Written by Angelo Martins
Edited by David Johnson
Fact checked by Andres Nicolini
Human moderated by Jason Peterson
Last updated August, 2024

Vantage Markets Overall rating

4.6
Ranked 10 out of 828 (Forex Brokers)
Overall rating is derived from an aggregate of ratings in multiple categories.
Rating Weight
User Rating 3
Popularity
4.3
3
Regulation
5.0
2
Pricing rating
5.0
1
Features
Not rated
1
Customer Support
Not rated
1

Pros

  • Regulated by multiple reputable authorities including UK FCA and AU ASIC.
  • Offers competitive forex and commodities spreads.
  • High popularity rating with over 4.2 million organic monthly visits.
  • Founded in 2009, indicating a well-established presence in the market.
  • Provides MetaTrader 4, MetaTrader 5, and proprietary trading platforms.

Cons

  • Not licensed as a bank.
  • Does not provide its financials publicly.
  • Somewhat higher spreads for currencies compared to competitors.
* As of June 11, 2024

We tested Vantage Markets using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. Read our About Us page to read our editorial guidelines and how we make money.

Trustworthiness & Regulation

* As of June 11, 2024

Vantage Markets, founded in 2009, is a well-established broker in the forex industry. It is regulated by several reputable authorities, including the UK FCA and AU ASIC, ensuring a high level of trustworthiness.

The broker also maintains segregated client accounts, adding an extra layer of security for traders. User reviews are predominantly positive, with an average rating of 4.5 out of 5 from eight reviews, including two from verified real trading accounts.

Despite not being licensed as a bank or providing its financials publicly, Vantage Markets ranks 6th in user ratings and 11th in expert reviews in our forex broker database. The broker enjoys significant popularity, with a rating of 4.3 out of 5 and over 4.2 million organic monthly visits, ranking 10th in organic traffic.

Vantage Markets is regulated by several reputable authorities:

Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Rebates Max. Leverage Retail Clients
Vantage Global Prime Pty Ltd 30 : 1
Vantage Global Prime LLP up to £85,000 30 : 1
Vantage International Group Limited 500 : 1
Vantage Global Limited 500 : 1


It’s important to note that even highly regulated and successful financial firms can fail. Investors should remain vigilant and consider the security of their funds at all times.

Deposit Insurance

Vantage Markets supports investor compensation programs under its regulatory frameworks. The UK FCA regulation includes a deposit compensation scheme that compensates investors (up to £85,000) if an authorized financial firm fails. This scheme provides a level of security and peace of mind for traders, knowing that their funds are protected to some extent.

While the Australian AU ASIC and the Cayman Islands KY CIMA regulations do not offer a deposit compensation scheme, Vantage Markets ensures segregated client money and negative balance protection across all its entities. This means that client funds are kept separate from the company's operating capital, reducing the risk of loss if the company faces financial difficulties.

Spreads and Costs

* As of June 11, 2024

Vantage Markets offers competitive spreads across various asset classes, especially in cryptocurrencies and commodities. When comparing averages across asset classes, Vantage Markets has relatively low spreads and costs compared to some of the industry-leading brokers. This makes it a cost-effective choice for traders looking to minimize trading expenses.

Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers

Broker - Account Type Crypto Average Forex Average Indices Average Commodities Average
Vantage Markets – Raw ECN 8.43 1.50 - 0.09
Tickmill – ECN PRO 8.38 1.22 1.65 0.10
IC Markets - Raw Spread 9.11 1.42 1.33 0.09
XM – Standard 39.17 2.49 3.54 -
RoboForex – ECN - 1.20 - 0.08
HFM – ZeroSpread 21.86 1.33 4.77 0.12
Pepperstone – Razor 22.77 2.71 2.31 0.11

Note that crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD) and that data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.

Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.

Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.

Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.

Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers

Broker - Account Type BTCUSD ETHUSD EURUSD USDJPY GBPJPY EURGBP AUDNZD CADCHF AUS200 US30 XAUUSD XAGUSD
Vantage Markets – Raw ECN 14.31 2.53 0.83 1.56 2.36 0.85 2.38 1.00 - - 0.14 0.03
Tickmill – ECN Pro 15.38 1.33 0.53 0.98 2.15 0.67 1.52 1.49 1.01 2.30 0.19 0.01
IC Markets – Raw Spread 15.20 3.00 0.80 1.43 1.98 0.94 2.21 1.18 1.70 0.95 0.15 0.02
XM – Standard 73.04 5.32 1.36 1.61 3.57 2.30 3.40 2.67 2.83 4.24 - -
RoboForex – ECN - - 0.72 1.07 1.63 0.86 1.81 1.11 - 1.22 0.15 0.01
HFM – ZeroSpread 39.12 4.60 0.64 1.35 1.25 0.53 2.78 1.45 1.40 8.13 0.20 0.04
Pepperstone – Razor 41.28 4.27 1.33 2.24 4.38 1.59 3.47 3.25 1.91 2.71 0.20 0.02

Swap Rates/Financing Fees

Swap rates, also known as overnight or rollover fees, are charged when a position is held overnight. Positive swap rates mean the trader earns money, while negative swap rates mean the trader incurs a cost.

