Vantage

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AspectDetails
broker popularity top broker high popularity best reviews benchmark
Leverage500:1
Minimum Deposit$50
Year Established2009
RegulationVanuatu, with additional regulations in Australia, UK, Cayman Islands
Payment methodsCredit/Debit card, Electronic wallet
Publicly Traded
Employees>2000
Type of BrokerForex and CFD broker
MT4
MT5
Trading AssetsForex, CFD, Crypto
Demo Account
Islamic Account
CopyTrading
Signals
Deposit Fee
Withdrawal Fee
Rating★★★★4.2
Offers Official Website

Alternative Brokers

Pros and Cons

Pros
  • Regulatory status in multiple jurisdictions.
  • Indemnity insurance for additional protection.
  • Seamless integration of TradingView into MetaTrader.
  • Smart Trader add-ons and social copy-trading platforms.
  • Industry recognition for Best MetaTrader and Copy Trading Brokers.
Cons
  • Pro ECN account requires a substantial $10,000 minimum deposit.
  • Access to Pro Trader Tools demands a $1,000 deposit.
  • Standard account spreads may not be competitive without a $10,000 deposit for active trader rebates.

Introduction

Welcome to our in-depth exploration of Vantage, a prominent player in the forex market.

In this comprehensive review, we delve into various of its aspects, assessing its MetaTrader platform suite, social trading support, proprietary mobile app, safety, regulations, investment offerings, commissions and fees, mobile trading, other trading platforms, market research, and educational resources.

Our goal is to provide you with a nuanced understanding of Vantage’s strengths and weaknesses, helping you make an informed decision in your trading journey.

Vantage stands out with an overall rating of 4.7/5 stars, a modest minimum deposit requirement of $50, and an impressive Trust Score of 90 out of 100.

However, as we dissect its offerings, it becomes evident that there are distinct strengths and weaknesses that investors should carefully consider.

Ratings

  • Overall: 4/5 Stars.
  • Trust Score: 90.
  • Tradable Symbols: 1000.

Brokfolio.com, with over six years of experience in reviewing online forex brokers, provides an unbiased perspective on Vantage’s strengths and areas needing improvement.

The platform becomes a valuable resource for potential investors seeking reliable insights.

Bonuses and Promotions

The Bonus promotion offers various incentives to traders based on their deposit amounts and trading activity:

Deposit Credit Bonus:

  • Traders receive a credit bonus when they make deposits into their trading accounts.
  • For first-time deposits, a 50% credit bonus is provided, capped at $500 if the deposit amount is $1,000.
  • For subsequent deposits or first-time deposits exceeding $1,000, a 20% credit bonus is offered, capped at $9,500 for deposits totaling $47,500.
  • It’s important to note that the credit bonus can be deleted, and traders receive a 13% yearly interest on the remaining bonus amount. However, to receive this interest, traders must maintain a balance of over $5,000 and conduct a minimum of 0.5 lot trading activity per week.


Funds Growth at 13% every year:

Traders can increase their funds by 13% annually through this promotion, receiving a 13% interest rate on their balance.

To qualify for this interest, traders must have a balance exceeding $5,000 and engage in a minimum trading volume of 0.5 lot per week.

The interest is credited daily based on the qualifying criteria mentioned above.

Other Promotions:

The Vantage Rewards program, VPS claim, and TradingView claim are additional promotions offered by the company.

Overall, these promotions aim to incentivize traders to deposit funds, maintain active trading activity, and reward them for their loyalty through various bonus schemes and interest rates.

It’s essential for traders to review the terms and conditions of each promotion to understand the eligibility criteria and any associated requirements or limitations.

Safety and Regulation

While Vantage boasts a Trust Score of 90, indicating a high level of trust, it’s essential to note that it is not publicly traded and does not operate as a bank.

The regulatory framework includes two Tier-1 regulators (ASIC and FCA), one Tier-2 regulator, and two Tier-4 regulators.

Investors can gain a more profound understanding of the company’s regulatory landscape by exploring the specific jurisdictions where it operates.

Investment Offerings

The availability of markets at Vantage depends on the regulatory entity overseeing the account.

The comprehensive table provided outlines the various investment products available, with a focus on cryptocurrency trading through CFDs and direct trading of underlying assets.

Commissions and Fees: Pricing Structure

Vantage offers three distinct account options: Standard STP, RAW ECN, and PRO ECN.

While the pricing structure aligns with industry averages, it’s important to note that it faces stiff competition from industry leaders like Saxo Bank and IG.

The comparison between Standard and Raw accounts, along with insights into the PRO account and active trader programs, paints a detailed picture of Vantage’s pricing model.

Mobile Trading: Proprietary App

Vantage’s proprietary app, with MetaTrader apps, provides mobile trading options for users.

The Vantage App shows promise but currently falls behind competitors such as IG, FOREX.com, and Saxo Bank.

Exploring the app’s features, ease of use, and available charting options offers investors a comprehensive view of its mobile trading capabilities.

Other Trading Platforms: Diverse Platforms

Vantage distinguishes itself by integrating third-party platforms like TradingView, expanding beyond the conventional MetaTrader suite.

The overview provides insights into the various platforms offered, including MetaTrader 4 and 5, SmartTrader Tools, and social copy-trading platforms.

Investors can assess the additional tools and features available to them, enhancing their trading experience.

Market Research: Third-Party Content

The broker relies predominantly on third-party providers, notably Trading Central, for its research.

The overview of Vantage’s research resources, market updates, news, and analysis highlights strengths and potential areas for improvement.

A comparison with industry leaders like IG, Saxo Bank, and CMC Markets provides a contextual understanding of Vantage’s research offerings.

Education: Learning Resources

Its educational resources are examined in detail, with a focus on the Learn Forex Trading section.

While featuring 37 educational points, the section may be considered unsophisticated by some users.

However, the inclusion of the Pro Trader series by Trading Central, comprising over 130 video tutorials, adds depth to Vantage’s educational offerings.

The exploration of video content, webinars, and potential areas for improvement helps users evaluate the educational value provided.

Conclusion

As of our 2024 review, Vantage, founded in 2009, has evolved into a significant player in the forex market.

While excelling in certain areas, such as its MetaTrader suite and social trading support, it falls short in research and education compared to industry leaders.

Prospective investors should weigh these factors, considering the nuanced details presented in this review, to make an informed decision aligned with their trading preferences and requirements.

FAQ – Frequently Asked Questions

What is the minimum deposit required to open an account?
The minimum deposit is $50.
In how many jurisdictions is the company regulated?
Vantage is regulated in two Tier-1, one Tier-2, and two Tier-4 jurisdictions.
Does it offer indemnity insurance for additional protection?
Yes, it provides indemnity insurance beyond regulatory coverage.
What platforms are integrated into the MetaTrader suite?
TradingView is seamlessly integrated, along with Smart Trader add-ons and social copy-trading platforms.
How many tradeable symbols does the broker offer?
Vantage provides a total of 1000 tradeable symbols.
Is Vantage recognized for any industry achievements?
Yes, it has been recognized among the Best MetaTrader and Copy Trading Brokers for 2023.
What is the minimum deposit for the Pro ECN account?
The Pro ECN account requires a minimum deposit of $10,000.
How much is the deposit requirement for accessing Pro Trader Tools?
Access to Pro Trader Tools requires a $1,000 deposit.
Are there active trader rebates on the Standard account?
Yes, rebates are available, but only for accounts with a minimum deposit of $10,000.
What is the overall Trust Score for Vantage?
Vantage has an overall Trust Score of 90.

Resources

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Article written, edited and reviewed by

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Adam Rosen

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Last updated: July 5, 2024