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5.4

Vantage Review 2024: Is It a Reliable Forex Broker?

(4 customer reviews)
5.4/10 (Expert Score)
Product is rated as #24
Trust
7
Fees
6.5
Platforms and Tools
8
Customer Support
4.5
Tradeable Instruments
6
Account Types and Terms
6.5
Deposit and Withdrawals
4.5
Research and Education
6.5
Vantage
5.4
Expert Score
#24 rated Forex Brokers
VISIT BROKER
VS
ZFX
7.6
Expert Score
#3 rated Forex Brokers
VISIT BROKER

Vantage Overviews


Vantage (Formerly Vantage FX) is a well established broker offering CFD trading for forex, stocks, indices, bonds, ETFs, and commodities on ECN and STP accounts. This broker is quite popular so here is a in-depth going over what this broker offers and why it is so popular.

Vantage Review 2024: Is It a Reliable Forex Broker?

Vantage (Formerly Vantage FX) is a well-established Forex broker that provides clients with a range of forex trading products and services to suit their needs. With a decade of experience in the industry, Vantage has established itself as a trustworthy and reliable broker that caters to clients from around the world. Operating from its headquarters in Sydney, Australia, and with offices in the Cayman Islands, Vantage is truly a global broker that caters to the needs of traders in different regions.

One of Vantage’s key strengths is its range of tradable assets. Clients can trade over 49 currency pairs, 25 indices, 51 ETFs, 22 commodities, and 800+ share CFDs, providing ample opportunities for traders to diversify their portfolios. Additionally, Vantage provides multiple trading platforms, including MT4, MT5, ProTrader, WebTrader, Vantage Social Trading, ZuluTrade, MyFXBook AutoTrade, and DupliTrade, to cater to different trading styles and preferences.

Regulated by ASIC, CIMA, SIBL, and FSCA, Vantage provides clients with a secure and reliable trading environment. The broker also offers educational resources and trading tools to help clients improve their trading knowledge and skills. Vantage has something to offer whether you’re a beginner or an experienced trader, so let’s see if they are the right choice for you.

Broker Feature Overview
Type of Broker ECN, STP broker
Regulation & Licensing
  • Australian Securities and Investments Commission (ASIC)
  • Cayman Islands Monetary Authority (CIMA)
  • Securities Investment Business Law (SIBL)
  • Financial Sector Conduct Authority (FSCA)
Applicable Countries Allowed To Trade Australia, United Kingdom, South Africa, Malaysia, Thailand, Vietnam, Philippines, Singapore, Hong Kong
Assets Offered Forex, stocks, commodities, ETFs, Bonds, Shares
Platforms Available MT4, MT5, ProTrader, Duplitrade, ZuluTrade, Social Trading, WebTrader
Mobile Compatibility Yes
Payment & Withdrawal Options
  • Bank wire transfer
  • Credit/debit card
  • E-wallets (Neteller, Skrill, FasaPay)
  • Local bank transfer

Facts About Vantage
  • Vantage is a global Forex broker with offices in Australia and the Cayman Islands
  • The broker offers three account types - Standard (STP), Raw (ECN), and Pro (ECN)
  • Vantage is regulated by several reputable financial authorities, including ASIC, CIMA, SIBA, and FSCA
  • Multiple trading platforms are available, including MT4, MT5, ProTrader, WebTrader, Vantage Social Trading, ZuluTrade, MyFXBook AutoTrade, and DupliTrade
  • Over 49 currency pairs, 25 indices, 51 ETFs, 22 commodities, and 800+ share CFDs are available for trading
  • Educational resources and trading tools, including an Academy, educational webinars, market news and analysis, and sentiment indicators, are provided to help clients improve their trading knowledge and skills
  • Special promotions and bonuses, such as Refer a Friend, Deposit Bonus, and Vantage Rewards, provide additional rewards and benefits for clients
  • Funding and withdrawal methods are straightforward and accessible
  • Customer support is available via live chat, email, and international phone number
  • Negative balance protection is not offered
  • The broker does not accept US clients

Pros and Cons


PROS
  • Regulated by reputable financial authorities, including ASIC, CIMA, SIBA, and FSCA
  • Multiple trading platforms to choose from, including MT4, MT5, ProTrader, and WebTrader
  • A diverse range of tradable assets, including over 49 currency pairs, 25 indices, 51 ETFs, 22 commodities, and 800+ share CFDs
  • Educational resources and trading tools to help clients improve their trading knowledge and skills
  • Special promotions and bonuses, such as Refer a Friend, Deposit Bonus, and Vantage Rewards
  • Straightforward funding and withdrawal methods
  • Excellent customer support, including live chat and email
CONS
  • Limited customer support options, including only one international phone number
  • No negative balance protection offered
  • Raw account type has a high minimum deposit requirement of $500
  • No US clients accepted
  • Spreads can be relatively high on some trading instruments

Is Vantage Safe? Broker Regulations


It will help to remember that Vantage FX rebranded in November 2021; you can find details here. Thus throughout this article, we will use Vantage FX and “Vantage” interchangeably. However, it is important to note that their website is www.vantagemarkets.com.

