CFDs are complicated financial instruments that carry a high risk of losing money quickly because of leverage. 74% to 89% of retail CFD accounts are in the red. You should think about your understanding of CFDs’ operation and your ability to bear the substantial risk of financial loss.
Vantage adds support for a variety of social trading networks, Trading Central-powered content, and a custom mobile app to its range of MetaTrader platforms. Vantage, however, lags behind industry leaders in crucial fields including research and education.
Background
Vantage, situated in Australia, was founded in 2009. We have more evidence that a broker has successfully weathered prior financial crises the longer the broker has been in business.
The brokerage’s lack of a stock exchange listing, lack of financial disclosure, and difficulty tracing its ownership history are drawbacks.
Overall
• $200 is the minimal down payment.
• Trustworthiness: 83
• Total Tradeable Symbols: 257
Vantage pros & cons
Pros
• The Vantage brand is a safe broker (average risk) for trading forex and CFDs because it retains regulatory status in two tier-1 jurisdictions and one tier-3 country.
• Maintains indemnity insurance for further security above and beyond any applicable regulatory protection.
• The TradingView platform has been flawlessly integrated into the MetaTrader collection by Vantage.
• Provides MetaTrader and a variety of social copy trading platform add-ons for Smart Trader (not available in Australia).
• For 2022, Vantage is once again rated as one of the Best MetaTrader Brokers and Best Copy Trading Brokers.
Cons
• The Pro ECN account has a minimum deposit requirement of $20,000, making it unsuitable for investors on a tight budget.
• A $1,000 investment is needed to gain access to Pro Trader Tools provided by Trading Central.
• Standard account spreads are unimpressive unless you make a deposit of at least $10,000 to qualify for active trader rebates.
Additionally, it specializes in trading CFDs and forex.
Vantage FX focuses on forex trading currency pairings and even trading with CFDs, as was indicated in this evaluation of Vantage FX. They give the impression of being a transparent online broker since they want their clients to know what they have to offer for each financial market. This includes their lightning-quick executions and fiercely competitive, extremely liquid markets. Customers’ trading orders are accepted by a network of high liquidity providers through Vantage FX. Established financial institutions including UBS, HSBC, and the Bank of America are part of this network.
Our Vantage FX review for the UK demonstrates how this broker welcomes traders from the majority of the world’s nations, making them a fantastic option for people who are constantly on the go and don’t want to be trading in one place.
Overall conclusion
The ForexBrokers.com yearly broker review has received the most citations in the market for six years running. We test forex brokers every year, putting hundreds of hours and over 50,000 words of research into the site. This is how we test.
Vantage is it governed?
Yes, it is overseen by the Vanuatu Financial Services Commission (VFSC) for clients from other countries and the Australian Securities and Investments Commission (ASIC) for Australian clients.
The UK’s Financial Conduct Authority (FCA), which oversees Vantage and provides client protection through the Financial Services Compensation Scheme, is another regulatory body (FSCS). The location of the bank, building society, or credit union where the deposit is being held is what determines whether the depositor is protected by the FSCS or not.
Vantage is it safe?
Vantage has an overall Trust Score of 83 out of 99, which is regarded as average-risk. Vantage does not run a bank and is not a publicly traded company. Two tier-1 regulators (high trust), zero tier-2 regulators (medium trust), and two tier-3 regulators have authorized Vantage (low trust). Tier-1 regulators Australian Securities & Investment Commission (ASIC) and Financial Conduct Authority have granted Vantage authorization (FCA). Study up on Trust Score.
Offering of investments
Whichever business oversees your account will determine the variety of marketplaces that are accessible at Vantage. For instance, Vantage’s Australian division provides 257 instruments, while its Cayman Islands division provides 201. The many investing options for Vantage clients are listed in the table below.
Trading in cryptocurrencies is possible at Vantage through both CFDs and trading the underlying asset (e.g. buying Bitcoin). Notably, neither U.K. residents nor retail traders from any broker’s U.K. firm are permitted to trade cryptocurrency CFDs.
CFDs are complicated financial instruments that carry a high risk of losing money quickly because of leverage. 74% to 89% of retail CFD accounts are in the red. You should think about your understanding of CFDs’ operation and your ability to bear the substantial risk of financial loss.
