Vantage fx is trusted and ASIC regulated
I’ll trade with someone who offers a data feed compatible with Metastock Pro ! I keep searching but cant find anyone who does thought it confuses me as to why this is, they all have Metatrader , big deal ! I wish to use the other not be told what i can and cannot use in terms of software, i wish to lose money on my own terms.
Recently moved a larger portion of my business across to Vantage FX and wanted to vouch for the direction their business is heading. Respect.
I’m with Vantage too and $6 is about as cheap as ECN gets (unless you’re referred through a rebate program or something). It doesn’t seem like much the $1 difference but anyone who’s ever back tested an EA before knows every point matters in the long run.
Yeah I don’t thing any other ASIC brokers do commissions as cheap as Vantage … and you’re right JayTee every point matters!
Metastock is for stocks - it’s not designed for forex. No forex only broker offers it. You don’t like the MT4 platform?
Metastock is for forex as well, i’ve used the metastock pro fx . Metastock realtime is exactly that, a charting platform that runs in realtime, data is data, metastock doesn’t know what the data is as does any other software its just prices and your platform makes it into a chart of what you set, line, bar, candle whatever you want. No i dont like mt4, i like metastock. Seems to me maybe Metastock actually does give you an edge ? maybe thats why no one wants you to use it ? Brokers should offer compatible data for whatever platform you choose to use, as customers why should we be told what we are allowed to use and what we cant unless brkers are casinos who want to put the odds in favor of the house ? and the data should be free, people who bet on horses get to listen to the races live on radio for free and bet with who ever they wish, if brokers want our business then they should give us what we want to run our programs and trade our own way, it annoys me that we can only use the charts that our broker provides, WHY ? because perhaps they have algorithms to run them , who knows, it shouldn’t be a big deal for a broker to have a data feed for different programs so customers can have a choice.
No way, Vantage are awesome … I’d let them have my babies :7:
Hahaha I don’t know about that buddy but they are a great broker!
I’m confused you say you can’t find a broker that offers it but then you say you’ve used it for FX? I’ve only ever heard equity guys mention Metastock. Brokers have to pay for their platforms, which is why a lot of brokers don’t bother with MT5 and why you’re not likely to find an FX broker that offers metastock … at end of day it’s just a platform and has very little effect on your ability to make/lose money … finding a good broker like vantage with low spreads and cheap commissions and trading a winning strategy with discipline is much more important.
Metastock pro fx was a bundle i tried from them, the data was part of the package from Reuters data, this is the reason i say this as getting data from another source doesn’t match up with the data you get from your broker. I would have the Metastock window open and also my brokers deal ticket, the prices were different so cant be used but if you were getting the data from the broker then it would be the same.
Hey I’m not your guy, buddy!
Fair enough. What exactly don’t you like about the MT4 platform? I think MT4’s great, it’s a little ‘raw’ but I kind of enjoy that 1980s feel … plus Vantage’s smart trader tools and news terminal are really handy.
Haha we probably shouldn’t get into the whole buddy/guy thing … could go off topic very fast … I don’t use smart trader tools but the free news terminal is [U]AWESOME[/U]!
Definitely not. Yeah I agree JayTee - news terminal is great. Can you still trade with Vantage? I heard a lot of brokers have stopped accepting NZ clients?
Hey Badem, yeah I’m not sure what’s going on it’s really strange - I had an old account with IC that was shut recently - it’s weird because I haven’t actually heard any news about changes to regulations or anything. No troubles with Vantage though. From my experience it’s the NZ brokers that should be banned not the Australian ones!
Is there any trustworthy regulator in NZ that oversees local brokers? Like ASIC or CySec or smth. like that… Something tells me there are too many unregulated brokers from NZ
Yeah a lot of international brokers seem to set up shop there - oh well hopefully you can keep trading with Vantage!
Yeah I hope so it took me ages to find a good broker and I don’t want to have to leave Vantage and start searching again
Hi profitbaby yeah we have the FMA but a lot of companies just ‘register’ in New Zealand and aren’t actually regulated by the FMA. You see this internationally as well with brokers ‘registering’ in the UK and claiming to be UK regulated. It’s like Badem said, lots of brokers from places like Russia and Pakistan pretending they are NZ companies.
Definitely not. When you finally find a good broker like Vantage you stick with them.
Yeah did you read this “One of the biggest forex schemes to blow up in Russia this year was related to the company Forex Trend which was registered with the FSRP.”
New Zealand Regulatory Backlash Against Forex Brokers Hits a Roadblock | Finance Magnates
Amen to that. I’m not switching from Vantage unless the FMA holds a gun to my head!
Yeah I read that when I was trying to work out why IC closed my account. Still can’t find anything on recent changes to regulations … it’s really strange.
Yes Tania we should be very careful. OctaFX is a scam broker who cancels profitable traders Octafx is a big scam!! Held all my profits plus deposit!! | Forex Peace Army - Your Forex Trading Forum