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Vantage Review 2024

By:
Plamen Stoyanov
Updated: Feb 11, 2024
Overall Rating
4.5
  • Trust
    4
  • Fees
    4.4
  • Platforms and Tools
    4.4
  • Tradable Instruments
    4.7
  • Customer Support
    4.7
  • Research
    4.8
  • Deposit and Withdrawal
    4.9
  • Account Types and Terms
    4.9
  • Education
    4.9
  • How Did We Test and Rate This Broker?
    When trading forex and CFDs, understanding a broker's strengths and weaknesses is essential. We developed a proprietary rating system, which is the result of extensive research and hands-on evaluation by our expert reviewers. With a rigorous approach, our reviewers manually assess each broker, investing more than 50 hours per review, checking and testing the broker while analyzing over 250 variables to simplify the broker selection process for you. The categories we evaluate include trustworthiness, trading platforms, customer support, regulatory oversight, spreads, fees, the variety of instruments offered, education, and research tools. This unique rating system is specifically developed to ensure that the assessment is based on firsthand knowledge and experience. By dedicating a significant amount of time to each review, our team of experts can provide in-depth insights and help you make well-informed decisions when choosing the broker that best suits your trading goals.
    Chart

    Our Take on Vantage

    Vantage is a forex and CFD broker that was founded in 2009 and based in Australia. It holds four regulations, including ASIC and FSCA in South Africa, and offers over 940 instruments across different asset classes.

    The broker incorporates the MetaTrader 4&5, and ProTrader platforms along with multiple trading tools and diverse research and education content.

    With its affordable prices, extensive educational content, and choice of lower-risk securities, I find Vantage suitable for beginners as well as day and position traders.

    Vantage Pros and Cons

    Pros Cons
    • Choice of platforms
    • Robust educational content
    • Raw spreads across most markets
    • Advanced ProTrader tools 
    • Slow order execution speeds
    • Slightly elevated swap fees
    • Compensation scheme is available only at one entity

    Vantage Highlights for 2024

    • Robust Protection: Vantage is authorized by top-tier ASIC, a member of The Financial Commission, and has implemented advanced security measures, including a facial recognition option
    • Competitive Pricing: My assessment of Vantage’s fees reveals they are notably lower than the industry average. The broker offers particularly low spreads on forex, share CFDs, indices, and cryptocurrencies.
    • Variety of Tools: The broker provides a diverse array of support tools, including a market sentiment indicator powered by TradingView and top-tier research content from the ProTrader Tools package.
    • Extensive Educational Content: Vantage provides a well-structured and easy-to-navigate library of educational materials, including videos, articles, courses, and webinars.
    • In-House Mobile App: Vantage developed an intuitive mobile app powered by TradingView which combines all essential broker services and offers advanced charting capabilities.

    What Sets Vantage Apart?

    Vantage boasts an impressive archive of past webinars, with over 270 available on its YouTube channel – one of the largest collections I’ve encountered. The broker hosts one to two webinars weekly, aiding traders in refining their skills and acquiring new knowledge continuously.

    Furthermore, trading US stocks on Vantage’s platform incurs no commission, a notable exception for an ECN account. This makes the Raw ECN account type particularly appealing for trading share CFDs.

    Who is Vantage For?

    I concluded that Vantage is great for day traders and long-term investors. It offers a mix of investments, from safer options like ETFs and bonds to riskier ones like stock CFDs and cryptocurrencies.

    Additionally, the broker is well-suited for hedging strategies, offering an extensive selection of futures contracts.

    With zero commission on US stocks and offering raw spreads, Vantage is particularly advantageous for trading share CFDs.

    I performed my tests on a Raw ECN account using the desktop and mobile app versions of the MetaTrader 5 platform. I opened an account with the Vantage Global Limited entity of the broker. Some features and services may vary depending on where you reside and which entity you open an account with.

    Vantage Main Features

    ☑️ RegulationsFSCA South Africa (South Africa), CIMA Cayman Islands (Cayman Islands), ASIC (Australia), VFSC Vanuatu (Vanuatu)
    🗺 Supported Languages
    English, French, Arabic, Italian, Spanish, Chinese, Greek, Malaysian
    💰 ProductsCurrencies, Stocks, ETFs, Crypto, Indices, Commodities, Futures
    💵 Min Deposit$50
    💹 Max Leverage1:500 (FSCA South Africa), 1:250 (CIMA Cayman Islands), 1:30 (ASIC), 1:500 (VFSC Vanuatu)
    🖥 Trading Desk TypeECN, No dealing desk
    📊 Trading PlatformsMT4, MT5, ProTrader
    💳 Deposit OptionsWire Transfer, Cryptocurrencies, Neteller, FasaPay, Skrill, Broker to Broker, Credit Card, AstroPay, ApplePay, GooglePay, Debit Card, China UnionPay, AdvCash, PerfectMoney, SticPay, JCB, BitWallet
    💳 Withdrawal OptionsWire Transfer, Cryptocurrencies, Neteller, FasaPay, Skrill, Credit Card, AstroPay, Debit Card
    🤴 Demo AccountYes
    🗓 Foundation Year2009
    🌎 Headquarters CountryAustralia
    Risk DisclosureCFDs 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.

