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Company Review

Vantage Review 2024: Is This Forex Broker Worth Your Investment?

Regulation and LicenseASIC, FCA, VFSC
HQAustralia
Founding year2009
Leverage range500:1
Min depositUSD 200
PlatformsMT4, MT5, MarketTrader
Tradable InstrumentsOver 1,000+ assets, including FX pairs, cryptocurrencies, commodities, ETFs, shares and indices CFDs.
Demo accountAvailable
Base CurrenciesOffers multiple currencies
Customer supportAvailable 24/5
Active Clients900,000+
Publicly tradedNo
CryptoAvailable
Websitehttps://www.vantagemarkets.co

Vantage Review Introduction

Vantage, founded in 2009, is an Australian-based, ASIC-regulated forex and CFD broker that offers trading in over 80 currency pairs on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Vantage is among the best brokers that own a web-based platform, MarketTrader, for trading forex and CFDs. It's among the leading platforms across multiple markets and a preferred choice that many individuals trust.

ProsCons
Offer commission-free trading through standard STP accountPro ECN account needs minimum deposit of $20,000
Regulated by top tier FCA and ASICSpreads on the standard account are not that good
Low variable spreads
Offers indemnity insurance
It ranks among the best MetaTrader brokers
Its an average risk broker for CFDs and Forex

It's one of the most popular brokers in the forex trading markets, focusing on providing low spreads and high-quality customer support. At Vantage, you'll find an extensive selection of currency pairs to trade, including major, minor and exotic currencies. You can also trade CFDs on commodities like gold and oil and indices from around the world.

Vantage pros screenshot
Vantage

One of the best things about this broker is that it offers the Smart Trader add-on to MetaTrader. It makes trading forex and CFDs easier than ever, with features like intelligent order execution, real-time news and research, and helpful trading tools. Vantage is a multi-award winner known for its excellent customer support, with 24/5 phone and email support.

As it's among the regulated brokers by ASIC, it's a safe and reliable choice for forex trading that you can trust. When it comes to research and education, you'll find many resources available, including analysis, webinars, and blogs. Whether you're just getting started in forex or are an experienced trader, Vantage is great for your trading needs.

Is Vantage safe?

Yes, Vantage is a safe choice for forex traders, and it's among the best brokers available in the markets. As it's regulated by ASIC, one of the most respected financial regulators in the world, you can feel confident knowing that your funds are protected and that Vantage abides by strict standards for trust, security, and transparency.

The broker also offers a wide range of platforms to choose from, so you can find the one that's best suited to your needs and experience level. It is an excellent choice for forex traders looking for safe and reliable trading.

Vantage is not a scam and is a reliable choice for beginner and expert traders. In addition, Vantage is not a publicly-traded company and therefore doesn't have to report to shareholders. It means that it can focus on providing the best possible experience for its customers without worrying about making short-term profit goals at the expense of long-term success.

If you're looking for a forex broker you can trust, Vantage is worth considering. There are more than 400+ instruments that are regulated and are safe to trade. Moreover, the Vantage International Group LTD is authorized by CIMA (Cayman Islands), and the registration number is 1383491. Trading your favorite instruments, Vantage will not disappoint you with its offerings.

Vantage fees structure and model

The best part about Vantage is that it offers low spreads on currency pairs. With its transparent pricing and low spreads, you'll be able to keep more of your profit. Vantage also offers competitive commissions on CFDs, making it the best choice for traders looking for a low-cost broker.

The fee structure varies, and there are a total of three options, which are Standard STP, RAW ECN, and PRO ECN. Have a quick look at the pricing structure below:

Fees TypeVantage Fees
Deposit FeeNo
Withdrawal FeeNo
Inactivity FeeNo
Fee rankingLow/Average

Vantage spreads details

The Standard one is the best choice for beginners or intermediate traders looking for low spreads and fast trade execution. With this type, you'll enjoy spreads from 1.0 pips on major currency pairs like EUR/USD and GBP/USD. You can also trade with leverage up to 500:1, and there's no commission on trades.

