Vantage Australia Review 2024

Last updated Mar 1, 2024
Логотип Vantage AU
4.4/5
Trading CFDs carries high risks. You may lose all invested funds
Nikolay Zavarov - Author
Nikolay Zavarov
Author
Andrey Bondarenko - Editor
Andrey Bondarenko
Editor

In this article, we will conduct a comprehensive review of the Forex broker Vantage and determine whether it is safe to trade with them. This information will help traders make an informed choice and decide on a partner to work with in the currency market.

Vantage Broker Overview

Foundation Year2009
Official Websitehttps://www.vantagemarkets.com
Regulated in CountriesVanuatu, Cayman Islands, Australia, United Kingdom, South AfricaMore Details
Minimum Deposit
  • 50 AUD
Spreadfrom 0 points
Max Leverage1:30
Trading Assets
  • Forex
  • Indices
  • Stocks
  • Bonds
  • ETF
  • Precious Metals
  • Energy Carriers
  • Agricultural Commodities
  • Cryptocurrency
Trading Platforms
  • MetaTrader 5
  • Premium Trader
  • MetaTrader 4
  • TradingView
Email Support
  • support@vantagemarkets.com.au
Hotline Phones
Social Media

Vantage is a global multi-asset broker providing CFD trading services on Forex, commodities, indices, and stocks. Founded over 10 years ago and based in Sydney, it employs over 1,000 people in more than 30 offices worldwide.

Vantage is not just a broker; it is a trusted trading ecosystem that enables clients to succeed faster and more straightforwardly. The company aims to allow its clients to better capitalize on winning market opportunities by offering innovative trading solutions under the Vantage brand.

Vantage Review Summary

The evaluation of Vantage broker is based on a comprehensive analysis, including examining trading platforms, available markets, educational materials, and technical support. We apply a strict evaluation methodology, which can be studied in detail on our website at the link: broker evaluation methodology. Continue reading to learn more about all aspects of working with Vantage Markets and determine if it meets your requirements and expectations.

Reliability and Regulation

Rating:5/5
Legal EntityRegulatorReview
Vantage review
Current review
Vantage UK review
Vantage SA review

Vantage demonstrates high reliability and regulation, confirmed by licenses from various authoritative regulators in different jurisdictions. Among them are VFSC in Vanuatu, CIMA in the Cayman Islands, ASIC in Australia, FCA in the United Kingdom and FSCA in South Africa. These bodies are known for their strict approach to regulating and controlling financial institutions' activities.

The variety of licenses and geographic presence in different regulatory jurisdictions allows for a high level of confidence in the reliability of the Vantage broker. This ensures that the company's clients are protected by strict standards and laws, protecting their global market interests.

Regulation in Australia

In Australia, Vantage is regulated by the Australian Securities and Investments Commission (ASIC), a significant addition to its reliability and transparency. ASIC is known for its strict approach to the supervision of financial markets, providing a high level of protection for traders. An essential feature of ASIC regulation is the existence of customer funds segregation rules, which ensures that customer funds are kept separate from the company's corporate funds, minimizing the risk of financial abuse.

In addition, Australia has a National Financial Services Compensation Scheme (FSCS), which provides additional protection for investors. In the event of financial hardship or insolvency of a broker, the FSCS can compensate clients up to a specific limit. This provides traders additional peace of mind knowing that their investment is protected in unforeseen situations.

Account Opening

Rating:5/5

Opening a trading account with Vantage is a simple and quick process, which can be completed in just 5 minutes. The procedure includes several vital stages: registration and verification.

Registration

Registering an account with Vantage begins with filling out an online form, where you can sign up using Google or an email address. The user must also agree to the Privacy Policy and consent to communication with a Vantage Markets representative for assistance with the application.

Vantage Markets registration form
Vantage Markets registration form

Verification

Verification of the account requires providing documents that prove identity. This may include a valid passport, a photo driver's license, or a national identification card. Additionally, documents confirming the current permanent address, such as utility bills or bank statements, must be provided. All documents must be clear and no older than 3 months. Verification usually takes up to 24 hours.

Account verification in Vantage Client Portal
Account verification in Vantage Client Portal

Minimum Deposit

Vantage offers its clients the opportunity to open a trading account with a minimum deposit of just $50 for all trading accounts.

Account Types

Rating:2.5/5

Vantage offers a few account types that can meet the needs of most traders, from beginners to professionals. Standard and ECN accounts provide flexibility and various options for different strategies and trading styles. However, the absence of cent accounts and fixed spread accounts may limit the choice for some categories of traders.