    Vantage Full Review

    Trust

    4
    How Did We Test the Broker's Trustworthiness?
    Assessing a broker's trustworthiness with your funds is vital. To help you make the right decision, we carefully checked each broker's regulatory license and examined how well they protect traders. Moreover, we looked at the broker's stability by studying their business history, corporate structure, and industry experience. Finally, we thoroughly reviewed all of the broker's legal documentation, including terms, conditions, and fees, and evaluated their transparency based on our analysis. Our hands-on approach ensures that even novice traders have the knowledge they need to make smart decisions.
    trust chart

    Vantage operates under four entities regulated in various jurisdictions, including ASIC in Australia and the FSCA in South Africa. The broker is also a member of The Financial Commission. Based on my research of Vantage’s legal documents, I assessed that the broker complies with most safety regulations.

    Vantage Regulations

    In our reviews, we examine the licenses and regulations of each entity operated by a broker. This allows us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation.

    This is what I discovered about the four entities operating under the Vantage trade name:

    • Vantage Global Prime Pty Ltd is licensed and regulated by the Australian Securities and Investments Commission (ASIC) with AFSL number 428901. We rate ASIC as a Tier-1 regulator.
    • Vantage Markets (Pty) Ltd is licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa under license number 51268. We rate FSCA as a Tier-2 regulator.
    • Vantage International Group Limited is licensed and regulated by the Cayman Islands Monetary Authority (CIMA) with SIBIL number 1383491. We rate CIMA as a Tier-3 regulator.
    • Vantage Global Limited is licensed and regulated by the Vanuatu Financial Services Commission (VFSC) with register number 700271. The VFSC is ranked as a Tier-3 regulator on our system.
    Vantage International Group Limited’s licensing info on cima.ky

    We have summarized the essential aspects of Vantage in terms of regulation and safety in the table below:

    Entity Features Vantage Global Prime Pty Ltd Vantage Markets (Pty) Ltd Vantage International Group Limited Vantage Global Limited
    Country/Region Australia, Sydney South Africa, Cape Town Cayman Islands, Grand Cayman Vanuatu, Port Vila
    Regulation ASIC FSCA CIMA VFSC
    Tier 1 2 3 3
    Segregated Funds Yes Yes Yes Yes
    Negative Balance Protection Yes Yes No Yes
    Compensation Scheme No No No Up to EUR 20,000 under The Financial Commission
    Maximum Leverage 1:30 1:500 1:500 1:500

    Why is it Important to Know Where Your Broker’s Subsidiaries are Regulated?

    Brokers operate multiple entities because it allows them to serve clients worldwide. However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection. Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid. That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand.

    Here is what you need to be looking for in a broker in terms of safety mechanisms:

    • Segregation of client funds. Keeping client funds in segregated bank accounts from the ones used for the broker’s corporate capital negates the risk of accounting errors. All Vantage entities ensure segregated client funds.
    • Negative balance protection. This safety mechanism removes the risk of trading losses exceeding the account balance. In other words, the losses you incur from trading are capped at the amount you have put in your trading account. This is especially important in volatile markets. All Vantage entities, except for Vantage International Group Limited, ensure negative balance protection.
    • Compensation scheme. A compensation scheme protects traders against the broker’s liabilities in the unlikely event that the company becomes insolvent. Clients of Vantage Global Limited are protected by up to EUR 20,000 under The Financial Commission.
    • Maximum leverage. Capping the maximum leverage restricts the extent of market exposure to retail traders. The higher the leverage, the higher the potential profits and potential losses. The maximum retail leverage with Vantage is 1:500.

    Is Vantage Safe to Trade With?

    Vantage has one Tier-1 and one Tier-2 regulation and complies with most of the essential safety requirements. It has also implemented a tight stop-out and margin call policy. Overall, I assessed the broker to meet the industry safety standards.

    Stability and Transparency

    In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, how big the company is, and how transparent it is in terms of readily available information.

    I checked Vantage’s Client Agreement, which is available from the Legal Documents sections of the website, and everything seems in order. The document is easily accessible, and all essential information is written in an easy-to-understand way.

