Vantage Markets Review 2023 - Verified Customer Reviews
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Vantage Markets Review
Updated June 19, 2023
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
KEY TAKEAWAYS
- Competitive pricing (RAW accounts with spreads from 0.0 pip)
- Fast execution speeds and low latency times
- Regulated in the EU, Australia, Vanuatu and Cayman Islands
- Free deposits and withdrawals (except bank wires)
Regulations and Money Protection
5.0
| Entity Name | Licence & Regulation | Client Money Protection | Deposit Compensation Scheme | Negative Balance Protection |
|---|---|---|---|---|
| Vantage Global Limited | Vanuatu VFCA Licence | ✔️ segregated client money |
❌ | ✔️ |
| Vantage Global Prime Pty Ltd | Australia ASIC Licence | ❌ | ✔️ | |
| Vantage Global Prime LLP | UK FCA Licence | ✔️ up to £85,000 |
✔️ | |
| Vantage International Group Limited | Cayman Islands CIMA Licence | ❌ | ✔️ |
Entity/Regulation
- Vanuatu regulation: Vantage Global Limited is registered in Vanuatu at the iCount Building, Kumul Highway, Port Vila, Vanuatu. This entity is authorised and regulated by the Vanuatu Financial Services Commission (VFSC) under Section 4 of the Financial Dealers Licensing Act [CAP 70].
- Australian regulation: Vantage Global Prime Pty Ltd, registered with ABN 32 157 768 566, and with address at level 29, 31 Market St, Sydney, New South Wales, 2000, Australia, is regulated by Australia’s ASIC with ACN number 157 768 566 and AFSL licence number 428901.
- UK regulation: Vantage Global Prime LLP is a company registered in England and Wales, with the number OC376560. Vantage Global Prime LLP registered office is at 7, Bell Yard, London WC2A 2JR, UK, and this entity is authorised and regulated by the UK’s Financial Conduct Authority (FCA) with reference number 590299.
- Cayman Islands regulation: Vantage International Group Limited, trading as Vantage, is the main counterparty for international customers. This entity, with a registered address at Artemis House, 67 Fort St, PO Box 2775, Grand Cayman KY1-1111 is regulated by the Cayman Island Monetary Authority (CIMA), with a securities dealer licence, number 138349.
Client Money Protection
- Vantage Markets complies with the highest safety standards for client's funds. For this reason, Vantage Markets clients' funds are kept in the National Australia Bank (NAB), a top-tier international bank, fully segregated from the company's funds.
- Vantage Markets also complies with the client money handling rules and employs strict policies and procedures regarding the maintenance and operation of these accounts. Vantage Markets holds clients' money separately from the company funds and does not use these funds for any operational expenses or purposes.
Deposit Compensation Scheme
Vantage Global Prime LLP is a member of the Financial Services Compensation Scheme (FSCS), an independent compensation fund of last resort for customers of authorised UK financial services firms. If Vantage Global Prime LLP is unable to pay claims against it, or in the unlikely event that has been declared to be in default, clients might be entitled to compensation, up to the value of £85,000 per claim.
Negative Balance Protection
Clients of any of the Vantage Markets group entities are protected by a default NBP mechanism. This retail client safety mechanism protects traders from any losses bigger than their original investments, also in compliance with ASIC's product intervention in 2021 for CFD trading.
Accounts, Instruments and Platforms
| Accounts | Instruments | Platforms | Social trading | Maximum Leverage |
|---|---|---|---|---|
| ✔️Standard STP ✔️Raw ECN ✔️Pro ECN ✔️PAMM/MAM ✔️Islamic Accounts |
✔️Forex ✔️Indices ✔️Stocks ✔️Futures ✔️ETFs ❌Bonds ✔️Commodities ✔️Cryptos* |
✔️Vantage App ✔️MT 4 ✔️MT 5 ✔️TradingView Charts ❌cTrader |
✔️DupliTrade ✔️ZuluTrade |
30:1 UK 30:1 Australia 500:1 Rest of World |
| *Crypto CFDs are not offered to retail clients in the UK, as per FCA regulations. | ||||
Account types and currencies
- Vantage Markets has three trading accounts available; Standard (with STP execution), Raw and Pro (with ECN execution), all available with the MT4 and the MT5 platforms. Vantage Markets also offers swap-free accounts for traders of Islamic belief.
- Vantage Markets allows for social trading, including copy trading, through DupliTrade, ZuluTrade and MQL Signals.
- Vantage Markets has also MAM accounts for money managers.
- Vantage Markets' maximum leverage is 30:1 for accounts opened with the entities in the UK and Australia, and up to 500:1 for accounts opened with the other two group's entities.