Trading Accounts

StandardRaw
Account CurrencyAUD, USD, EUR, GBP, NZD
Minimum Deposit50 $
Trading PlatformsMetaTrader 5Premium TraderMetaTrader 4TradingView
Spreadfloatingfrom 1 pipsfor EURUSD~ 1.4 pipsfloatingfrom 0 pips
Commission per Tradeper 1 lot3 $
Trading AssetsForexIndicesStocksBondsETFPrecious MetalsEnergy CarriersAgricultural CommoditiesCryptocurrency
Opened Positions
Leverage1:1-1:30
Margin Call / Stop Out80% / 50%
Order ExecutionSTPECN
Demo Account
Islamic Account
RegisterRegister

Vantage offers two trading account types to satisfy the needs of different categories of traders. Here is a brief overview of each:

  • Standard. This STP account is ideal for novice traders who want simple, direct market access without commissions.
  • Raw. This ECN account is designed for experienced traders who require deep liquidity and tight spreads.

Each account offers various currency pairs, indices, ETFs, commodities, stock CFDs, and various trading platforms, including MT4/MT5 for Mac, WebTrader, and mobile applications. This ensures flexibility and choice for traders of all experience levels.

Pro Account

The Vantage Professional Trading Account is a sophisticated choice for experienced traders who demand exceptional trading conditions. This account type emphasizes minimal commission fees and highly competitive spreads that can start as low as 0.0 pips, catering specifically to the needs of seasoned market participants.

Key Features of Vantage Professional Trading Account:

  1. Optimized Trading Conditions:

    • Minimal Commissions: Designed to keep trading costs low.
    • Competitive Spreads: Starts from an impressive 0.0 pips.
  2. Enhanced Trading Power:

    • Upgradable Leverage: Offers the flexibility to increase leverage, amplifying trading capabilities.
  3. Exceptional Support and Services:

    • Fast Execution Speed: Ensures rapid trade execution for most products, which is crucial for optimizing market trading strategies.
    • Exclusive Account Managers: Professional traders receive dedicated support and 24/5 assistance for trading queries.
    • Trading Promotions and Rewards: Opportunity to earn up to $2,000 through the refer-a-friend program and access to various trading promotions.
  4. Adaptability and Flexibility:

    • Tailor-Made Trading Environment: Customizable options for leverage and margin improvements, providing a more adaptable trading experience.
    • Flexible Leverage: Freedom to trade without being restricted by ASIC's typical leverage constraints, allowing for a broader range of trading strategies.

In summary, the Vantage Professional Trading Account is engineered to serve the specific needs of professional traders, offering a combination of competitive pricing, flexibility in trading conditions, and dedicated support services. This account type represents a powerful tool for those looking to maximize their trading potential in the financial markets.

Demo Account

The Vantage demo account provides an excellent opportunity for novices and experienced traders to practice trading without risk. Here are the main features and benefits of the demo account:

  • Virtual funds. The demo account provides $100,000 in virtual funds for practice, allowing you to test various trading strategies without the risk of losing real money.
  • Duration of the demo account. The Vantage demo account is valid for 30 days. However, upon opening a real trading account, traders receive an unlimited demo account with no expiration date.
  • Funds replenishment. You can easily reset your demo account balance to $100,000 by clicking on the ‘$’ symbol in the 'Reset Balance' column and specifying the desired amount.
  • User-friendly interface. The demo account is particularly suitable for beginners as it offers various trading tools and is easy to use.

The Vantage demo account is an excellent tool for learning the basics of trading and for experienced traders who wish to test new strategies and ideas in a safe and controlled environment. It allows traders to confidently transition to actual trading, enriching their experience and skills without the risk of capital loss.

Commissions

Rating:4/5

Commissions are an essential factor when choosing a broker, and Vantage offers various commission structures that can suit different types of traders.

Trading Commissions

Forex broker trading commissions typically consist of a commission per lot, spreads, and swaps. The type of commission and its size depend on the trading account.

Commission per Trade

The Raw Vantage account charges a commission of $3 per lot per side. This is an average value in the market and may be acceptable for many traders looking for a transparent commission structure.

Below is the commission per lot per side for the EURUSD pair at different Forex brokers:

BrokerIC Markets AustraliaRaw SpreadPepperstone AURazorVantage AURawCMC Markets AUFX ActiveAdmirals AUZero.MT5
Commission per lot$3.5$3.5$3$2.5$3

Spreads and Swaps

Spreads on the standard Vantage account are comparable to most competitors, while swaps are below the market average. These core trading costs vary depending on market conditions but are competitive and meet industry standards.