    I also concluded that Vantage maintains high fee transparency. The broker displays live spread info on its website, which is easily accessible to visitors of the website. I also compared the numbers displayed to the broker’s live quotes on the platform and determined that they matched.

    In summary, my research indicates that Vantage can be regarded as having a sufficient level of trust and stability due to the following factors:

    • Holds Tier-1 license
    • Presents legal information clearly and concisely
    • Member of The Financial Commission

    Fees

    4.4
    How Did We Test the Broker's Fees and Commissions?
    Broker commissions and fees can be challenging to understand. To simplify this for you, we carefully examined all the broker's fee-related documentation and presented it in a clear, easy-to-understand format. Furthermore, we conducted hands-on tests on spreads and commissions for the most common instruments during both London and New York trading sessions. We then compared these real-time test results to the market benchmark we've established through our extensive experience evaluating the industry.
    fees chart

    Vantage provides one standard account type, featuring floating spreads starting at 1.0 pips, and two ECN account types that offer raw spreads with fixed commissions. I evaluated Vantage’s trading fees across various asset classes and found them to be below the industry average. Notably, there is no inactivity fee, and both deposits and withdrawals are processed without any handling charges.

    Vantage Trading Fees

    Vantage Spreads

    I tested Vantage’s spreads during the most actively traded times – the London open at 8:00 a.m. GMT and just after the U.S. open at 2:45 p.m. GMT. The test was conducted on 17 January 2024. The results are shown in the table below:

    Instrument Live Spread AM Live Spread PM
    EURUSD 0.1 pips 0.2 pips
    GBPJPY 1.2 pips 1.2 pips
    Gold (XAUUSD) 11 pips 11 pips
    Crude Oil 0.03 0.03 pips
    Apple NA 0.4 points
    Tesla NA 0.17 points
    Dow Jones 30 1.3 basis points 1.0 basis points
    Germany 40 0.5 basis points 0.5 basis points
    Bitcoin $10.01 $10.01

    Broken down by asset class and compared to the industry average, Vantage charges low spreads on currency pairs, shares CFDs, indices, and cryptocurrencies, and low-to-medium spreads on commodities.

    Vantage Commissions

    Vantage’s Raw ECN account type features a fixed round-turn commission of $6 per traded lot (100,000 units) applied to FX currency pairs and metals. Notably, there is no commission liable for trading US stocks, which is quite rare for an ECN account. This means that Vantage’s Raw ECN account type is especially suitable for share CFDs trading.

    Please note that ‘round-turn’ means that half of the fixed rate is paid whenever an order is opened, and the other half is paid when the position is closed. I determined that Vantage’s commission rate meets the industry average.

    Vantage Swaps

    A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.

    The values listed below are for one full contract (100,000 units) of the base currency.

    Instrument Swap Long Swap Short
    EURUSD Charge of $6.6 Credit of $2.59
    GBPJPY  Credit of $12.86 Charge of $30.97

    My tests indicate that Vantage charges medium-to-high swaps compared to the industry benchmark.

    Vantage’s Non-Trading Fees

    Deposits and withdrawals are cost-free with Vantage, though third-party banking fees may apply depending on the chosen payment method. The broker does not charge dormant accounts with an inactivity fee.

    Accounts Comparison

    I have compiled the table below to help you better understand the difference between the pricing mechanisms of Vantage’s Standard and Raw ECN account types. It illustrates the spreads and commissions I have recorded on the EUR/USD pair for each account type. It also shows the typical costs for ECN and STP accounts in the industry at large. The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) on the EUR/USD with a pip value of $10 for each account.

    To calculate the cost of such a full-sized trade, I used this formula: Spread x pip value+commission

    Account Type* Spread Commission** Net Cost
    Standard 1.0 pips $0 $10
    Raw ECN 0.1 pips $6 $7
    Typical STP 1.0 pips $0 $10
    Typical ECN 0.2 pips $6 $8

    *The numbers in this chart are only illustrative and subject to change over time

    **Round-turn commission

    My findings indicate that Vantage’s Standard account lives up to its name since it incorporates the same pricing mechanism that is typical to most STP account types in the industry. Its Raw ECN account type, however, offers more competitive prices than the typical ECN account type.

    Platforms and Tools

    4.4
    How Did We Test the Broker's Trading Platforms?
    We understand that platforms play a crucial role in your trading experience. That's why we spent many hours testing the broker's web, desktop, and mobile trading platforms to gain a real understanding of their usability, functionality, and overall performance. From experimenting with different order types to testing execution speeds, charting, and other features, we thoroughly examined every aspect of these platforms based on our trading expertise, helping you make an informed choice.
    platforms chart

    Vantage incorporates the popular MetaTrader 4 and MetaTrader 5, along with the ProTrader platform. MetaTrader affords easy order execution, though its rugged design makes it somewhat difficult to execute probing technical analysis. In comparison, ProTrader features advanced charting capabilities and various tools for market analysis. Vantage also supports copy and automated trading.

