Vantage Markets Review: Regulations, Trading Platforms, Instruments, Pros, and Cons

As a prominent online brokerage firm headquartered in Australia, Vantage offers an array of trading services that empower clients to tap into the global forex market. Renowned for its award-winning customer support and unwavering commitment to swift transactions, Vantage stands as a significant player in the realm of online brokers.

Company Overview

Vantage, formerly known as Vantage FX, is the flagship brand representing Vantage Global Prime Pty Ltd. It was established in 2009 under the moniker MXT Global before rebranding in 2015. While initially tailored for an Australian audience, the brand has since expanded its reach to encompass a global user base. This expansion is evident through its regulation by ASIC in Australia, FCA in the United Kingdom, and CIMA in the Cayman Islands.

Vantage Trading Platforms

The platform primarily leverages MetaTrader software, offering users access to MT4 and MT5, alongside Markettrader, Webtrader (which requires no download), TradingView, mobile trading apps, MAM/PAMM, Zulu trading, and MyFXBook Autotrade. Their mobile app is compatible with various platforms, emphasizing robot trading, where trades are executed automatically within predetermined parameters. The introduction of the MT5 platform has enabled popular automated investing tools and add-ons, facilitated by the MetaTrader community. Trading can be conducted online or through their 24/7/365 support team, reachable via phone, email, or live chat. The website is user-friendly and intuitive, with drop-down tabs providing easy access to different features and available markets.

Assets & Markets

Vantage Markets offers access to over 1000 CFD instruments, spanning forex, indices, precious metals, soft commodities, energies, ETFs, and share CFDs. Additionally, clients can speculate on cryptocurrencies.

Spreads & Commission

Vantage's spreads and commission rates align with industry standards. The Standard account incurs no commission but has slightly wider spreads compared to the Raw account, which is commission-based. For the Standard account, the indicative spread for EUR/USD is 1.4, while the Raw account boasts forex spreads starting from 0.0 pips.

Vantage Leverage

Leverage ratios at Vantage start at 100:1 and can go up to a maximum of 500:1. Access to higher leverage levels is subject to eligibility criteria, and clients interested in such leverage must apply directly to Vantage.

Mobile Apps

Vantage provides official MetaTrader apps compatible with both Apple and Android devices. These apps allow traders to execute forex trades and access real-time prices as they would on a computer. The mobile app seamlessly integrates with a trader's other platforms and offers the ability to edit pending orders. In 2022, Vantage also integrated social trading into its proprietary app, enabling clients to engage in copy trading within a single application.

Deposit And Withdrawal Options

Traders can fund their accounts using various methods, including Mastercard, Visa, Swift, BPay, Skrill, Poli, Neteller, as well as Bitcoin (BTC) and Ethereum (ETH). Credit or debit card deposits typically appear in the account within a minute, while bank wire transfers or BPay deposits take a day. BTC/ETH transfers are quick and entail no direct exchange fees. Withdrawals can be processed manually or online and are usually completed on the same working day if received before 1200 AEST.

Demo Account

Vantage offers a fully operational demo (practice) account for forex trading.

Bonus Promotions

Clients can benefit from a range of educational resources and features, including Forex signals via email, webinars, MT4 and MT5 manuals, expert advisors, free Forex VPS, economic calendars, and more. Vantage also extends a 50% welcome bonus to traders.

Regulation And Licensing

Vantage is regulated by ASIC, the Australian regulatory agency for securities and investments, which lends credibility to the brokerage. The company also holds licenses with CIMA and the FCA. Client funds are held in segregated accounts for added security.

Vantage Account Types

Traders can choose from various account types, including individual standard or RAW ECN accounts, joint accounts, company trading accounts, and Trust trading accounts. Islamic accounts with no carryover and Professional accounts with higher leverage but reduced regulatory protection are also available. Notably, Vantage offers BTC/ETH accounts compatible with STP/ECN profiles, allowing crypto enthusiasts to manage their accounts in leading tokens like Bitcoin.

Vantage Trading Hours

The platform operates 24/7, aligning with the trading hours of relevant markets.

Contact Information

Vantage's support team can be reached via phone at 1300 945 517, email at support@vantagefx.com, or through live chat.

Safety & Security

Vantage operates a trader compensation scheme and maintains indemnity insurance. Client funds are held in segregated accounts at the National Australia Bank, providing an additional layer of security.

Pros and Cons

Pros:

• Strong reputation with a global client base and ASIC license
• Competitive ECN accounts with low spreads and a reasonable commission
• Award-winning trading platforms, including MT4 and MT5, alongside user-friendly social trading options
• Unlimited demo account access with full market and robot backtesting capabilities
• Low minimum deposit of $50 with no funding fees
• Permits hedging and scalping strategies
• Quick and straightforward live account setup
• Offers various trading bonuses and promotions

Cons:

• Some clients may need to trade with the offshore entity
• The best account conditions require a $10,000 deposit
• Cryptocurrencies are only available to Australian clients.

Vantage presents a reasonable choice for beginner traders or those looking to trade with smaller sums. The RAW account, with its competitive commission rates and tight spreads, stands out as an attractive option. However, for more experienced traders seeking larger trades and higher risk tolerance, other platforms with such features may be preferable.

Vantage Broker Review

Disclaimer: - We at forexoverflow do not endorse neither refer anyone to trading broker websites. The information is for educational purpose and source of information is from the broker website.