Below is a table of average spreads and swaps for major currency pairs on the standard Vantage account.

AssetAverage spreadSwap longSwap short
AUDUSD1.8 pips-3.66 pips1.10 pips
EURUSD1.4 pips-6.47 pips2.52 pips
GBPUSD1.6 pips-1.47 pips-0.22 pips
NZDUSD1.5 pips-1.80 pips-1.74 pips
USDCAD1.5 pips0.45 pips-3.10 pips
USDCHF1.5 pips4.81 pips-12.40 pips
USDJPY1.5 pips10.43 pips-25.04 pips

Other Fees

Vantage stands out by not charging an inactivity fee, which is an advantage for those who trade less frequently. In addition, the company does not charge internal commissions for deposits or withdrawals. However, it should be noted that international bank transfers may be subject to a minimum processing fee of 20 units of the account's base currency by Vantage's bank. This may affect traders who make frequent international transfers.

Deposit and Withdrawal

Rating:5/5

Vantage offers convenient and flexible account funding and withdrawal options with minimal or no internal fees. However, some restrictions and rules may complicate the process for some clients, especially those in certain jurisdictions or using specific payment methods.

Account Funding Methods

Payment SystemCurrenciesDeposit FeeOperation Limit
BpayBpay
AUD
0%
up to 10000 AUD
NetellerNeteller
USDEURGBP
0%
up to 10000 USDup to 10000 EURup to 10000 AUD
SkrillSkrill
USDEURGBP
2.99%
up to 10000 USDup to 10000 EURup to 10000 GBP
AstroPayAstroPay
USD
0%
up to 10000 USD
FasaPayFasaPay
USD
0%
up to 10000 USD
SwiftSwift
USDEURGBP
0%
up to 10000 USDup to 10000 AUDup to 10000 EUR
VisaVisa
USDEURGBP
0%
up to 10000 USDup to 10000 EURup to 10000 AUD
MastercardMastercard
USDEURGBP
0%
up to 10000 USDup to 10000 EURup to 10000 AUD
JCBJCB
JPY
0%
UnionPayUnionPay
USD
2.5%
up to 10000 USD
POLiPOLi
AUD
0%
up to 10000 AUD

Vantage offers flexible account funding options to expedite the trading start process. Clients can open accounts and deposit funds in the following currencies: AUD, USD, EUR, GBP, and NZD.

Withdrawal Methods

Payment SystemCurrenciesWithdrawal FeeOperation Limit
SkrillSkrill
USDEURGBP
1%
AstroPayAstroPay
USD
0.5%
from 5 to 10000 USD
FasaPayFasaPay
USD
0.5%
from 0.1 to 25000 USD
NetellerNeteller
USDEURGBP
2%
up to 500000 USD
SwiftSwift
USDEURGBP
0%
MastercardMastercard
USDEURGBP
2.64%
UnionPayUnionPay
USD
0.3%
from 45 to 4500 USD
VisaVisa
USDEURGBP
2.54%

Clients can withdraw funds online by logging into the secure Vantage client portal and selecting the withdrawal tab from the menu. Ensuring that the requested amount meets or exceeds the minimum amount for each withdrawal method is essential. Vantage does not charge internal fees for deposits or withdrawals; intermediary fees may apply, which are the client's responsibility. There are certain restrictions and rules, such as mandatory verification for the first withdrawal request, fees for withdrawals through Neteller and Skrill, and a minimum fee for international wire transfers. Furthermore, Vantage reserves the right to refuse to process a withdrawal request under certain circumstances related to Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws, as well as if there is reason to believe that the trading account may become negative after processing the withdrawal request.

Markets and Products

Rating:5/5

Vantage offers a relatively wide range of trading instruments. Leverage also varies depending on the type of instrument, reaching a maximum of 1:500 for pro traders and 1:30 for retail traders.

What markets are available?

  • 57 currency pairs
  • 26 stock indices
  • 8 precious metals paired with various currencies
  • 7 soft commodities
  • 7 energy carriers
  • 51 ETFs
  • over 1000 CFDs on US, EU, UK, and Australian stocks
  • 7 CFDs on US, European, and UK bonds
  • 22 cryptocurrencies

Margin Requirements

Leverage may differ for different types of instruments.

