What Are Spreads In Forex Trading Calculation & Definition

For traders interested in precision charting, or that don’t like the MetaTrader suite, I would opt for ProTrader. The firm’s membership with the Financial Commission and Compensation Fund is also a good sign. This protects clients with a maximum compensation of 20,000 EUR in the case of an unresolved dispute with the broker. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Key Features & Benefits

• Negative balance protection is another critical feature that protects clients from losing more than their initial deposit, even in volatile market conditions.
• I also don’t recommend picking a brokerage based on their bonus deals.
• MT5 allows you to see where the big orders are sitting on the price ladder and lets you plan your trading accordingly.
• I was pleased to find no deposit or withdrawal charges, keeping costs down.
• Additionally, the lower price point of $200 to join the program makes it more accessible.

To evaluate brokers, we test the accounts, trading tools and services provided. Over 200 limefx scammers 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.

About the Editorial Team

As such we may earn a commision when you make a purchase after following a link from our website. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. If you have experience trading with Vantage please share your personal review of the broker and what you think are strong and weak points.

Exploring Social Forex Trading with ZuluTrade

• While the FSC is not the strictest regulatory authority compared to the FCA, FSCA, and ASIC – third-level regulation is better than no regulation at all, in our opinion.
• Vantage FX does not charge any commissions on the Standard STP account.
• AVOID this broker by all means because they have different tricks to manipulate you, steal your money, and then leave you with nothing.
• We could easily trade crude oil, natural gas, Brent crude, and even more exotic options like low sulfur gasoil.
• I feel so much disappointed with this company because they didn’t meet my expectations.
• Vantage Markets offers a versatile suite of trading platforms designed for convenience, flexibility, and performance.

The user must also agree to the Privacy Policy and consent to communication with a Vantage Markets representative for assistance with the application. Vantage demonstrates high reliability and regulation, confirmed by licenses from various authoritative regulators in different jurisdictions. Among them are VFSC in Vanuatu, CIMA in the Cayman Islands, ASIC in Australia, FSCA in South Africa and FCA in the United Kingdom.

Order Execution

The app effectively combines crucial features like charting, order execution, and account information with additional services, including market analysis and copy trading. Vantage’s Raw ECN account type features a fixed round-turn commission of $6 per traded lot (100,000 units) applied to FX currency pairs and metals. Notably, there is no commission liable for trading US stocks, which is quite rare for an ECN account. This means that Vantage’s Raw ECN account type is especially suitable for share CFDs trading. By synchronizing your Vantage account with DupliTrade, you unlock the gateway to a select array of top-tier proprietary traders. This seamless integration allows you to discern and opt for traders you aspire to replicate, predicated on their exemplary performance, meticulously crafted strategies, and limefx company reviews distinctive trading styles.

In addition to that, the site delivers a few other reasons why one should trade there, in a special section. Another such problem was that Vantage allowed the famous fraudster to act as an IB for the operation for some time, although he was warned about this. Another problem pointed out by various reviewers was about a well-known scammer working as a Vantage IB for quite some time. In addition to those issues, the broker was apparently involved in a couple of less-than-savory incidents in the past, none of which carry much significance for the rank-and-file user though.

Prospective traders can also sign up for this account to find out if the broker suits their style before committing real funds. The program allows users to follow and copy more experienced traders while accessing a community of other forex traders. I like that you can find other like-minded traders with similar goals and portfolios and easily share information and advice. Here, the processes involved are fully automated with no manual input, with orders being routed directly to a liquidity pool. Costs may be higher in the long run, but this will suit traders looking for zero commissions and competitive spreads. This system acts as a kind of hub for different liquidity providers and allows traders to enjoy tighter spreads but also incurs a commission.