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Vantage Review
Located in Australia, Vantage is one of the most popular online Forex brokers, providing clients with access to the global market. This online broker is a major player in the industry because of its award-winning customer service and dedication to speedy transactions.
Vantage Global Prime Pty Ltd is represented by Vantage Markets (former Vantage FX). It was founded in 2009 as MXT Global and rebranded in 2015 under its current name.
The site is primarily aimed at Australians, as it is registered in that country. However, since then, the company has grown and now has a global customer base.
Is Vantage a properly licensed and regulated broker?
Vantage is a reputable broker. It is regulated by several top-tier regulators, including Australia’s ASIC and the United Kingdom’s FCA. Additionally, the Cayman Islands and Vanuatu have registered it.
Vantage is regulated and registered by the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA), the Cayman Islands Monetary Authority (CIMA), and the Vanuatu Financial Service Commission (VFSC) (VFSC). Additionally, each deposit is insured by the Investor Compensation Fund or the Financial Services Compensation Scheme in the United Kingdom.
Take a look at the following list of Vantage -registered businesses:
- Vantage International Group Limited – is authorized and regulated by the Cayman Islands Monetary Authority (CIMA), Securities Investment Business Law (SIBL), and is registered in Grand Cayman.
- Vantage Global Limited – is authorized and regulated by the VFSC and is registered in Vanuatu.
- Vantage Global Prime Pty Ltd – is regulated by the Australian Securities and Investments Commission (ASIC), and is located in Australia.
- Vantage Global Prime LLP – is authorized and regulated by the Financial Conduct Authority, and is registered in London, England.
What Are The Fees And The Commissions?
Trading Fees
In general, Vantage’s spreads and commission rates are comparable to those of the majority of other major participants in the online trading business. Although the Standard STP account is commission-free, the spreads are substantially wider than those seen in the Raw ECN account (commission-based).
An indicative spread of 1.4 (EUR/USD) is stated for the Standard STP account. The average spread is reported as 0.1 pips for the Raw account, however, the commission is charged.
Additionally, demo and Islamic accounts are accessible. Additionally, demo and Islamic accounts are accessible.
Swap Fees
The overnight swap fee is the other significant trading expense to consider. It is determined by the overnight interest rate differential between the pair’s two currencies and whether the position is long or short. However, Vantage FX does not post its swap rates on its website.
Non-Trading Fees
The non-trading fees charged by brokers are among the most disregarded trading fees. These fees have a big impact on your business and should be evaluated carefully.
In comparison to other brokers that impose fees for deposits and inactive accounts, Vantage normally does not charge non-trading costs. However, withdrawals made via bank wire transfer incur a cost of 20 GBP.
What type of accounts do they offer?
Vantage offers three live trading accounts with increased minimum deposits and tighter spreads on the MetaTrader 4 or Protrader platforms.
Standard STP Account
For new traders who want direct market access with no commissions, the Standard Account is the best option available. The minimum amount that can be deposited into this STP account is 200 GBP. Fees are included in the spreads, which begin at 1.2 pips on the EUR/USD and increase to a maximum of 30:1 on the GBP/USD. Traders can access leverage of up to 30:1 on the EUR/USD. These trade fees are in line with the industry standard. 0.01% of the total transaction volume is set as the minimum transaction volume.
Raw ECN
This is an electronic communication network (ECN) account, which means there is no dealing desk. In the case of the EUR/USD, raw ECN accounts are professional trading accounts with floating spreads that begin at 0 pip on the currency pair. The minimum deposit is 500 GBP, the leverage is 30:1, and a commission of 1 GBP is levied for each lot traded on each side of the market (2 GBP round turn). These trading fees are far smaller than those charged by other brokers.
Professional ECN
Professional ECN accounts are designed for professional traders and money managers who trade in large amounts and require a high level of liquidity. The minimum deposit is 500 GBP, leverage is available up to 500:1, spreads are narrow, starting at 0.0 pips, and a commission of 1 GBP per lot is levied on each side of the transaction (2 GBP round turn). These are some of the most competitive trading fees in the business. Traders who wish to become professional clients must first meet a set of eligibility requirements. These are some examples:
- It is required that traders have a net asset worth in excess of 500,000 EUR.
- Traders should have performed transactions on the relevant market in considerable amounts at an average frequency of 10 transactions each quarter during the previous four quarters, and they should have done so on a consistent basis.
- Traders are employed or have previously employed in the financial sector for at least one year in a professional role that necessitates understanding of the transactions or services being offered.
Demo Accounts
Those who are apprehensive about investing their own money in trading will be pleased to know that Vantage has offered an unlimited MT4 demo account. Traders can test strategies and conduct data analysis on more than 300 different instruments.
What Assets Can You Trade?
