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Vantage Markets broker is recommended for forex and CFD traders familiar with the MetaTrader trading platforms.
Vantage Markets is an Australian broker that deals in Forex, Indices, Commodities, and CFDs. It was established in 2009 and has branches in the UK, Vanuatu and the Cayman Islands.
Vantage is regulated by
On December 2, 2019. Vantage, announced their rebranding to reflect the company’s evolution into an all-encompassing, global financial services provider. They rebranded from Vantage FX to Vantage.
Due to its many regulations Vantage Markets is considered to be an average-risk broker, notwithstanding it’s important you check and understand the safety of your funds before opening a live account.
| Vantage's Main Features | ||
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Inactivity fee
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No |
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Minimum depsoit
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$200 |
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Withdrawal fee
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$0 |
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Demo account
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Yes
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Products Offered
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CFD, FOREX, Crypto
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Deposit with bank card
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Yes
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Deposit with electronic card
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Yes
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| Pros | |
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Vantage ranks among the brokers offering the best MetaTrader and copy trading in 2022 |
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Offers narrow spread and low commissions. |
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Offers broad range of asset classes. |
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Deposits and withdrawals are seamless. |
| Cons | |
|---|---|
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Offers Higher spreads in the standard account, unless you deposit at least $10,000 to become eligible for active trader rebates. |
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Requires larger starting deposit. |
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Offers investor protection only in the UK. |
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Vantage is not available to US clients. |
Vantage offers a different range of investment options depending on the regulatory body regulating your account. The Australian and the Cayman Islands brands offer 257 and 201 instruments respectively.
| Summary of Offerings | |
|---|---|
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Total Tradable Symbols |
257 |
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Total Forex Pairs |
44 |
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Forex and CFD Trading |
Yes |
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Cryptocurrency(CFD) |
Yes |
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Non CFD US Stock Trading |
No |
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Non CFD Intl. Stock Trading |
No |
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Crytocurrency(Physical) |
No |
Vantage offers various trading platforms and tools for a seamless trading experience, these include:
The ProTrader supports both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5), additionally, they offer a diverse range of additional add-ons compatible with third-party platforms and tools powered by TradingView. You can also download the MT4/5 on your desktop or laptop and trade without a web browser. The Protrader gives you the power of
The WebTrader is basically an Mt4 software powered by the MQL5 community. It provides a feature-rich interface with a diverse range of functions from placing trades to performing analysis on a web browser.
Vantage also provides two mobile apps: its proprietary mobile app comes standard from their developer for iOS on Apple App Store and for Android on Google Play and the MetaTrader platform suite. Their platforms, such as TradingView.
Vantage also offers Copy trading and they provide three platforms for social copy trading: ZuluTrade, DupliTrade, and Myfxbook’s AutoTrade (however, these are not available in Australia).
| Platform's Features | |
|---|---|
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Proprietary Platform |
Yes |
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Desktop Platform (Windows) |
Yes |
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Virtual Trading (Demo) |
Yes |
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Demo account
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Yes
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Web Platform |
Yes |
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Social Trading / Copy Trading |
Yes
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MetaTrader 4 (MT4) |
Yes
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MetaTrader 5 (MT5) |
Yes
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ZuluTrade |
Yes |
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DupliTrade |
Yes |
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Charting - Indicators / Studies (Total) |
30 |
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Charting - Drawing Tools (Total) |
15 |
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Charting - Trade From Chart |
Yes |
Withdrawals and deposits on Vantage can be done either manually or online. You can deposit funds using the following options: Bpay, Swift, Mastercard, Visa, Skrill, Neteller, and Poli. However, funds deposited through a credit or debit card will usually appear in your account instantly but the funds that are processed through wire transfers or Bpay may take 24hrs or more to appear in your wallet.
Deposits and Withdrawals are processed daily and usually take place on the same working day. However, any withdrawal made after 1200 AEST will be processed the next day. The funds should typically be in their bank accounts for Australian clients by the next working day. Overseas clients may have to wait several days for their funds to get to their accounts.
Vantage Markets does not charge a fee for deposits and withdrawals.