    MetaTrader 5 stands out with its simplistic design and key features like one-click trading, alarm settings, and a market depth tool, ensuring fast and efficient order execution.

    MT5 is ideal for automated trading, thanks to its Expert Advisors (EAs) and an integrated strategy tester for algo traders.

    Vantage provides free VPS hosting for accounts with a minimum $1000 balance and a monthly trade volume of at least $0.5 million. The broker also offers advanced copy trading capabilities.

    A market sentiment tool powered by TradingView

    Vantafe gives access to a wide range of supporting tools, such as its market sentiment indicator powered by TradingView. I found the indicator particularly useful for intraday trading, as it informs traders of how other market participants are positioning themselves on the market. There is also an entire basket of supporting tools that comes in with ProTrader. Against a minimum deposit of $200, Vantage clients can gain access to ProTrader’s Market Buzz, advanced charting capabilities, featured ideas, and other tools.

    Vantage’s Desktop MetaTrader 5 Platform

    MetaTrader 5’s main panel

    General Ease of Use

    MT5’s layout is pretty straightforward. Account info is displayed at the bottom of the screen; charts occupy the middle portion of the window; a watch list of selected instruments and tools screen is positioned on the left side of the window; and a panel with various settings and configurations can be found at the top of the window.

    Charts

    I consider the charts screen a platform’s most important feature. It facilitates technical analysis by providing an overview of price action behavior. Chart artists use many analytical tools and chart configuration possibilities to examine it from multiple angles. In my experience, the really important aspect of a chart is how easy it is to scale price action up and down.

    MetaTrader 5’s chart screen

    I have broken down the available analytical tools and chart configurations below

    • 38 technical indicators. The platform supports trend-based, volume-based indicators, oscillators, and more. These can be applied to study price action behavior and determine the underlying market sentiment. In general, technical indicators are used to gauge where the market is likely to head next. The problem with MetaTrader 5, in my opinion, is that applying 2 or more indicators to the chart obscures price action rather than contextualizing it. This is due to the ruggedness of MT5.
    • 24 drawing tools. Drawing tools, such as Fibonacci retracement levels and Elliott waves, are used to study repeatable price patterns. Additionally, they can be applied to determine key support and resistance levels and potential breakout or breakdown levels. Despite the rather big collection of drawing tools, the ruggedness of MT5 makes it difficult to discern price action behavior.
    • 21 timeframes. MT5 allows multi-timeframe analysis of price action behavior. The greater the number of timeframes, the more intricate examinations that can be carried out across the short-term and long-term. One of the standout features of MetaTrader 5 is its vast array of timeframes.
    • 3 chart types. Price action can be represented as a line, bars, or candlesticks. This diversity makes it possible to examine potential trading opportunities from different angles.

    Orders

    An order placing window

    I have broken down the available order types on the MetaTrader 5 platform below:

    • Market orders. Market orders are used for immediate entry at the best possible price. If triggered, they guarantee volume filling, though there could be a discrepancy between the requested price and the price where the order gets filled.
    • Limit orders. Unlike market orders, limit orders guarantee exact price execution. However, a limit order will not be filled if the price action does not reach the pre-determined execution price.
    • Stop orders. They are used to support open positions by limiting the maximum loss that can be incurred if the market turns in the opposite direction. A stop-loss order is placed at a fixed price below or above the spot price. If the market does indeed turn and triggers the stop-loss, it will transform into a market order and get filled at the best possible price.

    My Key Takeaways After Testing the MetaTrader 5 Platform

    MT5 excels in simplified order execution, but its dated and rugged design falls short compared to newer, sleeker platforms. As a trader who prioritizes flexible chart scaling, I find MT5’s charting too rigid and less effective. However, its strength lies in automated trading, enhanced by Vantage’s free VPS hosting service.

    Vantage’s Proprietary Mobile App

    A watchlist of selected instruments (left), a chart and order execution panel (middle), market research (right)

    I was strongly impressed by Vantage’s proprietary trading app powered by the seamless TradingView. It offers a superior design with numerous functions, enabling easy market access and real-time monitoring of market trends for on-the-go position adjustments.

    The app effectively combines crucial features like charting, order execution, and account information with additional services, including market analysis and copy trading.

