REVIEWS

Vantage Review 2022

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Vantage is a Forex broker that started operating in 2009, with its headquarters in Australia. This Forex broker offers traders the option to pursue their financial goals and give access to global financial markets. This Vantage review will give you an in-depth analysis of this Forex broker and all of its features.

Vantage is a CFD and Forex trading broker that provides exclusive services of MetaTrader. You will find two different trading accounts and a Professional Account with more leverage but with less regulation protection. Vantage is regulated under the Australian Securities and Investment Commission (ASIC), which is one of the best financial regulators in the world. You will be able to trade in six different asset classes, and more than 40 currency pairs.

Vantage Main Features
🗺️Established in: 2009
🏢Headquarters: Australia, Cayman Islands
⚖️Regulations: ASIC
⚖️Country of regulation: Australia
💰Minimum Deposit: $200
🖥Platforms: MT4, MT5
🎮Demo Account Available: Yes
💱Leverage: 500:1
💰Withdrawal fee amount: $0
💰Inactivity Fee: No

Background

Vantage is the main representative of the brand name Vantage Global Pty Ltd. This Forex broker started operating in 2009, under the previous name of MXT Global, until it rebranded in 2015. Vantage was registered in Australia with an aim to target Australian audiences until it expanded its headquarters to both Australia and the Cayman Islands.

Pros Cons
Regulated by ASIC Does not provide cryptocurrency
Provides Demo Account Raw ECN accounts charge a 3USD commission
More than one trading account Does not accept Canada and US residents
No deposit fee Does not have a banking license
No withdrawal fee  
Different means of communication  
Wide range of financial markets  
Selection of account base currency  
Fast account opening process  
Trading hours are 24\7  

Vantage is a Forex broker that started operating in 2009, with its headquarters in Australia. This Forex broker offers traders the option to pursue their financial goals and give access to global financial markets.

Safety & Regulation

Vantage is a Forex trading broker that is regulated by the Australian Securities and Investment Commission (ASIC).

The broker partnered with the National Australian Bank (NAB), and provides investor protection to all its traders. In addition, Vantage conducts regular audit reports to the ASIC, ensuring that Vantage FX values transparency in all its interactions and transactions

Pros Cons
Regulated by the Australian Securities and Investment Commission (ASIC) Does not provide negative balance protection
Partnered with the National Australian Bank (NAB)  
Stores client funds in segregated accounts  
Provides investor protection  
Conducts regular audit reports  

Regulation

With Vantage , you will find that client funds are stored in segregated funds away from corporate funds. The client funds are stored in accounts in the National Australia Bank (NAB). Vantage is regulated by the Australian Securities and Investment Commission (ASIC), which is one of the best financial regulators in the world. With the ASIC regulations, Vantage is guaranteed to offer transparent and fair access to financial markets.

Protection

With Vantage , all client funds are stored in segregated accounts with the National Australia Bank (NAB). Vantage FX conducts audit reports on a regular basis, to ensure transparency in its operations and transactions. Additionally, Vantage offers investor insurance to provide traders with the option to trade safely and comfortably. Investor protection covers the done by the employees, representatives, and authorized representatives in Vantage.

Awards

Vantage has received awards of different stature since 2011, due to its excellent Forex execution, constantly being named as the Best Financial Trading Services Provider of the Year from several awarders.

In 2016, The Fore X awarded Vantage with the title of Best ECN Broker, while Finance Monthly awarded Vantage with the award of the Financial Trading Services Provider of 2017. In 2019, Vantage received the same award, as the Financial Trading Services Provider of the Year, from CV Magazine.

Vantage is a Forex trading broker that is regulated by the Australian Securities and Investment Commission (ASIC).

Fees

Vantage offers very low trading fees and no non-trading fees. You will not be charged with a commission as a Standard Account holder. As a Raw Account holder, you are required to pay a 3USD maximum per traded lot. This Vantage review expresses the different trading and non-trading fees you will need to be informed of.

