Oneof the great advantages that online trading offers is the use of Automated Trading Systems to eliminate emotions throughout the trading process. We are all driven by emotion, yet one of the secrets to trading successfully lies in the removal of emotional bias. The key to being objective for small or large positions is to follow a clear plan or strategy. This can be done by setting predetermined parameters for trade entry and exit, something that can be done easily with automatic trading. Discretionary traders can and should take the same approach with a strict set of rules and manually placing pending orders (like take profit and stop loss) in the system.
One of the biggest mistakes that investors can make when using an online trading system is to believe that the trading system will work by itself. Proper risk management should be applied as online trading systems do require a high level of monitoring. The risk of faulty algorithms, computer crashing, losing internet connection or power issues has the potential for terrible loss for the investors. The use of a VPS (virtual private server) can reduce these issues and can facilitate uninterrupted trading. Even so, incidents can happen; last year, one of the largest hosting providers in Europe was destroyed by fire resulting in losses for traders using automated trading. Traders/investors should understand that risks can be managed but not fully eliminated when using an online trading system. Unexpected events (like black swan events) will continue to happen. Staying connected is key, and having mobile access can be a great help for traders to constantly supervise the market. Setting alerts is another way of being alerted to extreme volatility and any other unexpected event. That way, traders are always able to react quickly.
We are constantly adding new trading products and instruments for our clients, and in recent months, we have increased our cryptocurrencies available for trade to 30 while adjusting our maximum leverage for several different trading products where possible. In the next few months, we will be announcing many more new trading products and instruments. On top of that, we are working on a few partnerships with world-class technology providers to enhance our trading solutions for traders, and we are working on adding social trading capabilities to our award-winning Vantage app.
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.
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Vantage is considered Highly Trusted, with an overall Trust Score of 90 out of 99. Vantage is not publicly traded and does not operate a bank. Vantage is authorised by two Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and two Tier-4 regulators (High Risk). Vantage is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA). Learn more about Trust Score or see where the different Vantage entities are regulated.
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.
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.
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 competing with the best mobile apps in the industry.
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.
Vantage distinguishes itself from other MetaTrader-only brokers by offering a diverse range of additional add-ons and by supporting the integration of compatible third-party platforms and tools, such as TradingView.
Market news and analysis: Also powered by Trading Central is the Pro Trader Tools product, which is offered to clients with at least $1,000 on deposit and is integrated directly within the client portal. Other useful features include its Featured Ideas tool, which is useful for traders looking for trading signals and actionable ideas, while the Analyst Views feature delivers automated analysis.
Video content: Vantage has multiple YouTube channels, each with hundreds of videos that are helpfully organized in dedicated playlists. Vantage produces and uploads several webinars per week, including its "Masterclass" videos that cover a range of trading topics.
Founded in 2009 as MXT Global and formerly known as Vantage FX, today Vantage is a member of Vantage Global Prime Pty Ltd. The Vantage brand holds an Australian Financial Services License (AFSL) with the Australian Securities and Investment Commission (ASIC).
The group also has an entity regulated in the U.K. 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.
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).
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. 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. Read our Generative AI policy to learn more.
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.
Steven Hatzakis is the Global Director of 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).
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So if you try any of the stocks belonging to the DAX youll see if they are available on Alpha Vantage. Just replace XXSYMBOLXX with the one you are interested and use your API KEY instead of MYAPIKEY:
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