    My Key Takeaways After Testing Vantage’s Mobile App

    Although I’m usually skeptical of trading apps due to the limitations of small screens for detailed technical analysis, Vantage’s app impressed me. Its advanced charting capabilities add remarkable versatility, and I valued its convenience in consolidating all essential Vantage services into one accessible platform.

    Tradable Instruments

    4.7
    How Did We Test the Broker's Tradable Instruments?
    For this section, we examined the broker's market offering, assessing the variety and depth of instruments and asset classes available for trading. Through our proprietary database, we then compared the results with other brokers. This comprehensive analysis allows you to determine if the broker offers the specific instruments and trading options you're looking for.
    tradable_instruments chart

    Vantage provides a diverse portfolio of over 940 instruments spanning various asset classes such as currency pairs, commodities, share CFDs, indices, cryptocurrencies, futures, and ETFs. This extensive range supports the implementation of a broad spectrum of trading strategies.

    What Are CFDs?

    Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery. For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative.

    What Can You Trade With Vantage?

    I have broken down the available instruments with Vantage below:

    • 61 Currency Pairs
      Major, Minor, and Exotic
    • 20 Commodities
      Soft, Metals, and Energy
    • 721 Share CFDs
      UK (98), US (489), EU (134)
    • 16 Indices
      US, Europe, Asia
    • 47 Cryptocurrencies
      Major and Minor
    • 19 Futures
      Commodities (2), Indices (10), Bonds (7)
    • 51 ETFs
      Retail, Commodities, Other

    Compared to the broader industry, Vantage offers an average number of currency pairs and a high number of commodities, indices, share CFDs, and cryptocurrencies.

    Forex Commodities
    EURUSD | GBPJPY | EURCHF | USDNOK | USDBRL | AUDCAD Gold | Crude Oil | Palladium | Silver | Brent Oil | Wheat | Corn | Copper
    Share CFDs Indices
    Apple | Tesla | Microsoft | Adidas | Barclays | Netflix | Amazon | Siemens   Germany 40 | Dow Jones 30 | France 40 | Japan 225 | China 50 | UK 100
    Futures ETFs
    Germany 40 | Dow Jones 30 | Crude Oil | France 40 | Nikkei | Nasdaq  iShares Core U.S. Aggregate Bond ETF | ARK Autonomous Tch & Rob | Vanguard ESG US Stock
    Cryptocurrencies 
    Bitcoin | Ethereum | Litecoin | Doge Coin | Ripple | Cardano | Polygon

    My Key Takeaways After Exploring Vantage’s Tradable Instruments

    I appreciated the wide range of cash indices and futures indices. It favors day traders because they can lock in more favorable entries into trades. Additionally, the impressive assortment of more than 50 lower-risk securities allows day and position traders to hedge their longer-term risk and better manage expected and unexpected changes in volatility.

    Customer Support

    4.7
    How Did We Test the Broker's Customer Support?
    Traders often underestimate the importance of customer support, yet it proves to be a critical aspect during times of crisis. We put the broker's customer support to the test ourselves using all possible channels, such as chat, phone, and others. Our evaluation focused on the accessibility of live agents, as well as the helpfulness and professionalism of their responses. This way, we provide you with comprehensive insights into whether a broker can deliver full support when you need it most.
    customer_support chart

    Vantage offers multilingual 24/5 support via live chat, email, and phone. The broker incorporates the sophisticated VIVA chatbot, which quickly and effectively answers most types of questions. Getting in touch with a real agent may take up to 10-20 minutes. Vantage also has a pretty exhaustive FAQ section for more general queries.

    Customer Support Test

    When we test a broker’s customer support team, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.

    I conducted my test on 17 January at around 12:39 CET via live chat. After I typed in my name and email address, I was immediately connected to the VIVA chatbot. I found it quite sophisticated and intuitive.

    Then, I typed the phrase ‘average execution speed’ and was immediately provided with a satisfactory answer. There is also an option to chat with an agent, however, it may take more than 20 minutes before one becomes available.

    My conversation with Vantage’s support

    Deposit and Withdrawal

    4.9
    How Did We Test the Broker's Deposit and Withdrawal Process?
    The deposit or withdrawal process can be tricky since you may encounter hidden fees or longer than expected processing time. To assess the broker's offerings, we examined their deposit and withdrawal options and conditions. Using our proprietary database, we then compared these results with those of other brokers.
    deposit chart

    Vantage offers a variety of payment methods, including via bank wire, credit or debit card, multiple e-wallets, and crypto-wallets. The broker does not apply a handling fee on deposits or withdrawals, though third-party banking fees may apply. Processing times vary but generally fall within the norm.

