Vantage FX or Simply Vantage is an established online Forex and CFD Broker. In this review, we will put this broker under scrutiny and review its regulations, trading platforms, and account types. We will also evaluate its trading fees, spread, deposit, and withdrawal methods and analyze Vantage’s Pros and Cons. So let’s start this Vantage review with a brief introduction of the broker.
4.5/5
2009
$50
VANTAGE REVIEW
Vantage, previously known as Vantage FX, was founded in 2009 as MXT Global. This broker has earned recognition for its multi-asset offerings. With over a decade of market experience and a global presence spanning 172 countries, Vantage is headquartered in Sydney, Australia.
The broker provides access to an extensive selection of over 800 CFD products, including currency pairs, precious metals, commodities, indices, futures, and share CFDs. Vantage’s reputation for excellence, coupled with its ASIC regulation, establishes it as a trusted choice for traders.
| Founding Year |
 2009
|
|---|---|
| Regulated |
 Yes
|
| Rating |
4.5/5 |
| Minimum Deposit |
 $50
|
VANTAGE REVIEW
Vantage operates under the vigilant oversight of two tier 1 regulatory authorities which include the UK’s Financial Conduct Authority (FCA) and Australia’s Securities and Investment Commission (ASIC). In South Africa, Vantage operates under the supervision of South Africa’s Financial Conduct Authority (FSCA). Lastly, Vantage is also authorized to provide financial services in Vanuatu and Cayman Islands.
| COUNTRY | AUTHORITY |
|---|---|
 UK
|
Financial Conduct Authority (FCA) |
 Australia |
Australian Securities and Investments Commission (ASIC) |
 South-Africa
|
Financial Sector Conduct Authority (FSCA) |
Vanuatu |
Vanuatu Financial Services Commission (VFSC) |
 Cayman Islands |
Cayman Islands Monetary Authority (CIMA) |
VANTAGE FX REVIEW
Vantage offers traders three distinct account types to meet varying trading preferences and needs.
The Standard Account provides access to a wide range of markets. It includes 57 currency pairs, 26 indices, 51 ETFs, 22 commodities, and over 800 share CFDs. Traders can choose between MetaTrader 4 and MetaTrader 5 platforms. The minimum deposit for this account is just $50. The available leverage is up to 500:1 available. Spreads start from 1.0 pip, and there are no commission charges. This account also supports multiple base currencies.
The RAW Account offers the same range of markets and platform options but with spreads starting from an impressive 0.0 pips. While there is no commission on currency pairs, a nominal fee of $3.00 per lot per side applies to other instruments. The RAW Account has the same minimum deposit of $50 and also supports various base currencies.
The PRO Account is more suitable for more experienced traders and bigger capital. The Vantage Pro account requires a minimum deposit of $10,000 and offers the same features as the RAW Account, including spreads from 0.0 pips. However, the commission is reduced to just $1.5 per lot per side. The PRO Account also supports multiple base currencies.
VANTAGE FX REVIEW
Vantage does not have a desktop-based proprietary trading platform, instead, it offers traders the renowned MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are available on both desktop and web making it easier to monitor markets, execute trades, and manage portfolios seamlessly.
Vantage also offers official MetaTrader mobile apps for iOS and Android devices to get real-time updates and execute trades from mobile devices. In addition to MT4/5 Mobile trading apps Vantage also offers its proprietary all-in-one mobile trading app.
| PLATFORM | AVAILABILITY |
|---|---|
| Proprietary Platform |
 No
|
| MT4/MT5 (Windows/MAC) |
Yes
|
| Mobile Platform (Android/IOS) |
Yes
|
VANTAGE REVIEW
Vantage provides leverage of up to 500:1 on all major currency pairs. On CFD commodities leverage starts from 50:1 and goes up to 500:1. On US stocks leverage ratio is between 20:1 and 30:1. Finally on cryptocurrency Vantage provides leverage between 5:10 and 50:1
| PRODUCT | MAX LEVERAGE |
|---|---|
| FOREX | 500:1 |
| COMMODITIES | 50:1 - 500:1 |
| CFD STOCKS (US) | 20:1 - 30:1 |
| CRYPTO | 5:1 - 50:1 |
VANTAGE MARKETS REVIEW
Vantage offers a comprehensive range of financial assets spanning various asset classes. It includes all major and minor currency pairs, precious metals, commodities, indices, futures, and Cryptocurrencies. In terms of numbers, there are over 800 CFD stocks from the US, UK, and Australian Markets, 40+ major and minor currency pairs, almost all precious metals, and a small range of nearly 10 cryptocurrencies.