Regulation is crucial for forex brokers as it ensures that they operate in a transparent and fair manner. Regulated brokers are required to meet strict regulatory standards that ensure they have the necessary financial resources, employ qualified staff, and operate with transparency. Additionally, regulation helps to protect traders from fraudulent practices, as regulators can investigate and take action against brokers that violate regulatory rules.

One of the most important aspects to consider when choosing a forex broker is whether they are regulated or not. Vantage FX is regulated by the Australian Securities and Investments Commission (ASIC), a top-tier regulatory body that ensures financial companies operate fairly and transparently.

Additionally, Vantage FX holds a license from the Cayman Islands Monetary Authority (CIMA), which adds an extra layer of regulatory oversight. These regulations provide traders with the peace of mind that Vantage FX operates in a secure and trustworthy environment. You can find this information by heading to their website and scrolling to the footer section.

You can also head to their “regulations” section and find this information that is available;

  • Vantage is a trademark of Vantage Global Limited. Vantage Global Limited is authorized and regulated by the VFSC under Section 4 of the Financial Dealers Licensing Act [CAP 70] (Reg. No. 700271).

Then Vantage FX has received numerous awards for its exceptional trading services over the years. In 2020, the broker was awarded the “Best ECN Broker” at the Global Forex Awards. The year before, Vantage FX was recognized as the “Best Forex Broker Asia” at the Global Forex Awards. These awards highlight the broker’s commitment to providing exceptional trading conditions and a superior customer experience. You can also view their list of awards here.

When assessing a forex broker’s reputation, Trustpilot is one of the most trusted review platforms out there. Vantage FX has a Trustpilot score of 3.4 out of 5 based on over 1,900 reviews. This excellent rating indicates that the broker has a solid track record of providing traders with excellent trading conditions, reliable customer support, and a safe trading environment.

  • Australian Securities and Investments Commission (ASIC)
  • Cayman Islands Monetary Authority (CIMA)
  • Securities Investment Business Law (SIBL)
  • Financial Sector Conduct Authority (FSCA)

Vantage FX Reviews

Overall, Vantage FX reviews score the broker above average. The broker is noted for its good trading instruments offering and for having one of the most competitive spreads in forex trading.

Chief among broker characteristics mentioned is that Vantage stands as one of the best MetaTrader and copy trading (social trading) brokers in forex trading for 2023. They are especially noted for the support given for copy trading through the trading platform, SmartTrader. The add-ons afforded by SmartTrader work with MetaTrader and other copy trading platforms.

Additionally, Vantage is also lauded for being a reliably regulated forex broker in terms of having several tier-1 and tier-2 regulatory status, adding to the broker’s reputation as one of the more reliable forex brokers in the industry.

What Can I Trade with Vantage?


Vantage FX, formerly known as Vantage, is a reputable online forex broker offering its clients a wide range of tradable asset classes. In this analysis, we will take a closer look at each of the asset classes offered by Vantage and provide a detailed description of each.

Forex

Vantage FX boasts a plethora of over 40 forex currency pairs to trade. Traders can access majors, minors, and exotics. For traders who desire flexible leverage options, Vantage FX provides leverage up to 500:1. Vantage FX offers some of the market’s tightest spreads, starting as low as 0.0 pips. Additionally, the broker does not charge commissions on forex trades, which enables traders to keep their trading costs low.

Indices

Traders can diversify their portfolios by trading a broad range of global indices with Vantage FX. The indices include the S&P 500, NASDAQ, FTSE 100, and more. With leverage options up to 200:1, traders can access their desired trading power. Vantage FX offers spreads starting from 0.4 pips, and traders are not charged commissions on indices trades.

Precious Metals

For traders seeking to invest in safe-haven assets during economic uncertainty, Vantage FX offers the ability to trade precious metals. Traders can access metals such as Gold, silver, and platinum. Vantage FX provides leverage options up to 500:1 for precious metals trading and spreads starting from 0.0 pips. Additionally, there are no commissions charged on precious metals trades.

Soft Commodities

Vantage FX offers traders the ability to trade soft commodities such as cocoa, coffee, and sugar. These commodities are often impacted by weather conditions, supply, and demand factors.

Traders can access leverage options up to 200:1 for soft commodities trading, with spreads starting from 0.5 pips. There are no commissions charged on soft commodities trades.

Energy

Geopolitical factors and supply and demand often impact energy commodities. Traders who are interested in trading energy commodities such as crude oil, natural gas, and Brent oil can access these assets on Vantage FX. Vantage FX offers leverage options up to 200:1 for energy commodities trading, with spreads starting from 0.3 pips. Traders are not charged commissions on energy commodities trades.

ETFs

Vantage FX provides the ability to trade ETFs, which are exchange-traded funds that track a basket of assets such as stocks, bonds, or commodities. With leverage options up to 200:1 and spreads starting from 0.1 pips, traders can access a range of ETFs on Vantage FX. Additionally, traders are not charged commissions on ETFs trades.

Share CFDs

Vantage FX offers traders the ability to trade share CFDs, which are contracts for difference that allow traders to speculate on the price movements of individual stocks. Traders can access leverage options up to 20:1 and spreads starting from 0.1 pips when trading share CFDs on Vantage FX. There are no commissions charged on share CFDs trades.

Bonds

Vantage FX offers traders the ability to trade bonds, which are debt securities issued by governments or corporations. Bonds are often used as a way to diversify portfolios and hedge against risk. Traders can access leverage options up to 100:1 for bond trading, with spreads starting from 1.5 pips. There are no commissions charged on bond trades.