    Vantage Deposit Methods

    Payment Method Currency Fee Processing Time
    Bank Wire AUD, USD, GBP, EUR, SGD, JPY, NZD, CAD, PLN $0 2-5 business days
    Credit/Debit Card AUD, USD, GBP, EUR, SGD, JPY, NZD, CAD, PLN $0 Instant
    Apple Pay / Google Pay AUD, USD, GBP, EUR, SGD, JPY, NZD, CAD, PLN $0 Instant
    JCB JPY $0 Instant
    China Union Pay USD 1.30% – 2.50% Instant
    Neteller AUD, USD, GBP, EUR, SGD Subject to Neteller’s fees Instant
    Skrill USD, EUR, GBP, CAD Subject to Skrill’s fees Up to 24 hours
    Astropay USD + most local currencies $0 Instant
    Broker-to-Broker AUD, USD, GBP, EUR, SGD, JPY, NZD, CAD Subject to banking fees 2-5 business days
    Fasapay USD $0 Instant
    Advacash Not Specified  $0 Instant
    Cryptocurrency Deposit Not Specified $0 1 hour
    Perfect Money Not Specified $0 Instant
    Bitwallet Not Specified $0 Instant
    Sticpay  Not Specified $0 Instant

    Vantage Withdrawal Methods

    Payment Method Fee Processing Time
    Bank Wire $0 3-5 business days
    Credit/Debit Card $0 2-3 business days
    E-wallets $0 Varied
    Crypto Wallets $0 Varied

    Vantage does not charge any internal fees for deposits or withdrawals. However, International Bank Transfers attract a minimum bank processing fee of 20.00 units of your account base currency from Vantage’s bank’s side. For the first international bank transfer of every calendar month, Vantage will cover the 20.00 unit fees for you.

    Account Types and Terms

    4.9
    How Did We Test the Broker's Account Types and Terms?
    When it comes to achieving your trading goals, choosing the proper account is essential. We initiated our evaluation by personally opening an account with the broker, which allowed us to gain firsthand experience of the process and accurately asses, how fast and easy it is. In addition, we carried out an in-depth analysis of the account types and features offered by the broker, including spreads, maximum leverage, minimum deposits, and more. For a comprehensive comparison, we turned to our proprietary database and examined how this broker's account offerings and processes stacked up against other brokers.
    account chart

    Vantage provides two retail and one professional account, featuring ECN and STP pricing. It also offers swap-free Islamic accounts. With a minimum deposit of $50 and multiple base currencies, the broker supports various trading strategies. Account opening is quick and easy.

    Why is Choosing the Right Account Type Important?

    Your account should reflect your goals, needs, and ambitions on the market. You should take into consideration several factors, such as whether the account type has a minimum deposit requirement, its spreads and commissions, the execution method, and more.

    What Account Types Does Vantage Offer?

    I have broken down the features of Vantage’s account types below:

    Account Type Standard  Raw Pro
    Execution STP ECN ECN
    Spreads From 1.0 pips 0.0 pips 0.0 pips
    Commission* $0 $6 $3
    Minimum Deposit $50 $50 $10,000
    Margin Call 80% 80% 80%
    Stop Out 50% 50% 50%
    Scalping & Hedging Yes Yes Yes
    Expert Advisors (EAs) Yes Yes Yes
    Islamic Account Yes Yes Yes
    Demo Account Yes Yes No

    *Rount-turn

    I noticed that the only distinction between the three account types, except for the minimum deposit requirements, are the pricing mechanisms for the three. In terms of value, the Professional account undoubtedly offers the best conditions – raw spreads and low commission. However, the high minimum deposit requirement can be too costly for some traders to start. Also, professional accounts usually lack protections like negative balance protection, which are mainly offered to retail traders.

    The Raw ECN account features the second-best conditions, and its extremely low deposit requirement makes it easily accessible to a wide variety of traders. I found this account type suitable for all kinds of trading strategies.

    However, the relatively slow order execution speeds – between 100 and 250 milliseconds – are not ideal for scalping, whereas the average-to-high swaps that I recorded are less than optimal for position trading.

    What is CFD Leverage?

    The leverage determines a trader’s overall market exposure. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage. Essentially, the broker lends the trader money so that the latter can open bigger positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.

    Vantage’s Execution Model

    Although Vantage is registered as a market maker, it primarily sources its liquidity from external entities, specifically banking institutions in the interbank market. Consequently, it functions more like an ECN (Electronic Communication Network) broker, offering its clients raw spreads directly from these external liquidity providers.

    ECN brokers utilize electronic execution of client orders since they operate as Over-the-Counter (OTC) derivatives brokers. The advantage of OTC trading over trading on an Exchange is that there is no need for a dealing desk, and client orders are filled much faster.