Trading InstrumentMax. Leverage for Retail TradersMax. Leverage for Pro Traders
Forex
1:30
1:500
Precious Metals
1:20
1:500
Energy Carriers
1:10
1:500
Agricultural Commodities
1:10
1:50
Indices
1:20
1:500
Stocks
1:5
1:33
ETF
1:5
1:33
Bonds
1:5
1:50
Cryptocurrency
1:2
1:200

Trading Platforms

Rating:5/5

Vantage trading platforms are highly rated for their convenient and functional structure. Clients are offered various platforms, including the Vantage mobile app, MetaTrader 4, MetaTrader 5, and ProTrader. These platforms provide traders access to powerful trading tools, various technical indicators, and flexible chart settings. ProTrader, in particular, deserves special mention for its unique analytical and trading capabilities.

Vantage Mobile App

The Vantage mobile application provides traders convenient access to global markets trading from mobile devices. Available for iOS and Android, the app is equipped with tools for trading and investing, including technical indicators such as Moving Averages, Bollinger Bands, MACD, and 9 timeframes. The app offers quick access to over 1000 instruments, account management, news, and analytics from Trading Central.

Vantage App
Vantage App

MetaTrader 4

MetaTrader 4 is one of the most popular trading platforms in the world. It offers a wide range of market analysis tools, the use of trading robots, and strategy testing. With MT4, traders can enjoy flexible chart settings, many technical indicators, and a user-friendly interface for efficient trading.

MetaTrader 4
MetaTrader 4

MetaTrader 5

MetaTrader 5 continues the successful MetaTrader platform series and offers even more features and tools for professional trading. With MT5, traders gain access to additional timeframes, an economic calendar, enhanced charting capabilities, and much more. This platform is ideal for those seeking advanced trading technologies.

Vantage's Web MT5 platform
Vantage's Web MT5 platform

Premium Trader

Premium Trader, developed in collaboration with TradingView, offers clients access to hundreds of popular indicators, over 50 technical drawing tools, and a comprehensive set of tools for in-depth market analysis. The platform features 12 charts, including traditional Japanese candles, Renko, and Kagi, and many timeframes and chart layouts. With Premium Trader, traders can execute trades with high precision, choose from over 1000 tradable CFD assets, and stay updated with market news.

Vantage's ProTrader platform
Vantage's ProTrader platform

TradingView

TradingView is renowned as a leading charting and analytical platform, serving over 50 million traders globally. It's more than just a platform; it's a vibrant community of market enthusiasts. With its advanced charting capabilities, comprehensive analytical tools, and a unique social network for traders, TradingView stands out as a top destination for retail investors.

Vantage on TradingView
Vantage on TradingView

Integration with Vantage

Vantage enhances its offerings by integrating with TradingView, allowing traders to execute trades directly from TradingView charts. This combination combines Vantage's competitive trading conditions with the powerful tools and social features of TradingView.

Key Features of TradingView on Vantage

Feature CategoryDescription
Live Market News UpdatesAccess real-time market updates without leaving your chart, helping you spot trading opportunities on the fly.
Technical IndicatorsOver 100 indicators like MACD, RSI, and Volume, all customizable to suit your technical analysis needs.
Intelligent Drawing ToolsMore than 50 drawing tools, including Fibonacci Retracements, Schiff Pitchforks, Gann Fans, etc., with customizable appearance and format.
Multi-Timeframe AnalysisAnalyze markets with multiple time frames, including historical data, from 1 minute to 1 month. Offers split-screen views for comprehensive market analysis.

TradingView, when used in conjunction with Vantage's trading services, offers a potent combination of technical analysis and trading execution, suitable for traders who seek an in-depth and interactive trading experience.

Analytics

Rating:5/5

Vantage's analytical capabilities encompass a broad spectrum of tools and services designed to support traders of all levels.

Daily Market Analysis

Vantage provides its clients with up-to-date daily analytical reviews, which help traders stay informed of the latest trends and events in global markets.

Daily analytical reviews on Vantage
Daily analytical reviews on Vantage

Economic Calendar

With Vantage's Forex economic calendar, traders can keep track of important economic events and releases that can impact currency pairs and other financial instruments.

Vantage Economic Calendar
Vantage Economic Calendar

Forex Sentiment Indicators

These unique indicators allow for gauging the overall market sentiment, providing traders with valuable information about current bullish and bearish trends.

