Where to Trade Gold? A Comparison Between Vantage and Exness for Beginner Traders
New Delhi [India] October 14: Choosing the right trading platform is key to a successful trading journey, especially if you’re new to the game. With gold being one of the most popular assets for traders, it’s essential to pick a platform that not only provides access to this market but also caters to beginner traders. In this comparison, we’ll explore two of the most prominent platforms for trading gold: Vantage and Exness. Both platforms have their strengths, but we’ll highlight why Vantage stands out as the better option for beginners.
What to Expect
This comparison will cover the following aspects of Vantage and Exness:
- Range of Tradable Assets
- Regulatory Oversight
- Minimum Deposit and Bonuses
- Payment Options
- Account Management Support
- Copy Trading Features
By the end of this article, you’ll have a clear idea of which platform is the right fit for your trading needs.
Tradable Assets & User Base
When it comes to asset variety, both Vantage and Exness provide traders with access to gold markets. However, Vantage offers a more extensive selection, with over 1,000 CFD products, including Forex, Cryptocurrencies, Commodities, Indices, and Stocks. This broad array of options allows traders to diversify more easily, an essential strategy for reducing risk and maximizing returns.
Exness, while reliable, has a smaller range of tradable assets in comparison. Furthermore, Vantage has a significantly larger user base of over 5 million global traders, which can lead to better liquidity and overall trading conditions. With more traders and higher liquidity, Vantage becomes a more attractive option, particularly for beginners who benefit from smoother trading experiences.
Regulation One of the most critical aspects of selecting a trading platform is understanding the regulatory bodies that oversee it. Vantage is regulated by Tier 1 authorities, including the Australian Securities and Investments Commission (ASIC) and the UK’s Financial Conduct Authority (FCA). These stringent regulators enforce high standards of transparency and client fund protection.
Exness, on the other hand, is regulated by Tier 2 and Tier 3 bodies like the Financial Services Authority (FSA) and Cyprus Securities and Exchange Commission (CySEC). While these are still credible regulators, they do not offer the same level of oversight as Tier 1 authorities. For beginner traders, strong regulation can provide a higher level of security, which is why Vantage’s Tier 1 regulation is a significant advantage.
Minimum Deposit Required For beginners, the minimum deposit requirement can be a deciding factor when choosing a platform. Exness requires just USD 20 to start, which may seem more accessible for new traders. However, Vantage’s minimum deposit of USD 50 offers additional benefits that make it a better option for those looking to make a meaningful start.
Although the initial deposit is higher, Vantage offers a Welcome Bonus that can give traders up to USD 20,000 in bonus credits. This promotion provides a great opportunity for beginners to trade with a larger amount without putting their own funds at significant risk. Exness does not offer a comparable bonus, which limits its appeal for those just starting out.
Deposit Methods
Another important consideration is how easy it is to fund your trading account. Vantage excels in this area by offering 55 different deposit methods, including popular options like UPI, Google Pay, and PayTM, which cater to traders in diverse regions. This wide range of payment methods makes Vantage more convenient for a global audience, particularly in countries like India where digital wallets are widely used.
In comparison, Exness supports only around 10 deposit methods, which could be limiting depending on your preferred payment option.
Account Management
For beginners, having access to quality customer support can make all the difference when encountering challenges. Both Vantage and Exness offer 24/7 live support, but Vantage goes the extra mile by providing dedicated account managers for each user. This personalized assistance is invaluable for new traders who may need help navigating the platform or optimizing their trades.
Having an account manager ensures that beginners receive tailored guidance, which can make the learning process smoother and more efficient.
Copy Trading Features
Copy trading is a feature that allows beginners to mirror the trades of more experienced traders. Both platforms offer copy trading, but Vantage has a more user-friendly and integrated system. With Vantage, copy trading is built into the app, eliminating the need for multiple platforms. Exness, in contrast, requires traders to log into a separate environment for copy trading, which can be cumbersome.
Additionally, Vantage provides access to over 70,000 signal providers, offering beginners a wide range of experienced traders to follow. The platform also includes customizable copy trading features, allowing users to tweak their strategies according to their preferences.
Exclusive Vantage Welcome Bonus
One of the standout features of Vantage is its generous Welcome Bonus, which offers up to USD 20,000 in bonus credits for new users. To claim this bonus:
- Go to the ‘Promo’ section in the Vantage app.
- Tap the ‘Receive Your Extra 50% Credits’ button.
- Make your first deposit to unlock bonus credits.
For example, if you deposit USD 200, you’ll receive an additional USD 100 in bonus credits, giving you a total of USD 300 to trade with. This bonus is a fantastic way to increase your trading capital without risking much of your own funds.
Final Thoughts
After comparing Vantage and Exness across several key factors, it’s clear that Vantage offers a more beginner-friendly experience. From a wider range of tradable assets and better regulatory oversight to flexible deposit methods and a generous welcome bonus, Vantage provides more opportunities for new traders to succeed.
Want to start trading gold with confidence? Download the Vantage app today and use the promo code COPYGET10 when you deposit USD 50 to receive an extra USD 10 credit on top of your Welcome Bonus.
Looking for the ideal trading platform? Vantage offers gold, forex, crypto, and more, plus up to USD 20,000 in bonuses to help you get started. Download the Vantage app today and begin your trading journey with ease!