    Vantage’s Account Opening Process

    Vantage’s account registration form

    The account creation process with Vantage is straightforward and quick. You can go at your own pace and be done with everything within an hour. I have summarized the step-by-step process below:

    • Step 1. Click ‘Register’ at the top-right corner of the main page.
    • Step 2. Fill in your country of residence, email address, and password.
    • Step 3. Copy the verification code sent to the email you provided.
    • Step 4. Fill in your personal details, including your name, date of birth, etc.
    • Step 5. Choose a platform, account type, and base currency.
    • Step 6. Wait for approval of your application. It may take up `to 24 hours.
    • Step 7. Upload proof of ID and address to verify your account.

    Why is a Demo Account Important?

    Vantage offers demo accounts that introduce traders to the broker’s services and allow them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself alongside your live CFD account.

    Vantage’s Restricted Countries

    Vantage’s services are not directed towards residents of the following countries: Canada, China, Romania, Singapore, the United States, Poland, Spain, and Italy.

    Research

    4.8
    How Did We Test the Broker's Research Tools?
    Research options offered by brokers may not be seen as the most important feature for some traders, but they can provide a competitive advantage. To assess the broker's research offerings, we personally explored and tested both proprietary and third-party tools and content, such as Fundamental and Technical Analysis, Market News, educational videos, and webinars. After evaluating the availability and quality of the overall research offering, we compared the results with our benchmark to provide a comprehensive analysis of the broker's research capabilities.
    research chart

    Vantage offers a decent range of research tools – both in-house and from external providers. The content is presented in different formats (video, written, etc) and covers various aspects of the market. The materials are nuanced and present traders with a multifaceted overview of price action behavior.

    Research Tools

    I have broken down the available research tools below:

    Economic Calendar

    Vantage’s economic calendar

    The economic calendar is an essential tool in a trader’s arsenal. It informs traders of upcoming market events and releases that have the potential to stir price action, thereby creating viable trading opportunities.

    Market News and Articles

    Vantage’s research articles

    Vantage’s market breakdowns are available from the website with free access to registered and unregistered clients. They provide coverage on current economic and financial news with potential market impact, focusing on various financial assets like gold, the US dollar, bonds, and more.

    ProTrader Tools

    The different types of ProTrader tools

    The ProTrader basket of tools comprises different features, such as an economic calendar, market buzz, featured ideas, technical insights, and more. The market buzz tracks the number and frequency of social interactions and mentions of various instruments (a market sentiment gauge), which helps traders better understand how and where volatility is likely to increase or decrease.

    The featured ideas and technical insights break down various trading opportunities. You can read about a currently developing price pattern (channel, wedge, correction, etc), the most important pivot points, support and resistance levels, viable entry and exit levels, and more.

    A technical breakdown

    Daily Financial News

    Vantage offers financial news in video format on its YouTube channel, providing an easily digestible and time-efficient way to stay informed.

    Education

    4.9
    How Did We Test the Broker's Education Offering?
    Gaining knowledge about trading in the financial markets can make the difference between success and failure. To assess the broker's educational offerings, we personally tested and evaluated the quality of the content provided, considering its relevance for both novice and experienced traders. We explored the range of materials available, such as articles, videos, webinars, and courses. After evaluating the content's volume, update frequency, and overall quality, we compared the results with our benchmark to provide a well-rounded analysis of the broker's education offerings.
    education chart

    One of the standout features of Vantage is its comprehensive educational content. There is a broad range of written articles, exhaustive courses, and a collection of hundreds of recorded webinars. Most significantly, Vantage’s educational materials cover every major trading topic, including technical analysis, fundamental analysis, risk management, and the psychology of trading.

    Educational Tools

    I have broken down the most important types of educational content with Vantage:

    Educational Courses

    Vantage’s educational courses tree

    The courses offered are ‘Forex Beginner’ and ‘Stock Beginner.’ Spanning over 270 minutes in total, I found these courses to be quite in-depth and diverse. The attention to minor details and their clear structure was particularly impressive.”

    Articles

    Vantage’s articles

    Vantage’s library features 79 articles and is regularly updated. These articles offer a broader perspective on market developments, including forecasts for the indices market in 2024, and help traders gain a deeper understanding of the underlying driving forces in the market.

    Webinars

    Vantage’s webinars

    There is a truly impressive assortment of over 270 past webinars available from the broker’s YouTube channel. New webinars are held weekly. There is already enough content to provide newbie traders with a firm understanding of the ABCs of trading.

    The Bottom Line

    Vantage is a well-balanced Australian broker that offers retail and professional traders access to nearly 1000 instruments at competitive prices.