Vantage Markets offers swap rates that are generally in line with the industry average when compared to leading brokers. This makes their swap rates neither exceptionally good nor bad, but rather competitive within the market.

Broker Best Average NZDUSD Swap Short NZDUSD Swap Long USDJPY Swap Short USDJPY Swap Long XAUUSD Swap Short XAUUSD Swap Long
Vantage Markets -- -2.33 -0.22 -0.22 -2.65 1.00 18.90 -30.80
Tickmill Best -2.18 -0.13 -0.13 -2.63 1.26 21.39 -32.82
IC Markets -- -2.27 -0.10 -0.14 -2.59 1.25 20.78 -32.84
XM -- -5.29 -0.21 -0.20 -3.59 1.02 19.67 -48.45
Roboforex -- -5.81 -0.23 -0.30 -3.56 1.22 -3.00 -29.00
HFM -- -7.89 -0.14 -0.14 -3.65 0.00 0.00 -43.31
Pepperstone -- -2.95 -0.14 -0.13 -2.68 1.28 23.55 -39.59

Does Vantage Markets Offer Islamic/Swap-free Accounts?

Islamic accounts, also known as swap-free accounts, are designed for traders who cannot earn or pay interest due to religious reasons. Vantage Markets does offer Islamic accounts that comply with Sharia law. These accounts do not incur swap or rollover interest on overnight positions, but they may charge other administrative fees instead.

To apply for an Islamic account with Vantage Markets, traders need to open a standard account first and then request to convert it to an Islamic account. More details can be found on their website.

Other Fees

In addition to spreads, commissions, and swap rates, brokers may charge other fees. Here are some of the additional fees associated with Vantage Markets:

Fee Type Details
Withdrawal Fees No fees for credit/debit card and e-wallet withdrawals. Bank wire withdrawals may incur a fee.
Inactivity Fees No inactivity fees are charged.
Account Maintenance Fees No account maintenance fees are charged.

Comparison to other Brokers

* As of June 11, 2024

Vantage Markets is a well-established broker, founded in 2009, and regulated by multiple reputable authorities including the UK FCA and AU ASIC. This ensures a high level of trust and security for its clients. The broker maintains segregated client accounts, adding an extra layer of protection for traders.

In terms of user reviews, Vantage Markets has a strong rating of 4.5 out of 5 from eight reviews, including two from verified real trading accounts. It ranks 6th in our forex broker database based on user ratings and 11th based on expert reviews. The broker also enjoys significant popularity, with a rating of 4.3 out of 5 and over 4.2 million organic monthly visits, ranking 10th in organic traffic.

When it comes to spreads and costs, Vantage Markets offers competitive rates, especially in cryptocurrencies and commodities. The broker's spreads are generally low compared to industry-leading brokers, making it a cost-effective choice for traders. However, its spreads for forex are somewhat higher than some competitors.

Vantage Markets' swap rates are in line with industry averages, providing competitive rates for traders holding positions overnight. The broker also offers Islamic accounts for traders who cannot earn or pay interest due to religious reasons.

Overall, Vantage Markets compares favorably to other brokers, particularly in terms of regulatory oversight, user reviews, and cost-effectiveness. However, traders should always consider their specific needs and preferences when choosing a broker.

Trading Platforms - Mobile, Desktop, Automated

Platform Device Compatibility Automated Trading Programming Language
Proprietary Desktop, Mobile, Web No -
MetaTrader 4 Desktop, Mobile, Web Yes MQL4
MetaTrader 5 Desktop, Mobile, Web Yes MQL5
TradingView Desktop, Mobile, Web Yes Pine Script

Vantage Markets offers a range of trading platforms to suit different types of traders. Their proprietary platform is available on desktop, mobile, and web, providing a seamless trading experience across devices, and making it a versatile choice for traders.

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are widely recognized for their robust features, advanced charting tools, and support for automated trading through MQL4 and MQL5 languages respectively. Both platforms are available on desktop, mobile, and web, ensuring accessibility and flexibility.

TradingView is another popular platform offered by Vantage Markets, known for its user-friendly interface and powerful charting capabilities. It supports automated trading through Pine Script, which is relatively easy to learn for traders looking to develop custom trading strategies.

Overall, Vantage Markets provides a comprehensive suite of trading platforms that cater to the needs of both novice and experienced traders, with strong support for automated trading across different languages and platforms.

What Can you Trade?

Asset Class Number of Instruments
Forex CFD 44
Crypto CFD 34
Stock CFD 600+
Stock Index CFD 16
Commodities CFD 19
ETFs 50+
Bond CFD 7
Futures CFD -

Vantage Markets offers a wide range of tradable instruments across various asset classes. Traders can access 44 Forex CFDs, 34 Crypto CFDs, over 600 Stock CFDs, 16 Stock Index CFDs, 19 Commodities CFDs, and more than 50 ETFs. This diverse selection allows traders to create a well-rounded portfolio and take advantage of different market opportunities.