  • Forex
  • Share CFDs
  • Bonds
  • ETFs
  • Energy
  • Soft Commodities
  • Precious Metals
  • Indices

How to Trade with Vantage?


Trading Platform

The ways that trading is done with this broker is amongst the most we have come across. As such, we have listed all the ways that clients can trade under headings and given a breakdown in a table at the end of the section. Here are the platforms available to trade using Vantage;

  • MetaTrader 4
  • MetaTrader 5
  • ProTrader
  • WebTrader
  • Vantage Social Trading
  • ZuluTrade
  • MyFXBook AutoTrad
  • DupliTrade

MetaTrader 4 (MT4)

We have discussed MetaTrader throughout many of our reviews, but we will detail a few key features as we include all aspects of this broker’s trading platforms. Vantage offers the widely popular MetaTrader 4 (MT4) trading platform, providing clients with a user-friendly interface, advanced charting capabilities, and a vast range of technical indicators.

By utilizing MT4’s Expert Advisors (EAs) for automated trading, Vantage clients can backtest strategies and customize the platform to suit their individual preferences. Available on desktop, mobile, and tablet devices, Vantage’s version of MT4 is an excellent choice for traders of all experience levels, especially beginners.

MetaTrader 5 (MT5)

Vantage enhances its offerings with the inclusion of MetaTrader 5 (MT5), an advanced version of its predecessor. MT5 retains the core functionalities of Vantage’s MT4 platform while incorporating additional timeframes, more advanced charting tools, and an integrated economic calendar. Furthermore, the platform’s MQL5 programming language allows for more sophisticated EAs and custom indicators. Vantage’s MT5 is available on various devices, including desktop, mobile, and tablet.

ProTrader

Vantage’s proprietary trading platform, ProTrader, is designed specifically for experienced traders seeking advanced tools and features. With a highly customizable interface, Vantage ProTrader provides access to advanced charting, one-click trading, and detailed market depth. Additionally, ProTrader users can take advantage of customizable watchlists, charts, and a range of order types to implement complex trading strategies effectively.

WebTrader

Vantage’s browser-based trading platform, WebTrader, requires no download or installation. This platform offers a seamless trading experience with advanced charting tools, technical indicators, and various order types. Ideal for traders on the go, Vantage WebTrader is compatible with most modern web browsers and can be accessed from any device with internet connectivity.

Vantage Social Trading

The Vantage Social Trading mobile app allows clients to follow and copy the trades of experienced traders within the Vantage community.

With a user-friendly interface and real-time data, the app enables clients to track the performance of top traders, analyze their strategies, and automatically replicate their trades. Available on both Android and iOS devices, Vantage Social Trading provides an easy way for clients to learn from the pros and improve their trading skills.

ZuluTrade

Vantage integrates ZuluTrade, a social trading platform that allows clients to follow and copy the trades of professional traders from around the world. With a vast community of traders, ZuluTrade offers a diverse range of strategies and trading styles to choose from. Clients can utilize Vantage’s ZuluTrade integration for performance metrics, risk management tools, and customization options to create a tailored copy trading experience that aligns with their individual goals and risk appetite.

MyFXBook AutoTrade

Vantage partners with MyFXBook AutoTrade, another social trading platform that integrates seamlessly with Vantage’s trading infrastructure.

Clients can browse the platform’s extensive database of traders, analyze their performance, and choose to follow and copy their trades automatically. MyFXBook AutoTrade, in conjunction with Vantage, also provides in-depth performance analytics and risk management tools, empowering clients to make informed decisions and manage their trading portfolios effectively.

DupliTrade

DupliTrade is an automated trading platform that allows clients to copy the trades of professional traders directly to their Vantage account.

With a focus on transparency and simplicity, DupliTrade provides an easy-to-use interface, comprehensive performance statistics, and diverse strategy providers. Clients can review the historical performance of each strategy provider, choose the ones that align with their trading objectives, and automatically execute their trades. DupliTrade also offers customizable risk management settings, enabling clients to maintain control over their trading activities while using the Vantage platform.

Feature MT4 MT5 ProTrader WebTrader Vantage Social Trading ZuluTrade MyFXBook AutoTrade DupliTrade
One-Click or One-Tap Trading Yes Yes Yes Yes No No No No
Trade Straight off Charts Yes Yes Yes Yes No No No No
Email Alerts or Push Notifications Yes Yes Yes Yes Yes Yes Yes Yes
Mobile Alerts Yes Yes No Yes Yes Yes Yes Yes
Stop Order Yes Yes Yes Yes Yes Yes Yes Yes
Market Order Yes Yes Yes Yes Yes Yes Yes Yes
Trailing Stop Order Yes Yes Yes Yes Yes Yes Yes Yes
OCO Orders (One-Cancels-The-Other) No Yes Yes Yes No No No No
Limit Order Yes Yes Yes Yes Yes Yes Yes Yes
24hr trading Yes Yes Yes Yes Yes Yes Yes Yes
Charting Package Yes Yes Yes Yes No Yes Yes No
Streaming News Feed Yes Yes Yes Yes No Yes Yes No

  • MetaTrader 4
  • MetaTrader 5
  • ProTrader
  • WebTrader
  • Vantage Social Trading
  • ZuluTrade
  • MyFXBook AutoTrad
  • DupliTrade

How Can I Open Vantage Account? A Simple Tutorial


Head to the Vantage FX website at vatangemarkets.com to start the sign-up process. The site’s homepage will give you a brief overview of the broker’s products and services, but to access the sign-up page, you will need to locate the “live account” button.

