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Vantage Review

Steven Hatzakis

April 13th, 2022
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

Vantage rounds out its MetaTrader platform suite offering with support for multiple social trading platforms, content powered by Trading Central and a proprietary mobile app. However, Vantage trails industry leaders in key areas such as research and education.


Vantage pros & cons

thumb_up_off_alt Pros

  • The Vantage brand maintains regulatory status in two tier-1 jurisdictions and one tier-3 jurisdiction, making it a safe broker (average risk) for trading forex and CFDs.
  • Holds indemnity insurance for additional protection in excess of any regulatory coverage.
  • Vantage has done an excellent job of fully integrating the TradingView platform into the MetaTrader suite.
  • Offers Smart Trader add-ons for MetaTrader and multiple social copy-trading platforms (not available in Australia).
  • Vantage again ranks among the Best MetaTrader Brokers and the Best Copy Trading Brokers for 2022.

thumb_down_off_alt Cons

  • The Pro ECN account requires a minimum deposit of $20,000, making it ill-suited for budget investors.
  • Access to Pro Trader Tools powered by Trading Central requires a $1,000 deposit.
  • Spreads on the Standard account do not impress, unless you deposit at least $10,000 to become eligible for active trader rebates.

Overall summary

FeatureVantage
Overall 4 Stars
Trust Score83
Offering of Investments 3.5 Stars
Commissions & Fees 4.5 Stars
Platforms & Tools 4 Stars
Research 3.5 Stars
Mobile Trading Apps 4 Stars
Education 3 Stars

Is Vantage safe?

help 83
Trust Score

Vantage is considered average-risk, with an overall Trust Score of 83 out of 99. Vantage is not publicly traded and does not operate a bank. Vantage is authorised by two tier-1 regulators (high trust), zero tier-2 regulators (average trust), and two tier-3 regulator (low trust). Vantage is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA). Learn more about Trust Score.

Regulations Comparison

FeatureVantage
Year Founded2009
Publicly Traded (Listed) No
Bank No
Tier-1 Licenses2
Tier-2 Licenses0
Tier-3 Licenses2
Trust Score83

Offering of investments

The range of available markets at Vantage will depend on which entity regulates your account. Vantage’s Australian entity, for example, offers 257 instruments, while its Cayman Islands brand offers 201. The following table summarizes the different investment products available to Vantage clients.

Cryptocurrency: Cryptocurrency trading is available at Vantage through CFDs and through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents.

Vantage offering of investments:

FeatureVantage
Forex Trading Yes
CFD Trading Yes
Tradeable Symbols (Total) 257
Forex Pairs (Total)44
US Stock Trading (Non CFD) No
Int'l Stock Trading (Non CFD) No
Social Trading / Copy-Trading Yes
Cryptocurrency (Physical) No
Cryptocurrency (CFD) Yes
Crypto Disclaimer (UK)Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Commissions and fees

Trading costs at Vantage depend on which account you open and on which specific Vantage entity holds your account. There are three account options at Vantage: the spread-only Standard STP account, and the commission-based RAW ECN and PRO ECN accounts. Overall, Vantage’s pricing falls mostly in line with the industry average, but can’t compete with pricing leaders Saxo Bank, IG, and CMC Markets.

Standard vs. Raw accounts comparison: Vantage lists typical spreads of 1.22 pips on the EUR/USD (for the month of August 2021) for its spread-only Standard account. For its Raw account, average spreads are 0.15 pips with a commission of $3 added per side ($6 per round turn), totaling 0.75 pips during the same time period.

PRO account: The PRO account from Vantage has competitive pricing, with its per-side commission amounting to just $2 (or $4 per round turn). Requirements for opening a PRO ECN account with Vantage fluctuate between its regulating entities. Its Australian entity requires that you qualify to be categorized as a wholesale client. If you open your account under Vantage’s Cayman Islands entity, you must fund your account with at least $20,000. For those who can meet its various account requirements, the PRO ECN account is Vantage’s best-priced option, and is comparable to similar accounts offered by FP Markets and Tickmill.