Vantage offers very low trading fees, compared to other Forex brokers in the trading industry.  This Forex trading broker has the option of allowing you to choose the spreads you prefer through your trading account.

With Vantage Standard Account, you will find that the spreads start from 1.6 pips, while the Raw Account has spreads that start from 0.6 pips. The Pro ECN Account has spreads starting from 0.0 pips.

With Vantage, you will not be charged with a commission as a Standard Account holder. However, as a Raw Account holder, you will be charged with a 3USD commission per traded lot per side. For the Pro Account holder, the commission charged is 2USD per traded lot per side.

Pros Cons
No deposit fee Commission charged of 3USD per traded lot
No withdrawal fee High minimum deposit
No account fee  
No inactivity fee  
Low minimum deposit amount  

Non-Trading Fees

Vantage does not charge any non-trading fees to its clients. This Forex trading broker does not charge you for having a Vantage account, being inactive on your Forex trading account, or any other fees that is relevant to your account. In addition, Vantage does not charge deposit fees or withdrawal fees, which mean that you do not have to pay a fee for depositing funds into or withdrawing funds from your account.

Deposit Fees and Withdrawal Fees
Deposit Fees 0USD
Withdrawal Fees 0USD
Vantage Fees Compared To Competitors
  Vantage FX XM ThinkMarkets
Account Fee No No No
Inactivity Fee No Yes No
Deposit Fee 0USD 0USD 0USD
Withdrawal Fee 0USD 0USD 0USD

Leverage

With Vantage, all three trading accounts have the same maximum leverage level of 500:1. This Forex trading broker provides a standard leverage level of 100:1, but the maximum leverage level can reach up to 500:1.

Vantage offers very low trading fees and no non-trading fees. You will not be charged with a commission as a Standard Account holder.

Account Opening

There are three types of trading accounts with Vantage: the Standard Account, the Raw Account, and the Pro Account. The Standard Account is a Straight Through Processing execution system, while the Raw Account and the Pro Account are both Electronic Communication Network execution systems. This Vantage review is to give you a deeper insight into the different trading accounts, their similarities, and discrepancies.

Vantage Minimum Deposit

With Vantage, you will find that the minimum deposit depends on the type of trading account you will use. The Standard Account requires a minimum deposit amount of 200USD. For the Raw Account, you are required to make a minimum deposit of 500USD, and the Pro Account requires a 20,000USD minimum deposit amount.

Pros Cons
Fully digital and fast account opening process None
Two different trading accounts available  
Low minimum deposit  

Standard Account

With Vantage, there are three types of trading accounts and the first trading account is the Standard Account. You will be able to use the Standard Account with the Straight-through-Processing (STP) execution system, through the MetaTrader4 and the MetaTrader5.

There are four different financial asset classes, and a range of financial markets, including 40 Currency pairs, 13 Indices, 20 Commodities, and 100 Share CFDs.

The minimum deposit required from the Standard Account is 200USD and the minimum trade size is 0.01 lot. You will find that you will be able to trade with a maximum leverage level that is up to 500:1. The Standard Account starts spreads from 1.4 pips, with 0USD commission.

RAW Account

With Vantage, there are three types of trading accounts and the second trading account is the Raw Account. You will be able to use the Raw Account with the Electronic Communication Network (ECN) execution system, through the MetaTrader4 and the MetaTrader5.

There are four different financial asset classes, and a range of financial markets, including 40 Currency pairs, 13 Indices, 20 Commodities, and 100 Share CFDs.

The minimum deposit required from the Standard Account is 500USD and the minimum trade size is 0.01 lot. You will find that you will be able to trade with a maximum leverage level that is up to 500:1. The Raw Account starts spreads from 0.0 pips, with a 3USD per lot per side as commission.

