Unfortunately, the SSMCS does not provide a list of authorized forex brokers; however, residents can contact the SSMCS directly to verify authorisation. The broker hosts weekly live sessions where you can learn more about the forex market and trading online. Make smarter trading decisions and find key price levels by taking advantage of the Vantage Forex calculators. MetaQuotes has integrated all of the features that have made MT4 the excellent Forex trading platform that it is, and then improved on them.
CUSTOMER SUPPORT
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. Additionally, Vantage FX’s traders can trade with the mobile versions of the MT4 and MT5 trading platforms.
What funding options does each broker offer?
What you can do, though, is easily view live chart data alongside corresponding analysis and events all on the same page, which I thought was highly intuitive. I also like that clicking on each chart opens it up in full-screen landscape mode, so you can pinch and zoom for a greater level of detail. However, this is standard practice and Islamic accounts avoid this charge, though an admin fee is levied instead.
Forex markets are always traded as currency pairs where a Forex trader will always buy or sell one currency in terms of another. An example of one such trade would be a EUR/USD buy limefx forex broker trade, meaning buying EUR and selling USD. No, Vantage is an ECN/STP broker, which means it sources quotes from several external liquidity providers with no dealing desk intervention. Another thing that stands out for me is the level of customizability that I get with the MetaTrader suite. Both platforms feature flexible charts and market watch windows which can be re-sized to my preferences.
MetaTrader 4 Platform
- In this broker review, updated in October 2024, we will pay attention to the critical aspects of Vantage FX, which you may consider before deciding whether to trade with this online brokerage.
- To measure the quality and speed of customer service at Vantage, I tested the live chat feature by asking several trading-based questions at different times of the day.
- For sending notifications and alerts to clients for specific activities and may also perform some automated actions.
- I have been particularly impressed with the comprehensive range of third-party social trading platforms, including Myfxbook and ZuluTrade.
- The MetaTrader platforms are available on the web, desktop (MAC and Windows) and mobile devices (Android, iPad, iPhone, and Tablets).
However, payments to and from overseas banking institutions may attract intermediary transfer fees from either party independent of Vantage FX. Forex Swap rates are affected by market conditions and the interest rate of the affiliated countries of the chosen Forex currency pair. Also, the absence of an FCA regulation indicates that UK-based are not covered under the Financial Services Compensation Scheme (FSCS) if the broker fails to meet its financial obligations in the United Kingdom.
I’ve been particularly impressed with the wide range of up to 10 base currencies in the Standard and RAW accounts and the accessible $50 minimum limefx scam deposit. This makes Vantage a good option for global traders and those with less starting capital. Considering the negatives, though, it is a shame that the broker’s global entity, Vantage Global Limited, is regulated offshore by the Vanuatu Financial Services Commission (VFSC). The VFSC is not a highly respected authority and does not offer the same degree of protection for retail traders in my view.
Assets & Markets
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. Sentiment analysis is another tool that Forex traders can use to make trading decisions, adding it to their standard arsenal of fundamental and technical analysis. It works side by side with these methods of analysis by helping to alert you of any supply/demand imbalances which could lead to potential reversals in price. 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.