Active traders: The active trader program from Vantage offers rebates ranging from $2 to as much as $8 per standard lot, depending on your balance and monthly volume. The smallest tier starts at $10,000 and the highest tier requires at least $300,000 in equity. However, it is only available on the Standard account, which has the highest spreads from among all the account options available.

Gallery

Vantage pricing summary:

FeatureVantage
Minimum Deposit$200
Average Spread EUR/USD - Standard 1.22 (August 2021)
All-in Cost EUR/USD - Active0.75 (August 2021)
Active Trader or VIP Discounts Yes
Execution: Agency Broker Yes
Execution: Market Maker Yes

Mobile trading apps

Vantage offers its own proprietary trading app, alongside the standard MetaTrader suite of mobile apps. Vantage has built a decent foundation for a new mobile trading application with its Vantage App. However, I am not a fan of the ads, and it is still a long way off from being able to compete with the mobile apps that are offered by IG, FOREX.com, and Saxo Bank.

Apps overview: Vantage offers two mobile apps: its proprietary Vantage App, and the MetaTrader platform suite. The MetaTrader 4 (MT4), MetaTrader 5 (MT5), and Vantage mobile app come standard from their developer for iOS on Apple App Store and for Android on Google Play.

Ease of use: I found the advertisements within the Vantage app to be a distraction from the trading experience. I'd prefer to avoid ads and promotional content when using a mobile trading app. That being said, Vantage has done a good job of integrating research, with newsletter updates, signals, and multiple Trading Central-powered videos per day.

Charting: Charting at Vantage allows for only five time frames, one chart type, and just a handful of indicators and overlays. On the plus side, tapping on the chart launches it into a full-screen landscape view, which is a nice touch. In contrast, charting from Plus500 comes with over 100 indicators and allows for the ability to use multiple indicators at the same time.

Gallery

Vantage mobile trading:

FeatureVantage
Android App Yes
Apple iOS App Yes
Alerts - Basic Fields Yes
Watch List Yes
Watch List Syncing No
Charting - Indicators / Studies30
Charting - Draw Trendlines Yes
Charting - Trendlines Moveable No
Charting - Multiple Time Frames Yes
Charting - Drawings Autosave Yes
Forex Calendar Yes

Other trading platforms

Vantage distinguishes itself from other MetaTrader-only brokers by offering a diverse range of additional add-ons and by supporting the integration of compatible third-party platforms and tools, such as TradingView. As a result, Vantage finished among the Best in Class in our best MetaTrader brokers category for 2022.

Platforms overview: Vantage is primarily a MetaTrader broker offering the full suite of desktop and web trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Charting: Besides the standard charts on MT4 and MT5, Vantage also offers the CHARTS platform from TradingView, which is fully integrated and allows you to log in with your MetaTrader account.

Trading tools: For MetaTrader, Vantage offers the SmartTrader Tools from FX Blue LLP’s suite of platform add-ons. Also, forex news headlines stream directly from FxWire Pro and FxStreet, helping to round out Vantage’s impressive MetaTrader offering.

Copy trading: In addition to the Signals market on MetaTrader, Vantage offers three platforms for social copy trading. The auto-trading platform trio includes ZuluTrade, DupliTrade, and Myfxbook’s AutoTrade (although these are not available in Australia).

