Abstract： Incorporated in Australia in 2009, Vantage now has more than 15 years of experience.
As a CFD trader, with a strong regulatory framework including ASIC, FCA, CIMA, FSCA and VFSC, it offers traders 1000+ Forex and CFD products covering indices, commodities, shares, ETFs and bonds, among others.
There are also 3 account types and 5 trading platforms available.
Vantage Overview
Incorporated in Australia in 2009, Vantage now has more than 15 years of experience.
As a CFD trader, with a strong regulatory framework including ASIC, FCA, CIMA, FSCA and VFSC, it offers traders 1000+ Forex and CFD products covering indices, commodities, shares, ETFs and bonds, among others.
There are also 3 account types and 5 trading platforms available.
Is Vantage Legit?
The current regulatory status of Vantage is as follows:
It is regulated by ASIC, FCA and is subject to offshore regulation by CIMA and CIMA. In addition, general registration of the FSCA is accepted.
It holds a total of 4 types of licenses: Market Making(MM), Straight Through Processing(STP), Financial Service Corporate, Retail Forex License.
WikiFX, as a leading forex information service platform, has the world's largest trading database and provides users around the world with simpler and more secure forex industry information supervision and query services. Therefore, you can rest assured of the above regulatory information.
What can I trade on Vantage?
Vantage specializes in providing CFDs trading to traders, offering 1,000+ forex and CFD products through its trading platform.
- Forex: More than 40 major, minor and exotic forex pairs, including global currencies EUR/USD, GBP/USD and USD/JPY.
- Cryptocurrency: Tradable examples include BTCUSD, ETHUSD, XRPUSD, BTCEUR and BTCBCH.
- Share CFDs: Trade shares like Tesla, Netflix, Meta and other publicly traded companies through CFDs. Access to international stock markets including the United States, Europe, Australia and Asia.
- Indices: Indices such as SPI200, SP500, NAS100 and DJ30 are all tradable.
- Metals: Buy or sell gold and silver, the world's most traded precious metals.
- Energy: Vantage offers CFDS for a wide range of energy commodities, including popular commodities such as crude oil, natural gas and Brent crude oil.
- ETFs: Contains popular ETFs such as the SPDR S&P 500ETF and Invesco QQQ Trust.
- Bonds: EUB1OY, EUB2Y, EUB30Y, EUB5Y, etc., can be traded.
Account Types & Open an account
Vantage offers a total of 3 trading account types: PRO ECN, RAW ECN, STANDARD STP.
The three accounts have a wide minimum deposit range, ranging from $50 to $1000. Obviously, these accounts are aimed at different types of traders:
- The best choice for beginners is STANDARD STP, which offers direct market access without commission and is a great low-cost option for learning and exploring platforms.
- Experienced traders looking for the lowest spreads, RAW ECN offers sharp spreads and low commissions, with plenty of liquidity support.
- More professional traders can opt for PRO ECN, an account designed for high-volume trading with advanced features and superior execution capabilities.
Also, the big attraction of Vantage accounts is that they can be traded in as many as 9 different currencies. Also, not surprisingly, Vantage supports swap free.
The procedure for opening an account with Vantage is simple and follows 3 steps shown below.
You need to find the “TRADE NOW” button on the official website and click to enter the registration interface
Fill in personal information as required and create an account.
Leverage
Vantage's trading accounts offer different levels of leverage options for different classes of CFD products. Retail accounts have leverage ratios ranging from 5:1 to 30:1, while professional accounts offer even higher leverage ratios, up to 500:1.
It is a truism that high leverage can boost potential profits, but it can also lead to significant losses. To reduce risk, it is recommended that you use certain risk management tools.
Vantage Fees
Account
Compared with the forex spread of the three accounts, the spread of STANDARD STP is a little higher, and the starting range of the spread of each forex pair is 0.0 to 1.4. The remaining two accounts offer the same spread, with a starting range of 0.0 to 0.5.
Their minimum commission ranges from $0 to $3.00.
Instruments
The EUR/USD spread is 0.196 pips, while the rest of the forex pair spreads range from 0.26000 pips to 113.67600 pips. Their commission is uniformly from 1.0 USD per lot.
The Indices' spreads range from 0.34 pips to 190.35 pips. All commissions are 0.
Metal spreads range from 0.827 pips to 36.785 pips. Its commission is also 0.
The spread for soft commodities remained at 1.00 pips to 15.20 pips. Similarly, the requirement for commission is 0.
The spread for energy ranges from 0.71 pips to 6.23 pips. The commission is 0.
For more information about fees, you can visit: https://www.vantagemarkets.com/trading/all-instruments/.
Trading Platforms
The trading platforms offered by Vangtage are Vantage APP, Metatrader 5, Metatrader 4, TradingView and ProTrade.
As an all-in-one mobile app, traders can trade at any time. The main services that can be enjoyed by using it include:
Access more than 1,000 tradable tools.