The RAW ECN is perfect for advanced traders looking for the best possible trade execution and low spreads. With this, you'll enjoy spreads from 0.0 pips on major currency pairs like EUR/USD and GBP/USD. You can also trade with leverage up to 500:1, and there's a commission on trades.

The PRO ECN is ideal for advanced traders looking for the tightest spreads, best execution, and advanced tools. With this, you'll enjoy spreads from 0.0 pips on major currency pairs like EUR/USD and GBP/USD.

Swap fees

To keep your trades open overnight, you'll also be charged a fee known as a swap rate. This fee varies by currency pair, with major currencies like the Euro and US Dollar having a lower fee than more exotic currencies.

However, you need to keep in mind that these fees can change at any time, and there's no guarantee that they will remain low. Therefore, you should be careful about carrying open positions overnight, especially if the market moves in your favor.

Vantage withdrawal and deposit review

Vantage offers a variety of deposit and withdrawal methods, including credit/debit cards, bank transfers, and e-wallets like Neteller and Skrill. Deposits are processed instantly, while withdrawals take 1-3 business days to process. In addition, there are no fees for deposits or withdrawals, which is excellent. Overall, the deposit and withdrawal process is quick and easy, and you'll have no trouble getting your money into and out.

The minimum deposit is $200, which is average for the forex industry. There is no information available for the maximum amount you can deposit and withdraw, so it's best to contact customer support for more details.

When you withdraw, you might need to pay a third-party fee depending on your chosen method. For example, if you withdraw via bank transfer, you might need to pay a small fee to your bank. Moreover, additional policies may apply.

Overall, Vantage makes it easy to deposit and withdraw your money. Whether you're looking for a quick and easy way to move funds into your account or just want to get paid quickly out of the platform, it's among the best brokers. You can refer to their deposit and withdrawal page to know more.

Deposit and withdrawal methods available

  • E-Systems, Neteller and Skrill
  • Wire transfers
  • Supports all major credit cards

Tradable markets and products on Vantage broker

At Vantage, you'll find a wide range of markets and products which you can trust. This includes everything from major currency pairs to commodities like oil and gold from around the world, bonds, cryptocurrencies, and more. If you're looking for an extensive selection of instruments to trade, Vantage is a choice you can trust.

They also offer a number of different indices, including the ASX 200, NASDAQ 100, UK 100, and more. You can also trade stocks from a number of different companies, including Apple, Facebook, Google, and more. When it comes to CFDs, you can trade with leverage of up to 500:1. This is higher than many other brokers, so it's great for those who want to trade with a bit more risk. You can easily trade CFDs in the US, UK, and Australian markets.

And, if you're a budding or an experienced forex trader, you'll appreciate the Smart Trader add-on for MetaTrader. It is the best tool for MetaTrader that makes it easier than ever to trade forex and CFDs, with features like charting tools, real-time news feeds, an economic calendar, and more. You can also download apps for iOS or Android so you can trade the markets on the go.

You can easily trade all these markets and products on the Vantage platform, which is available for both desktop and mobile devices. You can use both MetaTrader 4 and MetaTrader5 platforms, so many options are available.

Moreover, if you are new to trading, you can take advantage of their demo account. In this, you can trade with virtual money and get a feel for how the platform works in real markets before you start with real money. This is a great way to learn about trading and to test out your strategies without risking any of your own money.

Vantage leverage options

Vantage tops the broker’s list as they offer many different leverage options to meet the needs of both new and experienced traders. You can choose from up to 500:1 in most markets, though there are some exceptions. This makes it easy to trade with smaller amounts while still enjoying the potential for big profits. Plus, you don't need a high balance to start with leverage.

However, while using the leverage feature, you need to be aware that with high risk also comes high rewards. Therefore, it's very important to do your research and understand the market conditions before you start with leverage so you can ensure that you make smart, calculated trades. Leverage can be an excellent tool for those who know how to use it correctly, but it can also be hazardous if you don't. It applies to all brokers that offer leverage to their users.

Trading platform and tools

Vantage offers you various platforms and tools to choose from, depending on your needs.

Vantage Trading platforms and tools screenshot
Trading platforms and tools

The MetaTrader 4 platform is the most popular choice among traders and brokers that they trust. It's user-friendly yet packed with features and tools that both new and experienced traders will find helpful. Plus, it's available on desktop, web, and mobile devices so that you can trade from anywhere in the world.