VANTAGE’s portfolio of financial instruments for CFD trading comprises the following types of financial instruments: forex, stock CFD trading (foreign exchange), commodities (energy, metals, and softs), and indices:
- FOREX – Vantage offers a total of +40 currency pairs for trading, which is a standard range when compared to the options of most other brokers. These include majors (such as the EUR/USD, GBP/USD, and USD/JPY), minors (such as the NZD/JPY, GBP/JPY, and USD/ZAR), and exotics (such as the USD/ZAR).
- Share CFD’s – CFDs on 50 shares are available through Vantage , which is a small number when compared to the offers of other prominent international brokers. Some of the most important exchanges in the United States, the United Kingdom, Europe, and Australia are among those that are available.
- Indices – Vantage offers 15 different indices for traders to choose from, which is equivalent to the number of indices accessible at other similar brokers. The most widely followed indices are those that aggregate the stocks of some of the world’s largest and most well-known corporations.
- Energies – Vantage offers trading in six different energy products, which is a standard number when compared to other similar brokers. Oil, natural gas, gasoline, gas oil, and oil cash are examples of energy sources.
- Precious Metals – Despite the fact that Vantage only allows trading in five metals, these include silver and gold, as well as USD and AUD crosses. It also provides trading services for copper.
- Soft commodities – Orange juice, cocoa, coffee, cotton, and sugar are among the soft commodities that Vantage trades, as are cocoa, coffee, and cotton.
What Are The Supported Trading Platforms?
MetaTrader 4
MetaTrader 4 (MT4) is the most widely used online foreign exchange trading terminal in the world. A clear interface is regarded easy-to-use for both rookie and professional traders alike, and it has a straightforward layout. It is also well-known for its lightning-fast execution times, diverse set of charting tools, algorithmic trading, and ability to be tailored to individual needs. MT4 is accessible in more than 31 different languages.
Trading on MT4 has grown as popular as it has because of one basic feature: it is extremely flexible. No matter where you are or when you need to access your MT4 platform, you can be assured that you will always have your forex charts at your fingertips, regardless of the situation.
Among the other features of MT4 are:
- It facilitates the development, modification, and use of automated trading methods
- The MQL4 programming language is supported.
- Trading using algorithms, which allows any trading strategy to be formalized and applied as an Expert Advisor
- Traders can create their own own indicators
- Superior charting options are available in nine different timeframes.
- 31 graphical objects
- 30 built-in indicators
- 9 timeframes
- Three order execution types
- Four types of pending orders
Although MT4 offers extensive customizability, the platform appears to be out of date, and some of the functions may be difficult to locate. Furthermore, only the most elementary orders, such as Market, Limit, Stop, and Trailing Stop, are available for use.
MetaTrader 5
For those who are unfamiliar with it, the MetaTrader 5 (MT5) trading platform developed by MetaQuotes is the latest generation of forex trading platforms to come off the production line. MetaTrader 5 (MT5) is the immediate successor to MetaTrader 4, which is the most well-known and most widely used Forex trading platform (MT4).
In addition to include all of the features that have made MT4 the outstanding Forex trading platform that it is, MetaQuotes has refined and enhanced those features. In choosing Vantage to trade Forex on MT5, you will benefit from the most recent version of the platform, which has been updated to incorporate all EA and signals trading, as well as the option to hedge positions.
MT4 & MT5 WebTrader Platform
The MetaQuotes WebTrader platform for MT4 and MT5 offers traders a reliable method of trading straight from their browser, and it is compatible with all major operating systems, including Windows, MacOS, and Linux.
The WebTrader platform, like the desktop versions of MT4 and MT5, provides access to a suite of 30 indicators, 24 technical analysis tools, 9 timeframes, and the same ease of One-Click Trading.
Protrader
The Vantage ProTrader platform, which is powered by TradingView, provides all clients with access to hundreds of the most popular indicators, more than 50 technical drawing tools, and a full suite of tools for in-depth market analysis. Among the other features of the Protrader platform are the following:
- 8 timeframes
- 20+ chart layouts
- 100+ indicators
Mobile Apps
MetaTrader 4 & MetaTrader 5 mobile apps
Vantage provides its traders with access to the official MetaTrader mobile applications, allowing them to trade from anywhere at any time. They can gain access to their Forex trading accounts in a quick and stable way using the official MetaQuotes mobile applications. There are apps for all mobile platforms, including Apple and Android, that are accessible for download.
It’s the same as if you were using your desktop MetaTrader software, with the ability to view prices in real time and place Forex trades. Open, close, alter, or even cancel pending transactions all from the convenience of your mobile device. Your account balance and Forex trades are synchronised across all of your MetaTrader platforms, and they are always current.
Vantage App
With the Vantage App, traders may access hundreds of currency pairs, commodities, indices and share CFDs from their mobile devices with ease and power. The Vantage trading app, which is available for both iOS and Android devices, is packed with a suite of trading and investing features that allow clients to trade global markets from any location at any time.