You will then be redirected to the registration page. Fill Out the Registration Form. Once you have found the “Sign Up” button, click it to access the registration form. You will be asked to provide basic personal information, such as your name, email address, phone number, and country of residence. You will also be prompted to select your account type, currency, and leverage.

Vantage will ask you to verify your identity. This is a standard procedure that all brokers must adhere to, as part of anti-money laundering regulations. You will need to provide a government-issued ID, such as a passport or driver’s license, as well as proof of address, such as a utility bill or bank statement. You can upload these documents directly to the Vantage website.

Then you can fund your account. Vantage offers several funding methods, including bank transfer, credit/debit cards, and e-wallets such as Neteller and Skrill. The minimum deposit amount depends on your selected account type, but it ranges from 50 USD for the Standard account to 10,000 USD for the Pro account.

You can start trading with Vantage. The broker offers multiple trading platforms, including MT4, MT5, ProTrader, WebTrader, and Vantage Social Trading, so you can choose the one that suits your trading style and preferences. Additionally, Vantage provides educational resources and trading tools to help you improve your trading skills and knowledge.

  • Head to vantagemarkets.com
  • Click on the "live account" button located in the header
  • Fill in your personal details
  • Verify your identity
  • Deposit funds
  • Start trading using the appropriate platform

Vantage Charts and Analysis


Vantage has quite a lot of trading resources and educational material. Many top-tier, Forex, ECN, and popular online brokers also include an array of trading resources that is great for clients and potential new traders. We have omitted resources which we deem to be non-essential from their material such as economic calendars, etc. Here are the trading resources and educational material that this broker provides;

  • Academy
  • Education
  • Educational Webinars
  • Market News and Analysis
  • Sentiment Indicators
  • Trading tools (SmartTrader tools, VPS, TradingView, ProTrader tools)

Vantage’s Academy is a comprehensive educational resource designed to help clients improve their trading skills and knowledge. The Academy covers a wide range of topics, from basic trading concepts such as understanding forex pairs and order types to advanced strategies like using Fibonacci retracements and Ichimoku Kinko Hyo. The curriculum (blog) is organized into beginner, intermediate, and advanced levels, allowing traders to progress through the material at their own pace.

The Education section at Vantage is dedicated to providing in-depth articles and guides on various aspects of trading. These resources cover essential topics like risk management, trading psychology, and fundamental analysis. For example, clients can find articles explaining the role of central banks in foreign exchange markets, how to interpret economic indicators, and tips for creating a personalized trading plan.

By offering a wealth of information and practical advice, Vantage’s Education section aims to help traders make more informed decisions and develop a solid understanding of the markets.

Vantage hosts regular educational webinars, offering clients the opportunity to learn from experienced traders and industry experts. These live sessions cover a diverse range of topics, such as technical analysis techniques, trading strategies, and market updates. Participants can ask questions and interact with the presenter, allowing for a dynamic and engaging learning experience. By attending Vantage’s webinars, clients can stay up-to-date with the latest market developments, refine their trading skills, and expand their knowledge base.

Market Analysis Trading Tools

The Market News and Analysis section at Vantage provides clients with timely and relevant information about the financial markets. This section includes daily market updates, technical analysis reports, and fundamental news covering major currency pairs, commodities, and indices. By staying informed about market-moving events and trends, Vantage clients can make better-informed trading decisions and capitalize on potential opportunities.

Vantage offers sentiment indicators as a valuable tool for clients to gauge the overall market sentiment toward specific financial instruments. These indicators provide insight into the percentage of long or short traders on a particular asset, helping clients identify potential market reversals or trend continuations. By incorporating sentiment analysis into their trading strategies, Vantage clients can make more informed decisions and manage their risk more effectively.

Vantage Trading Tools

Vantage’s Smart Trader Tools is a comprehensive suite of tools and indicators designed to help clients optimize their trading strategies and improve their overall performance. This package includes a range of advanced features, such as a trade terminal, correlation matrix, and sentiment trader. Clients can also access a range of expert advisors and custom indicators designed to enhance their trading experience on the MetaTrader platforms.

Vantage offers a Forex Virtual Private Server (VPS) service, allowing clients to run their automated trading strategies 24/7 without the need for a personal computer. By using a VPS, clients can benefit from faster execution speeds, reduced latency, and a more stable trading environment, making it an ideal solution for those using Expert Advisors or other automated trading systems.

Vantage has partnered with TradingView, a popular web-based charting and analysis platform. Clients can access TradingView’s advanced charting tools, market data, and social features directly through the Vantage platform. By integrating TradingView, Vantage clients can take advantage of the platform’s extensive features and collaborate with a community of traders.

Then Vantage provides trading signals, providing clients with trade ideas and market insights from professional analysts. These signals cover a range of financial instruments, including forex, commodities, and indices, and are designed to help clients identify potential trading opportunities and improve their decision-making process. By incorporating trading signals into their strategies, Vantage clients can benefit from the expertise of seasoned traders and potentially enhance their overall performance.

