Vantage Review from buzai232's blog

Vantage Review

Vantage rounds out its MetaTrader platform suite offering with support for multiple social trading platforms, content powered by Trading Central and a proprietary mobile app. However, Vantage trails industry leaders in key areas such as research and education.To get more news about vantage review, you can visit wikifx.com official website.

The range of available markets at Vantage will depend on which entity regulates your account. The following table summarizes the different investment products available to Vantage clients.

Cryptocurrency: Cryptocurrency trading is available at Vantage through CFDs and through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents.
Trading costs at Vantage depend on which account you open and on which specific Vantage entity holds your account. There are three account options at Vantage: the spread-only Standard STP account, and the commission-based RAW ECN and PRO ECN accounts. Overall, Vantage’s pricing falls mostly in line with the industry average, but can’t compete with pricing leaders Saxo Bank, IG, and CMC Markets.

Standard vs. Raw accounts comparison: Vantage lists typical spreads of 1.22 pips on the EUR/USD (for the month of August 2021) for its spread-only Standard account. For its Raw account, average spreads are 0.15 pips with a commission of $3 added per side ($6 per round turn), totaling 0.75 pips during the same time period.

PRO account: The PRO account from Vantage has competitive pricing, with its per-side commission amounting to just $2 (or $4 per round turn). Requirements for opening a PRO ECN account with Vantage fluctuate between its regulating entities. Its Australian entity requires that you qualify to be categorized as a wholesale client. If you open your account under Vantage’s Cayman Islands entity, you must fund your account with at least $20,000. For those who can meet its various account requirements, the PRO ECN account is Vantage’s best-priced option, and is comparable to similar accounts offered by FP Markets and Tickmill.

Active traders: The active trader program from Vantage offers rebates ranging from $2 to as much as $8 per standard lot, depending on your balance and monthly volume. The smallest tier starts at $10,000 and the highest tier requires at least $300,000 in equity. However, it is only available on the Standard account, which has the highest spreads from among all the account options available.
Mobile trading apps
Vantage offers its own proprietary trading app, alongside the standard MetaTrader suite of mobile apps. Vantage has built a decent foundation for a new mobile trading application with its Vantage App. However, I am not a fan of the ads, and it is still a long way off from being able to compete with the mobile apps that are offered by IG, FOREX.com, and Saxo Bank.

Apps overview: Vantage offers two mobile apps: its proprietary Vantage App, and the MetaTrader platform suite. The MetaTrader 4 (MT4), MetaTrader 5 (MT5), and Vantage mobile app come standard from their developer for iOS on Apple App Store and for Android on Google Play.

Ease of use: I found the advertisements within the Vantage app to be a distraction from the trading experience. I'd prefer to avoid ads and promotional content when using a mobile trading app. That being said, Vantage has done a good job of integrating research, with newsletter updates, signals, and multiple Trading Central-powered videos per day.

Charting: Charting at Vantage allows for only five time frames, one chart type, and just a handful of indicators and overlays. On the plus side, tapping on the chart launches it into a full-screen landscape view, which is a nice touch. In contrast, charting from Plus500 comes with over 100 indicators and allows for the ability to use multiple indicators at the same time.