If you're looking for a more advanced trading platform, you might want to try the Smart Trader add-on for MetaTrader 4. This add-on provides intelligent order execution, real-time news and research, and helpful tools like an economic calendar and market analysis that other brokers also offer.

In addition to MetaTrader 4, you can also trade using MetaTrader 5, the latest version of the MetaTrader platform. MetaTrader 5 offers all of the same features and tools as MetaTrader 4, plus a few extras like an improved strategy tester and more timeframe options.

Vantage Trading Platform screenshot
Trading Platforms

If you're looking for a simple, user-friendly platform, the Webtrader feature might be a good option for you. This platform is designed for those who want to trade without downloading or installing any software. Instead, just log in and start trading from your web browser.

WebTrader

It's among some elite brokers that offer platforms and tools to meet the needs of both novice and experienced traders. The most popular choice of markets is the MetaTrader 4 platform, which is user-friendly yet packed with powerful features that can help traders of all skill levels. It's also available on desktop, web, and mobile devices so that you can trade from anywhere in the world.

Trading through apps

If you're looking for a sophisticated app that offers all the features and tools of the desktop platform, Vantage's mobile app is a great option. With this app, you can easily access your information and make trades right from your smartphone or tablet. It also provides real-time market data, so you always know where the markets are heading. The apps are available for both Android and iOS.

V Social trading app

You'll love Vantage's Social app if you're into copy trading. This app lets you connect with other traders and copy their trades, so you don't have to do all the research yourself. Plus, it's a great way to learn from more experienced traders and get an inside look at how they trade. The app is available for both Android and iOS. In addition, this app comes with excellent synchronization with MetaTrader 4 and MetaTrader 5 platforms.

Vantage different accounts

This platform offers multiple profiles to meet the needs of all types of traders. The types include:

Standard STP

This is perfect for novice traders who are just starting out, as it offers simple and direct market access with no commissions. Here are the details of the standard STP:

PlatformMT4,MT5
Market options44+ Currency pairs 16+Indices,19+Commodities,226+ Shares CFDs
Platform choices available MT4/MT5 for Mac,WebTrader mobile apps
Minimum deposit$200
Min trade size available0.01 lot
Leverage rangeUp to 500:1
Spreads available form1.0 pip
Commission charged$0
Currencies available for tradersAUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD

RAW ECN

This is designed for experienced traders who require deep liquidity and razor-sharp spreads. Here are the details of the RAW ECN:

PlatformMT4,MT5
Market options44+ Currency pairs 16+Indices,19+Commodities,226+ Shares CFDs
Platform choices available MT4/MT5 for Mac,WebTrader mobile apps
Minimum deposit$500
Min.trade size available0.01 lot
Leverage rangeUp to 500:1
Spreads available form0.0 pip
Commission chargedFrom $3 per lot per side
Currencies available for tradersAUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD

Pro ECN

This is tailored for professional traders and money managers who trade high volumes. Here are the details of the Pro ECN:

PlatformMT4,MT5
Market options44+ Currency pairs 16+Indices,19+Commodities,226+ Shares CFDs
Platform choices available MT4/MT5 for Mac, WebTrader mobile apps
Minimum deposit$20,000
Min. trade size available0.01 lot
Leverage rangeUp to 500:1
Spreads available form0.0 pip
Commission chargedFrom $1,75 per lot per side
Currencies available for tradersAUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD

How to open an account on Vantage

Follow these easy steps to get started with Vantage:

  1. Go to the website and click "Open alive account."
  2. Choose your account type, including STP, RAW ECN, or Pro ECN
  3. Enter your name, email address, country of residence, and phone number.
  4. Click "Open my account" and fill out the application form.
  5. Choose your payment method for depositing funds, including credit/debit cards, bank transfers, and e-wallet services like Neteller or Skrill.
  6. Follow the instructions to start trading on the platform!

Overall, Vantage makes creating your profile easy and convenient and starts trading forex. Whether you're a beginner or an experienced trader, this broker has an account type that's perfect for you.