The cost of trading at Vantage varies depending on the type of account you open and which Vantage company specifically holds your account. Vantage offers the spread-only Standard STP account, the commission-based RAW ECN and PRO ECN accounts, and the spread-only Standard STP account. Overall, Vantage’s pricing is largely in accordance with the industry standard, but it can’t match the rates offered by Saxo Bank, IG, and CMC Markets, which are the leaders in this area.
Vantage displays typical spreads of 1.22 pip on the EUR/USD (for the month of August 2021) for its spread-only Standard account, which is compared to raw accounts. The average spreads for its Raw account during the same time period were 0.15 pip ($3 per side plus $6 per round turn), for a total of 0.75 pip.
Vantage’s PRO account provides affordable pricing, with a $2 per-side commission (or $4 each round turn) for the PRO level. The requirements for obtaining a PRO ECN account with Vantage vary according on the organization that oversees it. You must meet certain criteria in order to be categorized as a wholesale client by its Australian organization. You must fill your account with at least $20,000 if you open it through Vantage’s Cayman Islands organization. The PRO ECN account, which is comparable to accounts offered by FP Markets and Tickmill, is Vantage’s most affordable choice for individuals who can satisfy its different account requirements.
Active traders: Depending on your balance and monthly volume, Vantage’s active trader program gives rebates ranging from $2 to as much as $8 per standard lot. The lowest tier requires at least $10,000 in equity, while the top tier demands at least $300,000. But only the Standard account, which has the biggest spreads of all the other account types, offers it.
ACCOUNTS – DIFFERENT ACCOUNTS TO SUIT YOUR TRADING NEEDS
Similar to what we found in our analysis of EightCap UK, we learned that there are a few different account kinds to choose from in this Vantage FX review. The demo account, which enables you to hone your skills prior to depositing real money, was briefly highlighted. Additionally, we highlighted the several active accounts listed below for each particular sort of trader.
COMMON STP
For new traders who want a straightforward account with direct access to the tradable markets, the standard STP account is a fantastic option. Customers who use this account will profit from the zero commission and tight spreads on the currency market. The Equinix Fibre Optic Network is used by every trade on the standard STP. This network contributes to provide the client with incredibly quick execution times. You can choose between MetaTrader 4 (MT4) and MetaTrader 5 (MT5) online trading platforms, and you will have access to over 300 tradeable assets, according to our Vantage FX review UK.
ROOT ECN
A more experienced trader is better suited for the raw ECN account. Customers who like a lot of liquidity at institutional grade from the biggest banks in the world frequently choose it, and you’ll have access to extremely narrow spreads. You can trade currencies efficiently with Raw ECN, and you might only pay a £3.00 commission. It has the fastest execution spreads on the market and is undoubtedly one of the most stable accounts available. It is similar to the typical STP account.
CON ECN
The pro ECN account is an improvement above the raw ECN because it is designed for professional traders and investors who transact in large volumes at once. Any high-rolling forex trader can benefit from its most cutting-edge trading capabilities. As we discovered, Vantage FX tries to maintain expenses as low as possible while enhancing reliability with their clients, you can start trading with a £2.00 commission.
Mobile trading apps
Along with the conventional MetaTrader mobile app suite, Vantage also provides a bespoke trading app. With its Vantage App, Vantage has created a respectable foundation for a new mobile trading application. It is still a long way from being able to compete with the mobile apps provided by IG, FOREX.com, and Saxo Bank, and I don’t like the advertisements.
Overview of apps: Vantage offers the MetaTrader platform suite and its own proprietary Vantage App as two mobile apps. The mobile apps for MetaTrader 4 (MT4), MetaTrader 5 (MT5), and Vantage are pre-installed by their creator on iOS devices through the Apple App Store and Android devices through Google Play.
Utilization: I found the Vantage app’s adverts to be a hindrance to my trading experience. When using a mobile trading app, I’d prefer to stay away from advertisements and promotional content. Having said that, Vantage has done a good job of incorporating research into its newsletter updates, signals, and numerous videos powered by Trading Central each day.