Technical indicators such as Moving Averages, Bollinger Bands, MACD, nine timeframes, charting tools, and a total of 10 timeframes are included in the Vantage App. This powerful yet simple technical charting tool is available to traders of all styles.
And, with tools such as order management, custom watchlists, trading indications from Trading Central, alerts, a news calendar, and more, it’s never been easier to access the global markets from any location at any time.
What Sets Vantage Apart From Other Brokers?
In addition to trading tools such as MT4/MT5 Smart Trader Tools, VPS hosting, sentiment indicators, and Market Buzz, Vantage also provides a variety of other services.
MT4/MT5 Smart Trader Tools
These three extra MetaTrader plugins, which are included with the MT4/MT5 Smart Trader Tools, significantly improve the overall trading environment. A variety of advanced alarms and message systems, as well as correlation tracking, are included in the package.
- Alarm Manager – Allows traders to set alarms, apply rules, and triggers according to their preferences. It provides six different forms of alarm warnings that can be received via SMS, email, or push notifications.
- Correlation Matrix and Correlation Trader – Correlations between trade symbols are displayed using these tools in conjunction with one another. It may be used with any symbol that is available in the trading platform, and it allows for the measurement of the correlation between several asset classes and the currency pair in question. The Correlation Trader will then enable for a full examination of the correlation between any two instruments using the information obtained by the correlation indicator.
- Excel RTD Link – With MS Excel aficionados, clients can use their favorite spreadsheets to compare, analyze, and establish rules in real-time across numerous accounts, all while utilizing their favorite spreadsheets.
Forex VPS
Vantage provides traders with a selection of Forex VPS providers from which they can choose. Traders will then be required to pay a subscription rate that is calculated based on the length of the contract they choose.
Trades are never disturbed by technological or connectivity issues, such as internet service failure, thanks to virtual private server (VPS) services, which is particularly useful for algorithmic traders who need to be connected to a server around the clock in order to maximize uptime. Other advantages of using a virtual private server (VPS) include:
- 24/6 VPS email support
- 24/7 Redundant power to your VPS
- 24/7 Redundant internet connectivity to your VPS
- Low latency connectivity to FP Markets trading servers for precision trading
- Uninterrupted EA trading
Sentiment Indicators
The overall long and short positions of the Vantage book are displayed on the Sentiment page of the Vantage book. The percentage difference between long and short positions is displayed as a sliding scale, with red representing clients’ short positions and blue representing their long ones. Indices, commodities, and foreign exchange markets all have sentiment indicators available.
Traders should be advised that, due to the decentralised nature of the currency market, Vantage’s sentiment readings are limited to the Vantage book. Traders, on the other hand, will gain an understanding of the average trader’s perspective as a consequence of reading this snapshot of the market and will be able to take advantage of any supply/demand imbalances that may arise as a result.
Market Buzz
Market Buzz products are available to clients who have a balance of at least 1,000 GBP in their account. The Market Buzz contains a variety of market news updates, trading suggestions, an economic calendar, and several analyst perspectives, among other things.
- Next-gen AI Market News – Gain insight into what is now taking place in the global markets by having access to the most recent news coverage, media, and economic events across hundreds of currency pairings, thousands of stocks, dozens of indexes, and other financial instruments.
- The exclusive AI buzz meter – allows traders to see the volume of media buzz and news about their favorite tradable assets in order to make trading decisions.
Copy/Social Trading
ZuluTrade
Vantage clients will have exclusive access to a large pool of skilled traders and winning trading strategies through the ZuluTrade social trading platform. It is possible for clients to choose which expert traders they wish to follow and to diversify their Forex trading risk over a number of different techniques. The performance of the traders investors follow will be reflected in their trading accounts, which will be an identical replica of the performance of some of the brightest and most skilled Forex traders in the social trading business. Every bit of this information is delivered to their Vantage MT4 trading accounts.
MyFxBook Autotrade
Vantage has partnered with AutoTrade to provide FOREX traders with one of the most popular FX copy trade services currently available in the marketplace. AutoTrade is a FOREX trading account mirroring tool that allows you to duplicate trades from the most successful FOREX trading systems available today.
AutoTrade is an online platform where you can choose from over 90,000 successful Forex trading systems to duplicate trades from, all in the comfort of your own home. With your Vantage AutoTrade account, you can quickly and easily build a portfolio of transactions that are based on the trades of other successful foreign exchange traders. You’ll be able to manage and customize each replicated FX trade, and you’ll be able to benefit from detailed portfolio information as well.
DupliTrade
In order to diversify their portfolios, Vantage clients can start by replicating the moves of proprietary traders and trading their own accounts with real money. When you link your Vantage account to DupliTrade, you receive access to a folio of prop traders who have been hand-selected for their expertise. Simply select the traders you wish to imitate based on their performance, strategy, and trading style before their transactions are replicated on your Vantage MT4 or MT5 account, depending on your preferences.
When you fund your Vantage account with a minimum of $2000, you will be able to access a portfolio of skilled proprietary traders who will help you make money. Additionally, you can test your portfolio on a sample account to determine which traders are the most suitable for your requirements.
Does Vantage Offer Education And Free Research Solutions?
In general, Vantage provides a good selection of educational and market research materials for novice traders to choose from. However, in order to gain access to the Trading Central-powered Pro Trader Tools, a payment of $1,000 USD is necessary. It also provides a free unlimited MT4 sample account, and customer care representatives are available 24 hours a day, five days a week to assist with all client-related and technical questions.
Beginner traders who do not have a Pro Trader account can access a series of articles and videos that explain the fundamentals of Forex trading, as well as a market overview, market analysis, trading psychology, and numerous MetaTrader platform courses, among other things. As part of its Pro Trader videos, Vantage also includes a library of over 130 videos, which totals over 130 hours. The content varies from short introduction video for beginners to longer advanced topics in forex and CFD trading across a variety of markets and time frames. To acquire access to this content, one must once again submit a $1,000 USD deposit as a down payment.
Vantage also provides regular webinars, which is a significant advantage for newcomers who are just getting their feet wet in the Forex trading world.
Third-party content suppliers, such as Trading Central, provide the majority of the research provided by Vantage FX. In addition, the broker provides various fundamental tools, such as an economic calendar and client mood data. Nonetheless, as compared to other forex brokers, Vantage FX lacks a diverse range of in-house material aside from its daily videos.
How efficient is Customer Support?
Vantage provides assistance in ten distinct languages, including Italian, French, Hindi, Malaysian, Chinese, Mandarin, Spanish, English, Cantonese, and Mandarin. Other languages supported are Italian, French, Hindi, Malaysian, Chinese, Mandarin, and Spanish. Help is available 24 hours a day, seven days a week via telephone, email, Telegram, and live chat.
How To Sign Up For A Vantage Trading Account?
New accounts are opened through an online application form, which, according to Vantage , takes less than five minutes to complete. It suggests that Vantage may take actions that are redundant under ASIC requirements but are not required everywhere else in the world.
To comply with AML/KYC requirements, traders must provide a copy of their identification as well as proof of residency documentation.
The minimum deposit for the Vantage Standard STP account is $200 or the equivalent in another currency, whilst the minimum deposit for the Raw ECN account is $500. Both are pricier than many other brokers, but they are still within a respectable range of prices. The Pro ECN alternative starts at $20,000 and goes up from there.
Deposits And Withdrawals
The fact that Vantage is a properly licensed and regulated broker means that all Anti-Money Laundering standards and regulations are followed.
In addition to bank wire transfers and local bank transfers, Vantage accepts a variety of deposit and withdrawal options, including credit and debit cards, Neteller, BPay, Poli and Unionpay transfers, as well as Skrill, Neteller, BPay, Poli, and Unionpay transfers.
Deposits are free for all payment methods, though consumers will be responsible for any costs levied by their respective banking institutions while making deposits. All withdrawal requests are handled within one business day from Monday to Friday, 9 a.m. to 7 p.m. (AEST), except public holidays. It is simple for clients to withdraw funds online by login into the secure Vantage client portal and selecting the withdraw option from the drop-down menu.
Is Vantage The Right Broker For You?
The trading environment at Vantage is well regarded for its low trading expenses, large leverage, rapid order execution, and improved MT4 and MT5 trading platforms, among other characteristics. Traders must make a minimum deposit of $1,000 in order to gain access to all of the features provided at Vantage. Social traders have access to three third-party providers in addition to the inbuilt MT4/MT5 solution, which places Vantage among the most competitive MT4/MT5 brokers in the industry. Scalpers, algorithmic traders, social traders, and manual traders will all benefit from the current trading conditions.
THE NEXT GENERATION OF TRADING TOOLS
- ZuluTrade social trading
- MetaTrader 4/5 – The world’s most popular trading platforms.
- Sentiment Indicators - The overall long and short positions of the Vantage book are displayed
- Market Buzz - contains a variety of market news updates, trading suggestions, an economic calendar, and several analyst perspectives
- Forex VPS - Trades are never disturbed by technological or connectivity issues
Pros
- A well-regulated, secure, and transparent trading environment
- Low trading costs and upgraded MT4/MT5 trading accounts
- High leverage for international traders and fast order execution
- ZuluTrade accounts are available
- Quality trading tools, including actionable trading ideas
Cons
- No cryptocurrency trading
- Higher minimum deposit but within a reasonable range
Multiple Best Forex Broker Awards