- Currently, Vantage Markets trading accounts are available in USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD and JPY.
Financial instruments
Trading with Vantage Markets can be done via the MetaTrader 4 and MetaTrader 5, available on web, desktop terminal and mobile versions. Investors can also trade the markets with the Vantage App, currently available only for iOS and Android, and connect their account to TradingView and trade directly from the charts.
Vantage Markets offers an excellent selection of more than 1,000 instruments to trade, from several asset classes including forex, indices, stocks, commodities and cryptocurrencies.
Vantage Markets offers an excellent selection of more than 1,000 instruments to trade, from several asset classes including forex, indices, stocks, commodities and cryptocurrencies.
- FX market - 44+ currency pairs (including Minor and some Exotic crosses).
- Indices - 16 world indices CFDs including SPI 200, CHINA 50 and GER 40, plus, 5 additional indices futures contracts including the US30, GER 40 and NAS 100 indices.
- Stocks - 600+ stocks CFDs from worldwide top companies and banks, such as Amazon, NAB, Goldman Sachs, Alibaba, Renault, Total, Deutsch Bank, Santander, Sun Corp and Facebook.
- ETFs - 50+ popular ETFs CFDs allowing investors to diversify their portfolio with multiple assets in a single trade, including SPY, United States Oil Fund LP, iShares:MSCI Gl GMiners, Invesco QQQ Trust and many more.
- Commodities - 19 commodities CFDs including metals, 6 energies (including UK Oil and US Oil) and 5 contracts of soft commodities, including Coffee, Cotton and Cocoa.
- Cryptocurrencies - 34 CFDs crosses, including BCH, BTC and ETH. Please note that crypto CFDs are not offered to retail clients by the entity in the UK, as per FCA regulations.
Pricing
5.0
| Pricing/ Account |
Standard STP | Raw ECN | Pro ECN |
|---|---|---|---|
| Spread EUR/USD | from 1.0 pip | from 0.0 pip | from 0.0 pip |
| Commissions (1 lot) | ❌ | $6 ($2 for AU clients) | $3.5 |
| Minimum Deposit | from $200 | from $500 | from $20,000 |
Spreads
Vantage Markets spread for the most traded pair, the EUR/USD, starts at 1.0 pip and no commissions. We consider this spread, for the Standard STP account to be average when compared with other top brokers.
With a Vantage Markets Raw ECN account, the EUR/USD minimum spread is 0.0 pip (typically 0.2 pip). To benefit from the lower spread of the Raw ECN account there's a cost to pay: a trading commission. For the EUR/USD, the standard lot commission for 1 lot (100,000 units) is 6 USD commission (3 USD per side/per lot) and just 2 USD for Australian clients (1 USD per side/per lot). We consider these commission rates to be lower when compared with other top brokers, especially for Australian clients.
With a Vantage Markets Raw ECN account, the EUR/USD minimum spread is 0.0 pip (typically 0.2 pip). To benefit from the lower spread of the Raw ECN account there's a cost to pay: a trading commission. For the EUR/USD, the standard lot commission for 1 lot (100,000 units) is 6 USD commission (3 USD per side/per lot) and just 2 USD for Australian clients (1 USD per side/per lot). We consider these commission rates to be lower when compared with other top brokers, especially for Australian clients.
Rollover Rates
Vantage Markets swap rates, as of 15-04-2022, for 1 lot EUR/USD (100,000 units) stands at an average rate of -0.46 points for holding overnight a long 1 lot contract and at +0.13 points for holding overnight a short 1 lot contract. We consider Vantage Markets swap rates to be average, compared with the rollover rates offered by other top forex brokers.
Deposits/Withdrawals and Other Fees
- Deposit fees - Trading accounts can be opened in 9 different currencies and maintained via 12 different funding methods, including cards, bank wires and e-payments such as Neteller, Skrill and PayPal. Deposited funds are available almost instantly. Vantage Markets does not charge any fees for deposits.
- Withdrawals fees - Same policy applies for withdrawals (processing times vary from instant to 1 working day). Vantage Markets does not charge any additional fees for withdrawals, except for bank wires. For more information, please visit the Vantage Markets deposit and withdrawals dedicated page.
- Inactivity fee - Vantage Markets does not charge an inactivity fee or any account maintenance fees.
Popularity
4.3
| Forex Education |
Deposit Options |
Deposit/Withdrawals Fees | Non-expiring demo account | Customer Support |
|---|---|---|---|---|
| Webinars Market news Market analysis Trading guides Tools & Calculators Trading signals |
Cards Bank Wire E-payments Cryptocurrencies |
❌ (expect bank wires) | ✔️ | Multi-language 24/5 Support Live Chat Phone call |
The popularity of this great Australian broker is on the rise. Trading can be done with a good range of platforms (MT4, MT5 and Vantage) to suit all kinds of traders. But the key factor for Vantage Markets' raising popularity is its competitive pricing, particularly with the RAW ECN spread account, with low spreads and below industry average trading commissions.
Offering cutting-edge trading technology, Vantage Markets has super-fast trading servers, maximizing order execution speeds on all its trading platforms. Vantage Markets also provides traders with direct access to institutional liquidity providers, minimizing slippage.
- Trading accounts - The Vantage Markets ECN Raw account is a popular choice with traders looking to save on trading costs, with a lower spread and a competitive commission of $6 per lot traded. Extra points for Vantage Markets' policy of no fees on deposits or withdrawals.
- Forex education - Vantage Markets also gets extra popularity points for their extensive range of forex education materials, available through the "Education & Tools" tab. Vantage Markets clients can find a market analysis blog, trading tutorials, trading guides, trading tools and calculators, and trading signals.
| Funding Methods | Bank wire, credit/debit cards, BPAY, POLi, JCB, China Union Pay, Neteller, Skrill, AstroPay, Broker to Broker, FasaPay |
|---|---|
| Support Languages | Afrikaans, Arabic, Cantonese, English, German, Greek, Hindi, Malay, Mandarin, Portuguese, Punjabi, Spanish, Russian, Tamil |
- Minimum deposit - Opening a trading account with Vantage Markets is easy, fast and can be done online, taking around 5 minutes to complete all the required forms. The minimum deposit requirement to open a live account with Vantage Markets is $200 for the Standard STP account.
- Customer support - Vantage Markets' multi-language customer support service is available 24 hours, 5 days a week, in 15 languages. Vantage Markets' support is available via phone call, phone call, email and live chat directly from the broker's website.
Broker Profile
Established in 2009, Vantage is a global, multi-asset CFDs broker headquartered in Sydney, with more than 10 years of market experience, and, Vantage now has a global presence across more than 30 global offices. Vantage Markets is a retail broker providing trading solutions for experienced investors and active day traders.
This Australian-based broker offers its customers a good choice of trading platforms, competitive trading costs, low latency connectivity and superior liquidity. As an Australia's ASIC and UK's FCA regulated company, Vantage Markets is required to meet strict financial standards. These include capital adequacy and audit requirements.
Vantage Markets provides easy access to a wide range of markets, including shares, cryptocurrencies, FX, commodities and indices. Trading with Vantage Markets can be done through MetaTrader4, the next-gen MetaTrader 5, with the Vantage App, an in-house developed platform, and by connecting an account to TradingView.
Overall, on our Vantage Markets review, the broker scores an above-average 3.5 out of 5.0. Vantage Markets is a very reputable choice for traders looking for a highly regulated broker (in the EU and Australia). But, above all, especially for the lucky residents of Australia, Vantage Markets is an FX broker with some of the lower trading costs in this industry. Also, a positive note for their excellent STP/ECN environment trading conditions, with fast execution speeds, and a zero-fee policy for deposits/withdrawals (except bank wires).
Data supplied in partnership with CashBackForex - Forex Rebates places Vantage Markets on the top 10 brokers for popularity with traders opening an account in 2022.
Was this review helpful? Share it with a friend!
This Australian-based broker offers its customers a good choice of trading platforms, competitive trading costs, low latency connectivity and superior liquidity. As an Australia's ASIC and UK's FCA regulated company, Vantage Markets is required to meet strict financial standards. These include capital adequacy and audit requirements.
Vantage Markets provides easy access to a wide range of markets, including shares, cryptocurrencies, FX, commodities and indices. Trading with Vantage Markets can be done through MetaTrader4, the next-gen MetaTrader 5, with the Vantage App, an in-house developed platform, and by connecting an account to TradingView.
Overall, on our Vantage Markets review, the broker scores an above-average 3.5 out of 5.0. Vantage Markets is a very reputable choice for traders looking for a highly regulated broker (in the EU and Australia). But, above all, especially for the lucky residents of Australia, Vantage Markets is an FX broker with some of the lower trading costs in this industry. Also, a positive note for their excellent STP/ECN environment trading conditions, with fast execution speeds, and a zero-fee policy for deposits/withdrawals (except bank wires).
Data supplied in partnership with CashBackForex - Forex Rebates places Vantage Markets on the top 10 brokers for popularity with traders opening an account in 2022.
Was this review helpful? Share it with a friend!
Vantage Markets User reviews
Vantage Markets Account types user rating
(4)Standard STP
(4)RAW ECN
(4)Pro ECN