Vantage’s Pro Trader Tools and Tutorials are designed to help experienced traders take their trading to the next level. This section includes advanced trading tools, such as a customizable trade terminal, a variety of order types, and access to detailed market-depth information. In addition, Vantage provides tutorials on using these tools effectively, enabling clients to refine their trading strategies and maximize the potential of the ProTrader platform.

By offering a comprehensive range of trading resources, educational material, and advanced trading tools, Vantage aims to equip its clients with the knowledge and skills required to succeed in the foreign exchange market and CFD trading.

  • Academy
  • Education
  • Educational Webinars
  • Market News and Analysis
  • Sentiment Indicators
  • Trading tools (SmartTrader tools, VPS, TradingView, ProTrader tools)

Vantage Account Types


Vantage gives options of three distinct account types to cater to the diverse needs and preferences of its clients: the Standard (STP) account, the Raw (ECN) account, and the Pro (ECN) account. Each account type is designed to provide a unique trading experience with varying features and benefits. It is important to note that some aspects of each account overlap, such as the range of tradable assets available. Below, we discuss each account type in detail.

The Standard (STP) account is designed for both beginner and experienced traders, offering a straightforward trading experience with no commissions. With this account, clients can trade a wide range of assets, including 49 currency pairs, 25 indices, 51 ETFs, 22 commodities, and over 800 share CFDs.

The Standard (STP) account is compatible with both MetaTrader 4 and MetaTrader 5 platforms, providing clients with the flexibility to choose their preferred trading environment. The minimum deposit required to open a Standard (STP) account is 50 USD, and clients can enjoy competitive spreads starting from 0.0 pips. The account offers leverage up to 500:1, and traders can select from multiple base currencies, such as USD, AUD, GBP, EUR, SGD, and CAD.

Vantage’s Raw (ECN) account is tailored for experienced traders who prefer tighter spreads and are comfortable with paying a commission per trade. This account type provides access to a comprehensive range of assets, including 49 currency pairs, 25 indices, 51 ETFs, 22 commodities, and over 800 share CFDs. The Raw (ECN) account is available on both MetaTrader 4 and MetaTrader 5 platforms, allowing traders to take advantage of the advanced features and tools offered by these platforms.

The minimum deposit required for the Raw (ECN) account is 50 USD, and clients can benefit from tight spreads starting from 0.0 pips. This account type features a commission of $3 per side per 100,000 units traded, leverage up to 500:1, and the option to choose from various base currencies, including USD, AUD, GBP, EUR, SGD, and CAD.

The Pro (ECN) account is designed for professional traders and high-volume investors who require a more sophisticated trading environment. Like the other account types, the Pro (ECN) account offers access to an extensive range of assets, encompassing 49 currency pairs, 25 indices, 51 ETFs, 22 commodities, and over 800 share CFDs.

Compatible with both MetaTrader 4 and MetaTrader 5 platforms, the Pro (ECN) account provides traders with advanced trading features and tools. To open a Pro (ECN) account, clients must deposit a minimum of 10,000 USD. This account type offers ultra-tight spreads from 0.0 pips and a reduced commission of 2 USD per side per 100,000 units traded. The Pro (ECN) account also provides leverage up to 500:1 and allows traders to choose from multiple base currencies, such as USD, AUD, GBP, EUR, SGD, and CAD.

Trading Accounts Markets

Vantage trading accounts make nine financial markets accessible. They are Forex, Indices, Precious Metals, Soft Commodities, Energy, ETFs, Share CFDs, Bonds and Gold.

Trading these markets with Vantage is further availed by the attractive trading conditions offered like 0.00 spreads and $0 deposit fee, just to name a few. However, among all the markets Vantage trading accounts are best for are forex and CFD underlying assets.

Feature Standard (STP) Raw (ECN) Pro (ECN)
Account Currencies USD, AUD, GBP, EUR, SGD, CAD USD, AUD, GBP, EUR, SGD, CAD USD, AUD, GBP, EUR, SGD, CAD
Available Leverage Up to 500:1 Up to 500:1 Up to 500:1
Minimum Deposit 50 USD 50 USD 10,000 USD
Commission Per Trade None 3 USD per side per 100,000 units  2 USD per side per 100,000 units
Decimal Pricing 5 decimal places 5 decimal places 5 decimal places
Trading Instruments 49 Currency pairs, 25 Indices, 51 ETFs, 22 Commodities, 800+ Share CFDs 49 Currency pairs, 25 Indices, 51 ETFs, 22 Commodities, 800+ Share CFDs 49 Currency pairs, 25 Indices, 51 ETFs, 22 Commodities, 800+ Share CFDs
Min. Lot Size Per Trade 0.01 lots 0.01 lots 0.01 lots
Max. Lot Size Per Trade 100 lots 100 lots 100 lots
Spreads From 0.0 pips From 0.0 pips From 0.0 pips
Demo Account Yes Yes Yes
Swap/Rollover Free Available Available Available
Hedging Allowed Allowed Allowed
Scalping Allowed Allowed Allowed
Copy Trading Support Yes Yes Yes
Available to U.S. Residents No No No

  • Standard (STP) account
  • Raw (ECN) account
  • Pro (ECN) account

Do I Have Negative Balance Protection with This Broker?


Vantage provides negative balance protection for its clients, which is an essential feature for many traders, especially those new to the market. This protection ensures that a trader’s account balance will never drop below zero, effectively preventing them from losing more money than they have deposited in their trading account.

Negative balance protection serves as a safety net in case a trader’s position moves against them, causing their losses to exceed their account balance. In volatile market conditions, this can happen quite quickly. With negative balance protection in place, the broker will automatically close out positions when the account reaches a margin call, preventing the account from going into a negative balance.

This feature is crucial for traders as it provides peace of mind and limits their potential losses, especially during high market volatility or unexpected events. It is worth noting that negative balance protection has become a standard practice among top-tier brokers, such as ZFX and others, as it demonstrates the broker’s commitment to protecting its clients’ interests.

  • Yes, on all account types

Vantage Deposits and Withdrawals


Vantage offers a variety of deposit and withdrawal methods to cater to the needs and preferences of its clients. The most popular methods include;

  • Bank wire transfer
  • Credit/debit card
  • E-wallets (Neteller, Skrill, FasaPay)
  • Local bank transfer

Clients can transfer funds directly from their bank account to their Vantage trading account. To initiate a bank wire transfer, clients should obtain the necessary bank details from Vantage’s website and provide them to their bank. The processing time for bank wire transfers may vary between 1-5 business days, depending on the banks involved.

Vantage accepts deposits and withdrawals via major credit and debit cards, such as Visa and Mastercard. Deposits made via credit/debit cards are usually processed instantly, while withdrawals may take up to 3-5 business days to appear in the client’s account. To use this method, clients need to log in to their Vantage account, navigate to the deposit or withdrawal section, and provide their card details.

Vantage supports several popular e-wallet services, including Neteller, Skrill, FasaPay, and many others. Clients who wish to use e-wallets for deposits and withdrawals should have an active account with their chosen e-wallet provider. After logging in to their Vantage account, clients can select their preferred e-wallet option in the deposit or withdrawal section and follow the on-screen instructions. E-wallet transactions are typically processed instantly or within a few hours.

In some regions, Vantage makes available the option of local bank transfers, which allows clients to transfer funds to and from their trading accounts through their local banks. The processing time for local bank transfers varies depending on the specific bank and region, but it typically ranges from a few hours to 2 business days.

Vantage’s website has dedicated pages for each deposit and withdrawal method, providing detailed information on the process, fees, and processing times. Potential traders can visit these pages to learn more about the available options and choose the most convenient method for them.

  • Bank wire transfer
  • Credit/debit card
  • E-wallets (Neteller, Skrill, FasaPay, and others depending)
  • Local bank transfer

Support Service for Customer


Vantage takes pride in providing its clients with reliable and efficient customer support. Access to their customer support services can be found via their website through the header and on a dedicated page designed to assist clients with their queries and concerns.

Although Vantage does not offer an extensive range of customer support options, they provide essential channels for clients to contact their teams. These include:

Vantage has two  international phone number available for clients who prefer to speak with a support representative directly. While this may seem limited, it ensures that clients worldwide can reach the support team via a single point of contact.

Then clients can contact Vantage’s support team through dedicated email addresses for different departments, such as general inquiries, technical support, and account-related concerns. This ensures that clients’ queries are directed to the most appropriate team members, helping to expedite the resolution process.

Vantage offers a live chat feature, which is an essential and highly beneficial service that all brokers should have. This feature is particularly useful for clients who require quick answers or guidance on trading-related matters. Live chat allows clients to connect with the support team in real time, enabling them to receive immediate assistance with their concerns.

Although Vantage’s customer support options may appear limited at first glance, they provide the essential channels for clients to effectively reach their support team. The inclusion of a live chat feature demonstrates Vantage’s commitment to providing timely and efficient assistance to its clients, which is a crucial aspect of any reliable broker. Lastly, Vantage also provides a FAQ and Help Center that anyone can access.

Vantage FX Customer Support Overview
Supported Languages English, Chinese, Arabic, Spanish, Vietnamese, Indonesian, Malay, and Thai
Customer Service By Vantage
Customer Service Hours 24/5
Email Response Time Within 24 hours
Telephonic Support Yes
Personal Account Manager No

  • Supported Languages: English, Chinese, Arabic, Spanish, Vietnamese, Indonesian, Malay, and Thai
  • Customer Service Channels: FAQs, Help Center, Phone, Live Chat, Email
  • Customer Service Hours: 24/5

Prohibited Countries: Where Can I Not Trade with this Broker?


Vantage operates globally, but there are certain countries and regions where it is not authorized to provide its services. This is due to various reasons, such as regulatory requirements, local laws, and international sanctions. Some of the major countries where Vantage is not allowed to operate include the United States, Japan, Canada, and some countries in the Middle East.

Brokers may not be allowed to operate in specific regions due to various regulations and laws that govern the financial industry. For example, some countries require brokers to be licensed and regulated by local financial authorities, while others may have specific laws that restrict foreign entities from providing financial services to their citizens.

Additionally, some countries may be subject to international sanctions, making it illegal for brokers to provide their services in those regions.

It is essential for brokers like Vantage to comply with all regulatory requirements and adhere to the laws of the countries where they operate.

This ensures that they are providing their clients with reliable and legitimate services while maintaining the integrity of the financial industry. Furthermore, by adhering to these regulations, brokers can build trust with their clients and establish themselves as reputable and trustworthy entities in the market.

  • North Korea
  • Iran
  • Belarus
  • US
  • Japan
  • Canada

Special Offers for Customers


Vantage provides a range of special promotions and bonuses that are designed to attract potential clients and reward their existing ones. This variety of promotions is good as it allows clients to choose the promotion that best suits their trading needs and preferences. Many top-tier brokers and especially ECN brokers do this as an additional selling point.

The Refer a Friend promotion is a way for existing clients to earn bonuses by referring their friends to Vantage. The referring client will receive a bonus once the referred friend opens a live trading account and meets the minimum deposit requirements. The bonus amount varies depending on the referred friend’s deposit amount, and the promotion terms and conditions will outline the specific requirements for the bonus to be credited.

Trading Conditions: Promotions Platforms

The other special offers and promotions for customers involve meeting some trading conditions as prerequisites. Some of the trading conditions that need to be considered before taking part in promotions are trading account deposit and trading lot size. Further details are explained below.

Vantage offers a deposit bonus that matches a percentage of the client’s deposit amount. The bonus percentage can range from 10% to 50%, depending on the deposit amount and the terms and conditions of the promotion. To claim the bonus, clients need to meet the specific requirements outlined in the terms and conditions, such as the minimum deposit amount, the bonus percentage, and the trading volume required.

 

The Gold Swap-Free promotion allows clients who trade Gold to do so without incurring any swap fees. This promotion is particularly useful for clients who hold Gold positions for an extended period and want to avoid additional fees. Clients need to meet the specific requirements outlined in the terms and conditions to be eligible for this promotion.

The 100% Trading Bonus is available to both new and existing clients. This promotion matches the client’s deposit amount and is available for up to a certain amount. To claim the bonus, clients need to meet the specific requirements outlined in the terms and conditions, such as the minimum deposit amount, the bonus amount, and the trading volume required.

Then Vantage Rewards is a loyalty program that rewards clients for their trading activity. Clients earn points for every trade they place, and these points can be redeemed for various rewards, such as trading bonuses, cashback, and merchandise. The program has multiple tiers, and clients can move up the tiers by trading more and earning more points.

Vantage also offers seasonal promotions, such as their Easter and Ramadan promotions, which may offer additional bonuses and rewards for clients who meet the specific terms and conditions of the promotion.

It is essential for clients to carefully read and understand the terms and conditions of each promotion before participating to ensure that they meet the requirements and receive the benefits. Overall, Vantage’s range of promotions and bonuses demonstrates its commitment to rewarding its clients and providing them with additional value for their trading activity.

  • Refer A Friend
  • Deposit Bonus
  • Gold Swap-free
  • 100% Trading Bonus
  • Vantage Rewards

Vantage Review Conclusion: Reputable Broker with Easy-to-use Platform


Client feedback and reviews of Vantage have been overwhelmingly positive, with many clients praising the broker's efficient and reliable services and its commitment to transparency and integrity.

PIPPENGUIN

Vantage has established itself as a reliable and safe broker in the highly competitive Forex market. The broker is regulated by reputable financial authorities such as ASIC, which ensures that it adheres to strict financial standards and is committed to providing its clients with a secure trading environment.

Vantage has been in operation for over a decade, having been founded in 2009. This extensive experience in the financial industry has allowed the broker to develop a deep understanding of its client’s needs, which is reflected in its range of trading products, services, and promotions.

Client feedback and reviews of Vantage have been overwhelmingly positive, with many clients praising the broker’s efficient and reliable services and its commitment to transparency and integrity. This indicates that Vantage’s efforts to provide its clients with excellent trading conditions and customer support have not gone unnoticed, and it has successfully established itself as a trustworthy and reputable broker in the industry.

In conclusion, Vantage’s strong regulatory oversight, extensive experience, and positive client feedback make it a reliable and safe broker for traders looking for a transparent and efficient trading environment.

Summary and Key Takeaways


Vantage is a reliable and reputable Forex broker that provides its clients with a range of trading products and services. The broker offers three account types – Standard (STP), Raw (ECN), and Pro (ECN), each with different minimum deposit requirements, spreads, commissions, leverage, and trading instruments. This allows clients to choose the account that best suits their trading needs and preferences.

Vantage also offers a diverse range of tradable assets, including over 49 currency pairs, 25 indices, 51 ETFs, 22 commodities, and 800+ share CFDs. With such a variety of trading instruments available, clients can diversify their portfolios and take advantage of different market opportunities.

The broker provides multiple trading platforms, including MetaTrader 4, MetaTrader 5, ProTrader, WebTrader, Vantage Social Trading, ZuluTrade, MyFXBook AutoTrade, and DupliTrade. These platforms are designed to cater to different trading styles and preferences, allowing clients to trade via their preferred method.

Vantage is regulated by reputable financial authorities, including ASIC, which ensures that the broker adheres to strict financial standards and provides a secure trading environment. The broker also offers various trading resources and educational materials, including its Academy, educational webinars, market news and analysis, and sentiment indicators, to help clients improve their trading knowledge and skills.

Furthermore, Vantage offers several special promotions and bonuses, such as its Refer a Friend Promotion, Deposit Bonus, Gold Swap-Free, 100% Trading Bonus, and Vantage Rewards. These promotions allow clients to earn additional rewards and benefits for their trading activity.

  • Vantage is a reliable Forex broker with a global reach
  • Three account types cater to different trading needs and preferences
  • Over 49 currency pairs, 25 indices, 51 ETFs, 22 commodities, and 800+ share CFDs are available for trading
  • Multiple trading platforms are available, including MT4, MT5, ProTrader, WebTrader, Vantage Social Trading, ZuluTrade, MyFXBook AutoTrade, and DupliTrade
  • Vantage is regulated by reputable financial authorities, including ASIC, CIMA, SIBL, and FSCA
  • The broker offers educational resources and trading tools to help clients improve their trading knowledge and skills.
  • Special promotions and bonuses, such as Refer a Friend, Deposit Bonus, and Vantage Rewards, provide additional rewards and benefits for clients
  • Funding and withdrawal methods are straightforward and accessible
  • Customer support is available via live chat, email, and international phone number

FAQs


Is Vantage FX trustworthy?

Yes, Vantage FX is a trustworthy Forex broker. The broker is regulated by several reputable financial authorities, including the Australian Securities and Investments Commission (ASIC), the Cayman Islands Monetary Authority (CIMA), the Securities Investment Business Law (SIBL), and the Financial Sector Conduct Authority (FSCA) of South Africa.

These regulatory bodies ensure that Vantage FX adheres to strict financial standards and provides a secure trading environment for its clients. The broker’s commitment to regulatory compliance and transparency indicates that it is a reliable and trustworthy broker in the Forex market.

What is the minimum deposit on Vantage FX?

The minimum deposit on Vantage is 50 USD for the Standard and Raw accounts. The minimum deposit for the Pro account is 10,000 USD.

How long does Vantage FX withdrawal take?

The withdrawal time for Vantage FX varies based on the chosen withdrawal method. Withdrawals via credit/debit card or e-wallet may take up to 24 hours, while bank transfers may take 3-5 business days. Vantage FX aims to process all withdrawal requests within 24 hours of receiving them. However, the time for funds to reach a client’s account may also depend on the client’s bank or payment provider.

What Type of Broker is Vantage

Vantage is an STP, ECN forex broker that also offers VPS.

4 reviews for Vantage Review 2024: Is It a Reliable Forex Broker?

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  1. Annabelle

    I couldn’t withdraw my money from this platform it was really frustrating someone recommended me to Mrs. Charlotte. It was hard to believe but she helped me pullout my funds from this platform,I think you should message her and she can help in your situation like they did for mine.You can contact her via Email: charlottescotte24@gmail.com WhatsApp: +1 217 802 7422

    + PROS: it was hard to deceive
    - CONS: it was stressful
    Helpful(0) Unhelpful(0)You have already voted this
  2. lauren

    Losing crypto online is too rampant these days, scammers are getting more intelligent that’s why getting a legitimate expert on recovery of stolen crypto is so difficult without having scam experience. Most people have been scammed severally and they give up on their funds. I’m hereby to let all scam victims know that recovery is possible when you contact the right source, am saying this cause I was a victim too. until I read a helpful article talking about recovery I decided to DM Mrs. Charlotte Scotte because quitters never win, Am glad I made the decision not to give up. indeed not giving up on anything in life will always lead to a better outcome
    Email:   charlottescotte24@”gmail ,com     WHATSAPP,  +1 217 802 7422

    + PROS: at first they are easy
    - CONS: they are very unreliable and not trustworthy
    Helpful(0) Unhelpful(0)You have already voted this
  3. Dianne Mazzolini

    the worst and dishonest trading company that I ever have had the misfortune of dealing with. They are, in my mind, criminals. I requested a withdrawal of £100,000 from my account. Within about 4 hours, the withdrawal had been put back into my account. Then my account was traded illegally with 11 trades taken and losing all the money. I complained to this company and they couldn’t give a damn. I had to reach out to oliviatrader 44 @ gmail. com to assist me in getting back my money. Glad I have all my money back now.
    WhatApp +1 (423) 248 – 2140

    + PROS: at first they are easy
    - CONS: it was stressful
    Helpful(0) Unhelpful(0)You have already voted this
  4. TONY LUIS

    Have you lost a lot and above more while trading on bitcoin, Forex trade, scam romance and Binary Option? Have you tried getting your money back or out from your account and were unable to place a withdrawal? Have you found yourself wading through excessively complicated terms which might seem impossible to meet, all because you traded with an unregulated broker? Do not panic, I have good news for you. I lost over $200k to an unregulated broker who stocked my trading capital and denied me access to my account. But thank God I have recovered all my lost funds, through the help of a certified binary recovery expert. if her assistance is needed, kindly get in contact with her via

     HARPERJAMESPLATFORM    G  MAIL   COM  .

    and She will guide you on effective steps to take and get back all your lost funds in just few days

    Helpful(0) Unhelpful(0)You have already voted this

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    Vantage Review 2024: Is It a Reliable Forex Broker?
    Vantage Review 2024: Is It a Reliable Forex Broker?
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