Only five time frames, one chart type, and a limited number of indicators and overlays are available for charting at Vantage. The chart does, however, open in a full-screen landscape view when you tap on it, which is a nice touch. Contrarily, Plus500‘s charting offers more than 100 indicators and supports the use of numerous indicators simultaneously.
Additional trading platforms
By providing a wide variety of additional add-ons and supporting the integration of appropriate third-party platforms and tools, such TradingView, Vantage sets itself apart from other MetaTrader-only brokers. Vantage therefore placed among the Best in Class in our list of the top MetaTrader brokers for 2022.
The whole range of desktop and web trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5, are available from Vantage, which principally specializes in MetaTrader trading (MT5).
Charting: In addition to the typical charts on MT4 and MT5, Vantage also provides the fully integrated CHARTS platform from TradingView, which enables you to log in with your MetaTrader account.
Trading tools: Vantage provides the SmartTrader Tools from FX Blue LLP’s collection of platform add-ons for MetaTrader. Furthermore, Vantage’s outstanding MetaTrader offering is rounded off with the direct streaming of forex news headlines from FxWire Pro and FxStreet.
Vantage provides three venues for social copy trading in addition to the MetaTrader Signals market. ZuluTrade, DupliTrade, and Myfxbook’s AutoTrade make up the trifecta of auto-trading platforms (although these are not available in Australia).
Market analysis
Vantage’s research mainly comes from outside content suppliers like Trading Central; it doesn’t contain a lot of original work. There is still a lot of potential for improvement for Vantage in this area given the caliber and breadth of research offered by the top forex brokers like IG, Saxo Bank, and CMC Markets.
An summary of the research is provided through Vantage’s daily market updates on its dedicated YouTube channel. These updates, which are powered by Trading Central, are merely ok in my opinion. My only complaint is that each movie contains pre-recorded segments of content that are heavily templated. Vantage’s video library of market news and analysis is supplemented with more interesting videos (also from Trading Central) hidden away in the client portal’s trading tools area.
Market news and analysis: The Pro Trader Tools package, which is available to clients with a deposit of at least $1,000 and is incorporated right into the client interface, is also powered by Trading Central. While the Analyst Views function provides automatic analysis, the Featured Ideas tool is excellent for traders seeking for trading signals and actionable ideas.
Future enhancements: Vantage’s scope of research resources continues to expand. However, I would want to see a wider variety of its internal resources, especially webinars and written stuff.
Products and markets
You can only trade forex and CFDs at Vantage (commodities, stock indices, shares, cryptos). This implies that many common asset classes, including actual stocks and ETFs, are unavailable.
Vantage mostly offers FX trading, while it also offers some CFD and cryptocurrency products. Check out our CFD trading tips to find out more about CFDs.
Disclaimer: Due to leverage, CFDs carry a significant risk of losing money quickly. When trading CFDs, 74–89% of retail investor accounts experience a loss. You should think about your understanding of CFDs’ operation and your ability to bear the substantial risk of financial loss.
Vantage offers a fair assortment of forex products, but its stock CFD portfolio falls far short of those of its primary rivals. The biggest firms listed on the UK, US, European, and Australian stock exchanges often comprise stock CFDs. You can trade 34 different cryptocurrency products, including Bitcoin, Ethereum, Litecoin, Ripple, Neo, Terra, and EOS.
We really appreciated the ability to alter the products’ default leverage size when trading. This function is fantastic.
When you wish to reduce the risk of your trade, the ability to change the leverage is a very helpful tool. For instance, employing 2:1 leverage while trading stock CFDs instead of 5:1 leverage will significantly lower your risk. The preset leverage levels are large while trading CFDs and currencies, so use caution. US Share CFDs have a leverage of 33:1 and a minimum lot size of 0.01.
Consumer assistance
Vantage offers a variety of customer care options, but we discovered the live chat to be the most efficient and pertinent. Email responses are frequently given promptly, although they are not always thorough or pertinent. Lastly, we missed 24/7 support.
Pros
Live chat
• Phone responses that are pertinent
Cons:
• No round-the-clock assistance
• Unacceptable email support
Vantage can be reached by way of:
Live chat
• phone
With the exception of busiest times of the day, when enquiries tend to line up, Vantage’s live chat is typically quick. Although several questions were not adequately answered, the relevance of the replies was acceptable.