Pro Account

With Vantage, there are three types of trading accounts and the third trading account is the Pro Account. You will be able to use the Pro Account with the Electronic Communication Network (ECN) execution system, through the MetaTrader4 and the MetaTrader5.

There are four different financial asset classes, and a range of financial markets, including 40 Currency pairs, 13 Indices, 20 Commodities, and 100 Share CFDs.

The minimum deposit required from the Standard Account is 20,000USD and the minimum trade size is 0.01 lot. You will find that you will be able to trade with a maximum leverage level that is up to 500:1. The Pro Account starts spreads from 0.0 pips, with a 2USD per lot per side as commission.

How To Open A Vantage Trading Account

Vantage FX Live Account

Step One: Fill in your personal information in the online application
Vantage FX Live Account Step -1

Step Two: Fill in your details including your identification number and place of residence.
Vantage FX Live Account Step -2
Vantage FX Live Account Step -2 (2)
Step Three: Define your employment status, your financial information, and your trading background.

Vantage FX Live Account Step -3
Vantage FX Live Account Step -3 (2)

Step Four: Choose your preferred trading platform, base currency, base account currency, and confirm that you agree with the terms and conditions of Vantage FX.
Vantage FX Live Account Step -4
Vantage FX Live Account Step -4 (2)

Step Five: Upload a Proof of Identity (POI) or Proof of Residence (POR) document.
Vantage FX Live Account Step -5

There are three types of trading accounts with Vantage: the Standard Account, the Raw Account, and the Pro Account.

Deposit & Withdrawal

Vantage offers free deposits and withdrawals, so you will not have to worry about being charged extra fees.

Account Base Currencies

With Vantage, you have six different account base currencies that you can select from as your currency of choice. The account base currency is essential to define which currency will handle your transactions. You can choose one account base currency from the following: USD, GBP, EUR, AUD, SGD, and CAD.

USD GBP EUR
AUD SGD CAD

Deposits

There are several different ways of depositing funds into your Vantage trading account. You can deposit funds via E-Wallet, Credit\Debit Card, Bank Transfer, and by Broker-to-Broker transfer. You do not have to worry about being charged with a deposit fee, since all deposits are free with Vantage. You will find that deposits are processed in 24 hours, or could up to 2-5 business days, depending on the payment method you choose.

There are several different ways of depositing funds into your Vantage trading account. You can deposit funds via E-Wallet, Credit\Debit Card, Bank Transfer, and by Broker-to-Broker transfer. You do not have to worry about being charged with a deposit fee, since all deposits are free with Vantage. You will find that deposits are processed in 24 hours, or could up to 2-5 business days, depending on the payment method you choose.

Pros Cons
No withdrawal fee  Withdrawal fee of 20AUD on Telegraphic Transfers
Different account base currencies  
Several types of payment methods  

Vantage Deposit Options

  • Bank Wire Transfer
  • Electronic Wallets
  • Credit And Debit Cards
  • Broker-to-broker transfer

Withdrawal

Withdrawals with Vantage are a fast process that is usually processed in 2 business days, with any payment method. There are four types of different payment methods to select from, including: Bank Transfer, Electronic Wallet, Credit\Debit Card, and Broker-to-broker transfer. You do not have to consider a fee while requesting a withdrawal, since this financial transaction is free. However, you might be charged with an 20AUD withdrawal fee, if you perform a withdrawal via an international telegraphic transfer (TT).

Pros Cons
No withdrawal fee Withdrawal fee of 20AUD on Telegraphic Transfers
Different account base currencies  
Several types of payment methods  

Vantage Withdrawal Options

  • Bank Wire Transfer
  • Electronic Wallets
  • Credit And Debit Cards
  • Broker-to-broker transfer

Vantage offers free deposits and withdrawals, so you will not have to worry about being charged extra fees.

Trading Platforms

With Vantage, you will be able to choose between the Vantage FX Application, MT4, and the MT5 platform. The MT4 platform is ideal for novice traders who are new to the trading scene, while the MT5 platform is suitable for advanced traders who have experience in trading.

