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Vantage Markets Broker Review 2024

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Vantage Markets Broker Review 2024
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Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:Vantage Markets
Founded:Australia
Min Deposit:20
Max Leverage:500
Headquarter:Australia
US Accepted:
About
Vantage Markets is a Forex broker operating since 2009. You can trade over 1000 instruments on this broker, which serves more than 3,000,000 registered users. It offers trading on MetaTrader 4, MetaTrader 5, TradingView, ProTrader, and the proprietary platform. In this review, we will discuss every aspect of Vantage FX.
Contact
12/15 Castlereagh Street, Sydney, NSW, Australia, 2000
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
Advanced & popular trading platforms (MT4, MT5)
Competitive spreads, especially on ECN accounts
Regulated by a tier-1 financial authority
Fast execution speeds
Social/copy trading options available
Cons
No proprietary desktop trading platform
High minimum deposit for Pro ECN account
Some countries restricted (e.g., US, Canada)
Vantage Markets
Vantage Markets Review of features, pros and cons, scores

Vantage Markets is a reputable brokerage that has been operating since 2009. It offers over 1,000 CFD products and has 3 million registered users. This brokerage has a score of 4.3 out of 5 from Google users, which adds to its credibility. Vantage Markets offers its services on some of the most popular platforms, including MetaTrader 4, MetaTrader 5, TradingView, ProTrader, and its proprietary application. Read this Vantage Markets Review to learn more.

Vantage Markets Forex Broker - Company Information & Regulation

Vantage Markets, founded in 2009 and headquartered in Sydney, Australia, has grown to become a major player in the online trading space. The company's impressive global presence is evident through its network of over 30 offices worldwide. Vantage Markets offers a diverse range of trading instruments, including forex, CFDs on indices, commodities, stocks, and cryptocurrencies.

One of the critical strengths of Vantage Markets is its robust regulatory framework. The broker holds licenses from several reputable financial authorities, including:

  • Australian Securities and Investments Commission (ASIC)
  • Vanuatu Financial Services Commission (VFSC)
  • Financial Sector Conduct Authority (FSCA) in South Africa

Broker Summary Table

Here's a summary of the broker's key features and specifications that lets you have a glance at them:

Broker

Vantage Markets

Account Types

Standard STP, Standard Cent, Raw ECN, Pro ECN, Swap Free

Regulating Authorities

ASIC, FSCA, VFSC

Based Currencies

USD, EUR, GBP, AUD, NZD, SGD, JPY, CAD, HKD

Minimum Deposit

$20

Deposit Methods

E-Wallets, bank transfer, credit/debit cards, Perfect Money, local payment options

Withdrawal Methods

E-Wallets, bank transfer, credit/debit cards, Perfect Money, local payment options

Minimum Order

0.01 lot

Maximum Leverage

Up to 1:500

Investment Options

Copy Trading, Social Trading

Trading Platforms & Apps

Metatrader 4, Metatrader 5, ProTrader, TradingView, proprietary application

Markets

Forex, Indices, Commodities, Shares, ETFs

Spread

From 0.0 pips

Commission

From $0

Orders Execution

Market Execution

Margin Call/Stop Out

50/80

Trading Features

Negative Balance Protection

Affiliate Program

Yes

Bonus & Promotions

Deposit Bonus, Trading Championship, Vantage Rewards

Islamic Account

Yes

PAMM Account

Yes

Customer Support Ways

Email, ticket, phone, live chat

Customer Support Hours

24/7

Forex Broker Account Types

An important part of the Vantage Markets review is the accounts overview. This broker offers a range of account types to cater to traders of varying experience levels and trading styles:

  • Standard STP: ideal for beginners and those who prefer a straightforward trading experience
  • Standard Cent: best for traders who want to start with minimal investment
  • Raw ECN: designed for more experienced traders seeking tighter spreads and faster execution
  • Pro ECN: tailored for professional traders and money managers
  • Swap Free: suitable for Muslim traders and those who cannot receive or pay swaps

Let's explore the main features of the account types available in the table below:

Standard STP

Standard Cent

Raw ECN

Pro ECN

Swap Free

Minimum deposit

$50

$20

$50

$10,000

$50

Leverage

Up to 1:500

Up to 1:500

Up to 1:500

Up to 1:500

Up to 1:500

Commission

$0

$0

From $6 per lot round turn

From $1.5 per lot round turn

varies

Spread

From 1 pip

From 1 pip

From 0 pips

From 0 pips

From 0 pips

Vantage Markets Pros & Cons

This broker, like any other platform or firm, brings up some benefits and risks for traders. In the table below, you will see its significant advantages and disadvantages:

Pros

Cons

Regulated by a tier-1 financial authority

High minimum deposit for Pro ECN account

Competitive spreads, especially on ECN accounts

No proprietary desktop trading platform

Advanced & popular trading platforms (MT4, MT5)

Some countries restricted (e.g., US, Canada)

Social/copy trading options available

Fast execution speeds

Account Registration and Verification Guide

Opening an account with Vantage Markets is a straightforward process. Follow these steps to get started:

  1. Visit the official Vantage Markets website (www.vantagemarkets.com).
  2. Click on the "Register", then "Trade Now" button.
Vantage Markets "Registration" form
Enter the required data in the form according to the screenshot.
  1. Fill in the provided form with relevant information, then click on "send code".
  2. Enter the received code in the related field.
  3. Read and accept the terms and conditions, and declare that you are not a US resident by checking the box.
  4. Click on the "Create Account" button.
  5. In the form on the opened page, fill in your personal information.

After completing the related forms, click the "Verification" button to upload the required documents.

What Platforms and Applications does Vantage Markets Provide?

Vantage Markets Platforms
Platforms and applications offered by Vantage Markets

Vantage Markets offers a comprehensive suite of trading platforms and applications to suit various trading styles and preferences:

MetaTrader 4 (MT4):

  • Industry-standard platform
  • Advanced charting and analysis tools
  • Expert Advisors (EAs) for automated trading
  • Available for windows, mac, and linux

MetaTrader 5 (MT5):

  • Next-generation platform with enhanced features
  • More timeframes and analytical objects
  • Economic calendar integration
  • Available for different OSs on desktop

Vantage App:

  • Proprietary mobile trading application
  • User-friendly interface
  • Real-time market news and analysis
  • Copy Trading

ProTrader:

  • Over 100 technical indicators and oschillators available on charts
  • Up to 8 different time frames
  • 12 different chart types for different approaches

Commissions and Spreads

Vantage Markets offers competitive pricing across its account types:

  • Standard Accounts: Spreads from 1.0 pips, no commission
  • Raw ECN Account: Spreads from 0.0 pips, $6 commission per lot
  • Pro ECN Account: Spreads from 0.0 pips, $1.5 commission per lot per side

It's worth noting that spreads can vary depending on market conditions and the specific instrument being traded.

Deposit and Withdrawal Methods

Vantage Markets provides a variety of deposit and withdrawal options. Pick the best one for you considering your region and cinditions:

  • Bank Wire Transfer
  • Credit/Debit Cards (Visa, Mastercard)
  • E-wallets (Skrill, Neteller, FasaPay)
  • Local payment methods (depending on your region)

Copy Trade and Investment Options in Vantage Markets

Vantage Markets offers several copy trading and social investment options:

  • ZuluTrade: Copy from over 10,000 high level forex traders with ZuluGuard's advanced risk management
  • DupliTrade: Use analysis tools alongside copying from experienced traders
  • Myfxbook AutoTrade: Copy trades from successful signal providers with access from browsers

Additionally, you can also start copying trades on the Vantage app on mobile.

Tradable Markets and Symbols

vantage markets tradable instruments
An overview on Vantage Markets' tradable assets and markets

The broker provides a high amount of instruments for trading in different asset classes. Available markets and symbols on Vantage Markets:

  • Over 40 Forex currency pairs
  • Shares
  • Commodities
  • ETFs
  • Indices
  • Bonds
  • Energy Sources

Bonus and Promotions

Bonuses could be considered an important part in Vantage FX review. This broker occasionally offers bonuses and promotions to attract new clients and reward existing ones. Some of their recent offerings include:

  • Deposit Bonuses: Percentage-based bonuses on deposits (subject to specific terms and conditions)
  • Trading Contests: Periodic competitions (such as Trading Championship 2024) with cash prizes,typically based on trading performance or volume
  • Vantage Rewards: Missions and Challenges with vouchers as rewards, based on a tier system for reward levels
  • Referral Programs: Up to $100 for introducing new clients to Vantage Markets

It's important to note that bonus offerings may change over time and are subject to specific terms and conditions. Traders should always read the full terms before participating in any promotional offer.