Vantage’s phone support response times are reasonable, however occasionally it took a while to speak with a customer service agent. Nevertheless, the staff was quite accommodating and we obtained pertinent answers.
We missed the most pertinent answers in customer emails, which are typically responded to in a little more than a business day. While other times the answers was irrelevant, certain inquiries went unanswered.
We also missed having access round-the-clock. Vantage can be reached Monday through Friday from 9 am to 5 pm.
Feed of news
The Market Buzz news feed has an eye-catching layout and provides news analytics and sentiment indicators. It is rather inconvenient that individual news articles from independent news websites like ForexLive and tickerreport.com open on a new page. Twitter messages have also clogged up the news feed.
Education
Vantage is at a disadvantage compared to brokers which prioritize education, like CMC Markets or City Index, because it does not provide a wide variety of training tools for traders.
Vantage’s Learn Forex Trading area has 37 expandable training points, however I thought they were a little rudimentary. Vantage offers a library of over 130 videos produced by Trading Central as part of its Pro Trader series in addition to platform instructions. Short introductory films for beginners are interspersed with longer videos that cover advanced forex and CFD ideas in a variety of marketplaces, including cryptocurrency. Many of these Trading Central videos were helpful to me.
There is always room for development, and Vantage might benefit from expanding the amount of archived content (like webinars) available on its YouTube account as well as from offering a wider range of written pieces.
Last thoughts
By providing reasonable pricing on its commission-based Raw ECN account and supporting the integration of extra platforms like Zulutrade and DupliTrade, Vantage sets itself apart from other MetaTrader brokers. Additionally, it provides access to its own exclusive Vantage app, a trading platform that exhibits significant promise despite the additional distraction of in-app advertisements.
Although Vantage continues to grow its research and instructional services, it still has a ways to go before it can rival the top brokers in both fields.
The Vantage
Vantage, formerly known as Vantage FX and founded in 2009 as MXT Global, is currently a part of Vantage Global Prime Pty Ltd. The Australian Securities and Investment Commission has granted the Vantage brand an Australian Financial Services License (AFSL) (ASIC).
For institutional clients, the group also has a unit governed by the Financial Conduct Authority (FCA) in the United Kingdom under the name Vantage Global Prime LLP. Additionally, Vantage has a unit that is recognized as having regulatory status by the Vanuatu Financial Services Commission (VFSC) and the Cayman Islands Monetary Authority (CIMA).
Vantage FX is the broker with the lowest spreads and the finest liquidity.
Vantage FX, a STP broker, offers ECN (Electronic Communication Network) technology to its clients. Users now have direct access to liquidity providers, lowering spreads and other trading expenses for customers. Over 250 trading instruments, including currency pairs, CFDs on stocks, indices, and commodities, are offered by the company. Three copying services are available to investors: MyFxBook, ZuluTrade, and DupliTrade.
The MetaTrader 4 and MetaTrader 5 trading terminals are used for trading on Vantage FX. The broker’s availability of a proprietary platform, the Vantage FX App, is a plus. It is a mobile terminal that supports iOS and Android-powered smartphones. Traders have the option of 1-click trading enabled.
Valuable Vantage FX services
• MetaTrader extensions Access to tools like Market Manager, Correlation Trader, Alarm Manager, and Correlation Matrix is made available by the company. There are a total of nine add-ons offered by the broker.
Server VPS. enables you to continue dealing even when the trading terminal is shut down. suitable choice for trading robots.
• A sentiment indicator for forex. It is displayed in the form of infographics, where you can observe the ratio of open deals for buying and selling specific trading instruments.
Tools for Pro Traders. Access to expert services like Market Buzz, Featured Ideas, and Analyst Views is made possible by Vantage FX. They are accessible to traders who deposit $1,000 USD or more.
2022 Review Process
Over the course of three months, we evaluated, graded, and ranked 39 foreign forex brokers for our 2022 Forex Broker Review, producing more than 50,000 words of published research.
Each broker received a grade based on 113 different factors, including our unique Trust Score formula. Based on elements including licenses, regulations, and company structure, this unique rating system assigns each broker a trustworthiness score based on how trustworthy they are. Read more here about Trust Score.
All brokers had the chance to submit updates, significant achievements, and a comprehensive data profile, which we manually examined for accuracy, as part of our annual review procedure.
In the end, our meticulous data validation procedure produces an annual error rate of less than.1%, giving site users reliable facts. Learn more about the testing process.
Vantage FX review by an authority
For traders who favor ECN trading, Vantage FX is the broker of choice. Users can access liquidity providers directly as a result, which can reduce trading costs. The business provides two different types of ECN accounts simultaneously, one of which is for experienced traders with a significant deposit.
The best option for clients that are solely interested in trading is Vantage FX. There aren’t many possibilities for passive investing, though. The organization provides a huge selection of currency pairs and does not place limitations on trading methods. So, amateur scalpers can also make a living here. Customers that favor automatic trading can use the company. There are no limitations on the usage of trading robots.
Spread or fixed fees are two appealing commission types that traders can select for themselves. You must choose the proper account type to accomplish this. The initial deposit’s size can be regarded as being rather small. Trading will require additional verifications because the broker places a high priority on protecting its customers’ funds. The business’ technical support team is effective and responsive.
OFFER FOR FOREX TRADING
You would have access to more than 40 forex currency pairings, according to our Vantage FX study. As was previously said, traders have access to the most active and liquid forex markets in the world.
When using a regular STP account and low commission rates on the other account types, you can start trading with no commission fees. Some of the more well-known forex pairs in this list are GBP/AUD, EUR/GBP, and AUD/CAD.
COSTS OF FOREX TRADING
If you use the raw ECN account, Vantage FX keeps trading costs down by providing tight spreads starting at 0.0 pips. They are aware that in this extremely liquid forex market, customers desire to maximize their profits.
TRADING CONDITIONS FOR FOREX
Vantage FX allows you to trade forex from anywhere at any time using your MT4 or MT5 account. For professional clients, you can select a leverage of up to 500:1 to control forex trading risk. Retail customers have a 30:1 leverage. By deciding on and managing your risk tolerance, you can profit from changes in market value.
Finding a forex trading strategy that works for you is a great idea because there are many different ones available. Fortunately, the MetaTrader platforms can handle various tactics, including day traders that use scalping, and they even offer automated trading alternatives for more experienced Vantage FX investors.
VANTAGE FX FAQ REVIEW
Can I trust Vantage FX?
You might be wondering if Vantage FX is a trustworthy option for forex trading and if they are legitimate. If you haven’t used them yet, it’s equivalent to questioning if HotForex or any other online forex brokers are secure. To guarantee the security of their websites, reputable brokers must be licensed and regulated. Check out our analysis of Vantage FX to learn if this broker is authorized and legitimate.
On Vantage FX, what can I trade?
Finding a broker that offers a choice of financial markets to trade with can be an exciting and overwhelming experience for new online traders. In this UK Vantage FX review, we examine the services this platform provides to traders of all experience levels as well as the cutting-edge features you get when you sign up. For more details on what you can trade on Vantage FX, see our website.
Is Vantage FX available in the UK?
For traders who need assistance selecting if this platform is best for them, our evaluation of Vantage FX is a great resource. The evaluation highlights the trading platforms that the broker offers, which are only a desktop website or a mobile app. Find out if you can trade on Vantage FX in the UK and other countries by visiting our website.
ADVANTAGE FX UK VALUES CUSTOMER EXPERIENCES, IN SUMMARY
Overall, we found Vantage FX to be a very trustworthy online broker. They cater to a variety of forex trading skill levels across the entire platform and have a global range. Although the minimum deposit amounts for each type of account were rather expensive, Vantage FX was determined to be a good option. They provide cutting-edge features that are exclusive to them. According to the account type you select, they also offer quick execution times and low to no commission costs.
Customers can also use Vantage FX’s complimentary demo account. This is a fantastic method to put your forex trading ideas into reality and advance your knowledge of the various financial markets. Give Vantage FX a try if you think it can meet your trading demands.
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