In this Vantage broker review, we are testing the quality of the MT4 trading platform. Vantage takes pride in being one of the best brokers that apply the MetaTrader4 platform in Australia.

  • Vantage in-house Trading Platform
  • MetaTrader4
  • MetaTrader5
  • Vantage FX App
  • WebTrader

Web Trading Platform

With the MT4 web trading platform, you will be able to use four pending orders: Buy Limit, Buy Stop, Sell Limit, or Sell Stop. You will be able to open a trade, modify it, and close it whenever you wish.

The MT4 web trading platform does not have a two-step login process, which means you will not have the additional security measure to protect your account.

Despite not having a two-step login process, you can set alerts to notify you of price movements in a market or for a certain time period. This way you will automatically be notified and can strategize accordingly.

Pros Cons
Downloadable on MAC and Windows MT4 only has 4 pending orders, while MT5 has 6
Customizable charts No two-step login process
EAs available  
Custom indicators  

Desktop Trading Platform

The desktop trading platform is very similar to the web trading platform, and you can enjoy the same features. The difference between both platforms is that the desktop trading platform is accessed straight from your Personal Computer and not through the web.

With the MT4 desktop trading platform, you will be able to use four pending orders: Buy Limit, Buy Stop, Sell Limit, or Sell Stop. You will be able to open a trade, modify it, and close it whenever you wish.

The MT4 desktop trading platform does not have a two-step login process, which means you will not have the additional security measure to protect your account.

Despite not having a two-step login process, you can set alerts to notify you of price movements in a market or for a certain time period. This way you will automatically be notified and can strategize accordingly.

Mobile Trading Platform

With the MT4 mobile trading platform, you will also be able to use four pending orders: Buy Limit, Buy Stop, Sell Limit, or Sell Stop. You will be able to open a trade, modify it, and close it whenever you wish.

The MT4 mobile trading platform does not have the option of facial recognition or fingerprint, which means you will have to log in manually.

However, you will get notifications on price alerts when there are any movements in a specific market or a particular timeframe. You will receive the notification in the form of a push notification on your mobile device.

Pros Cons
Available for iOS and Android users No facial recognition
Monitor prices on-the-go  
Custom indicators  
View order history and account balance  

With Vantage, you will be able to choose between the Vantage Application, MT4, and the MT5 platform.

Markets & Financial Instruments

Vantage provides six different financial asset classes and instant access to financial markets. Each asset class has financial instruments that you can select from, in order to trade in your preferred financial market. This Vantage review is to list all the different financial asset classes and financial instruments you will be able to trade with. Vantage has six different financial asset classes, which are: Forex, Commodities, Indices, Share CFDs, Energy, and Precious Metals.

These six financial asset classes are broken down into different classifications. You can trade with more than 40+ currency pairs, 15 indices, 5 energies, 5 commodities, and 3 precious metals. As for the share CFDs, there are 4 types of share CFDs: US Share CFDs, HK Share CFDs, AU Share CFDs, and UK-EU Share CFDs.

What Vantage Offers
Forex Commodities
Indices Precious Metals
Shares CFDs Energy

Vantage provides six different financial asset classes and instant access to financial markets.

Markets Research & Trading Tools

Vantage values market research and trading tools to enhance your trading knowledge and trading strategies. You will be able to access different trading tools as a Vantage FX trader, however, to access VPS, you will need a minimum balance of 1000USD. This Vantage FX review defines the different trading tools and market research materials, along with all of its features.

Vantage Trading Tools

Vantage has a myriad of trading tools, which will help enhance your trading strategies. Trading tools such as MT4 Smart Tools, Forex VPS, Forex Sentiment Indicators, and Pro Trader Tools.