Gallery

Vantage trading platform:

FeatureVantage
Virtual Trading (Demo) Yes
Proprietary Platform Yes
Desktop Platform (Windows) Yes
Web Platform Yes
Social Trading / Copy-Trading Yes
MetaTrader 4 (MT4) Yes
MetaTrader 5 (MT5) Yes
cTrader No
DupliTrade Yes
ZuluTrade Yes
Charting - Indicators / Studies (Total)51
Charting - Drawing Tools (Total)31
Charting - Trade From Chart Yes
Watchlists - Total Fields7
Order Type - Market Yes

Market research

Vantage’s research is sourced primarily from third-party content providers such as Trading Central, and it lacks substantial in-house content. Considering the quality and depth of research that is made available by the best forex brokers such as IG, Saxo Bank, and CMC Markets, there remains considerable room for Vantage to improve in this category.

Research overview: Vantage publishes daily market updates to its dedicated YouTube Channel. These updates are powered by Trading Central, and I found them to be just OK. My only gripe is that they are highly-templated, and feature pre-recorded pieces of content that repeat across every video. Meanwhile, nestled away in the trading tools section of the client portal are more engaging videos (also from Trading Central) that add to Vantage’s video offering of market news and analysis.

Market news and analysis: Also powered by Trading Central is the Pro Trader Tools product, which is offered to clients with at least $1,000 on deposit and is integrated directly within the client portal. Other useful features include its Featured Ideas tool, which is useful for traders looking for trading signals and actionable ideas, while the Analyst Views feature delivers automated analysis.

Future enhancements: Vantage’s scope of research resources continues to expand. That said, I’d like to see an increase in the range of its in-house content, particularly webinars and written content.

Gallery

Vantage research:

FeatureVantage
Daily Market Commentary Yes
Forex News (Top-Tier Sources) Yes
Autochartist No
Trading Central (Recognia) Yes
Delkos Research No
Social Sentiment - Currency Pairs Yes
Economic Calendar Yes

Education

Vantage does not offer a comprehensive range of educational resources for traders, putting it at a disadvantage against brokers that make education a priority, such as CMC Markets or City Index.

Learning center: Vantage’s Learn Forex Trading section features 37 expandable educational points, though I found them to be unsophisticated. In addition to platform tutorials, Vantage provides a library of over 130 videos developed by Trading Central as part of its Pro Trader series. Content ranges from short introductory clips for beginners to longer videos featuring advanced forex and CFD concepts across various markets – including cryptocurrencies. I found many of these videos produced by Trading Central useful.

Room for improvement: Vantage would benefit from an expansion of archived content (such as webinars) on its YouTube channel, as well as a more comprehensive selection of written articles.

Gallery

Vantage education:

FeatureVantage
Has Education - Forex or CFDs Yes
Client Webinars Yes
Client Webinars (Archived) No
Videos - Beginner Trading Videos No
Videos - Advanced Trading Videos No
Investor Dictionary (Glossary) Yes

Final thoughts

Vantage distinguishes itself from other MetaTrader brokers by offering competitive pricing on its commission-based Raw ECN account and by supporting the integration of additional platforms such as Zulutrade and DupliTrade. It also offers its own proprietary Vantage app, which – despite the added distraction of in-app ads – shows real promise as a trading platform.

While the broker’s research and educational offerings continue to expand, Vantage has a ways to go if it wants to compete with the best brokers in those categories.

About Vantage

Founded in 2009 as MXT Global and formerly known as Vantage FX, today Vantage is a member of Vantage Global Prime Pty Ltd. The Vantage brand holds an Australian Financial Services License (AFSL) with the Australian Securities and Investment Commission (ASIC).

The group also has an entity regulated in the U.K. by the Financial Conduct Authority (FCA) under Vantage Global Prime LLP, for institutional clients. Vantage also has an entity that holds regulatory status with the Cayman Islands Monetary Authority (CIMA), and by the Vanuatu Financial Services Commission (VFSC) in Vanuatu.

2022 Review Methodology

For our 2022 Forex Broker Review we assessed, rated, and ranked 39 international forex brokers over a three-month time period resulting in over 50,000 words of published research.

Each broker was graded on 113 different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure. Read about Trust Score here.

As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy.

Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.Learn more.


About the Author

Steven Hatzakis

Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.








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