Vantage Partner Programs

  • Highly Competitive Commission and Pay-out Structure
  • Transparent Payment and Performance Reporting
  • Multilingual High Conversion Marketing Materials
  • Award Winning Multi-Asset Broker Easy-to-Start Programs with Ongoing Support
  • PAMM/MAM Solutions for Fund Managers Loyalty and Promotional Program Strictly Regulated

Vantage customer support options

This platform offers multiple ways to contact a customer support representative if you have questions or need assistance. You can get the company by phone, email, live chat, or social media platforms like Facebook and Twitter.

It understands that customer support is an essential part of offering quality services to traders around the world. Therefore, they offer support 24/7, and they typically respond within 24 hours, depending on when you contact them.

Vantage research tools

This platform offers a wide range of research tools and resources to help you make informed, successful trades. The tools include:

  • MT4/MT5 SmartTrader: This innovative platform makes trading forex easier and more intuitive than ever. You can choose your indicators, set up alerts, and use several advanced tools that can help you stay ahead of the market.
  • Margin calculator: This tool can help you run different scenarios and see how your margin requirements might change. It is a great way to keep track of your risk exposure and ensure that you always have enough capital to cover potential losses.
  • Profit calculator: This simple tool can help you determine your potential earnings when you make a trade. It allows you to enter specific leverage and market details, so it's very accurate and easy to use.
  • SWAP and interest calculator: This calculator can help you estimate the amount of interest you'll earn or pay on a trade based on the current market conditions. This is important information to have to make sure that your trades are profitable in the long run.
  • Forex VPS: This service can help you improve your performance by providing a secure, stable connection to the market. This is especially important if you want to trade using automated strategies or EAs. In addition, Forex VPS is useful when you want to trade 24 hours a day but don't want to leave your computer running all the time.
  • TradingView: With this feature, you can access a wide range of features like chart types, custom watchlists, and indicators all in one convenient platform. It can help you stay on top of the market and make better decisions in real time.
  • Trading signals: With this service, you can receive real-time signals from professional traders. It can help you stay informed about market conditions and make better trades.
  • ProTrader tools: In this set of tools, you get a wide range of advanced options like market news, topic raking features, custom filters to make your research more accessible, and much more.

Educational resources for users

They offer a rich collection of guides and webinars that can help both novice and experienced traders alike improve their skills. Their educational resources cover various topics, including how to trade forex, technical analysis, fundamental analysis, risk management, trading psychology, and many more.

MT4 and MT5 guides — Their education resources include a collection of in-depth guides on the popular MetaTrader4 and MetaTrader5 platforms. These guides can help you navigate these powerful trading tools with ease and get the most out of your trading experience.

Awards

Vantage has won numerous market awards over the years, including ADVFN international

Financial Awards 2022, International Business Magazine Awards 2022 and Fintech Awards 2021. This broker has also been recognized by a number of other notable organizations, such as Investopedia and FX Empire.

Vantage broker review in a nutshell

Vantage open live acount
Vantage

Vantage is a leading forex broker that offers competitive pricing, powerful trading platforms, and excellent customer support. Whether you're a beginner or an experienced trader, it has the tools and resources you need to be successful in the world of forex.

Compared to other brokers, the minimum deposit is higher, but the trading conditions are much more favourable. With competitive pricing, fast execution times, and a range of powerful trading platforms, it is the perfect choice for forex traders around the world. Moreover, the customer support is excellent and always available to help you with any problems you might have.

FAQ

Is Vantage a legit broker?

Vantage is a forex broker founded in 2009 that offers online trading in more than 80 currency pairs, precious metals, energy commodities, equity indices, and cryptocurrencies. The company is headquartered in Sydney, Australia, and is regulated by the Australian Securities and Investments Commission (ASIC). You can be confident that it is a legitimate forex broker.

Is Vantage a regulated broker?

Yes, Vantage is among regulated forex brokers. The company is headquartered in Sydney, Australia, and is regulated by the Australian Securities and Investments Commission (ASIC). It is a fully-regulated and transparent broker that adheres to strict financial regulations. The best part is that it offers negative balance protection to its traders, which means your balance will never go below zero.

Is Vantage safe?