Support and Customer Services

Vantage Markets provides customer support through various channels:

  • 24/7 Live Chat: Available directly on the website
  • Email Support: support@vantagemarkets.com for non-urgent inquiries
  • Phone Support: Local numbers available in multiple countries
  • FAQ Section: Comprehensive answers to common questions
  • Ticket System: Claimed response time within 1 working day

Restricted countries

Vantage Markets restricted countries
List of countries banned from the broker's services

Let's examine the banned countries list as a part of the Vantage FX review. The broker does not offer its services to residents of certain countries due to regulatory restrictions. As of the latest information, the following countries are restricted:

  • United States
  • Canada
  • China
  • Romania
  • Singapore
  • Poland
  • Ukraine
  • Iran
  • Iraq
  • Russia
  • Cuba
  • North Korea
  • Australia
  • Afghanistan

It's important to note that this list may change over time, and traders should always check the most up-to-date information on the Vantage Markets website or contact customer support for clarification.

Trading and Analysis Tools

Vantage Markets provides a range of trading and analysis tools to support traders:

  • Economic Calendar: Real-time updates on important economic events
  • Client Sentiment: Works as a gauge for traders, and shows the percentage of buyers vs. sellers for each instrument
  • Trading Central: Technical analysis and trading signals, free daily signals
  • Risk Management Tools: Stop-loss and take-profit orders, trailing stops, and guaranteed stop-loss orders (on select instruments)
  • VPS Hosting: Virtual Private Server for stable automated trading, faster execution and reduced latency for trades

Trust Scores

Trust scores for the mentioned broker vary across different review platforms:

Vantage Markets on Trustpilot
Vantage Markets has a mediocre score on Trustpilot.
  • Trustpilot Users: 3.4/5 stars, 23% 1-star reviews (based on over 3,200 reviews)
Vantage Markets on reviews.io
Vantage FX review score on REVIEWS.io website
  • REVIEWS.io User Rating: 4.9 out of 5

Users have mentioned the low spreads, the high quality of customer services, and fast deposit and withdrawal as its strong points.

Vantage Markets Education

You can find a decent range of resources and materials for education from this broker:

  • Articles: Comprehensive articles on various trading topics, suitable for beginners and intermediate traders
  • YouTube Videos: News and analysis on financial markets
  • Webinars: Live and recorded sessions with market experts, covering topics from basic concepts to advanced strategies
  • Glossary: Extensive list of trading terms and definitions
  • eBook: Educational books on financial markets with the goal to help users start trading

TF expert suggestions

In this article, we reviewed Vantage Markets. Traders Union website users have given this broker a rating of 7.9/10. Also, in Vantage FX you can earn up to $100,000 by participating in the Trading Championship contest. The company has three main offices in Vanuatu, South Africa, and Australia. In recent years, it has received several awards, including Best Trading Experience, awarded by the Ultimate Fintech Awards 2024, and Most Trusted Broker, awarded by the Professional Trader Awards 2023.

FAQs
Is Vantage Markets a reliable broker?

Yes, it is regulated by a tier-1 financial authority and has been operating since 2009.

What is the minimum deposit for the broker?

The minimum deposit is $20, but it may vary depending on the account type and payment method.

Does Vantage Markets offer negative balance protection?

Yes, Vantage provides negative balance protection for retail clients.

Is Vantage Markets a reliable broker?

Yes, it is regulated by a tier-1 financial authority and has been operating since 2009.

What is the minimum deposit for the broker?

The minimum deposit is $20, but it may vary depending on the account type and payment method.

Does Vantage Markets offer negative balance protection?

Yes, Vantage provides negative balance protection for retail clients.

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