Vantage Review 2025: Pros & Cons

Whichever base currency you choose, a wide range of payment options are available, including bank transfer, credit/debit cards, and e-payment service providers. Wire transfers can take 2-5 days to complete, but during our testing, deposits made using cards were, as stated by the broker, credited to our trading account instantly. Those using AstroPay, Neteller, and Skrill will also see funds credited almost immediately and no charges are applied by the broker on transfers using those services. Vantage offers three live accounts, which is average compared to other brokers, and its accounts are suitable for both beginners and more experienced traders. However, we do not recommend picking a forex broker based on their financial incentives – this can encourage over-trading and excessive risk-taking. Other comparison factors, such as trust, safety, tools and fees are more important.

Best Forex Robots

On Raw ECN accounts, the typical spread is 0.1 pips with a commission of $ 3 per way ($ 6 per full transaction). Opening an account is supposedly easy as well though that probably only goes for Demo accounts, since for real money ones, there are quite a few questions asked and documents required. Vantage is a well-established and oft-awarded Australian FX/CFD broker, that used to feature binary options in addition to its “more traditional” trading products, some time ago. FxScouts Group’s primary mission to provide unbiased and objective reviews, commentary, and analysis. While some data may be verified by industry participants, FxScouts maintains full editorial independence and never allows third parties any control over our work. Operating as an online business, this site may be compensated through third party advertisers.

• I found that there are five levels (Explorer to Legend), with better returns as you attract more traders.
• Vantage Markets stands out as a versatile and reliable broker, catering to traders of all levels with its wide range of tradable instruments, advanced trading platforms, and competitive pricing.
• Setting up your trading to use the MT5 version of the MetaTrader product range is also possible.
• Complying with high standards of professionalism and ethical standards, Vantage has taken the protection of clients’ funds to a new level by means of insurance of funds.
• Traders have permanent access to the account as there are no time limits for its use.
• Vantage scores highly regarding how easy it is to contact the customer support team.
• No inactivity fees are charged by Vantage, which is an advantage over rivals like Admiral Markets and IG Index.

BEST TRADE EXECUTION

Australian traders will be trading with Vantage Global Prime Pty Ltd, which is licenced and regulated by the Australian Securities and Investment Commission (ASIC). British traders will be trading with the UK subsidiary of Vantage, which is licenced and regulated by the Financial Conduct Authority (FCA). Vantage Markets, a leader in online trading solutions, has expanded its popular Deposit Bonus promotion to include Copy Trading Accounts, enhancing… Once verified the funds will be limefx official site transferred to your account almost immediately in the case of e-wallets and within five days if you send funds by wire transfer. Vantage was launched in 2009 and has established itself as a reputable global forex broker based in Sydney, Australia. We tested the live chat three times and found it quick and easy to use with responses in less than one minute once connected with an agent.

Customer Support

From articles, to educational webinars, videos, and courses; you name it, we’ll have it. As part of the onboarding process, you will be required to follow a two-factor authorisation for security purposes. Vantage does not have actual cryptocurrencies; however, the company provides CFD contracts for popular cryptocurrencies. In addition to the above, the MT4 and MT5 versions are available in Web Trader versions for those who cannot or do not want to download anything to their local machines. Trading conditions always come first as far as value is concerned, and Vantage have quite a solid thing going in this regard.

During my testing, I was pleased to see a strong range of 12 chart types and 8 time frames, plus 100+ technical indicators and over 50 drawing tools. For an alternative trading experience, I think the ProTrader is a compelling option. It features a modernized interface with an impressive suite of technical tools. After opening a few positions in both MetaTrader platforms, I’ve found that one of the main differences between the two is how many order types you can execute. Both MT4 and MT5 facilitate the four key types of order (market order, pending order, stop loss, and take profit). These are instructions to your brokerage for when to open and close orders.

Transparent And Low Fees

Vantage have partnered with Trading Central to provide daily market commentary, global financial news, and in-depth market analysis, conveniently accessible from the Vantage app. While retaining the familiar look and feel of MT4, limefx MetaTrader 5 truly is a next generation Forex trading platform. Trading on MetaTrader 5 with your Vantage account can help you to gain your trading edge. Lightning fast execution speeds, the tightest of spreads and even more powerful charting capabilities than MT4 are just some more of the features that make MT5 so powerful. MT5’s addition of a two-position accounting system (netting and hedging), allows traders to maintain full risk management control of their account, in their own way.

Correlation Trader

This combination has helped Vantage to become one of the market leaders in the Australian market. As a platform primarily dedicated to forex and forex CFD trading, the forex trading on offer is generally pretty solid. Vantage gives users instant access to deep liquidity on the live currency markets across over 40 currency pairs.

MT5 is the direct successor the most well known and most popular Forex trading platform, MetaTrader 4 (MT4) and to take your Forex trading to the next level, you need to make the upgrade too. The payment channels that will be available to you will depend on your location. Then, there is generally a restriction on one-time deposits to a maximum of $10,000. Vantage  itself does not charge you any funds for deposits and withdrawals. However, any of the payment channels above may levy charges for making the transactions happen.

This protects clients with a maximum compensation of 20,000 EUR in the case of an unresolved dispute with the broker. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.

• From mobile to desktop applications, these platforms cater to traders of all levels with seamless functionality and advanced tools.
• This protects clients with a maximum compensation of 20,000 EUR in the case of an unresolved dispute with the broker.
• This is due to the location of the primary liquidity providers and means that all clients can experience the fastest trade executions possible when they trade on MT5 through Vantage.
• You can therefore confidently trust the expertise and rigor of our research at BrokerCheck.
• If you maintain a minimum account balance of $1,000, you can apply for a free forex VPS.
• The competitive pricing in the ECN accounts, additional tools and the rebate scheme also make Vantage a good option for more experienced, high-volume traders.

The spreads the broker charges across instruments are minimal, meaning that traders can get the best out of a profitable trade. The fees and commissions charged on CFDs trading are a bit on the high side when compared to other brokers. Moreover, the broker does not protect the accounts of traders from falling into the negative territory, which implies that traders can end up owing the broker. Vantage supports robust desktop applications, including MetaTrader 4, MetaTrader 5, and its proprietary platforms.