Vantage has different types of trading tools that will improve your trading strategies and trading decisions. The trading tools available are Forex VPS. MT4 Smart Tools, Forex Sentiment Indicators, and Pro Trader Tools.

Pro Trader Tools allows access to fundamental ideas with customized filters and trading on the go. Forex Sentiment Indicators represent trading volumes to help you make an informed decision on trading. MT4 Smart Trader Tools allow you to stay alert via an alarm manager with 6 types of alarms, which automatically trigger market or pending orders. Forex VPS ensures that the MT4 trading platform operates non-stop, automatically.

Vantage Tools
MT4 Smart Tools Forex VPS
Pro Trader Tools Forex Sentiment Indicators
Pros Cons
 6 types of alerts available  Minimum balance 1000USD for Forex VPS
 Forex VPS ensures Expert Advisors (EAs) operates non-stop  
 Custom filters on Pro Trader Tools  

Market Research

Social Trading with Vantage can be done on ZuluTrade or on Myfxbook, where you can interact with the trading community and share your trading knowledge. Economic Calendar will help you, as an active trader, to be able to track and stay updated on important market-moving trading events.

Pros Cons
Economic calendar updated daily None
Social Trading enables you to share your trading strategies  
Social Trading allows you to interact with trading communities  

The economic calendar allows you to be able to stay up to date on all the different trading events, and you’ll know how it will affect your trading decisions. Social Trading via ZuluTrade or Myfxbook, which enables you to talk to different traders and share your trading knowledge.

Vantage values market research and trading tools to enhance your trading knowledge and trading strategies.

Customer Service

Vantage has fast-paced customer service support, which allows you to be able to get the answers to your questions as fast as possible. There are several means of communication, but not all forms of communication are fast at responding. The Vantage customer support service is not available 24\7, unfortunately. This Vantage review will tell you the different means of communication on how to reach the customer service department.

Vantage gives traders the option to reach out to the customer service department in several ways: via phone, via live chat, via postal service, and via email. The customer service is not available 24\7, but it makes up for it in its fast response time.

Customer service takes about 2-3 minutes to respond to live chat questions or phone support, while email support is received and answered within 24 hours. In regards to the phone support, you will find that they have different branches of customer service in multiple countries, on the Vantage website.

Pros Cons
Different means of communication Not available 24\7
Fast paced at responding to clients Postal service is slow
Accurate in responding to inquiries Email support responds within 24 hours
More than one language available  

Means Of Communication

  • Live chat
  • Email support
  • Phone support
  • Postal service

 

The Vantage customer service has proven to be effective for traders, but it is very rare for traders to reach out to the customer service department. This is due to the fact that most traders will find answers to their questions on the Vantage website. However, those who have used the customer service have found that the overall trading experience was improved from the customer service department of Vantage FX.

Vantage has a fast paced customer service support, which allows you to be able to get the answers of your questions as fast as possible.

Client Education

Vantage offers you the option to learn all you need to know about the trading world, through the Learn Forex section on the website. You will find that there are several forms of learning approaches: written articles, tutorial videos, and two Demo Accounts. This Vantage review will demonstrate a step-by-step guide on how to open a Demo Account.

Pros Cons
Visual aid available None
Written material available  
Targets both novice and advanced traders  
Three different trader classification  
Wide range of educational topics on tradin  
Demo Account available  

There are several forms of client educational materials that allow both novice traders and expert traders to learn about the trading world. Vantage holds a section on its website, labelled as Learn Forex, with an extensive range of articles to educate traders with.

The Learn Forex section consists of detailed articles and written materials on both the basics of trading and advanced trading analysis. Novice traders will benefit in the basics of trading, while advanced traders will benefit from the more in-depth articles on Forex analysis and Forex psychology.

On the other hand, Vantage  also provides traders with educational videos as a how-to guide on trading platforms. You will find tutorial videos on how to use MetaTrader4 and MetaTrader5, which covers all topics of the trading platform. If you are an advanced trader, you will find the how-to visual guides that demonstrate on using the MT4 SmartTrader Tools are also useful.