    The broker incorporates multiple tools and several platforms, including MetaTrader 4&5 and ProTrader, and has a wide collection of educational materials.

    There are not many cons to Vantage’s offering, though I would say that its average execution speeds of 100-250 milliseconds make it less prudent to execute high-frequency strategies, such as scalping.

    With its affordable prices and a selection of over 50 lower-risk securities, I assess Vantage to be a great choice for day traders and position traders.

    FAQ

    Vantage is headquartered in Sydney, Australia. It also has offices in South Africa, Vanuatu, and the Cayman Islands.
    Vantage holds one Tier-1, one Tier-2, and two Tier-3 licenses, adheres to all essential safety requirements, and has very transparent legal documents. All of these factors, in my opinion, make Vantage a safe and reliable broker to trade with.
    Funds can be deposited via bank transfer, debit/credit cards, digital wallets, and various online payment systems.
    The minimum deposit requirement with Vantage is $50.
    Withdrawals can be processed via wire transfer, credit/debit card, e-wallets, and crypto-wallets.
    Transaction times may vary between 3 to 8 business days.
    The maximum leverage for retail traders with Vantage is 1:500.
    The account can be opened from the main page of the website.
    Vantage incorporates the MetaTrader 4,5 and ProTrader platforms.
    Vantage does not charge any internal fees for withdrawals.
    Beginners can benefit from Vantage’s low trading costs, multiple supporting tools, and robust educational content.
    Yes, Vantage offers unlimited demo accounts via MetaTrader 4, MetaTrader 5, ProTrader, and the Vantage app.
    No, because Vantage’s slow execution speeds increase the risk of negative slippage.
    Yes, auto-trading is available via MetaTrader’s Expert Advisors (EAs) feature. The broker also offers free VPS hosting.
    Yes, hedging is permitted with Vantage.
    No. Spread betting is not available with Vantage.
    No, Vantage operates as an ECN broker without a dealing desk.
    No, Vantage does not operate a bank.

    See Vantage Full Information

    Headquarters CountryAustralia
    Foundation Year2009
    RegulationsFSCA South Africa (South Africa), CIMA Cayman Islands (Cayman Islands), ASIC (Australia), VFSC Vanuatu (Vanuatu)
    Publicly TradedNo
    Number Of Employees1000
    Trading Desk TypeECN, No dealing desk
    Trading PlatformsMT4, MT5, ProTrader
    Restricted Countries
    Canada, China, Romania, Singapore, United States, Spain, Italy, Poland
    Supported Languages
    English, French, Arabic, Italian, Spanish, Chinese, Greek, Malaysian
    Min Deposit$50
    Max Leverage1:500 (FSCA South Africa), 1:250 (CIMA Cayman Islands), 1:30 (ASIC), 1:500 (VFSC Vanuatu)
    Deposit OptionsWire Transfer, Cryptocurrencies, Neteller, FasaPay, Skrill, Broker to Broker, Credit Card, AstroPay, ApplePay, GooglePay, Debit Card, China UnionPay, AdvCash, PerfectMoney, SticPay, JCB, BitWallet
    Withdrawal OptionsWire Transfer, Cryptocurrencies, Neteller, FasaPay, Skrill, Credit Card, AstroPay, Debit Card
    Time to Withdrawal3
    Time to Open an Account1
    Crypto
    Bitcoin, Cardano, Dogecoin, Litecoin, Stellar, EOS, Ethereum, Polkadot
    Products
    Currencies, Stocks, ETFs, Crypto, Indices, Commodities, Futures
    Demo AccountYes
    OCO OrdersNo
    Offers HedgingYes
    Automated TradingYes
    API TradingNo
    Guaranteed Stop LossNo
    Guaranteed Limit OrdersNo
    Guaranteed Fills / LiquidityNo
    Economic calendarYes
    Trading From ChartYes
    One-Click TradingYes
    Expert AdvisorYes
    Social TradingYes
    AutochartistNo
    Trading SignalsNo
    Platform Languages
    Italian, Portuguese, Dutch, Chinese, Arabic, Czech, Korean, Vietnamese, Danish, Hungarian, English, French, Lithuanian, Farsi, German, Bulgarian, Malaysian, Japanese, Estonian, Greek, Croatian, Latvian, Hebrew, Polish, Indonesian
    24 Hours SupportYes
    Support During WeekendsYes
    Live ChatYes
    Daily Market CommentaryYes
    News (Top-Tier Sources)Yes
    WebinarsYes
    Deposit FeeNo
    Withdrawal FeeNo
    Inactivity FeeNo

    About the Author

    Plamen StoyanovBroker Analyst

    Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.

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    Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't take into account your personal objectives, financial circumstances, or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions.