Vantage Markets Review 2024
Website: www.vantagemarkets.com
Min. Deposit: US$ 50
Leverage: 1:500
Trading Platforms: MT4, MT5, Protrader, WebTrader, Vantage app, Copy trading platforms
Regulation: FSCA, VFSC, ASIC, FCA
Headquarters: Australia
Founded: 2009
Regulatory Licenses:
- Vantage Global Prime Pty Ltd - authorized by ASIC (Australia) registration no. AFSL No. 428901
- Vantage Global Prime LLP - authorized by FCA (UK) registration no. 590299
- Vantage Markets (Pty) Ltd — authorized by FSCA (South Africa) registration no. 51268
- Vantage Global Limited - authorized by VFSC (Vanuatu) registration no. 700271
Updated on March 29, 2024
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Vantage Markets stands out as a multi-asset brokerage firm, providing a dynamic and proficient service for trading Contract for Difference (CFD) across various assets such as Forex, Commodities, Indices, Shares, Exchange-Traded Funds (ETFs), and Bonds. Our comprehensive review takes an in-depth look at the offerings, performance, and reliability of Vantage Markets, ensuring traders can make an informed decision.
Vantage Markets Pros and Cons ▲
Vantage Markets has garnered a reputation for reliability due to its adherence to regulations by the prestigious Financial Conduct Authority (FCA) and Australian Securities and Investments Commission (ASIC). The broker is recognized for its advanced trading technologies, a wide array of instruments, and highly competitive variable spreads. Traders have an excellent selection of trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), in addition to social trading, investment accounts, and Multi-Account Manager (MAM) accounts.
Pros
Regulated by FCA and ASIC
Wide range of trading instruments
Low variable spreads
Cons
Research tools could be enhanced
Trading conditions may vary by regulatory entity and geography
Is Vantage Markets Safe or a Scam? ▲
Vantage Markets is most certainly not a scam. This brokerage firm ensures a transparent and secure Forex and CFD trading environment for all its clients, backed by its top-tier regulatory compliance with both the FCA and ASIC.
Vantage Markets Review Summary in 12 Points ▲
Headquarters: Australia
Regulation: ASIC, FCA, Financial Sector Conduct Authority (FSCA), Vanuatu Financial Services Commission (VFSC)
Platforms: MT4, MT5, Protrader, WebTrader, Vantage app, Copy trading platforms
Instruments: Forex, Commodities, Indices, Metals, Shares CFDs, ETFs, and Bonds
EUR/USD Spread: 1.4 pip
Demo Account: Available
Minimum Deposit: $50
Base Currencies: Multiple currencies available
Education: Comprehensive with market analysis and trading tools
Customer Support: 24 hours a day, 5 days a week
Overall Vantage Markets Ranking ▲
Based on our detailed analysis and comparison with over 1000 brokers, Vantage Markets is considered a highly recommendable broker, providing safe and favorable trading conditions along with transparency. The brokerage offers an array of trading services with a low initial deposit requirement. Notably, Vantage Markets is accessible in numerous countries, enabling traders to sign up and trade with some of the lowest spreads available. The Overall Ranking for Vantage Markets is 8.9 out of 5, a testament to its quality services and offerings.
Indeed, Vantage Markets is a legitimate and regulated broker, adhering strictly to financial regulations in each jurisdiction it operates. This includes compliance with the Australian ASIC, alongside holding a license for operation. Furthermore, the UK entity of Vantage Markets is regulated by the reputable FCA, which imposes stringent rules and obligations to ensure trading safety. The brokerage has also expanded into South Africa, securing a regulatory license to offer derivative products locally. While Vantage Markets operates international branches in Vanuatu, it's important to note the general caution advised when dealing with offshore brokers. However, Vantage Markets’ commitment to ASIC and FCA regulations solidifies its stance as a strictly regulated firm.
See our conclusion on Vantage Markets Reliability:
Our Ranked Vantage Markets Trust Score is 9.0 out of 5, reflecting a solid reputation and service quality over the years, underpinned by reliable top-tier licenses. It is important to mention that regulatory standards and protection levels may differ based on the entity.
In line with the Regulatory Guides of ASIC and FCA, Vantage Markets maintains Professional Indemnity Insurance, which covers the activities conducted by its representatives, employees, and authorized representatives. The brokerage also undergoes strict audits and ensures that all client funds are held in segregated trust accounts. Additionally, compensation schemes are in place in the event of insolvency to safeguard client funds.
All Vantage trading accounts can be accessed across various devices through the platforms provided, aiming for swift and stable connectivity to the trading environment. This encompasses the enhanced MetaTrader 4, MetaTrader 5, WebTrader, ProTrader, and a range of mobile trading applications for both iPhone and Android devices. Additionally, it includes social trading platforms: Vantage Social Trading, ZuluTrade, AutoTrade, and DupliTrade.
Vantage Markets Platform receives an outstanding evaluation, with an overall score of 4.3 out of 5, when compared to over 1000 other brokers. It is considered superior due to its inclusion of the popular MT4 and MT5 platforms that cater to professional traders.
Desktop and Web Trading Platforms
MT4 and MT5 stand out as market leaders, offering advanced features beneficial to traders. They support all styles of automated trading with EAs, include Trading Central opportunities, indicators, and signals, and also offer Free VPS for traders who trade over 10 standard Forex lots per month. Multi-account managers benefit from customizing their needs through MAM or PAMM solutions.
Copy Trading
Moreover, Vantage Markets facilitates automated trading through Myfxbook AutoTrade, a reputable social trading service, and ZuluTrade, one of the most favored social trading platforms among traders.
Customer Support
Vantage Markets commits to providing its clients with 24/5 customer support. Available channels include phone lines, live chat, and email, ensuring comprehensive support options. The customer support at Vantage Markets earns a high rating of 4.5 out of 5, based on our evaluation. Responses were quick, informed, and easy to obtain during business hours. Our findings and rankings on Customer Service Quality are based on these experiences.
Vantage Markets Education
Vantage Markets extends a vast array of educational resources catering to traders at all levels of expertise. The education segment comprises learning materials, webinars, market news and analysis, an economic calendar, indicators, and numerous trading tools. Rated at 4.5 out of 5, Vantage Markets Education stands out for its high-quality educational content and collaboration with leading market data providers.
Vantage primarily operates on a model that includes a spread or commission for ECN accounts: a $3.00 commission per lot per trade, in addition to the spread cost. The average spread cost hovers around 0.3 pips during peak trading times. The broker also considers funding fees and other charges, such as inactivity fees. However, Vantage Markets does not impose any extra fees or commissions for CFD indices trading. Another expense to keep in mind is the overnight fee or swap rate, applicable if a position is held for more than a day. Vantage Markets Fees are considered competitive, with an overall score of 4.5 out of 5, based on our analysis and in comparison to over 1000 other brokers.
Pros
Competitive trading fees and low spreads
No additional fees for CFD indices trading
Cons
Inactivity fees may apply
Overnight or swap fees for positions held longer than a day
Vantage Markets sets the bar high with its competitive spreads, which vary depending on the account type selected by traders. For those opting for the RAW ECN accounts, spreads start from an impressively low 0.0 pips, and similarly, Standard STP accounts enjoy spreads beginning at 0.0 pips. Particularly for major Forex pairs, spreads can dip below 1 pip during periods of high liquidity, showcasing Vantage Markets' commitment to offering cost-efficient trading conditions. The broker's spreads have been evaluated against a benchmark of 1000 brokers, earning a commendable score of 4.5 out of 5, thanks to its low Forex spread and attractive rates for various other instruments.
Vantage Markets operates under strict regulatory environments, leading to variances in the leverage offered across different jurisdictions. The broker provides a range of leverage options:
For clients under the ASIC's jurisdiction, leverage ratios are capped between 30:1 and 2:1 for CFDs.
The FCA follows a similar pattern, with leverage limits set between 30:1 and 2:1, depending on the asset's volatility.
International traders, however, can access higher leverage of up to 1:100 on standard accounts.
Vantage Markets caters to a diverse clientele through three primary account types, each offering different cost structures, either based on commissions or spreads. These accounts are compatible with both the MT4 and MT5 platforms, with leverage options tailored to the regulatory entity governing the trade. Additionally, the broker accommodates swap-free accounts and encourages beginners to start with a risk-free demo account, ensuring a broad appeal across all levels of trading experience.
Vantage Markets boasts a comprehensive selection of trading instruments, including CFDs on Forex, Commodities, Indices, Stocks, Metals, Shares, ETFs, and Bonds, all accessible through the MT4/MT5 platforms. The broker's extensive market range has earned a rating of 4.6 out of 5, reflecting its ability to meet the diverse needs and interests of traders across Forex, Stocks, Indices, and more.
Vantage Markets presents its clients with a variety of funding options, accommodating domestic and international bank transfers, as well as payments via Skrill, Neteller, Credit/Debit card, PayPal, UnionPay, AstroPay, among others. The broker's approach to funding methods receives a strong rating of 4.6 out of 5, balancing an industry-average minimum deposit requirement with minimal to no fees across different account currencies. However, it's crucial for traders to verify the availability of specific payment methods based on regulatory restrictions.
Pros
Offers a range of payment methods for deposits and withdrawals
Low minimum deposit requirement for Standard and Raw accounts
Cons
Higher minimum deposit for Pro accounts
Availability of payment methods may vary by jurisdiction
The culmination of this review underscores Vantage Markets as a trustworthy and efficient choice for traders, underscored by its regulation by two leading authorities in the financial industry. As an ECN and STP broker, Vantage Markets prides itself on its robust reputation and commitment to integrity, ensuring that traders experience genuine Interbank Forex market conditions. The broker excels in areas of technology, reliability, customer service, and pricing, making it an attractive option for traders at any level - from beginners to professionals. Opening an account is straightforward, with a low minimum deposit requirement and a variety of trading options, supplemented by invaluable educational resources. Vantage Markets is highly recommended for:
Beginners and advanced traders
Professional trading environments
Currency and CFD trading
Social trading
ECN/STP execution
Those preferring MT4/MT5 platforms
Low spread trading
Competitive fee structures
EA trading
Excellent customer support
Comprehensive educational materials
