Vantage is a forex and CFD broker with offices all over the world. It was established in 2009 and is governed by the Vanuatu Financial Services Commission, the Australian Securities and Investments Commission, and the Financial Conduct Authority of the United Kingdom (VFSC). Vantage’s safety is enhanced by its regulation by a top-tier agency (ASIC, FCA).
- Minimum Deposit: $200
- Trading fees class- Low
- Withdrawal fee amount- $0
- Products offered- Forex, CFO, Crypto
- Forex Pairs- 44
Benefits of Investing in Vantage
- With regulatory status in two tier-1 and one tier-3 jurisdiction, the Vantage brand qualifies as a secure broker (low risk) for trading forex and CFDs.
- It maintains indemnity insurance for extra security above and beyond any legal protection.
- Complete integration of the TradingView platform into the MetaTrader suite has been masterfully executed by Vantage.
- It provides Smart Trader extensions for MetaTrader and a variety of social copy trading platforms (not available in Australia).
- Vantage is once more listed among the Top MetaTrader Brokers and Top Copy Trading Brokers for 2022.
- The fees of Vantage Forex Broker are quite low.
- The opening of the account is very fast and quite simple.
Types of Accounts
A demo account is also provided by Vantage. Vantage offers three different types of trading accounts: STP, Raw ECN, and Pro ECN. These accounts vary in terms of pricing and spread. Additionally, swap-free or Islamic STP and ECN accounts are available. If you retain a leveraged position overnight at a swap-free account, an administrative fee is applied in place of overnight interest.
Trading Applications for Mobile Devices
Along with the conventional MetaTrader mobile app suite, Vantage also provides its own unique trading app. With its Vantage App, Vantage has established a respectable platform for a new mobile trading application. However, I do not like the advertisements, and it is still a long way from being able to compete with the mobile apps provided by IG, FOREX.com, and Saxo Bank.
- Overview of the Apps
Vantage offers two mobile apps: its own Vantage App and the MetaTrader platform family. The mobile apps for MetaTrader 4 (MT4), MetaTrader 5 (MT5), and Vantage are provided by default by their developer for iOS on the Apple App Store and for Android on Google Play.
One chart type, five-time frames, and a limited number of overlays and indicators are available for charting at Vantage. The chart can be opened in a full-screen landscape mode by touching on it, which is a wonderful addition. Plus500’s charting, in comparison, offers more than 100 indicators and enables the simultaneous use of numerous indicators.
Charges and Commissions
Given their complexity and great potential for fast loss of capital owing to leverage, CFDs are risky financial instruments. During CFD trading, 74–89% of accounts held by individual investors experience a loss. You ought to think about whether you are aware of how CFDs operate and whether you have the financial wherewithal to assume the high risk of financial loss.
The cost of trading at Vantage is based on the account type you choose and the Vantage entity that manages your account. Vantage offers three different account types: the commission-based RAW ECN and PRO ECN accounts, the spread-only Standard STP account, and the account with no commissions. Overall, Vantage’s price is somewhat in line with the industry average, although it can’t match the rates offered by Saxo Bank, IG, and CMC Markets, which are the market leaders in this area.
- Pro Account
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 to the organization that oversees it.
Is Vantage Secure?
With an overall Trust Score of 83 out of 99, Vantage is regarded as average-risk. Vantage doesn’t run a bank and isn’t a publicly traded company. Vantage is approved by two tier-1 regulators (high trust), zero tier-2 regulators (medium trust), and two tier-3 regulators (low trust). Australian Securities & Investment Commission (ASIC) and Financial Conduct Authority are the tier-1 authorities that have granted Vantage authorization (FCA).
ConclusionBy 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.