It is important to note that Vantage Markets primarily offers trading in CFDs (Contracts for Difference) rather than owning the underlying assets. CFD trading allows traders to speculate on price movements without owning the actual asset, providing flexibility and leverage. However, leverage can amplify both gains and losses, so it should be used cautiously.

For a detailed list of available instruments, visit the broker's website.

Available Leverage

Vantage Markets offers varying leverage levels depending on the regulatory framework and the type of instrument. Under the UK FCA and AU ASIC regulations, the maximum leverage for retail clients is 30:1. However, for clients under the Vanuatu VFSC and Cayman Islands CIMA regulations, the maximum leverage can go up to 500:1.

Leverage allows traders to control larger positions with a smaller amount of capital, potentially increasing both profits and losses. It is essential to understand the risks associated with high leverage and use it judiciously.

Prohibited Countries

Vantage Markets cannot open client accounts for residents of certain countries due to regulatory restrictions. These countries typically include the United States, North Korea, and some other jurisdictions where local regulations prohibit or restrict the provision of financial services by foreign entities.

For a complete and updated list of prohibited countries, please refer to the broker's website.

Vantage Markets Account types

  Standard STP Raw ECN Raw ECN AU
Commission-$3.00 Per Side Per Lot$1.00 Per Side Per Lot
Maximum leverage500:130:1
Mobile PlatformMT4 Mobile, MT5 Mobile
Trading platformMT4, MT5, WebTrader
Spread TypeVariable Spread
Minimum Deposit200500200
Minimum Trade Size0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Standard STP
Maximum leverage 500:1
Trading platform MT4MT5WebTrader
Mobile platform MT4 MobileMT5 Mobile
Spread type Variable Spread
Minimum deposit 200
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Raw ECN
Commission $3.00 Per Side Per Lot
Maximum leverage 500:1
Trading platform MT4MT5WebTrader
Mobile platform MT4 MobileMT5 Mobile
Spread type Variable Spread
Minimum deposit 500
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Raw ECN AU
Commission $1.00 Per Side Per Lot
Maximum leverage 30:1
Trading platform MT4MT5WebTrader
Mobile platform MT4 MobileMT5 Mobile
Spread type Variable Spread
Minimum deposit 200
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

Vantage Markets Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

Websites
vantagemarkets.com
partners.vantagemarkets.com
Organic monthly visits 15,117,943 (99%)
Organic traffic rank 3 out of 828 (Forex Brokers)
Paid monthly visits 132,399 (1%)
Total monthly visits 15,250,342
Bounce rate 70%
Pages per visit 2.31
Average visit duration 00:02:11.6900000

Vantage Markets Profile

Company Name Vantage Global Limited
Categories Forex Brokers, Cryptocurrency Brokers, Forex Rebates, Cryptocurrency Rebates
Primary Category Forex Brokers
Year Founded 2009
Headquarters Australia
Office Locations Australia, Cayman Islands
Account Currency AUD, CAD, EUR, GBP, JPY, NZD, SGD, USD, HKD
Support Languages Arabic, Chinese, English, German, Greek, Hindi, Malay, Portuguese, Russian, Spanish, Afrikaans, Punjabi
Funding Methods AstroPay, Bank Wire, Bitcoin, BPAY, Broker to Broker, China Union Pay, Credit/Debit Card, FasaPay, Neteller, POLi, Skrill, Bitwallet
Financial Instruments Forex, Shares, Indices, Bonds, Oil/Energies, Metals, ETFs, Soft Commodities (coffee, sugar...)
Prohibited Countries Afghanistan, Belgium, Burundi, Belarus, Canada, Central African Republic, Egypt, Eritrea, Guinea, Guinea Bissau, Iraq, Iran, North Korea, Lebanon, Libya, Mali, Myanmar, Russia, Sudan, Somalia, Syria, Tunisia, Ukraine, United States, Venezuela, Yemen, Zimbabwe
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Trading API
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Fixed spread
Variable spread

Vantage Markets User reviews

4.5
(8 )
Ranked 5 out of 828 (Forex Brokers)
This rating is based on 2 reviews by users that proved they are real customers of this company and 6 that did not. All reviews undergo significant human and technical moderation. Companies that get 30+ reviews by verified reviewers are scored only on their ratings by verified reviewers and get a green checkmark by their rating.

Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old. The more reviews a company receives, the higher the maximum possible aggregate user rating. After 100 reviews a company can receive the highest rating, which is an average of their user ratings.

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Vantage Markets Regulation / Money Protection

5.0
Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Rebates Max. Leverage Retail Clients
Vantage Global Prime Pty Ltd 30 : 1
Vantage Global Prime LLP up to £85,000 30 : 1
Vantage International Group Limited 500 : 1
Vantage Global Limited 500 : 1

Vantage Markets Symbols

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