| PRODUCTS | AVAILABILITY |
|---|---|
| Multi Assets |
Yes
|
| Forex |
Yes
|
| Indices |
Yes
|
| CFD Stocks |
Yes
|
| CFD Indices |
Yes
|
VANTAGE MARKETS REVIEW
When it comes to trading costs, Vantage is known to provide transparency and competitive trading fees. For the Standard Account, traders get a fixed spread of just 1.0 pip with no commission.
The RAW Account offers an incredibly low spread of 0.0 pips. However, there is a nominal commission of $3.00 per lot per side.
The PRO Account features spread of 0.0 pips but with a reduced commission costs of just $1.5 per lot per side. Vantage’s low spread and competitive trading fee makes it a favorable choice of many traders.
| PRODUCT | SPREAD RANGE |
|---|---|
| Forex | 0.0 - 1.5 |
| Metals | 0.003 - 4.34 |
| Commodities | 0.0001 - 5.0000 |
| Indices | 0.035 - 6.0 |
| Crypto | 0.0022 - 44.22 |
VANTAGE REVIEW
On currency trading, Vantage does not charge any commission on the standard accounts. However, it charges a commission of $3 per lot per side on Raw accounts and $1.5 per lot per side on Pro accounts.
The commission on UK and European stocks start from €0.01 while on Australian CFD stocks, it’s $5 per trade.
VANTAGE FX REVIEW
Vantage offers a wide array of deposit and withdrawal options. Whether you prefer traditional methods like bank transfers or the ease of credit/debit cards, Vantage has got you covered. It also accepts payment from digital wallets like Apple Pay, Google Pay, SticPay, Fasapay, Bitwallet, Astropay, Perfect Money, Advcash.
Last but not least, Vantage also support deposit and withdrawal in cryptocurrencies like Bitcoin and Tether. Vantage does not charge any fee to deposit or withdraw the funds except a few digital wallets such as Neteller.
Typically, the withdrawal process is completed within just one day. There is no limit to withdraw funds using Credit cards and international bank transfers. However, there are certain lower and upper limits for local bank transfer and digital wallets in several countries including Malaysia, Thailand, Vietnam and Indonesia.
You can view the Vantage withdrawal limits from its website.
| METHOD | AVAILABILITY |
|---|---|
| Credit/Debit Card |
Yes
|
| Wire Transfer |
Yes
|
| E-Wallets |
Yes
|
| Crypto |
Yes
|
VANTAGE REVIEW
Vantage is regulated by top-tier authorities and offers a secure and low-cost trading experience. It has low minimum deposit requirement and provides advanced trading features including copy trading. It offers competitive spreads starting from 0.0 pips and low commission rates. Traders can use Vantage’s Meta 4 and Meta 5 trading platforms on desktop and mobile devices.
However, compared to other Forex brokers the absence of a desktop-based proprietary platform and limited educational resources are noticeable drawbacks. Also its product range is adequate but some traders might find it lacking in diversity. Despite these, the favorable trading conditions, a couple of tier-1 regulations, and user-friendly deposit and withdrawal methods make Vantage a notable choice for many traders.
VANTAGE REVIEW
Always consider the pros and cons of a Forex broker before opening an account.
| Pros |
Cons |
|---|---|
| Multi Asset | Limited Education |
| Multi Regulated | Limited Trading Instruments |
| Low Minimum Deposit | No Desktop based Platform |
| Copy Trading | |
| Low Spread | |
| Proprietary Platform (Mobile only) |
VANTAGE MARKETS REVIEW
Vantage is regulated by the FCA (UK), ASIC (Australia), FSCA (South Africa), VFSC (Vanuatu), and CIMA (Cayman Islands).
Vantage offers the renowned MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
The minimum deposit for both the Standard and Raw Accounts is $50. The Pro Account requires a minimum deposit of $10,000.
Vantage accepts traditional methods like bank transfers, credit/debit cards, various digital wallets, and cryptocurrencies like Bitcoin.
Vantage offers three account types: Standard Account, Raw Account, and Pro Account.
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