Yes, Vantage is among the best safe and reliable brokers. They are regulated by the Australian Securities and Investments Commission (ASIC) and hold an Australian Financial Services License (AFSL). This means that they are the brokers who are required to meet strict financial standards and comply with stringent regulations. Whether you are a beginner or an experienced trader, you can trade with confidence, knowing that your funds are safe and secure.

Is Vantage a good broker?

Yes, Vantage is among good brokers. They offer competitive spreads, a wide range of trading instruments, and excellent customer service. You can trade with confidence, knowing that your funds are safe and secure. In addition to this, this platform offers easy deposit and withdrawal options, making it a convenient choice for online traders. Moreover, the broker provides a user-friendly and intuitive trading platform that is suitable for both beginners and experienced traders.

How long does Vantage withdrawal take?

Vantage withdrawals are processed within 1-2 business days like other brokers. However, the time taken for the funds' withdrawal will depend on your bank's processing time. Moreover, you can withdraw $10,000 per transaction like many other brokers. You have several options when it comes to withdrawing your funds, including bank transfer, credit/debit card, and e-wallet.

What is the Vantage platform?

The Vantage platform is a user-friendly and intuitive online trading platform that is suitable for both beginners and experienced traders. The platform offers a wide range of features and tools, including advanced charting, live market news, and a built-in economic calendar. You can access the platform via your desktop, web browser, or mobile device. Moreover, the platform is available in multiple languages, making it accessible to traders from all over the world.

Is Vantage a scam website?

No, Vantage is not a scam website, and it is among the top brokers. The broker is regulated by the Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services License (AFSL). Moreover, all processes are transparent, and the broker provides a user-friendly trading platform. You can trade with confidence, knowing that your deposits are safe and secure. Vantage FX brokers follow a strict data protection policy and employ the latest security measures to safeguard your personal and financial information.

Does Vantage accept US clients?

No, Vantage does not accept US clients. The broker is not regulated by the US Securities and Exchange Commission (SEC). However, it is a reliable and safe broker for traders from all over the world, excluding the USA. The US CFTC regulation prevents US citizens from trading with overseas brokers. Moreover, the Dodd-Frank Act imposes strict regulations on financial institutions operating in the USA.

How to log into your Vantage?

If you are a new client, you need to create your profile and verify it first, and this process remains the same for all brokers. Once you are verified, you will be able to log in using your email address and password. If you forgot your password, you can reset it by clicking on the "Forgot Password" link on the login page. Moreover, you can log in to your dashboard on the website or using the mobile trading platform.

What is the minimum deposit for the Vantage broker?

The minimum deposit for Vantage FX is $200. This is a very low amount compared to other brokers, which makes it an attractive choice for beginner traders. It is higher than many other brokers, but the facilities and trading tools you get are also top-notch.

Does Vantage offer affiliate programs?

Yes, Vantage offers affiliate programs that provide a better commission than many other brokers. The broker has a multi-tier commission structure that allows affiliates to earn up to $800 on the revenue-sharing model. At Vantage, you get a cookie duration of 90 days and two-tier sub-affiliates. Even if you are a beginner in broker affiliate marketing, you can easily understand their commission structure and start promoting their products. You can easily withdraw your affiliate commissions through Neteller, Skrill, or bank wire transfer.

What is the minimum trade size for Vantage?

The minimum trade size for this trading platform is 0.01 lots. This means that you can start trading with as little as $1. The broker also offers micro-lots (0.001), which is even better for beginner traders who want small sizes. Moreover, you can trade in multiple currencies, which is a great advantage.

What is the maximum leverage offered by Vantage?

The maximum leverage offered by Vantage is 1:500. This is one of the highest leverages among brokers, and it gives you the opportunity to make big profits with a small investment. For retail clients, the maximum leverage is 1:30, which is still high compared to other brokers. However, you should use leverage responsibly because it can also lead to significant losses.

Can you perform copy trading on the Vantage platform?

Yes, you can perform copy trading on the Vantage platform. It's among a few good brokers that offer a wide range of copy trading services, including MetaTrader Signals. With these services, you can easily copy the trades of successful traders and make profits without doing any work yourself.

