading tools, research capabilities, and mobile apps. To compare the trading platforms of both FxPro and Vantage, we tested each broker’s trading tools, research capabilities, and mobile apps. Designed for institutional traders, Vantage index CFDs can be enjoyed by all clients with no commissions, transparent prices, and ultra-sharp spreads. Vantage allows you to trade stock market Indices on both MT4 and MT5, the world’s most popular FX trading platforms.
By the Financial Conduct Authority (FCA) under Vantage Global Prime LLP, for institutional clients. Vantage also has an entity that holds regulatory status with the Cayman Islands Monetary Authority (CIMA), and by the Vanuatu Financial Services Commission (VFSC) in Vanuatu. For sending notifications limefx scam and alerts to clients for specific activities and may also perform some automated actions. Vantage prides itself on execution speed and fully transparent STP/ECN trading model and with the SmartTrader Tools Package they have now taken the MT4 and MT5 Platforms to the next level.