Item: Vantage Prime
Rating: 1.49

Vantage Prime

Australia | 2-5 years |

Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

http://www.vantageprime.com/

Website

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8.53

5-10 years |
Regulated in Australia |
Market Maker (MM) |
MT4 Full License |

Details

Official website

Company Summary

Vantage Prime Review Summary
Founded	2015
Registered Country/Region	Australia
Regulation	ASIC (suspicious clone)
Market Instruments	Forex, indices, precious metals, soft commodities, energy, ETFs, share CFDs, bonds
Demo Account	✅
Trading Platform	Vantage app, Pro trader, MT4, MT5
Copy Trading	✅
Minimum Deposit	$50
Customer Support	Live chat, contact form
	Tel: 1300 945 517
	Email: support@vantageprime.com, support@vantagemarkets.com
	Address: Level 29, 31 Market St, Sydney, New South Wales, 2000, Australia
	Facebook, X, Instagram, LinkedIn, YouTube, TikTok, Spotify
Regional Restrictions	Canada, China, Romania, Singapore, the United States

Vantage Prime Information

Vantage Prime is a service provider of premier brokerage and financial services, which was founded in Australia in 2015. Its current status is suspicious clone. The broker offers products and services for forex, indices, precious metals, soft commodities, energy, ETFs, share CFDs and bonds. Besides, residents of certain jurisdictions such as Canada, China, Romania, Singapore, the United States and to jurisdictions on the FATF and EU/UN sanctions lists are not allowed.

Pros and Cons

Pros	Cons
Demo accounts	Regional restrictions
Copy trading offered	Commission fees charged
Various contact channels	Suspicious clone ASIC license
Various trading products
MT4 and MT5 platforms
Low minimum deposit requirement
Various account choices
Popular payment options

Is Vantage Prime Legit?

Vantage Prime is licensed by ASIC to offer services but the current status is suspicous clone. Its license number is 000428901. The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry.

Regulated Country	Regulator	Current Status	Regulated Entity	License Type	License No.
	Australian Securities and Investments Commission (ASIC)	Suspicious Clone	VANTAGE GLOBAL PRIME PTY LTD	Market Maker (MM)	000428901

What Can I Trade on Vantage Prime?

Market Instruments	Supported
Forex	✔
Indices	✔
Precious Metals	✔
Soft Commodities	✔
Energy	✔
ETFs	✔
Share CFDs	✔
Bonds	✔
Cryptocurrencies	❌
Options	❌

Account Type

Account Type	Minimum Deposit
Pro ECN	$10,000
Raw ECN	$50
Standard	$50
Cent	$50
Premium	$500

Vantage Prime Fees

Vantage Prime offers flexible commission options, varying by trading instruments type.

RAW ECN Account

Commission by Lots

Trading Account Currency	Commission per LOT (100,000 base currency)
AUD-Australian Dollar	AUD $3 (round turn $6)
USD-US Dollar	USD $3 (round turn $6)
GBP-Pound Sterling	GBP £2 (round turn £4)
EUR-Euro	EUR €2.5 (round turn €5)
SGD-Singapore Dollar	SGD $3.50 (round turn $7)
JPY-Japanese Yen	JPY ¥275 (round turn ¥ 550)
NZD-New Zealand Dollar	NZD $3.25 (round turn $6.50)
CAD-Canadian Dollar	CAD $3 (round turn $6)
PLN-Polish Zloty	PLN zł15 (round turn PLN zł30)
HKD-Hong Kong Dollar	HKD $25 (round turn HKD $50)
INR-Indian Rupee	INR ₹250 (round turn ₹500)

Commission by Products

Product	Commission (Round turn)
Forex	6.0 USD per lot
ETFs	12.0 USD per trade
Precious Metals	6.0 USD per lot
AU Share CFDs	0.08 percentage per lot, min $5 per trade
EU Share CFDs	0.1 percentage per lot
HK Share CFDs	0.25 percentage per lot, min $6 per trade
UK Share CFDs	0.1 percentage per lot

PRO ECN Account

Commission by Lots

Trading Account Currency	Commission per LOT (100,000 base currency)
AUD-Australian Dollar	AUD $2 (round turn $4)
USD-US Dollar	USD $1.5 (round turn $3)
GBP-Pound Sterling	GBP £1 (round turn £2)
EUR-Euro	EUR €1.5 (round turn €3)
SGD-Singapore Dollar	SGD $1.5 (round turn $3)
JPY-Japanese Yen	JPY ¥175 (round turn ¥350)
NZD-New Zealand Dollar	NZD $2 (round turn $4)
CAD-Canadian Dollar	CAD $2 (round turn $4)
PLN-Polish Zloty	PLN zł7.5 (round turn PLN zł15)
HKD-Hong Kong Dollar	HKD $15 (round turn HKD $30)

Commission by Products

Product	Commission (Round turn)
Forex	3.0 USD per lot
ETFs	12.0 USD per trade
Precious Metals	3.0 USD per lot
AU Share CFDs	0.08 percentage per lot, min $5 per trade
EU Share CFDs	0.1 percentage per lot
HK Share CFDs	0.25 percentage per lot, min $6 per trade
UK Share CFDs	0.1 percentage per lot

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Vantage app	✔	Mobile	/
Pro trader	✔	PC, laptop, tablet	/
Copy trading	✔	PC, laptop, tablet	/
MT4	✔	PC, laptop, tablet	Beginners
MT5	✔	PC, laptop, tablet	Experienced traders

Deposit and Withdrawal

The maximum deposit amount is $10,000 (except HKD and JPY), while the minimum deposit is $50.

Deposit/Withdrawal Options	Fees	Processing Time
Credit/Debit Card (Visa And Mastercard)	$0	Instant
Apple Pay/Google Pay		Instant
Paypal		Within 24 business hours
Neteller	Subject to Neteller's fees	Instant
Skrill (Moneybookers)	Subject to Skrill's fees	Within 24 business hours
Fasapay	$0	Instant
Perfect Money		Within 24 business hours
JCB		Instant
Bitwallet		Within 24 business hours
Sticpay
India UPI
Vietnam Bank Transfer
Thailand Bank Transfer
Malaysia Bank Transfer
Nigeria Bank Transfer
Philippines Bank Transfer
Brazil Bank Transfer
SouthAfrica Bank Transfer
Uganda Bank Transfer
Kenya Bank Transfer
Ghana Bank Transfer
Japan Bank Transfer
Mexico Bank Transfer
International EFT
Domestic Fast Transfer (Australia Only)
Astropay
Broker-to-Broker Transfer

News

News VANTAGE FX REBRANDS AS VANTAGE TO REFLECT NEW BUSINESS IDENTITY

ASIC-regulated foreign exchange brokerage ‘Vantage FX’ has become ‘Vantage’ to reflect the culmination of its extensive business transformation. The rebranding shows that the Australia-headquartered company has evolved into an all-encompassing, global financial services provider.

2021-12-16 12:30

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Is Vantage Prime Legit?

What Can I Trade on Vantage Prime?

Account Type

Vantage Prime Fees

RAW ECN Account

PRO ECN Account

Trading Platform

Deposit and Withdrawal

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