Client Education Resources

  • Learn Forex
  • MT4 Manuals
  • MT5 Manuals
  • MT4 Videos
  • SmartTrader Tools Videos
  • Demo Account

How To Open A Demo Account

Step One: Fill in your personal information in the online application
Vantage FX Demo Account Step -1

Step Two: Choose your preferred account type, account base currency, and trading platform.
Vantage FX Demo Account Step -2

Step Three: Start Trading!
Vantage FX Demo Account Step -3

Vantage offers you the option to learn all you need to know about the trading world, through the Learn Forex section on the website.

Conclusion

Operating in Australia and Cayman Island, Vantage has established itself as a prime broker. There are three trading accounts that depend on your trading experience: the Standard Account, the Raw Account, and the Pro Account. Vantage does not require a deposit fee or a withdrawal fee, and its non-trading fees are non-existent. Trading fees are low, compared to other Forex trading brokers. Overall, Vantage is a safe broker to trade with and it is known for its transparent processes and transactions. Vantage is an Australian broker that is regulated by the Australian Securities and Investment Commission (ASIC).

Frequently Asked Questions

Is Vantage a Good Broker?

Vantage is a CFD and Forex trading broker that provides exclusive services of MetaTrader. You will find two different trading accounts and a Professional Account with more leverage but with less regulation protection.

Vantage is regulated by the Australian Securities and Investment Commission (ASIC), which is one of the best financial regulators in the world. You will be able to trade in six different asset classes, and more than 40 currency pairs.

Is Vantage Legit?

Vantage is a Forex trading broker that is regulated by the Australian Securities and Investment Commission (ASIC), partnered with the National Australian Bank (NAB), and provides investor protection to all its traders. In addition, Vantage conducts regular audit reports to the ASIC, ensuring that Vantage values transparency in all its interactions and transactions

How Long Do Vantage Withdrawals Take?

Vantage withdrawals take from 1-2 business days.

What Is The Minimum Deposit For Vantage?

The minimum deposit of Vantage is 200USD.

Is Vantage Regulated?

With Vantage, you will find that client funds are stored in segregated funds away from corporate funds. The client funds are stored in accounts in the National Australia Bank (NAB).

Vantage is regulated by the Australian Securities and Investment Commission (ASIC), which is one of the best financial regulators in the world. With the ASIC regulations, Vantage is guaranteed to offer transparent and fair access to financial markets.

Is Vantage An ECN Broker?

Yes, Vantage is an ECN broker.

Is Vantage Safe?

With Vantage, all client funds are stored in segregated accounts with the National Australia Bank (NAB). Vantage conducts audit reports on a regular basis, to ensure transparency in its operations and transactions.

Additionally, Vantage offers investor insurance to provide traders with the option to trade safely and comfortably. Investor protection covers the done by the employees, representatives, and authorized representatives in Vantage.

Methodology

All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. We analyze more than 3000 data points across 8 key focus areas.

Our reviews are a combination of data research and working alongside the brokers. All information provided by the brokers are double-checked to guarantee 100% accuracy and that we remain unbiased.

2022 Review Methodology

For our 2022 Forex Broker Review, we assessed, rated, and ranked 45 international forex brokers over a three-month time period. Each broker was graded on 108 different variables and, in total, over 100,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 0.1% each year, providing site visitors with quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more at Wikipedia.

Chad Smith

Chad Smith

Director of Research & Analysis

Chad Smith is the Director of Research & Analysis here at ForexBrokerListing.com.

Chad previously served as an Editor for a number of websites related to finance and trading, where he authored a significant number of published articles about trading and the impact of technology in transforming investing as we know it.

Overall, Chad is an active fintech and crypto industry researcher with more than 15 years of trading experience, and you can find him teaching his dog how to trade in his free time.