Does Vantage offer a demo account?

Yes, Vantage offers a demo account. You can open it with the broker and test their platform and services without risking any real money. The demo one is funded with virtual money, which is enough to test the brokers' services. Using it, you can also learn how to trade and hone your skills before you start trading with real money. It's an ideal way for beginners to get started in trading.

Can you delete your Vantage trading account?

Yes, you can delete your Vantage trading profile. If you no longer want to trade with the broker, you can simply contact their customer support and ask them to delete your profile. You will need to provide your reasons for deleting the profile, and the broker will process your request within 24 hours.

How long does it take to open a Vantage account?

It usually takes around 24 hours to open a Vantage account. The broker will need to verify your identity and process your request before you can start trading. Once everything is in order, you will receive an email from the broker with the essential details. After your profile is activated, you only need to add funds to start trading. You can get started with Vantage for $200 and trade with leverage of up to 1:500.

I live in the UK. Can I open an account with Vantage FX?

Yes, you can open an account with Vantage if you live in the UK. The broker is available to traders from all over the world, including the UK. You will need to provide your personal information and verify your identity before you can use the platform. Also, make sure that you have a valid UK address.

Is Vantage an ECN broker?

Yes, Vantage is an ECN broker. This means that they offer their clients direct access to the interbank market. The broker doesn't take trades themselves, but they act as a middleman between traders and banks. This allows them to offer tight spreads and fast execution speeds. They've recently introduced this facility which gives traders even more advantages.

What is a standard STP on Vantage?

A standard STP on Vantage is an account where the broker executes your trades directly with their liquidity providers. This means that you get to trade on tight spreads with fast execution speeds. The only disadvantage of it is that you don't have direct access to the interbank market.

What are some critical differences between STP and ECN?

The critical difference between STP and ECN is that STP stands for Straight Through Processing, meaning that all orders are processed directly by the broker with no middleman. ECN, on the other hand, stands for Electronic Communications Network, meaning that orders are matched and filled by a network of banks and financial institutions.

What is an MT4 ECN on the Vantage platform?

An MT4 ECN on the platform is a live trading facility that gives you access to the electronic communications network (ECN). This allows you to trade with real-time market prices and get the best possible price for your trades.

Who is the owner of Vantage?

This platform is owned by the holding company Vantage International Group Pty Ltd. The company is headquartered in Sydney, Australia, and the best part is that it's regulated by the Australian Securities and Investment Commission (ASIC).

What are the benefits of trading with a Vantage ECN?

Some of the benefits of trading with a Vantage FX ECN include:

  • Access to the ECN network, which gives you the best possible prices for your trades.
  • No dealing desk intervention or order manipulation.
  • Transparent pricing with low spreads from 0.0 pips.
  • Fast and reliable trade execution.
  • Negative balance protection.

Is Vantage a market maker platform?

No, it is an ECN platform; this means that we don't take the other side of your trade as a traditional broker. They simply provide you with access to the interbank market, so you can trade directly against other banks and institutions.

Do I need to download any software?

No, Vantage has developed its own web-based platform called WebTrader. This can be accessed from any computer with an internet connection without the need to download or install any software. But, if you want to trade on your smartphone, you'll need to download the mobile app that is available for both iOS and Android devices, and these apps deliver you the best experience.

Is Vantage halal?

Yes, Vantage is a halal broker and is compliant with Islamic law. You don't have to worry about any Vantage products or services being Haram. In addition to this, they offer swap-free Islamic accounts to their clients.

Does Vantage accept PayPal?

No, Vantage FX does not accept PayPal. However, they do offer a wide range of other deposit and withdrawal methods, including credit/debit cards, bank wire transfers, and e-wallets such as Skrill and Neteller.

How to withdraw money from Vantage?

Withdrawing money from Vantage is easy, and you can do it by going to your secure client portal and selecting the withdraw tab from the menu. From there, you will be able to choose your preferred withdrawal method and submit a withdrawal request.

Can you get rich with Vantage?

There is no guarantee that you will get rich by trading with Vantage or with any other broker, for that matter. However, if you trade responsibly and follow a sound money management strategy, it is certainly possible to make a good profit from trading the financial markets.

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