On the negative side, the lack of crypto trading for global clients means it isn’t the best choice for dedicated crypto investors. We also don’t recommend Vantage if you want to deposit and withdraw using PayPal. The $50 starting deposit, low fees, unlimited demo account, copy trading and educational resources will suit beginners. I have been impressed with the customer service at Vantage.

Platform Info

The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures. Opening an account takes less than 5 minutes and the starting deposit is low at $50. There is also a free demo account for prospective users and an almost unrivalled selection of copy trading tools. On the negative front, our team score the broker down for its average withdrawal processing times.

Pros & Cons

I often began to see negative reviews about Vantage Markets on the Internet. It’s the fake broker who disguises itself as a legitimate one. After your first fund, the manager will tell you that it’s not enough and you need to deposit more money. Moreover, the unprofitable transaction will not be opened by you, but by someone unknown.

Is Vantage Markets Dangerous?

At this point, the broker will start closing out your positions. Vantage offers a decent selection of assets beyond forex. This includes stocks, indices, commodities, metals, energies, ETFs, and bonds.

You must also specify personal and contact information, country of residence, as well as the type of account. Vantage – Vantage was founded in 2009 as an international forex broker registered in Australia. ASIC’s tight regulatory control ensures that all Vantage customers are fully transparent financial transactions.

The 800+ list of equities is particularly strong, with exposure to blue chip stocks from the US, Europe, Australia and beyond. The range of forex assets offered by Vantage is not the widest, with 49 currency pairs available. This is quite far behind rivals like Forex.com with its 80+ pairs. The broker also scores well when it comes to non-trading fees. Once we got through to the customer support team, we found that staff were able to resolve all of our queries almost immediately.

Vantage Markets rating

Founded in 2009, Vantage is indeed a major brokerage based in Australia, operating under one of the strictest regulatory jurisdictions and thriving. You can comment on any of our materials and contact us via email. If you know any scam projects that were not reviewed by our team, please contact us.

The web trader versions are surprisingly capable and customizable as well. Several USD and EUR pairs are offered for Bitcoin, Bitcoin Cash, Dash, Litecoin, Ripple and Ethereum. One such incident saw it deny payment to one of its IBs (Introducing Brokers). After the said affiliate posted a complaint about the operator at one of the review portals, Vantage allegedly offered to pay him only if he first removed the said complaint. Whether or not such stories are true, is quite impossible to verify at this point.

A trader can choose between Vantage Markets software and MetaTrader. Besides, the broker supplies both the fourth and fifth versions. Vantage Markets platform is not so popular, while MetaTrader is a Forex industry standard. We always recommend that users approach forex trading with a sensible risk management strategy.

Open Free Demo Account

Why do you want to trade with this undoubtedly serious online FX / CFD provider? Unlike most other regulated brokers, Vantage offers a cash bonus, as well as access to real ECN execution. With spreads starting at 0 pips, there is no need to sneeze on the trading conditions either.

Vantage is a suitable forex broker for traders of all experience levels. We found the sign-up process straightforward and appreciate the selection of fast, low-cost deposit options. Advanced charting software and high-quality copy trading tools also enhance the forex trading experience for us. On the negative side, withdrawal timelines are slower than some alternatives and regulatory protection at the offshore branch is weak. Overall though, Vantage is a good destination for online forex trading.

More detailed questions were sent via email and were again resolved https://lunarcapital.net/ to our satisfaction, with replies received within 24 hours. It also cuts down on frictional currency conversion costs, making a real difference to the trading bottom line. MT5 is obviously an upgrade from MT4, yet is it somewhat less popular than its successful predecessor. Those looking for better and easier ways to create personalized technical indicators and EAs, will certainly appreciate the improvements delivered by MT5. The liquidity partners of the brokerage are some truly high-profile entities in their own rights. We’re talking about the likes of Citibank, JP Morgan and HSBC.

• We tested the live chat three times and found it quick and easy to use with responses in less than one minute once connected with an agent.
• These derivatives work by allowing the trader and broker to exchange the difference in price of the instrument between the open and close of the contract.
• With all this murky behaviour, despite Vantage FX attempting to appear as a genuine company, the truth is that they are not a legitimate broker – simply put, your money is not safe with them.
• This has all the same functionality as the Live account, including real-time price feeds, so we were able to establish how trading works using virtual funds.

With this in mind, I recommend employing risk management tools. I also suggest beginners think carefully before trading forex with such high leverage. Traders can access forex via contracts for difference (CFDs), which is fairly standard at popular brokers.

• With over 15 years of market experience and regulated in multiple jurisdictions, Vantage provides a trusted trading ecosystem that empowers clients to seize trading opportunities.
• The company now has over 1000 employees in over 30 offices and it serves traders from 172 countries.
• Moreover, the broker will cover the first 20-unit fee from international bank transfers every month which helps keep transfer costs down.
• Both platforms offer algorithmic trading robots, known as Expert Advisors (EAs), that can be used for automated trading strategies.
• The Pro ECN account represents the “full extra” option of the broker.

I am Kevin Berry, an internationally recognized financial advisor. With my team, we provide independent reviews about online stockbrokers, financial funds, and other projects about investments. We can help anyone understand which company can be marked as a scam and which is reliable for investment. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters. Vantage’s forex trading fees are fairly low, but not the best in the industry.

This TradingView-enabled platform has a slick interface and premium analysis tools. This includes over 20 different chart layouts, 8 timeframes, and a large selection of drawing tools. I thought the integrated news stream was a useful extra too. For traders interested in precision charting, or that don’t like the MetaTrader suite, I would opt for ProTrader. Also note that Vantage will issue a margin call when your account drops below 80%. The stop-out level is automatically triggered when your account is below 50% of the required margin.

Vantage was launched in 2009 and has established itself as a reputable global forex broker based in Sydney, Australia. Although not as extensive as some competitors such as eToro, the varied collection of resources mean we can recommend the broker to beginners looking to learn more about forex trading. This uses an external server to manage trading connectivity meaning your account is running without the downtime caused by computer problems. Vantage is a no-dealing-desk broker that offers varying execution models depending on the account you choose. Our team rate the variety of payment methods supported as it makes the broker easy to use globally. No inactivity fees are charged by Vantage, which is an advantage over rivals like Admiral Markets and IG Index.

Our experts are also reassured that this broker segregates client funds from business capital with an AA-rated bank, which should provide peace of mind for traders. Vantage offers its customers to use the section on the website that is dedicated to the education of future traders. In addition to the above detailed account types, the broker offers Islamic account versions too, as well as a Demo account for those looking to put the platform(s) to a risk-free test. The MAM/PAMM account options offered by the broker are obviously aimed at those looking for high-performance trading solutions.