Stay up-to-date with daily market commentary, global financial news and comprehensive market analysis.
Allows you to practice cld trading and refine your strategy with demo accounts.
Access all live webinars and communicate in real time.
The functions and services of MT4 are summarized as follows:
Enhance your trading strategy with 3 execution modes, 2 market orders, 4 pending orders and 2 stop loss orders.
In terms of comprehensive market analysis and prices, use 30 built-in technical indicators and access to more than 2000 free customized indicators.
Each symbol is displayed in 9 time frames.
Supports the creation of your own Expert Advisor (EA) using the NOLO language.
Trading strategies can be tested using historical data through reverse testing.
Use more than 44 graphic objects, and the Eliat tool to improve your charts.
38 built-in technical indicators and access to more than 2,000 free customized indicators for comprehensive market analysis.
Enhance your trade analysis with 21 time frames, allowing you to check offer dynamics, merge metrics and leverage objects from different time periods by creating your own expert Advisor (EA) using the ML5 language.
Test trading strategies using multithreaded parallel processing.
More than 100 easy-to-use indicators and more than 90 plotting tools reach deep into the market.
With a unique barcode replay function, there are 4 replay speeds, autoplay and step by step mode.
Pine scripts are available, and you can also create custom metrics and policies in a minimalist programming language.
In terms of market monitoring capabilities, ProTrader offers 12 chart types, multiple time frames and more than 100 built-in indicators. For charting enthusiasts, ProTrader offers tools such as trend lines, Fibonacci retractions and Gunn and Elliott waves.
Multiple order types can be used to execute trades and display key data. It also allows traders to align the GMT time of their trading charts with local time or the opening time of their preferred trading instrument.
Real-time news, analysis and educational materials to help guide your trading decisions.
Compared to the above major trading platforms, ProTrader is more like a complementary trading tool suite. These platforms complement each other to make your trading journey more efficient and convenient.
By the way, Vantage's trading platform enables novice traders to conduct simulated trading to familiarize themselves with the system's trading process and reduce the blindness and doubts of traders in real trading. There is no time limit on the use of demo account, and Vantage's service is more user-friendly compared to most brokers who set up deadlines of 1 or 2 months.
Deposit and Withdrawal
Vantage has a total of 7 kinds of payment: VISA, PayPal, BPAY, Australia Bank Transfer, PayID, Broker to Broker, ApplePay/GooglePay. Among them, the maximum processing time is 3-5 working days. The currency they all support is AUD.
It can be seen that the payment methods supported by Vantage are universal, fast and convenient, and do not charge fees. A word of caution, however, is that depending on the payment method you choose in practice, external banks may charge a fee.
Promotions
Vantage has specially introduced promotions to attract traders:
- Deposit bonus for new and existing traders.
- Traders are encouraged to share recommendations to earn cash rewards of $100.
- The setup allows traders to earn V points by trading and completing additional tasks to redeem different rewards.
- Including benefits for the Christmas period of its launch: from December 1 to December 31, 2024, traders will receive $15 for every $100,000 notional volume traded, up to a maximum of $1,500.
These measures appear to be different, but in fact, they are all the same, essentially the so-called “preferential” and welfare implemented by the broker to expand the trading volume.
It is recommended that all traders take a dialectical view and do according to the ability.
Education
At present, Vantage provides educational resources to traders through “Academy”, which is mainly composed of 6 parts: All Articles, Courses, Webinars, eBooks, Terminology and US Presidential electionals.
- All Articles: These articles are divided into different types, including but not limited to current topics and trading interpretations of various instruments.
- Courses: These are mainly trading tips, guides and technical analysis articles provided by Vantage for traders.
- Webinars: The webinars are interactive and highly time-sensitive, incorporating trading education topics such as trading strategy, technical analysis, risk management and trading psychology. These trading techniques can be applied to a wide range of financial markets, including forex, indices, commodities, and equities.
- eBooks: Ebooks are free and you can discover expert insights and valuable tips to enrich your trading knowledge.
- Terminology: Find all terms related to financial transactions here.
- US Presidential electionals: Alert traders to market changes through social hot topics.
Customer Support
Traders can access Vantage customer service by phone, email, live chat and social media. In addition, Vantage has physical locations in South Africa, Vanutu and Australia where traders can access customer service.
Unfortunately, the downside of Vantage's multilingual customer support is that it is not fully available 24/7 to traders.
The Bottom Line
Vantage is first and foremost a secure and reliable platform for trading financial products.
The attraction of the platform is that most trades have zero commissions and spreads as low as 0.0 pip, which is very attractive for cost-conscious traders. The trading platform is diverse and offers demo accounts, suitable for both novice and experienced traders.
In short, Vantage offers a comprehensive trading experience, low cost trading and educational support to guide educators in navigating the market.
However, if you are a trader looking for something other than CFD, you need to consider other brokers.