Sentiment indicators on Vantage
Sentiment indicators on Vantage

Smart Trader Tools

The Smart Trader Tools package allows Vantage MT4 and MT5 platforms to compete with the most advanced institutional trading platforms. It includes:

  • Alarm Manager. Automated notifications and trading based on predefined rules.
  • Correlation Matrix. A correlation matrix for analyzing the relationships between various symbols.
  • Correlation Trader. A tool for comparing correlation patterns and trading directly from the instrument.
  • Excel RTD Link. Integration with MS Excel for real-time analysis and rule creation.

Calculators

Vantage's calculators are designed to assist traders in precise calculations, such as position size, risk, and profit, making the decision-making process more informed.

Vantage calculators
Vantage calculators

Daily Forex Signals

In partnership with Trading Central, Vantage offers daily signals and technical analyses, helping traders identify potentially profitable opportunities in the Forex market.

ProTrader Tools

These tools provide traders with premium access to exclusive analytical data, trading setups, and real-time news, making trading more informed and strategic.

ProTrader tools on Vantage
ProTrader tools on Vantage

Market Buzz

The next-generation news service, Market Buzz, reviews and analyzes more than 35,000 tradable assets, including currencies, commodities, indices, and CFD stocks.

This section provides personalized trading ideas and setups based on proven and tested strategies, giving traders access to educational materials and live charts of actual trades.

Education

Rating:4/5

Vantage offers extensive educational resources, including detailed guides, up-to-date articles, educational webinars, and specialized courses on Forex market trading. These materials can be helpful for traders of all levels, from beginners to professionals, and cover various aspects of trading.

Guides and Articles

The broker offers extensive guides and articles covering various trading aspects, from basic concepts such as "How to Trade Indices" to more advanced topics like comparing options and stocks. These materials can be helpful for both beginners and experienced traders.

Vantage Markets Academy
Vantage Markets Academy

Vantage also regularly publishes up-to-date articles that analyze current market trends, such as S&P 500 stocks to watch during earnings season or analysis of ESG stocks. These materials can help traders stay informed about the latest news and opportunities in the market.

Educational Webinars

The broker conducts regular free webinars that allow traders to deepen their knowledge in various aspects of trading. From analyzing specific currency pairs to an introduction to trading based on Price Action, these webinars offer valuable knowledge from experts in the field. Missed sessions are also available for viewing in the archive.

Webinars at Vantage Markets
Webinars at Vantage Markets

Forex Trading Course

Vantage also offers a specialized article-based course on Forex trading. This course covers various topics, including an overview of the Forex market, market analysis, and trading psychology.

Customer Support

Rating:3/5

Vantage technical support offers various communication channels, including email, phone, and live chat, as well as a unique remote support service through TeamViewer. This ensures flexibility and accessibility for clients. However, mixed customer reviews indicate inconsistent service quality, especially regarding response speed and the effectiveness of provided solutions.

Contact details

Clients can contact support through online chat, email address or phone:

Support via TeamViewer

Vantage also offers a unique 1-on-1 remote support service through TeamViewer. This service allows the support team to connect to the client's computer and address issues directly.

Support Reviews

Reviews on TrustPilot about Vantage's technical support are mixed. Some clients praise the speed and efficiency of the service, while others express dissatisfaction with delays in fund withdrawals and insufficient support from the helpdesk.

Vantage Pros and Cons

Advantages

  1. Wide range of trading instruments. Many available markets and products include currency pairs, indices, and metals.
  2. Diversity of trading platforms. Availability of various platforms, including mobile app, MetaTrader 4, MetaTrader 5, and ProTrader.
  3. Extensive analytical tools. Various market analysis tools are available, including correlation matrices, trading signals, etc.
  4. Educational materials. Availability of webinars, articles, and other educational resources.

Disadvantages

  1. Limited variety of trading accounts. The range of trading accounts offered is somewhat restricted, potentially limiting options for traders with specific needs or preferences in their trading strategies.
  2. Variable quality of technical support. Some clients complain about the low efficiency and speed of service.

Conclusion

Vantage offers various trading instruments and platforms, making it attractive for multiple traders. The availability of extensive analytical tools and educational materials can benefit novice traders looking to deepen their knowledge.

Overall, Vantage could be a good choice for intermediate and advanced traders seeking a variety of trading instruments and platforms. This broker may be unsuitable for those seeking specialized cryptocurrency opportunities or more personalized support.

Visit Vantage AUTrading CFDs carries high risks. You may lose all invested funds
Nikolay Zavarov - Author
Nikolay ZavarovAuthor

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.

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