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  • by Sophie Robinson
  • Aug 11, 2022
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Vantage Markets Review: Regulation, Deposit, Withdrawal, Advantages and Disadvantages

Vantage is a global forex and CFD broker based in Australia founded in 2009. Also, Vantage accepts clients from all over the world with some exceptions, such as the U.S. In this blog post, we will give you a full review of Vantage 2022.
 

Vantage Regulation and Security

Vantage Regulations
 

Vantage Markets is regulated by several authorities: Australian Securities and Investments Commission (ASIC) for Australian clients, Financial Conduct Authority (FCA) for UK clients and Vanuatu Financial Services Commission (VFSC) for clients from other countries. In addition, it offers negative balance protection to customers in the United Kingdom. These regulatory authorities are evidence that Vantage is a safe broker to trade with.
 

Vantage: markets and products

In Vantage it is only possible to trade forex and CFDs, so for those interested in trading forex and CFDs (commodities, stock indices, stocks, cryptocurrencies) Vantage has many products available.
 

In terms of CFDs on stocks, these include the largest companies listed on the UK, US, European and Australian markets and in terms of cryptocurrencies, you will be able to trade 34 products, such as Bitcoin, Ethereum, Litecoin, Ripple, Neo, Terra and EOS.
 

Demo Account 

In addition to an unlimited demo account, Vantage offers webinars and video tutorials on various assets and trading platforms.
 

Vantage Fees

Vantage has low forex trading fees and non-trading fees, and does not charge an inactivity fee. However, financing rates and stock CFD fees are relatively high.
 

AssetsFees
EUR/USDMetaTrader Raw ECN price: commission of $3 per lot per trade plus margin cost. 0.1 pips is the average spread cost during peak trading hours.
GBP/USDMetaTrader Raw ECN price: $3 commission per lot per trade plus margin cost. 0.3 pips is the average margin cost during peak trading hours.
S&P 500 CFDThe rates are embedded in the spread, 0.3 points is the average cost of the spread during peak trading hours.
Inactivity feeNo charge for inactivity

 

Vantage Platforms

Vantage Platforms

Vantage does not have a platform of its own (only third-party platforms such as MetaTrader 4 and MetaTrader 5). For example, MetaTrader provides Vantage's web trading platform, it is customizable and comes in several languages. Although its design is not the best and is a bit outdated.
 

In addition, the types of platforms it provides are:

  • Web
  • Mobile
  • Desktop

Now, Vantage has an excellent mobile commerce platform, well-designed and visually appealing. The platform is available for both iOS and Android.

Vantage Review: Account Types

Vantage Markets Account Types

There are three types of trading accounts in Vantage (STP, Raw ECN, Pro ECN), which differ in pricing and margins provided. 
 

 Account Types  
 STP StandardECN RawnECN Pro
Spread1.40.00.0
Commission03$2$
Minimum Deposit200$500$20.00$

Deposit and Withdrawal

Vantage has a wide variety of deposit and withdrawal options. However, the fees are high if international bank withdrawal is used more than once a month.

In Vantage you can use 9 base currencies: USD, EUR, AUD, SGD, CAD, GBP, NZD, HKD, and JPY.

Deposit 

Vantage does not charge a deposit fee. However, fee exceptions are depositing funds through China Union Pay, where 1.30% to 2.50% of the transfer amount is charged.

In addition to bank transfers and credit/debit cards, some e-wallets can be used such as:

  • Skrill
  • Neteller
  • Union Pay
  • Fasapay
  • Bitwallet
  • Cryptocurrency (Bitcoin, Tether)
  • BPAY
  • POLi
  • JCB
  • AstroPay
  • Vload
  • Perfect Money
  • + PIX and BOLETO (for Brazilian customers)

 

Minimum Deposit

Vantage's minimum deposit requirement is $200 for an STP account and $500 for a RAW ECN account.
 

Withdrawal at Vantage

 

Withdrawal by debit card takes one business day and to withdraw you must:

  • Log in to the client portal and click “Withdraw Funds”.
  • Select from the drop-down menu how you funded your merchant account.
  • Enter the requested information (such as name, bank address and account number).
  • Enter the withdrawal amount and upload a copy of the bank statement (no more than 3 months old).
  • Finally, click on 'Submit'.

 

Vantage Withdrawal Options and Fees

Vantage has no withdrawal fees for credit/debit cards and e-wallets. The first international bank withdrawal each month is free of charge; all additional withdrawals within the month carry a fee of 20 currency units ($20, €20, etc.). 
 

Customer Service

Vantage has several customer service channels and a very fast live chat. Also, emails are answered quickly. It is worth noting that the live chat support is 24/7, while their telephone answering service is available 24/5. 

 

Advantages and disadvantages of Vantage

Advantages and Disadvantages of Vantages Markets
Vantage has low Forex fees and non-trading fees are also favourable (no inactivity fee). However, when opening an account with Vantage, the experience is good, as the process is very fast (less than 5 minutes) and fully digital.

Also, this broker offers a good range of deposit and withdrawal options (most of them are free).

Finally, another advantage of Vantage Markets is that it has a social copy trading service, with its own app (V social), a good tool for beginners or people who have limited time to trade on their own, as well as for experienced traders who wish to become signal providers on the platform.

As for the disadvantages, Vantage's product portfolio is limited, as it offers only currencies and some CFDs for trading. 

Finally, it should be said that although Vantage provides investor protection, this is only for UK clients.